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CNBC Utilities Page Wires

  • The company's shares dropped $9.42 or 4.2 percent to $212.49 in trading on the New York Stock Exchange. Sales in the combat systems unit, which makes boats and tanks, rose 11.9 percent to $1.44 billion in the quarter ended April 1. The delivery delay of two Gulfstream jets was done at the request of the customers, CEO Phebe Novakovic said during a call on Wednesday...

  • LONDON, April 25- Sterling fell against the dollar on Wednesday as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British first-quarter economic growth numbers due on Friday. The release will be the last key data issued before the Bank of England's Monetary Policy Committee meeting early next...

  • April 25- A U.S. appeals court on Wednesday affirmed a ruling that pharmaceutical company Merck& Co dishonestly obtained patent rights and was not entitled to collect a $200 million infringement verdict it won against rival Gilead Sciences Inc.. The U.S. Court of Appeals for the Federal Circuit upheld a June 2016 ruling that the two Merck patents, which cover...

  • VIENNA, April 25- The ride-hailing service Uber is suspending operations in Vienna after an Austrian court issued a temporary injunction against it on Wednesday. The case is one in a series of battles that taxi operators have waged across Europe against the U.S. company that they accuse of undermining their businesses. Uber launched in Europe in 2011, angering...

  • IMPERIAL, Pennsylvania, April 25- General Electric CO employees and shareholders voiced frustration on Wednesday with the company's poor performance, while attending the first annual meeting under Chief Executive Officer John Flannery, who has presided over a 43 percent decline in GE's stock price since taking over on Aug. 1. Several dozen union workers from...

  • LONDON/ NEW YORK, April 25- U.S. media group Comcast submitted a 22 billion pound bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch's Twenty-First Century Fox. The deal has been held up by concerns about the influence Murdoch could wield over public opinion through owning all of the broadcaster as...

  • April 25- U.S. crude oil and gasoline inventories unexpectedly rose last week even as exports hit record highs, the Energy Information Administration said on Wednesday in an overall bearish report that raised some concerns about oversupply. "The builds in crude oil and gasoline inventories are obviously negative, but soaring crude oil and gasoline exports...

  • *Brent forward prices above $70/ bbl until end of 2018. NEW YORK, April 25- U.S. crude rose on Wednesday, shrugging off data showing rising domestic fuel inventories and production, and both U.S. crude and Brent held within sight of three-year highs reached the previous day. Brent was down just 26 cents at $73.60 by 10:55 EDT, just 2 percent below the November 2014 high of...

  • NEW YORK/ LONDON, April 25- U.S. retail investors are losing their appetite for physical gold as buoyant stock markets offer tempting alternatives, sending sales of newly minted coins to their lowest in a decade. While lingering concerns over the U.S.- China trade standoff and simmering geopolitical tensions from Syria to Russia are keeping global gold prices...

  • NEW YORK/ LONDON, April 25- U.S. retail investors are losing their appetite for physical gold as buoyant stock markets offer tempting alternatives, sending sales of newly minted coins to their lowest in a decade. While lingering concerns over the U.S.- China trade standoff and simmering geopolitical tensions from Syria to Russia are keeping global gold prices...

  • TRENTON, N.J.— New Jersey consumer affairs officials have reached an agreement to shutter three companies they say used highly aggressive and misleading telemarketing tactics to sell emergency medical response alert systems to elderly residents. The settlement announced Wednesday calls for the companies and their owners to pay $295,545, which includes...

  • April 25- The U.S. Department of Justice is investigating if Chinese tech company Huawei violated U.S. sanctions in relation to Iran, the Wall Street Journal reported on Wednesday. U.S. authorities last week banned American companies from selling to Chinese smartphone maker ZTE Corp for seven years, saying the Chinese company had broken a settlement agreement...

  • Jurors in federal court in New Haven, Connecticut, deliberated for about a day before acquitting Andre Flotron, a Swiss citizen, in the second U.S. criminal trial on spoofing charges. Attorney John Durham in Connecticut said. Michael Coscia, who owned Panther Energy Trading LLC in New Jersey, was the first person tried in the United States for spoofing, and...

  • NEW YORK— Some small businesses that use Facebook ads to promote themselves and attract new customers are wrestling with whether they need to change strategy after the company's data-misuse scandal. "While I considered deleting Facebook, I understand the importance and reach Facebook has to keep an open channel of communication with our customers," says Mike...

  • DETROIT— General Motors is adding a shift at a Tennessee factory that makes GMC and Cadillac SUVs, putting about 700 people to work. But there may not be any new hires in Spring Hill south of Nashville. The Spring Hill plant now employs about 2,600 hourly workers on two shifts.

  • President Donald Trump's nominee for Wall Street regulator Comptroller of the Currency bought financial stocks until he took office in November, according to financial disclosure documents filed with the Office of Government Ethics. Nominees are required by law to disclose all assets to the Office of Government Ethics and divest any deemed a conflict of...

  • OTTING CLAIMED TAX BREAK ON SHARES WORTH ABOUT $160,000 WHEN SOLD IN JANUARY- DOCUMENTS.

  • COMPTROLLER OF THE CURRENCY OTTING BOUGHT FINANCIAL STOCKS BEFORE NOV SWEARING-IN- DISCLOSURE DOCUMENTS.

  • TRADING ACTIVITY LEGAL; COULD VIOLATE SPIRIT OF ETHICS RULES- GOVT ETHICS EXPERTS.

  • FRANKFURT, April 25- German auto supplier Robert Bosch announced on Wednesday a new code of conduct for staff and improved exhaust control technology, as it strives to draw a line under an emissions scandal that has tarnished the diesel car industry. Prosecutors in Stuttgart are probing several car brands and supplier Bosch for their suspected roles in using...