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CNBC Utilities Page Wires

  • *FTSE 100 up 0.4 pct at close. LONDON, April 23- The UK's top share index rose on Monday as a rise in bond yields buoyed financials and an appetite for risk returned at the beginning of a busy week of company updates. The FTSE 100 ended the session up 0.4 percent at 7,398.87 points, its highest level in seven weeks, pulling into positive territory following a muted start...

  • SOHN CONFERENCE: KHOURY SAYS DR HORTON INC STOCK HAS 60 PCT UPSIDE.

  • SOHN CONFERENCE: LONG POND CAPITAL FOUNDER JOHN KHOURY DISCUSSING DR HORTON INC.

  • SOHN CONFERENCE: LONG POND CAPITAL'S KHOURY SAYS DHI HAS SIGNIFICANT UPSIDE.

  • *STOXX 600 up 0.3 pct. LONDON, April 23- European shares edged up on Monday as a rise in U.S. The pan-European STOXX 600 benchmark index rose 0.35 percent, reversing initial losses, as gains in financials gathered pace and Wall Street opened in positive territory.

  • April 23- Consumer products maker Newell Brands Inc and hedge fund Starboard Value LP have agreed to end a months-long proxy fight through a deal brokered by fellow activist investor Carl Icahn that will add three new independent directors to the board. Icahn, who has amassed a nearly 7 percent stake in the Sharpie maker, said on Monday he agreed to give up two of...

  • *Europe pressing Trump over Russia sanctions. WASHINGTON/ MOSCOW, April 23- The U.S. government on Monday gave American customers of Russia's biggest aluminum producer more time to comply with sanctions, sending aluminum prices into a tailspin but lifting shares of the company, United Company Rusal Plc.. Rusal and its major shareholder, Russian tycoon Oleg...

  • April 23- Louis Dreyfus Company has named Andrea Maserati as Chief Operating Officer and former Edesia head Ian McIntosh as Chief Strategy Officer as part of a management reshuffle. As the "D" in the "ABCD" quartet of trading houses, Louis Dreyfus Company dominates global agricultural commodity trading alongside Archer Daniels Midland, Bunge and Cargill.

  • *10- year Treasury yield climb near 3 pct. April 23- Wall Street edged higher on Monday, led by technology stocks, as optimism about strength of the earnings season helped ease concerns on rising U.S. "If we get to that level, it's not going to be too much of a negative for investors because earnings have been coming in quite good and that's what we need to push stocks...

  • "We anticipate the revenue impact will be most pronounced in the first half of the year with a lesser impact in the third and fourth quarters, including the important holiday season", Chief Executive Officer Brian Goldner said. Davidson analyst Linda Bolton Weiser said she was relieved to learn that the company did not expect further material expenses from the...

  • *EU sets Sept. 4 deadline whether to clear or block deal. BRUSSELS, April 23- EU antitrust regulators opened an investigation on Monday into Apple's bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals. The European Commission said it was concerned about Apple's access to...

  • NEW YORK, April 23- A gauge of global equity markets was little changed on Monday as U.S. bond yields moved closer to the 3 percent level that has unnerved investors in recent months and a fall in commodity prices pressured energy and materials stocks. "This space has been on fire- energy, metals, the commodities vertical has just been absolutely on fire," said Peter...

  • *Italy- German bond yield gap tightest in almost 2 years. *Italy appoints mediator to sound out chances of 5- Star/PD gov. Signs of a thawing of relations between the United States and China, and North Korea's decision to suspend nuclear tests are taking the edge off the flight-to-safety impulse and therefore also putting upward pressure on yields, analysts said.

  • Tensions with the West have increased steadily over recent years as Russia becomes involved in conflicts in Syria and Ukraine. German Foreign Minister Heiko Maas earlier told reporters that the G7 would formally call on Moscow to contribute to solving the crisis in Syria, where Russia and Iran are backing Syrian President Bashar al-Assad.

  • WASHINGTON, April 23- U.S. Supreme Court justices on Monday appeared divided over a challenge to the constitutionality of the Securities and Exchange Commission's selection of in-house judges to enforce investor protection laws in a case involving a former radio host and investment adviser backed by the Trump administration. The court heard arguments in...

  • NEW YORK— CenterPoint Energy Inc. is paying just under $6 billion for rival Vectren in a move that will expand the utility operator's reach. Houston- based CenterPoint has natural gas operations in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Evansville, Indiana- based Vectren Corp. provides natural gas in Indiana and Ohio, along with...

  • BRUSSELS— The European Union is opening an investigation into Apple's acquisition of song-recognition app Shazam to make sure it doesn't limit consumer choice too much. Apple said in December it would buy the maker of the popular song-recognition app, which Apple's digital assistant Siri had been competing with. EU Antitrust Commissioner Margrethe...

  • *To open office in Casablanca after recent opening in Colombia. LONDON, April 23- Most business on the Lloyd's of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. Lloyd's, which started life in Edward Lloyd's coffee house in 1688, has been losing business to emerging markets such as...

  • The jump in revenue came despite a $312 million writedown on Halliburton's remaining assets in Venezuela, and a hit to earnings related to the impact of cold weather earlier in the quarter. Halliburton expects normalized margins of around 20 percent in North America by the end of this year, supported by ongoing tightness in the hydraulic fracturing market,...

  • A Democratic Ohio governor candidate is calling for a criminal investigation into a whistleblower's claims that a now-shuttered online charter school used software to inflate attendance figures. Joe Schiavoni and running mate Stephanie Dodd, a member of Ohio's state school board, responded to allegations of an ex-employee of the Electronic Classroom...