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CNBC Utilities Page Companies

  • 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...

  • 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. MSCI's broadest index of Asia-Pacific shares outside Japan extended early...

  • TOKYO, Sept 1- Asian shares dipped on Thursday after lower crude oil prices dented Wall Street, as markets waited to see if U.S. employment data could put the Federal Reserve on track to hike interest rates. "This is setting up to be another difficult session for Asia-Pacific markets," Angus Nicholson, market analyst at IG in Melbourne, wrote in a note.

  • Seth Linden, president of Dukas Linden Public Relations, says the Brexit vote took many by surprise and U.S. firms should learn from this ahead of the presidential election.

  • SHANGHAI, Aug 31- China stocks firmed on Wednesday as the earnings season drew to a close, with interim results wrong-footing pessimists amid signs that state-backed investors have bought blue-chip shares in a bid to help stabilize the market. "Everyone is saying the economy is lousy, but if you look at listed companies results, they're not as bad as some had...

  • NEW YORK, Aug 30- U.S. stocks fell on Tuesday after stronger-than-expected U.S. consumer confidence data stoked worries about a potential Federal Reserve interest rate hike this year, while European shares gained and the dollar climbed. Fed Vice Chairman Stanley Fischer, in an interview with Bloomberg TV on Tuesday, said the U.S. job market is close to full...

  • TORONTO, Aug 30- Canada's main stock index rose in early trade on Tuesday, boosted by a rebound in energy stocks and further gains for financials, while a report of a possible merger sent shares of two fertilizer companies soaring. Shares of fertilizer companies Potash Corp and Agrium Inc jumped after Bloomberg reported that the two are in talks to merge.