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CNBC Utilities Page Wires

  • BERLIN— Audi's chief executive is seeking his release from jail during an ongoing investigation of suspected fraud as part of parent company Volkswagen's diesel emissions scandal. Rupert Stadler was arrested June 18 due to fears he might try to evade justice. News agency dpa reported that Munich prosecutors said Thursday that Stadler has filed a complaint...

  • *Pandora lowers prices in China. COPENHAGEN, July 19- Shares in Pandora fell as much as 7 percent on Thursday after the Danish jeweler said it would lower retail prices in China by an average 15 percent to combat a rise in grey market sales. China is a key growth market for affordable luxury jewelry makers like Pandora due to a growing middle class willing to spend at a...

  • President Donald Trump on Thursday thanked two major drug companies for not raising their prices and said his administration was working toward "substantially" cutting prescription-drug prices. "Thank you to Novartis for not increasing your prices on prescription drugs. We are making a big push to actually reduce the prices, maybe substantially, on...

  • CHICAGO _ MB Financial Inc. on Wednesday reported second-quarter profit of $38.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 68 cents per share. Seven analysts surveyed by Zacks expected $241.4 million.

  • BALL GROUND, Ga. _ Chart Industries Inc. on Thursday reported second-quarter profit of $12.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. Chart Industries expects full-year earnings in the range of $1.85 to $2.05 per share, with revenue in the range of $1.2 billion to $1.25 billion.

  • PARIS, July 19- Air France-KLM and its stakeholder and business partner China Eastern Airlines announced plans on Thursday to broaden their joint venture to take in new routes. The companies said they would add the Paris- Wuhan and Paris-Kunming routes to their network, on a code-sharing basis. China Eastern Airlines and Delta Airlines each hold 8.8 percent of...

  • July 19- Medical device maker Danaher Corp said on Thursday that it plans to spin-off its dental business, which had annual sales of nearly $3 billion in 2017, into a publicly traded company.

  • WASHINGTON _ Danaher Corp. on Thursday reported second-quarter profit of $673.8 million. Six analysts surveyed by Zacks expected $4.92 billion. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.08.

  • OSLO, July 19- A state-appointed mediator is talking to rig owners and a Norwegian union to try to resolve a strike by almost 1,600 oil workers but he warned that it was too early to say if the dispute could be settled. Norway's Safe union on Monday escalated a strike it began on July 10 over pay and pensions that has had a limited impact on Norway's oil production so...

  • BRUSSELS— The European Union says it is already preparing measures to retaliate against the U.S. if President Donald Trump imposes tariffs on imported cars and auto parts. EU Trade Commissioner Cecilia Malmstrom said Thursday that the 28- nation bloc would be forced to impose more "rebalancing measures" if Trump escalates trade tensions with the auto tariffs.

  • NEW YORK, July 19- Over the past year, Angela Bassett has been showing her wide acting range as mother of superhero T'Challa in "Black Panther" and a CIA director in the new "Mission: Impossible- Fallout" sequel that opens next week. That follows roles as American icons, ranging from vocal powerhouse Tina Turner to civil rights activists Betty Shabazz and Rosa Parks, and...

  • *Switzerland losing crypto "crown" to offshore rivals. The departures, which industry sources fear will continue, mean Switzerland is losing business to offshore rivals including Liechtenstein, Gibraltar and the Cayman Islands, where banks are more welcoming. While crypto-related business in Switzerland is tiny compared with its traditional banking...

  • *Switzerland losing crypto "crown" to offshore rivals. The departures, which industry sources fear will continue, mean Switzerland is losing business to offshore rivals including Liechtenstein, Gibraltar and the Cayman Islands, where banks are more welcoming. While crypto-related business in Switzerland is tiny compared with its traditional banking...

  • WASHINGTON, July 19- Fireworks are expected in U.S. Congress on Thursday when lawmakers question Kathy Kraninger, a senior government official and President Donald Trump's pick to lead the consumer watchdog created after the 2007-2009 financial crisis. Senators to prove she has adequate experience to lead the Consumer Financial Protection Bureau.

  • *Switzerland losing crypto "crown" to offshore rivals. The departures, which industry sources fear will continue, mean Switzerland is losing business to offshore rivals including Liechtenstein, Gibraltar and the Cayman Islands, where banks are more welcoming. While crypto-related business in Switzerland is tiny compared with its traditional banking...

  • *Switzerland losing crypto "crown" to offshore rivals. The departures, which industry sources fear will continue, mean Switzerland is losing business to offshore rivals including Liechtenstein, Gibraltar and the Cayman Islands, where banks are more welcoming. While crypto-related business in Switzerland is tiny compared with its traditional banking...

  • *OPEC pared production cuts in June- sources. Brent has fallen almost 9 percent from last week's high above $79 on emerging evidence of higher production from Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries, as well as Russia and the United States. "The outlook remains negative," said Robin Bieber, technical analyst at...

  • FARNBOROUGH, England, July 19- Hawaiian Airlines said on Thursday it would buy 10 787-9 widebodies from Boeing Co with purchase rights for up to 10 more 787 aircraft, putting pressure on rival Airbus to defend its A330neo jet against the Boeing series. The firm order, valued at $2.82 billion at list prices and announced during the Farnborough Air Show in southern...

  • FARNBOROUGH, England, July 19- Hawaiian Airlines said on Thursday it would buy 10 787-9 widebodies from Boeing Co with purchase rights for up to 10 more 787 aircraft, putting pressure on rival Airbus to defend its A330neo jet against the Boeing series. The firm order, valued at $2.82 billion at list prices and announced during the Farnborough Air Show in southern...