CNBC Utilities Page Wires

  • BOEING HAS FLOWN TEST FLIGHTS OF ITS 737 MAX TO EVALUATE A FIX FOR THE SYSTEM TARGETED AS A POTENTIAL CAUSE OF TWO DEADLY PLANE CRASHES- AFP.

  • U.S. SENATE REPUBLICANS GET ENOUGH VOTES TO DEFEAT GREEN NEW DEAL RESOLUTION IN MOVE DEMOCRATS CALL A POLITICAL STUNT, VOTING CONTINUES.

  • LONDON, March 26- Britain's main opposition Labour Party has put forward its own plan for a close economic relationship with the European Union as parliament is due to vote on a series of indicative votes to find a way forward on Brexit on Wednesday. Labour's proposals include a comprehensive customs union with the EU and close alignment with the single market.

  • March 26- Missouri farmer Richard Oswald needs a lot of help to recover from flooding that left his home and farm looking like a manmade island in an inland sea. Relief groups are giving tetanus shots and handing out free meals and cleaning supplies near his farm in the Langdon- Rock Port area, about 100 miles northwest of Kansas City. "The typical response on flood...

  • NEW YORK, March 26- U.S. stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15- month lows. The S&P 500 financial index gained 1.1 percent and registered its biggest daily percentage gain since Feb. 15. The market is on yield watch, there's no doubt about it, "said Quincy Krosby, chief market strategist at...

  • *FAA to make big changes by July, official to testify to Senate. At a U.S. Senate panel hearing on Wednesday, the Federal Aviation Administration acting head Dan Elwell will say the agencys oversight approach must "evolve" after the deadly crashes, according to the testimony. The aviation industry has been thrown into flux by a Lion Air crash in Indonesia last...

  • TORONTO, March 26- The Canadian dollar edged higher against its U.S. counterpart on Tuesday as stocks and oil prices rose, with the loonie extending its rebound from a two-week low a day earlier. "It seems to be similar to what we have seen recently where risk has been driving the loonie," said Erik Nelson, a currency strategist at Wells Fargo in New York.

  • JC PENNEY NAMES BILL WAFFORD AS CFO.

  • SAN FRANCISCO/ DUBAI, March 25- Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late on Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it...

  • NEW YORK, March 26- U.S. stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15- month lows.

  • RIO DE JANEIRO, March 26- Brazilian state-run oil company Petrobras has fined Bolivia's state oil company YPFB after it failed to deliver liquefied natural gas volumes secured under a contract through the Bolivia- Brazil pipeline during 2018, a Petrobras executive said on Tuesday. Bolivia's domestic needs had also grown, constricting supply, he said.

  • March 26- OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fueling an opioid abuse epidemic. The settlement unveiled by Oklahoma Attorney General Mike Hunter on Tuesday was the first to result from a...

  • *Egypt's GASC buys 120,000 tonnes U.S. soft red wheat in tender. NEW YORK, March 26- U.S. wheat futures inched lower on Tuesday as investors took profits after prices hit a one-month high on U.S. export optimism and adverse weather in the United States that threatened to delay sowing. Chicago Board of Trade May wheat dropped 1/ 4 cent to close at $4.69-1/ 4 a bushel.

  • SAN FRANCISCO, March 26- A lawyer for a man who said his cancer was caused by Bayer AG's glyphosate-based weed killer Roundup on Tuesday urged U.S. jurors to "send a message" to the company by holding it liable and awarding millions in damages. The case is only the second of more than 11,200 Roundup lawsuits to go to trial in the United States as litigation setbacks and...

  • NEW YORK, March 26- Oil rose nearly 2 percent on Tuesday as attention centered on geopolitical factors tightening supplies that are leading to falling exports from Venezuela and declining U.S. inventories. Despite concerns about weaker demand due to an economic slowdown, oil prices have risen more than 25 percent this year, supported by supply curbs by the...

  • March 26- A U.S. trade judge on Tuesday recommended Qualcomm Inc win a sales ban on some Apple Inc iPhone models containing chips made by Intel Corp in one of two patent disputes before the International Trade Commission. ITC administrative law judge MaryJoan McNamara said the basis for the ban was a finding that Apple infringed on a Qualcomm patent relating to...

  • March 26- ICE cotton futures hit their highest level in 2019 on Tuesday due to unfavorable weather conditions in West Texas, the biggest cotton-growing region in the United States, amid hopes of progress in U.S.- China trade talks. *The front-month cotton contract on ICE Futures U.S., settled up 0.16 cent, or 0.21 percent, at 77.89 cents per lb. after hitting the...

  • MEXICO CITY, March 26- Mexican President Andres Manuel Lopez Obrador said on Tuesday Carlos Slim had told him the billionaire planned to retire during his administration, in a step at odds with the tycoon's usually discreet approach to public life. "He wants to end his business life helping economic growth and public welfare during this government," Lopez...

  • BUENOS AIRES, March 26- Argentina's peso currency weakened 1.34 percent to an all-time low close of 42.65 per dollar on Tuesday, as concerns about high inflation and political uncertainty ahead of the October presidential election dented confidence in the economy. The markets rejoiced in late 2015 when center-right Buenos Aires Mayor Mauricio Macri was...

  • *May raw sugar settled up 0.11 cent, or 0.9 percent, at 12.59 cents per lb, remaining within its recent 12- to- 13- cent range. *Prices were supported by higher oil prices, dealers said, which can encourage cane mills in top grower Brazil to produce ethanol rather than sugar. * "London has been the weaker of the two markets, which may not be a good sign," as it could signal weak...