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CNBC Utilities Page Companies

  • Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. In Japan, shares in Nippon Steel rose 1.3 percent, after five weeks of steady losses, partly on speculation that any action by the U.S. would mostly target China which is...

  • Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. In Japan, shares in Nippon Steel rose 1.5 percent, after five weeks of steady losses, partly on speculation any action by the U.S. would mostly target China which is easily...

  • HANOVER, Mass. _ Independent Bank Corp. on Thursday reported first-quarter profit of $20.7 million. Independent Bank Corp. shares have declined almost 8 percent since the beginning of the year. Keywords: Independent Bank Corp., Earnings Report.

  • TORONTO, April 20- Canada's main stock index rose on Thursday after shares of Canadian Pacific Railway Ltd jumped on an upbeat earnings report and mining shares benefited from a gain in commodity prices. The Toronto Stock Exchange's S&P/TSX composite index closed up 72.68 points, or 0.47 percent, at 15,625.56. Barrick Gold Corp rose 1.5 percent to C $25.86, and...

  • Visa's shares were up 2.8 percent at $93.70 in trading after the bell on Thursday, after the company also announced a $5 billion share buyback program. Payment volumes in the United States, Visa's largest market, increased 11.7 percent to $775 billion on a constant dollar basis. Net income fell to $430 million or 18 cents per Class A share in the second quarter, from...

  • NEW YORK/ MONTREAL April 20- Shares of railroad operator CSX Corp soared more than 7 percent on Thursday to a record high, after the company reported better-than-expected quarterly earnings and its new chief executive officer outlined plans to improve margins and cut costs, including job reductions. Jacksonville- headquartered CSX forecast a 25 percent rise...

  • Horton Inc's quarterly profit edged past estimates on Thursday but concerns about the resilience of a recovery in the U.S. housing market weighed on the company's shares. The largest U.S. homebuilder's shares were down 2.8 percent in afternoon trading, dragging peers including Lennar Corp and PulteGroup Inc lower. "Shares are trading modestly lower on...

  • Shares of Fox News' parent company, 21st Century Fox, are gaining ground following the firing of longtime and top-rated segment host Bill O'Reilly. 21st Century Fox's other holdings include 20th Century Fox, Fox Searchlight Pictures, FX Networks and National Geographic Channel. A day after his ouster from Fox News over allegations of sexual harassment, Bill...

  • SAO PAULO, April 20- Brazilian stocks gained on Thursday, supported by a rally in shares of miner Vale SA following solid first-quarter production figures. The company's shares rose as much as 4.9 percent, adding the most points of any stock to Brazil's benchmark Bovespa index. Mounting tensions in North Korea and Syria have dampened demand for higher-yielding...

  • NEW YORK, April 20- Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job reductions, and improved margins. Chief Executive Hunter Harrison said in a call with analysts that the No. 3 U.S. railroad also plans to bring...

  • NEW YORK, April 20- Shares of U.S. hospital operators fell on Thursday after news reports that Republicans were making fresh progress with plans to dismantle the Affordable Care Act, also known as Obamacare. Republican moderates and conservatives were nearing a deal on healthcare that could get an alternative to the law through the U.S. House of...

  • TORONTO, April 20- Canada's main stock index rose on Thursday as Canadian Pacific Railway Ltd jumped on an earnings beat and as energy and many financial shares also gained. Canadian Pacific was the most influential gainer on the index, adding 3.6 percent to C $209.32 after it reported higher-than-expected quarterly profit as it earned more from shipments of...

  • DAMARISCOTTA, Maine _ The First Bancorp Inc. on Wednesday reported first-quarter profit of $4.6 million. The First Bancorp Inc. shares have declined 20 percent since the beginning of the year. Keywords: The First Bancorp Inc., Earnings Report.

  • TORONTO, April 19- Canada's main stock index gained in early trade on Wednesday, helped by a rebound in banking stocks after recent losses and a jump in shares of Rogers Communications Inc after it reported strong quarterly earnings. The Toronto Stock Exchange's S&P/TSX composite index was up 58.85 points, or 0.38 percent, at 15,681.42 shortly after the open.

  • After an initial drop in its shares, they recovered on its upbeat comments over China and were up 1.04 percent at 1137 GMT, with the stock up around 15 percent so far in 2017.. "The high-end nature of Remy's portfolio means the group benefits from rebounding spirits consumption in China and trading-up trends in global spirits," Liberum analysts, who have a sell...

  • April 18- International Business Machines Corp reported a bigger-than-expected decline in revenue for the first time in five quarters due to weak demand in its IT services business, a sign that the company's turnaround could take longer than expected. Shares of IBM, whose revenue has now fallen for 20 quarters in a row, tumbled 4.7 percent to $162 in trading...

  • Shares of IBM, whose revenue has now fallen for 20 quarters in a row, tumbled 4 percent to $163.15 in trading after the bell on Tuesday. The company said revenue declined 2.8 percent to $18.16 billion in the quarter ended March 31. With demand for IBM's legacy hardware and software businesses stagnating, Chief Executive Ginni Rometty has been shifting the company...

  • SAN FRANCISCO, April 18- Shares of Netflix fell from record-high territory on Tuesday and were headed for their worst session in five months after a mixed quarterly report failed to impress Wall Street. The stock fell 3.47 percent to $142.15, losing momentum after touching a record high in extended trade on Monday following its results, the first March-quarter...

  • SAN FRANCISCO, April 18- Shares of Netflix fell from record-high territory on Tuesday and were headed for their worst session in five months after a mixed quarterly report failed to impress Wall Street. The stock fell 3.47 percent to $142.15, losing momentum after touching a record high in extended trade on Monday following its results, the first March-quarter...

  • *Q1 group oper profit 4.4 bln euros vs yr-earlier 3.4 bln. FRANKFURT, April 18- Volkswagen reported a 28 percent jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand which has struggled to recover from the German carmaker's diesel emissions scandal. Shares in Volkswagen jumped on the news, trading 3.7 percent higher at...