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CNBC Utilities Page Companies

  • NEW YORK, Oct 20- General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. GE badly missed Wall Street expectations and slashed its full-year forecast, sending shares down 1.2 percent to...

  • The company now expects total sales of $40.2 billion to $40.4 billion from $39.3 billion to $40.0 billion estimated previously. The company was under pressure from activist investor Daniel Loeb and his hedge fund Third Point LLC to spin off its aerospace business. Net income attributable to Honeywell rose to $1.35 billion, or $1.75 per share, in the quarter...

  • HANOVER, Mass. _ Independent Bank Corp. on Thursday reported third-quarter net income of $23.9 million. The holding company for Rockland Trust posted revenue of $92.5 million in the period. Independent Bank Corp. shares have climbed almost 6 percent since the beginning of the year.

  • DALLAS— Shares of United Airlines dropped more than 12 percent on Thursday— their biggest one-day percentage decline in eight years— after a contentious conference call that caused analysts to question whether United executives are making progress on their turnaround plan. CEO Oscar Munoz appealed for patience. Munoz was named CEO in September 2015.

  • NEW YORK, Oct 19- Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in mid-morning trading. "Just through licensing content, we can have access to content that we want to distribute to our customers," Chief...

  • SAO PAULO, Oct 19- Brazilian stocks fell to a one-week low on Thursday as concerns over global demand drove prices of base metals sharply lower, hammering shares of miners and steelmakers. Shares of Vale SA, the world's largest iron ore miner, dropped for a third straight day, tracking a slump in China- listed iron ore futures. Steel mills in the northern part of China...

  • NEW YORK, Oct 19- Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in mid-morning trading. "Just through licensing content, we can have access to content that we want to distribute to our customers," Chief...

  • NEW YORK— Verizon shares rose Thursday after the company's results showed its wireless business doing a little better. Verizon's revenue from selling wireless service plans declined 5.1 percent from the year before, but that was a slightly shallower drop than it was in the summer quarter. Verizon Communications Inc. said third-quarter profit was almost...

  • NEW YORK, Oct 19- Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in pre-market trading. Shares, part of the Dow Jones Industrial Average, rose 2.4 percent to $49.82 in pre-market trading.

  • NEW YORK, Oct 19- Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in pre-market trading. Net income attributable to Verizon was $3.62 billion, or 89 cents per share, in the third quarter ended Sept. 30, flat...

  • *Q3 sales rise 1.2 pct on organic basis to 2.26 bln euros. PARIS, Oct 19- Advertising agency Publicis, facing fierce new competition from the growth in online advertising, posted third-quarter sales on Thursday that missed market forecasts and sent its shares lower. Publicis's shares slid 6.6 percent to 58.09 euros in mid-session trading, making the stock the...

  • Oct 18- EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. Factoring in the higher costs, eBay forecast fourth-quarter adjusted profit, excluding some costs, of between 57...

  • Oct 18- EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. Factoring in the higher costs, eBay forecast fourth-quarter adjusted profit, excluding some costs, of between 57...

  • Oct 18- American Express Co said Kenneth Chenault will step down as chief executive early next year, ending a nearly 17- year tenure at the helm of the No.1 U.S. card issuer by spending. Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the company said on Wednesday. Shares are up about 22 percent this year and the company on Wednesday...

  • Anthem said it would save $4 billion annually in the new contract with drug retailer CVS Health Corp, which will handle prescription fulfillment and claims processing starting in 2020 for five years for the new company, called IngenioRX. Anthem shares rose 3.1 percent, or $5.93, to $193 in Wednesday afternoon trading, while CVS shares were up 2.3 percent at...

  • NEW YORK, Oct 18- Prospects for steep U.S. tax cuts are raising the ceiling for already-frothy shares of Wall Street-favorite Align Technology Inc even as patents expire for some of the technology that has helped its braces gain favor with orthodontists. Shares of the $15.6 billion market cap company are up more than 100 percent for the year to date, and have...

  • Oct 18- Shares in International Business Machines Inc surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one of the world's first big computing names was back on a growth track after six years in retreat. The rise in the share price, last at $159.79, added $12.6 billion to the company's market value and accounted for...

  • TORONTO, Oct 18- Canada's main stock index rose on Wednesday, led by Canadian Pacific Railway Ltd after it reported better-than-expected third-quarter profit after the bell on Tuesday, while financial and energy shares also gained ground. The Toronto Stock Exchange's S&P/TSX composite index was up 36.03 points, or 0.23 percent, at 15,852.93, shortly after the...

  • Oct 18- Health insurer Anthem Inc said on Wednesday it signed a five-year agreement with drug retailer CVS Health Corp to support its newly launched pharmacy benefit management business. The news comes at a time when Anthem is close to expiration of its current contract with pharmacy benefit manager Express Scripts Holding Co.. Shares of CVS Health were up 1.6...

  • SYDNEY, Oct 18- Australia's Crown Resorts Ltd was accused of tampering with poker machines on Wednesday when a lawmaker tabled a video of whistleblowers in parliament, sending shares in the casino firm sliding. The accusations present a fresh headache for Crown, which is nearly half-owned by billionaire James Packer, after the arrest of more than a dozen...