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CNBC Utilities Page Companies

  • Dec 14- Express Scripts Holding Co, the largest pharmacy benefit manager in the United States, said the conversation about drug pricing isn't going away, about a week after President-elect Donald Trump vowed to bring down prices. Shares of the company, which also signaled it was engaged in M&A discussions, were down 4 percent at $70.10 on Wednesday.

  • SEATTLE, Dec 12- Boeing Co said on Monday that it will cut production of its twin-aisle 777 jetliner to five a month in August 2017, a 40- percent reduction from the current rate of 8.3 a month. Chief Executive Dennis Muilenburg said in October that the company may ratchet production down further, but not to fewer than five planes a month. Boeing shares initially fell...

  • *Viacom down after Redstones withdraw CBS merger approval. NEW YORK, Dec 12- The S&P 500 and Nasdaq Composite fell on Monday after six sessions of gains, weighed by tech sector stocks, while a rally in energy shares petered out as crude oil gains withered. The chances that the U.S. central bank will not raise rates is "close to zero, but it's not zero," said Kim Forrest,...

  • *Shares soar 76.19 pct to $9.25 in morning trade. Dec 12- Achaogen Inc's lead antibiotic was successful in two key studies, spurring the company to proceed with regulatory submissions in the United States and Europe, and shares soared 76 percent to their highest in more than a year and half. Data shows there were about 65,000-75,000 cases of CRE in the United States...

  • TORONTO, Dec 12- A surge in shares of energy companies helped push Canada's main stock index higher on Monday as crude prices jumped on a deal to cut production. At 10:06 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index rose 32.59 points, or 0.21 percent, to 15,344.79. The energy group, which accounts for more than a fifth of the index's weight, climbed...

  • Dec 12- Chipotle Mexican Grill Inc, which is struggling to recover from a string of food safety lapses, said on Monday Steve Ells would be its sole chief executive after Monty Moran stepped down as co-CEO. The burrito chain's shares were up almost 2 percent at $376.99 in morning trading on Monday. "Given the ongoing challenges facing the company, the board felt...

  • Alexion's shares were down 13.3 percent at $114.80 in premarket trading on Monday. The company said David Hallal had resigned as CEO and that it had named David Brennan, board member and former AstraZeneca Plc chief, as his interim replacement. The company also said Chief Financial Officer Vikas Sinha left to pursue other opportunities and would be succeeded...

  • TOKYO, Dec 12- Japan's Nikkei share average rose to a fresh one-year high on Monday morning helped by strong Wall Street performance and a weak yen, while investors picked up defensive stocks that were lagging behind in the recent rally. Shares in the food sector and other defensive stocks staged a rally as traders say investors are picking up shares in sectors...

  • Dec 9- European pay-TV group Sky Plc said on Friday it had received a takeover approach from Rupert Murdoch's Twenty-First Century Fox Inc, the company's largest shareholder. Sky's shares were up 26 percent at 10 pounds in late trading in London, while Fox's shares were up 4.3 percent. Fox Chief Executive James Murdoch was named chairman of Sky this year, fueling...

  • Dec 9- Shares of Athene Holding Ltd jumped as much as 9.2 percent in their debut on Friday, valuing the fixed annuity service provider at about $8.25 billion in the year's largest financial IPO. Bermuda- based Athene, which is backed by private equity firm Apollo Global Management LLC, said on Thursday that 27 million class A shares had been priced at $40 each.

  • Dec 9- American Airlines Group Inc said higher average fares per mile have boosted its revenue and profit expectations for the fourth quarter, a day after rival United Continental Holdings Inc also raised forecasts. Shares of top U.S. airlines rose on Friday, with American's up 4 percent and United's up 4.2 percent. "United provided a solid upward guide to Q4...

  • TORONTO, Dec 9- Canada's main stock index extended a 19- month high on Friday and was heading for a 1.8 percent jump over the week as heavyweight energy and bank stocks gained with rising oil prices and bond yields. Cenovus Energy Inc added 1.6 percent to C $20.81 a day after it said it planned to increase its 2017 capital budget by about 24 percent and resume work on...

  • Dec 9- Coca-Cola Co said Muhtar Kent would step aside as chief executive on May 1 after about nine years at the helm, and be replaced by Chief Operating Officer James Quincey. His appointment as CEO was given a vote of confidence by Warren Buffett, CEO of Berkshire Hathaway Inc, which is Coca Cola's largest shareholder. The company's shares were up 1.4 percent at...

  • Dec 8- Macau was preparing to slash in half the amount of cash China UnionPay bank card holders can withdraw from ATM machines in the city, the South China Morning Post reported, citing a finance industry source, sending shares of U.S. casino operators down. Macau accounts for a substantial portion of U.S. casino operators' annual revenue. The move would cut the daily...

  • The announcement that KKR-controlled Acceleratio Capital NV would offer 43.50 euros per share in cash for all outstanding GfK shares sent shares in the German company surging 30 percent. GfK Verein, GfK's majority shareholder with 56.46 percent, will keep its stake and has signed a shareholder agreement with Acceleratio Capital, outlining how they will...

  • TORONTO, Dec 7- Canadian yoga and leisure apparel retailer Lululemon Athletica Inc on Wednesday reported quarterly profit that beat analysts' forecasts, helped by higher-than-expected gross margins and sales. "We continue to be on track with our five-year plan of doubling our revenue and more than doubling our earnings," said chief executive Laurent Potdevin.

  • TORONTO, Dec 7- Canadian yoga and leisure apparel retailer Lululemon Athletica Inc reported quarterly profit that beat analysts' forecasts on Wednesday, helped by higher-than-expected gross margins and sales, sending shares up 10 percent in extended trade. Net income rose to $68.3 million, or 50 cents per share in the third quarter ended October 30, from $53.2...

  • SHARES OF MEXICO'S ICA RISE MORE THAN 14 PCT FOLLOWING PRESENTATION OF BID FOR NEW MEXICO CITY AIRPORT TERMINAL.

  • NEW YORK, Dec 7- President-elect Donald Trump on Wednesday took aim at drugmakers, promising in a magazine interview that "I'm going to bring down drug prices," and shares of U.S. pharmaceutical and biotechnology companies fell. In a cover story for Time magazine, which named him its Person of the Year, Trump said that "I don't like what has happened with drug prices."

  • NEW YORK, Dec 7- Shares of U.S. pharmaceutical and biotechnology companies tumbled on Wednesday after President-elect Donald Trump said he would "bring down drug prices." In a cover article for Time magazine, which named Trump as Person of the Year, he said "I don't like what has happened with drug prices. Investors were relieved that Trump's rival, Democrat Hillary...