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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • WASHINGTON, May 4- Bank lending officers said they expect more bad loans among companies in the energy sector, and have begun taking steps to protect against the downturn among oil and gas companies, according to a Fed survey released on Monday. The quarterly survey covered senior loan officers at 76 U.S. banks and 23 branches of foreign banks.

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • *Volcafe raises Brazil coffee crop forecast. NEW YORK, May 4- Raw sugar futures on ICE tumbled 3 percent on Monday, pressured by the weak currency in Brazil, the world's biggest sugar producer, while arabica coffee fell to a seven-week low after an influential trade house raised a key crop forecast. It makes the ethanol price fall so sugar's basically tracking it, "...

  • *Exor "fully committed" to PartnerRe bid. MILAN/ BANGALORE, May 4- Italy's Exor said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe after the Bermuda- based reinsurer rejected its attempt to trump a bid by Axis Capital Holdings. The Italian holding company, controlled by the Agnelli family, made its all-cash offer for PartnerRe in April,...

  • *McDonald's down after revealing turnaround plan. May 4- Wall Street was up on Monday afternoon, adding to gains from Friday, as investors bought beaten-down healthcare stocks and Berkshire Hathaway led finance stocks higher. Berkshire rose 1.8 percent to $145.98 and gave the biggest boost to the S&P after the insurance and investment conglomerate's results...

  • BRASILIA, May 4- Industrial output in Brazil probably fell in March for a second straight month on falling auto and steel production, increasing expectations that Latin America's largest economy will tumble into a recession. Brazil's economy, hurt by a combination of high inflation, rising interest rates and tighter government spending, is expected to shrink...

  • SurveyMonkey CEO Goldberg died at hotel gym Monday, 4 May 2015 | 1:24 PM ET

    SAN FRANCISCO, May 4- SurveyMonkey Chief Executive Dave Goldberg died while exercising at a hotel gym in Mexico, a person close to the family said Monday. Goldberg, the spouse of Facebook Inc Chief Operating Officer Sheryl Sandberg, collapsed at the gym, and efforts to revive him there and at a hospital were unsuccessful, the person said. A memorial service for...

  • WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest indication that the rebound from the first quarter's...

  • NEW YORK, May 4- The annual Sohn Investment Conference in New York City kicked off on Monday, drawing thousands of portfolio managers, asset allocators and private investors. Alliance, QCOM.O value in WBA;. shares, says stock "a great way to play the urbanization and growth of the middle class in China".

  • BERLIN, May 4- European aviation safety regulators introduced new training requirements on Monday to help prevent accidents by pilots losing control of planes in-flight, such as during a stall or in bad weather. In one such accident, an Air France jet flying between Rio de Janeiro and Paris plunged into the Atlantic Ocean during a storm in June, 2009, killing all...

  • *Foreigners can buy stocks from June 15. RIYADH, May 4- Foreign investors can own no more than 10 percent of Saudi Arabia's stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month. Analysts believe it could enter the widely watched MSCI emerging market index as soon as...

  • April 29- GrubHub Inc reported an 50.6 percent rise in quarterly revenue and the online food order company spent heavily to build its food-delivery network. GrubHub shares, which have soared 72 percent since their market debut last April, fell as much as 10 percent in morning trading on Wednesday. "GrubHub has a strong moat but competition from larger players...

  • May 4- McDonald's Corp's new chief executive officer said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company." Shares were down nearly 2 percent in premarket trading, then retraced losses to stand off 0.1 percent at $97.70 on the New York Stock...

  • *Sacked former CEO's 4.44 million euros exit deal approved. *Brandicourt also gets extra 4 million euros golden hello. Investor advisory group ISS had recommended a vote against both resolutions, prompting the Sanofi board to appeal for loyalty and call ISS's advice "a real error in analysis."

  • KANSAS CITY, Kansas, May 4- General Motors Co chief executive said the company will be able to convince investors about the value of the automaker's stock over time. "This is a business that is not made on a quarter by quarter basis," CEO Mary Barra told reporters at a roundtable interview at GM's assembly plant in Kansas City, Kansas. Barra said that she has not met with...

  • MILAN, May 4- Italy's Exor said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe after the Bermuda- based reinsurer rejected its attempt to trump a rival bid by Axis Capital Holdings. The Italian holding company, controlled by the Agnelli family, made its all-cash offer for PartnerRe in April, disrupting an $11 billion all-share deal...

  • *Corn falls for third day on fast planting pace. "I've heard some talk that China has an increased appetite for oil, said Bill Gentry, broker at Risk Management Associates." Corn was anchored by expectations that a U.S. Department of Agriculture report on Monday afternoon will show that farmers seeded huge chunks of their acreage in the past week.

  • Treasuries prices turned slightly negative while hewing to narrow ranges on Monday, marking a mixture of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London. I think the market is looking for some stability and toward Friday's payrolls data, "said Justin Lederer, an interest rate strategist at Cantor...

  • *Upbeat German data helps push Europe shares higher. NEW YORK, May 4- Global equity markets rose on Monday, lifted by the biggest gain in U.S. factory orders in eight months and solid manufacturing data in Germany, while German bund yields rose as investors shook off deflation fears that had gnawed European bonds. When viewed with a report from the European Central...

  • *McDonald's down after revealing turnaround plan. *AMC, Cognizant hit record high after results. May 4- Wall Street was up on Monday morning as healthcare stocks rose for a second straight session and new orders for U.S. factory goods recorded their biggest increase in eight months in March.