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CNBC Utilities Page Companies

  • In a vote of confidence for the company, SunPower said its majority owner, France's Total, had agreed to guarantee up to $100 million of its $300 million credit revolver facility through August of 2019.. SunPower forecast a second-quarter loss of $135 million to $110 million, bigger than analysts' average estimate of $101.2 million, according to Thomson Reuters...

  • The Needham, Massachusetts- based company's shares rose about 6 percent to $49.55 in after-hours trading. The company's total revenue rose to $372 million in the first quarter ended March 31, from $352 million a year earlier. Net income fell to $13 million, or 9 cents per share, from $29 million, or 20 cents per share.

  • May 9- Canada's biggest non-bank lender Home Capital Group Inc, said an unnamed buyer intends to purchase up to C $1.5 billion worth of its mortgages, helping its shares rise by 30 percent on Tuesday. "It gives them breathing room," said Norman Levine, managing director at Portfolio Management Corp, which oversees C $625 million but does not hold the stock.

  • SAN FRANCISCO, May 9- Shares of gun makers surged on Tuesday after Sturm Ruger& Company Inc's quarterly results suggested demand is recovering following a steep sales drop after the election of Donald Trump as president. Sturm Ruger shares jumped as much as 16 percent and were still up 10 percent at $63.15 in afternoon trading. He raised his price target for Sturm...

  • The VIX, Wall Street's "fear gauge", hit its lowest level in more than a decade earlier in the day. However, analysts cautioned against investor complacency, especially after the market's strong run since Donald Trump's election as U.S. president. "In the short-term, investors can enjoy this run, but they should start to hedge their positions and look for safety," said...

  • Shares of CBOE, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, were up as much as 3.1 percent in morning trade, touching a record high of $84.81. CBOE's net income allocated to common shareholders fell to $15.1 million, or 16 cents per share, in the first quarter ended March 31, from $49.2 million, or 60 cents per share, a year earlier.

  • TORONTO, May 9- Canada's main stock index dipped on Tuesday as energy shares fell, offsetting a jump in Home Capital Group Inc on a plan to sell part of its mortgage book, while Valeant Pharmaceuticals International Inc also climbed. The Toronto Stock Exchange's S&P/TSX composite index was down 13.91 points, or 0.09 percent, at 15,638.17. Six of the index's 10 main...

  • *Q1 adjusted EPS of $0.16 tops estimates of $0.12. May 9- Office supply chain Office Depot Inc reported a bigger-than-expected quarterly profit as expenses fell, in part due to a lower store count, sending the retailer's shares up as much as 7 percent on Tuesday. The Boca Raton, Florida- based company is also sharpening its focus on North America by divesting its...

  • The Chicago- based company, whose shares were flat in premarket trading, said operating expenses rose primarily due to $65.2 million in acquisition-related costs. The operating expenses of the company, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, rose to $167.3 million from $63.6 million, a year earlier. The company's net income...

  • Elliot Advisors, the hedge fund that has been pushing Dutch paint maker Akzo Nobel to enter takeover talks with U.S. peer PPG Industries, said on Tuesday it had launched legal action in an attempt to oust Akzo chairman Antony Burgmans.

  • TORONTO, May 8- Canada's benchmark stock index rose on Monday as energy stocks climbed after investors gauged the recent selloff had gone too far, while shares of Home Capital Group Inc recovered from a nearly 14- year low to end 16.8 percent higher. "Investors think at this point maybe the market is oversold," said Brian Pow, vice president, research and equity...

  • TORONTO, May 8- Canada's benchmark stock index rose on Monday as energy stocks climbed after investors gauged the recent selloff had gone too far, while shares of Home Capital Group Inc recovered from a nearly 14- year low to end 16.8 percent higher. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 70.04 points, or 0.45 percent, at...

  • NEW YORK, May 8- Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ideas. Shares in Toronto- listed DHX Media Ltd, which owns rights to popular children's television shows including Bob the...

  • Chief Financial Officer Howard Katzenberg said on a Monday conference call to discuss the financial results that the stricter credit requirements would lead to a 20 percent drop in originations in the second quarter from the previous three months. Reflecting the changes, the company lowered its full-year net revenue outlook to a range of $342 million to...

  • DUBAI, May 8- Shares of builder Drake& Scull rose in the final hour of trade on Monday as retail investors reacted to some potentially positive news from the company, while the region recovered some of the previous session's losses. DSI, which fell by a little more than 5 percent earlier in the session, closed 0.8 percent higher after chief executive Wael Allan told...

  • Winners and losers from an Obamacare repeal

    Med tech win, hospitals lose, says Ariel Investments' Charles Bobrinskoy.

  • *Hearing adjourned until June 2. The Ontario Securities Commission has accused Home Capital of hiding fraudulent mortgage broker activity from shareholders for months and the allegations have already contributed to Canada's largest non-bank lender suffering a share-price nosedive and run on deposits, prompting it to secure C $2 billion emergency...

  • *Capex of $576 mln in Q1 well above estimates of $494 mln. Chesapeake's capital expenditure of about $576 million during the three months ended March 31 was also well above analysts' estimates of $494 million. Oklahoma-based Chesapeake also raised the lower end of its 2017 capital expenditure forecast by $200 million to $2.1 billion, but retained the upper end...

  • LONDON, May 4- London- listed insurer RSA reported a 14 percent rise in first-quarter net written premiums on Thursday and said operating profits were ahead of plan, sending its shares higher. Best known in Britain for its More Than brand, RSA has been selling businesses and cutting costs under Chief Executive Stephen Hester, former boss of RBS, who joined in 2014 to...

  • *Q1 profit before tax $5 bln versus $6.1 bln a year ago. HONG KONG/ LONDON, May 4- HSBC Holdings Plc on Thursday reported better than expected first-quarter profits and capital position on Thursday, boosting the lender's share price in Hong Kong as the bank seeks to move from restructuring to growth. HSBC's shares rose 2 percent in Hong Kong following the...