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CNBC Utilities Page Companies

  • March 13- Restaurant operator Ruby Tuesday Inc said on Monday it would explore strategic alternatives, including a potential sale or merger sending its shares up after the bell. The company's shares rose about 14 percent to $1.99 in extended trading. The company, which also expects third-quarter comparable sales to decline 4 percent, retained UBS as its...

  • sale@ SAO PAULO, March 13- Brazilian stocks rose on Monday, with shares of power utility Cia Energética de Minas Gerais SA among the biggest gainers after Reuters reported plans to sell a majority stake in two main units. Preferred shares in Cemig, as the power firm is known, rose as much as 6.3 percent following the report before paring gains to around 4.5 percent.

  • HONG KONG, March 13- Insurer AIA Group Ltd' s new CEO, Ng Keng Hooi, will have big shoes to fill as the group faces the prospect of slower growth and digital disruption in some of its key Asian markets, industry insiders and analysts said on Monday. The group's shares fell 3.3 percent on Monday afternoon in Hong Kong as investors digested the news that current CEO Mark...

  • HONG KONG, March 13- Insurer AIA Group Ltd shares fell 2.8 percent on Monday morning in Hong Kong as investors digested the news that chief executive Mark Tucker will be retiring in September after what was regarded as a stellar seven-year stint at the helm. A one-time professional footballer who has held several leadership jobs including running Britain's...

  • TORONTO, March 10- Canada's main stock index ended barely higher on Friday as sharp gains for gold miners were overshadowed by a slump in shares of Toronto-Dominion Bank after a report it pressured employees to meet high sales revenue goals. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 9.84 points, or 0.06 percent, at 15,506.68.

  • TORONTO, March 10- Canada's benchmark stock index slipped in afternoon trade on Friday, with shares in Toronto-Dominion Bank falling sharply after CBC News reported that employees of the bank were being pressured to meet high sales revenue goals, traders said. Shares in TD, Canada's No. 2 lender, fell as much as 5.3 percent to C $66.21, its biggest one-day decline...

  • TORONTO, March 10- Canada's main stock index turned negative in mid-morning trade on Friday, with shares in Toronto-Dominion Bank falling sharply on reports of employees admitting to breaking the law under pressure to meet sales targets. The bank, one of Canada's biggest, was last down 2.7 percent at C $67.97, after CBC said hundreds of current and former TD...

  • Business hanging folder labled Taxes

    Matthew Gardner, Institute on Taxation and Economic Policy senior fellow, discusses his new report that says many major companies are paying much lower corporate tax rates or nothing at all in taxes.

  • NEW YORK, March 9- American Airlines Group Inc on Thursday became the second major U.S. airline this week to lower guidance on a closely watched revenue metric, sending shares of several major carriers lower. However, analysts said the forecasts for lower unit revenue at American and Delta Air Lines Inc had different causes, and were not a sign that the air travel...

  • March 9- American International Group Inc said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer's board of directors. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him. AIG's shares were down 0.4...

  • *Crude prices slide further, with U.S. oil below $50. Rising expectations the Fed will boost rates on March 15 lifted financial shares whose gains led major indices in Europe to close higher with the exception of the mining- and energy-rich FTSE 100 in London, which fell 0.27 percent. The FTSEurofirst 300 index of leading regional shares in Europe closed up 0.1...

  • March 9- American International Group Inc said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer's board of directors. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him. AIG's shares were down 0.25...

  • The company, which also has interests in iron ore, said headline earnings per share jumped to 1,302 South African cents last year from 457 cents in 2015.. A gross final cash dividend of 410 cents was declared, up from the 85 cents per share paid out last year. Shares in Exxaro were down 1.45 percent at 112,235 rand by 1032 GMT.

  • *Energy shares in China, HK drop after oil price plunge. SHANGHAI, March 9- Benchmark stock indexes in China and Hong Kong fell on Thursday as a plunge in oil prices weighed on energy sector shares, and as global investors turned cautious ahead of a widely expected hike in U.S. interest rates next week. Shares fell across the board in China and Hong Kong, with the energy...

  • SAN FRANCISCO, March 8- Shares of Snap Inc bounced back on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. Traders betting against Snap on Wednesday added less than $50 million in new short sales of its stock, a slower pace than the day before, when initial short bets jumped to $300 million, according to S3...

  • SAN FRANCISCO, March 8- Shares of Snap Inc rebounded on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. Traders betting against Snap on Wednesday added less than $50 million in new short sales of its stock, a slower pace than the day before, when initial short bets jumped to $300 million, according to S3...

  • BOSTON, March 8- Billionaire investor David Tepper, whose views on markets and stocks are closely watched by other money managers, said on Wednesday he bought shares of Snap Inc in its initial public offering, sold some, and would buy again if the price dropped. The highly anticipated $3.4 billion offering was the biggest U.S. technology IPO since Alibaba Group...

  • TORONTO, March 8- Canada's main stock index fell on Wednesday as lower commodity prices weighed on the shares of energy and mining companies, offsetting gains for the financial services sector as bond yields climbed. The Toronto Stock Exchange's S&P/TSX composite index was down 17.67 points, or 0.11 percent, at 15,591.11, shortly after the open.

  • March 8- Hong Kong shares extended gains for a third day on Wednesday, helped by strength in mainland property developers, as well as a jump in ZTE Corp after the Chinese telecom equipment maker agreed to plead guilty in a U.S. sanctions case. The benchmark Hang Seng index added 0.4 percent, to 23,782.27, while the Hong Kong China Enterprises Index gained 0.5 percent,...

  • But Hong Kong shares were on track to rise for the third straight day, inspired by a second-day surge in mainland developers, as well as a jump in ZTE Corp after the Chinese telecom equipment maker settled with the U.S. government on charges in connection with exports to Iran and North Korea. China's upbeat monthly trade data, which came during China's midday...