×

CNBC Utilities Page Wires

  • July 16- Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his longstanding plan to give away his fortune. Buffett, 87, has since 2006 made more than $30.9 billion in donations to the charities, including roughly $24.5 billion to the Gates Foundation.

  • Bank of America Corp., up $1.23 to $29.78. Deutsche Bank AG, up 90 cents to $12.14. Arconic Inc., up $1.82 to $19.20.

  • NEW YORK, July 16- The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season. Netflix shares, which ended up 1.2 percent, dropped more than 12 percent in extended trading after it missed Wall Street...

  • NEW YORK, July 16- The New York Department of Financial Services said on Monday it had granted a virtual currency license to bitcoin payments processor BitPay. With the BitPay approval, the DFS has now approved ten firms for virtual currency charters or licenses for the state of New York- Square, Xapo Inc, Genesis Global Trading Inc, bitFlyer USA, Coinbase Inc, XRP II...

  • Luis Carlos De Leon-Perez, 42, pleaded guilty in federal court in Houston to conspiring to violate the Foreign Corrupt Practices Act and to conspiring to commit money laundering, the U.S. Justice Department said. He became the 12th person to plead guilty as part of a larger investigation by the Justice Department into bribery at Petroleos de Venezuela SA that...

  • July 16- The U.S. Securities and Exchange Commission should form a working group with two of its regulatory counterparts to review and harmonize the rules they use to police electronic corporate and municipal bond-trading platforms, an SEC subcommittee said on Monday. The regulation of electronic fixed income trading venues varies depending on the...

  • WASHINGTON, July 16- Top lawmakers in the U.S. House of Representatives on Monday said they had agreed on a bipartisan legislative package to ease rules in a bid to help Main Street companies and boost jobs. The agreement between Republican Chairman of the House Financial Services Committee Jeb Hensarling and ranking Democratic member Maxine Waters will fuel...

  • July 16- Netflix Inc's subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday. In after-hours trading on Monday, Netflix shares sunk 14 percent to $343.60, down from an earlier close of $400.48. " Wall Street had been betting that the streaming video pioneer would...

  • SAO PAULO, July 16- Cyrela Brazil Realty SA, one of Latin America's largest homebuilders, reported a strong jump in new home launches and contracted sales in the second quarter, as Brazil's real estate market continues to pick up steam. Contracted sales rose some 40.3 percent from the same quarter a year ago to 1.061 billion reais, the company said in a securities...

  • BRASILIA, July 16- Latin American stocks and currencies were mostly flat on Monday, as a slide in global crude prices and softer economic data in China dampened investor appetite for risk following weeks of losses. China's economy grew at a slower pace in the second quarter as efforts to contain debt hurt activity, while June factory output growth weakened to a...

  • HONOLULU— The Latest on lava injuring tour boat passengers off Hawaii:. Hawaii officials say a 20- year-old woman has major leg trauma after an explosion sent lava flying through the roof of a tour boat off the Big Island. Hawaii officials say an explosion sent lava flying through the roof of a tour boat off the Big Island, injuring at least 13 people.

  • *Energy stocks fall as crude prices tumble. NEW YORK, July 16- The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season. Oil prices slumped more than 4 percent as Libyan ports reopened and traders eyed...

  • TUSTIN, Calif. _ Avid Bioservices Inc. on Monday reported fiscal fourth-quarter net income of $3 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Tustin, California- based company said it had net income of 3 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per...

  • ACCRA, July 16- Ghana's central bank said on Monday it had canceled the acquisition of 51 pct of Agriculture Development Bank by a consortium led by U.S. investor Belstar Capital because the stakes had been acquired inappropriately. The Bank of Ghana also banned all directors appointed to ADB's board by the consortium, it said in a statement.

  • HUNT VALLEY, Md. _ Tessco Technologies Inc. on Monday reported fiscal first-quarter profit of $1.2 million. On a per-share basis, the Hunt Valley, Maryland- based company said it had net income of 13 cents. Tessco shares have fallen 13 percent since the beginning of the year.

  • July 16- Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his plan to give away his fortune. Buffett's 13th annual donation comprised about 17.7 million Class "B" shares of Berkshire, valued at $192 each as of Monday's market close. The largest block went to the Bill&...

  • NEW YORK, July 16- The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank. Oil slumped as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

  • LIMA, July 16- Canadian miner Plateau Energy Metals Inc's Peru unit Macusani Yellowcake S.A.C. said on Monday it has found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uranium resources in its Falchani hard rock deposit in the region Puno. Ulises Solis, general manager of the unit, told a news conference that it was unclear how much...

  • July 16- Netflix Inc missed Wall Street forecasts for U.S. and international subscribers, saying it had overestimated the pace of new additions for April through June but remained confident in long-term growth. The company added 670,000 subscribers in the United States, well below analysts' estimates of 1.19 million, according to Thomson Reuters I/B/E/S.

  • WASHINGTON, July 16- Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The settlement covers several forms of economic damages linked to the inflators, including claims that...