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CNBC Utilities Page Wires

  • ATLANTIC CITY, N.J.— Eight days before it plans to open, Atlantic City's Ocean Resort Casino will go before state gambling regulators to seek a casino license. The New Jersey Casino Control Commission will begin hearing Ocean Resort's licensing case Wednesday afternoon, and has set aside time on Thursday should more consideration be necessary.

  • LAS VEGAS— The Latest on the ratification of a contract covering unionized workers of MGM Resorts International in Las Vegas:. Housekeepers, bartenders, cooks, bellmen and other unionized workers of casino-resorts operated by MGM Resorts International in Las Vegas have approved a new contract. Thousands of unionized workers at Las Vegas casino-resorts...

  • SEOUL, South Korea— A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea's second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35...

  • BEIJING— One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China's report follows President Donald Trump's order for tariffs on additional Chinese goods in...

  • HONOLULU— Honolulu's mayor has vetoed a bill aimed at setting limits for what ride-hailing services such as Uber and Lyft can charge during peak demand. Mayor Kirk Caldwell said Tuesday he wants to see new technology blend with old. The bill sought to prevent "surge pricing" rates getting higher than the maximum fare set by the city.

  • SHANGHAI, June 20- Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the spectre of a U.S.- China trade war drove down bond yields, and share and commodity prices. Trade tensions between the U.S. and China showed few signs of easing after a White House trade adviser said on Tuesday that China has underestimated the...

  • *Markets eyeing Jun. 22 OPEC meeting. *Saudi Arabia, Russia pushing for modest output increase. De-facto OPEC leader and top crude exporter Saudi Arabia as well as Russia, which is not a member of the cartel but the world's biggest oil producer, are pushing for looser supply controls, which were introduced in 2017 to prop up prices.

  • NEW YORK— Starbucks says it will accelerate its store closings in the U.S. next year as it tries to boost sluggish sales. The Seattle- based company announced Tuesday that it will close 150 underperforming stores in heavily penetrated markets, up from the usual rate of 50 closings a year. CEO Kevin Johnson told investors the company halted its marketing campaign...

  • CARACAS, June 19- Venezuela on Tuesday tapped industrial engineer Calixto Ortega as the country's new central bank chief as it struggles amidst a hyperinflationary collapse of the national economy. Ortega was designated by the country's all-powerful Constituent Assembly, which is 100 percent controlled by allies of the ruling Socialist Party.

  • S&P Dow Jones Indices said on Tuesday that GE, an original member of the Dow when it was formed by Charles Dow in 1896 and a continuous member since 1907, will be replaced in the 30- component stock average by drug store chain Walgreens Boots Alliance Inc prior to the start of trading on June 26. Last month, Chief Executive John Flannery warned that GE may not be able...

  • EXCLUSIVE- INDIA'S PNB FINDS LAPSES BY 54 STAFF IN $2 BLN BANK FRAUD CASE-INTERNAL REPORT.

  • EXCLUSIVE-PNB INTERNAL REPORT CITES VARIOUS MONITORING LAPSES, SAYS THERE "WAS ENOUGH EVIDENCE" TO DETECT FRAUD.

  • EXCLUSIVE-DERELICTION OF RESPONSIBILITIES BY SOME PNB STAFF LED BANK TO FRAUD "CATASTROPHE"- INTERNAL REPORT.

  • EXCLUSIVE-NO PNB OFFICER WHO INSPECTED FRAUD-HIT MUMBAI BRANCH RAISED ANY MAJOR ALARM DURING 2010-2017- INTERNAL REPORT.

  • MUMBAI/ NEW DELHI, June 20- A $2 billion fraud at India's Punjab National Bank may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank's own internal probe has found. PNB, India's second-biggest state-controlled lender, has previously alleged that a...

  • MUMBAI, India- The Reserve Bank of India will release the Monetary Policy Committee minutes for June policy- 1130 GMT. BANGKOK- Bank of Thailand monetary policy committee meeting. **BUDAPEST- The National Bank of Hungary will present its quarterly inflation report, with updated forecasts on key macroeconomic indicators- 0800 GMT.

  • Federal Reserve Today in Washington. 20- Jun Germany Auction of 30- year Federal bonds 20- Jun Portugal Auction of Treasury bills 21- Jun France Index-linked Securities auction 21- Jun Japan Auction of 5- year government bonds 21- Jun Spain Bond auction 22- Jun Japan 3- month discount bill auction 26- Jun Japan Auction of 20- year government bonds 26- Jun...

  • SINTRA, Portugal- Federal Reserve Chairman Jerome Powell participates in "Monetary Policy at a Time of Uncertainty and Tight Labor Markets" panel before the 2018 ECB Forum on Central Banking- 1330 GMT. SINTRA, Portugal- Participation by the ECB President Mario Draghi in Policy Panel at ECB Forum on Central Banking in Sintra, Portugal 1330 GMT.

  • SINTRA, Portugal- Federal Reserve Chairman Jerome Powell participates in "Monetary Policy at a Time of Uncertainty and Tight Labor Markets" panel before the 2018 ECB Forum on Central Banking- 1330 GMT. SINTRA, Portugal- Participation by the ECB President Mario Draghi in Policy Panel at ECB Forum on Central Banking in Sintra, Portugal 1330 GMT.

  • SAN FRANCISCO, June 19- A sophisticated hacking campaign launched from computers in China burrowed deeply into satellite operators, defense contractors and telecommunications companies in the United States and southeast Asia, security researchers at Symantec Corp said on Tuesday. "Disruption to satellites could leave civilian as well as military...