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CNBC Utilities Page Wires

  • BEIJING/ WASHINGTON, May 21- Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China. Over the weekend, the two sides pledged to keep talking about how China could import more energy and agricultural commodities from...

  • CIUDAD VICTORIA, Mexico— At least 200 demonstrators have blocked a major commercial bridge between Mexico and Texas to protest the disappearance of dozens of people in the Mexican border state of Tamaulipas. The bridge is used exclusively for cargo traffic traversing the border between Nuevo Laredo in Tamaulipas and Laredo, Texas. Demonstrators were...

  • MEXICO CITY— Mexican aviation authorities on Monday announced the temporary suspension of a Mexican charter company that owned a passenger jet that crashed in Cuba, killing 110 people. The General Directorate of Civil Aviation said in a statement that the decision was made to carry out an "extraordinary" review to verify whether Aerolineas Damojh, which uses...

  • LONDON— The head of Parliament's media committee has appealed to European lawmakers to put questions to Mark Zuckerberg on his behalf when the Facebook chief gives evidence Tuesday. Committee chair Damian Collins wrote to Facebook again Monday, expressing disappointment at its "lack of transparency" in dealing with his investigation into fake news.

  • LONDON, May 22- British lawmakers want their European counterparts to quiz Facebook CEO Mark Zuckerberg about a scandal over improper use of millions of Facebook users' data, as he will not give evidence in London himself. But while he will answer questions from lawmakers in Brussels on Tuesday, and is meeting French President Emmanuel Macron on Wednesday, he has...

  • BRASILIA, May 21- Brazilian financial exchange operator B3 SA Brasil Bolsa Balcao on Monday named Antonio Carlos Quintella as its new chairman, replacing Pedro Parente, who also serves as chief executive of Petroleo Brasileiro SA. Quintella is currently vice chairman of B3 and will assume the new role on June 1, according to a securities exchange filing.

  • BUENOS AIRES, May 21- The European Union and South America's Mercosur bloc could reach a trade agreement this year, the president of the European Council said on Monday, following tensions between the two regional blocs during negotiations last month. "We think we're going to end negotiations toward the end of the year," said Ekaterina Zaharieva, the foreign...

  • MIAMI _ Globe Specialty Metals Inc. on Monday reported first-quarter net income of $36.7 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Five analysts surveyed by Zacks expected $559.1 million.

  • Treasury Secretary Steven Mnuchin has given President Donald Trump an update on Treasury's efforts to address concerns about Chinese investments in the United States, a Treasury spokeswoman said on Monday. The spokeswoman did not provide any details on proposed investment restrictions or other actions to be taken under the administration's Section 301...

  • TREASURY'S MNUCHIN HAS GIVEN TRUMP AN UPDATE ON TREASURY PROGRESS TOWARD ADDRESSING CHINESE INVESTMENT CONCERNS-SPOKESWOMAN.

  • GUANGZHOU, China _ Sino Agro Food Inc. on Monday reported first-quarter profit of $5.1 million. The Guangzhou, China- based company said it had profit of 17 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. LNG plants waiting for customer commitments to reach a final investment decision, many of them looking to China for deals. China imported 5.6 billion cubic feet per day last year, making it the world's largest buyer after Japan.

  • May 21- A former software engineer at Uber Technologies Inc filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. "Uber is moving in a new direction," including by implementing a new salary and equity structure, overhauling...

  • May 21- Micron Technology Inc said on Monday it would repurchase up to $10 billion of its shares, or about 16 percent of the company's market value, making it the memory chipmaker's biggest ever buyback. They were up 4.3 percent at $57.89 in extended trading. Micron, which has a market value of about $62 billion, also raised its third-quarter profit and revenue...

  • May 21- Influential U.S. magazine Consumer Reports will not recommend Tesla Inc's Model 3 sedan, saying on Monday it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk's electric car company. Musk had driven shares in Tesla as much as 4 percent higher with weekend tweets showing the Silicon Valley company was...

  • May 21- Luxury accessories and apparel maker Tapestry Inc said on Monday that Giovanni Morelli, creative director of its Stuart Weitzman footwear brand, has resigned, citing unspecified behavior. He succeeded Stuart Weitzman, the brand's founder and now its chairman. Stuart Weitzman is the smallest of Tapestry's three businesses by sales.

  • BENTONVILLE, Ark. _ America's Car-Mart Inc. on Monday reported fiscal fourth-quarter net income of $10.2 million. On a per-share basis, the Bentonville, Arkansas- based company said it had net income of $1.43. America's Car-Mart shares have risen 23 percent since the beginning of the year.

  • May 21- Memory chipmaker Micron Technology Inc said on Monday it would buy back up to $10 billion of its shares, in conjunction with its newly announced plans to return at least 50 percent of free cash flow to stockholders from fiscal 2019.. The buyback represents about 16 percent of Micron's market capitalization of $62 billion. Shares of Micron were up 3.3...

  • SAO PAULO, May 21- Brazil's real gained more than 1 percent on Monday after the country's central bank boosted its currency swap program, while Mexico's peso weakened past 20 per dollar to a more than one-year low. Mexico's peso briefly blew past 20 per dollar, touching its weakest level since March 2017, before slightly rebounding. Stocks suffered across Latin...

  • WASHINGTON, May 21- The U.S. Commerce Department on Monday slapped steep import duties on steel products from Vietnam that originated in China after a final finding they evaded U.S. anti-dumping and anti-subsidy orders. U.S. customs authorities will collect anti-dumping duties of 199.76 percent and countervailing duties of 256.44 percent on imports of...