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CNBC Utilities Page Companies

  • 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...

  • TOKYO, May 19- Japan's Nikkei share average edged up on Friday as bargain hunters snapped up financial stocks heavily sold the previous day, but gains were limited as political uncertainty in the United States kept investors cautious. The Nikkei ended 0.2 percent higher at 19,590.76, crawling back from negative territory in early trade. Takata Corp jumped 20...

  • TOKYO, May 19- Japan's Nikkei share average dipped on Friday with investors unsettled by White House turmoil, although Takata Corp shares rose after four carmakers settled claims over the company's airbag inflators. "When the United States is involved, it is simply not just geopolitical risk as the Trump presidency had come with hopes for stimulus attached,"...

  • LAS VEGAS, May 18- Hedge fund manager Jason Karp on Thursday said that shares of Sarepta Therapeutics Inc could climb as much as 200 percent and noted the biotech company could be an attractive takeover candidate. Its sales could climb to $600 million from $75 million now, said Karp, who specializes in picking stocks. By the end of next year the stock price could hit...

  • *Same-store sales down 12 pct vs est 6.5 pct. May 18- Ralph Lauren Corp reported its ninth straight fall in quarterly sales at established stores as fewer customers visited its stores, sending the company's shares down 3 percent to levels last seen during the financial recession. That contributed to a 16.3 percent fall in overall sales to $1.57 billion, also hurt...

  • CHICAGO, May 18- Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores, as a huge investment to bring more customers into the discount retailer paid off and a bigger push into e-commerce boosted online purchases, sending its shares to a 52- week high. "Wal-Mart's long string of investments in labor and...

  • Shares of Athenahealth, a $4.1- billion company based in Watertown, Mass., jumped 15.7 percent to $123 in premarket trading. Elliott is a $33- billion multi-strategy hedge fund and an aggressive activist investor, launching more activist campaigns than any other hedge fund in the last few years. The New York- based fund has broadened out its activism, from the...

  • The company said on Wednesday it expected revenue for its fourth quarter to fall between 4-6 percent from a year earlier, implying a range of $11.88 billion- $12.13 billion. Analysts on average had expected revenue of $12.51 billion, according to Thomson Reuters I/B/E/S. The company's net income rose to $2.52 billion, or 50 cents per share, in the third quarter...

  • Shares of the company rose 7.1 percent to $58.40 in premarket trading on Wednesday. This was partially offset by a rise in demand for swimwear, electronics such as the Nintendo Switch gaming console, and also celebrity-endorsed products such as those from Victoria Beckham. Net income rose to $681 million, or $1.23 per share, in the first quarter ended April 29,...

  • Shares of the company rose 6 percent to $57.90 in premarket trading. Net income rose to $681 million, or $1.23 per share, in the first quarter ended April 29, from $632 million, or $1.05 per share, a year earlier. Target had recorded a $261 million charge related to the early retirement of debt in the year-earlier period.

  • SAN FRANCISCO, May 16- Shares of Etsy Inc surged more than 23 percent on Tuesday and were on track for their biggest daily gain since 2015 after two investment firms revealed stakes in the online crafts retailer and the company said it was reviewing its strategy. TPG Group Holding Advisors Inc and Dragoneer Investment Group LLC late on Monday jointly reported an...

  • May 16- Yahoo Inc said on Tuesday it would buy back up to $3 billion shares through a tender offer to provide liquidity to stockholders looking to sell the stock ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 2 percent at $50.81.

  • May 16- Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares to provide liquidity to stockholders looking to sell shares ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 2 percent at $50.81.

  • May 16- Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading. Verizon agreed to buy Yahoo's core internet properties...

  • SpaceX launched its heaviest satellite yet into orbit on Monday

    SpaceX launched an Inmarsat satellite using a Falcon 9 rocket, the heaviest payload yet.

  • May 16- Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares to provide liquidity to stockholders looking to sell shares ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 2 percent at $50.81.