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CNBC Utilities Page Companies

  • *North Korea rhetoric boosts safe haven currencies. NEW YORK, Sept 22- Jitters over a fresh exchange of barbs between North Korea and the United States drove up U.S. MSCI's world equity index, which tracks shares in 46 countries, was little changed, and Britain's main FTSE 100 stock index climbed as Prime Minister Theresa May laid out plans for Britain's exit from...

  • The partnership will help thousands of Olo restaurant customers to connect with Amazon Restaurants' delivery services, Olo said. Shares of rival food order and delivery service GrubHub Inc were down 5.8 percent at $50.40 in premarket trading. Olo has an exclusive network of more than 200 restaurant brands, including Applebee's and Chipotle, across 40,000...

  • PARIS, Sept 22- Shares in cosmetics group L'Oreal rose on Friday after the death of 94- year-old billionaire Liliane Bettencourt, who had the largest stake in the company and whose passing may alter the ties between L'Oreal and Nestle. L'Oreal shares were up around 4 percent in early trading, the best performer on France's benchmark CAC-40 index and among the top...

  • PARIS, Sept 22- Shares in cosmetics group L'Oreal rose on Friday after the death of 94- year old billionaire Liliane Bettencourt, who had the largest stake in the company and whose passing may alter the ties between L'Oreal and Nestle. L'Oreal shares were up around 5 percent in early session trading, the best performer on France's benchmark CAC-40 index and on the...

  • SANTIAGO, Sept 21- Shares in Chilean fishing companies surged on Thursday after salmon producer Cia Pesquera Camanchaca SA said it was eyeing a listing in Norway, bringing a rare bout of attention to the illiquid sector. That rally spilled over Multiexport Foods SA, whose shares rose 8.9 percent to close at 221 pesos, and Empresas AquaChile SA, which rose 9.8...

  • LONDON, Sept 21- Shares in Capita tumbled 10 percent on Thursday as the British outsourcer reported weak first-half results, a disappointing outlook and no progress in its hunt for a chief executive. The company, one of Britain's biggest employers with more than 70,000 staff, said it expects pretax profit before significant new contracts and restructuring to...

  • TOKYO, Sept 21- The U.S. dollar shone while Asian shares slipped slightly on Thursday after the U.S. MSCI's broadest dollar-denominated index of Asia-Pacific shares outside Japan was down 0.4 percent. South Korea's Kospi was down 0.1 percent while Australia shed 0.6 percent.

  • U.S. stock indexes overcame an afternoon wobble to close mostly higher Wednesday after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year. The central bank's announcement drove bond yields higher, lifting shares in banks and other financial companies.

  • *Index touches highest level since June 12. TORONTO, Sept 20- Canada's main stock index rallied to a 14- week high on Wednesday, propelled by energy and financial stocks, as well as a surge in Air Canada shares after investors cheered the airliner's outlook. Canadian Natural Resources rose 2.4 percent to C $41.44, while Encana Corp advanced 4.5 percent to C $13.69.

  • NEW YORK, Sept 20- Shares of Argentina's Despegar.com Corp rose after making their stock market debut in New York on Wednesday, giving the Expedia Inc-backed online travel agent a valuation of $1.96 billion. The IPO was priced at $26 a share, at the upper end of Despegar's proposed $23 to $26 range, raising about $332 million. The stock opened at $29.00 on the New York...

  • Sept 20- Shares of Best Inc, a Chinese logistics firm backed by Alibaba Group Holding Ltd, rose 15 percent in market debut on Wednesday, a day after the company slashed its expected price range to stoke investor demand. Shares rose as much as 17.4 percent to a high of $11.71 in early trading, giving the company a market capitalization of about $4.30 billion.

  • Sept 20- Hong Kong shares rose on Wednesday, with the benchmark index hovering around 28- month highs, as shares of Chinese metal producers continued to rally. But the raw materials sector jumped nearly 4 percent as commodity prices rose on expectations that China's sweeping anti-pollution campaign would continue to push up prices of metals such as steel,...

  • MEMPHIS, Tenn.— FedEx said Tuesday that its first-quarter profit fell 17 percent, hurt by a June cyberattack at its TNT Express business that caused shipping delays in Europe. FedEx also cut its profit outlook for the year and its shares fell in after-hours trading Tuesday. FedEx bought TNT last year to expand its business in Europe.

  • The Richfield, Minnesota, company said Tuesday that for fiscal 2021 it expects earnings per share of $4.75 to $5.00. Best Buy Co. said that it also expects enterprise revenue of $43 billion for 2021 compared with $39.4 billion in fiscal 2017.. This fall, it's showcasing experiences of voice-activated devices from the likes of Amazon's Alexa-controlled Echo...

  • Sept 19- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, on Tuesday forecast fiscal 2021 adjusted earnings largely below Wall Street estimates, sending its shares down as much as 10 percent. Best Buy said on Tuesday that it expected operating income of $1.9 billion to $2 billion in its fiscal year ending January 2021. The operating income forecast...

  • Sept 19- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings largely below Wall Street estimates, sending its shares down nearly 9 percent. The company said it expected adjusted earnings of $4.75 to $5.00 per share for the fiscal year ending January 2021. The company's shares were down 8.5 percent at $52.45 in...

  • Sept 19- Best Buy Co Inc, No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings largely below Wall Street estimates, sending its shares down 7.2 percent. The company said it expected adjusted earnings of $4.75 to $5.00 per share. Analysts on average were expecting $4.97 per share, according to Thomson Reuters I/B/E/S.

  • Sept 19- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings well below Wall Street estimates, sending its shares down nearly 9 percent. The company said it expected adjusted earnings of $4.75 to $5.00 per share for the fiscal year ending January 2022. The company's shares were down 8.5 percent at $52.45 in...

  • Sept 19- Best Buy Co Inc, No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings far below Wall Street estimates, sending its shares down 7.2 percent. The company said it expected adjusted earnings of $4.75 to $5.00 per share. Analysts on average were expecting $5.35 per share, according to Thomson Reuters I/B/E/S.

  • Sept 19- Hong Kong stocks dipped on Tuesday as traders awaited the Federal Reserve's policy meeting this week and as recent China economic data kept risk appetite subdued, defying Wall Street's bullish lead. China Investment Securities said it expects the Fed to "reduce its balance sheet gradually, thus, the initial impact on the capital markets would be...