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CNBC Utilities Page Companies

  • Randall Stephenson, Chairman and CEO of AT&T

    AT&T and the DOJ could be on their way to a major court battle, which one analyst believes the company stands a strong chance of winning.

  • The company's net income, however, fell 20 percent to $117 million, or 70 cents per share, in the third quarter, clouding the first increase in comparable-store sales in seven quarters. Sales in the middle of the quarter were soft due to disruptions from hurricanes and other unseasonal weather, Kohl's Chief executive Kevin Mansell said. Analysts on average had...

  • LONDON, Nov 9- British luxury brand Burberry will shift further up-market and more regularly update its fashion range but its shares dived 11 percent as investors focused on the cost of new Chief Executive Marco Gobbetti's plan. The company, which announced last week that Christopher Bailey, the designer who turned Burberry into a global label, would leave next...

  • STOCKHOLM, Nov 8- Mobile network equipment maker Ericsson has pushed back its profit margin target by two years, dampening hopes of a quick recovery in its fortunes despite sweeping cost cuts. The next is we see the end market weaker than we thought at the time, "Chief Executive Borje Ekholm told investors at a capital markets day in New York. Once the world's biggest...

  • Nov 8- Snap Inc said on Wednesday that Chinese tech and media investment firm Tencent Holdings Ltd had taken a 12 percent stake in the company, a day after the owner of disappearing-messaging app Snapchat was punished by Wall Street for disappointing quarterly results. Snap's shares fell 16 percent to $12.67, well below their $17 initial public offering price...

  • NEW YORK, Nov 8- Health insurer Humana Inc on Wednesday said its 2018 profit growth would be "a bit below" 11 percent as the specialist in Medicare healthcare for the elderly and disabled faces off against challenges such as the reinstatement of a 3 percent industry-wide health insurance tax. Humana shares fell 6 percent to $240.55 after the company's executives...

  • Nov 8- Health insurer Humana Inc on Wednesday said its 2018 profit growth would be "a bit below" 11 percent as the specialist in Medicare healthcare for the elderly and disabled faces off against challenges such as the reinstatement of a 3 percent industry-wide health insurance tax. The company also flagged a membership drop in its Medicare prescription drug...

  • PARIS, Nov 8- Shares in French video games maker Ubisoft, in which media group Vivendi has a stake, climbed to a record high on Wednesday after the company's second-quarter sales beat its targets. Ubisoft reported late on Tuesday that its second-quarter sales had risen 85.8 percent to 264.2 million euros. "We view Ubisoft's top line as being geared to the ongoing...

  • *Shares of Snapchat operator Snap were down 7.2 percent in choppy premarket trading after China's Tencent took a 12 percent stake. *Senate Republican leaders are considering a one-year delay in the implementation of a major corporate tax cut to comply with Senate rules, The Washington Post reported on Tuesday, citing unidentified sources.

  • PARIS, Nov 8- Shares in French video games maker Ubisoft, in which media group Vivendi has a stake, rose to a record high on Wednesday after the company's second-quarter sales beat its targets. Ubisoft shares were up 6 percent at 69.09 euros in early session trading, hitting record highs. "We view Ubisoft's top line as being geared to the ongoing strong trends in...

  • *Outstanding margin loans in China exceeds 1 trln yuan. SHANGHAI, Nov 8- Hong Kong stocks rose to a fresh decade high on Wednesday morning, powered by investor enthusiasm for tech stocks, as shares in China Literature Ltd doubled in their red-hot debut. The stock rose to as much as HK $100 in early trade, compared with its initial public offering price of HK $55 per...

  • *Outstanding margin loans in China exceeds 1 trln yuan. SHANGHAI, Nov 8- Hong Kong stocks rose to a fresh decade high on Wednesday morning, powered by investor enthusiasm for tech stocks, as shares in China Literature Ltd doubled in their red-hot debut. The stock rose to as much as HK $100 in early trade, compared with its initial public offering price of HK $55 per...

  • TORONTO, Nov 7- Canada's main stock index added to its record highs on Tuesday, boosted by a jump in the shares of Valeant Pharmaceuticals International Inc after the company's earnings beat estimates, while some energy shares also climbed. The most influential movers on the index also included some oil stocks, with Suncor Energy advancing 1.6 percent to C...

  • Nov 7- Snapchat-owner Snap Inc on Tuesday reported slower user growth than Wall Street expected and said it was redesigning the app, sending shares down about 20 percent on concerns it was being beaten by established rivals such as Facebook Inc's Instagram. In its third earnings report since the company went public in March with a $3.4 billion valuation, Snap...

  • Snap's average revenue per user rose to $1.17 in the latest quarter, from 84 cents a year earlier, but missed analysts average estimate of $1.30. Snap, in its third earnings report since the company went public in March with a $3.4 billion valuation, posted a net loss of $443.2 million, or 36 cents per share, compared with a loss of $124.2 million, or 15 cents per share, a...

  • TORONTO, Nov 7- Canada's main stock index added to its record highs on Tuesday, boosted by a jump in the shares of Valeant Pharmaceuticals International Inc after the company's quarterly profit beat estimates, while energy shares also climbed. The Toronto Stock Exchange's S&P/TSX composite index unofficially ended up 39.59 points, or 0.25 percent, at...

  • Nov 7- Emerson Electric Co gave marginally weaker earnings guidance for 2018 than Wall Street had expected on Tuesday, sending shares in the U.S. factory automation equipment maker down as much as 2.8 percent. Emerson said adjusted net earnings per share for fiscal year ending September, 2018 were expected to be $2.85 at the mid point, compared with an average...

  • SAO PAULO, Nov 7- Brazilian stocks fell on Tuesday on fading expectations that President Michel Temer will manage to further cut government spending after corruption charges drained his political clout. The benchmark Bovespa stock index fell 1.6 percent to a two-month low, with shares of loyalty program Smiles SA the biggest decliners.

  • *Yellen to speak at award presentation at 2:30 p.m. ET. Shares of Valeant Pharma surged 14.2 percent after the company's profit beat Wall Street estimates due to strength in its eye-care Bausch+ Lomb business. Negotiations on President Donald Trump's tax bill have begun after House Republicans last week unveiled a first draft that proposed a range of cuts...

  • The company's shares were trading at $1,715 and were the biggest drag on the S&P 500. Priceline said on Monday it expected adjusted profit of $13.40 per share to $14.00 per share, well short of analysts' average estimate of $15.56, according to Thomson Reuters I/B/E/S. At least 10 brokerages cut their price targets on the stock, with Deutsche Bank the most bearish,...