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CNBC Utilities Page Wires

  • BERLIN— A Bavarian ally of Chancellor Angela Merkel is criticizing the German leader's agreement in principle to a eurozone budget, adding to a conflict over migration. Bavaria's Christian Social Union party is locked in a dispute with Merkel over its demand to turn back migrants at Germany's borders, and has given her two weeks to find agreements with...

  • NEW YORK— Hey Alexa, what's my bank account balance? Regional banking giant U.S. Bank is the first bank to be on all three services— Alexa, Siri and Assistant. Credit card companies Capital One and American Express both have Alexa skills that allow customers to check their balances and pay bills.

  • CANBERRA, Australia— Telstra Corp., Australia's largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs— one in four employees— over three years in a bid to save 1 billion Australian dollars. Telstra shares fell more than 7 percent in early trading on the Australian stock market after the announcement to AU $2.70, its lowest price...

  • SINGAPORE— Asian markets were mostly higher on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead. Hong Kong's Hang Seng rebounded 1.5 percent to 29,908.50 and the Shanghai Composite in mainland China increased 0.4 percent to 2,918.60. U.S- CHINA TARIFFS: A...

  • WASHINGTON— Washington, D.C., Mayor Muriel Bowser easily secured the Democratic Party nomination as she seeks a second term in office. Bowser, 45, a former member of the D.C. Council, defeated incumbent Mayor Vincent Gray in 2014.. The actual election in November is considered a formality in the District of Columbia, where the Republican Party holds little sway.

  • WASHINGTON— Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government form released Monday, as required by federal ethics rules, that he...

  • ATLANTIC CITY, N.J.— Eight days before it plans to open, Atlantic City's Ocean Resort Casino will go before state gambling regulators to seek a casino license. The New Jersey Casino Control Commission will begin hearing Ocean Resort's licensing case Wednesday afternoon, and has set aside time on Thursday should more consideration be necessary.

  • LAS VEGAS— The Latest on the ratification of a contract covering unionized workers of MGM Resorts International in Las Vegas:. Housekeepers, bartenders, cooks, bellmen and other unionized workers of casino-resorts operated by MGM Resorts International in Las Vegas have approved a new contract. Thousands of unionized workers at Las Vegas casino-resorts...

  • SEOUL, South Korea— A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea's second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35...

  • BEIJING— One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China's report follows President Donald Trump's order for tariffs on additional Chinese goods in...

  • HONOLULU— Honolulu's mayor has vetoed a bill aimed at setting limits for what ride-hailing services such as Uber and Lyft can charge during peak demand. Mayor Kirk Caldwell said Tuesday he wants to see new technology blend with old. The bill sought to prevent "surge pricing" rates getting higher than the maximum fare set by the city.

  • SHANGHAI, June 20- Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the spectre of a U.S.- China trade war drove down bond yields, and share and commodity prices. Trade tensions between the U.S. and China showed few signs of easing after a White House trade adviser said on Tuesday that China has underestimated the...

  • *Markets eyeing Jun. 22 OPEC meeting. *Saudi Arabia, Russia pushing for modest output increase. De-facto OPEC leader and top crude exporter Saudi Arabia as well as Russia, which is not a member of the cartel but the world's biggest oil producer, are pushing for looser supply controls, which were introduced in 2017 to prop up prices.

  • NEW YORK— Starbucks says it will accelerate its store closings in the U.S. next year as it tries to boost sluggish sales. The Seattle- based company announced Tuesday that it will close 150 underperforming stores in heavily penetrated markets, up from the usual rate of 50 closings a year. CEO Kevin Johnson told investors the company halted its marketing campaign...

  • CARACAS, June 19- Venezuela on Tuesday tapped industrial engineer Calixto Ortega as the country's new central bank chief as it struggles amidst a hyperinflationary collapse of the national economy. Ortega was designated by the country's all-powerful Constituent Assembly, which is 100 percent controlled by allies of the ruling Socialist Party.

  • S&P Dow Jones Indices said on Tuesday that GE, an original member of the Dow when it was formed by Charles Dow in 1896 and a continuous member since 1907, will be replaced in the 30- component stock average by drug store chain Walgreens Boots Alliance Inc prior to the start of trading on June 26. Last month, Chief Executive John Flannery warned that GE may not be able...

  • EXCLUSIVE- INDIA'S PNB FINDS LAPSES BY 54 STAFF IN $2 BLN BANK FRAUD CASE-INTERNAL REPORT.

  • EXCLUSIVE-PNB INTERNAL REPORT CITES VARIOUS MONITORING LAPSES, SAYS THERE "WAS ENOUGH EVIDENCE" TO DETECT FRAUD.

  • EXCLUSIVE-DERELICTION OF RESPONSIBILITIES BY SOME PNB STAFF LED BANK TO FRAUD "CATASTROPHE"- INTERNAL REPORT.

  • EXCLUSIVE-NO PNB OFFICER WHO INSPECTED FRAUD-HIT MUMBAI BRANCH RAISED ANY MAJOR ALARM DURING 2010-2017- INTERNAL REPORT.