GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Wires

More

  • FRANKFURT, Sept 3- The European Central Bank is set to cut its inflation forecasts on Thursday because of falling oil prices and China's economic slowdown, and it will probably promise to beef up its bond- buying programme if prospects weaken further. It is also likely to say its $1 trillion euro plus asset buying programme is working, albeit slowly.

  • DETROIT— Tesla Motors says it will reveal its lower-cost Model 3 electric car in March and will start taking orders then. In a tweet Wednesday, Tesla CEO Elon Musk says the car will start at $35,000, or about half the starting price of its current Model S sedan. Musk said each trim level of the Model X will be around $5,000 more than the equivalent trim level of the Model...

  • BRASILIA, Sept 2- Brazil's President Dilma Rousseff criticized ride-sharing software Uber on Wednesday for increasing unemployment, adding to a chorus of labor concerns about the world's most valuable venture-backed start-up. Rousseff said local authorities must regulate the service, which has led conventional taxi drivers to stage protests and lobby...

  • WASHINGTON, Sept 2- Japan's NEC Tokin Corp settled charges on Wednesday that it conspired to fix the prices of electrolytic capacitors, used in autos and electronics, agreeing to plead guilty and to pay a fine of $13.8 million, the Justice Department said. The case in the U.S. District Court for the Northern District of California is United States of America v.

  • WASHINGTON, Sept 2- President Barack Obama will discuss the global energy market with Saudi's King Salman when the two leaders meet at the White House on Friday, Obama's deputy national security advisor, Ben Rhodes, said on Wednesday. Obama and Salman are meeting amidst uncertainty in the oil market. Rhodes told reporters on a call that energy will not be the...

  • CHICAGO, Sept 2- Illinois is eyeing a return to the U.S. municipal bond market this year after an absence of more than 15 months, even as the state struggles to address its many fiscal problems. Illinois last sold bonds in May 2014 with a $750 million general obligation bond issue. "If you throw out Puerto Rico, Illinois is by far the worst state in the nation," said Nick...

  • NEW YORK, Sept 2- Coinbase, one of the world's largest U.S.-based bitcoin companies, has launched retail buy and sell operations in Singapore and Canada as part of its push to expand usage of the digital currency globally. Singapore is San-Francisco- based Coinbase's first foray into Asia, said Brian Armstrong, the company's chief executive officer and...

  • Fears the China growth woes could knock the global economy have spread turmoil in world financial markets, toppling the benchmark MSCI Asia Pacific ex- Japan index 16 percent this year. But the turbulence hides opportunities, some funds say, with Credit Suisse estimating net selling in emerging Asia ex- China reached a whopping $19.8 billion in the three months...

  • WASHINGTON, Sept 2- The Obama administration on Wednesday urged China to be clear about its intentions when it changes currency policies. "They need to understand that they signal their intentions by the actions they take and the way they announce them," U.S. Treasury Secretary Jack Lew told network CNBC in an interview ahead of a Group of 20 meeting that Chinese...

  • Sept 2- Barclays Plc said on Wednesday it would sell its Portugal- based non-core assets to Spain's Bankinter SA for about 175 million euros, as part of chairman John McFarlane's turnaround plan to sell assets and cut costs. Barclays will also sell its insurance business for 75 million euros to Bankinter's subsidiary Bankinter Vida, which operates an insurance...

  • NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Tupperware Brands Corp., up $2.95 to $52. Navistar International Corp., down 75 cents to $16.61.

  • U.S. stocks rebounded Wednesday, recovering a significant portion of their losses from the day earlier. Investors remain on edge after the latest market plunge, which was triggered by more signs of slowing growth in China. The Dow rose 293.03 points, or 1.8 percent, to 16,351.38.

  • NEW YORK _ ABM Industries Inc. on Wednesday reported fiscal third-quarter profit of $1.5 million. ABM Industries expects full-year earnings in the range of $1.75 to $1.80 per share. ABM Industries shares have risen nearly 9 percent since the beginning of the year.

  • SOMERSET, N.J. _ Catalent Inc. on Wednesday reported fiscal fourth-quarter profit of $153.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. Catalent expects full-year revenue in the range of $1.81 billion to $1.9 billion.

  • BUENOS AIRES, Argentina— Argentina's central bank has ordered HSBC's local unit to name a new president and vice president for failing to prevent money laundering and tax evasion. Argentina's tax agency had charged HSBC bank in November with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts.

  • Culp posts 1Q profit 2 Hours Ago

    HIGH POINT, N.C. _ Culp Inc. on Wednesday reported fiscal first-quarter net income of $4.7 million. On a per-share basis, the High Point, North Carolina- based company said it had net income of 38 cents. Culp shares have risen 41 percent since the beginning of the year.

  • OKLAHOMA CITY— The United States should end its ban on crude-oil exports and reduce federal regulations that are stifling an energy industry central to the nation's future economic prosperity, U.S. Marco Rubio said Wednesday to a friendly group of mostly oil and natural gas producers. The GOP presidential hopeful from Florida unveiled some highlights of his...

  • NEWARK, N.J., Sept 2- A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday. Igor Dubovoy last week was unable to meet a $3 million bond set by a federal judge in Atlanta before his case was moved to New Jersey.

  • NEW YORK, Sept 2- U.S. safe-haven Treasuries prices slipped on Wednesday on greater risk appetite, with long-dated prices falling the most on continued speculation of foreign central bank selling. "We're down a little bit because stocks have shown some resiliency in the face of weaker data," said John Briggs, U.S. rates strategist at RBS in Stamford, Connecticut.

  • *Tech stocks lead, Netflix hit by short-sell recommendation. *Ambarella's forecast drags down GoPro. It's market volatility, it's nervousness, it's an inability to call the direction of the market, "said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.