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CNBC Utilities Page Companies

  • CHICAGO, Nov 16- Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and building materials ahead of hurricanes and online purchases soared, sending its shares up more than 7 percent. "Momentum in the business is really strong," Wal-Mart Chief Financial Officer Brett Biggs said on an earnings...

  • Nov 16- Viacom Inc, owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent. The New York- based media company beat analyst estimates on revenue as U.S. advertising sales improved to their strongest...

  • CHICAGO, Nov 16- Wal-Mart Stores Inc, the world's largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 4.4 percent. "We have momentum and it is encouraging to see customers reacting to our store and e-commerce initiatives,"...

  • Shares of the United States' single largest consumer electronics chain fell 4.4 percent to $54.80 before the bell in New York. Its forecast for adjusted earnings for the fourth quarter was $1.89 to $1.99 per share, well short of analysts' consensus expectation of $2.03 per share. The company also said its same store sales suffered by 15 to 20 basis points due to the...

  • CHICAGO, Nov 16- Wal-Mart Stores Inc, the world's largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 3.5 percent. Excluding special items, earnings per share came to $1 in the third quarter ended Oct. 31, exceeding the...

  • LONDON, Nov 16- GKN CEO-designate Kevin Cummings is leaving, the British engineering company announced on Thursday, after the aerospace division he used to run took a surprise writedown, sending the shares down 9 percent. Cummings, head of GKN Aerospace since 2014, was named in September as group chief executive to replace retiring Nigel Stein from January.

  • *Revenues 20.698 bln euros vs 20.735 bln forecast. PARIS, Nov 16- French facilities management and vouchers group Sodexo said its cost reduction plan was on track and expressed confidence it could accelerate sales growth, although its shares fell on disappointment over its margin guidance. Sodexo, the world's second-biggest catering services company after...

  • Nov 16- Hong Kong stocks firmed on Thursday, helped by index heavyweight Tencent Holdings, which climbed to a record closing high after posting solid third-quarter results. The Hang Seng index rose 0.6 percent, to 29,018.76 points, while the China Enterprises Index gained 1.1 percent, to 11,533.96 points. Shares of Chinese internet giant Tencent rose more than 2...

  • MELBOURNE, Nov 16- Australian gas producer Santos Ltd said on Thursday it rejected a A $9.5 billion takeover approach in August, sending its shares up 13 percent on speculation another offer was likely to emerge. It revealed the August approach after a newspaper reported that U.S.-based Harbour, led by a former executive director of Royal Dutch Shell Plc, Linda...

  • *HK-> Shanghai Connect daily quota used 1.1 pct, Shanghai-> HK daily quota used 11.8 pct. SHANGHAI, Nov 16- Hong Kong stocks were firm on Thursday, helped by index heavyweight Tencent Holdings, which surged after posting solid third-quarter results. Shares of Chinese internet giant Tencent, which is only listed in Hong Kong, rose more than 2 percent, as Asia's most...

  • *ADK shares up 1.3 pct, below Bain's 3,660 yen/ share offer. TOKYO, Nov 16- Advertising giant WPP said it would be prepared to raise its stake in Japanese partner Asatsu-DK Inc to 33 percent from 25 percent if a disputed tender offer for the company by U.S. private equity fund Bain Capital failed. But WPP and other large shareholders, including London- based fund manager...

  • HONG KONG, Nov 16- Shares in Yixin Group Ltd, China's largest online car retailer, gained as much as 32 percent on their trading debut in Hong Kong on Thursday, benefiting from rising enthusiasm for technology stocks in the Asian financial hub. Yixin's debut is the latest in a string of technology share offerings in Hong Kong, which have been generating strong...

  • SAN JOSE, Calif.— Shares of Cisco Systems Inc. rose in after-hours trading Wednesday after the internet gear maker reported better-than-expected earnings and forecast revenue growth after two years of decline. Cisco said its earnings adjusted for non-recurring costs and stock option expense, were 61 cents per share in the latest quarter, beating...

  • Nov 15- Activist hedge fund Trian's Nelson Peltz said on Wednesday he won a proxy fight with Procter& Gamble Co for a seat on the company's board. Peltz won by 43,000 votes in a recount, a source told Reuters. Shares of the company were up 3.4 percent at $91.14 after market.

  • Nov 15- Activist hedge fund Trian's Nelson Peltz has won a proxy fight with Procter& Gamble Co and has been appointed to the company's board. Peltz won by 43,000 votes in a recount, a source told Reuters on Tuesday. Shares of the company were up 3.4 percent at $91.14 after market.

  • NEW YORK, Nov 15- U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while tech, the best performing sector this year, weighed the most on the S&P 500.. "Oil coming off recent highs and as crude prices move so the big energy stocks," said Peter Jankovskis, co-chief investment officer at OakBrook...

  • NEW YORK, Nov 15- U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while tech, the best performing sector this year, weighed the most on the S&P 500.. "Oil coming off recent highs and as crude prices move so the big energy stocks," said Peter Jankovskis, co-chief investment officer at OakBrook...

  • NEW YORK— A cautious outlook on the crucial holiday season overshadowed progress Target made in bringing more customers to its stores, pulling its shares down sharply. Retail sales increased 0.2 percent in October, the Commerce Department said, after a 1.9 percent gain in the previous month. The National Retail Federation trade group expects holiday sales to...

  • *China's resources shares slump on demand concerns. SHANGHAI, Nov 15- China's blue-chip index was poised for its biggest one-day loss in three months, as resources shares slumped amid signs of slowing industrial production growth. The largest percentage gainers in the main Shanghai Composite index included SJEC Corp, up 10.01 percent, Hebei Hengshui...

  • NEW YORK, Nov 14- U.S. stock indexes fell on Tuesday as General Electric shares plunged for a second straight day and a drop in crude oil prices hit energy stocks. GE fell 5.9 percent to $17.90 in the largest daily volume in two years as investors wondered if a massive overhaul of the company by new Chief Executive John Flannery will be enough to revive the industrial...