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CNBC Utilities Page Companies

  • May 25- Manulife Financial Corp, Canada's biggest life insurer, said Roy Gori, head of its Asia division, would succeed company veteran Donald Guloien as its chief executive officer. Gori's appointment comes at a time when the company is expanding in Asia as the region's burgeoning middle class looks to save and invest. The company's shares were up 1.2 percent at C...

  • CHICAGO, May 25- Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an 11- year high on Thursday. The Richfield, Minnesota- based Best Buy, like home-improvement chain Home Depot Inc, has benefited as an improving...

  • CHICAGO, May 25- Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported an unexpected rise in first-quarter comparable sales on Thursday, helped by demand for gaming and mobile products. Net income fell to $188 million, or 60 cents a share, in the three months ended April 29, from $229 million, or 70 cents per share a year earlier. Revenue climbed 1 percent to $8.53...

  • SHANGHAI, May 25- China stocks rose sharply on Thursday morning, as investors dump small-caps but swarmed into blue-chips, amid rising hopes that global index provider MSCI Inc will agree next month to add mainland shares to its benchmark. The market appears to have shrugged off Moody's downgrade of China's credit rating on Wednesday, after several senior...

  • Bunge shares were trading slightly higher at midafternoon at $82.09 after earlier touching a peak of $82.96, the highest since July 2015. Low commodity prices and a global glut of grain have squeezed core commodity trading operations for Bunge as well as rivals Archer Daniels Midland Co, Cargill Inc and Louis Dreyfus Co.. Bunge, with a nearly $11.5 billion...

  • EPS 72 cents vs. est. of 70 cents. Analysts polled by Consensus Metrix expected a 0.5 percent drop in the Americas and a growth of 1.3 percent in the Asia-Pacific region in the first quarter ended April 30. "Mainland China was very strong, but other parts of China were weaker and Macau and Hong Kong have been struggling now for a little while," Yarbrough added.

  • TORONTO, May 23- Canada's main stock index rose on Tuesday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd shares, as trading resumed a day after the Victoria Day holiday. Bank of Nova Scotia climbed 0.9 percent to C $76.17 and Toronto Dominion Bank gained 0.8 percent to C $63.57. "The banks are up today on the...

  • TORONTO, May 23- Canada's main stock index rose on Tuesday after the Victoria Day holiday Monday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd shares. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 18.48 points, or 0.12 percent, at 15,476.94. Just four of the index's 10 main groups...

  • The company did not say more about a potential offer that its Glencore Agriculture Ltd unit made to Bunge. Shares of Bunge surged earlier on Tuesday after the Wall Street Journal reported that commodities trader Glencore Plc has approached the U.S. agribusiness group about a takeover. The report comes amid heightened expectations of consolidation among...

  • May 23- Shares of Bunge Ltd surged on Tuesday after the Wall Street Journal reported that commodities trader Glencore Plc has approached the U.S. agribusiness group about a takeover. The report comes amid heightened expectations of consolidation among large grain traders as a global oversupply and thin trading margins have squeezed the core grain trading...

  • May 23- Shares of Bunge Ltd surged about 16 percent on Tuesday after a media report suggested the U.S. agribusiness a takeover target of commodities trader Glencore PLC. It is unclear where any discussions between the companies stand and there may not be any deal, sources familiar with the matter told The Wall Street Journal. Shares of Bunge, which had a market...

  • TORONTO, May 23- Canada's main stock index rose on Tuesday after the Victoria Day holiday Monday, bolstered by bank stocks and a surge in BlackBerry Ltd shares. BlackBerry Ltd stock jumped 8.8 percent to C $15.27, as investors raised expectations that the technology company's cyber security and automotive software sectors will post strong growth, an analyst...

  • May 23- Toll Brothers Inc's profit and revenue beat analysts' estimates, boosted by robust demand and the U.S. luxury homebuilder raised its sales forecast for fiscal 2017.. Shares of the company, which builds homes that can cost upwards of $2 million, rose 3.5 percent in premarket trading on Tuesday. "This was the best spring selling season we have had in over 10...

  • A Cathay Pacific 747 passenger plane.

    Cathay Pacific Airways denied a report that it is retrenching another 200 employees, in addition to the 600 job cuts it announced earlier.

  • NEW YORK, May 22- Ford Motor Co's unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest U.S. automaker rose 2.1 percent Monday, a relatively muted reaction given the 0.5 percent gain in the broad Standard& Poor's 500 index. There's just nothing out there...

  • May 22- Shares of Puma Biotechnology Inc surged about 80 percent on Monday after the U.S. Food and Drug Administration staffers concluded after a preliminary review that the company's experimental breast cancer drug was effective. The FDA has scheduled an advisory committee meeting on May 24 to discuss the company's breast cancer drug.

  • TOKYO, May 22- Japan's Nikkei share average rose on Monday morning following gains in U.S. shares, but the dollar's weakness and U.S. political turmoil kept investors nervous and limited gains in the market. Meanwhile, index-heavyweight SoftBank Group Corp rose more than 2 percent and added a hefty positive 20 points to the Nikkei benchmark index after raising...

  • SINGAPORE, May 22- Shares of AusGroup Ltd rose 5.6 percent on Monday after the Singapore- listed company said it was proposing a debt-to-equity swap of S $110 million of bonds, looking to cut interest costs and improve its balance sheet. AusGroup, which provides services from construction to engineering and also operates in the troubled marine industry, said it...

  • Shares of the company, which also sells Pepperidge Farm snacks and Prego pasta sauce, fell as much as 5.16 percent to $54 before the bell on Friday. Campbell, however, raised its adjusted profit forecast for the year to $3.04- $3.09 per share from $3.00- $3.09 per share. Net income attributable to the company fell to $176 million, or 58 cents per share, in the third...

  • Deere now expects fiscal 2017 net income attributable to the company to be about $2 billion, up from $1.5 billion previously. "We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery," Chief executive Samuel Allen said in a statement. Net income attributable to Deere rose to $802.4...