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CNBC Utilities Page Wires

  • LONDON, April 20- Reckitt Benckiser lagged other consumer good makers in the first quarter as further falls in Scholl footcare and lower prices hit the British company's sales growth. Rakesh Kapoor, who runs the maker of Durex condoms, Lysol disinfectant and Mucinex cold medicine, said on Friday that pricing power could soon return as commodity costs edge up, but...

  • LONG ISLAND CITY, N.Y. _ Steven Madden Ltd. on Friday reported first-quarter earnings of $28.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Five analysts surveyed by Zacks expected $380.3 million.

  • Earnings from continuing operations attributable to GE shareholders rose to $369 million in the first quarter ended March 31, from $122 million a year earlier. Earnings per share from continuing operations rose to 4 cents from 1 cent, and revenue rose 6.6 percent to $28.7 billion, the company said. "It's an apples-to-apples, 5- cent beat," said Scott Davis, analyst...

  • LONDON, April 20- Europe's largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels. HSBC said it would make an exception for coal-fired power plants in Bangladesh, Indonesia and Vietnam. Aside from the coal exemptions environmental...

  • *BoE's Carney dampens May rate hike expectations in UK. LONDON, April 20- German government bond yields were set for their biggest weekly rise since the beginning of February after a surge in oil prices forced inflation expectations and euro zone bond yields higher. The yield on Germany's 10- year government bond, the benchmark for the region, hit a near five-week...

  • 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...

  • BERN, April 20- Switzerland's top law enforcer took on 237 new criminal investigations last year, 25 percent more than in 2016, as one of the world's most secretive financial centres steps up efforts to tackle international crime. While he said his 234- person staff is "nearing its limits" with the present caseload, Lauber encouraged other countries to reach out...

  • HOUSTON _ Waste Management Inc. on Friday reported first-quarter net income of $396 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Three analysts surveyed by Zacks expected $3.55 billion.

  • *China market weak; sees momentum in North America. STOCKHOLM, April 20- Ericsson stirred recovery hopes on Friday by beating quarterly profit expectations, lifting the mobile equipment maker's battered shares as cost-savings started to kick in. Ericsson, which competes with Huawei, Nokia and ZTE, said it expected the Chinese market to decline further due to...

  • MOULTRIE, Ga. _ Ameris Bancorp on Friday reported first-quarter profit of $26.7 million. The Moultrie, Georgia- based bank said it had earnings of 70 cents per share. Ameris Bancorp shares have climbed slightly more than 9 percent since the beginning of the year.

  • THE HAGUE, Netherlands _ Schlumberger NV on Friday reported first-quarter net income of $525 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share. Nine analysts surveyed by Zacks expected $7.85 billion.

  • President Donald Trump on Friday criticized OPEC for rising oil prices that he said were being artificially raised and would not be accepted, as oil prices appeared set for a second consecutive week of gains. "Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High!

  • CHICAGO _ TransUnion on Friday reported first-quarter net income of $73.1 million. For the current quarter ending in July, TransUnion expects its per-share earnings to range from 59 cents to 60 cents. TransUnion expects full-year earnings in the range of $2.37 to $2.41 per share, with revenue ranging from $2.17 billion to $2.19 billion.

  • JEDDAH, Saudi Arabia, April 20-. *Saudi Energy Minister Khalid al-Falih says OPEC and non- OPEC producers will continue to look at oil inventories but also needs to look at oil investment. *Saudi's Falih says long-term cooperation between OPEC and non- OPEC oil producers does not mean extending existing cuts.

  • Earnings from continuing operations attributable to GE shareholders rose to $369 million in the first quarter ended March 31, from $122 million a year earlier. Earnings per share from continuing operations rose to 4 cents from 1 cent, and revenue rose 6.6 percent to $28.7 billion, the company said. On an adjusted basis, GE earned 16 cents per share, up from a...

  • April 20- Custody bank State Street Corp reported a 36 percent rise in first-quarter profit on Friday, helped by strong asset servicing and management fees. Net income available to common shareholders rose to $605 million, or $1.62 per share, from $446 million, or $1.15 cents per share, a year ago. Total revenue rose 13.2 percent to $3.02 billion.

  • *China sells corn from state reserves. The most-active wheat contract on the Chicago Board of Trade was down 1.8 percent at $4.81-3/ 4 a bushel at 1029 GMT. Thomson Reuters Weather Research said in a report issued on Thursday, however, that the latest guidance from forecasting models showed lower rainfall totals across western Kansas and Texas.

  • ASUNCION, April 20- Paraguay soybeans are flowing to the world's top buyer China even though the two countries have no diplomatic relations and no plans to establish them, according to Industry Minister Gustavo Leite. Paraguay's full diplomatic relations with Taiwan precludes having the same relationship with China, the world's top soybean importer.

  • *Sales surge for homes priced above $750,000. *Low inventory of homes below $750,000 lead to sales drop. Sales below $750,000 are down in the past two years due to a scarcity of homes priced around $500,000 and below and the lower ends larger market size has pulled down overall sales, the data show.

  • SAN FRANCISCO, April 20- Two months after the death of 17 people at a school shooting in Florida sparked the strongest push for gun control in years, gun makers' stocks and firearm sales have surged. Uproar over the murders continued to stoke debate about regulation ahead of November's elections, with students across the United States planning a walk-out on...