CNBC Utilities Page Latest Business News Wires - Business Headlines

  • June 6- T-Mobile US Inc said on Monday it will give a full share of the wireless company's stock to every primary postpaid account holder to turn its customers into shareholders.

  • June 6- Best Buy Co Inc's shares fell as much as 5 percent on Monday after Chief Executive Hubert Joly cut his stake in the electronics retailer by about 44 percent, two weeks after the company gave a disappointing current-quarter profit forecast. Best Buy spokesman Jeffrey Shelman said on Monday that Joly's sale was "solely related to his desire to diversify his...

  • WINDSOR LOCKS, Conn., June 6- United Technologies Aerospace Systems expects compound annual revenue growth to average 6 percent over the next five years, and is looking for acquisitions in four key areas, an executive said on Monday. The company is looking for acquisitions in avionics, interiors, structures and hydraulics, UTC Aerospace Systems President Dave...

  • PHILADELPHIA, June 6- Federal Reserve Chair Janet Yellen on Monday said the May jobs report was a "surprise" but noted that economic data is only meaningful for monetary policy if it changes the U.S. central bank's medium- or longer-term outlook. Friday's report showed that only 38,000 jobs were created in May, well below estimates. "Our views on policy respond to...

  • PHILADELPHIA, June 6- Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because "positive economic forces have outweighed the negative" for the United States now that risks from earlier this year have diminished. In her address, Yellen was careful not to give timelines on raising interest rates, in contrast to a...

  • NEW YORK, June 6- Former drug executive Martin Shkreli, a lightning rod for outrage over soaring U.S. prescription drug prices, pleaded not guilty on Monday to an additional criminal charge that prosecutors filed against him last week.

  • *Nigeria attacks cut output by more than 500,000 bpd. NEW YORK, June 6- Oil prices rose on Monday as Nigeria's oil industry reeled from crippling attacks and traders cited data pointing to fresh draws in U.S. stockpiles, but crude futures pared gains after remarks from Federal Reserve Chair Janet Yellen fed expectations that U.S. interest rates could rise this...

  • *Fed Chair Janet Yellen sounds upbeat note on economy. June 6- U.S. stocks pared some of their gains on Monday after Federal Reserve Chair Janet Yellen painted a mostly positive picture of the economy and said interest rates were still on their way, but was less specific on the timing. "Yellen's speech tells me that the Fed is going to follow through with what all the...

  • PARIS, June 6- The capital of French hotel group AccorHotels, which is trying to limit an attempt by Chinese group Jin Jiang to increase its stake in the company, should remain in diverse hands, French President Francois Hollande said on Monday. Le Journal du Dimanche reported on Sunday that the head of Europe's biggest hotel chain had held talks with rival Chinese...

  • EX-DRUG EXECUTIVE MARTIN SHKRELI PLEADS NOT GUILTY TO NEW INDICTMENT FILED LAST WEEK- COURT HEARING.

  • BOSTON, June 6- Affiliated Managers Group Inc, a holding company for money management firms, said on Monday it will buy stakes in five hedge funds from Goldman Sachs Group Inc for $800 million, sparking a 3.5 percent jump in Affiliated Managers stock. AMG, which has been buying pieces of hedge funds for more than a dozen years, said the deal will boost its assets under...

  • BRIEF-AMERICAN AIRLINES TO ADD SPENDING REQUIREMENT FOR ELITE. June 6- American Airlines Group Inc. *American Airlines says in 2017 it will require that customers spend minimum dollar amounts on travel, on top of miles or segments flown, to earn elite status.

  • TORONTO, June 6- The Four Seasons Toronto, a luxury hotel in the city's downtown, is up for sale and could fetch as much as C $250 million, in what would be one of the most-expensive deals ever for a hotel in Canada, two sources familiar with the process said. The sale price will likely be in the range of C $200 million to C $250 million, said the sources, who declined to be...

  • June 6- The annual charity auction for a private lunch with billionaire investor Warren Buffett is underway. Cecil Williams, 86, Glide's co-founder and a pastor at Glide Memorial United Methodist Church, told Reuters. Buffett, 85, is the world's third richest person, worth $66.8 billion, Forbes magazine said on Monday.

  • HOUSTON, June 6- BASF SE, the world's largest chemical producer, said on Monday it would refrain for now from building a propylene plant in Texas because of volatile commodity prices, a sign that an aggressive U.S. Gulf Coast petrochemical building boom announced earlier this decade could be cooling. "The economics just aren't as good as BASF would have hoped," said...

  • AMERICAN AIRLINES SAYS IN 2017 IT WILL REQUIRE CUSTOMERS SPEND A MINIMUM DOLLAR AMOUNT ON TRAVEL, ON TOP OF MILES FLOWN, TO EARN ELITE STATUS.

  • NEW YORK, June 6- Morgan Stanley has asked securities regulators for the right to launch its first U.S.-listed exchange-traded funds, marking the latest example of a massive Wall Street investment manager courting investors' growing use of those funds. The company's asset management unit asked the U.S. Securities and Exchange Commission for permission to...

  • US TREASURY YIELDS FALL, AFTER INITIALLY RISING AFTER YELLEN COMMENTS, 10- YEAR YIELDS DROP TO 1.72 PCT.

  • US TREASURY YIELD CURVE FLATTENS AFTER YELLEN, FIVE-YEAR, 30- YEAR CURVE FLATTENS TO 127 BPS.

  • US TWO-YEAR TREASURY NOTE YIELDS INCREASE TO SESSION HIGH OF 0.82 PERCENT AFTER YELLEN COMMENTS.