×

CNBC Utilities Page Wires

  • MADRID/ ATHENS, April 20- European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece's largest port of Piraeus, a trade gateway between China and Europe, officials said. He said the suspected scam at Piraeus, part of China's vast Belt and Road infrastructure project, had cost...

  • April 20- U.S. energy companies added oil rigs for a third week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices near three-year highs. Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level since March. RIG-OL-USA- BHI> The U.S. rig count, an early indicator of future...

  • The company, which had faced intense criticism and political scrutiny over price hikes for its life-saving EpiPen emergency allergy treatment, said the Morgantown plant "needed to be rightsized to be less complex" for continued operations. The layoffs involved more than 400 employees represented by a United Steel Workers local union, reported WAJR, a...

  • *Trump tells OPEC oil has rallied too far. JEDDAH/ LONDON, April 20- With oil prices hitting $75 per barrel, it was meant to be one of the smoothest meetings OPEC has had in recent years. "Looks like OPEC is at it again.

  • *Trump tells OPEC oil has rallied too far. JEDDAH/ LONDON, April 20- With oil prices hitting $75 per barrel, it was meant to be one of the smoothest meetings OPEC has had in recent years. "Looks like OPEC is at it again.

  • *Trump tells OPEC oil has rallied too far. JEDDAH/ LONDON, April 20- With oil prices hitting $75 per barrel, it was meant to be one of the smoothest meetings OPEC has had in recent years. "Looks like OPEC is at it again.

  • *Trump tells OPEC oil has rallied too far. JEDDAH/ LONDON, April 20- With oil prices hitting $75 per barrel, it was meant to be one of the smoothest meetings OPEC has had in recent years. "Looks like OPEC is at it again.

  • *Trump tells OPEC oil has rallied too far. JEDDAH/ LONDON, April 20- With oil prices hitting $75 per barrel, it was meant to be one of the smoothest meetings OPEC has had in recent years. "Looks like OPEC is at it again.

  • *Trump tells OPEC oil has rallied too far. JEDDAH/ LONDON, April 20- With oil prices hitting $75 per barrel, it was meant to be one of the smoothest meetings OPEC has had in recent years. "Looks like OPEC is at it again.

  • BOSTON, April 20- Dicerna Pharmaceuticals Inc on Friday said that it will pay $17 million plus stock to Alnylam Pharmaceuticals Inc to resolve a lawsuit claiming it stole trade secrets about gene-silencing technology used to develop drug treatments. Under the agreement, Dicerna will pay Alnylam $2 million up-front plus 983,208 shares of its common stock,...

  • MADRID/ ATHENS, April 20- European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece's largest port of Piraeus, a trade gateway between China and Europe, officials said. He said the suspected scam at Piraeus, part of China's vast Belt and Road infrastructure project, had cost...

  • NEW YORK, April 20- One of the year's most popular events for fund managers, the Sohn Investment Conference, will be held in New York on Monday, but if history is any guide, some of the industry's lower-profile managers will probably provide the most profitable ideas. The best ideas of some press-shy hedge fund managers who spoke at the 2017 New York Sohn Investment...

  • *Coming Up: Baker Hughes U.S. oil rig count at 1 p.m./ 1700 GMT (Recasts throughout, refreshes prices, adds comment, changes byline, updates dateline (previous LONDON). Brent crude oil futures were down 6 cents at $73.72 per barrel by 12:25 p.m. EDT ( 1625 GMT). "Looks like OPEC is at it again," Trump tweeted.

  • WASHINGTON, April 20- A recent string of sluggish euro zone data is not signaling a fundamental break in the bloc's growth path and is not expected to impact the European Central Bank's plans to normalize policy, three sources with direct knowledge of the bank's thinking said. Policymakers still expect bond purchases to end by the end of this year and see the...

  • WASHINGTON— Here is the latest from the spring meetings of the Group of 20 major economies, the 189- nation International Monetary Fund and its sister lending institution, the World Bank. German Finance Minister Olaf Scholz says Germany is committed to resisting all forms of protectionism' at a time when tensions over trade have been rising and the United...

  • BENTONVILLE, Ark.— Retail giant Walmart is testing a new dress code that gives employees more freedom. Corporate communications director Justin Rushing says Walmart is always listening to its associates and their feedback helps test these kinds of ideas. Walmart revised its dress code in 2015 when it permitted employees with physically demanding jobs to...

  • NEW YORK, April 20- The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions. China has responded with tariffs of its own, leading to fears about a full-blown trade war and...

  • TOKYO/ LONDON, April 20- Japan's Takeda Pharmaceutical nudged up its offer for Shire to 44.3 billion pounds on Friday to try to persuade the rare-disease drugs specialist into talks after it rejected three previous proposals. Japan's biggest drugmaker increased its potential cash and shares bid to 47 pounds a share, up 1 percent from its previous proposal of...

  • April 20- U.S. credit reporting agency TransUnion on Friday said it will buy UK consumer data provider Callcredit for 1 billion pounds from private equity firm GTCR, expanding its operations into Europe for the first time. The addition of Leeds- based Callcredit, the second-largest credit reporting firm in Britain, would help bolster TransUnion's...

  • COPENHAGEN, April 20- With melting ice expanding access to the Arctic, investors from China to Canada are watching Greenland's election next week for signs of the political will to get a flagging mining program on the island back on track. Greenland is hoping rising commodity prices can help attract foreign investment and get its fragile economy up to speed to...