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CNBC Utilities Page Companies

  • Jude Medical Inc on Wednesday filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd, saying they intentionally disseminated false information about its heart devices to manipulate its stock. Jude's shares fell sharply on Aug. 25 after Muddy Waters, run by Carson Block, said it had taken a short position in...

  • NEW YORK, Sept 7- Activist investor Blue Harbour's main fund has risen 6.3 percent year to date, boosted in part by a surge in cloud services provider Rackspace Hosting Inc's shares, according to people familiar with the matter. The company said on Aug. 26 that it agreed to be acquired by Apollo Global Management for $4.3 billion. Blue Harbour manages $3.3 billion.

  • *Drug's efficacy better than expected- Leerink Partners. Sept 7- Retrophin Inc said its drug to treat a rare kidney disorder was found effective in a mid-stage study, sending the company's shares up 25 percent in premarket trading on Wednesday. Sparsentan's efficacy was better than expected and at the high end of what other drugs in its class have shown in similar...

  • Jude Medical Inc said on Wednesday it had filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd alleging they intentionally disseminated false and misleading information in order to lower the value of St. Jude's shares fell sharply on Aug. 25 after Muddy Waters, run by Carson Block, said it had taken a short...

  • Sept 7- Retrophin Inc said its drug to treat a rare kidney disorder met the main goal of a mid-stage study, sending the company's shares up nearly 35 percent in premarket trading on Wednesday. There is no specific treatment for FSGS, which affects up to 40,000 patients in the United States and is similarly prevalent in Europe. Retrophin shares were up 33.6 percent...

  • pumpjack, oil

    EOG Resources said it would buy Yates Petroleum for $2.5 billion, the latest move by a U.S. energy firm to acquire acreage in the Permian Basin.

  • Sept 6- EOG Resources Inc said on Tuesday it would buy privately held Yates Petroleum Corp for $2.5 billion in stock and cash, in the latest move by a U.S. energy company to acquire acreage in the Permian Basin, one of the country's most cost-effective oil fields. EOG's shares rose more than 6 percent to $94.40 early Tuesday afternoon as analysts said the deal was...

  • *Drug fails late-stage trial for fibromyalgia. Sept 6- Tonix Pharmaceuticals Holding Corp said it would stop developing its drug for fibromyalgia after the treatment failed in a late-stage trial, sending its shares down nearly 60 percent. The drug has shown a stronger effect on PTSD patients than on those suffering from fibromyalgia, Chief Executive Seth...

  • TORONTO, Sept 6- Canada's main stock index dipped on Tuesday as losses for the financial and industrial groups offset gains for mining stocks, while news of an acquisition boosted shares of the country's largest pipeline company. Enbridge Inc gained 3.7 percent to C $55.23 after saying it would buy Spectra Energy Corp in an all-stock deal valued at about C $37...

  • SAO PAULO, Sept 5- Most Latin American stocks inched up on Monday, supported by higher crude prices and expectations of low U.S. interest rates, though trading volumes were thin due to the Labor Day holiday in the United States. Higher oil prices also supported demand for shares of oil companies, with stocks of Brazil's state-owned Petróleo Brasileiro SA the...

  • Chinese internet search giant Baidu is eyeing Europe as a potential playground despite the uncertainty posed by Brexit and Apple’s tax troubles.

  • TOKYO, Sept 5- Asian shares rose on Monday, getting a tailwind from gains on Wall Street after a weaker-than-expected U.S. jobs report prompted markets to trim expectations that the Federal Reserve would hike interest rates as early as this month. "What matters is not whether the markets think that was a strong jobs number, but whether Fed policymakers do," said...

  • But the Brazilian real had a somewhat volatile session as many traders worried that President Michel Temer could face difficulties gathering support for austerity measures in Congress. Brazilian shares, however, jumped almost 2 percent as blue-chip stocks such as state-controlled oil company Petróleo Brasileiro SA and lenders Itaú Unibanco SA and...

  • TORONTO, Sept 1- Canadian yoga wear retailer Lululemon Athletica Inc reported comparable sales growth that fell short of analyst estimates, sending shares down nearly 9 percent on Thursday even as earnings were in line with expectations. Baird Equity Research analyst Mark Altschwager said the comparable sales miss would likely "fuel investor anxiety" given...

  • TORONTO, Sept 1- Canadian yoga wear retailer Lululemon Athletica Inc reported an increase in quarterly earnings on Thursday as sales rose, but its shares fell after it forecast earnings in the current quarter would be at or below consensus. The Vancouver- based company forecast fiscal third-quarter earnings between 42 cents and 44 cents a share.

  • NEW YORK, Sept 1- U.S. and European shares slipped on Thursday after a report showing weakness in U.S. manufacturing last month added to uncertainty ahead of Friday's monthly U.S. jobs data, while oil prices tumbled and the dollar dipped. The Institute for Supply Management said its purchasing managers' index fell to 49.4 in August, below expectations of...

  • NEW YORK, Sept 1- U.S. and European shares slipped on Thursday after a report showing weakness in U.S. manufacturing last month added to uncertainty ahead of Friday's monthly U.S. jobs data, while oil prices tumbled and the dollar dipped. The Institute for Supply Management said its purchasing managers' index fell to 49.4 in August, below expectations of...

  • TOKYO, Sept 1- Asian shares dipped on Thursday after lower crude oil prices dented Wall Street and a pair of Chinese manufacturing surveys did little to inspire investors as markets waited to see if U.S. employment data could put the Federal Reserve on track to hike interest rates. Financial spreadbetter CMC Markets expected Britain's FTSE 100, Germany's DAX...

  • *SSEC -0.2 pct, CSI300 -0.3 pct, HSI +0.5 pct. SHANGHAI, Sept 1- China stocks fell on Thursday as investors sold real estate stocks following official August purchasing managers' index data showing activity slowing in the construction sector. This was entirely due to a fall in the construction sector sub-index, "wrote Julian Evans-Pritchard, China economist at...

  • TAIPEI, Sept 1- Taiwan stocks fell on Thursday, tracking declines in overseas markets, with selling led by heavyweights in the financial sector. Shares in Mega Financial Holding Co Ltd, which closed down for nine in 10 trading sessions, slipped 1.9 percent early in the trade, following its chairman's resignation on Wednesday. Shiu Kuang- si resigned from all his...