CNBC Utilities Page Wires

  • April 25- Morgan Stanley will pay $150 million to settle charges it concealed the risk of mortgage-backed securities that were sold to two large California pension funds, the state's attorney general Xavier Becerra announced on Thursday. The California Public Employees' Retirement System will receive $122 million from the settlement, while the California...

  • As of 12:55 p.m. CDT, Chicago Board of Trade July soybeans were up 3-3/ 4 cents at $8.72-1/ 2 per bushel. CBOT July corn was up 1-1/ 2 cents at $3.57-1/ 2 a bushel after falling to a contract low at $3.51-1/ 2, and July wheat was up 3 cents at $4.41-1/ 2 a bushel after recording a contract low at $4.34-1/ 2. "It's just a technical rebound," said Terry Reilly, senior commodity analyst...

  • The FAA said the meeting "is intended to provide participants the FAAs safety analysis that will inform its decision to return the 737 MAX fleet to service in the U.S. when it is made." The FAA, which did not disclose where the meeting will take place, said that at the May 23 meeting it will "provide safety experts to answer any questions participants have related to...

  • *SOUTHWEST EXECUTIVE SAYS WILL CONTINUE TO ADD HAWAII SERVICE IN SECOND QUARTER. *SOUTHWEST SAYS WILL USE ITS 737 MAX JETS AS SPARES IF GROUNDING IS LIFTED BEFORE AUG 5. *SOUTHWEST SAYS SEEING STRONG DEMAND FOR HAWAII FLIGHTS, STARTING TO RAISE FARES.

  • LONDON, April 25- London's Crossrail pushed back its launch date again on Thursday, saying it was now hoping to open the line that will link the Canary Wharf financial district and Heathrow airport by the end of March 2021 at the latest. The 15 billion pound flagship plan has been repeatedly delayed since it missed its original target date of December 2018.

  • NEW YORK, April 25- Goldman Sachs Group Inc is expanding a financial advisory service for top executives to target millions of other affluent employees at some of the biggest U.S. companies, as it seeks to build its retail and wealth management businesses. By the end of 2019, the bank hopes to have signed up around 100 companies, which employ 2 million employees,...

  • *Microsoft gains as it predicts more cloud growth. *Facebook surges in heavy trading after Q1 profit beat. April 25- The S&P 500 was flat on Thursday as gains in Facebook and Microsoft were overshadowed by 3 M's bleak quarterly report, which sparked concerns about slowing global growth.

  • PARIS, April 25- French auto parts maker Valeo said sales fell 0.8 percent in the first quarter amid sharper declines in vehicle production in some of its major markets. Revenue fell to 4.841 billion euros in January-March from 4.881 billion a year earlier, as global auto production dropped 7 percent, the Paris- based company said. "In a particularly unstable...

  • NEW YORK, April 25- After months of handwringing about the possible crash-landing of the housing market, investors awaiting quarterly earnings from No. 3 U.S. homebuilder PulteGroup Inc this week were ready for the worst. "2019 can turn out to be a good year for the housing industry," Chief Executive Ryan Marshall said on a conference call. Beyond PulteGroup, scores...

  • 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 Sweden and the Baltics and another by Sweden's economic crimes body. Any action by U.S. authorities, such as the Department of Justice or the Securities and Exchange Commission, is a key concern for...

  • Sainsbury slump, Taylor Wimpey's lower outlook weigh on FTSE. "The sizes of losses seem to be driven primarily by domestic news," said Craig Erlam, senior market analyst at OANDA in London, pointing also to some profit-taking and softer earnings. Most major country indexes in the region ended significantly lower, with London's FTSE 100 down 0.5 percent while...

  • Horton Inc forecast 2019 revenue below Wall Street estimates and did not provide an outlook on gross margin for the year, spooking investors who have been worried about the impact of rising costs on future profits. "Incentives is just one lever that is causing them some lack of clarity right now," JMP Securities analyst Peter Martin said. Horton's costs rose 10...

  • April 25- Shares of 3 M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China. 3 M, which makes everything from adhesive tapes to air filters, said the dismal performance in the first three months of 2019 was...

  • "There's still quite a bit of uncertainty," said ING analyst Warren Patterson. But he predicted that tight supplies and a likely U.S.- China trade deal would help lift copper to around $6,900 at the end of the year. SPREAD: The discount for cash copper against the three-month contract on the LME, however, shrank to $6.50 from $28 on April 18, suggesting less metal is...

  • April 25- The United States on Thursday added China's third-largest e-commerce platform to its list of "notorious markets" for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns. It also kept Alibaba Group's taobao.com, China's largest e-commerce platform, on the list.

  • *Russia says will pump clean fuel to Europe on April 29. MOSCOW, April 25- Poland and Germany have suspended imports of Russian oil via a major pipeline, citing poor quality and triggering a rare crisis over supply from the world's second-largest crude exporter. The suspension cuts off a major supply route for Polish refineries owned by Polands PKN Orlen and Grupa...

  • *FTSE 100, FTSE 250 down 0.6 pct. April 25- British shares closed in the red on Thursday as Taylor Wimpey's warning on margins triggered a sell-off among housebuilders while investors soured on Sainsbury's after the company scrapped its proposed takeover of Walmart's Asda. The FTSE 100 and the FTSE 250 lost 0.6 percent each.

  • PARIS, April 25- Construction materials group St Gobain maintained its outlook for an increase in annual underlying profits on Thursday as it posted higher first-quarter sales. St Gobain's sales rose 6.4 percent from a year ago to 10.38 billion euros, with turnover boosted by recent acquisitions and growth in Europe and the Americas. "In line with our objective...

  • DEUTSCHE BANK CEO SAYS TO BE ACTIVE PLAYER IN EUROPE BANK CONSOLIDATION- BILD.

  • OTTAWA, April 25- Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices. Privacy Commissioner Daniel Therrien made his comments while releasing the results of an investigation, opened a year ago,...