CNBC Utilities Page Wires

  • April 25- Southwest Airlines Co reported a 16 percent drop in quarterly profit on Thursday, saying a U.S. government shutdown, maintenance disruptions and the grounding of its Boeing 737 MAX jets knocked $150 million off its bottom line. Dallas, Texas- based Southwest, the world's largest MAX operator with 34 jets in its fleet and dozens more on order, said it lost...

  • MUNICH, April 25- German payments company Wirecard sought on Thursday to refocus on growth after securing audit approval of annual results which had been delayed by allegations of fraud and false accounting at its Singapore office. Wirecard said auditor EY had found "no objections against the accounting treatment of the facts that were the subject of various...

  • *Spot gold may bounce towards $1,284- analyst. Spot gold was 0.2 percent higher at $1,277.56 per ounce at 1003 GMT. But, the market is still looking for catalysts for a significant move and there is not much momentum in either direction, "said Capital Economics analyst Ross Strachan.

  • LONDON, April 25- Germany's 10- year government bond yield fell to a two-week low below zero percent on Thursday, a day after a disappointing German Ifo sentiment survey that exacerbated concerns about the euro zone's economic outlook. Having hit one-month highs just a week ago, weak data from Europe's powerhouse economy Germany have pushed bond yields back...

  • *China March refined zinc imports at 51,111 tonnes- Rtrs calculations. *China March refined lead imports at 11,636 tonnes- customs. *China March refined nickel imports at 11,466 tonnes- Rtrs calculations.

  • Net profit rose to $39 million in the first quarter ended March, from $20 million, a year earlier, while total net sales increased by 1 percent to $3.2 billion.

  • BAGHDAD, April 25- Iraq's oil minister said on Thursday his country had the capacity to increase its oil production to 6 million barrels per day if needed, but it was committed to OPEC- led output cuts and would not take unilateral action to boost supply. Thamer Ghadhban also said there were no acute oil shortages for the time being, but Iraq would continue to monitor...

  • BEIJING, April 25- China's imports of soybeans from the United States, the second-largest supplier to the country in 2018, rose in March from the previous month as more cargoes booked during a truce in the trade dispute between the two countries arrived. China, the world's biggest soybean buyer, imported 1.51 million tonnes of soybeans from the United States in...

  • The plane and train maker cut its 2019 revenue estimates by $1 billion to $17 billion, while adjusted core earnings is expected to be in the range of $1.50 billion to $1.65 billion, compared with its prior expectation of $1.65 billion to $1.8 billion.

  • Horton Inc on Thursday forecast full-year home sales, the mid-point of which was below Wall Street expectations. Net income attributable to the company was $351.3 million, or 93 cents per share, in the second-quarter ended March 31, from $351.0 million, or 91 cents per share, a year earlier. Revenue rose to $4.13 billion from $3.79 billion.

  • WASHINGTON, April 25- Former U.S. Vice President Joe Biden on Thursday formally announced his entry into the race for the Democratic party's presidential nomination for the 2020 election. President Donald Trump a second term in office.

  • *Taylor Wimpey shares fall, sector in the red. April 25- Britain's third-largest homebuilder Taylor Wimpey warned on Thursday the rising cost of building materials would weigh on profit margins this year, hitting shares across the sector. Taylor Wimpey now expects building costs to rise about 5 percent in 2019 versus a previous 3-4 percent forecast.

  • VICE PRESIDENT BIDEN ANNOUNCES BID FOR DEMOCRATIC PRESIDENTIAL NOMINATION FOR 2020 ELECTION.

  • SAO PAULO, April 25- Brazil's second largest listed bank Banco Bradesco SA on Thursday reported higher first-quarter profits and met analysts' estimates, as its loan book grew and loan-loss provisions fell. Bradesco's recurring net income came in at 6.238 billion reais, up 22.3 percent from the same period a year earlier and roughly in line with a Refinitiv...

  • HELSINKI, April 25- Finnish elevator maker Kone on Thursday reported higher than expected first-quarter sales, and nudged up its forecasts for 2019 sales and profits. The company said its first quarter sales rose 10 percent to 2.2 billion euros, beating all analysts' expectations, with adjusted operating profit rising to 228.4 million euros, in line with...

  • BRENT CRUDE OIL FUTURES RISE BY $1 TO $75.57 PER BARREL.

  • STOCKHOLM, April 25- Swedbank admitted to failings in combating money laundering and said on Thursday it was facing investigations in the United States, adding to pressure over its Baltic business. Sweden's oldest bank, whose CEO and chairman have both left as money laundering allegations snowballed, is already facing a joint probe by financial watchdogs in...

  • TOKYO, April 25- Former Nissan Chairman Carlos Ghosn was set to walk out of a Japanese jail for a second time since his arrest last year on financial misconduct charges, after posting $4.5 million bail on Thursday and agreeing to curbs on contacting his wife. A Tokyo court set a new condition for bail that Ghosn cannot meet or otherwise communicate with his wife...

  • ZURICH, April 25- Switzerland's medical technology lobby advised members on Thursday to brace for trouble should the government reject a stalled bilateral treaty with the European Union, potentially hurting access to the crucial EU market. The Swiss government has been holding consultations with domestic power brokers on how to proceed with the treaty,...

  • BEIJING, April 25- German automaker Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co plans to invest 5.06 billion yuan in a new electric car factory in the eastern Chinese city of Hefei, according to local authorities. A document posted online by the Hefei Economic and Technological Development Area on Monday showed that Volkswagen...