×

CNBC Utilities Page Companies

  • *Shares rise as much as 6.77 pct to $13.40. Shares of the company, which reported strong growth in ad revenue, rose as much as 6.77 percent to $13.40 in morning trading on Thursday. The Wall Street Journal has started laying off employees and reducing the number of sections in the newspaper, while the New York Times said in April it would shut some of its Paris...

  • Nov 3- U.S. auto-parts maker American Axle& Manufacturing Holdings Inc agreed to buy Metaldyne Performance Group Inc for about $1.6 billion in a cash-and-stock deal, a move that would help lower its dependence on General Motors Co.. Shares of Detroit- based American Axle, which was spun off from GM in 1994, were down 15.6 percent at $14.01, while Southfield,...

  • *Q3 adj profit $0.09/ share vs est loss 0.03/ share. Nov 3- U.S. natural gas producer Chesapeake Energy Corp reported a surprise adjusted profit, helped by lower expenses, and said it expects to exit the next two years at higher production rates. Shares of Chesapeake, which also kept its 2017 budget nearly unchanged, rose as much as 9 percent to $5.80 on Thursday.

  • Nov 3- Facebook Inc's shares fell as much as 5.5 percent in early trading on Thursday, wiping out about $20 billion of market value. Which makes the stock an even better buy, analysts said. But that was not enough for some investors, who drove down the stock to around $120 on Thursday, its lowest since July.

  • Nov 3- TreeHouse Foods Inc cut its full-year profit forecast, citing underperformance of its recently acquired private brands business, and said it would close a plant in British Columbia, sending its shares down as much as 22 percent. TreeHouse cut its full-year adjusted earnings forecast range to $2.80- $2.85 per share, from $3.00- $3.10. The company also said...

  • The company, whose shares were up 7.5 percent at $5.71 in premarket trading, said total operating expenses slumped nearly 63 percent in the third quarter ended Sept. 30. Chesapeake, which has been trying to reduce its crippling debt load, also said it was planning to sell more assets this year, including a portion of its Haynesville Shale acreage in Louisiana.

  • Nov 2- Facebook Inc shares tumbled more than 7 percent in after-hours trading on Wednesday after the company warned that revenue growth would slow this quarter, offsetting strong earnings that handily beat Wall Street estimates. In a call with analysts, Facebook Chief Financial Officer David Wehner said ad growth would likely slow "meaningfully" due to limits...

  • Nov 2- Whole Foods Market Inc on Wednesday said sales declines at established stores are easing and that its co-founder John Mackey will take over as the company's sole chief executive, sending its shares up nearly 4 percent after hours. The pioneering organic and natural food grocer said Walter Robb, who has split CEO duties with Mackey for six years, will step...

  • Nov 2- Facebook Inc on Thursday posted earnings growth that beat Wall Street's high expectations as the world's biggest online social network said daily mobile users exceeded the one billion mark for the first time. Mobile ads accounted for 84 percent of Facebook's total advertising revenue of $6.82 billion in the third quarter that ended Sept. 30, compared...

  • Nov 2- Whole Foods Market Inc on Wednesday reported a better than-expected profit for the fiscal fourth quarter and said declines in same-store sales are easing, sending its shares up 4.7 percent to $29.84 percent in extended trading. Whole Foods also said that Walter Robb will step down as co-Chief Executive Officer, shifting duties to John Mackey, the grocery...

  • SAN FRANCISCO, Nov 2- Bets against shares in Twilio Inc have climbed in recent days, thanks in part to a recent follow-on stock offer that increased the supply of shares available to traders. Twilio's shares were down about 5 percent in afternoon trading on Wednesday, adding to a recent sell-off in the San Francisco software company's stock following a June IPO...

  • *Third-quarter adjusted profit $0.73 vs estimate $0.81. The company's shares surged despite reporting disappointing results on Wednesday due to weather-reduced crops in South America, home to many of Bunge's elevators and processing plants. Bunge Chief Executive Soren Schroder said the company expects a "solid fourth quarter" and is confident about its...

  • The company earned $3.32 per share, excluding special items, in the third quarter ended Sept. 30, widely missing the average analyst estimate of $3.56, according to Thomson Reuters I/B/E/S. Allergan said on Wednesday it expanded its share buyback by $5 billion to $15 billion and also set its first-ever quarterly dividend. The Dublin- based drugmaker said it was...

  • Shares of the company, which owns HBO, CNN, Cartoon Network and the Warner Bros film studio, climbed 2 percent to $90 in premarket trading. Revenue from Warner Bros, the company's biggest unit by revenue, rose 6.7 percent to $3.4 billion in the third quarter ended Sept. 30, Time Warner said. Until "Suicide Squad", which hit movie screens in early August, Warner Bros has had...

  • *Same store sales in China recover. BERLIN, Nov 2- Shares in Hugo Boss rose nearly 7 percent on Wednesday after it announced a recovery in sales in China and higher cost savings as new boss Mark Langer sets out to revive the struggling German fashion house. Lahrs quit in February as Hugo Boss sales slumped in the United States and China, prompting new CEO Langer, the...

  • SAN FRANCISCO/ NEW YORK Nov 1- The long-awaited merger between Gannett Co Inc, the publisher of USA Today, and Tronc Inc, the publisher of the Chicago Tribune and the Los Angeles Times, fell apart on Tuesday after months of talks. Tronc, whose shares closed down more than 12 percent at $10.54, said on Tuesday that a deal was agreed upon in mid-September with Gannett, but...

  • TORONTO, Nov 1- Canada's main stock index ended barely lower on Tuesday as heavyweight financial and industrial stocks weighed and gold miners benefited from safe-haven demand for precious metals ahead of next week's U.S. election. Shares in Valeant Pharmaceuticals International Inc jumped 30.2 percent to C $31.18 after The Wall Street Journal reported...

  • SAN FRANCISCO, Nov 1- Shares of Tesla Motors Inc and SolarCity Corp tumbled on Tuesday ahead of expected financial details from the electric carmaker on a pending $2.6 billion merger that has been met with widespread investor skepticism. Shares of Tesla were down 4.1 percent in afternoon trading to $189.60 and shares of solar panel installer SolarCity were...

  • Chicago- based ADM and agribusiness rivals such as Bunge Ltd and Cargill Inc make money buying, selling, storing, transporting and processing grains and oilseeds around the world. Export sales of corn and soybeans from the United States, home to the bulk of ADM's assets, were well ahead of the normal pace in the third quarter due to crop shortages in South America.

  • TORONTO, Nov 1- Canada's main stock index rose on Tuesday as safe-haven demand for precious metals supported mining shares. The most influential movers on the index were Barrick Gold Corp, which jumped 4.1 percent to C $24.56, and Franco Nevada Corp, which advanced 2.5 percent to C $89.97. Canada's second-largest carrier reported a higher-than-expected...