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CNBC Utilities Page Wires

  • ZAGREB, April 25- Croatian police said on Wednesday they had arrested a 19- year old man they suspect of being behind an illegal internet service for cyber attacks called Webstresser.org. Every user of Webstresser.org could buy access to online DDoS infrastructure for attacking web sites for a price starting at 15 euros, police said. The Croatian police said...

  • *Covance unit revenue hits $1 billion. The company's Covance unit, which has been steadily improving, hit $1 billion in sales for the first time, benefiting from the acquisition of privately held CRO Chiltern International. Covance sales rose 39.3 percent to $1.08 billion, better than consensus estimates of $1.02 billion by Evercore ISI.

  • IMPERIAL, Pennsylvania, April 25- General Electric CO employees and shareholders voiced frustration on Wednesday with the company's poor performance, while attending the first annual meeting under Chief Executive Officer John Flannery, who has presided over a 43 percent decline in GE's stock price since taking over on Aug. 1. Several dozen union workers from...

  • WASHINGTON, April 25- The Trump administration is preparing to submit to the U.S. Congress up to $25 billion in immediate spending cuts, including possible reductions to social safety net programs, lawmakers said on Wednesday, in a move that could upend a budget deal enacted last month. The White House plan, which has not yet been unveiled, would call on Congress to...

  • The tiremaker said it expects second quarter earnings to be reduced by about $65 million from last year, partly because of the raw-materials costs. The forecast was "indicative of pricing pressure we've observed in the market recently," Longbow Research analyst Anthony Deem said, adding that the company was having a tough time setting prices high enough to...

  • IMPERIAL, Pennsylvania, April 25- General Electric CO employees and shareholders voiced frustration on Wednesday with the company's poor performance, while attending the first annual meeting under Chief Executive Officer John Flannery, who has presided over a 43 percent decline in GE's stock price since taking over on Aug. 1. Several dozen union workers from...

  • LONDON, April 25- Worries over rising bond yields and falling metals prices trumped well-received earnings updates from Kering and Credit Suisse on Wednesday, sending European shares to a one-week low. Germany's DAX fell 1 percent. Glencore, Rio Tinto and Anglo American all tumbled 1.4 to 4 percent.

  • Soybean futures also were firm, with President Donald Trump's announcement on Tuesday that the United States would likely reach a trade agreement with China raising hopes of a resumption in purchases from the world's largest buyer of the oilseed. Chicago Board of Trade soft red winter wheat notched the biggest gain, with the most-active contract rising 2.3...

  • *Second biggest pharma deal after Pfizer/ Warner Lambert. LONDON/ NEW YORK/ TOKYO, April 25- Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion offer from Japan's Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company since 2000.. "The chances are UK shareholders in...

  • April 25- U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter. Chevron asked other employees to avoid the facilities of its joint venture with the OPEC nation's oil firm, the sources said.

  • *Graft allegations concern Guinea, Togo port contracts. The probe involves two separate cases, one in Guinea and the other in Togo. Groupe Bollore confirmed on Tuesday its African business interests were under investigation over the billing for work carried out in Guinea and Togo between 2009 and 2010 by its communications business Havas Worldwide.

  • PARIS, April 25- French aerospace group Safran reported higher first quarter sales on Wednesday, with turnover lifted by its takeover of Zodiac Aerospace, and confirmed its 2018 outlook. Safran said first-quarter adjusted revenues had risen to 4.22 billion euros, including a contribution of 369 million euros from the Zodiac Aerospace business.

  • *FTSE 100 down 0.5 pct. LONDON, April 25- A £64 billion bid for drug maker Shire and a fresh £22 billion offer for Sky failed to lift the UK stock market on Wednesday as worries about rising U.S. bond yields and corporate costs continued to weigh on global markets. Britain's blue chip FTSE 100 closed down 0.62 percent at 7,379.32 points, broadly in line with other...

  • *U.S. 10- year bond yields at 4- year highs above 3 pct. LONDON, April 25- A rise in U.S. 10- year Treasury yields above 3 percent kept upward pressure on euro zone borrowing costs on Wednesday, although a looming European Central Bank meeting contained the sell-off in the single currency bloc. Germany's benchmark 10- year bond yield briefly tested Tuesday's...

  • LONDON, April 25- Aluminium clawed back some lost ground on Wednesday after four straight days of losses, but remained down 18 percent from its April peak as concerns over the impact of U.S. sanctions on Russian producer United Company Rusal eased. *LME ALUMINIUM: Three-month aluminium on the London Metal Exchange closed 0.8 percent higher at $2,245 a tonne, still...

  • *Co "on offense" in Europe- CEO. The company, which lags behind Medtronic Plc and Edwards Lifesciences Corp in the heart valves market, is pinning its hopes on its updated Lotus device, set for launch in 2019, following the withdrawal of an earlier version from Europe last year. Rival Edwards Lifesciences reported lower-than-expected valve sales on Tuesday due to...

  • DETROIT, April 25- General Motors Co said on Wednesday it will start a third shift at its Spring Hill assembly plant to meet strong demand for its popular GMC Acadia midsize SUV and the Cadillac XT5 crossover, adding around 700 jobs. While this has been good news for GM plants like Spring Hill, others have suffered. For instance, the automaker recently announced the...

  • Nasdaq on Wednesday announced a surveillance deal with Gemini Trust Company to monitor cryptocurrency trading on its exchange for potential market manipulation and fraud. Nasdaq's net income in the first quarter rose to $177 million, or $1.05 per share, from $168 million, or 99 cents per share, a year earlier, helped by a volatility-driven spike in trading...

  • NEW YORK, April 25- Venture capitalist Peter Thiel on Wednesday abandoned his effort to buy the irreverent news website Gawker.com, as part of a settlement freeing the billionaire from possible lawsuits for having secretly funded litigation that led to its demise. The proposed settlement between Thiel Capital LLC and a liquidator for Gawker Media LLC...

  • *Comcast shares drop after $31 bln offer for Sky. April 25- U.S. stock indexes swung between gains and losses on Wednesday, as Boeing's jump after upbeat results and outlook was negated by declines in technology stocks and rising U.S. bond yields. "With earnings reports that are coming out, the focus is on the forward guidance for where the interest rate environment...