×

CNBC Utilities Page Companies

  • TORONTO, June 23- Canada's main stock index opened moderately higher on Friday, as the index's heavyweight sectors offset sharp losses in BlackBerry Ltd shares, which tumbled after first quarter sales missed expectations. The Toronto Stock Exchange's S&P/TSX composite index rose 14.15 points, or 0.09 percent, to 15,234.05 shortly after the open.

  • Diageo Chief Marketing Officer Syl Saller.

    Far from being the "coloring in department," responsible for making people want to buy products, marketing now has a broader remit than ever.

  • *Berkshire Hathaway to provide new C $2 billion loan. TORONTO, June 22- Warren Buffett's Berkshire Hathaway Inc is providing a C $2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier. Street Capital Group closed up...

  • NEW YORK, June 22- Shares of solar companies soared on Thursday and their options drew a rush of bullish activity a day after U.S. First Solar Inc's shares rose 3.2 pct to $38.42 and SunPower Corp shares were up 13 percent to $8.69. Raymond James energy analyst Pavel Molchanov cited Trump's comments about possibly putting solar panels on the wall during a rally in...

  • OTTAWA, June 22- Canada's main stock index rose on Thursday as the financial and resource sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc.. Shares of Home Capital, which nearly collapsed in April, soared 23 percent to C $18.38 after it said billionaire Warren Buffett's...

  • NEW YORK, June 22- U.S. healthcare stocks posted sharp gains on Thursday, with hospitals and insurers climbing after Senate Republicans released a draft bill to replace Obamacare, while a recent surge in biotechnology shares showed no signs of slowing. Shares of hospitals and health insurers, the main focus of investors during Republican efforts to dismantle...

  • TORONTO, June 22- Warren Buffett's Berkshire Hathaway Inc is providing a C $2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the lender, with the U.S. billionaire pitching himself against short-sellers who have targeted the stock as Canada's housing market has turned riskier. Canada's housing market has turned riskier as home prices in...

  • June 22- Shares of Altice USA Inc rose as much as 7.2 percent in their debut on Thursday, giving the cable operator a market capitalization of $23.71 billion as it prepares for U.S. expansion. The 63.9- million share offering raised $1.9 billion after being priced at $30 per share, within the expected range of $27 to $31. The company, which Netherlands- based Altice NV...

  • Steve Schwarzman, CEO of Blackstone (L) and Larry Fink, CEO of BlackRock (R).

    Blackstone's Schwarzman tells the behind-the-scenes story about the similar names. BlackRock started as part of Blackstone.

  • June 22- Shares of Altice USA Inc rose as much as 7.2 percent in their debut on Thursday, giving the cable operator a market capitalization of $23.71 billion as it prepares for U.S. expansion. The 63.9- million share offering raised $1.9 billion after being priced at $30 per share, within the expected range of $27 to $31 per share. The company, which Netherlands- based...

  • OTTAWA, June 22- Canada's main stock index rose modestly on Thursday as the energy and financial sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc.. Shares of Home Capital rose 12.2 percent to C $16.76 after it said billionaire Warren Buffett's Berkshire would provide a C $2...

  • LONDON, June 22- Imagination Technologies, the British firm that lost 70 percent of its value after being ditched by its biggest customer Apple, put itself up for sale on Thursday in a disappointing end to a once-great European tech success story. The stock jumped as much as 21 percent on Thursday, however, after the sale announcement to 149.5 pence, giving the...

  • *Shares of a Wanda Group unit tumble, trading suspended. SHANGHAI, June 22- Excitement over China's MSCI's inclusion continued to spur Chinese equities on Thursday, with banking shares taking the baton from consumer players in driving the blue-chip CSI300 index to the highest level in 1-1/ 2 years. The euphoria overwhelmed any worries about Chinese...

  • Oracle said cloud-computing and on-premise software business revenue rose 5.3 percent to $8.88 billion in the fourth quarter ended May 31. The company has been shifting to a cloud-based service as customers increasingly shun the costlier licensing model, a pattern also adopted by rivals such as Microsoft Corp, SAP SE and Amazon.com Inc..

  • Oracle said cloud-computing and on-premise software business revenue rose 5.3 percent to $8.88 billion in the fourth quarter ended May 31. The company has been shifting to a cloud-based service as customers increasingly shun the costlier licensing model, a pattern also adopted by rivals such as Microsoft Corp, SAP SE and Amazon.com Inc..

  • *STOXX 600 down 0.2 pct at close. LONDON, June 21- Weakness among financial and energy stocks led European shares to fall again on Wednesday, as Provident Financial dropped following a profit warning, though Italian lenders bucked the downbeat trend. Europe's STOXX 600 fell 0.2 percent, extending the previous session's losses slightly.

  • *STOXX 600 down 0.2 pct at close. LONDON, June 21- Weakness among financial and energy stocks led European shares to fall again on Wednesday, as Provident Financial dropped following a profit warning, though Italian lenders bucked the downbeat trend. Europe's STOXX 600 fell 0.2 percent, extending the previous session's losses slightly.

  • *Other bourses focus on Brent below $46 a barrel. DUBAI, June 21- Saudi Arabia's stock market jumped over 5 percent on Wednesday after the architect of the kingdom's economic reforms was appointed crown prince and index compiler MSCI said it would consider upgrading Riyadh to emerging market status. The stock index surged 5.5 percent, its largest single-day...

  • Daimler CEO Dieter Zetsche

    The approval ratings of chief executives at major companies around the world have been released today.

  • *Forecasts adj. earnings of $13.20 to $14/ shr. Shares of the company, often considered a bellwether for the U.S. economy like rival United Parcel Service Inc, were marginally up at $210.6 in after-market trading on Tuesday. FedEx forecast adjusted earnings of $13.20 to $14 per share for fiscal 2018, excluding mark-to-market pension adjustments and expenses on...