GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Wires

More

  • UNITED NATIONS, Aug 3- United Nations Secretary-General Ban Ki- moon on Monday praised U.S. Obama's Clean Power Plan is a vital component of meeting a U.S. pledge on emissions cuts for the U.N. climate change summit in Paris in December. Obama's leadership on combating climate change was essential for encouraging other key countries to commit to securing a "...

  • Sears' shares were down 8 percent at $19.82 in afternoon trading. The company said sales at U.S. stores open at least a year declined 10.6 percent in the quarter-to-date period ended July 25, mainly due to a 13.9 percent decline at Sears stores and a 6.9 percent fall at Kmart stores. Sears, controlled by Eddie Lampert, will report on Aug. 20 results for the second...

  • The Kraft Heinz Co. is voluntarily recalling about 36,000 cases of Kraft Singles cheese products because some of the packaging film may stick to the slices and pose a choking hazard. The products being recalled have a "best when used by" date of Dec. 29, 2015 through Jan. 4, 2016, followed by the manufacturing code S54 or S55. The products being recalled had been...

  • *Oversupply worries, weak US, China data hurt market. NEW YORK, Aug 3- Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish U.S. and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway demand earlier in the summer. Evidence of growing global oversupply and a stock market collapse...

  • CURITIBA, Brazil, Aug 3- Brazilian federal police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be detained so far in a corruption scandal engulfing state-run oil company Petrobras. Federal prosecutor Carlos Fernando dos Santos Lima called Dirceu a key instigator of the Petrobras...

  • *Tyson forced to cut prices to clear inventory. Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, cut its full-year profit forecast after posting its slowest sales growth in nine quarters as customers overseas refused to accept shipments delayed by West Coast port disruptions. During the disruptions, Asian buyers were importing meat from other countries...

  • COLUMBUS, Ohio— Relatives of a central Ohio woman who died after being sent home from a hospital while having a heart attack have reached a $275,000 settlement with the facility. Ohio State University Wexner Medical Center doesn't admit any liability in the settlement approved last week by an Ohio Court of Claims judge. The family's attorneys said in court...

  • Aug 3- Wall Street's industry-funded watchdog on Monday asked Deutsche Bank to pay $3 million in compensation damages to Jorge Usandivaras, the former head of its Latin American Strategic Transactions unit. He also claimed that Deutsche Bank had acted in contravention to the Sarbanes-Oxley Act that protects whistleblowers. The Financial Industry...

  • LONDON, Aug 3- Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation. After a nine-week trial and seven days of deliberations, the jury of five women and seven men found Hayes, a 35- year-old former UBS and Citigroup...

  • SAN FRANCISCO, Aug 3- Macy's Inc said on Monday the department store chain will expand same day delivery services to nine cities and metropolitan areas this month, pushing into an aggressive field dominated by e-commerce giant Amazon.com Inc.. Macy's, the nation's largest department store chain, said it will now offer same day delivery to customers in 17...

  • MOSCOW, Aug 3- Russian gas sales to Europe jumped to an all-time high in July, gas export monopoly Gazprom said on Monday, as European customers capitalised on a steep fall in prices. Gazprom's gas prices are pegged to oil with a six-month lag, which means its customers are currently paying the equivalent of $45- $50 per barrel seen in January 2015 when oil prices...

  • Aug 3- Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014..

  • Aug 3- Top executives at big U.S. banks received fatter paychecks last year as profits rose, brokerage Keefe, Bruyette& Woods said on Monday. Total compensation for all top U.S. banks rose in 2014 with the exception of Citigroup Inc, KBW analysts wrote in a note. Average pay increase was the most at Morgan Stanley, while Goldman Sachs Group Inc paid the most to its top...

  • ATHENS, Aug 3- Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone. "The market tanked, as expected," said Takis Zamanis, chief trader at Athens- based Beta Securities. All five shares comprising the index- National Bank of Greece, Alpha Bank, Piraeus Bank, Attica...

  • LONDON, Aug 3- Britain started to return its holding in Royal Bank of Scotland to private investors on Monday, seven years after it bailed out the bank, selling a stake worth 2 billion pounds at a loss. Britain owns 78 percent of RBS after rescuing it with 45.8 billion pounds of taxpayer cash at the height of the financial crisis in 2008. Its stake will reduce to 73.2...

  • LONDON— The British government said Monday it will start selling its majority stake in taxpayer-owned Royal Bank of Scotland— the first step in recovering money from the country's costliest-ever bank rescue. The UK Financial Investments, which manages the government's stakes in banks bailed out during the 2008 financial crisis, will start immediately by...

  • NEW YORK, Aug 3- Oil futures prices hit a six-month low on Monday, weighed by oversupply and weaker demand expectations, while stocks in Asia and on Wall Street were under pressure as factory data from China and the United States disappointed. The Netherlands, Spain and Italy all reported healthy growth, and Italy's expansion was its best in more than four years.

  • *Oversupply worries, weak US, China data hurt market. NEW YORK, Aug 3- Oil sank to six-months lows on Monday as sluggish data out of the U.S. and China, and bets for weaker gasoline consumption after tearaway demand earlier in the summer, deepened losses in benchmark crude contracts. Evidence of growing global oversupply and a stock market collapse in China, the...

  • BAGHDAD, Aug 3- Iraq's Kurdistan Regional Government said on Monday it would pay a portion of its revenue from direct crude oil sales to producers, in an apparent attempt to reassure foreign oil companies operating in the northern region. The move sets up semi-autonomous Kurdistan to continue independent oil sales, which it has increased since mid-June while...

  • LONDON, Aug 3- Britain said it has started the sale of its stake in Royal Bank of Scotland seven years after it bailed out the bank, taking a loss on the sale of 2 billion pounds of shares to institutional investors. UK Financial Investments, the body that holds the government's RBS shares, said on Monday it would sell about 600 million shares, representing 5.2 percent...