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CNBC Utilities Page Wires

  • Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days. The Russell 2000 index of smaller company stocks skidded 12.20 points, or 0.7 percent, to 1,625.24.

  • J.C. Penney Co., down 15 cents to $2.35. Adobe Systems Inc., up 69 cents to $238.79. Tata Motors Ltd., up 88 cents to $22.91.

  • Net income rose to $41.3 million, or 38 cents per share, in the first quarter ended April 30, from $11.9 million, or 1 cent per share, a year earlier. Excluding items, the company earned 38 cents. Analysts on average had expected the company to earn 31 cents per share on revenue of $838.1 million.

  • COPPELL, Texas _ The Container Store Group Inc. on Tuesday reported a fiscal fourth-quarter loss of $399,000, after reporting a profit in the same period a year earlier. Container Store expects full-year earnings in the range of 35 cents to 45 cents per share, with revenue in the range of $880 million to $890 million. Container Store shares have risen 73 percent...

  • The company, created in 2015 from the breakup of Hewlett-Packard Co, said it now expects adjusted profit between $1.40 and $1.50 per share for 2018. Revenue from Hybrid IT division, which houses servers, storage and data center networking products, rose 7 percent to $6.02 billion in the quarter ended April 30. Net profit was $778 million, or 50 cents per share, in the...

  • SUNNYVALE, Calif. _ Ooma Inc. on Tuesday reported a loss of $3.7 million in its fiscal first quarter. For the current quarter ending in August, Ooma expects its results to range from a loss of 7 cents per share to a loss of 4 cents per share. Ooma expects full-year results to range from a loss of 23 cents per share to a loss of 13 cents per share, with revenue ranging from...

  • New York, May 22- Global stock markets tipped downward on Tuesday as Wall Street investors locked in recent gains while taking a cautious view of fresh U.S.- China comments even as European shares approached four-month peaks and China moved to further open up its economy. President Donald Trump on Tuesday said he was not pleased with recent trade discussions...

  • GREENWOOD VILLAGE, Colo. _ Red Robin Gourmet Burgers Inc. on Tuesday reported first-quarter earnings of $4.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Four analysts surveyed by Zacks expected $430.6 million.

  • *Zuckerberg to meet France's Macron on Wednesday. BRUSSELS, May 22- Facebook CEO Mark Zuckerberg sailed through a grilling from EU lawmakers about the social network's data policies as lengthy questions left the 34- year-old American little time to answer. Betraying little emotion, Zuckerberg apologised to leaders of the European Parliament in Brussels for...

  • MOUNTAIN VIEW, Calif. _ Intuit Inc. on Tuesday reported fiscal third-quarter net income of $1.2 billion. Six analysts surveyed by Zacks expected $2.84 billion. Analysts surveyed by Zacks had expected revenue of $889.3 million.

  • PHILADELPHIA _ Urban Outfitters Inc. on Tuesday reported fiscal first-quarter profit of $41.3 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Ten analysts surveyed by Zacks expected $837.1 million.

  • May 22- Hewlett Packard Enterprise Co reported a 9.7 percent rise in quarterly revenue on Tuesday, helped by higher demand for servers and networking equipment. Net profit was $778 million, or 50 cents per share, in the second quarter ended April 30, compared with a loss of $612 million, or 37 cents per share, a year earlier. Revenue rose to $7.47 billion from $6.81...

  • May 22- Apparel retailer Urban Outfitters Inc reported quarterly sales that beat analysts' estimates on Tuesday, driven by higher sales on its online platform and at its stores. Net income rose to $41.3 million, or 38 cents per share, in the first quarter ended April 30, from $11.9 million, or 1 cent per share, a year earlier. Net sales rose 12.4 percent to $855.7 million,...

  • A SpaceX rocket has deployed two U.S.-German science satellites into orbit after a launch from Vandenberg Air Force Base, California. A second deployment consisting of five commercial Iridium Communications satellites is expected later Tuesday afternoon. The science payload from NASA and the German Centre for Geosciences includes two identical...

  • NEW YORK, May 22- U.S. stocks ended lower on Tuesday as uncertainty lingered over trade talks between the United States and China and as energy and industrial shares fell.

  • TORONTO, May 22- Canada's main stock index fell on Tuesday, breaking an 11- day winning streak, as shares of energy and materials companies lost ground. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 17.52 points, or 0.11 percent, at 16,144.79. Seven of the index's 10 main industry groups ended lower.

  • New York University says the Italian law professor tagged to be Italy's next premier had no official status at the university— despite an entry on his resume suggesting otherwise. University spokeswoman Michelle Tsai said in a statement released Tuesday that University of Florence law professor Guiseppe Conte had obtained permission to use NYU's law...

  • WASHINGTON, May 22- The U.S. Senate Banking Committee voted on Tuesday to approve a bill that would tighten oversight of foreign investment to slow China's acquisition of sensitive U.S. technology. The two chambers began the process in November with identical bills to expand the clout of the inter-agency Committee on Foreign Investment in the United States, or...

  • The rocket lifted off from Vandenberg Air Force Base at Tuesday and arced over the Pacific Ocean west of Los Angeles as it headed toward the South Pole. The science payload from NASA and the German Centre for Geosciences includes two identical satellites for the Gravity Recovery and Climate Experiment. The commercial payload will increase Iridium...

  • *Loonie touches its strongest since May 11 at C $1.2742. But without clarity on prospects for the North American Free Trade Agreement, which is being renegotiated by Canada, the United States and Mexico, it may be difficult for the currency to exit its recent range of C $1.2730 to C $1.2998. Canada sends about 75 percent of its exports to the United States, so its...