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CNBC Utilities Page Wires

  • WASHINGTON, July 16- U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter. The Commerce Department said on Monday retail sales increased 0.5 percent last month. May's rise in retail sales was the largest since September 2017.

  • FARNBOROUGH, England July 16- European planemaker Airbus said on Monday leasing company Macquarie Finance had ordered 20 of its single-aisle A320neo jets in a deal worth about $2.2 billion at list prices.

  • NEW YORK, July 16- A reliable bond market indicator may be waving the flag that a U.S. recession is coming, market watchers said, and it is not the flattening yield curve. Credit spreads are the other element that's a pretty big tell, "said Gene Tannuzzo, senior portfolio manager at Columbia Threadneedle Investments in Minneapolis. With investors watching for signs...

  • OSLO, July 16- A strike by Norwegian offshore oil and gas workers accelerated on Monday when hundreds more walked out in a dispute over pay and pensions after employers failed to respond to union demands for a new offer. The strike, which began last Tuesday, has had a limited impact on Norway's oil production so far, but some drillers warned of possible contract...

  • The bank, like its other Wall Street peers, is getting a boost from recent moves by regulators and politicians to lower tax rates and raise interest rates. But concerns around an escalating trade war between the United States and China have cast some doubt on future loan growth. We grew consumer and commercial loans; we grew deposits, "Chief Executive Officer Brian...

  • SAO PAULO, July 16- Embraer SA has signed a firm order with United Airlines for twenty-five 70- seat E175 jets, the Brazilian planemaker said on Monday, providing a boost to the company shortly after JetBlue Airways Corp opted to replace its fleet of Embraer jets with ones made by Airbus SE. Under the contract, worth $1.1 billion at current market value, Embraer is...

  • NEW YORK, July 16- BlackRock Inc Chief Executive Larry Fink on Monday said the world's largest asset manager has assembled a working group that is looking at blockchain technology and cryptocurrencies, such as bitcoin, but cautioned he does not see massive investor demand. "We are a big student of blockchain," Fink said in an interview with Reuters.

  • FRANKFURT, July 16- Linde is raising $3.3 billion from selling North and South American assets to a consortium of German gases firm Messer and buyout group CVC as it seeks clearance for a planned $87 billion merger with U.S. group Praxair. The German company announced last week it was in advanced talks with Messer and CVC over the sale of a majority of its gases...

  • BENGHAZI, Libya, July 16- Production at Libyan's Arabian Gulf Oil Company stood at between 150,000 and 180,000 barrels per day on Monday as fields resumed production after a standoff at eastern export terminals, a port official said. AGOCO exports from Hariga, one of four terminals where Libya's National Oil Corporation regained control last week after...

  • LONDON, July 16- Oil prices fell sharply on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers. Supply outages in Libya, a labor dispute in Norway and unrest in Iraq all helped push oil prices higher late last week, although prices still fell for a second...

  • BLACKROCK CEO FINK SAYS LACK OF' BREADTH' IN EQUITY MARKETS IS' TROUBLING,' WITH A FEW TECH-RELATED STOCKS ACCOUNTING FOR MOST GAINS- CONFERENCE CALL.

  • MADRID, July 16- Several foreign funds, among them Blackstone Group and Cerberus, are considering making bids for toxic real estate assets held by Spain's Banco Santander, two sources with knowledge of the matter said on Monday. One of the sources said both Cerberus and U.S. funds Apollo and Lone Star were taking a look at the portfolio but have not made any final...

  • NEW YORK, July 16- U.S. Treasury yields held at higher levels on Monday as data on domestic retail sales in June reinforced the view that consumer spending is increasing at a solid clip for robust economic growth in the second quarter. At 8:37 a.m. (1237 GMT0, the yield on benchmark 10- year Treasury notes was at 2.847 percent, up 1.6 basis points from late on Friday. (...

  • BRASILIA, July 16- Economic activity in Brazil in May suffered its largest decline since the index was introduced in 2003 as a nationwide truckers strike nearly paralyzed key sectors of Latin America's largest economy, hampering a recovery from a deep recession. The central bank's economic activity index fell 3.34 percent from the month before, it said on...

  • FARNBOROUGH, July 16- The U.S. State Department is negotiating a potential deal to sell Turkey the Raytheon Co Patriot missile defense system as an alternative to the Russian-made S-400 system Turkey has agreed to purchase, an official said on Monday. She said the U.S. State Department was in talks with Turkey and "trying to give the Turks an understanding of what...

  • July 16- Wheaton Precious Metals Corp, the world's largest silver streaming company, said on Monday it would buy all of the gold assets from Sibanye Gold Limited's Stillwater and East Boulder mines in Wyoming. Vancouver, Canada- based Wheaton said it will make ongoing payments equal to 18 percent of spot gold and palladium prices until it reaches the $500 million...

  • FARNBOROUGH, England, July 16- United Airlines said on Monday it would buy four new Boeing Co 787-9 widebody jetliners, as the third-largest U.S. air carrier looks to refresh its fleet with more efficient planes. The deal, valued at roughly $1.1 billion at current list prices and announced during the Farnborough Airshow in southern England, was previously listed...

  • CHICAGO— Sears has closed its final store in Chicago, ending its retail legacy in the city. Sears Holdings Corp. announced this year that the store in the Portage Park neighborhood on Chicago's northwest side would close. Sears still has hundreds of stores, including several in Chicago's suburbs.

  • FINK SAYS BLACKROCK IS VERY EXCITED ABOUT MEXICAN MARKET, MET RECENTLY WITH PRESIDENT-ELECT LOPEZ OBRADOR.