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CNBC Utilities Page Wires

  • WASHINGTON, April 20- Canada and Mexico on Friday said good progress had been made in talks with the United States to modernize the North American Free Trade Agreement and that ministers would meet again on Tuesday as they push to wrap up a deal. Trade Representative Robert Lighthizer in Washington to revamp the 24- year-old accord. Canada and Mexico have...

  • SAN FRANCISCO, April 20- U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel. "Investor sentiment with tech stocks is in a long, slow retreat," said Jake Dollarhide, chief executive officer of Longbow...

  • NEW YORK, April 20- The 10- year Treasury yield reached its highest level since March 21 as the bond selloff continued for a second day on Friday, driving the yield curve steeper after two weeks of flattening. "If you look at the chart, you have to squint to see it," Gene Tannuzzo, senior portfolio manager at Columbia Threadneedle Investments, said of the two-day...

  • *Oil prices turn negative after Trump criticizes OPEC. NEW YORK April 20- U.S. stocks fell on Friday, as Apple led a decline in technology stocks amid fears about weak iPhone demand and investors worried about the impact of a rise in U.S. bond yields on equities. There's also been a little bit of a lack of momentum in this earnings period, "said Rick Meckler, president of...

  • MOSCOW, April 20- Russian companies hit by U.S. sanctions, including aluminium giant Rusal, have asked for 100 billion roubles in liquidity support from the government, Finance Minister Anton Siluanov was quoted by Interfax news agency as saying on Friday. The United States on April 6 imposed sanctions against several Russian entities and individuals,...

  • April 20- Twitter Inc said on Friday that it has banned ads from Moscow- based Kaspersky Lab, saying the cyber-security company's business model conflicts with advertising rules and citing U.S. government claims that Kaspersky has ties to Russian intelligence agencies. Twitter confirmed the ban in an email to Reuters after Kaspersky Lab co-founder Eugene...

  • NEWARK, N.J.— Prosecutors have dismissed all charges against a television crew accused of creating a false public alarm and other counts after one of their devices prompted a fake-bomb alert at one of the New York area's three major airports. Acting Essex County Prosecutor Robert Laurino announced the decision Friday. The creators of the CNBC reality show "...

  • MOSCOW, April 20- Russia is not considering the temporary nationalisation of aluminium giant Rusal for now, Finance Minister Anton Siluanov was quoted as saying by Interfax news agency on Friday. Russian companies, including Rusal, that have been hit by U.S. sanctions have requested 100 billion roubles in liquidity from the government, Interfax added.

  • MOSCOW, April 20- Russia is not considering the temporary nationalization of aluminum giant Rusal for now, Finance Minister Anton Siluanov was quoted as saying by Interfax news agency on Friday. Russian companies, including Rusal, that have been hit by U.S. sanctions have requested 100 billion roubles in liquidity from the government, Interfax added.

  • MONTREAL/ VANCOUVER April 20- Canada's biggest rail union said no progress had been made in negotiations on Friday with Canadian Pacific Railway Ltd to reach a deal before a Saturday deadline as worries about a potential strike weighed on the country's crude oil prices. Chris Monette, spokesman for the union, Teamsters Canada Rail Conference, said "...

  • NEW YORK, April 20- General Electric Co said on Friday it was still considering a potential breakup of the 126- year-old industrial conglomerate, but such a move was secondary to running its businesses better. Boston- based GE is divesting about $20 billion in assets in an effort to reduce costs and boost profits as part of a three-year restructuring plan under...

  • TORONTO/ LONDON, April 20- Cocoa futures on ICE fell on Friday, dropping below the highest levels since 2016 reached earlier this week on pressure from lower North American first-quarter grind data, while raw sugar inched down to a 2-1/ 2- year low on ample global supplies. *July New York cocoa settled down $70, or 2.5 percent, at $2,729 per tonne. *The weak session stood...

  • WASHINGTON, April 20- Canada and Mexico on Friday said good progress had been made in talks with the United States to modernize the North American Free Trade Agreement and that ministers would meet again on Tuesday as they push to wrap up a deal. Trade Representative Robert Lighthizer in Washington to revamp the 24- year-old accord. Canada and Mexico have...

  • April 20- Twitter Inc said on Friday that it has banned ads from Russia's Kaspersky Lab, charging that the company's business model conflicts with the social media platform's advertising rules and citing U.S. claims that the firm has ties to Russian intelligence agencies.

  • CHICAGO/ SAN FRANCISCO, April 20- As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could be around the corner. Williams, who will leave his current job as San Francisco Fed President in June to take over at the...

  • *Oil prices turn negative after Trump criticizes OPEC. April 20- U.S. stocks fell on Friday, as Apple led a decline in technology stocks on concerns about weak iPhone demand and investors worried about the impact of a rise in U.S. bond yields. "There's the Apple news and there maybe some nervousness coming into the upcoming earnings reports," said Daniel Morgan, senior...

  • April 20- Wells Fargo& Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday. The penalty was a record from the U.S. Consumer Financial Protection Bureau and comes more than eighteen months after Wells Fargo...

  • FRANKFURT, April 20- The European Central Bank has asked for clarification from Deutsche Bank about a 28 billion euro mistaken transfer that the German lender made in March, a German newspaper reported on Friday. Deutsche Bank earlier on Friday said it had made the transfer in error to its own account at the derivative exchange Eurex, confirming news first...

  • BOSTON, April 20- Alnylam Pharmaceuticals Inc said on Friday that Dicerna Pharmaceuticals Inc will pay it $25 million in cash and stock to resolve a lawsuit claiming it stole trade secrets about gene-silencing technology used to develop drug treatments. Cambridge, Massachusetts- based Dicerna said it will also pay Alnylam another $13 million over the next...

  • Servicing fees rose 9.6 percent to $1.42 billion, while management fees rose 23.6 percent to $472 million. Assets under custody and administration rose 11.57 percent to a $33.28 trillion, while total fee revenue rose 7.5 percent to $2.36 billion. Net income available to common shareholders rose to $605 million, or $1.62 per share, from $446 million, or $1.15 per...