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CNBC Utilities Page Companies

  • LONDON, July 19- British engineer Babcock cut its full-year revenue growth target on Thursday as delays in government spending on submarines hit its Marine division, sending its shares down more than 10 percent. The combination of the disposals and marine slowdown prompted Babcock, a FTSE 250 company with a market value of 4.1 billion pounds, to say it now...

  • DALLAS— United Airlines had its best day on the stock market in two years— pulling other airlines along in its slipstream— after saying it can cover most of the increase in fuel prices. Shares of United Continental Holdings Inc. rose $6.38, or 8.8 percent, to close Wednesday at $79. But with strong travel demand pushing up prices, CEO Oscar Munoz says United is...

  • PEORIA, Ill. _ RLI Corp. on Wednesday reported second-quarter profit of $33.3 million. On a per-share basis, the Peoria, Illinois- based company said it had profit of 74 cents. RLI Corp. shares have climbed 14 percent since the beginning of the year.

  • NEW YORK— The latest on developments in financial markets:. Airline stocks rose sharply Wednesday, led by a 8.8 percent surge in United Continental after the company reported a huge increase in earnings. Berkshire Hathaway rose 5.3 percent after easing restrictions on buying back its own shares.

  • July 18- Berkshire Hathaway Inc shares rallied on Wednesday after the conglomerate's board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion stockpile of cash. The company's Class A shares climbed $14,470, or 5 percent, to $302,970 in afternoon trading, while its Class B shares rose $10.32, or...

  • *Raises 2018 EPS to $3.15- $3.35, from $2.95- $3.15. Backlog in the business, which makes Cessna business jets and is the largest contributor to total revenue, was flat at $1.6 billion in the quarter compared with the preceding quarter. "We think aviation book-to-bill of 1 x in face of expected improving end market is the reason for weakness," Stephens Inc analyst Drew...

  • July 18- Berkshire Hathaway Inc shares rose on Wednesday after its board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks, which the conglomerate has not done since 2012.. Class A shares of Berkshire gained $10,305, or 3.6 percent, to $298,805 in morning trading, while Class B shares rose $7.47, or 3.9 percent, to $197.88 on the...

  • PIKEVILLE, Ky. _ Community Trust Bancorp Inc. on Wednesday reported second-quarter profit of $11.6 million. The bank holding company for Community Trust Bank posted revenue of $55.8 million in the period. Community Trust Bancorp shares have climbed nearly 6 percent since the beginning of the year.

  • COPENHAGEN, July 18- Danske Bank said on Wednesday it would forgo profits made from transactions in Estonia that are subject to a money laundering investigation and that its 2018 net profit would be at the low end of its target range. Shares in Denmark's biggest lender have fallen 25 percent since March as allegations its Estonia branch was involved in money...

  • July 18- Hong Kong shares fell slightly on Wednesday, with risk appetite curbed by renewed yuan weakness. **China's yuan hit two-week lows against a broadly stronger U.S. dollar on Wednesday, breaching the key 6.7 per dollar level. **Around the region, MSCI's Asia ex- Japan stock index was weaker by 0.05 percent while Japan's Nikkei index closed up 0.43 percent.

  • PARIS, July 18- Ubisoft shares rose to record highs on Wednesday after the video games company reported strong first-quarter sales figures and kept its full-year targets. Shares in the company rose as much as 7.6 percent to a record intraday high of 107.15 euros at the start of trading, before edging back to 105.50 euros at 0702 GMT, up 6 percent.

  • July 17- CSX Corp on Tuesday posted quarterly profit that topped Wall Street's target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency. Second-quarter net income rose to $877 million, or $1.01 per share, from $510 million, or 55 cents per share, in the year-ago period that included a $115 million...

  • July 17- CSX Corp on Tuesday posted quarterly profit that topped Wall Street's target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency. Second-quarter net income rose to $877 million, or $1.01 per share, from $510 million, or 55 cents per share, in the year-ago period that included a $115 million...

  • July 17- CSX Corp on Tuesday posted a second-quarter profit that topped Wall Street's target after the No. 3 U.S. railroad operator continued to benefit from its drive to slash expenses and boost efficiency. CSX shares rose 2.9 percent to $66.28 in extended trading on Nasdaq. Jacksonville, Florida- based CSX had net income of $877 million, or $1.01 per share, up from...

  • July 16- Shares of Tesla Inc fell over 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children last week. Tesla shares were at $307.20 in after-hours trading on Monday from Friday's close of $318.87. James Anderson, a partner at Tesla's fourth-largest shareholder,...

  • July 16- Shares of Tesla Inc fell 2.75 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. James Anderson, a partner at Tesla's fourth-largest shareholder, asset manager Baillie Gifford, called the weekend's events "a regrettable instance" and said he...

  • *Energy stocks fall as crude prices tumble. NEW YORK, July 16- The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season. The company missed Wall Street forecasts for U.S. and international subscribers.

  • July 16- Netflix Inc missed Wall Street forecasts for U.S. and international subscribers, saying it had overestimated the pace of new additions for April through June but remained confident in long-term growth. The company added 670,000 subscribers in the United States, well below analysts' estimates of 1.19 million, according to Thomson Reuters I/B/E/S.

  • July 16- Shares of Tesla Inc fell 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. James Anderson, a partner at Tesla's fourth-largest shareholder, asset manager Baillie Gifford, called the weekend's events "a regrettable instance" and said he had...

  • The bank's shares were up 2.4 percent to $29.24 in morning trading. During his near-decade long tenure, Chief Executive Brian Moynihan has focused on making the bank's sprawling operations more efficient. The corporate tax cuts have helped boost Bank of America's bottom line along with its Wall Street peers, while Federal Reserve interest rate hikes have...