CNBC Utilities Page Wires

  • UBER CLAIMS THE NYC LAW IS UNCONSTITUTIONAL AND WILL INFLICT "ANTI-COMPETITIVE HARM"- LAWSUIT.

  • NYC SPOKESMAN SAYS "UBER MADE CONGESTION ON OUR ROADS WORSE AND PAID THEIR DRIVERS LESS THAN A LIVING WAGE".

  • BEIJING/ WASHINGTON, Feb 15- The United States and China will resume trade talks next week in Washington with time running short to ease their bruising trade war, but U.S. Both the United States and China reported progress in five days of negotiations in Beijing this week. Trump, speaking at a White House news conference, said the United States was closer than ever...

  • BIRMINGHAM, Ala./ SAN FRANCISCO, Feb 15- When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing. But the projections delivered this week- for one rate hike this year from both Atlanta Federal...

  • Feb 15- Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million. Corbat's total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88...

  • TORONTO, Feb 15- The Canadian dollar rallied against the greenback on Friday as domestic data eased fears about a weak housing market and after a bet by Warren Buffett on one of Canada's major energy companies that could boost sentiment in the country's oil patch. "Warren Buffett planting his flag in the Canadian oil patch is a promising sign that we may have...

  • HOUSE JUDICIARY DEMOCRATS SAY TRUMP'S DECLARATION OF EMERGENCY AT U.S.- MEXICO BORDER SHOWS "RECKLESS DISREGARD" FOR SEPARATION OF POWERS.

  • Corbat's total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88 million.

  • The company said it expects adjusted earnings before interest tax, depreciation and amortization of $350 million to $400 million for 2019, below estimates of $480.18 million, according to IBES data from Refinitiv. On Friday, Mattel forecast capital expenditures to be roughly in line with 2018 when it spent about $152 million and said it would be increasing...

  • NEW YORK, Feb 15- Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war. Talks between the United States and China will resume in Washington next week, with both sides saying progress has...

  • DETROIT/ SAN FRANCISCO, Feb 15- Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector. Rivian could ultimately be valued at between $3 billion and $4 billion, one of the sources said.

  • NEW YORK, Feb 15- Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of December, according to U.S. Treasury Department data on Friday. China had $1.123 trillion in U.S.

  • GERMAN DEFENSE MINISTER URSULA VON DER LEYEN SAYS EUROPE WORKING ON WAYS TO CONTINUE DEFENSE COOPERATION WITH UK IN EVENT OF BREXIT- DEUTSCHE WELLE.

  • NEW YORK, Feb 15- Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war.

  • *U.S.- China trade talks to resume in Washington next week. NEW YORK, Feb 15- Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment. The partial closure of Saudi Arabia's...

  • Feb 15- ICE cotton futures were little changed on Friday ahead of a three-day long U.S. holiday weekend, as traders kept a close watch on the progress in U.S.- China trade talks. * "People are waiting on the trade talks between the United States and China, and no one wants to put on new positions ahead of three day holiday," said Keith Brown, principal at cotton brokers...

  • Feb 15- Mattel Inc said on Friday 2019 gross sales were expected to be flat, with weakness in Thomas& Friends and American Girl offseting comparatively stronger sales of its Barbie and Hot Wheels brands, sending the toymaker's shares down 14 percent. Mattel also forecast capital expenditures to be roughly in line with 2018 when it spent about $152 million and...

  • NEW YORK, Feb 15- Citi Research's gauge on U.S. economic data surprises fell 40.7 points this week for its biggest weekly decline since June 2011, as the latest data on retail sales and factory output fell far short of market expectations. Prices of imported goods and services into the United States fell 0.5 percent in January, resulting in the largest annual...

  • "We disagree with the government overreach, and this really represents an unprecedented attempt by the SEC to distort the free market mechanisms that govern the competition among trading venues," Michael Blaugrund, head of transactions at NYSE, told reporters in New York on Friday. Intercontinental Exchange Inc's NYSE, Nasdaq Inc, and Cboe Global Markets, which...

  • XPO shares fell $8.53 to $51.02 a day after the company missed fourth-quarter profit targets and warned that it could lose $600 million in revenue in 2019 due to a reduction in business from its biggest customer, which XPO did not name. XPO is closing facilities in Aberdeen, Maryland; Edgerton, Kansas; and Rialto, California. When XPO opened its Edgerton, Kansas...