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CNBC Utilities Page Companies

  • JOHANNESBURG, May 15- UK- based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya's Safaricom to majority-owned South African subsidiary Vodacom. Shares in Vodacom were up 0.2 percent at 153 rand at 1043 GMT, when Vodafone's shares were down 0.3 percent at 210 pence.

  • LONDON, May 15- A global "ransomware" attack disrupting factories, hospitals, shops and schools spurred European investors on Monday to buy up stocks expected to benefit from a pick-up in cybersecurity spending. In London, shares in cloud network security firm Sophos jumped more than 7 percent to a record high and security firm NCC Group rose 2.9 percent.

  • Autoverkehr before the Italian toll booth on the Europastrasse E 45 at the Brenner near Sterzing.

    Italian infrastructure group Atlantia has launched a cash-and-share offer on Abertis on Monday, in a deal that values the Spanish rival at 16.34 billion euros ($18 billion).

  • SAO PAULO, May 12- Brazilian stocks rose on Friday for the fourth straight day as Petroleo Brasileiro SA shares hit an 11- week high after the state-controlled oil company reported its strongest operating profit ever. In Mexico, Economy Minister Ildefonso Guajardo said he expected negotiations on the North American Free Trade Agreement with the United...

  • Shares in Canada's biggest non-bank lender hit a low of C $8.70 in early deals before recovering to trade down 11 percent at C $9.60. The withdrawals accelerated after April 19, when Canada's biggest securities regulator, the Ontario Securities Commission, accused Home Capital of making misleading statements to investors about its mortgage underwriting...

  • SEOUL, May 12- Shares in Netmarble Games Corp pared gains after debuting as much as 9 percent higher on Friday, as regulations banning minors from playing its mega-hit game spooked some investors who had clamored to buy into the success of the South Korea's largest smartphone games maker. The stock opened at 165,000 won, above the IPO price of 157,000 won, and rose...

  • May 11- Nordstrom Inc reported weaker-than-expected quarterly same-store sales as fewer people visited the apparel retailer's stores in the United States, sending its shares down 3.7 percent after the bell. The company's net income rose to $63 million, or 37 cents per share, from $46 million, or 26 cents per share, a year earlier. Nordstrom's net sales rose 2.7...

  • MONTREAL May 11- Bombardier Inc Executive Chairman Pierre Beaudoin is giving up management responsibilities after an outcry over compensation, but will continue to lead the board, the company said on Thursday as it reported better-than-expected quarterly results, sending its shares up about 10 percent. Other Canadian funds like Canada Pension Plan...

  • SAN FRANCISCO, May 11- Shares of Vista Outdoor Inc rose on Thursday after the company said high retail inventories of its guns and ammunition should normalize by mid-year following an "unprecedented" drop in demand after the election of Donald Trump as president. Vista Outdoor gave a full-year outlook that was shy of analysts' average expectations, but some on...

  • May 10- Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps. The stock fell to $17.66, just above its IPO price of $17. Snap Chief Executive Evan Spiegel sought to reassure investors...

  • *Sources say planning C $2 billion asset sale. May 11- Canada's biggest non-bank lender Home Capital Group Inc on Thursday published data showing the rate at which depositors were withdrawing funds was slowing and its shares rose by as much as 20 percent. Home Capital said its high-interest savings deposits were expected to have fallen to about C $128 million...

  • May 11- Bombardier Inc Executive Chairman Pierre Beaudoin is giving up management responsibilities after an outcry over compensation, but will continue to lead the board, the company said on Thursday as it reported a smaller-than-expected quarterly loss, sending its shares up about 9 percent. "In our view, this decision will likely be perceived positively by...

  • SEATTLE, May 10- Boeing Co said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France. Boeing shares fell 1.3 percent to $183.15 in afternoon trading on the New York Stock Exchange. GE shares were down 0.9 percent at $28.67.

  • May 10- Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps. The stock fell to $17.66, just above its IPO price of $17. Snap Chief Executive Evan Spiegel sought to reassure investors...

  • TAIPEI, May 11- Taiwan stocks rose on Thursday led by gains in shares of semiconductor and plastics makers, with the index hitting a key 10,000 points level touched intraday earlier this week. As of 0250 GMT, the main TAIEX index was up 0.39. The Taiwan dollar strengthened T $0.050 to stand at.

  • May 10- Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing Wall Street's estimates as it competes with copycat messaging apps. The stock fell to $17.66, only just above its IPO price of $17. JPMorgan had expected Snap's DAUs to hit 169 million in the...

  • Shares tumbled nearly 24 percent in after-hours trading to $17.58, wiping some $5 billion from Snap's market capitalization in the latest reversal after a red-hot March initial public offering, which was the biggest for a U.S. tech company since Facebook Inc in 2012.. Morgan had expected Snap's DAUs to hit 169 million in the first quarter, while Monness, Crespi,...

  • NEW YORK, May 10- Whole Foods Market Inc named a new chief financial officer and five independent directors who were not on activist investor Jana Partners' slate, in a dramatic shakeup as the high-end grocer seeks to boost dwindling profits and a sagging stock. Shares of Whole Foods rose more than 2 percent to $37.25 in after-hours trading on Wednesday, as it named...

  • NEW YORK, May 10- U.S. drugmaker Pfizer Inc said on Wednesday it reached an agreement with Sangamo Therapeutics Inc for rights to its gene therapy programs to treat the rare blood-clotting disorder hemophilia A, under which Pfizer will pay $70 million upfront. Shares of Sangamo jumped 41 percent to $6.15 in after-the-bell trading. Michael Goettler, global...

  • SEATTLE, May 10- Boeing Co said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France. Boeing shares fell 1.3 percent to $183.15 in afternoon trading on the New York Stock Exchange. GE shares were down 0.9 percent at $28.67.