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CNBC Utilities Page Wires

  • NEW YORK— Canada's Fairfax Financial Holding has placed a bid of $300 million to buy Toys R Us's Canadian operations in bankruptcy. According to court papers filed late Thursday, the bidder is taking on a role of a "stalking horse" in a court-approved auction set for Monday in New York. The bid from Fairfax surpassed the $215 million offer that Isaac Larian, the CEO of...

  • *BoE's Carney dampens UK rate hike expectations. LONDON, April 20- German government bond yields were set for their biggest weekly rise since the beginning of February after a surge in oil prices forced inflation expectations and euro zone bond yields higher. The yield on Germany's 10- year government bond, the benchmark for the region, hit a five-week high of...

  • President Donald Trump at a time when Washington and Berlin are at odds over a range of issues from trade to Iran, her transatlantic coordinator said on Friday. The cautious Merkel has failed to establish a good personal rapport with the brash Trump, and the mood music of her one-day working visit to the White House is likely to contrast sharply with that of French...

  • April 20- Xerox Corp and Fujifilm Holdings are in active talks to renegotiate a deal the two struck in January, CNBC reported, citing comments made by the companies' lawyers at a court hearing on Thursday. The $6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji, has been opposed by the printer copier maker's top shareholders Darwin...

  • MOSCOW, April 20- Russian gas giant Gazprom said on Friday it has lodged a claim to an international arbitration seeking to cancel its supply and transit contracts with Ukraine. Gazprom said last month it would terminate its gas contracts with Ukraine after it lost the court case, escalating a dispute which had left Ukraine struggling to stay warm and which the...

  • HONGKONG/ FRANKFURT, April 20- European private equity investor AAC Capital is launching the sale of Envirotainer, a Swedish company that rents out containers for shipping temperature-sensitive healthcare products, three sources familiar with the matter said. Envirotainer's management is also targeting potential buyers from Asia, according to another...

  • BUKHARA, Uzbekistan, April 19- Russia's No. 2 oil producer Lukoil has started operations at a $3.4 billion gas processing plant at its Kandym gasfield in Uzbekistan, which is seen as central to its efforts to boost gas production and exports to China. Lukoil has not revealed any data on gas exports to China from Uzbekistan. Uzbekneftegaz head Alisher Sultanov said...

  • NEW YORK, April 20- The 10- year Treasury yield reached its highest level since March 21 as a bond selloff continued for a second day, driving the yield curve steeper after two weeks of flattening. "In the last few days there has been pressure and I think it has to do with funding issues, a reallocation based on repatriation of dollars," said Lou Brien, market strategist...

  • *Innogy has granted due diligence for Czech activities. *Macquarie is co-owner of Czech grids business. FRANKFURT/ DUESSELDORF, April 20- Investor Macquarie is interested in some assets of German energy firm Innogy, two people familiar with the matter said, potentially disrupting plans by parent RWE to break up the group with rival E.ON.

  • AMSTERDAM/ CAPE TOWN April 20- South African retailer Steinhoff remains in a "tough position" and is talking to creditors about restructuring debt, the company said on Friday, as directors faced shareholders for the first time since an accounting scandal. Steinhoff, which runs chains such as Britain's Poundland, Mattress Firm in the U.S. and Conforama in France, is...

  • LONDON, April 20- Sterling fell half a percent to a fresh two-week low against the dollar on Friday after Bank of England Governor Mark Carney signalled that the central bank may not raise interest rates in May because economic data was "mixed". But after weaker-than-expected wage growth and inflation data this week, Carney told the BBC on Thursday that a May rate...

  • *OPEC's Barkindo: output cuts helped rescue oil industry. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks. "Looks like OPEC is at it again.

  • Chief Executive Officer Margaret Georgiadis' announcement of her departure on Thursday came after just 14 months at the helm that has seen the company's share price cut in half. "This may imply that the business is struggling to the degree she feels it impossible to turn around and the options are running thin," said Stephanie Wissink, an analyst with broker...

  • BRASILIA, April 20- The Mexican and Colombian pesos weakened sharply on Friday after U.S. The United States cannot legally influence oil prices other than through releasing oil from its strategic reserves which it has done occasionally, most recently last year in the wake of Tropical Storm Harvey. Treasury yields, also damped demand for risky emerging market...

  • *Diplomatic dispute between Somalia and UAE linked to Gulf crisis. *UAE ended military training in Somalia over row. Last week, the UAE ended a military training programme in Somalia in response to the seizure of millions of dollars from a UAE plane at Mogadishu airport.

  • *Q1 adjusted earnings per share $1.95 vs est $1.90. *Sees 2018 EPS $7.85- $8.05, up from $7.75- $8.00. Vertical Research Partners analyst Robert Stallard said Honeywell has a higher share of parts on new business jets such as Gulfstream G500 and G600, which will benefit the company when these planes get certified for sale later this year.

  • GE sliced $1 billion in costs, including $800 million in industrial structural costs. But GE also took a $1.5- billion reserve charge for potential costs associated with its discontinued WMC mortgage business, formerly part GE Capital. The U.S. Department of Justice has been investigating the activities of GE's former mortgage unit during the subprime...

  • MADRID/ LONDON, April 20- The private equity funds of Blackstone and Apollo are the only two bidders left in the sale of Spanish gaming hall operator Cirsa, raising doubts about whether the sale will go ahead, sources familiar with the matter said. Cirsa, based outside Barcelona, is owned by 73- year-old Spanish billionaire Manuel Lao who founded it in 1978.

  • NEW YORK, April 20- The U.S. dollar rose to a two-week high against a basket of currencies on Friday on rising U.S. yields, while sterling fell in the wake of disappointing economic data and dovish comments from the head of the Bank of England. The euro fell below $1.23 and is poised for its biggest weekly drop in two months as investors trimmed record high bets before a...

  • MADRID/ LONDON, April 20- The private equity funds of Blackstone and Apollo are the only two bidders left in the sale of Spanish gaming hall operator Cirsa, raising doubts about whether the sale will go ahead, sources familiar with the matter said. Cirsa, based outside Barcelona, is owned by 73- year-old Spanish billionaire Manuel Lao who founded it in 1978.