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CNBC Utilities Page Companies

  • 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...

  • Washington Crossing's Chad Morganlander says he favors "old tech" to "new tech" stocks.

  • Airbnb is getting into family users, helping communities and boosting off-the-beaten-track tourism, says Parin Mehta.

  • Facebook's metrics are "phenomenal" with much room for further monetization down the road, particularly with video, says ABR Investment Strategy CEO Brad Gastwirth.

  • Taco Bell is "hitting it out of the park" for Yum Brands even in a mature market like the U.S., says Sizemore Capital Management's CIO.

  • "As we enter the smartwatch category, I think that will be a catalyst for growth," Chief Executive Officer James Park said on an earnings call. "Investors are positive right now as they did beat at the high end of their revenue guidance, in terms of how they were performing relative to their initial targets, revenue was above," Wedbush Securities analyst Nick McKay said.

  • Fitbit's revenue fell 41 percent to $298.9 million in the first quarter ended April 1. "Consumer demand has been better than our reported results in North America as we work down channel inventory levels," Chief Executive Officer James Park said in a statement. The company posted a loss of $60.1 million, or 27 cents per share, compared with a profit of $11 million, or 5...

  • Investors had high hopes for specific details on merger discussions on the company's post-earnings conference call from Sprint Chairman Masayoshi Son, who is chief executive of Japan's SoftBank Group Corp, Sprint's controlling shareholder. Shares slid 14 percent to close at $7.70, marking Sprint's largest one-day percentage decline since November 2014.

  • Shares of Wichita, Kansas- based Spirit Aero fell as much as 9 percent to $53.06. We're working very hard to close those, "Spirit Aero Chief Executive Thomas Gentile said on a post-earnings call with analysts. You don't know how much cash going to get, and whether they have to give money back to Boeing... it clearly clouds the visibility somewhat, "Cowen& Co analyst Cai Von...

  • May 3- Private-equity firm New Mountain Capital LLC is in advanced talks to buy laboratory equipment supplier VWR Corp in a deal that could be valued at nearly $5 billion, the Wall Street Journal reported, citing sources. Shares of VWR were up 26.2 percent at $36.00 in afternoon trading on Wednesday. VWR, which sells laboratory products such as chemicals, reagents,...

  • SAO PAULO, May 3- Brazilian stocks fell on Wednesday following a mixed batch of corporate earnings and ahead of a key vote on an overhaul of the country's pension system in Congress. Shares of lender Itaú Unibanco Holding SA subtracted the most points from the index after rising defaults kept it from cutting loan-loss provisions as much as investors expected...

  • Investors had high hopes for specific details on merger discussions on the company's post-earnings conference call from Sprint Chairman Masayoshi Son, who is chief executive of Japan's SoftBank Group Corp, Sprint's controlling shareholder. Wells Fargo analyst Jennifer Fritzche said in a research note that in addition to the tone of the conference call,...

  • Investors had high hopes for specific details on merger discussions on the company's post-earnings conference call from Sprint Chairman Masayoshi Son, who is chief executive of Japan's SoftBank Group Corp, Sprint's controlling shareholder. The U.S. Federal Communications Commission barred merger talks among telecommunications companies for over a...

  • May 3- WellCare Health Plans Inc reported a quarterly profit that blew past analysts' estimates, helped by higher enrolments in all its plans and lower costs in its Medicare business, sending its shares up as much as 4.7 percent. The company also raised its full-year revenue and profit forecast, saying it continues to see significant avenues for growth,...