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CNBC Utilities Page Wires

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  • WASHINGTON, Aug 4- The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion. The report, published on Tuesday, comes after Beijing launched a major diplomatic push for...

  • IMF BOARD DIRECTORS SUPPORTED SDR EXISTING CRITERIA UNDER WHICH CHINESE RENMINBI NOT INCLUDED AS "NOT FREELY USABLE"- IMF REVIEW PAPER.

  • SENIOR IMF OFFICIAL SAYS WOULD NEED TO GIVE RESERVE MANAGERS ABOUT SIX MONTHS NOTICE OF ANY CHANGE IN COMPOSITION OF BASKET.

  • IMF REVIEW PAPER SAYS DOES NOT PROPOSE TO REVISIT CURRENCY SELECTION CRITERIA "AT THIS POINT".

  • IMF SPECIAL DRAWING RIGHTS REVIEW PAPER PROPOSES THAT CURRENT SDR BASKET REMAIN IN PLACE UNTIL SEPT 30, 2016.

  • Aug 4- Etsy Inc, which operates a crafts shopping website, reported a quarterly loss that doubled from the year-earlier period, as operating costs rose 49 percent. Net loss widened to $6.4 million or 7 cents per share in the second quarter ended June 30, from $3.2 million or 8 cents per share, a year earlier. Shares of Etsy, which debuted in April, tumbled 13 percent in...

  • Aug 4- Property and casualty insurer Travelers Cos Inc said on Tuesday Chief Executive Jay Fishman will step down, and Alan Schnitzer will succeed him. Schnitzer is the Chief Executive of Travelers' business and international insurance, the company's largest segment. Schnitzer's appointment will be effective Dec. 1.

  • *Utilities lead declines on Wall Street. The dollar rose sharply against the euro after Federal Reserve Bank of Atlanta President Dennis Lockhart, a member of the Fed's policy setting committee who typically votes with the core, told the Wall Street Journal it would take a sharp turn for the worst in economic data to change his view in support of a rate hike after...

  • Aug 4- Media company Walt Disney Co's revenue missed Wall Street expectations for the first time in eight quarters, sending its shares down more than 2 percent in extended trading. Disney said operating income fell at its parks and resorts outside North America, hurt by lower attendance and occupied room nights at Hong Kong Disneyland Resort and higher...

  • Aug 4- Hollywood studio DreamWorks Animation SKG Inc reported a bigger-than-expected 40 percent jump in quarterly revenue, helped by the box-office success of "Home" and strength in its television business. "Home"- its only movie release of the year- had one of the best openings for an original movie made by DreamWorks, pulling in $54 million in its opening weekend,...

  • Aug 4- Videogame maker Activision Blizzard Inc reported better-than-expected profit and revenue, helped by higher sales of "Call of Duty" and "Hearthstone" franchises, and raised its 2015 revenue and profit forecast. Activision Blizzard, know for its first-person shooter games, raised its 2015 adjusted profit forecast to $1.30 per share from $1.20.

  • Aug 4- U.S. solar company First Solar Inc on Tuesday reported sharply higher quarterly sales and earnings due to increased revenue from a large project in Nevada and the sale of majority stakes in two others in California. Net income for the second quarter was $94.5 million, or 93 cents per share, compared with $4.5 million, or 4 cents per share, a year ago.

  • Aug 4- Contract oil and gas driller Nabors Industries Ltd posted a second-quarter loss compared with a profit a year earlier, hurt by depressed drilling activity in North America due to weak oil prices. Net loss attributable to Nabors was $36.8 million, or 13 cents per share, in the quarter ended June 30, compared with a profit of $64.4 million, or 21 cents per share, a...

  • *AIG, Allstate fall a day after results. Aug 4- Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months. "Apple has been the weak sister in the market today," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth...

  • Aug 4- Media company Walt Disney Co's revenue rose 5.1 percent in the third quarter as its TV networks pulled in higher fees and theme parks attracted more visitors. Revenue rose to $13.10 billion in the quarter ended June 27 from $12.47 billion a year earlier, the company said on Tuesday. Net income climbed to $2.48 billion, or $1.45 per share, from $2.25 billion, or...

  • Aug 4- Hollywood studio DreamWorks Animation SKG Inc reported a near 40 percent jump in quarterly revenue, helped by the box-office success of its only movie release of the year, "Home". Net loss attributable to DreamWorks widened to $38.6 million, or 45 cents per share, in the second quarter ended June 30 from $15.4 million, or 18 cents per share, a year earlier.

  • Aug 4- Videogame maker Activision Blizzard Inc reported a 7.6 percent rise in revenue, helped by higher sales of "Call of Duty" and "Hearthstone" franchises, and raised its 2015 revenue and profit forecast. Activision Blizzard, know for its first-person shooter games, raised its 2015 adjusted profit forecast to $1.30 per share from $1.20 per share.

  • NEW YORK, Aug 4- Wall Street ended lower on Tuesday as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.

  • NEW YORK, Aug 4- The dollar rose on Tuesday as a top U.S. Atlanta Fed President Dennis Lockhart told the Wall Street Journal said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September. "He is seen as a swing vote and he has become increasingly hawkish," said Ian Gordon, G10 currency strategist at Bank of America Merrill...

  • *Fed's Lockhart renews expectations for Sept. rate hike. NEW YORK, Aug 4- U.S. Atlanta Fed President Dennis Lockhart has said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September, according to the Wall Street Journal.