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CNBC Utilities Page Wires

  • BEIJING, April 24- Some Chinese sorghum importers have asked Beijing to waive the hefty anti-dumping deposit imposed last week on U.S. imports already at sea, as companies rushed to sell stranded China- bound cargoes that were on the water at big discounts. China's Commerce Ministry slapped a 178.6 percent deposit starting from April 18 on imports of sorghum...

  • Net income rose to $669 million, or $2.42 per share, in the first quarter ended March 31 from $617 million, or $2.17 per share, a year earlier. On a core basis, the New York- based company earned $2.46 per share. Net investment income fell 1 percent to $603 million and catastrophe losses, net of reinsurance, widened to $354 million from $347 million a year earlier.

  • BRUSSELS, April 24- Ireland gained EU approval on Tuesday for a tax on sugary drinks after regulators said the levy would help the country tackle health and obesity issues. The ruling could help head off any challenges to taxes in other EU countries, including Britain, France, Hungary, which have also imposed some form of tax on drinks with added sugar to cut...

  • COLUMBIA, S.C. _ South State Corp. on Tuesday reported first-quarter earnings of $42.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BOLLORE'S CONCESSION TO BUILD PORT IN GUINEA CAPITAL CONAKRY WAS IN STRICT COMPLIANCE WITH THE LAW- GUINEA GOVERNMENT SPOKESMAN.

  • JERUSALEM— A hard-line Israeli lawmaker is sarcastically thanking Twitter for briefly freezing his account following a post he wrote about wishing a teen Palestinian protester had been shot. Bezalel Smotrich of the Jewish Home party says Tuesday that Twitter had given greater prominence to his stance that the 17- year-old was a "terrorist."

  • LIVONIA, Mich. _ Masco Corp. on Tuesday reported first-quarter profit of $149 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Nine analysts surveyed by Zacks expected $1.86 billion.

  • NORTHFIELD, Ill. _ Stepan Co. on Tuesday reported first-quarter net income of $30.7 million. On a per-share basis, the Northfield, Illinois- based company said it had net income of $1.31. Stepan Co. shares have risen 13 percent since the beginning of the year.

  • SINGAPORE, April 24- Southeast Asian leaders will focus on trade wars, the crisis in Myanmar and security tensions in the disputed South China Sea at a summit this weekend, but it's highly unlikely there will be any headline-grabbing progress on the issues. The group also includes developing countries like Myanmar, Laos and Cambodia, as well as nations like the...

  • COPENHAGEN, Denmark— Swedish furniture retailer Ikea is recalling for repair gas hobs sold across Europe because their carbon monoxide emissions are above the allowed limits. Ikea said Tuesday that customers who bought an Eldslaga, which is sold in 22 European countries, before Jan. 1, 2018 should contact its customer service. Its parent company is...

  • April 24- Drug developer Biogen Inc reported a 57 percent jump in quarterly profit on Tuesday, helped by higher sales of its spinal muscular atrophy drug, Spinraza. Net income attributable to shareholders rose to $1.17 billion in the first quarter ended March 31, or $5.54 per share, from $747.6 million or $3.46 a share, a year earlier. Revenue rose to $3.13 billion...

  • BEIJING/ DETROIT, April 24- China's Didi Chuxing, already disrupting the global ride-hailing market and taking on U.S. rival Uber, has its sights set on an even bigger potential prize: designing and getting built its own dedicated fleet of Didi cars. The firm has put together teams of automotive designers and engineers, and is now looking to work with established...

  • *OPEC- led supply cuts, strong demand lift prices. LONDON, April 24- Oil rose on Tuesday above $75 a barrel to its highest since November 2014, supported by OPEC- led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. "Prices are being driven up by tight supply due to high production outages in Venezuela plus the cuts implemented by OPEC and...

  • AMAZON LAUNCHES IN-CAR DELIVERY SERVICE.

  • AMAZON LAUNCHES IN-CAR DELIVERY SERVICE.

  • April 24- Coca-Cola Co reported quarterly revenue that beat Wall Street estimates on Tuesday on higher demand for Coke Zero Sugar and new flavors of Diet Coke. The Fanta and Sprite maker's net profit rose to $1.37 billion, or 32 cents per share, in the first quarter ended March 30 from $1.18 billion, or 27 cents per share, a year earlier. Revenue fell 16 percent to $7.63...

  • PARIS— French train maintenance worker Jonathan Seigneur says President Emmanuel Macron has it all wrong. Seigneur spoke to The Associated Press about why he's on strike, along with thousands of other workers at national railway SNCF, to protest Macron's changes to the rail sector. Air France workers are also striking Tuesday, in a season of worker discontent...

  • The maker of Pratt& Whitney aircraft engines and Carrier air conditioners, however, posted a drop in net income attributable to shareholders to $1.30 billion in the first quarter ended March 31 from $1.39 billion. The year-earlier period included a one-time gain of 25 cents per share. Net sales rose to $15.24 billion from $13.82 billion.

  • *Germany's baseload contract for Wednesday at 28.75 euros a megawatt hour, 16 percent down. *German power demand to ease by 200 megawatts in Germany and by the same level in France day-on-day to respectively 61.2 gigawatts and 47.1 GW, according to Thomson Reuters data. *Along the forward curve, Germany's Cal'19 key contract 0.4 percent off at 37.7 euros, one euro...

  • MILWAUKEE— Harley-Davidson Inc. on Tuesday reported first-quarter earnings of $174.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. Eight analysts surveyed by Zacks expected $1.26 billion.