CNBC Utilities Page Wires

  • *Microsoft gains as it predicts more cloud growth. April 25- U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3 M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat. Microsoft Corp rose 3.7%, briefly crossing $1 trillion in market value, after the software giant...

  • April 25- Latin American stocks fell across the board on Thursday, mirroring the concerns about slowing world growth that affected markets globally, while a firm dollar left Latin American currencies bruised, with Argentina's peso diving to a record low. Investors jettisoning risky bets sent Argentina's stocks 3.6% lower, with financials falling...

  • April 25- Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even as the low-cost carrier is forced to cancel flights due to the grounding of Boeing's 737 MAX jets. "We're an all-Boeing 737 carrier," Southwest Chief Executive Gary Kelly told CNBC.

  • OTTAWA, April 25- Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices. Privacy Commissioner Daniel Therrien made his comments while releasing the results of an investigation, opened a year ago,...

  • April 25- Canada's Bombardier Inc cut its full-year profit and revenue forecasts on Thursday due to delivery delays and production challenges at some projects of its key railcar-making unit, and shares sank 25 percent in early trading before paring some of those losses. Shares erased some of their earlier losses to trade down 15% at C $2.46 by midmorning, with...

  • April 25- Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter. The report comes 10 days after Hulu bought back wireless carrier AT&T Inc's stake in the U.S. entertainment streaming service for $1.43 billion. With Comcast's stake, Disney will now have a 90 percent share in Hulu.

  • The company reaffirmed it expected earnings per share from continuing operations to be between $11.40 and $11.60 in 2019. In a research note, Robert Stallard, an analyst at Vertical Research, said "there could be some disappointment about the unchanged 2019 guidance. Income from continuing operations jumped to $775 million, or $2.77 per share, in the quarter...

  • JOHANNESBURG, April 25- South Africa's Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds less than originally proposed. Sibanye's revised offer also does not fully compensate for the impact of its recent share sale that raised $120 million,...

  • It reiterated its outlook for only Newmont, saying all-in sustaining costs will be $935 per ounce, rising from $909 last year, while production will rise marginally to 5.2 million ounces, from 5.1 million last year. In the three months ended March 31, gold production rose nearly 2 percent to 1.23 million ounces from a year earlier, while the average realized gold...

  • STOCKHOLM, April 25- Seventy thousand travellers with SAS will see their flights cancelled on Friday unless negotiators agree a last-minute deal to stop nearly all of its around 1,500 pilots going on strike after midnight, the carrier said on Thursday. Swedish, Danish and Norwegian pilot unions earlier this month called a strike if there was no agreement on...

  • April 25- Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even as the low-cost carrier is forced to cancel flights due to the grounding of Boeing's 737 MAX jets. "We're an all-Boeing 737 carrier," Southwest Chief Executive Gary Kelly told CNBC.

  • TOKYO, April 25- Former Nissan Chairman Carlos Ghosn walked out of a Japanese jail for a second time late on Thursday, freed on $4.5 million bail after agreeing to curbs on contacting his wife as he awaits trial on financial misconduct charges. After a Tokyo court rejected an appeal by prosecutors against his release, Ghosn left the Tokyo detention centre around...

  • April 25- Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by additions of high-speed internet customers in a quarter that painted a mixed picture for the biggest U.S. cable provider. Chief Executive Brian Roberts said the company, which purchased British pay-TV group Sky last year, is exploring the launch of a...

  • April 25- Microsoft Corp's market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded company after quarterly earnings and revenue beat Wall Street expectations. The stock, which pared gains as the morning wore on, was last up 3.9% at...

  • DUBLIN, April 25- Facebook's lead regulator in the European Union, Ireland's Data Protection Commissioner, on Thursday said it had launched an inquiry into whether the company violated EU data rules by saving user passwords in plain text format on internal servers. The probe is the latest to be launched out of Dublin into the social network giant.

  • April 25- Gilead Sciences Inc's experimental drug aimed at treating a type of fatty liver disease known as NASH failed to meet the main goal of a late-stage study on Thursday, two months after it failed another trial. California- based Gilead has been counting on its drug pipeline, including the NASH drug selonsertib, as sales of its hepatitis C treatments fall due...

  • April 25- United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% percent in early trading. "There is pressure on management to execute at a high level during the peak," Cowen and Co. analyst Helane Becker said in a client note.

  • *Microsoft gains as it predicts more cloud growth. April 25- U.S. stocks slid on Thursday, weighed down by dismal reports from industrial companies including 3 M, however strong earnings from Facebook and Microsoft, which hit the trillion-dollar valuation mark, kept the tech-heavy Nasdaq afloat. "Facebook and Microsoft are prominent names and you would think...

  • OTTAWA, April 25- Facebook Inc committed serious contraventions of Canadian privacy law and failed to take responsibility for protecting the personal information of citizens, Canada's federal privacy commissioner said on Thursday. Daniel Therrien made his comments while releasing a probe into a data sharing scandal involving Facebook and Canadian data...

  • April 25- Canada's main stock index fell on Thursday, hurt by a drop in Bombardier Inc's shares following a weak full-year outlook and as the Bank of Canada lowered its growth forecast for 2019.. *At 9:38 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was down 47.87 points, or 0.29 percent, at 16,538.65. *The Bank of Canada cut its growth forecast for...