CNBC Utilities Page Wires

  • NEW YORK, Feb 21- U.S. Calling the lawsuit "implausible," the Trump family said in a filing in federal court in Manhattan that the four plaintiffs failed to prove there was fraud or intent to cause harm, or that any statements by Donald Trump caused losses. The lawsuit said the Trumps deliberately conned victims into believing Donald Trump stood behind the...

  • WASHINGTON, Feb 21- The U.S. Federal Reserve said on Thursday it was barring former JPMorgan Chase& Co Managing Director Timothy Fletcher from the industry for life over his role in a China hiring program for which the bank was fined $264 million in 2016.. In 2016 the bank agreed to pay a total of $264 million to the U.S. Securities and Exchange Commission, the Justice...

  • The company also said it had received a subpoena from the U.S. Securities and Exchange Commission in October, related to an investigation into the company's accounting policies, procedures and internal controls related to its procurement function. On an adjusted basis, the company earned 84 cents per share, missing Wall Street estimates of 94 cents, according...

  • DETROIT, Feb 21- Ford Motor Co said on Thursday it has hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data provided to regulators or consumers. The issues involving Ford's testing processes do not involve the use of so-called defeat devices-...

  • Feb 21- Packaged food maker Kraft Heinz Co reported a 6.7 percent fall in quarterly adjusted earnings on Thursday, hit by rising commodity and freight costs. Adjusted earnings per share fell to 84 cents per share in the fourth quarter ended Dec. 29 from 90 cents per share a year earlier. Net sales rose to $6.89 billion from $6.84 billion, missing analysts' estimates...

  • Feb 21- Most Latin American currencies softened on Thursday against a resurgent dollar, with Brazil's real leading the losses as caution about the progress of the government's pension reform proposal weighed, while commodity-linked currencies such as the pesos of Chile and Colombia slipped. Alessandro Faganello, a currency trader with Advanced Corretora...

  • DETROIT, Feb 21- Ford Motor Co said on Thursday it had hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data given to regulators or consumers. The investigation and concerns involving Ford's testing processes do not involve the use of...

  • MELBOURNE, Feb 22- Australia's treasurer on Friday played down concerns about a ban on Australian coal imports into China's northern port of Dalian, saying China was not targeting Australia over other diplomatic issues. Treasurer Josh Frydenberg was responding to questions about a Reuters report that customs at China's northern port of Dalian had banned...

  • DETROIT, Feb 21- Ford Motor Co said on Thursday it had hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data given to regulators or consumers. The investigation and concerns involving Ford's testing processes do not involve the use of...

  • Feb 21- Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company and its underwriters, led by Goldman Sachs Group Inc and JPMorgan Chase& Co are planning for a late-June listing and...

  • FORD MOTOR IS INVESTIGATING POSSIBLE DISCREPANCIES IN FUEL ECONOMY, EMISSIONS TESTS- COMPANY.

  • FORD EXECUTIVE: NO DETERMINATION YET OF ERRORS IN FUEL ECONOMY LABELS, EMISSIONS CERTIFICATION.

  • FORD EXECUTIVE: EMISSIONS CERTIFICATION PROBLEMS RAISED LAST SEPTEMBER, EPA, CALIFORNIA NOTIFIED THIS WEEK.

  • FORD EXECUTIVE: ISSUES DO NOT INVOLVE SO-CALLED' DEFEAT DEVICES' DESIGNED TO FOOL EMISSIONS TESTS.

  • DETROIT, Feb 21- Ford Motor Co said on Thursday it had hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data given to regulators or consumers.

  • FORD EXECUTIVE: SIDLEY, AUSTIN LAW FIRM LEADING INDEPENDENT INVESTIGATION OF IN-HOUSE EMISSIONS TESTING.

  • TORONTO, Feb 21- The Canadian dollar weakened against the greenback on Thursday, as lower oil prices offset stronger-than-expected domestic data and Bank of Canada Governor Stephen Poloz continued to signal a more gradual pace of future interest rate hikes. At 4:04 p.m., the Canadian dollar was. The Bank of Canada has raised interest rates by 125 basis points...

  • SAO PAULO/ BRASILIA, Feb 21- Brazilian laboratories involved in a food safety scandal at meatpacker BRF SA have lost their accreditations from a government agency, an official at the Agriculture Ministry told Reuters on Thursday. Agriculture Defense Secretary José Guilherme Leal said that three laboratories owned by Mérieux Nutrisciencies Corp in...

  • Feb 21- Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company and its underwriters, led by Goldman Sachs Group Inc and JPMorgan Chase& Co are planning for a late-June listing and...

  • *U.S., China sketch outlines of deal to end trade war. NEW YORK, Feb 21- Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum. "We've had a tremendous run in the market, and we had weak data that allowed investors to take some profits," said Paul Nolte, portfolio manager at...