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CNBC Utilities Page Wires

  • KANSAS CITY, Mo.— Four years after Democratic Sen. Claire McCaskill co-sponsored legislation targeting tax havens such as the Cayman Islands, her husband began investing in a hedge fund registered in the Caribbean nation— an investment that has paid off handsomely. The Kansas City Star reported Wednesday that Joseph Shepard has invested $1 million in Matrix...

  • Volvo is showing off its first car to be made-in-America, even as the economic climate changes radically under President Donald Trump. Volvo Cars officially opened its South Carolina plant Wednesday with a glitzy ceremony that revealed the Swedish automaker's redesigned S60 hybrid-powered sedan, which will roll off the assembly line this fall.

  • NEW YORK— The Latest on battle for Twenty-First Century Fox:. The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. AT&T just bought Time Warner for $81 billion, after a federal judge rejected the government's antitrust concerns.

  • FORT WORTH, Texas— American Airlines plans to cut an undisclosed number of management jobs that top executives say are no longer needed more than four years after merging with US Airways. CEO Doug Parker and President Robert Isom told management and support employees Tuesday that the company needs to be more productive for its long-term success.

  • NEW YORK— Kate Spade New York has announced plans to donate $1 million to support suicide prevention and mental health awareness causes in tribute to the company's late founder. To start, the company said Wednesday the Kate Spade New York Foundation is giving $250,000 to the Crisis Text Line, a free, 24- hour confidential text message service for people in crisis.

  • WASHINGTON— Lawmakers from both parties are criticizing tariffs the Trump administration has imposed on imported steel and aluminum products in the name of national security. Orrin Hatch, the chairman of the Senate Finance Committee, says the tariffs are damaging the economy, hurting American consumers and disrupting relationships with long-time allies...

  • SINTRA, Portugal, June 20- It is too early to assess the monetary policy impact of an escalation in trade tariffs between the United States and its partners but there is no reason for optimism, the head of the European Central Bank said on Wednesday.

  • BERLIN, June 20- Germany and France have agreed a joint proposal for corporate tax harmonization among EU member states to fight tax avoidance and level the playing field for companies doing business in the bloc, the German Finance Ministry said on Wednesday. Finance Minister Olaf Scholz and French counterpart Bruno Le Maire nailed down a deal that is meant to...

  • BERLIN, June 20- Germany and France have agreed a joint proposal for corporate tax harmonisation among EU member states to fight tax avoidance and level the playing field for companies doing business in the bloc, the German Finance Ministry said on Wednesday. Finance Minister Olaf Scholz and French counterpart Bruno Le Maire nailed down a deal that is meant to...

  • ABUJA, June 20- Nigeria's president signed a record 9.12 trillion-naira budget for 2018 into law on Wednesday but said he would use a supplementary spending plan to seek changes, creating uncertainty about the final details of his growth strategy. Nigeria's parliament, the National Assembly, passed the budget last month. Buhari was critical of changes made by...

  • CONCORD, N.H.— The case over a traveling medical technician who infected dozens of patients with hepatitis C in multiple states is close to ending. New Hampshire's Exeter Hospital has settled with a staffing agency but is still suing a registry organization over technician David Kwiatkowski who was arrested in 2012.. Despite several firings over drug...

  • Ihssane Mounir, senior vice-president for commercial sales and marketing at Boeing, also said his company was holding advanced talks with Brazil's planemaker Embraer to set up a new company focused on commercial aviation.

  • *Existing home sales drop 0.4 percent in May. WASHINGTON, June 20- U.S. home sales unexpectedly fell in May as an acute shortage of properties on the market pushed house prices to a record high. The National Association of Realtors said on Wednesday that existing home sales slipped 0.4 percent to a seasonally adjusted annual rate of 5.43 million units last month.

  • June 20- Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase& Co on Wednesday named Atul Gawande, a prominent medical professor who has criticized his industry's practices, to lead their joint healthcare company. Gawande, who is also a bestselling author, practices general and endocrine surgery at Brigham and Women's Hospital and is a professor at the...

  • Ihssane Mounir, senior vice-president for commercial sales and marketing at Boeing, also said his company was holding advanced talks with Brazil's planemaker Embraer to set up a new company focused on commercial aviation.

  • CORRECTED-TRUMP TO MEET SENATE, HOUSE LAWMAKERS ON WEDNESDAY TO DISCUSS ZTE AND "PROBLEMATIC" SENATE AMENDMENT TO DEFENSE BILL- WHITE HOUSE.

  • President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp, a White House spokeswoman said. The Trump administration moved to lift a ban on the company doing business with U.S. suppliers,...

  • HEATING OIL FUTURES TURN LOWER AFTER EIA DATA SHOW SURPRISE BUILD IN DISTILLATE INVENTORIES.

  • Ross told a Senate Finance Committee hearing that the price of steel in the U.S. market has risen far more than justified by the 25 percent tariff, possibly because of "speculative activity" with some market intermediaries holding back inventories.

  • GASOLINE FUTURES EXTEND LOSSES AFTER EIA DATA SHOW LARGER-THAN EXPECTED BUILD IN U.S.