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CNBC Utilities Page Companies

  • Shares of Kohl's were up about 2 percent at $42.55 in premarket trading. "We saw improvement in merchandise margin, and our team continued to manage inventory and expenses extremely well," Kohl's Chief Executive Kevin Mansell said in a statement. Kohl's said on Thursday that its full-year sales could fall 1.3 percent or grow 0.7 percent, which translates to sales...

  • SYDNEY/ WELLINGTON Feb 23- Qantas Airways Ltd and Air New Zealand Ltd reported first-half profit declines as an expansion in capacity by rivals hit international airfares, but both airlines said they expect the fierce competition to moderate. Shares in the carriers climbed as Air New Zealand said it was already seeing a reduction in flights by Chinese...

  • TORONTO, Feb 22- Canada's main stock index fell the most in three weeks on Wednesday, pulling back from a record high set the day before, as lower commodity prices weighed on shares of energy and materials companies. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 92.15 points, or 0.58 percent, at 15,830.22. Six of the index's 10 main...

  • SAN FRANCISCO, Feb 22- Shares of Tesla were down almost 1 percent on Wednesday ahead of the electric car maker's first quarterly report following its $2.6 billion acquisition of solar panel installer SolarCity. Wall Street estimates for Tesla's fourth-quarter loss per share vary widely, potentially due in part to the deal. More recently, the Silicon Valley...

  • TORONTO, Feb 22- Canada's main stock index fell on Wednesday, pulling back from a record high hit the day before, as lower commodity prices weighed on shares of energy and materials companies and domestic retail sales fell the most in nine months. At 11:03 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index fell 43.87 points, or 0.28 percent, to 15,878.50.

  • TORONTO, Feb 22- Canada's main stock index fell on Wednesday, pulling back from a record high the day before, as lower oil prices weighed on the shares of energy companies. The Toronto Stock Exchange's S&P/TSX composite index was down 26.47 points, or 0.17 percent, at 15,895.90, shortly after the open. Eight of the index's 10 main groups were lower.

  • As the most exposed among the major British banks to any downturn in the British economy, with 97 percent of its business in the UK, Lloyds has confounded expectations that last year's vote to quit the European Union would squeeze profits. Shares in Britain's biggest mortgage lender rose 3.8 percent by 0902 GMT, the best performing stock in the benchmark FTSE 100...

  • SHANGHAI, Feb 22- China's main share indexes rose for a third day on Wednesday to approach three-month highs, though gains were capped as speculators sold some recently-listed financial sector stocks. Shares in Jiangsu Wujiang Rural Commercial Bank tumbled 9.1 percent, the biggest one-day since it was listed in late November. Real estate stocks barely moved...

  • Feb 21- Tribune Media Co, one of the largest U.S. television station operators, said on Tuesday that activist investor Starboard Value LP had taken a 6.6 percent stake in the company. Tribune's shares were up nearly 2.5 percent at $34.54 in trading after the bell. Tribune had hired investment banks Moelis& Co and Guggenheim Securities as financial advisers early...

  • Feb 21- Drugmaker Bristol-Myers Squibb Co said on Tuesday it appointed three directors to its board in an agreement with JANA Partners LLC, an activist investor holding less than 1 percent of the company's stock. The stock fell 1.8 percent to $53.59 on Tuesday. New York- based JANA owned 3.9 million shares of Bristol-Myers as of Dec. 31, a $226 million stake well...

  • CHICAGO, Feb 21- Wal-Mart Stores Inc on Tuesday reported higher-than-expected U.S. sales, helped by more customer visits to its stores and accelerating online activity, and shares of the world's largest retailer rose more than 3 percent. Wal-Mart said it expected earnings per share of 90 cents to $1 for the current quarter and $4.20 to $4.40 for this fiscal year.

  • Feb 21- Chemical maker Tronox Ltd said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, with a $1.67 billion deal. Shares of the company were up 4 percent in premarket trading on Tuesday. Credit Suisse was Tronox's financial adviser, while Kirkland& Ellis LLP and Willkie Farr& Gallagher LLP were its legal advisers.

  • Feb 21- Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. Verizon's shares rose 0.6 percent to $49.50 in early trading, while Yahoo's shares were up 0.3 percent at $45.25. Yahoo, however, will continue to be...

  • CHICAGO, Feb 21- Wal-Mart Stores Inc on Tuesday reported higher-than-expected U.S. sales, helped by more customer visits to stores and accelerating online activity, and the world's largest retailer's shares rose more than 3 percent. Net income attributable to Wal-Mart fell to $3.76 billion in the fourth quarter ended Jan. 31 from $4.57 billion a year earlier,...

  • *Q4 sales $22.21 bln vs est $21.81 bln. *Q4 adj profit $1.44/ shr vs est $1.34/ shr. Shares of the company, which also forecast 2017 sales ahead of Wall Street estimates, were up 1.8 percent at $145.59 in premarket trading on Tuesday.

  • HONG KONG/ LONDON, Feb 21- Annual profit at HSBC Holdings slumped 62 percent and fell far short of analysts' estimates as Europe's largest bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015, underscoring the challenge the bank...

  • LONDON, Feb 21- Outsourcing group Capita, under pressure from a slowdown in demand from customers, said it had written off the value of a number of historic contracts, sending its shares down over 4 percent. Shares in the group, which said it was otherwise trading in line with the guidance it gave in December, were down 21 pence at 491 pence at 0806 GMT.

  • Samsung Group chief, Jay Y. Lee, leaves after attending a court hearing to review a detention warrant request against him at the Seoul Central District Court in Seoul, South Korea, January 18, 2017.

    The downfall of Samsung vice chairman Lee Jae-Yong may inflict more damage on the conglomerate's reputation than its financial performance.

  • proposal@ SAO PAULO, Feb 20- Brazilian stocks rose to a nearly six-year high on Monday after miner Vale SA unveiled a proposal to become a company with no defined controlling shareholders. Shares in Bradespar, a key shareholder in holding company Valepar SA, posted their biggest intraday jump ever, adding as much as 20 percent, but ended the day up 0.40 percent.

  • SAO PAULO, Feb 20- Brazilian stocks rose on Monday after miner Vale SA unveiled a proposal to become a company with no defined controlling shareholders. Shares of Vale added the most points to Brazil's benchmark Bovespa stock index, which rose 0.9 percent. Shares in Bradespar, a key shareholder in holding company Valepar SA, posted their biggest intraday jump...