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CNBC Utilities Page Companies

  • TOKYO, Oct 13- Shares of Kobe Steel Ltd slid more than 8 percent early on Friday after the Nikkei newspaper said more than 30 non-Japanese customers including Daimler AG and Airbus SE had been affected by the firm's data falsification. Kobe Steel shares were down 8.5 percent at 0030 GMT after stabilizing on Thursday to close slightly higher.

  • The company has grown rapidly since it was set up by TripAdvisor co-founder Langley Steinert in 2006, and said in its IPO filing it had 61 million average monthly users and 5.4 million car listings in the United States as of June 30. The Cambridge, Massachusetts- based company's IPO was priced at $16 per share, above the previously outlined $13- $15 range, and raised...

  • The fourth-biggest U.S. bank by assets said on Thursday that net income rose to $4.13 billion in the third quarter ended Sept. 30 from $3.84 billion a year earlier. Earnings per share rose about 15 percent to $1.42 from $1.24 as the company shrank the number of shares outstanding by 7 percent- buying back stock under its biggest capital return plan approved by the...

  • The fourth-biggest U.S. bank by assets said on Thursday that net income rose to $4.13 billion in the third quarter ended Sept. 30 from $3.84 billion a year earlier. Earnings per share rose about 15 percent to $1.42 from $1.24 as the company shrank the number of shares outstanding by 7 percent- buying back stock under its biggest capital return plan approved by the...

  • Domino's shares have gained 31.3 percent this year, as the company has outperformed rivals such as Yum Brands' Pizza Hut. Net income rose to $56.4 million, or $1.18 per share, from $47.2 million, or 96 cents per share, a year earlier. Excluding items, the company earned a profit of $1.27 per share, beating analysts' average estimate of $1.22, according to Thomson Reuters...

  • Oct 12- JPMorgan Chase& Co's quarterly profit and revenue easily trumped Wall Street's expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates. Shares of JPMorgan, which kicked off earnings for banks in the United States, dipped 0.66 percent to $96.20 in premarket trading. "The results were solid but not...

  • Oct 12- JPMorgan Chase& Co, the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue. Shares dipped 0.25 percent at $96.67 in premarket trading. Net profit rose to $6.73 billion, or $1.76 per share, for the third quarter ended Sept. 30, from...

  • NEW YORK, Oct 11- Concern among investors that General Electric Co may not generate enough cash this year to fully cover its dividend and other promised spending sent its stock to its lowest level in more than four years on Wednesday. The shares fell 1.2 percent to $23.07 after JPMorgan said a dividend cut was "increasingly likely" and lowered its price target on...

  • NEW YORK, Oct 11- Concern among investors that General Electric Co may not generate enough cash this year to fully cover its dividend and other promised spending sent its stock to its lowest level in more than four years on Wednesday. The shares fell 1.2 percent to $23.07 after JPMorgan said a dividend cut was "increasingly likely" and lowered its price target on...

  • Oct 11- Kroger Co said on Wednesday it was exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online businesses in a market share war that has intensified since Amazon.com Inc's purchase of Whole Foods. Kroger is revamping its nearly 2,800 brick-and-mortar supermarkets, lowering prices, bolstering...

  • Oct 11- Kroger Co said on Wednesday it is exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online business in a market share war that has intensified since Amazon.com Inc's purchase of Whole Foods. Its nearly 2,800 U.S. supermarkets have been lowering prices and exploring new ways to sell food as it...

  • Oct 11- Kroger Co said on Wednesday it is exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its Web business in a market share war that has intensified after Amazon.com Inc's purchase of Whole Foods. The company, with nearly 2,800 U.S. supermarkets, has been lowering prices and exploring new ways to sell food...

  • Oct 11- Kroger Co said on Wednesday it is exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its Web business in a market share war that has intensified after Amazon.com Inc's purchase of Whole Foods. The company, with nearly 2,800 U.S. supermarkets, has been lowering prices and exploring new ways to sell food...

  • TORONTO, Oct 11- Canada's main stock index rose broadly on Wednesday to a 7-1/ 2- month high, led in part by a surge in Pretium Resources Inc shares. Pretium Resources rallied 21.2 percent to C $14.7 after the company said its Brucejack mine produced 82,203 ounces of gold in the third quarter. By 10:35 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index...

  • Oct 11- Coach Inc will change its corporate name to Tapestry Inc, it said on Wednesday, as it creates a broader umbrella for its high-end brands without diluting the iconic name known mainly for selling luxury handbags. The company's shares were down 2 percent in early trading following the announcement in which Tapestry will be the holding company that will...

  • Kroger Co. says the business, which has more than 780 stores and 11,000 employees, would be more valuable outside of the company. Shares of the Cincinnati- based company soared nearly 6 percent to $21.71 in morning trading Wednesday. Grocery store operators have been under pressure after Amazon.com Inc. bought Whole Foods this summer.

  • Kroger shares jumped 6.4 percent to $21.84. The company, with nearly 2,800 U.S. supermarkets, has been lowering prices and exploring new ways to sell food as it battles rivals such as Wal-Mart Stores Inc, discounters Lidl and Aldi, and the newly merged Amazon.com Inc and Whole Foods Market. "This is the result of a review of assets that are potentially of more value...

  • OSLO, Oct 11- Shares in oilfield services firm Subsea 7 rose on Wednesday on an unconfirmed report it had been in talks with Baker Hughes about a possible takeover, but that the talks had now ended. A Wall Street Journal report, which quoted anonymous sources, said the discussions broke down over the price but could be revived. They had been up 1.9 percent when the Oslo...

  • TOKYO, Oct 11- Japan's Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain. Investors, worried about the potential legal ramifications and the financial impact for Kobe, dumped the stock for a...

  • Oct 11- Hong Kong stocks fell on Wednesday, pressured by a sharp reversal in property shares after the city's chief executive unveiled a mix of housing and tax relief policies that disappointed some investors. In her maiden policy speech, Carrie Lam on Wednesday warned the city faced "grave" challenges and must develop a diversified and high value economy.