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CNBC Utilities Page Companies

  • April 19- Activist investor Jana Partners disclosed a 9.1 percent stake in Pinnacle Foods Inc and said it would seek talks with the company on a range of subjects including a possible sale of the packaged foods maker. Jana, in a regulatory filing, also said it would have talks with Pinnacle about the composition of its board of directors. Its shares rose nearly 8...

  • April 19- Toymaker Mattel Inc's Chief Executive Officer Margaret Georgiadis is in discussions to leave the company, the Wall Street Journal reported https://www.wsj.com/articles/mattel-ceo-margo-georgiadis-in-talks-to-leave-the-c o m p a n y- 1 5 2 4 1 6 6 5 2 1? m o d= b r e a k i n g n e w s, citing people familiar with the matter. Shares of the company fell 1.5...

  • ZURICH, April 19- Swiss drugmaker Novartis' first quarterly results under new CEO Vas Narasimhan have been marred by a prized psoriasis treatment that disappointed and a sharp slump in sales by its U.S. generics unit. The stock declined 2.2 percent at 1200 GMT, more than double the fall of the broader European Healthcare index after the company released...

  • ZURICH, April 19- Swiss drugmaker Novartis' first quarterly results under new CEO Vas Narasimhan have been marred by a prized psoriasis treatment that disappointed and a sharp slump in sales by its U.S. generics unit. The stock declined 1.9 percent at 0910 GMT, more than double the fall of the broader European Healthcare index after the company released...

  • *Shares climb, among top performers on Paris market. PARIS, April 19- French advertising group Publicis on Thursday delivered better-than-expected sales growth driven by a rebound in its biggest market in North America in the first quarter. Publicis' shares rose sharply, with the stock up 5.6 percent in early session trading- among the top performers on France's...

  • *Shares climb, among top performers on Paris market. PARIS, April 19- France's Publicis on Thursday posted better-than-expected growth in underlying sales in the first quarter, driven by the rebound of it North American activities. Publicis' shares rose sharply following its sales figures, with the stock up 4.3 percent in early session trading- among the top...

  • April 18- Credit card issuer American Express Co topped Wall Street targets for quarterly profit and forecast annual earnings at the high end of its expected range as a strengthening U.S. economy contributed to higher customer spending. AmEx now expects yearly earnings at the high end of its $6.90 to $7.30 per share forecast. AmEx said net income attributable...

  • PIKEVILLE, Ky. _ Community Trust Bancorp Inc. on Wednesday reported first-quarter profit of $15.8 million. The bank holding company for Community Trust Bank posted revenue of $53.9 million in the period. Community Trust Bancorp shares have declined slightly more than 2 percent since the beginning of the year.

  • Tech giants could inadvertently benefit from rules aimed at strengthening consumer control over personal data

  • April 17- International Business Machines Corp posted profit margins that fell short of Wall Street expectations on Tuesday, a sign that its reinvention was taking time. "The margins were well below the expectations," Pivotal Research analyst Lou Miscioscia said. Wedbush Securities analyst Moshe Katri said IBM's legacy hardware business continuing to weigh...

  • *Amazon up 4 percent, highest since March 27. NEW YORK, April 17- U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season. Shares in Netflix, the first of Wall Street's leading momentum stocks to report earnings, rose 9 percent to close at a...

  • April 17- International Business Machines Corp reported full-year profit forecast that missed Wall Street expectations, sending the shares of the company down 6 percent in extended trading. IBM said it continues to expect adjusted earnings per share of at least $13.80, while analysts were expecting $13.83. Net profit fell to $1.68 billion, or $1.81 per share,...

  • SAO PAULO, April 17- Brazilian power distribution company Eletropaulo Metropolitana SA's shares soared on Tuesday after the company disclosed two rival takeover bids from European energy firms. Enel's offer came hours after Neoenergia SA, controlled by Spain's Iberdrola SA and Brazilian pension funds, said it would pay 25.51 reais per share.

  • April 17- Canada's main stock index rose on Tuesday, helped by upbeat manufacturing data and as energy shares rose alongside oil prices. *At 10:01 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was up rose 26.57 points, or 0.17 percent, at 15,326.95. *Also helping was Open Text's 3.5 percent rise after activist hedge fund Blue Harbour Group LP CEO...

  • A pedestrian passes a sign on the Qualcomm campus in San Diego, California.

    A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a U.S. company that is a major supplier of chips for ZTE's phones.

  • April 17- Tokyo Electric Power Company Holdings Inc shares rose more than 4 percent on the expectation that Tepco could restart the Kashiwazaki-Kariwa nuclear power plant in Niigata prefecture after Japanese media reported that the region's governor, who has opposed the restart, may resign. Niigata Governor Ryuichi Yoneyama said on national broadcaster...

  • April 16- Shares of U.S. drug suppliers rose on Monday after a report that Amazon.com Inc had dropped plans to sell drugs to hospitals, in a boost to a pharmaceutical supply chain rattled by the looming threat of competition from the online retailer. Healthcare investors expect Amazon will become a major force in the industry, fueled by recent media reports that...

  • April 16- Shares of U.S. drugstore chains and drug distributors rose on Monday after CNBC reported https://www.cnbc.com/2018/04/16/amazon-business-not-selling-drugs-but-other-amaz o n- g r o u p s- m i g h t. h t m l that Amazon.com Inc had shelved its plans to sell and distribute pharmaceutical products to hospitals. Stocks of drug distributors McKesson,...

  • Sir Martin Sorrell

    Analysts are suggesting Sorrell's departure could represent an opportunity for some much-needed new thinking in a rapidly changing industry.

  • LONDON— Shares in WPP, the world's biggest advertising company, have fallen as much as 5.6 percent amid speculation it will be broken up after the resignation of CEO Martin Sorrell. Sorrell, who built WPP into a conglomerate during his 33 years at the helm, stepped down after an investigation into allegations he misused company assets. Liberum analyst Ian...