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CNBC Utilities Page Companies

  • April 28- Time Inc said on Friday its board had evaluated a number of expressions of interest but decided to pursue its own strategic plan, sending its shares down 19 percent in premarket trading. The publisher of Sports Illustrated and People magazines said the board would continue to pursue its strategic plan, which includes changes to its cost structure.

  • DETROIT, April 28- General Motors Co on Friday reported a much better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States, sending its shares up nearly 2 percent in premarket trading. Vehicle sales rose slightly in Europe, where it has agreed to European Opel and Vauxhall...

  • *Profit rise driven by credit cards, UK bank. *To create 1,000 new jobs in UK in operations and technology. The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.- UK focus and an emphasis on investment banking under its American Chief Executive Jes Staley.

  • *CFO Jennifer Li to step aside for new role as Baidu Capital chief. BEIJING, April 28- Baidu Inc on Friday forecast second-quarter revenue largely below estimates as the Chinese internet company continues to grapple with Beijing's restrictions on its lucrative medical advertisements segment, sending its shares down six percent in extended trading.

  • April 27- Microsoft Corp on Thursday reported quarterly revenue that slightly missed Wall Street estimates as it suffered a sharp dip in sales of its Surface tablets and laptops. For the fiscal third quarter, ended March 31, overall revenue on an adjusted basis climbed 6 percent to $23.56 billion, but missed analysts' average estimate of $23.62 billion.

  • LOS ANGELES, April 27- Starbucks Corp reported quarterly sales that just missed Wall Street's expectations, hurt by a slight cooling in spending growth by customers in its core U.S. market, sending shares down 4.4 percent in extended trading on Thursday. Kevin Johnson, who this month succeeded Howard Schultz as chief executive officer, said the company is on...

  • The company said it expects second-quarter revenue of 20.47 billion yuan to 20.98 billion yuan, while analysts were expecting revenue of 20.84 billion yuan, according to Thomson Reuters I/B/E/S. Baidu also said Jennifer Li would step down as chief financial officer to become chief executive at its investment firm Baidu Capital. Net income attributable to...

  • Alphabet's net income rose to $5.43 billion, or $7.73 per Class A and B shares and Class C capital stock, in the first quarter ended March 31 from $4.21 billion, or $6.02 per share, a year earlier. Shares of the company rose 2.8 percent to $916.80 after the bell on Thursday. For a company of Googles size to post the growth that it has is just a testament to the quality and...

  • LOS ANGELES, April 27- Starbucks Corp reported quarterly profit that matched Wall Street's estimate on Thursday, but shares fell 3.4 percent in extended trading after spending growth by customers in its core U.S. market cooled. Net income attributed to Starbucks was $652.8 million, or 45 cents per share, for the second quarter, up from $575.1 million, or 39 cents...

  • The company's shares fell 1.9 percent to $67 in trading after the bell. Under Chief Executive Satya Nadella, who took the helm in 2014, Microsoft has sharpened its focus on the fast-growing cloud computing unit to counter a prolonged slowdown in the PC market, which has weighed on demand for its Windows software. Revenue from Microsoft's "Intelligent Cloud"...

  • Alphabet's net income rose to $5.43 billion, or $7.73 per Class A and B share and Class C capital stock, in the first quarter ended March 31 from $4.21 billion, or $6.02 per share, a year earlier. 1/ 8 http://bit.ly/2qbMJGY 3/ 8. Shares of the company rose 2.8 percent to $916.8 after the bell on Thursday. Google's ad revenue, which accounts for a lion's share of its business,...

  • LOS ANGELES, April 27- Starbucks Corp reported quarterly profit that matched Wall Street's estimate on Thursday, sending shares of the chain that often tops expectations down 2.9 percent to $59.50 in after-hours trade. Net income attributed to Starbucks was $652.8 million, or 45 cents per share, for the second quarter ended April 2, up from $575.1 million, or 39...

  • TORONTO, April 27- Canada's main stock index fell nearly 1 percent on Thursday, dragged down by heavyweight banking stocks after an alternative lender's funding troubles raised concerns about the health of the housing market. "It's a crisis affecting a company which happens to be operating in the mortgage market," said Fred Demers, chief macro strategist at TD...

  • HOUSTON, April 27- Shares of Anadarko Petroleum Corp plunged on Thursday after the oil and natural gas producer said it would temporarily close more than 3,000 wells in Colorado in the wake of an explosion that killed two. A recently built home in Firestone, roughly 30 miles north of Denver, exploded on April 17. "Colorado residents must feel safe in their own homes,...

  • MEXICO CITY, April 27- Shares in Mexican broadcaster Grupo Televisa slid more than 7 percent on Thursday before paring losses after it reported a drop in first-quarter advertising sales, dragging on Mexico's stock index. Televisa's shares were down more than 5 percent in mid-morning trading, and Mexico's IPC stock index had slipped 0.20 percent.

  • The airline's shares fell as much as 4.3 percent to $54.52 in morning trading on Thursday. However, the Dallas, Texas- based carrier expects unit revenue in the current quarter to rise 1-2 percent. "Unit revenue trend for Q2 is improving but it is slightly worse than elevated investor expectations, which have increased in recent weeks," Cowen& Co analyst Helane...

  • MEXICO CITY, April 27- Shares in Mexican broadcaster Televisa dropped more than 4 percent on Thursday after it posted its first-quarter results that showed weak sales despite a 125- percent year-on-year rise in net profit. Grupo Financiero Banorte changed its outlook for the stock to hold from buy on Thursday. The company said on a conference call that the...

  • Shares of the Saskatoon, Saskatchewan- based fertilizer producer rose 1.6 percent in early New York trading, touching a three-week high. Potash said it expected full-year earnings of 45 cents to 65 cents per share, up from its prior forecast of 35 cents to 55 cents. Bernstein analyst Jonas Oxgaard said earnings benefited from a lower tax rate as well as stronger...

  • SHARES IN MEXICAN BROADCASTER TELEVISA FALL MORE THAN 4 PCT.

  • April 27- Sportswear maker Under Armour Inc posted a smaller-than-expected quarterly loss as operating income from its Asia Pacific business rose 13.2 percent, making the region the company's biggest profit generator in the latest quarter. Under Armour's operating income from North America slumped nearly 91 percent, while income from EMEA fell 44 percent,...