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CNBC Utilities Page Companies

  • SYDNEY, March 3- The dollar clung to broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street's party as the reality of rising borrowing costs began to sink in. Asian markets were mostly lower, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.9 percent...

  • SYDNEY, March 3- The dollar held broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street's party as the reality of rising borrowing costs began to sink in. Asian stock markets were mostly lower, with MSCI's broadest index of Asia-Pacific shares outside Japan off 0.9 percent...

  • *Financial stocks lead S&P losers. *Snapchat owner Snap Inc surges in debut. March 2- U.S. stocks retreated on Thursday, led by financial stocks, while Caterpillar shares dropped following news that federal officials searched its Illinois facilities.

  • SAO PAULO, March 2- Shares of Ambev SA tumbled on Thursday after the drinks company reported weak quarterly earnings, hit by declining sales and rising costs in its main market of Brazil, where it hopes for a rebound as economic conditions improve. "We are nothing but disappointed with our performance in Brazil," Chief Financial Officer Ricardo Rittes said in a...

  • TORONTO, March 2- Canada's benchmark stock index eked out a small gain in morning trade on Thursday as shares of a major oil producer surged on a strong earnings report, helping offset weakness among gold miners. At 10:53 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 12.41 points, or 0.08 percent, to 15,612.09. Toronto-Dominion Bank,...

  • The company's shares rose 3.2 percent to $12.06 in premarket trading. The company said it closed 54 stores, mainly in the United States, in 2016 and that it would shutter 60 stores this year. Net income attributable to the company fell to $48.8 million, or 71 cents per share, in the fourth quarter ended Jan. 28, from $57.7 million, or 85 cents per share.

  • DETROIT, March 1- February U.S. auto sales, an indicator of consumer spending, fell slightly even as automakers stepped up discounting to sustain sales, major manufacturers reported on Wednesday. Shares in the Detroit automakers, General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV all rose as the broader market soared more than 1 percent.

  • *Shares rise as much as 11.4 pct to $82.85. March 1- Lowe's Cos Inc forecast 2017 sales that topped estimates and reported better-than-expected quarterly comparable sales and profit, helped by a robust housing market that encouraged Americans to spruce up their homes or buy new ones. Shares of the No. 2 U.S. home improvement retailer rose as much as 11.4 percent to...

  • *Q4 adj. profit 86 cents/ shr vs. est. March 1- Lowe's Cos Inc forecast 2017 sales ahead of analysts' estimates and reported better-than-expected quarterly comparable-store sales as consumers continued to spruce up their homes or buy new ones. Homebuilding in the United States jumped 11.3 percent in December as a firming economy and higher wages due to a...

  • March 1- Lowe's Cos Inc forecast 2017 sales ahead of analysts' estimates and reported better-than-expected quarterly comparable-store sales as the company benefited from a strong housing market in the United States. Homebuilding in the United States jumped 11.3 percent in December as a firming economy and higher wages due to a tightening labor market...

  • LONDON, March 1- Weak performances in some of its funds and writedowns linked to earlier acquisitions dragged Man Group to a full-year loss, knocking the British hedge fund firm's shares and leading some analysts to question its decisions. Chief Executive Luke Ellis said on Wednesday Man Group had "found it difficult to generate performance for clients and...

  • *Q1 profit forecast 25- 26 cents/ shr vs est 30 cents/ shr. The company said it expects first-quarter adjusted profit of 25 cents to 26 cents per share. Analysts were expecting a profit of 30 cents per share, according to Thomson Reuters I/B/E/S.

  • *Q1 profit forecast 25- 26 cents/ shr vs est 30 cents/ shr. The company said it expects first-quarter adjusted profit of 25 cents- 26 cents per share. The company raised its full-year revenue guidance slightly to $10.15 billion- $10.20 billion, up from its previous range of $10.1 billion- $10.15 billion.

  • TORONTO, Feb 28- Canada's benchmark stock index rose in morning trade on Tuesday, boosted by a jump in shares of a major bank and strong gains for gold miners as the precious metal held near a 3-1/ 2- month high. At 10:15 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 53.09 points, or 0.34 percent, at 15,516.60. Barrick Gold Corp rose 3.1 percent to C...

  • Feb 28- OneWeb Ltd, a U.S. satellite startup backed by Japan's SoftBank Group Corp, and debt-laden satellite operator Intelsat SA agreed to merge in a share-for-share deal on Tuesday. Shares of Intelsat, which has a market value of about $630 million, were down 8 percent to $5.40 in premarket trading. The merger will allow Luxembourg- based Intelsat, a satellite...

  • Startup

    Savvy investors may want to try to cash in on the hot start-up market, but experts advise careful consideration of its elevated risks.

  • TOKYO, Feb 28- Asian shares edged up on Tuesday, on track for a winning month and bolstered by gains on Wall Street as investors awaited a speech by U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, up 3.6 percent this month nearly 10 percent for the year so far. Australia's S&P/ASX 200 index was up 0.4 percent as financial shares...

  • BUDAPEST, Feb 27- Hungarian stocks rebounded on Monday after two days of retreat from record highs for Budapest's main stock index, in the first session of a week loaded with economic data releases. Heavily weighted Central European bank stocks were mixed but shares in Hungary's biggest lender, OTP firmed half a percent, after a plunge from almost 10- year highs...

  • 8 x8 shares rose as much as 14 percent on the news and ended trading up 10 percent at $16.15 in New York on Friday, giving the company a market capitalization of close to $1.5 billion. Based in San Jose, California, 8 x8 competes with companies in the so-called voice over internet protocol sector, including RingCentral Inc, Vonage Holdings Corp and Shoretel Inc..

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell by 3 percent on Friday as the lender returned to profit but held off on paying a dividend as it grapples with costs from Chief Executive Bill Winters's restructuring program.