CNBC Utilities Page Wires

  • SAO PAULO, March 20- The Brazilian government seeks to boost foreign trade to a value representing at least 30 percent of the country's gross domestic product as it plans to open up its economy, Foreign Trade Secretary Marcos Troyjo said during a presentation on Wednesday. Troyjo noted the country is on track to reach the target by the end of 2022. "We will achieve...

  • WASHINGTON, March 20- AT&T Inc Chief Executive Randall Stephenson said Wednesday that Chinas Huawei Technologies Co Ltd is making it very difficult for European carriers to drop the company from its supply chain for next-generation 5 G wireless service. "If you have deployed Huawei as your 4 G network, Huawei is not allowing interoperability to 5 G-- meaning if...

  • March 20- Levi Strauss& Co's initial public offering of 36.7 million shares was priced at $17 per share, above the expected range of $14 to $16.

  • VALLEY, Neb., March 20- Small Missouri towns on Wednesday prepared for the next wave of flooding along the snow-melt-swollen Missouri River after high waters wreaked nearly $1.5 billion in damage in Nebraska, and officials warned the deadly disaster was far from over. Flood waters spawned by last week's late-winter storm and warmer weather that swiftly melted...

  • ADDIS ABABA/ JAKARTA/ WASHINGTON, March 20- Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the world's biggest planemaker works to overcome obstacles to returning the grounded fleet to the skies. The Senate hearing, at an unspecified date, would be the first...

  • CALGARY, Alberta, March 20- Canada's battered oil industry is rooting for the opposition in next month's election in energy heartland Alberta, investors said on Wednesday, but a brewing scandal involving the party's leader could derail its hopes of an easy victory. Alberta contains Canada's vast oil sands, home to the world's third largest crude reserves.

  • The Boise, Idaho- based company said on Wednesday it expects revenue between $4.6 billion and $5 billion for its fiscal third quarter, falling short of analyst expectations of $5.3 billion according to IBES data from Refinitiv. The company cut planned capital expenditures for the 2019 fiscal year to $9 billion, Micron executives said. In December the company...

  • LONDON, March 20- Prime Minister Theresa May made an impassioned appeal to British lawmakers to support her on Wednesday after the European Union said it could only grant her request to delay Brexit for three months if parliament next week backed her plans for leaving. May had earlier asked the EU to let Britain delay its departure date from March 29 to June 30, a...

  • BRASILIA, March 20- Brazil's central bank kept its benchmark interest rate at a record low 6.50 percent on Wednesday, as expected, while noting that recent economic data has been weaker than expected and that inflation risks are no longer skewed to the upside. In a sign that new central bank chief Roberto Campos Neto will stay the steady course set out by his...

  • NEW YORK, March 20- Bayer AG had hoped a new trial strategy focusing jurors on scientific evidence could stem a burgeoning tide of U.S. lawsuits over its glyphosate-based weed killer Roundup, but a second jury finding on Tuesday that the product caused cancer has narrowed the company's options, some legal experts said. Bayer shares tumbled more than 12 percent on...

  • SEATTLE, March 20- Boeing Co has delayed by at least three months its first uncrewed flight to the International Space Station under NASA's human spaceflight program, and pushed its crewed flight until November, industry sources said on Wednesday. Reuters reported last month that NASA has warned Boeing and rival contractor SpaceX of design and safety...

  • The EPA is set to decide on its pending 2018 exemption applications by the end of March, the compliance-year deadline under the RFS. EPA spokesman Michael Abboud declined to comment, saying only that it would continue to follow the letter of the law. "EPA continues to implement the Renewable Fuel Standard program, including Small Refinery Exemptions, in...

  • NEW YORK, March 20- A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.- China trade talks. Sterling fell after British Prime Minister Theresa May said she was not prepared to delay Brexit further than June 30. Strong support from the Fed could mean the economy...

  • WASHINGTON, March 20- The Federal Reserve on Wednesday unveiled a long-awaited plan to stop scaling back the vast portfolio of bonds it built up to spur an economic recovery from the 2007-2009 financial crisis and recession. When completed the Fed would still likely have at least $3.5 trillion in bonds, more than four times the roughly $800 billion it had...

  • SAO PAULO, March 20- Executives at Vale SA, the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday. William Garcia, a prosecutor in Minas Gerais where the January disaster...

  • *Central bank forecasts no rate hikes in 2019. WASHINGTON, March 20- The U.S. They also said that as of May they would slow their monthly reduction of as much as $50 billion in asset holdings, and halt them altogether in September, ending what amounted to a second lever of monetary tightening that had run in the background since late 2017..

  • VALLEY, Neb., March 20- Small Missouri towns on Wednesday prepared for the next wave of flooding along the snow melt-swollen Missouri River after high waters wreaked an estimated $1 billion in damage in Nebraska, and officials warned the deadly disaster was far from over. Floodwaters spawned by last week's late-winter storm and warmer weather that swiftly...

  • Chipmakers are also reeling from a prolonged trade war between the United States and China. Net income attributable to the company fell to $1.62 billion, or $1.42 per share, in the second quarter ended Feb. 28, from $3.31 billion, or $2.67 per share, a year earlier. Revenue fell to $5.84 billion from $7.35 billion.

  • EXCLUSIVE- COMMITTEE TO HEAR FROM FAA ACTING CHIEF ELWELL, NTSB CHAIRMAN, AND TRANSPORTATION DEPARTMENT INSPECTOR GENERAL ON WAYS TO IMPROVE AIR TRANSPORT- STATEMENT.

  • EXCLUSIVE- SENATE COMMERCE COMMITTEE SAYS IT PLANS TO CALL BOEING AND OTHER AVIATION MANUFACTURERS TO TESTIFY AT FUTURE HEARING- STATEMENT.