CNBC Utilities Page Wires

  • NEW YORK, Nov 19- U.S. stocks dropped on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.

  • Nov 19- The Canadian dollar edged lower against its U.S. counterpart on Monday, straying close to the nearly four-month low touched last week, as trade tensions between the United States and China continued to weigh on investors' risk appetite. Vice President Mike Pence said in a blunt speech on Saturday that there would be no end to U.S. tariffs on $250 billion of...

  • *Deutsche confirms acted as correspondent bank for Danske in Estonia until 2015. COPENHAGEN, Nov 19- The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions under scrutiny. A Deutsche Bank...

  • CHICAGO, Nov 19- U.S. soybean futures fell 2.1 percent on Monday, hitting their lowest since Nov. 8, as a lack of consensus at a meeting of Asia-Pacific leaders cooled hopes of Washington and Beijing resolving a trade dispute that has disrupted U.S. soybean exports to China. Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday...

  • It also highlights the problems at GE Power. "One of my top priorities is positioning our businesses to win, starting with GE Power," Culp said in a statement. GE also named Scott Strazik, CEO of GE Power's repair and maintenance business, to be CEO of Gas Power, overseeing both equipment sales and services.

  • NEW YORK, Nov 19- The dollar dropped to two-week lows on Monday, pressured by cautious comments about the U.S. economy from Federal Reserve officials suggesting the central bank may be nearing the end of its tightening cycle. Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan on Friday raised concerns over a potential global slowdown that has...

  • NEW YORK, Nov 19- The Nasdaq slumped nearly 3 percent and the Dow and S&P fell more than 1 percent on Monday as investors pulled out of Apple and internet shares, while conflicting signals over the state of play between the United States and China on their trade dispute added to caution. Shares of Apple Inc fell 3.5 percent after the Wall Street Journal reported the...

  • Nov 19- Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with online grocer Ocado Group Plc in a bid to dominate the U.S. grocery delivery business. Kroger, the largest U.S. supermarket operator, is battling Walmart Inc and Amazon.com Inc in the small, but fast-growing online segment that accounts for...

  • *TESLA IS WORKING WITH MANHEIM AND ADESA TO MANAGE AND SELL A HIGHER VOLUME OF USED VEHICLES- CNBC Source text: https://cnb.cx/2Q4rhUd Further company coverage:.

  • TESLA IS WORKING WITH MANHEIM AND ADESA TO MANAGE AND SELL A HIGHER VOLUME OF USED VEHICLES- CNBC.

  • *SocGen agrees to pay $1.3 bln for sanction violations. PARIS/ WASHINGTON, Nov 19- French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.4 billion to resolve pending legal disputes. The bank agreed to pay $1.34 billion to settle investigations into its handling dollar transactions in violation of U.S. sanctions...

  • Nov 19- European Union authorities are cracking down on blood pressure medicine valsartan made by a unit of Mylan NV after an impurity was found in some batches of the treatment. The batches affected were made in Mylan's Hyderabad facility in India and were found to contain N-nitrosodiethylamine, a carcinogen, the European Medicines Agency said...

  • WASHINGTON, Nov 19- Federal Reserve governor Randal Quarles is to become the new head of the Financial Stability Board, the international body that helps monitor and safeguard financial stability globally, two people familiar with the process said. He will replace Mark Carney, the Bank of England governor whose term ends this year. Klaas Knot, president of the...

  • Nov 19- Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with online grocer Ocado Group Plc.. Kroger, the largest U.S. supermarket operator, is battling Walmart Inc and Amazon.com Inc for dominance in the small, but fast-growing online segment that accounts for anywhere from 1 percent to 4 percent of the...

  • RIO DE JANEIRO, Nov 19- A University of Chicago- trained economist named as the next chief of Brazil's Petrobras threw his support behind the sale of the state oil company's non-core assets and called for it to focus on exploration and production. Roberto Castello Branco on Monday was named by Brazil's incoming far-right government as the next chief executive...

  • NEW YORK, Nov 19- U.S. stocks tumbled on Monday, with the S&P 500 and Dow Jones industrial Average shedding about 2 percent and the Nasdaq down more than 3 percent. A slide in Apple's shares to their lowest since July 6 battered the technology sector on concerns about iPhone demand, with mixed signals over the state of play between the United States and China on their...

  • HOUSTON, Nov 19- United Steelworkers union locals representing 30,000 U.S. oil refinery and chemical plant workers ratified terms for contract proposals in negotiations that are to start in January, the union said on Monday. The proposals, which include an 8 percent pay increase for each year of a three-year agreement, were developed by the USW's National Oil...

  • *Palladium off all-time high of $1,185.40/ oz. Spot gold was 0.2 percent higher at $1,224.13 per ounce by 13:45 p.m. EST after hitting a one-week high of $1,225.29 in the previous session. U.S. gold futures settled up $2.30, or 0.2 percent, at $1,225.30.

  • US 10- YEAR TREASURY YIELDS FALL TO 3.056 PCT, LOWEST SINCE OCT. 3.

  • MUMBAI/ NEW DELHI, Nov 19- The board of India's central bank advised it to act to support small businesses and give banks more time to step up capital norms, following weeks of pressure from Prime Minister Narendra Modi's government to spur lending ahead of elections. After a nine-hour board meeting on Monday, the Reserve Bank of India said its board also decided to...