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CNBC Utilities Page Companies

  • *Oil off 3- week lows before Trump decision on Paris accord. LONDON, June 1- Oil prices rose on Thursday, lifting energy company shares, on expectations the United States will withdraw from a global pact to fight climate change, while China's yuan shrugged off weak factory data to hit a seven-month high against the dollar. Brent crude, the international benchmark...

  • Shares of Palo Alto, California- based HPE fell nearly 2 percent to $18.48 in extended trading. Under Chief Executive Meg Whitman, HPE has inked a string of deals to sharpen its focus on the enterprise group business, which generates about 62 percent of total revenue. Last month, it bought data storage provider Nimble Storage Inc for about $1 billion.

  • SAO PAULO, May 31- Brazilian and Mexican stocks fell on Wednesday, tracking a decline in commodities prices, while Latin American currencies gained as political tension in Washington broadly weighed on the dollar. Shares of Brazilian iron ore miner Vale SA and state-controlled oil company Petróleo Brasileiro SA fell along with Mexican miner Penoles as...

  • SAN FRANCISCO, May 31- Shares of Box Inc rose more than 4 percent in after-hours trading Wednesday after the cloud storage firm's quarterly earnings edged ahead of Wall Street analyst's expectations. The Redwood City, California- based company posted revenue of $117.2 million for the period, ahead of a Thomson Reuters i/b/e/s consensus forecast of $114.7...

  • May 31- Cybersecurity company Palo Alto Networks Inc reported a better-than-expected adjusted profit for the third quarter, driven by expansion within its existing customer base as well as new customer additions. Palo Alto reported an adjusted profit of 61 cents per share for the quarter, beating analysts average estimate of 55 cents, according to Thomson...

  • JPMorgan's trading revenue has fallen 15 percent so far in the second quarter, its chief financial officer, Marianne Lake, told investors at a conference. Bank of America Chief Executive Officer Brian Moynihan, meanwhile, told investors the bank's second-quarter trading revenue would be lower than a year ago. The first and second quarter in 2016 were fairly...

  • NEW YORK/ LOS ANGELES, May 31- U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change. A spokesman for Peabody said the company would support a decision by Trump to withdraw from the Paris deal because the "accord is...

  • SAO PAULO, May 31- Brazilian shares dropped on Wednesday tracking a decline in prices of commodities, but stocks in meatpacker JBS SA jumped after its controlling shareholder struck a leniency deal with authorities for its part in a corruption scandal. Shares of iron ore miner Vale SA and state-controlled oil company Petróleo Brasileiro SA subtracted the...

  • Shares of the company, which also swung to a fourth-quarter loss, fell more than 6 percent to $34 in premarket trading on Wednesday. Total sales fell 11.2 percent to $1.06 billion in the fourth quarter ended April 1, while analysts had expected $1.05 billion. Net loss attributable to Michael Kors was $26.8 million, or 17 cents per share, in the latest quarter,...

  • MILAN, May 30- European shares fell on Tuesday, marking their fourth straight day of losses, with banks leading the decline on fresh political jitters and following a downgrade by a top global broker. The euro zone blue chips index, in which banks have a higher weighting, fell 0.6 percent while Britain's FTSE dropped 0.4 percent. Worries about early elections in...

  • *Amazon briefly crosses $1,000 mark. *CardConnect jumps- First Data to buy company for $750 mln. May 30- U.S. stocks were slightly lower in late morning trading after a three-day holiday weekend, weighed down by a fall in energy and financial shares.

  • TORONTO, May 30- Canada's main stock index fell on Tuesday as broad declines among oil and gas companies, partly hurt by a slide in crude oil prices, offset a moderate rise by Bank of Nova Scotia and slight gains in other sectors. Shares in Kinder Morgan Canada Ltd debuted at C $16.06 on the TSX after raising C $1.75 billion in an initial public offering at C $17.00 each...

  • TORONTO, May 30- Canada's main stock index see-sawed in early trade on Tuesday, helped by a rise in shares of Canadian National Railway Co after it avoided a workers' strike and gains for gold miners, while energy stocks weighed.

  • *Seven big companies in talks to list shares in Moscow. MOSCOW, May 30- Seven big Russian companies are in advanced talks with the Moscow Exchange about listing their shares, the exchange's CEO says, highlighting corporate Russia's preference for listing at home amid sanctions and a standoff with the West. Afanasiev said a desire among Russian businesses to...

  • TORONTO, May 29- Canada's main stock index was barely higher in morning trade on Monday, helped by boosts for several big banks that reported earnings last week and by a gain for plane and train maker Bombardier Inc.. Wheaton Precious Metals Corp fell 1.3 percent to C $27.75 and Goldcorp Inc lost 0.8 percent to C $18.32. BMO Capital upgraded the stock to outperform...

  • HONG KONG, May 29- Hong Kong stocks edged up on Monday, on which China markets were closed, with mainland property shares aiding the rise on anticipation of strong home demand in smaller Chinese cities. China Evergrande Group Ltd led the surge in mainland property stocks after Morgan Stanley initiated coverage on the developer with "overweight".

  • May 26- Kite Pharma Inc on Friday said the U.S. Food and Drug Administration will review its experimental drug axicabtagene ciloleucel on a priority basis as a treatment for advanced non-Hodgkin lymphoma, a cancer that starts in white blood cells. The FDA's decision is expected by Nov. 29. Kite announced in March that it had completed the FDA filing.

  • LONDON, May 26- Shares in Alfa Financial, which provides software for the asset finance industry, rose sharply on their London Stock Exchange debut on Friday, making the listing London's biggest this year by market capitalisation. Uncertainty around Britain's future outside the EU single market has dampened investor confidence in the London IPO market this...

  • CUIABÁ, Brazil, May 25- Shares in JBS SA, the world's largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 percent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago and leading gains on the benchmark...

  • May 25- Shares of WideOpenWest Inc fell about 6 percent in their New York debut on Thursday, a day after the sponsor-backed cable company's offering was priced below expectations. The Englewood, Colorado- based company raised about $310 million in its initial public offering after 18.24 million shares were priced at $17 each. WideOpenWest had earlier expected...