CNBC Utilities Page Companies

  • DETROIT, July 28- Ford Motor Co reported weaker-than-expected profit in the second quarter and declared that the U.S. auto industry's long recovery was at an end, sending its stock and those of other auto companies tumbling. Ford shares slumped nearly 10 percent in morning trading on Thursday, after Chief Financial Officer Bob Shanks told reporters the U.S....

  • *Second-qtr adj. earnings $0.96/ shr vs est. Shares of MasterCard rose as mcuh as 3 percent to a near five-month high of $96.50 on Thursday. MasterCard's worldwide purchase volume rose 9 percent to $897 billion on a local currency basis in the second quarter.

  • The social networking giant beat market expectations for profit and revenue yet again in latest quarter, pushing up its shares to a record high on Thursday and allowing it to overtake Warren Buffett's Berkshire Hathaway Inc Inc as the fifth biggest U.S. company by market capitalization. Facebook's shares rose as much as 4 percent to $128.33, boosting its...

  • Potash plans to cut its quarterly dividend to 10 cents per share from 25 cents. Its shares fell 4.7 percent in New York and Toronto, and the U.S.-listed stock touched a two-week low of $16.32, down 40 percent in the past 12 months. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold...

  • RIO DE JANEIRO, July 28- Brazilian mining company Vale SA said on Thursday that second-quarter net income fell 34 percent as provisions for potential losses from the burst dam at its Samarco subsidiary and higher taxes undermined productivity gains. Net sales which is minus taxes also fell 5 percent to $6.63 billion as the average cost of iron ore for delivery...

  • Ray Dalio, Bridgewater Associates

    Billionaire Ray Dalio's hedge fund responds to a New York Times story that reported a culture of "fear and intimidation."

  • July 28- Oracle Corp said it would buy NetSuite Inc in a deal valued at about $9.3 billion to expand into the fast-growing cloud market. Netsuite shares rose 18.6 percent to $108.64 in premarket trading, just shy of the offer price of $109 per share. Oracle shares were up 1.6 percent at $41.6 in premarket trading.

  • July 28- TransCanada Corp, Canada's second-largest pipeline company, reported a 14.9 percent decline in quarterly profit due to costs related to its acquisition of Columbia Pipeline Group. Net income attributable to the company's common shares fell to C $365 million, or 52 Canadian cents per share, in the second quarter ended June 30 from C $429 million, or 60...

  • LONDON, July 28- European shares retreated on Thursday, weighed down by some weak corporate updates out from the likes of Dialog Semiconductor and oil major Royal Dutch Shell. Shares in British bank Lloyds also fell 3.4 percent after Lloyds warned of a likely drop in demand caused by Britain's vote to quit the European Union and added it would accelerate its...

  • July 27- Whole Foods Market Inc on Wednesday forecast current quarter earnings below Wall Street's estimate, sending its shares down about 2 percent in after-hours trading. The nation's largest natural and organic grocery chain forecast fiscal fourth-quarter earnings of 23 cents to 24 cents per share, below analysts' average profit estimate of 25 cents,...

  • July 27- Whole Foods Market Inc on Wednesday said sales at established stores declined for the fourth straight quarter, sending its shares down almost 5 percent in extended trading. Same-store sales for the third quarter ended July 3 fell 2.6 percent from a year earlier. Shares of Whole Foods slipped 4.9 percent to $32.01 in after-hours trading, and remained off...

  • Shares of the company, in which Deutsche Telekom holds a majority stake, rose as much as 2 percent to a nine-year high of $45.87 in morning trading on Wednesday. Under Chief Executive John Legere, T-Mobile has rolled out offers including free data for its users who play the popular smartphone game "Pokemon Go," its free video streaming service "BingeOn" and "T-Mobile...

  • Brian Roberts, chairman and chief executive officer of Comcast Corp.

    Comcast CEO Brian Roberts says an uptick in ad sales and the lowest net loss of video customers in a decade are good signs for TV.

  • July 27- Wall Street gave up early gains after disappointing earnings from Coca-Cola and weak oil prices offset a boost from Apple. However, Apple shares rose 6.7 percent to $103.09 after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. "The Fed clearly will not raise interest rates," said Chris...

  • Shares of the company, in which Deutsche Telekom holds a majority stake, rose as much as 2 percent to a nine-year high of $45.87 in morning trading on Wednesday. Under Chief Executive John Legere, T-Mobile has rolled out offers including free data for its users who play the popular smartphone game "Pokemon Go," its free video streaming service "BingeOn" and weekly...

  • TORONTO, July 27- Canada's main stock index rose on Wednesday as gold miners and other resource issues gained and investors bought shares of companies that reported stronger-than-expected results. But Toronto Star publisher Torstar Corp fell 3.6 percent to C $1.60 after reporting a wider loss and cutting their dividend. At 10:07 a.m. EDT, the Toronto Stock...

  • NEW YORK, July 27- Boeing Co on Wednesday reported a smaller-than-expected loss, sending its shares up 3 percent in early trading. "The Street's looking positively on the results because the loss was less than anticipated," said Jeff Windau, an analyst at Edward Jones in St. Louis. Shares rose as high as $139.39 before easing to $137.53, up 2 percent on the New York Stock...

  • "Strong performance in some of our largest and most developed markets, including the United States, Mexico and Japan, was offset by difficult external conditions in many of our emerging and developing markets, including China and Argentina," Chief Executive Muhtar Kent said in a statement. However, net income attributable to shareholders rose to $3.45 billion,...

  • *Apple shares soared more than 6 percent to $102.66 in premarket trading after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. *Traders have priced in a 19.5 percent chance of a rate increase in September and a 42.8 percent chance in December, according to CME Group's FedWatch tool.

  • The World Bank’s issued its latest set of forecasts for oil prices but interpreting the numbers may depend on your disposition.