CNBC Utilities Page Wires

  • PRESIDENT DONALD TRUMP WILL MAKE A STATE VISIT TO THE UNITED KINGDOM IN JUNE AND WILL VISIT BUCKINGHAM PALACE- SKY NEWS.

  • The Indiana Chamber of Commerce took the unusual step of calling out Pruitt and Rail Point- a coal company with whom he has registered as a lobbyist- for pressuring local lawmakers to block utilities Vectren Corp and the Northern Indiana Public Service Co from shutting their remaining coal plants and replacing their generation capacity with natural gas and...

  • Last week, reviewers started posting problems with the device on Twitter, but as of Friday the company did not know the root cause of the screen defects, according to Patrick Moorhead, founder of Moor Insights& Strategy, who said he was in direct contact with the company. About 50 units of the $1,980 foldable device had been sent for review to journalists, analysts...

  • BRASILIA, April 22- Brazil's President Jair Bolsonaro believes there is no reason for the country's truckers to go on strike, his spokesman said on Monday. General Otavio Rego Barros told reporters in Brasilia that the government's talks with truckers were aimed at securing a good outcome to avoid a strike. A 2018 truckers strike paralyzed Brazil's economy, and...

  • Better-than-expected revenue in North America, along with the company's claim that prices were bottoming out, initially drove shares in the oilfield services giant almost 5 percent higher after it published first quarter results. The Houston- based company, known globally for its investment in post-war Iraq, posted an 11 percent rise in international...

  • April 22- Herman Cain, facing resistance from his own political party as U.S. President Donald Trump's pick to fill a seat on the Federal Reserve Board, withdrew Monday from consideration for the post, citing what he said would be a decrease in influence and pay. Four Republican U.S. senators have expressed reservations about seating Cain at the Fed, likely enough...

  • progress@ April 22- Latin American currencies weakened in quiet trade on Monday, and most while most regional stock indexes tracked Wall Street lower, pension reform optimism helped Brazil stocks retrace earlier losses to end flat. Brazil's real also turned lower against the dollar, with a closely watched survey showing that economists continue to slash...

  • Chicago Board of Trade May wheat settled down 8-1/ 2 cents at $4.35-3/ 4 per bushel after dipping to $4.35-1/ 4, its lowest since March 12. CBOT May corn ended down 3-3/ 4 cents at $3.54-3/ 4 a bushel and May soybeans fell 3-1/ 2 cents to $8.77 a bushel. A year ago, the USDA rated just 31% of the crop as good to excellent.

  • HOUSTON, April 22- Chevron Corp has told Petrobras it wants proof a Pasadena, Texas, refinery will function as promised before it will take possession of the facility, Gulf Coast market sources said. Chevron announced in January it would buy the 112,229 barrel-per-day Pasadena Refining System Inc refinery owned by Petrobras for $350 million.

  • TORONTO, April 22- The Canadian dollar strengthened against its U.S. counterpart on Monday as oil prices jumped to fresh multi-month highs, while investors awaited an interest rate decision this week from the Bank of Canada. The price of oil, one of Canada's major exports, rose to its highest since October on growing concern about tight global supplies after the...

  • April 22- Appliances maker Whirlpool Corp reported a more than five-fold jump in quarterly profit on Monday, largely due to price increases and a tight rein on costs. Net earnings available to Whirlpool rose to $471 million, or $7.31 per share, in the first quarter ended March 31 from $94 million, or $1.30 per share, a year earlier. Net sales fell to $4.76 billion from...

  • Trade Representative Robert Lighthizer said on Monday that his agency's general counsel, Stephen Vaughn, will depart the Trump administration in coming weeks and be replaced by veteran Washington lawyer Joseph Barloon. Vaughn "has played a central role in shaping and implementing the president's trade policies, especially related to China and the World...

  • NEW YORK, April 22- U.S. stocks ended a low-volume trading session little changed on Monday, as investors stayed on the sidelines ahead of quarterly earnings reports from major companies.

  • April 22- Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round of funding. The Beijing- based coffee chain set a placeholder amount of $100 million to indicate the size of the IPO and did not disclose the...

  • BRASILIA, April 22- Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week. The survey was released a day before the Congressional Constitutional and Legal Affairs Committee is...

  • NEW YORK, April 22- The dollar edged lower against a basket of currencies in thin holiday-impacted trading on Monday, while a jump in the price of oil on news Washington plans to tighten a clampdown on Iranian oil exports in May boosted the Canadian dollar and the Russian ruble. Financial markets in Australia, Hong Kong and many major countries in Europe were...

  • April 22- Herman Cain, facing resistance from his own political party, has withdrawn from consideration for a seat on the Federal Reserve Board, U.S. Cain has been a public advocate of many of Trump's policies, as has Stephen Moore, a fellow at the conservative Heritage Foundation think tank, who Trump has also said he wants to nominate for one of two vacant seats on...

  • settled up 0.2 cent, or 0.26 percent, at 78.47 cents per lb. *It traded within a range of 78.03 and 78.84 cents per lb. * "Uneven weather and heavy rains in southeast has been making it very hard to get any cotton plantation progress in these areas," said Jack Scoville, vice president at Price Futures Group in Chicago, adding that a weaker dollar was supporting prices as well.

  • *U.S. to end all waivers for Iran oil imports. *Iran says in touch with partners on waivers. "Most, if not all, legitimate commercial interests will avoid Iran oil purchases.

  • *U.S. aims to cut Iran oil exports to zero. *White House says working with Saudi Arabia, UAE to ensure supply. Eight economies, including China and India, were granted waivers for six months, and several had expected those exemptions to be renewed.