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CNBC Utilities Page Companies

  • SAO PAULO, July 21- Brazilian stocks dropped on Friday as falling prices of crude oil and an increase in fuel taxes weighed on shares of state-controlled oil company Petróleo Brasileiro SA. Preferred shares in Petrobras, as the company is known, slipped 2.3 percent, subtracting the most points from Brazil's benchmark Bovespa stock index.

  • *Q2 profit and revenue top Wall St estimates. July 21- General Electric Co's shares dropped sharply on Friday after it posted a 59- percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his job. GE also said it would update its 2018 earnings target of $2 a share...

  • *Q2 profit and revenue top Wall St estimates. July 21- General Electric Co's shares dropped sharply on Friday after it posted a 59- percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his job. GE also said it would update its 2018 earnings target of $2 a share...

  • TORONTO, July 21- Canada's main stock index fell on Friday as weakness in oil prices weighed on energy-sector shares, offsetting a gain in gold miners. Oil prices dropped on Friday after a report from consultancy Petro-Logistics predicted higher OPEC production for July, renewing fears of oversupply in the market. Canadian Natural Resources Ltd shed 2.4...

  • *GE falls as quarterly profit slides nearly 60 pct. July 21- U.S. stock indexes opened lower on Friday, as industrial heavyweight General Electric's tepid results weighed on investor sentiment. Shares of GE fell as much as 5.4 percent to their lowest level since Oct 2015, despite the results beating estimates, as the company reported a nearly 60 percent slump in...

  • Shares were at $26.59 in premarket trading, down about 10 cents and giving up a rise to nearly $27 shortly after the results were released. GE faced a "slow-growth, volatile environment" in the quarter, chief executive Jeff Immelt said in his final earnings release before his Aug. 1 retirement, when GE healthcare chief John Flannery takes over.

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell 4.5 percent on Thursday after testing confirmed Norovirus in a customer who ate at the one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • *Wall Street ends flat but near records, Europe stocks dip. NEW YORK, July 20- The euro strengthened to its highest level in nearly two years against the U.S. dollar on Thursday after Europe's central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while a gauge of stocks globally gained for a 10th straight session.

  • TORONTO, July 20- Canada's main stock index edged up on Thursday to a three-week high, boosted by a bump in shares of Rogers Communications Inc after it beat earnings expectations, while energy shares lost ground as oil prices fell. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 19.93 points, or 0.13 percent, at 15,264.64.

  • SAO PAULO, July 20- Carrefour SA board member Abilio Diniz said on Thursday the initial public offering of the retailer's Brazilian unit shows the country is overcoming its harshest recession in a century as shares slipped in their market debut. Speaking at an opening bell ceremony in the São Paulo Stock Exchange, the Brazilian retail tycoon and...

  • NEW YORK— Philip Morris International Inc. missed profit forecasts as demand for traditional cigarettes continues to dry up with smokers either quitting or opting for alternative products. For the quarter ended in June, the New York- based company said it earned a profit of $1.14 per share, compared with $1.15 per share for the same period last year.

  • TORONTO, July 20- Canada's main stock index eked out a small gain in morning trade on Thursday, boosted by a bump in shares of Rogers Communications Inc after strength in its wireless business help it beat earnings expectations. That move was offset by a fall in shares of Hydro One Ltd, down 3.6 percent to C $21.72 after the electric utility said it would buy rival...

  • TORONTO, July 20- Canada's main stock index opened higher on Thursday, as higher oil prices boosted energy stocks and shares in Canadian Pacific Railway Ltd and Rogers Communications Inc rose after the companies reported better-than-expected earnings.

  • A majority of U.S. workers would not apply to a company experiencing negative publicity, a new survey finds.

  • **U.S. real estate investment trust's shares down 6.3 pct at $20.35 premarket. **Company on Wednesday announced common stock offering. **Plans to use proceeds from offering to fund pending and future property acquisitions, prepay existing debt.

  • COVINGTON, La. _ Pool Corp. on Thursday reported second-quarter profit of $94.9 million. Pool Corp. expects full-year earnings to be $4.12 to $4.32 per share. Pool Corp. shares have climbed 13 percent since the beginning of the year.

  • Unilever's Dove bath foam, seen in a Chinese supermarket

    Unilever lifted its full-year margin target on Thursday after seeing a big improvement in the first half, underlying its ability to boost returns as an independent firm after rebuffing a $143 billion takeover bid from Kraft Heinz earlier this year.

  • A journalist works in front of a live feed of China's President Xi Jinping speaking at the opening ceremony of the Belt and Road Forum, on a screen in the media center of the China National Convention Center, the forum's venue, in Beijing on May 14, 2017.

    China is tightening control over foreign companies' internet use in a move some worry might disrupt their operations.

  • Shares rose 3 percent to $63.90 in after-hours trading. Sources told Reuters in June that Sprint, controlled by Japan's SoftBank Group Corp, had entered into a two-month period of exclusive negotiations with cable companies Charter Communications Inc and Comcast Corp until the end of July. Sources also told Reuters that Warren Buffett's Berkshire Hathaway...