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CNBC Utilities Page Companies

  • TOKYO, Dec 7- Shares of SoftBank Corp soared to their highest level in more than a year on Wednesday after Chief Executive Masayoshi Son said he would invest $50 billion in U.S. businesses. President-elect Donald Trump in New York. SoftBank rose as much as 5.1 percent to 7,311 yen, the highest since August 2015.

  • Dec 6- Wells Fargo& Co will see a near term profit hit because of the sharp rise in interest rates, Chief Executive Officer Tim Sloan said on Tuesday. Wells Fargo shares are up some 23 percent over the same period. While Sloan did not specify the size of the hedging losses, he pointed for comparison to a $379 million first quarter hedging gain because of interest rates...

  • The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering on April 1, 2015 in New York City.

    U.S.-based website domain name provider GoDaddy said it would buy peer Host Europe Group as it looks to expand beyond the initial set-up of websites.

  • *Foreign firms keen on buying govt stakes in Vietnam brewers. HANOI, Dec 6- Shares of state-controlled Sabeco, Vietnam's biggest brewer, jumped the maximum allowed 20 percent upon listing on Tuesday as investors craved exposure to the dominant player in one of Asia's most sought-after beer markets. The market value of Saigon Beer, Alcohol, Beverage Corporation...

  • India's short-term growth is expected to slow as consumption falls but experts predict a strong rebound in fiscal 2018.

  • "Our North America- to- Hawaii business is very strong at the moment, and we're seeing a lot of bookings for the Hawaii vacation out of North America," Chief Executive Officer Mark Dunkerley said in an interview. Hawaiian shares rose more than 5 percent to hit a record high of $53.90, before paring gains and closing at $51.85. Hawaiian also announced on Monday its...

  • TORONTO, Dec 5- Canada's main stock index rose on Monday as shares in energy companies were boosted by further gains oil prices after last week's OPEC agreement to limit production. Barrick Gold Corp fell 3.3 percent to C $20.12 and Kinross Gold Corp lost 6.3 percent to C $4.32, while Royal Bank of Canada rose 0.5 percent to C $88.17 and Toronto-Dominion Bank added...

  • OSLO, Dec 5- Budget carrier Norwegian Air Shuttle aims to order more aircraft from producers Boeing and Airbus after its Irish subsidiary received long-awaited flying rights from U.S. authorities, the company's Chief Executive told Reuters. "There is no doubt we'll need even more planes after this," Bjoern Kjos said in an interview. Shares of Norwegian Air jumped...

  • SYDNEY, Dec 5- The euro sank to 20- months lows in Asia on Monday after Italian Prime Minister Matteo Renzi said he would resign in the wake of a stinging defeat on constitutional reform that could destabilize the country's shaky banking system. The single currency dived as far as $1.0505 in thin trade, after starting around $1.0645 earlier.

  • *Dubai outperforms as it catches up with region. DUBAI, Dec 4- Most stock markets in the Gulf rose on Sunday as investors cheered a rally in crude oil prices, while foreign buyers continued to support Egypt's index. But a string of positive events over the last several weeks- principally the government's $17.5 billion international bond sale, its promise to settle...

  • SAO PAULO, Dec 2- Shares in Braskem SA soared 10 percent in their biggest intraday gain in more than two months on Friday after Latin America's largest petrochemical firm said it is in advanced talks with authorities in Brazil and the United States for a leniency agreement related to a massive corruption scandal. On Thursday, Braskem's parent Odebrecht SA...

  • BUZZ-AMBARELLA INC: BIGGEST PCT LOSS IN MORE THAN 8 MONTHS@** Video processing chip maker's shares down as. much as 9.53 pct at $55.5; biggest intraday pct loss in more than 8 months. **At least 3 brokerages cut PTs; Roth Capital makes the biggest cut by $10 to $70; median PT is $75.

  • SHARES IN HOUSEBUILDER BERKELEY RISE 4 PCT AFTER PROFITS RISE.

  • SHANGHAI, Dec 2- China's blue-chip CSI300 Index advanced for the 8th straight week, although it fell on Friday and gains were capped by resources shares amid an extended pullback in commodities market. China United Network Communications tumbled 6.7 percent, retreating from a 15- month high, after the company denied media reports that its mixed-ownership...

  • Dec 1- Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive. "Having him step down as CEO raised the anxiety level," said Stephens analyst Will Slabaugh, who said that Schultz is the heart and soul of the brand,...

  • Dec 1- Starbucks Corp on Thursday said Howard Schultz will step down as chief executive to focus on its high-end coffee shops as Chief Operating Officer Kevin Johnson takes over as CEO. Starbucks shares were down 3.9 percent at $56.25 in after-market trading on Thursday. Schultz has been the shareholders' darling at the Seattle- based company.

  • TORONTO, Dec 1- Canada's main stock index fell on Thursday, pulling back from an earlier near 18- month high as a jump in bond yields pressured defensive stocks, offsetting further gains for energy shares as oil rallied. Investors may be "beginning to think that there is a limit to how high the stock market can continue going up if bond rates also continue to go up," said...

  • Dec 1- Starbucks Corp said Howard Schultz will be stepping down as chairman and chief executive officer of the coffee chain, but will continue as executive chairman. Chief Operating Officer Kevin Johnson will replace Schultz as chief executive effective April 3, 2017. Shares of the company were down 4 percent in after hours trading on Thursday.

  • Dec 1- Starbucks Corp said Howard Schultz will be stepping down as chairman and chief executive officer of the coffe chain, but will continue as executive chairman. Chief Operating Officer Kevin Johnson will replace Schultz as chief executive effective April 3, 2017. Shares of the company were down 4 percent in after hours trading on Thursday.

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down more than 2 percent at $50.29 in midday trading on...