CNBC Utilities Page Wires

  • MEXICO CITY, Nov 20- Shares in Mexican miners Grupo Mexico and Penoles fell sharply on Tuesday after a lawmaker presented a bill that would require the consent of indigenous communities before granting mining concessions on their land. The bill was presented by Senator Angelica Garcia from leftist President-elect Andres Manuel Lopez Obrador's National...

  • The Federal Agency of News LLC, known as FAN, and its sole shareholder, Evgeniy Zubarev, filed the lawsuit in the federal court in the Northern District of California, seeking damages and an injunction to prevent Facebook from blocking its account. Facebook deleted FAN's account in April as it purged pages linked to the St. Petersburg- based Internet Research...

  • VANCOUVER, Nov 20- British Columbia's premier said on Tuesday his government will introduce legislation next year that will require all new light-duty cars and trucks sold in the province by 2040 to be electric or zero-emission vehicles. To support the plan, British Columbia will expand its fast-charging network and spend an addition C $20 million this year...

  • *Renault COO Bollore to assume Ghosn's operational role. *French government distancing itself from Ghosn. PARIS/ TOKYO, Nov 20- French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct.

  • The Federal Agency of News LLC, known as FAN, and its sole shareholder, Evgeniy Zubarev, filed the lawsuit in the federal court in the Northern District of California, seeking damages and an injunction to prevent Facebook from blocking its account. Facebook deleted the company's account in April as it purged pages and accounts associated with the St. Petersburg-...

  • NEW YORK, Nov 20- Americans may need an extra helping of patience this Thanksgiving weekend, with the largest number of travelers in a decade expected to hit the road or board flights to celebrate with family and friends after a prosperous year for many. "This is translating into more travelers kicking off the holiday season with a Thanksgiving getaway."

  • Shares of the company, which on Tuesday also disclosed a warning letter it received from the FDA earlier this month, fell nearly 2 percent to $33.91 after the bell. Mylan said on Tuesday it would recall at least 15 lots of medicines containing valsartan distributed in the United States between March 2017 and November 2018 and manufactured by units Mylan...

  • NEW YORK, Nov 20- Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth. West Texas Intermediate crude futures ended the session down $3.77, or 6.6 percent, at $53.43 per barrel.

  • WASHINGTON, Nov 20- The United States said on Tuesday it had moved to disrupt an Iranian-Russian network that sent millions of barrels of oil to Syria and hundreds of millions of dollars to indirectly fund militant groups Hamas and Hezbollah. Syria then helped transfer hundreds of millions of dollars in cash to Hezbollah, which functions as a political party...

  • CHICAGO, Nov 20- Detroit is eyeing savings from a just-launched redemption offer for bonds it issued in 2014 as part of the city's exit that year from its historic bankruptcy, municipal officials said on Tuesday. Detroit issued the bonds as part of its federal court-approved plan to exit what was then the biggest U.S. municipal bankruptcy, which allowed the city...

  • MSCI's indexes of Latin America stocks and regional currencies fell for a second straight day, with declines of 1 percent and 0.4 percent, respectively. Gabriel Casillas, chief economist and head of research at Banorte, wrote that among the main drivers for equity markets was worry over U.S.- China trade tensions, coupled with growing recommendations from...

  • Nov 20- Drugstore owner Walgreens Boots Alliance Inc and health insurer Humana Inc are in preliminary discussions to take equity stakes in each other, the Wall Street Journal reported https://www.wsj.com/articles/walgreens-humana-are-in-preliminary-talks-to-take-s t a k e s- i n- e a c h- o t h e r- 1 5 4 2 7 4 6 9 1 5? In June, Humana said it would partner with...

  • Nov 20- Gap Inc reported quarterly same-store sales below analysts' expectations on Tuesday, as its namesake brand posted another weak performance and its more affordable Old Navy line of clothing also missed estimates. Net income rose to $266 million, or 69 cents per share, in the third quarter, from $229 million, or 58 cents per share, a year earlier.

  • NEW YORK, Nov 20- Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds and Treasuries as inflationary pressures intensify. Gundlach said investors have not shown an appetite for Treasuries, even as the U.S. stock market has plunged. Gundlach, who oversees more than $123...

  • Nov 20- A Russian company whose accountant was indicted by the U.S. special counsel probing Russia's meddling in the 2016 election sued Facebook Inc on Tuesday, claiming it is a legitimate news firm and its Facebook account should be restored. The Federal Agency of News LLC, known as FAN, and its sole shareholder, Evgeniy Zubarev, filed the lawsuit in the federal...

  • *Weak results from Target, Kohl's pressure retail stocks. *Apple drops again, now down over 20 pct since Oct. 3 record. NEW YORK, Nov 20- U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl's sank after weak earnings and forecasts, fueling worries about economic growth.

  • OIL PRICES PARE LOSSES IN POST-SETTLEMENT TRADE AFTER API DATA SHOW SURPRISE DRAW IN U.S.

  • Nov 20- A U.S. judge overseeing the federal litigation against Bayer AG's Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February 2019. District Judge Vince Chaabria in San Francisco in an order said the case of California resident Edwin Hardeman will be the first...

  • Gap, which also owns the Old Navy casual clothing brand Banana Republic, said same-store sales were flat in the three months ended Nov. 3, below analysts' average estimate of 1.09 percent gain, according to IBES data from Refinitiv. Net sales rose to $4.09 billion, from $3.84 billion a year earlier. The company also narrowed its full-year profit forecast to $2.55 to...

  • PARIS/ BERLIN, Nov 20- France and Germany have reached an agreement on the next steps in a joint programme to design a next-generation combat jet, French Defence Minister Florence Parly said on Tuesday. The jet, due to go into service in 2040, is expected to replace the Rafale, built by France's Dassault Aviation, and Germany's Eurofighters, made by a European...