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CNBC Utilities Page Wires

  • *China has said will open auto market further. SHANGHAI/ BEIJING, May 22- China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world's largest auto market amid an easing of trade tensions with the United States. Import tariffs will be cut to 15 percent from 25 percent for most vehicles from July 1, the Ministry of...

  • BROOKFIELD, Conn. _ Photronics Inc. on Tuesday reported fiscal second-quarter net income of $10.7 million. For the current quarter ending in August, Photronics said it expects revenue in the range of $128 million to $136 million. Photronics shares have fallen almost 1 percent since the beginning of the year.

  • BRUSSELS, May 22- Europe's proposals to open its markets wider to U.S. products including cars appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminium, the bloc's trade chief said on Tuesday. Commerce Secretary Wilbur Ross after the proposals were made public, but said Washington did not seem satisfied.

  • HERZLIYA, Israel _ Cyren Ltd. on Tuesday reported a loss of $5.3 million in its first quarter. The Herzliya, Israel- based company said it had a loss of 10 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • PALM BEACH GARDENS, Fla. _ Dycom Industries Inc. on Tuesday reported fiscal first-quarter net income of $17.2 million. Five analysts surveyed by Zacks expected $736.1 million. For the current quarter ending in August, Dycom Industries expects its per-share earnings to range from $1.13 to $1.28.

  • NEW YORK— Energized by the# MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant in nine cities. Responding to the claims, McDonald's spokeswoman Terri Hickey said there is "no place for harassment and discrimination of any kind" in...

  • The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. LNG plants waiting for customer commitments to reach a final investment decision, many of them looking to China for deals. China imported 5.6 billion cubic feet per day last year, making it the world's largest buyer after Japan.

  • BUDAPEST, May 22- The forint rebounded from 23- month lows on Tuesday and investors waited to see if later in the session the National Bank of Hungary would address a recent surge in government bond yields, though it was expected to keep rates unchanged. The forint firmed 0.6 percent 316.55 against the euro by 0822 GMT, after hitting its weakest level in almost two...

  • TOKYO, May 22- Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers, as it seeks to expand in the country where the U.S. firm has been blocked from setting up its own fleet of drivers. Uber has been unable to bring its full ride-hailing services to Japan as local regulations outlaw...

  • *European shares hit four month, Italy bond sell-off relents. LONDON, May 22- European shares inched to a near four-month high on Tuesday, as an easing of pressure on Italian markets coincided with China's latest move to open up its giant economy to the rest of the world. "Who will be the next finance minister in Italy, that is the question in the market at the moment," said...

  • TOKYO, May 22- Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services. The acquisition is the biggest strategic move yet by new CEO Kenichiro Yoshida and gives Sony a catalogue of more than 2 million songs from artists such...

  • PARIS, May 22- Airbus said on Tuesday it had taken steps to comply with a World Trade Organization ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus. The move comes after the United States won the right to seek sanctions against European Union goods following a partial victory...

  • LONDON, May 22- Bank of England Governor Mark Carney and other top monetary policy officials from the central bank were speaking to the Treasury Committee in Britain's parliament on Tuesday. "If you look at where the economy is today, relative to that forecast, it's more than 1 percent below where it was despite very large stimulus provided by the Bank of England, a...

  • BRUSSELS— Facebook CEO Mark Zuckerberg faces senior European Union lawmakers later Tuesday to answer questions about a scandal over the alleged misuse of the data of millions of Facebook users. Zuckerberg testified last month to the U.S. Congress, but had been noncommittal about appearing in Europe. EU Civil Liberties, Justice and Home Affairs Committee...

  • MILAN— The prospect of a populist government in Italy, the eurozone's third-largest economy, has spooked European partners and investors who fear its euroskeptic, budget-busting program could shake the region's cohesion and undermine its growth. Rival populist forces— the anti-establishment 5- Star Movement and right-wing League— squeezed their often...

  • LONDON, May 22- Bank of England Governor Mark Carney denied on Tuesday that the central bank had confused investors and households by not raising interest rates earlier this month. Carney, speaking to lawmakers on Tuesday, said a slowdown in the economy in the first three months of 2018- when heavy snow and icy conditions hit Britain- would probably prove...

  • NEW DELHI, May 22- Scores of protesters set vehicles on fire in southern India on Tuesday and threw stones at police, police officials said, demanding that conglomerate Vedanta Resources shut a copper smelter over environment hazards to the area. Residents of the port city of Thootukudi in Tamil Nadu state and environmentalists have been demonstrating...

  • May 22- U.S. luxury homebuilder Toll Brothers Inc's second-quarter profit missed Wall Street estimates on Tuesday, hurt by higher costs due to rising prices for building materials and shortages of land and skilled workers. The Pennsylvania- based company said the average price of homes rose to $847,900 from $832,400 a year earlier, while the number of homes...

  • *Deal likely involves China buying more U.S. farm goods. BEIJING, May 22- Washington and Beijing are nearing a deal that would remove an existing U.S. order banning American companies from supplying Chinese telecommunications equipment maker ZTE Corp, two people briefed on the talks told Reuters. The people, who declined to be identified because negotiations...

  • LONDON, May 22- The UK's top share index ventured further into new territory on Tuesday as shares in financials rose and miners were buoyed by a weaker dollar, though a number of smaller British retailers suffered after giving updates. Sentiment towards risk assets has improved since the United States and China agreed to continue talks to boost U.S. exports to...