CNBC Utilities Page Wires

  • *Shares fall most since Google's September Renault contract win. AMSTERDAM, Oct 16- Shares in navigation firm TomTom slid 13 percent on Tuesday on news it had lost a contract with carmaker Volvo, renewing worries that Google's entry into in-dashboard software may hurt the Dutch firm. TomTom shares were down 13.2 percent at 6.22 euros at 1435 GMT, while...

  • WASHINGTON, Oct 16- U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers. The Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, report on Tuesday that there were 7.14 million unfilled positions in the...

  • SAO PAULO, Oct 16- Brazilian card processor Stone Co Ltd filed on Tuesday for an initial public offering on Nasdaq that may raise up to $1.1 billion and lure Warren Buffett's Berkshire Hathaway Inc as a shareholder, according to a securities filing. Other Stone shareholders include Brazilian investment firm 3 G Capital Inc's founders, Jorge Paulo Lemann, Marcel...

  • NEW YORK, Oct 16- Stocks bounced back on Tuesday across the world, supported by earnings expectations, while oil prices fell on evidence of higher U.S. oil production and increasing U.S. crude inventories. Japan led Asian shares higher with the Nikkei index up 1.25 percent after a decline of nearly 2 percent on Monday. "A couple of inputs that caused a sell-off in the...

  • TORONTO, Oct 16- Canada has excluded a long list of steel and some aluminum products from its 25 percent tariff on U.S. metal, offering short-term relief to the country's auto sector, which relies heavily on U.S.-made steel. "While this limited relief is good, it's no good if the tariffs go beyond Dec. 31st," said Flavio Volpe, president of the Automotive Parts...

  • TRIPOLI, Oct 16- Libya's state-owned mobile phone operator al-Madar launched the first 4 G services in the North African country, a rare investment in a country hit by years of political turmoil and violence. The service, equivalent to ten times the speed of the previous 3 G Internet, was activated at al-Madar's headquarters in Tripoli. We were confronted with...

  • DUBAI, Oct 16- Saudi Arabia's sovereign wealth fund has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond oil and transform the country into a high-tech investment powerhouse. The Public Investment Fund's pledges are now in the spotlight as the United States and other countries weigh...

  • Oct 16- Canada's main stock index rose on Tuesday, led by shares in the financial sector on expectations of another interest rate hike next week, after a central bank report showed business optimism at near record levels. *At 9:36 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 32.78 points, or 0.21 percent, at 15,442.25. *The Bank of Canada said...

  • US DOLLAR INDEX RETRACES EARLIER WEAKNESS TO TRADE UNCHANGED ON THE DAY AT 95.055.

  • *Traders eye Italy, Brexit, Middle East developments. NEW YORK, Oct 16- U.S. "Following the extraordinary volatility in both stocks and bonds, we are seeing a bit of a calming here as traders are looking for new ranges," said John Canavan, market strategist at Stone& McCarthy Research Associates in New York.

  • Oct 16- A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk. Musk agreed to pay a $20 million fine and step aside as Tesla's chairman for three years to settle charges that could have forced his exit from Tesla. On Oct. 4, just hours after the court ordered him and the SEC to...

  • *Tech, healthcare sectors top gainers out of 11 S&P sectors. *Goldman Sachs, Morgan Stanley rise after qtrly profit beat. Oct 16- U.S. stocks rose broadly on Tuesday, led by technology and healthcare shares, as upbeat earnings from blue-chip companies helped ease jitters over the impact of the ongoing U.S.- China trade war and other global issues on corporate...

  • Oct 16- BlackRock Inc Chief Executive Officer Larry Fink said on Tuesday that he would not cut ties with Saudi Arabia even as pressure mounts on the country to explain the disappearance of a prominent critic. Fink is one of several top business executives, including JPMorgan Chase& Co's Jamie Dimon and HSBC Holdings plc CEO John Flint, who pulled out of a major...

  • NEW YORK, Oct 16- The U.S. dollar index dropped to more than two-week lows on Tuesday while emerging market currencies outperformed, as rising stock markets reflected improving risk appetite. Equity prices seem to be rising globally again and reversing a little bit of the panic that we saw last week, said Mark McCormick, North American head of FX strategy at TD...

  • MADRID, Oct 16- The Spanish government has decided not to deliver the permits necessary to open the European Union's only open-cast uranium mine near Salamanca, dealing a serious blow to Australian mining company Berkeley Energia's plans. Spain's energy and environment ministry declined to comment. The Nuclear Safety Council and Berkeley Energia had no...

  • JUDGE APPROVES ELON MUSKS SETTLEMENT WITH U.S.

  • Oct 16- Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. Morgan Stanley's gains from investment banking and trading businesses outstripped those of traditional rival Goldman Sachs...

  • Oct 16- A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk. Musk agreed to pay a $20 million fine and step aside as Tesla's chairman for three years to settle charges that could have forced his exit from Tesla. The company also accepted a $20 million fine, despite not...

  • *See spends coming back in North America- COO. MUMBAI/ BENGALURU, Oct 16- Infosys Ltd retained its revenue forecast for the current financial year, with the chief of India's second largest IT firm saying the demand for its services remained strong. Infosys' retention of its guidance "despite reinvestment of entire currency gains back into business indicate...