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CNBC Utilities Page Wires

  • MILAN— The chairman of Fiat Chrysler Automobiles has written a letter to the carmaker's employees to tell them that long-time CEO Sergio Marchionne's condition has worsened, preventing his return to the Italian-American company he created through a bold merger. Chairman John Elkann, heir to the Agnelli family that founded Italian carmaker Fiat in 1899,...

  • LOS ANGELES— Police said they were trying to determine what prompted a man to shoot his grandmother and wound another woman before he crashed his car and ran into a busy supermarket, where he held dozens of people hostage in a tense standoff with scores of heavily armed officers outside. A woman was shot and killed when the gunman ran into the Trader Joe's...

  • BERLIN, July 22- Volkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday. One option is to use Berlin's long-delayed international airport, Berlin- Brandenburg, although a decision has not yet been made, she said. VW said in June it would shut...

  • Trump issued the tweet after saying documents about his former presidential campaign adviser Carter Page confirmed with little doubt that the Department of Justice and Federal Bureau of Investigation had misled the courts. The FBI released documents on Saturday related to the surveillance of Page as part of an investigation into whether he conspired...

  • JERUSALEM, July 22- Israel will reopen Gaza's main commercial crossing and expand its fishing zone on Tuesday if a lull in cross-border tensions holds after a truce with the enclave's dominant Palestinian Islamist group Hamas, the Israeli defence minister said. Hostilities escalated last week, with Palestinian gunfire killing an Israeli soldier and...

  • BERLIN, July 22- German industry groups warned on Sunday, before European Commission President Jean-Claude Juncker meets U.S. President Donald Trump this week, that tariffs the United States has imposed or is threatening to introduce risk harming America itself. "Europe should not let itself be blackmailed and should put in a confident appearance in the...

  • JERUSALEM, July 22- Israel will reopen Gaza's main commercial crossing and expand the Palestinian fishing zone off the blockaded enclave's coast on Tuesday if a lull in cross-border tensions holds, Israeli Defence Minister Avigdor Lieberman said on Sunday. Israel shuttered the Kerem Shalom border terminal and reduced the fishing zone to 11 km from 17 km on...

  • YANGON, July 22- The chairman of an international panel set up by Myanmar to advise on the Rohingya crisis has rebutted criticism by the body's former secretary, saying the panel is effective and the government has acted on its recommendations. Former Thai foreign minister Surakiart Sathirathai, who last year was picked by Myanmar to chair the group, said late on...

  • BEIRUT— Lebanon has for decades struggled with daily power cuts that leave residents sweating through their shirts summer after sticky summer. Last week, Lebanon received its third floating power station— the 235- megawatt Esra Sultan, built and operated by the privately owned Turkish Karadeniz Energy Group. It is the third so-called "power ship" to dock in...

  • LONDON— Britain's slow move away from the European Union took a new twist Sunday as the new Brexit chief suggested that Britain might not pay its 39 billion pound divorce bill if no trade agreement with the European Union is reached. Brexit Secretary Dominic Raab told the Sunday Telegraph that there must be "conditionality" between Britain making the hefty exit...

  • ROME— Jeep executive Mike Manley will be the new CEO of Fiat Chrysler Automobiles after longtime leader Sergio Marchionne's health suddenly deteriorated following recent surgery. Manley, 54, has been one of Marchionne's closest collaborators at Fiat Chrysler Automobiles, and in a previous role had been responsible for product planning and all sales...

  • *Japan worries BOJ easing may become target of criticism. *Japan seeks clarification of China's yuan policy at G20. BUENOS AIRES, July 21- Japan should be careful about recent remarks by U.S.

  • HAVANA, July 21- A draft of Cuba's new constitution omits the aim of building communism, recognizes private property and opens the door to gay marriage, in a sign of changing times, although it keeps the Communist Party as the guiding force of the one-party system. Cuba's national assembly is this weekend debating a draft of the document to replace its Soviet-era...

  • MILAN/ LONDON, July 21- Sergio Marchionne bowed out on Saturday as one of the auto industry's most demanding and tenacious chief executives, his health in crisis after a career in which he rescued Fiat and Chrysler, two of its most storied brands. Fourteen years after he first took the wheel of Fiat, the gruff 66- year-old was replaced as boss of the Fiat Chrysler...

  • WASHINGTON, July 21- Fiat Chrysler Automobiles NV's new chief executive Mike Manley, who has overseen the effort to turn Jeep into a global brand, now plans to carry out the parent company's strategy unveiled last month, the company said Saturday. "The success of the Jeep brand under Mike Manley and his global background make him the smart choice to be the new head of...

  • BUENOS AIRES, July 21- The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France at a G20 finance ministers meeting dominated by trade tensions. French Finance Minister Bruno Le Maire said the European Union would not consider...

  • Steve Paul, owner of the Test Drive Technologies inspection service in the St. Louis area, said he issued a written report for the company in August 2017. He also told The Associated Press that the tourist boats' canopies make them hard to escape when they sink— a concern raised by regulators after a similar sinking in Arkansas killed 13 people in 1999..

  • Foreign Minister Luis Videgaray and Economy Minister Ildefonso Guajardo spoke with Marcelo Ebrard, Graciela Marquez and Jesus Seade, who have been designated by president-elect Andres Manuel Lopez Obrador as foreign minister, economy minister and NAFTA negotiator, respectively. Lopez Obrador, a former Mexico City mayor, won the country's July 1...

  • BUENOS AIRES, July 21- French Finance Minister Bruno Le Maire said on Saturday the European Union could not consider negotiating a free trade agreement with the United States without Washington first withdrawing its tariffs on steel and aluminum. Speaking to reporters at the G20 finance ministers and central bank governors meeting in Buenos Aires, Le Maire...

  • The nomination of Mike Manley as CEO of Fiat Chrysler marks a turning point for the carmaker, putting a brand with historic Italian roots in the hands of someone with no ties to Italy— a Brit who showed his mettle by growing the quintessentially American Jeep into a global brand. Manley has been one of the closest collaborators with the company's longtime leader...