×

CNBC Utilities Page Wires

  • Soybean futures also were firm, with President Donald Trump's announcement on Tuesday that the United States would likely reach a trade agreement with China raising hopes of a resumption in purchases from the world's largest buyer of the oilseed. Chicago Board of Trade soft red winter wheat gained the most, with the most-active contract rising 2.9 percent to...

  • *Iron Creek, Idaho, could be producing in 3- to-4 years' time. LONDON, April 25- Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said. "We're looking at smaller things in Idaho," he told Reuters in an interview.

  • NEW YORK, April 25- The benchmark U.S. Treasury 10- year yield edged above 3 percent on Wednesday as jitters about growing federal borrowing spurred more selling in the U.S. government bonds, paving the path for it to visit levels not seen since July 2011. Those things are very negative for bonds, "said Don Ellenberger, head of multisector strategies at Federated...

  • SCRANTON, Pa. _ Peoples Financial Services Corp. on Wednesday reported first-quarter net income of $5.9 million. The holding company for Peoples Security Bank and Trust posted revenue of $23.6 million in the period. Peoples Financial Services shares have risen 3 percent since the beginning of the year.

  • NEW YORK, April 25- Wall Street climbed into positive territory on Wednesday as optimism over a spate of upbeat earnings was dampened by jitters over rising bond yields and corporate costs. All three major U.S. indexes fluctuated in choppy trading and the Dow flirted with its sixth consecutive decline during much of the session, which would continue its longest...

  • NEW YORK, April 25- The benchmark U.S. Treasury 10- year yield edged above 3 percent on Wednesday as jitters about growing federal borrowing spurred more selling in the U.S. government bonds, paving the path for it to visit levels not seen since July 2011. Those things are very negative for bonds, "said Don Ellenberger, head of multisector strategies at Federated...

  • COLUMBIA, S.C.— The leader of Republicans in the South Carolina House is asking representatives to reject a bill that cuts most of the charges utility customers are paying for two abandoned nuclear plants. A lot is riding on Wednesday's debate beyond cutting South Carolina Electric& Gas bills. Virginia- based Dominion Energy has said passing either of two...

  • SAO PAULO _ Telefonica Brasil SA on Wednesday reported first-quarter profit of $332.5 million. On a per-share basis, the Sao Paulo- based company said it had net income of 20 cents. Telefonica Brasil shares have decreased almost 5 percent since the beginning of the year.

  • WASHINGTON, April 25- A day after flaunting his friendship with Donald Trump, French President Emmanuel Macron forcefully challenged many of the U.S. president's policies on Wednesday, urging the United States to engage more with the world, step up the fight against climate change and stay in the Iran nuclear pact for now. Capping a three-day visit, Macron...

  • WASHINGTON, April 25- President Donald Trump met with Apple Inc Chief Executive Officer Tim Cook on Wednesday to discuss trade issues as the technology industry grapples with a U.S. spat over import tariffs with China, a manufacturing hub for the iPhone maker and other companies. White House spokeswoman Sarah Sanders said on Wednesday afternoon that the...

  • DUNKIRK, N.Y. _ Lake Shore Bancorp Inc. on Wednesday reported first-quarter net income of $936,000. The holding company for Lake Shore Savings Bank posted revenue of $5.7 million in the period. Lake Shore Bancorp shares have declined nearly 2 percent since the beginning of the year.

  • NEW YORK, April 25- SL Green Realty Corp, a major New York landlord, said on Wednesday law firm McDermott Will& Emery LLP signed a 20- year lease at One Vanderbilt, a 1,401- foot office tower going up next to Grand Central Terminal in Midtown Manhattan. One Vanderbilt is now 31 percent leased and on track to meet SL Green's goal of being 37 percent leased by year end, the...

  • CARACAS, Venezuela— ConocoPhillips says it won a $2 billion arbitration award against Venezuela's state oil company over the seizure a decade ago of investments in two projects in the OPEC nation. The Houston- based company said in a statement that the ruling against PDVSA was made by an international tribunal constituted under the rules of the International...

  • YouTube is overhauling its kid-focused video app to give parents the option of letting humans, not computer algorithms, select what shows their children can watch. The updates that begin rolling out Thursday are a response to complaints that the YouTube Kids app has repeatedly failed to filter out disturbing content. Google-owned YouTube launched the...

  • CARACAS, Venezuela— ConocoPhillips says it won $2 billion arbitration award against Venezuela's state oil company over asset seizures.

  • PARIS, April 25- A French judge has indicted businessman Vincent Bollore in a corruption investigation related to his group's businesses in two countries in Africa, the company said on Wednesday. "Vincent Bollore has been indicted by Judge Tournaire," Groupe Bollore said in a statement. The decision to place the French tycoon under formal investigation over...

  • WASHINGTON, April 25- Volkswagen AG has reached a $33.5 million settlement with Maryland over state claims related to the German automaker's excess emissions, court documents show. The Maryland settlement includes a $29 million cash payment and another $4.5 million payment if Volkswagen does not use a Maryland- based port facility for some logistical...

  • HOUSTON, April 25- An international arbitration court has ordered Venezuela's state-run oil company PDVSA to pay ConocoPhillips $2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC- member country, the U.S. firm said on Wednesday. The firm left the OPEC- member nation after it could not negotiate a deal to convert its projects...

  • SANTIAGO, April 25- Chilean industrial conglomerate Empresas Copec SA said on Wednesday it would invest $2.159 billion in 2018, nearly double 2017 levels as it aims to grow its forest and energy business in South America. Copec is one of the world's biggest cellulose producers through its Arauco unit and distributes fuels in Chile and Colombia.

  • JACKSONVILLE, Fla. _ Patriot Transportation Holding Inc. on Wednesday reported a fiscal second-quarter loss of $194,000, after reporting a profit in the same period a year earlier. On a per-share basis, the Jacksonville, Florida- based company said it had a loss of 6 cents. Patriot Transportation shares have climbed slightly more than 6 percent since the...