CNBC Utilities Page Wires

  • Neither Hyundai nor Kia had any immediate comment. In May 2017, the National Highway Traffic Safety Administration, an agency of the U.S. Department of Transportation, opened a formal investigation into the recall of nearly 1.7 million Hyundai and Kia vehicles over engine defects. The letter to the automakers also signed by Senator John Thune, who chairs the...

  • CHICAGO, Oct 17- U.S. soybean futures firmed modestly on Wednesday on fund-driven buying and strength in allied soymeal futures, analysts said. As of 12:29 p.m. CDT, Chicago Board of Trade November soybean futures were up 1-1/ 4 cents at $8.86 per bushel, hovering below a two-month high set Monday at $8.92. CBOT December corn was flat at $3.75-1/ 4 a bushel and...

  • WASHINGTON, Oct 17- The Environmental Protection Agency aims to release its draft rule allowing year-round sales of higher ethanol gasoline blends by February, and end deliberations on the proposal by May, according to a filing with the Office of Management and Budget. President Donald Trump last week announced his intention to lift the summertime ban on...

  • UK PM MAY TO GIVE BREXIT BRIEFING TO 150 CEOS - FT.

  • U.S. SENATE'S MCCONNELL: REPUBLICANS COULD RENEW EFFORT TO REPEAL OBAMACARE, DEPENDING ON CONGRESSIONAL ELECTION RESULTS.

  • *Wall Street slips as IBM disappoints. Spot gold was up 0.1 percent at $1,224.87 per ounce at 1:12 p.m. EDT, just below the 2-1/ 2 month peak of $1,233.26 scaled on Monday as a rout in stock markets forced investors to seek safety in the metal. Wall Street fell on disappointing results from IBM, after enjoying its best session in eight months the previous day.

  • BRUSSELS, Oct 17- The United States demanded rapid results on Wednesday in transatlantic trade talks with the European Union, accusing the bloc of holding up progress, but the top EU trade official said the ball was in Washington's court. President Donald Trump agreed with European Commission chief Jean-Claude Juncker in July to refrain from imposing tariffs...

  • Acacia, which is Tanzania's largest gold miner, is locked in a long-running dispute with the government which has accused the company of tax evasion. After taking office in 2015, President John Magufuli launched an anti-corruption drive and vowed to stamp out tax evasion by multinational companies in Tanzania's mining and telecoms sectors.

  • *Financials rise ahead of Fed minutes at 2 pm ET. Oct 17- U.S. stocks slipped in a choppy session on Wednesday, struggling to sustain a rally from the previous session, as IBM snapped a run of strong blue-chips earnings and disappointing housing data dragged down Home Depot and homebuilders. Helping temper losses was a rise in Netflix on strong subscriber numbers...

  • WASHINGTON, Oct 17- The Republican chairman and the ranking Democrat on the Senate Commerce Committee said on Wednesday they have asked top U.S. executives at Hyundai Motor Co and Kia Motors Corp to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers. The request comes after safety advocates raised concerns...

  • MEXICO CITY, Oct 17- Amazon.com Inc is scouting for land in central Mexico for a fourth distribution center in the country, sources said, aiming at a bigger slice of the burgeoning e-commerce market in Latin America's second-largest economy. The retail titan's target is Queretaro state in the industrial center of Mexico, where it is looking to hire a developer to...

  • ATHENS, Oct 17- Greece's National Bank said on Wednesday it had ended talks with Shanghai- based Gongbao Group on the potential sale of a majority stake in its wholly-owned insurance subsidiary. The bank, Greece's second-largest by assets, said no further negotiations with Gongbao would be pursued. NBG had put its National Insurance business up for sale as part...

  • The SEC said in a public notice that the Division of Corporation Finance was considering "recommending that the commission seek public comment on ways to ease companies' compliance burdens while maintaining appropriate levels of disclosure and investor protection. However, SEC Chairman Jay Clayton, a Trump appointee, last week told an audience in...

  • WASHINGTON, Oct 17- White House economic advisor Larry Kudlow said on Wednesday that U.S. President Trump was not demanding a policy change at the Federal Reserve after Trump heaped more criticism on the Fed on Tuesday, calling rising U.S. interest rates his "biggest threat." "A protracted battle over Fed independence would risk higher long-term interest rates...

  • Oct 17- Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals. State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, co-filed the...

  • BRUSSELS, Oct 17- The commissioner for the EU budget, Guenther Oettinger, on Wednesday denied a media report saying the EU Commission had already decided to reject Italy's draft budget for next year. "I did not say there is a Commission decision on Italy," he wrote on Twitter after German magazine Der Spiegel published an interview with him on its website.

  • BILLIONAIRE LEON COOPERMAN SAYS THERE IS NO SIGN OF A RECESSION.

  • CHICAGO, Oct 17- Americans could dig a $2.5 trillion hole in the country's retirement system as they fail to pay back loans taken from workplace retirement plans over the next 10 years, according to a new study from Deloitte Consulting. The result for a typical 42- year-old borrower, taking out a $7,000 loan from a $70,000 account: $300,000 less at retirement age...

  • LONDON, Oct 17- Copper prices held steady on Wednesday as better than forecast Chinese lending data signalling solid economic growth in the world's biggest metals consumer was offset by signs that a supply squeeze in China was receding. Fears that a U.S.- China trade dispute would weaken demand helped push prices to a 14- month low of $5,773 in August.

  • LONDON, Oct 17- Copper prices held steady on Wednesday as better than forecast Chinese lending data signaling solid economic growth in the world's biggest metals consumer was offset by signs that a supply squeeze in China was receding. Fears that a U.S.- China trade dispute would weaken demand helped push prices to a 14- month low of $5,773 in August.