CNBC Utilities Page Wires

  • *U.S.- China trade talks resume in Washington. NEW YORK, Feb 19- U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.- China trade talks resumed in Washington. "did say going to be drawing down the balance sheet for some time," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New...

  • Feb 19- Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday and revenue that missed Wall Street estimates, sending the company's shares down 9 percent in after-market trading. LendingClub also forecast a first-quarter net loss between $20 million and $15 million, compared to Wall Street estimates of a loss of...

  • WASHINGTON, Feb 19- The U.S. Securities and Exchange Commission proposed on Tuesday to expand a rule that allows companies to sound prospective investors out privately before going public. The move forms part of a broader push by SEC chairman Jay Clayton to make it easier for companies to go public by relaxing rules, amid worries that a 50 percent decline in U.S....

  • SAO PAULO/ DETROIT, Feb 19- Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Following that announcement, analysts and investors had expected a similar restructuring in...

  • WINNIPEG, Manitoba, Feb 19- TransCanada Corp restarted a section of the Keystone oil pipeline on Tuesday, following a leak in Missouri earlier this month, company spokesman Terry Cunha said. TransCanada had shut an arm of Keystone from Steele City, Nebraska to Patoka, Illinois on Feb. 6 after leaking 43 barrels of crude oil. The shutdown restricted the flow on the...

  • The San Francisco- based company posted an adjusted loss of $4.1 million, or 1 cent per share, in the fourth quarter ended Dec. 31, compared to a loss of $7.3 million, or 2 cents per share, a year earlier.

  • Feb 19- ICE cotton futures settled higher on Tuesday, having touched a one-week high earlier in the session, helped by a weaker dollar, while investors focused on the latest round of trade talks between the United States and China. *On Tuesday, the United States and China launched a new round of talks in Washington, with follow-up sessions scheduled later in the week,...

  • Feb 19- Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper's hedge fund Appaloosa LP wrote to Allergan's board, just hours after the Botox maker announced it had added a former industry...

  • BENGHAZI, Libya, Feb 19- Eastern Libyan forces handed over control of the El Sharara oilfield to an oil security force, officials said on Tuesday, in a bid to encourage state oil firm NOC to restart production that has been halted since December. NOC, based in Tripoli, in the west of Libya where the internationally recognised government is based, has said it will not...

  • *Soybeans, corn fall as U.S., China set to resume trade talks Wheat drops on large global supplies, sour U.S. exports. CHICAGO, Feb 19- Chicago Board of Trade grain and soybean futures all soured on Tuesday as U.S. wheat sellers failed to nab any export sales and traders waited impatiently for news on the latest of talks on the U.S.- China trade war. Chicago Board of...

  • SANTIAGO, Feb 19- Chile's environmental regulator on Tuesday said it had filed charges against Lumina Copper for infractions related to over-extraction of water from wells feeding its Caserones copper mine. The environmental watchdog, known locally as the SMA, said in a statement that it presented 18 charges related to the mining company's operations,...

  • NEW YORK, Feb 19- Treasury yields were lower in Tuesday afternoon trade ahead of the release on Wednesday of minutes from the Federal Reserve's January policy-setting meeting and as trade talks between the United States and China neared their March 1 deadline. Fed Chair Jerome Powell had said U.S. central bank policy makers would be "patient" after signs of an...

  • BERLIN, Feb 19- Britain has urged Germany to exempt big defence projects from its efforts to halt arms sales to Saudi Arabia or face damage to its commercial credibility, the German magazine Der Spiegel reported on Tuesday. Germany said last November it would reject future arms export licences to Saudi Arabia over the killing of Saudi journalist Jamal...

  • SAO PAULO/ DETROIT, Feb 19- Ford Motor Co said on Tuesday it would exit its heavy commercial truck business in South America in a plant closing that could cost more than 2,700 jobs, part of a global restructuring meant to end losses in different regions. The factory in Sao Bernardo do Campo, an industrial suburb of Sao Paulo, has operated since 1967 and was Ford's first...

  • ALBERTA GOV' T WILL PURCHASE OIL FROM PRODUCERS AND RE-SELL IT; SEES NO IMPACT ON GRAIN SHIPMENTS.

  • ALBERTA SEES CRUDE BY RAIL PLAN NARROWING WCS-WTI OIL DIFFERENTIAL.

  • CANADIAN PROVINCE OF ALBERTA TO SPEND C $3.7 BLN OVER 3 YEARS LEASING 4,400 RAIL CARS, BUYING SERVICE TO HAUL OIL.

  • FIRST ALBERTA RAIL CARS EXPECTED IN JULY 2019, INITIALLY MOVING 20,000 BPD OF CRUDE OIL.

  • ALBERTA EXPECTS RAIL PLAN TO GENERATE C $5.9 BLN IN INCREASED ROYALTIES, TAXES, SALES OVER 3 YEARS; NET REVENUE OF C $2.2 BLN.

  • ALBERTA RAIL CARS WILL MOVE UP TO 120,000 BARRELS PER DAY OF CRUDE ON CANADIAN NATIONAL, CANADIAN PACIFIC RAILWAYS BY MID-2020.