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CNBC Utilities Page Companies

  • *Oil steadies, Qatar bonds extend falls after S&P downgrade. LONDON, June 8- European bonds jumped and the euro and bank shares stumbled backwards on Thursday, as ECB chief Mario Draghi took markets by surprise on Thursday with a robust signal the bank had no plans to cut back its stimulus any time soon. It was the first instalment of a packed day for markets, which...

  • June 8- Department store operator Nordstrom Inc said on Thursday that some members of the controlling Nordstrom family have formed a group to consider taking the company private as it struggles with an industry-wide slowdown in sales. Shares of the company, which had a market value of $6.72 billion as of Wednesday closing, jumped as much 18 percent in their...

  • Shares of the company, which had a market value of $6.72 billion as of Wednesday closing, jumped as much 18 percent in early trading. Nordstrom, however, said the group, which includes Chairman Emeritus Bruce Nordstrom, President James Nordstrom and co-Presidents Blake, Peter and Erik Nordstrom- had not made a formal proposal yet. The special committee has hired...

  • June 8- Department store operator Nordstrom Inc said on Thursday that some members of the controlling Nordstrom family have formed a group to consider taking the company private. Shares of the company, which had a market value of $6.72 billion as of Wednesday closing, rose 16.5 percent in premarket trading. The company, however, said the group had not made a formal...

  • *Investors on guard ahead of Comey's appearance in Senate. TOKYO, June 8- Asian shares wobbled in early Thursday trade as investors braced for any surprises from former FBI director James Comey's congressional appearance, the European Central Bank's policy meeting and the UK general elections. Many investors are wary ahead of Comey's Senate appearance later...

  • TORONTO, June 7- Canada's main stock index fell on Wednesday as a sharp drop in oil prices put pressure on energy shares, while the financials group was little changed even as an analyst upgrade boosted insurer Sun Life Financial Inc.. Some of the biggest weights on the index were Canadian Natural Resources Ltd falling 3.0 percent to C $38.42 and the overall...

  • SHANGHAI, June 7- China stocks advanced on Wednesday, led by the blue-chip CSI300 index closing at a six-month high, as a growing number of listed firms encouraged employees to buy shares, and as the central bank moved to ease fears of a mid-year liquidity crunch. Hopes that MSCI will include China's A shares in its indexes later this month also whetted investors'...

  • CHICAGO, June 6- Macy's Inc could report a full-year gross margin below the department store chain's forecast in February, Chief Financial Officer Karen Hoguet said on Tuesday. Hoguet's comments, made during an investor meeting, sent Macy's shares dropping as much as 7.5 percent to five-year lows, and triggered a slump in shares of other U.S. department store...

  • SAO PAULO, June 6- Yields on Brazilian interest rate futures contracts fell on Tuesday after the minutes from the central bank's latest policy meeting reaffirmed its intention of slowing down the pace of rate cuts next month. Brazil's benchmark Bovespa stock index rose slightly, supported by rising shares of meatpacker JBS SA after its operations in...

  • Prime Minister of Israel Benjamin Netanyahu greet people during his arrival at James Spriggs Payne Airport in Monrovia, Liberia on June 04, 2017.

    Israel is paying renewed attention to Africa over the last few years with an emphasis on high-tech.

  • TOKYO, June 6- Shares in Toshiba Corp rose as much as 4 percent in early Tuesday trading after Asahi newspaper reported it is considering giving U.S. chipmaker Broadcom Ltd the exclusive rights to negotiate to buy its prized chip unit. Broadcom has teamed up with U.S. buyout firm Silver Lake in its bid for the chip business, sources have told Reuters previously.

  • TORONTO, June 2- Canada's main stock index fell on Friday, weighed by weakness in energy stocks due to lower oil prices and a drop in heavyweight financial shares after U.S. jobs growth came in below expectations. At 10:21 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 41.63 points, or 0.27 percent, at 15,428.28. Suncor Energy Inc declined...

  • DETROIT, June 1- The pace of U.S. car and light truck sales slowed in May for the third month in a row despite steep discounts, but investors bid up shares of General Motors Co and Ford Motor Co after executives outlined plans to cut inventories. Ford shares closed up 2.6 percent at $11.41. GM shares closed 1.5 percent higher at $34.43.

  • Shares of Palo Alto, California- based VMware which have risen about 58 percent in the last 12 months dipped 4 percent to $93.48 in trading after the bell. Research and development costs jumped 18.2 percent to $421 million in the quarter, while sales and marketing expenses rose 3.7 percent to $586 million. VMware's net income rose to $232 million, or 56 cents per...

  • TORONTO, June 1- Canada's main stock index rose on Thursday to a more than one-week high in a broad rally led by energy and financial shares, while BlackBerry Ltd jumped after an influential investment firm said the technology company's stock could double. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 120.00 points, or 0.78...

  • DETROIT, June 1- U.S. automakers on Thursday reported flat May sales after two months of declines, and that was enough for investors to bid up shares of General Motors Co and Ford Motor Co.. Ford shares were up 3.3 percent to $11.48 shortly after noon, with GM up 2.3 percent to $34.70. GM, Fiat Chrysler Automobiles and Toyota Motor Corp posted modest declines.

  • TORONTO, June 1- Canada's main stock index rose on Thursday in a broad rally led by steady oil prices that bolstered energy stocks, and a surge in BlackBerry Ltd shares. BlackBerry was among the most influential gainers, jumping 8.3 percent to C $15.46 after Citron Research said it had a 24- month price target of $20 on the stock on expectations the software company...

  • TORONTO, June 1- Canada's main stock index seesawed on Thursday as short-seller target Asanko Gold Inc tumbled, offsetting a rebound in the shares of Element Fleet Management Corp.. The Toronto Stock Exchange's S&P/TSX composite index was down 1.06 points, or 0.01 percent, at 15,348.85, shortly after the open. Four of the index's 10 main groups were lower.

  • *Italy outperforms as Europe shares gain. Wall Street set to rise after private sector jobs data. LONDON, June 1- European stocks rose on Thursday with Italy setting the pace after a big upward revision in first-quarter economic growth, while the dollar rose after forecast-beating U.S. private sector jobs data.

  • June 1- U.S. based farm and construction major Deere& Co said on Thursday it would buy privately held German road construction company Wirtgen Group for $5.2 billion, including debt. Deere's share rose 1.7 percent to $124.55 in premarket trading. Wirtgen makes equipment used in laying roads and has a network of company-owned and independent dealers in about 100...