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CNBC Utilities Page Wires

  • April 24- U.S. stock indexes opened higher on Tuesday, helped by strong results from Verizon and Caterpillar as well as gains in technology stocks. The Dow Jones Industrial Average rose 131.25 points, or 0.54 percent, at the open to 24,579.94. The S&P 500 opened higher by 10.51 points, or 0.39 percent, at 2,680.80.

  • DUBLIN, April 24- An appeal by Apple and Ireland against a European Union ruling for the U.S. firm to pay 13 billion euros in disputed taxes is likely to be heard in the autumn, Irish Finance Minister Paschal Donohoe said on Tuesday. Both Apple and Dublin are appealing the original ruling, saying the iPhone maker's tax treatment was in line with Irish and European...

  • TREASURY YIELDS HOLD NEAR SESSION HIGHS AS WALL STREET OPENS HIGHER, 10- YEAR YIELD LAST AT 2.994 PCT.

  • So far this year, futures prices have averaged nearly $68 per barrel, which is well above the post-1973 real average price of $50- $55. Non- OPEC oil production is forecast to increase by 2.0 million bpd or more this year, mostly as a result of a large increase in U.S. shale plus other output increases from Canada, Brazil and Norway. But with steep declines in output from...

  • AUBURN, Ala. _ Auburn National Bancorporation Inc. on Tuesday reported first-quarter net income of $2.2 million. The Auburn, Alabama-based bank said it had earnings of 60 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *OPEC- led supply cuts, strong demand lift prices. LONDON, April 24- Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC- led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. "Prices are being driven up by tight supply due to high production outages in Venezuela plus the...

  • *Groupe Bollore runs ports, railways across West Africa. *Allegations concern port concessions in Guinea, Togo. The probe related to the billing of its communications services in Guinea and Togo between 2009 and 2010, it said.

  • NEW YORK— In Washington, even a name change is fraught with political drama. The Consumer Financial Protection Bureau is pushing to be referred to as the Bureau of Consumer Financial Protection, a surface level, but notable change for the agency tasked with protecting consumers against debt collectors and banks. The 2010 Dodd-Frank Act did create a " Bureau of...

  • April 24- Lockheed Martin Corp, the Pentagon's No.1 weapons supplier, reported a better-than-expected quarterly profit and raised its full-year forecast, driven by higher sales of its stealthy F-35 combat jets. Lockheed confirmed on April 11 that the Pentagon had halted deliveries of the jet over a contractual issue, but did not give further details.

  • DUBLIN, April 24- An appeal by Apple and Ireland against a European Union ruling for the U.S. firm to pay 13 billion euros in disputed taxes is likely to be heard in the autumn, Irish Finance Minister Paschal Donohoe said on Tuesday. The European Commission ruled in August 2016 that Apple had received unfair tax incentives. Both Apple and Dublin are appealing the...

  • *Court hearing scheduled for May 8 in Congo. DAKAR, April 24- Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years. Kamoto, one of Democratic Republic of Congo's biggest...

  • All that is required to have packages delivered to a car is downloading an app from Amazon and linking it to the vehicle's so-called connected car service, such as General Motors Co's OnStar system or Volvo Car Group's On Call service. It will be offered in San Francisco, Seattle, Atlanta, Nashville, Milwaukee, Salt Lake City, Washington, D.C. and other areas.

  • GREENVILLE, S.C. _ Southern First Bancshares Inc. on Tuesday reported first-quarter earnings of $5.2 million. The bank, based in Greenville, South Carolina, said it had earnings of 67 cents per share. The holding company for Southern First Bank posted revenue of $19.6 million in the period.

  • LONDON, April 24- Britain's business minister said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of UK engineering company GKN, giving the deal the green light from government. "On the basis of the commitments given relating to national security, the ministry of defence concluded that statutory...

  • IRVINE, Calif. _ First Foundation Inc. on Tuesday reported first-quarter earnings of $9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Three analysts surveyed by Zacks expected $43.2 million.

  • April 24- The Dow Jones Industrial Average was set to open roughly 150 points higher on Tuesday after Caterpillar and United Technologies led a slew of strong earnings reports from members of the blue-chip index. The results also run contrary to a 0.4 percent fall in the S&P industrials index this year due to fears of a tit-for-tat trade war with China.

  • MEMPHIS, Tenn. _ Mueller Industries Inc. on Tuesday reported first-quarter net income of $24.1 million. On a per-share basis, the Memphis, Tennessee- based company said it had profit of 42 cents. Mueller Industries shares have fallen 23 percent since the beginning of the year.

  • MARIETTA, Ohio _ Peoples Bancorp Inc. on Tuesday reported first-quarter earnings of $11.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Three analysts surveyed by Zacks expected $42.9 million.

  • CAPE TOWN, April 24- South African Airways needs a new capital injection "now" to stay afloat and is in discussions with banks and the National Treasury for "an open credit line", its chief executive said on Tuesday. He later told reporters that SAA would need around 5 billion rand this year to pay down debts and for operational costs. "Over the next six months we will need......

  • WASHINGTON— U.S. home prices jumped in February as buyers compete fiercely over a dwindling number of properties for sale. The S&P CoreLogic Case-Shiller national home price index released Tuesday jumped 6.3 percent in February from a year earlier, matching December's increase. That jump was the largest in nearly three years.