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CNBC Utilities Page Wires

  • WASHINGTON, June 25- Sales of new U.S. single-family homes increased more than expected in May as transactions in the South surged to near an 11- year high and dampened prices, but the overall housing market remained constrained by a dearth of properties for sale. "The upward trend in the new home sales data contrasts with the signals from many other recent housing...

  • MINNEAPOLIS— Environmental groups filed two more lawsuits Monday challenging the Interior Department's decision to reinstate the federal mineral rights leases for the proposed Twin Metals copper-nickel mine in northeastern Minnesota. One of the lawsuits was filed by three national groups: The Wilderness Society, the Center for Biological Diversity...

  • LONDON/ FRANKFURT, June 25- BMW would have to close its Mini and Rolls-Royce plants in Britain if Brexit seriously disrupts its supply chain, an executive at the German carmaker told the Financial Times. The warning follows concerns voiced last week by the head of Siemens' operations in Britain, who told Reuters that the country should stay in the European Union...

  • *FDA approves GW's drug to treat two severe forms of epilepsy. June 25- GW Pharmaceuticals Plc's epilepsy treatment on Monday secured an approval from the U.S. Food and Drug Administration, becoming the first cannabis-based drug to be approved in the country. Based on the potential for abuse, the Drug Enforcement Administration categorizes chemicals into five...

  • SANTIAGO, June 25- Workers at Codelco's Chuquicamata copper mine in Chile, the state miner's second largest by output, are threatening to walk off the job soon to protest plans to transform the century-old open pit into an underground mine, a union leader said on Monday. Four of the Chuquicamata's six workers' unions voted to go ahead with strikes, alleging the...

  • San Francisco- based Wells Fargo said it will sweeten the rewards for one of its premium cards next month, offering three points per dollar spent on dining, traveling and streaming services like Netflix for no annual fee. Wells Fargo, fourth-biggest U.S. lender by assets, had said in 2015 it wanted to double its credit card business over the next few years.

  • SAN FRANCISCO— At San Francisco's Tawla restaurant, Muna Anaee powdered her hands with flour and gently broke off a piece of golden dough to prepare bread eaten in Iraq, the country she fled with her family. The Refugee Food Festival— a joint initiative of the United Nations Refugee Agency and a French nonprofit, Food Sweet Food— started in Paris in 2016 and came to...

  • A Wall Street Journal report also said the U.S. planned to block additional technology exports to China. Treasury Secretary Steven Mnuchin said the restrictions will not be specific to China but would apply "to all countries that are trying to steal our technology". "Investors are now beginning to worry that this heated rhetoric is something that will last for a...

  • Fujifilm sued Xerox last week for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger agreed in January. In a letter to Fujifilm Chief Executive Officer Shigetaka Komori, Xerox's newly appointed CEO, John Visentin, cited "massive and...

  • PARIS, June 25- France's antitrust watchdog is keeping in touch with the country's four telecoms operators as speculation about potential mergers in the sector has resurfaced. The need for major investment in networks and a price war is putting pressure on France's four main operators Orange, Bouygues Telecom, Altice Europe and Iliad. Isabelle de Silva, the...

  • NEW YORK— Flush with savings from lower tax bills and profits from a growing economy, big U.S. companies are spending a record amount buying back their own stock. Stock repurchases hit $189.1 billion in the first quarter for the S&P 500, according to preliminary results from S&P Dow Jones Indices. Apple, Cisco Systems and other technology giants helped lead the...

  • NEW YORK— In a story June 23 about the Supreme Court sales tax decision, The Associated Press reported erroneously that online retailer Adrienne Kosewicz pays $3,300 a year for tax compliance software for sales in her home state, Washington. While this past week's Supreme Court sales tax ruling will create more obligations and expenses for many small online...

  • *OPEC to raise output to make up for unforeseen disruptions. NEW YORK, June 25- Oil fell on Monday as investors prepared for an extra 1 million barrels per day of oil to hit the markets after OPEC agreed to raise production and as U.S. equity markets slipped on trade war fears. "The expectation that we'll see more crude out of OPEC and that supplies in the U.S. will be tight...

  • June 25- An epilepsy treatment from GW Pharmaceuticals Plc on Monday secured an approval from the U.S. Food and Drug Administration, becoming the first cannabis-based drug to be approved in the country. "This approval serves as a reminder that advancing sound development programs that properly evaluate active ingredients contained in marijuana can lead to...

  • British drugmaker GW Pharmaceuticals studied the drug in more than 500 children and adults with hard-to-treat seizures, overcoming numerous legal hurdles that have long stymied research into cannabis. FDA officials said the drug reduced seizures when combined with older epilepsy drugs. The FDA has previously approved synthetic versions of another...

  • OLD SAYBROOK, Conn.— A Connecticut restaurant called the Red Hen has received "threatening" messages from people confused with an identically named Virginia eatery that refused White House press secretary Sarah Huckabee Sanders service. Owner Shelley Deproto tells The Day the Old Saybrook restaurant has received dozens of angry phone messages and negative...

  • PARIS, June 25- French water and waste group Veolia has opened what it says is Europe's first recycling plant for solar panels and aims to build more as thousands of tonnes of ageing solar panels are set to reach the end of their life in coming years. The new plant in Rousset, southern France, has a contract with solar industry recycling organisation PV Cycle France...

  • EPS forecast to $4.15- $4.25 from $4.20- $4.40. "The industry has a lot of tailwind, so some of these issues are unique to Carnival because they have a large fleet and are in so many places," Tigress Financial Partners analyst Ivan Feinseth said. The company said it now expects adjusted earnings of $4.15 to $4.25 per share in 2018, compared with $4.20 to $4.40 estimated...

  • Wisconsin's top Republican leaders are not criticizing President Donald Trump's trade policy or Harley-Davidson's decision to shift the production of motorcycles headed for Europe from the U.S. to factories overseas. The Milwaukee- based company said Monday it's making the move because of a spike in European Union tariffs on its motorcycles exported...

  • The Organization of the Petroleum Exporting Countries and non- OPEC countries reached an agreement on Saturday to moderately boost production after consuming countries including the United States had urged them to produce more. On Friday they had risen $2.50 to $75.55 a barrel after OPEC only countries came to their own deal to boost output.