CNBC Utilities Page Wires

  • JUDGE BLOCKS DRILLING, ORDERS FURTHER ENVIRONMENTAL REVIEW ON 282 OIL AND GAS LEASES IN WYOMING- COURT DOC.

  • SAO PAULO, March 20- Boeing Co on Wednesday named two executives to lead a new company to be created after a proposed $4.2 billion deal with Brazilian planemaker Embraer closes. The new venture will be led by John Slattery, who currently heads the commercial aviation division at Embraer and will become chief executive officer of the joint venture with Boeing.

  • GOVERNMENT DID NOT SUFFICIENTLY CONSIDER CLIMATE CHANGE IMPACTS OF OIL AND GAS LEASING-FEDERAL JUDGE.

  • NEW YORK, March 20- U.S. "The realities of the mounting evidence pointing toward a pivot in the global growth cycle offer a troubling backdrop for today's Fed decision," said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets. Among recent revelations of slowing growth, he cited profit warnings from major European companies including German automaker...

  • SOUTHWESTS KELLY SAID HIS INTERNAL, INDEPENDENT SAFETY TEAM WAS TELLING HIM THAT DATA COLLECTED FROM THE MAX SHOWED NO PROBLEM- WSJ.

  • SOUTHWEST'S CEO GARRY KELLY SAID CHOICE WAS WHETHER TO DISRUPT FLIGHTS OUT OF CAUTION OR CONTINUE BASED ON CONCLUSIONS FROM AIRLINES INTERNAL SAFETY TEAM- WSJ.

  • SOUTHWEST AIRLINES, UNITED AIRLINES AND AMERICAN AIRLINES SAY DATA, NOT ECONOMICS, DROVE THEIR CHOICES TO KEEP FLYING BOEING'S 737 MAX- WSJ.

  • *Palladium hits peak of $1,608/ oz. Spot palladium was up 0.4 percent at $1,602.76 per ounce as of 10:24 a.m. EDT, having earlier touched a record high of $1,608. "Europe came up with stringent environmental demand and environmental initiatives while we have supply issues from South Africa and Russia," said Eli Tesfaye, senior market strategist for brokerage RJO...

  • *Europe, Canada seek own certification for 737 MAX jets. The March 10 Ethiopian Airlines crash has shaken the global aviation industry and cast a shadow over the flagship Boeing model intended to be a standard for decades to come, given parallels with the Lion Air calamity off Jakarta in October. Chicago- headquartered Boeing has promised a swift update of...

  • GOTHENBURG, March 20- Swedish automaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020 s, monitoring drivers for signs of being drunk or distracted and intervening to prevent accidents. The safety features, detailed at a briefing in Gothenburg on Wednesday which fleshed out...

  • *Fed Chief Powell to hold press conference at 2:30 p.m. ET. March 20- U.S. stocks fell on Wednesday after economic bellwether FedEx issued a downbeat profit outlook and as investors waited for more clarity on the Federal Reserve's interest rate forecasts for the rest of the year. "It's a Fed day and investors will scrutinize its communiqué with two key factors...

  • NEW YORK, March 20- The U.S. dollar was little changed against a basket of major currencies on Wednesday, as traders were cautious ahead of a Federal Reserve monetary policy decision which is expected to offer clues on the direction of U.S. interest rates. The dollar surged against sterling amid investor wariness over the prospects for the British currency as...

  • March 20- Vaping products supplier Greenlane Holdings Inc filed for an initial public offering with U.S. regulators on Wednesday, in the backdrop of both growing investor interest and rising regulatory scrutiny into the e-cigarette industry. Marlboro maker Altria Group this year bought a 35 percent stake in Juul Labs for $12.8 billion.

  • BRUSSELS, March 20- European Union leaders will sound the alarm this week over the threat of EU elections in May being undermined by a coordinated campaign of fake news and disinformation by foreign powers. A draft statement seen by Reuters on Wednesday, ahead of a leaders' summit to take place in Brussels on Thursday and Friday, said they would call on governments...

  • NEW DELHI, March 20- Oman's oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country's participation. "No one on this side of the panel is aware of this investment in Sri Lanka," Salim al-Aufi, undersecretary of Oman's ministry of oil and gas, told a news...

  • The deal will expand Disney's portfolio of some of the world's most popular characters, uniting Mickey Mouse, Luke Skywalker and Marvel superheroes with Fox's X-Men, "Avatar" and "The Simpsons" franchises. Disney also said Kevin Mayer and James Kapenstein have stepped down from its board. House Speaker Paul Ryan, Formula One Group Chief Executive Officer Chase...

  • *Exxon opted to suspend process due to violence in Algeria. ALGIERS/ LONDON, March 20- Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of unrest, industry sources said, the first economic fallout from the almost month-long anti-government protests. Last week, officials from the two sides held...

  • *China in focus, other largely Asian countries in mind. BRUSSELS, March 20- The European Union executive is urging EU leaders this week to get tough on trade with Beijing and use their 2.4 trillion euro market in public tenders as leverage to pressure countries such as China to open up. European Commission Vice President Jyrki Katainen told Reuters that the time...

  • March 20- Vaping products supplier Greenlane Holdings Inc filed for an initial public offering with the U.S. Securities and Exchange Commission on Wednesday. The company intends to list itself on the Nasdaq under the symbol "GNLN," it said in a regulatory filing http://bit.ly/2WdNmiw. Greenlane set a placeholder amount of $92 million to indicate the size of the...

  • *Steps up cost cuts by $300 million. ZURICH, March 20- UBS is to cut an extra $300 million in costs in 2019 after investment banking revenues plunged in the first quarter, Switzerland's biggest bank said, sounding a pessimistic note about full-year prospects. Chief Executive Sergio Ermotti, who outlined the cost cuts in a speech to a London investment conference on...