CNBC Utilities Page Wires

  • Oct 22- British chip designer Arm Holdings Chief Executive Officer Simon Segars has pulled out of the Saudi Arabia investment conference this week, a source familiar with the matter told Reuters on Monday. Bloomberg reported earlier on Monday that SoftBank Chief Operating Officer Marcelo Claure will not be attending the Saudi Arabia investment conference...

  • MILAN, Oct 22- Gilberto Benetton, one of the co-founders of the Italian clothing retailer Benetton Group, has died, sources with knowledge of the matter said on Monday.

  • In a conference call with reporters, Natalie Jaresko, the board's executive director, noted an "ongoing lack of political will" to implement certain measures, such as changes to labor laws to make Puerto Rico an at-will employment jurisdiction. "Until the government commits to more ambitious structural reforms, Puerto Rico would not be able to overcome all of the...

  • NEW YORK, Oct 22- Gregory Baron, 24, and Ben Nelson, 27, on Monday were eagerly purchasing $2 tickets for the Mega Millions jackpot in hopes of winning the record-setting $1.6 billion prize and becoming among the richest people in the world. "I would incorporate myself as a business and become my own company," Baron said inside the Port Authority Bus Terminal in...

  • HAVANA, Oct 22- CEIBA Investments, a fund that owns stakes in hotels and commercial property across Cuba, said on Monday it raised $39 million on its first day of trading on the London Stock Exchange and will use the money to expand its business on the island. This is Aberdeen Standards first experience of managing investment in Cuba, a country seen by investors as...

  • TOTAL SA CEO PATRICK POUYANNÉ SAYS WAS INVITED TO ATTEND SAUDI ECONOMIC FORUM; HAD TOLD THAT I WOULD ATTEND, AND I WISH TO FULFILL THAT COMMITMENT.

  • TOTAL CEO TO ATTEND SAUDI INVESTMENT CONFERENCE - FT.

  • ATHENS, Oct 22- Greece's largest carrier Aegean Airlines picked U.S. engine maker Pratt& Whitney to power up to 62 Airbus A320neo aircraft, the carrier said on Monday. Aegean Airlines reached an agreement with European planemaker Airbus in March for the order of 42 aircraft worth $5 billion to renew its fleet of single-aisle planes and add capacity for future...

  • Oct 22- VR headset maker Oculus co-founder Brendan Trexler Iribe is leaving Facebook Inc, according to his post https://www.facebook.com/632138748/posts/10156690409218749 on the social media network on Monday. Iribe's departure follows the exits of Instagram co-founders Kevin Systrom and Mike Krieger last month. WhatsApp co-founders Jan Koum and...

  • Oct 22- Wells Fargo& Co will pay $65 million to settle claims stemming from an investigation into the lender's sales practices that saw it open fake accounts for customers to inflate sales metrics, the New York Attorney General's office said on Monday. "The misconduct at Wells Fargo was widespread across the bank and at every level of management impacting both...

  • NEW YORK, Oct 22- Gregory Baron, 24, and Ben Nelson, 27, on Monday were eagerly purchasing $2 tickets for the Mega Millions jackpot in hopes of winning the record-setting $1.6 billion prize and becoming among the richest people in the world. "I would incorporate myself as a business and become my own company," Baron said inside the Port Authority Bus Terminal in...

  • Netflix Chief Executive Reed Hastings has been explicit about the Los Gatos, California- based company's plan to fund content acquisition by raising debt. The move was very well telegraphed by Netflix, said John McClain, portfolio manager at Diamond Hill Capital, which is long in the debt, adding the debt raise "makes sense to us." Netflix in April sold $1.6 billion...

  • DUBAI, Oct 22- Saudi Arabia's monetary policy is to "preserve the stability" of the riyal's exchange rate, central bank governor Ahmed al-Kholifey told the newspaper Maal. The riyal is pegged at 3.75 to the dollar but the Saudi currency has come under pressure as a result of the killing of Jamal Khashoggi, a dissident journalist. Riyadh initially denied knowledge...

  • WAYNE, Mich., Oct 22- Ford Motor Co has seen higher steel and aluminum costs driven by trade tariffs bite into profit, but is hopeful the United States and China can avoid further tensions that could make things more costly, a top Ford executive said on Monday. While the United States reached a new regional trade agreement with Canada and Mexico late last month, the...

  • *Speculators cut net short position in week to Oct. 16. Spot gold fell 0.4 percent to $1,221.21 per ounce at 11:59 a.m. EDT, having hit a 2-1/ 2- month peak last week at $1,233.26 per ounce. "The strength of the dollar and the gold market's inability to trade above the 100 day moving average has given people the impression that gold has no chance of rallying," said Walter...

  • Asian stocks rose after China promised to stabilize its economy and offset the impact of U.S. tariffs. The U.S. dollar rose as the British pound fell on news that Brexit negotiations with the European Union over Northern Ireland remain in flux and as the euro continued its slide on political uncertainty over Italy's budget. Treasury yield curve flattened to its...

  • LONDON, Oct 22- Copper prices hit one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity. "The news from China is encouraging for metals," said Eugen Weinberg, analyst at Commerzbank. China is "multiplying its efforts to support the economy, and...

  • FRANKFURT, Oct 22- Euro zone banks expect further increases in loan demand in the fourth quarter but anticipate that the European Central Bank's policy shift will lead to a deterioration in market financing conditions, the ECB said in a survey of lenders on Monday. Banks still see a positive impact on liquidity from the ECB's 2.6 trillion-euro asset purchase...

  • WASHINGTON, Oct 22- The U.S. Securities and Exchange Commission said on Monday it temporarily suspended trading in shares of American Retail Group after the company claimed SEC approval as a custodian for cryptocurrency trading. Nevada- based American Retail Group, also known as Simex, Inc., claimed in August it had partnered with an SEC- qualified custodian for...

  • MEXICO CITY, Oct 22- Hurricane Willa strengthened to a rare category 5 storm on Monday as it barreled toward tourist spots on Mexico's Pacific coast, with landfall expected on Tuesday afternoon or evening, the U.S. National Hurricane Center said. "Willa is expected to be an extremely dangerous major hurricane when it reaches the coast of Mexico," the NHC said.