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CNBC Utilities Page Wires

  • COMCAST SAYS DOES NOT INTEND TO PURSUE FURTHER ACQUISITION OF TWENTY-FIRST CENTURY FOX ASSETS.

  • July 19- Mersana Therapeutics said on Thursday an early stage trial testing its lead cancer drug has been put on partial hold by the U.S. Food and Drug Administration after a patient's death was possibly linked to the treatment. No new patients will be enrolled in the study, but the current participants will continue to receive the drug, XMT-1522, Mersana said.

  • OSLO, July 19- A U.S.- China trade dispute sent Norway's REC Silicon, a supplier to the solar industry, plunging to a quarterly loss on Thursday, but the company's shares rose after it indicated it would not need to issue new equity this year. REC Silicon's shares initially slumped by 16 percent after the Oslo- listed firm reported a pre-tax loss of $374 million in the...

  • July 19- Allergan Plc and Molecular Partners AG said on Thursday their treatment for age-related macular degeneration met the main goal in two late-stage studies. The drug, abicipar, demonstrated that both the 8- week and 12- week treatment regimens met the goal of non-inferiority to Roche Holding AG's Lucentis. The two companies, however, noted that incidence...

  • BEIJING, July 19- The Chinese bulk manufacturer of the common blood and heart drug valsartan said it was recalling the product from consumers in the United States and would halt supplies to the country, after an impurity linked to cancer had been detected. "The company has decided to recall its valsartan products from U.S. customers after communicating with the...

  • CONWAY, Ark. _ Home BancShares Inc. on Thursday reported second-quarter net income of $76 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share. Three analysts surveyed by Zacks expected $167.5 million.

  • INDIANA, Pa. _ S&T Bancorp Inc. on Thursday reported second-quarter net income of $21.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Three analysts surveyed by Zacks expected $70.1 million.

  • *Airline orders 34 A330neos, adds to earlier 66. KUALA LUMPUR/ FARNBOROUGH, England July 19- M alaysia's AirAsia said on Thursday it would expand an order for A330neo passenger jets, adding 34 aircraft to an existing order to bring the total to 100 long-haul wide-body jets worth $30 billion at list prices. "We got close with Boeing," AirAsia CEO Tony Fernandes told...

  • LONDON, July 19- Sterling fell below $1.30 for the first time in 10 months on Thursday as the combination of weak economic data and a resurgent dollar sapped appetite for the British currency. Weak retail sales data for June painted a picture of a struggling economy against the backdrop of stagnating wage growth, weak inflation figures and uncertainty over how...

  • WATERBURY, Conn. _ Webster Financial Corp. on Thursday reported second-quarter earnings of $81.7 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. Seven analysts surveyed by Zacks expected $292.1 million.

  • PASADENA, Calif. _ East West Bancorp Inc. on Thursday reported second-quarter profit of $172.3 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Six analysts surveyed by Zacks expected $383.2 million.

  • *Continues to assess portfolio- CEO. ZURICH, July 19- ABB will consider reshaping its business further including selling some parts, Chief Executive Ulrich Spiesshofer said on Thursday, after the Swiss engineering company beat quarterly earnings forecasts. Spiesshofer, who has been under pressure following ABB's sluggish growth in recent quarters, said the...

  • *China yuan hits 1- year low on stimulus, tariff issues. *Metals badly dented by China worries. LONDON, July 19- The dollar stayed strong but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive its currency to a one-year low.

  • OMAHA, Neb. _ Union Pacific Corp. on Thursday reported second-quarter earnings of $1.51 billion. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share. Seven analysts surveyed by Zacks expected $5.6 billion.

  • CAMBRIDGE, Mass. _ Cambridge Bancorp on Thursday reported second-quarter profit of $6.1 million. The bank, based in Cambridge, Massachusetts, said it had earnings of $1.48 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON, July 18- Zinc chalked up its largest daily gain in a year on Wednesday, recovering from this week's one-year low on bargain hunting and falling inventories, while copper and lead hit one year lows as the dollar rose and trade tensions simmered. Shanghai Futures Exchange zinc stocks dropped to 58,016 tonnes last week, their lowest since February 2008, while...

  • July 19- Railroad company Union Pacific Corp reported a 29.2 percent rise in quarterly profit on Thursday, driven by a rise in freight and fuel surcharge revenue. Net income rose to $1.51 billion, or $1.98 per share, in the second quarter ended June 30, from $1.17 billion, or $1.45 per share, a year earlier. Revenue rose 8 percent to $5.67 billion.

  • NEW YORK _ Blackstone Group L.P. on Thursday reported second-quarter profit of $742 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Three analysts surveyed by Zacks expected $1.73 billion.

  • GENEVA, July 19- World Trade Organization arbitrators will evaluate a U.S. request to impose billions of dollars worth of sanctions on European products after a final WTO ruling that found the European Union had given illegal subsidies to Airbus. It comes as EU Trade Commissioner Cecilia Malmstrom said in Brussels that she hoped an EU mission to Washington...