CNBC Utilities Page Wires

  • *Nigeria is Africa's biggest economy, top oil producer. ABUJA/ MAIDUGURI, Nigeria, Feb 23- Nigeria began counting votes in Saturday's closely-fought presidential election although the electoral commission extended voting in some places where polling stations opened late or ballot machines malfunctioned. "The Independent National Electoral Commission is...

  • Feb 23- Warren Buffett on Saturday appeared to fault U.S. Accompanying the letter was more bad news, that sinking stock prices and a big writedown for the company's Kraft Heinz Co investment fueled a $25.39 billion fourth-quarter net loss, and caused Berkshire to post its lowest annual profit since 2001.. Buffett, who supported Democrat Hillary Clinton in her...

  • ABUJA, Feb 23- Islamic State on Saturday said it carried out a morning attack on the northeast Nigerian city of Maiduguri as the country holds elections, although the army has denied an attack took place and says sounds of fighting were drills. In a statement on its news agency Amaq, the militant group's West Africa Province said the attack targeted Maiduguri...

  • PARIS, Feb 23- The European Union is no closer to a trade deal with Mercosur because members of the South American bloc have changed their position on previously agreed issues, but expects to settle a U.S. claim for a bigger share of a beef import quota within weeks, the EU's agriculture chief said. "We're not closer because there has been some backtracking on the part...

  • Feb 23- Warren Buffett on Saturday appeared to fault U.S. Berkshire said plunging stock prices and a big writedown for its investment in Kraft Heinz Co led to a $25.39 billion fourth-quarter loss. Buffett, who supported Hillary Clinton in her 2016 White House run, said no one person should do that.

  • Feb 23- Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a large quarterly net loss even though operating profit rose. The fourth-quarter net loss was $25.39 billion, or $15,467 per Class A share, reflecting more than $27.6 billion of...

  • BERKSIHRE ATTRIBUTES MOST OF QUARTERLY LOSS TO DECLINE IN VALUE OF EQUITY INVESTMENTS.

  • BERKSHIRE BOOK VALUE PER CLASS A SHARE $212,503 AS OF YEAR END 2018.

  • BERKSHIRE Q4 OPERATING PROFIT $5.72 BLN.

  • PARIS, Feb 23- European Union agriculture is being threatened by internal divisions and rival trading blocs, French President Emmanuel Macron said on Saturday, calling for a large budget to defend EU goals on food quality and environmental protection. France is the EU's biggest agricultural producer and the main beneficiary of the bloc's Common...

  • VENEZUELAN TROOPS FIRE TEAR GAS TO DISPERSE PEOPLE SEEKING TO CROSS BORDER WITH COLOMBIA: REUTERS WITNESS.

  • *Nigeria is Africa's biggest economy, top oil producer. ABUJA/ MAIDUGURI, Feb 23- President Muhammadu Buhari and his main challenger, businessman Atiku Abubakar, cast their ballots in Nigeria's presidential election on Saturday as voting began after a week's delay in Africa's biggest economic power. Buhari, a former military ruler who was later elected...

  • MUMBAI, Feb 23- India's Jet Airways Ltd said late on Friday that its shareholders approved a plan to convert existing debt to equity, paving the way for the troubled company's lenders to infuse funds and nominate directors to its board. Currently, Chairman Naresh Goyal owns a 51 percent stake in the company and Abu Dhabi's Etihad Airways owns 24 percent.

  • **DALLAS- Federal Reserve Vice Chairman Richard Clarida to participate in "Fed Listens: A Conversation with Community Leaders in Southern Dallas," followed by a brief moderated discussion with Dallas Fed President Robert S. Kaplan- 1600 GMT. **DALLAS- Federal Reserve Vice Chairman Richard Clarida to participate in a moderated discussion with Dallas Fed President...

  • NEW YORK, Feb 22- New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a media report that Facebook Inc may be accessing far more personal information than previously known from smartphone users, including health and other sensitive data. The directive to New York's Department of State and Department of Financial Services came...

  • CAPE CANAVERAL, Fla., Feb 22- NASA gave its final go-ahead on Friday to billionaire entrepreneur Elon Musk's SpaceX company to conduct its first unmanned test flight of a newly designed crew capsule to the International Space Station on March 2. NASA has awarded SpaceX $2.6 billion, and aerospace rival Boeing Co $4.2 billion to build separate rocket and capsule...

  • HOUSTON, Feb 22- U.S. refiner Citgo Petroleum Corp on Friday said it accepted a new board of independent directors and launched a search for a chief executive, in a split with its Venezuelan state-run parent PDVSA. The move by the eighth largest U.S. refiner is another step in efforts to chart a course for the company and to force Venezuela's Socialist President...

  • SAN FRANCISCO, Feb 22- Several Microsoft Corp employees on Friday demanded that the company cancel a $480 million hardware contract with the U.S. Army and stop developing "any and all weapons technologies." Microsoft won a contract in November to supply the Army with at least 2,500 prototypes of augmented reality headsets, which digitally displays contextual...

  • RIO DE JANEIRO, Feb 22- A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document. The court issued an injunction suspending an Embraer shareholders meeting scheduled for Feb. 26 that would vote on whether to approve the terms already agreed upon by the two companies.

  • WASHINGTON, Feb 22- In trade talks between the United States and China, Memorandums of Understanding- the building blocks of what would be a historic deal- are officially out. President Donald Trump, in an extraordinary dispute with U.S. Lighthizer, who was sitting with other members of Trump's negotiating team including Treasury Secretary Steven Mnuchin,...