CNBC Utilities Page Wires

  • LONDON, April 26- The U.S. economy showed clear signs of slowing during the first three months of the year, despite a much higher than expected figure for headline growth in gross domestic product reported on Friday. Real GDP expanded at an annualized rate of 3.2 percent in the first quarter, up from 2.2 percent in the previous three months, according to the advanced...

  • April 26- Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China. "We remain cautious given near-term headwinds surrounding China, including cannibalization,...

  • April 26- Husky Energy Inc, one of Canada's biggest integrated oil producers, urged the incoming Alberta provincial government on Friday to end mandatory production cuts, saying they have hurt the economy, even as the company posted higher quarterly profit. Alberta imposed the curtailments in January in an attempt to reduce hefty price discounts on Canadian...

  • KIEV, April 26- A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone's idea of fun but has attracted 60,000 people globally since its launch in October. While the game takes its theme from the nuclear disaster at Chernobyl in northern Ukraine, which marked its 33rd anniversary on Friday,...

  • NEW YORK, April 26- The dollar fell against a basket of other currencies on Friday, after an overall strong U.S. first-quarter growth report was overshadowed by soft inflation data. Gross domestic product increased at a 3.2 percent annualized rate in the quarter, the Commerce Department said in its advance GDP report, released on Friday, versus the 2.0 percent...

  • WASHINGTON, April 26- Strong U.S. economic growth and modest inflation are giving Washington leverage over Beijing in trade talks, the White House's top economic adviser said on Friday as U.S. and Chinese negotiators prepared for a new round of meetings next week. Larry Kudlow, director of the White House's National Economic Council, also said on CNBC television...

  • *Italy/ Germany yield tightens after hitting 270.7 bps. Italy is rated Baa3 by Moody's and BBB by Fitch. But Italian bond yields fell as the session wore on, a move analysts attributed to a view that Italy was safe from a downgrade for now.

  • CHEVRON WAITING FOR ANADARKO BOARD'S DECISION ON UNSOLICITED OFFER FROM OCCIDENTAL- CHEVRON CEO MICHAEL WIRTH.

  • COLOMBO, April 26- The Sri Lankan rupee closed 0.2 percent weaker on Friday as worries about more bomb attacks after the Easter Sunday attacks weighed, while stocks edged up for the third straight session after hitting a more than six-year low early in the week. **Dollar-denominated bonds issued by Sri Lanka's government tumbled across the curve on Thursday...

  • April 26- The owner of popular workplace instant messaging app Slack made public strong year-on-year growth numbers on Friday, and an annual loss of $140.7 million, as it filed formally for its long-awaited market debut. Some early investors and employees have been selling the stock at around $28, valuing the company close to $17 billion, Kelly Rodriques, Chief...

  • *JUDGE GRANTS REQUEST BY TESLA INC'S ELON MUSK, U.S. SEC FOR SECOND EXTENSION TO RESOLVE CONTEMPT MOTION- N.Y. *MUSK, SEC GIVEN UNTIL APRIL 30, 2019 TO REPORT RESOLUTION TO COURT.

  • NEW YORK, April 26- Even as the lift from optimism over prospects for U.S.- China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China's economy could bolster shares of materials companies. Shares of S&P 500 industrial and technology companies, which were buffeted by last year's tit-for-tat tariffs as well as...

  • CHEVRON HAS BEGUN MERGER INTEGRATION PLANNING WITH ANADARKO PETROLEUM- CHEVRON EXECUTIVE.

  • U.S. CRUDE FUTURES FALL TO THREE-WEEK LOW OF $62.28 A BARREL.

  • MUSK, SEC GIVEN UNTIL APRIL 30, 2019 TO REPORT RESOLUTION TO COURT.

  • BRENT FALLS MORE THAN $3 TO SESSION LOW OF $71.32 A BARREL.

  • LONDON, April 26- With Sainsbury's dream of creating Britain's biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week. Britain's competition regulator blocked Sainsbury's 7.3 billion pound takeover of Walmart's Asda on Thursday,...

  • *WHITE HOUSE ECONOMIST HASSETT SAYS ECONOMIC GROWTH REALLY, REALLY STRONG IN FIRST QUARTER- WSJ. *KEVIN HASSETT SAYS OPTIMISTIC ABOUT ECONOMYS PROSPECTS IN 2019- WSJ. *KEVIN HASSETT SAYS REASON TRADE WAS SUCH A POSITIVE IN QUARTER WAS THAT IMPORTS FROM CHINA DROPPED SHARPLY AFTER EARLIER, ANTICIPATORY BUILD-UP- WSJ Source text: https://on.wsj.com/2vpYv4u.

  • SAO PAULO, April 26- Exxon Mobil Corp is studying a possible purchase of production rights in Brazil's so-called transfer-of-rights area- one of the worlds most promising offshore oil areas- although no decision has yet been made on the matter, an executive said on Friday. Speaking at an event in Sao Paulo, Exxon's Brazil chief Carla Lacerda said the oil major was...

  • LONDON, April 26- The British pound was headed for its biggest weekly drop in a month on Friday, dragged down by growing concern about stagnant Brexit talks. Sterling- stuck around $1.29- has struggled this week as lawmakers returned from an Easter recess with little sign of progress in Prime Minister Theresa May's efforts to convince lawmakers to back her Brexit...