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CNBC Utilities Page Companies

  • The billionaire's "commonsense principles" go a long way.

  • July 14- Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the stock to rise once the Japanese company resolves uncertainties around its bankrupt Westinghouse unit and the sale of its memory business. The Japanese conglomerate, whose stock closed at 231.6 yen per share on Friday, may be worth as much as 400 yen per...

  • TORONTO, July 14- Canada's fund managers are set to plow more money into shares of cyclical, industrial and technology companies as the Bank of Canada hikes interest rates, and to allocate a greater share of their bond portfolio to short-term corporate debt. The Bank of Canada raised interest raised interest rates on Wednesday for the first time in seven years.

  • LONDON, July 14- Anglo-Swedish pharmaceutical firm AstraZeneca said on Friday its chief executive, Pascal Soriot, would host a results call with reporters on July 27, after refusing to comment on speculation this week that he was leaving the firm. Shares in AstraZeneca, after falling on Thursday following the Israeli report, rose 4.6 percent on Friday to close at...

  • However, on a call with analysts, Chief Financial Officer Marianne Lake said net interest income for the full year would increase by $4 billion, rather than a $4.5 billion estimate given in April. Overall, JPMorgan's net income rose 13 percent to $7.03 billion, or $1.82 per share, from $6.2 billion, or $1.55 per share, in the year-ago quarter. Excluding a gain from a...

  • A forklift operator moves bottles of Poland Spring water at the Hollis facility in Hollis, Maine.

    U.S. business inventories rebounded in May as sales fell significantly.

  • NEW YORK, July 14- Growth fund managers who have long held shares in Tesla Inc said they were still confident in the electric car maker even after production problems sent the stock diving more than 15 percent from its all-time high. Fund managers from Janus Henderson, Baron, and Tanaka said they still believed in Tesla, whose pricey valuation and 51 percent gain...

  • July 14- Regional bank PNC Financial Services Group Inc reported a 12.1 percent rise in quarterly profit helped by higher interest income. Net income attributable to diluted common shares rose to $1.03 billion in the second quarter ended June 30, from $914 million a year earlier. Earnings per share rose to $2.10 from $1.82.

  • LONDON, July 14- Troubled construction services company Carillion lost its last "buy" rating when JPMorgan analysts cut the stock to "neutral" and slashed its price target, fueling further market turbulence on Thursday. The latest disclosure data from the UK's FCA shows that while some hedge funds have covered some bearish bets on the stock over the past few days,...

  • MILAN, July 14- Shares in doBank surged on their Milan market debut on Friday after an initial public offering that valued the Italian debt collector at 704 million euros. Italy's debt servicing industry is experiencing strong growth as the country's lenders face pressure from regulators to cut soured debts that rose to 349 billion euros due to a harsh...

  • LONDON, July 14- Shares in AstraZeneca fell for a second day on Friday as uncertainty over the future of Chief Executive Pascal Soriot weighed on the Anglo-Swedish company ahead of a crucial period. Shares in Astra closed down 3.5 percent on Thursday and were trading down a further 2.5 percent on Friday, at a two-month low, following an Israeli report late on...

  • July 13- Delta Air Lines Inc on Thursday reported a 21 percent drop in second-quarter profit because of sharply higher labor and fuel costs, despite higher passenger unit revenue, sending its shares down 2 percent. In the second quarter of 2017, net income fell to $1.22 billion, or $1.68 per share, in the quarter ended June 30, from $1.55 billion, or $2.03 per share, a...

  • JBS common shares rose as much as 9.7 percent to 7.24 reais, a one-month high, after Brazil's Regional Federal Court of the 1st Region overturned a ruling blocking the $300 million sale of a South American unit to rival Minerva SA. On Wednesday, J&F agreed to sell a controlling stake in Havaianas flip-flop maker Alpargatas SA to the investment firms of Brazil's...

  • *Sees 2nd- quarter profit above forecast range of $0.95- $1.15/ shr. *Had previously forecast low-single digit drop in comp sales. July 13- Target Corp forecast sales to increase for the first time in five quarters, thanks to improved customer traffic and sales trends, sending its shares up as much as 4.4 percent and pushing retail stocks higher.

  • July 13- Delta Air Lines Inc on Thursday reported a 21 percent drop in second-quarter profit because of sharply higher operating costs, despite higher passenger unit revenue, sending its shares down about 3 percent. In the second quarter of 2017, net income fell to $1.22 billion, or $1.68 per share, in the quarter ended June 30, from $1.55 billion, or $2.03 per share, a...

  • *Sees 2nd- qtr profit above forecast range of $0.95- $1.15/ shr. *Had previously forecast low-single digit drop in comp sales. July 13- Target Corp forecast sales to increase for the first time in five quarters, thanks to improved customer traffic and sales trends, sending its shares up as much as 4 percent and pushing retail stocks higher in early trading.

  • Yandex said in a statement on Thursday that Uber and Yandex Taxi would combine into a new company in Russia as well as in Azerbaijan, Armenia, Belarus and Kazakhstan. San Francisco- based Uber will invest $225 million in the new company and Yandex $100 million, putting its value at over $3.7 billion. In both Russia and China, Uber was having trouble competing against...

  • LONDON, July 13- Troubled construction services company Carillion lost its last "buy" rating when JPMorgan analysts cut the stock to "neutral" and slashed its price target, fuelling further market turbulence on Thursday. The latest disclosure data from the UK's FCA shows that while some hedge funds have covered some bearish bets on the stock over the past few days,...

  • LONDON, July 13- Shares in AstraZeneca fell more than 5 percent on Thursday after the company declined to deny a media report that Chief Executive Pascal Soriot was about to defect to Israel- based Teva Pharmaceutical Industries. Chief Financial Officer Eyal Desheh also resigned at the end of June. Teva's shares traded up 4 pct to 114.5 shekels in Tel Aviv.

  • LONDON, July 13- Shares in AstraZeneca fell more than 5 percent on Thursday after a media report said Chief Executive Pascal Soriot was about to defect to Israel- based Teva Pharmaceutical Industries. Chief Financial Officer Eyal Desheh also resigned at the end of June. Teva's shares traded up 4 pct to 114.5 shekels in Tel Aviv.