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CNBC Utilities Page Companies

  • April 24- Canada's Home Capital Group Inc said founder and former CEO Gerald Soloway will step down from the board once a replacement is found, days after regulators accused the company of making "materially misleading statements" to investors. Shares of Canada's biggest non-bank mortgage lender fell as much as 5.7 percent to C $18.15 in morning trading.

  • HONG KONG, April 24- The chances of MSCI Inc adding China-listed shares to its global index have risen significantly since it proposed to cut the number of companies to include, investors say, but capital controls and market access snags may still pose a hurdle. New York- based index provider MSCI will announce in June if it will add yuan-denominated Chinese...

  • The maker of jet engines, power plants and other industrial equipment also reported a negative $1.6 billion in cash flow from industrial operating activities compared with a negative $600 million it expected for the quarter due to a $1.3 billion increase in working capital and the timing of bills to customers. The stock has outperformed the sector in recent...

  • MUMBAI, April 21- Shares in HDFC Bank, India's second-biggest lender by assets, hit a record high on Friday thanks to higher than expected quarterly profit and a stable bad loans portfolio. Net profit rose 18.3 percent from a year earlier to 39.9 billion rupees for its fiscal fourth-quarter to March 31, HDFC Bank said, slightly ahead of analysts' estimate of 39.56...

  • Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. In Japan, shares in Nippon Steel rose 1.3 percent, after five weeks of steady losses, partly on speculation that any action by the U.S. would mostly target China which is...

  • Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. In Japan, shares in Nippon Steel rose 1.5 percent, after five weeks of steady losses, partly on speculation any action by the U.S. would mostly target China which is easily...

  • HANOVER, Mass. _ Independent Bank Corp. on Thursday reported first-quarter profit of $20.7 million. Independent Bank Corp. shares have declined almost 8 percent since the beginning of the year. Keywords: Independent Bank Corp., Earnings Report.

  • TORONTO, April 20- Canada's main stock index rose on Thursday after shares of Canadian Pacific Railway Ltd jumped on an upbeat earnings report and mining shares benefited from a gain in commodity prices. The Toronto Stock Exchange's S&P/TSX composite index closed up 72.68 points, or 0.47 percent, at 15,625.56. Barrick Gold Corp rose 1.5 percent to C $25.86, and...

  • Visa's shares were up 2.8 percent at $93.70 in trading after the bell on Thursday, after the company also announced a $5 billion share buyback program. Payment volumes in the United States, Visa's largest market, increased 11.7 percent to $775 billion on a constant dollar basis. Net income fell to $430 million or 18 cents per Class A share in the second quarter, from...

  • NEW YORK/ MONTREAL April 20- Shares of railroad operator CSX Corp soared more than 7 percent on Thursday to a record high, after the company reported better-than-expected quarterly earnings and its new chief executive officer outlined plans to improve margins and cut costs, including job reductions. Jacksonville- headquartered CSX forecast a 25 percent rise...

  • Horton Inc's quarterly profit edged past estimates on Thursday but concerns about the resilience of a recovery in the U.S. housing market weighed on the company's shares. The largest U.S. homebuilder's shares were down 2.8 percent in afternoon trading, dragging peers including Lennar Corp and PulteGroup Inc lower. "Shares are trading modestly lower on...

  • Shares of Fox News' parent company, 21st Century Fox, are gaining ground following the firing of longtime and top-rated segment host Bill O'Reilly. 21st Century Fox's other holdings include 20th Century Fox, Fox Searchlight Pictures, FX Networks and National Geographic Channel. A day after his ouster from Fox News over allegations of sexual harassment, Bill...

  • SAO PAULO, April 20- Brazilian stocks gained on Thursday, supported by a rally in shares of miner Vale SA following solid first-quarter production figures. The company's shares rose as much as 4.9 percent, adding the most points of any stock to Brazil's benchmark Bovespa index. Mounting tensions in North Korea and Syria have dampened demand for higher-yielding...

  • NEW YORK, April 20- Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job reductions, and improved margins. Chief Executive Hunter Harrison said in a call with analysts that the No. 3 U.S. railroad also plans to bring...

  • NEW YORK, April 20- Shares of U.S. hospital operators fell on Thursday after news reports that Republicans were making fresh progress with plans to dismantle the Affordable Care Act, also known as Obamacare. Republican moderates and conservatives were nearing a deal on healthcare that could get an alternative to the law through the U.S. House of...

  • TORONTO, April 20- Canada's main stock index rose on Thursday as Canadian Pacific Railway Ltd jumped on an earnings beat and as energy and many financial shares also gained. Canadian Pacific was the most influential gainer on the index, adding 3.6 percent to C $209.32 after it reported higher-than-expected quarterly profit as it earned more from shipments of...

  • DAMARISCOTTA, Maine _ The First Bancorp Inc. on Wednesday reported first-quarter profit of $4.6 million. The First Bancorp Inc. shares have declined 20 percent since the beginning of the year. Keywords: The First Bancorp Inc., Earnings Report.

  • TORONTO, April 19- Canada's main stock index gained in early trade on Wednesday, helped by a rebound in banking stocks after recent losses and a jump in shares of Rogers Communications Inc after it reported strong quarterly earnings. The Toronto Stock Exchange's S&P/TSX composite index was up 58.85 points, or 0.38 percent, at 15,681.42 shortly after the open.

  • After an initial drop in its shares, they recovered on its upbeat comments over China and were up 1.04 percent at 1137 GMT, with the stock up around 15 percent so far in 2017.. "The high-end nature of Remy's portfolio means the group benefits from rebounding spirits consumption in China and trading-up trends in global spirits," Liberum analysts, who have a sell...

  • April 18- International Business Machines Corp reported a bigger-than-expected decline in revenue for the first time in five quarters due to weak demand in its IT services business, a sign that the company's turnaround could take longer than expected. Shares of IBM, whose revenue has now fallen for 20 quarters in a row, tumbled 4.7 percent to $162 in trading...