×

CNBC Utilities Page Wires

  • Alabama: O. B. Grayson Hall Jr., Regions Financial, $9.4 million. Arkansas: C. Douglas McMillon, Walmart, $22.8 million. Arizona: Richard C. Adkerson, Freeport-McMoRan, $16.2 million.

  • The typical CEO in the industry made $14.9 million last year, which means half earned more than that, and half made less. A look at the top and bottom-paid CEOs last year, by industry, as calculated by The Associated Press and Equilar, an executive data firm. Health care, median compensation of $14.9 million, up 10 percent from a year earlier.

  • *Can cut debt by $50 billion by axing mega projects. KUALA LUMPUR, May 26- Malaysia is haggling over the terms of a $14 billion rail deal with its Chinese partners and can reduce its ballooning national debts by $50 billion by doing away with mega projects, its prime minister said in an interview published on Saturday. The project was planned to stretch 688...

  • ISTANBUL, May 26- Turkish President Tayyip Erdogan called on Turks on Saturday to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency which has lost some 20 percent of its value against the U.S. currency this year. "My brothers who have dollars or euros under their pillow. We will thwart this game together, "Erdogan said at a...

  • TURKISH PRESIDENT ERDOGAN CALLS ON TURKS TO CONVERT DOLLAR, EURO SAVINGS INTO LIRA.

  • PORTLAND, Maine— A buyer with a penchant for vintage denim has plunked down nearly $100,000 for a pair of truly vintage jeans that come from the American Old West. The 125- year-old Levi Strauss& Co. blue jeans, which failed to sell at auction in 2016, now have a new owner somewhere in Southeast Asia. The denim was produced at a mill in New Hampshire, and the jeans were...

  • PARIS— Dozens of French labor unions, left-wing political parties and civil rights groups are calling for "floods of people" at demonstrations opposing the pro-business policies of French President Emmanuel Macron. Thousands of protesters were gathering in Paris on Saturday for an afternoon march being held under tight security. More than 1,500 police...

  • But as the high renaissance of craft beer in New England has thrived, Rhode Island has struggled to keep up— until now. Rhode Island saw a higher proportional increase in brewery licenses from 2016 to 2017 than any other state besides Oklahoma, according to federal data. "In Rhode Island, we have seen some improvements," Watson said.

  • In pointed remarks after an ill-tempered week of talks in Brussels, Michel Barnier insisted he would not be intimidated by what he called a "blame game" from London of accusing the EU of inflexibility in rejecting British demands for close cooperation on security, trade and other issues after Brexit. In the text of a speech 1/ 8...

  • YENAGOA, Nigeria, May 26- A fire broke out on an onshore oil rig in Nigeria's Niger Delta on Saturday, three witnesses told Reuters, adding that the fire was still burning as of noon. The barge rig, the Majestic, is operated by Nigerian oil firm Depthwize, according to the company's website. Depthwize did not immediately respond to a call and email seeking comment.

  • BRUSSELS, May 26- EU Brexit negotiator Michel Barnier warned Britain on Saturday that failing to agree a deal on the governance of a withdrawal treaty which preserves the primacy of the EU court would mean no treaty and no transition period. Barnier also described British delays in spelling out what kind of trade relationship London wants as "a game of hide and...

  • BERLIN— The European Union's budget commissioner says he hopes Italy's prospective new government will master a "big learning curve," and cautions that the eurozone's rescue fund wouldn't be able to stabilize the country. Law professor Giuseppe Conte is trying to form a government of two populist parties. EU budget chief Guenther Oettinger told Germany's...

  • YAVUZLAR, Turkey— Farmer Abdulkadir Cekic was already struggling to make a living, snowed under by a bank loan he took out for the purchase of a 130,000- euro harvesting machine. The lira has lost more than 20 percent of its value against the dollar since the start of the year, hurting many in Turkey, especially small business owners like Cekic who rely on imported...

  • BRUSSELS, May 26- EU Brexit negotiator Michel Barnier warned Britain on Saturday that failing to agree a deal on the governance of a withdrawal treaty which preserves the primacy of the EU court would mean no treaty and no transition period. In remarks prepared for delivery in Portugal, Barnier also described British delays in spelling out what kind of trade...

  • *Kenya adopted mobile money system in 2007. NAIROBI, May 25- Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account. As it was for mobile cash, Kenya is something of a test case for the new lending platforms.

  • *Kenya adopted mobile money system in 2007. NAIROBI, May 25- Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account. As it was for mobile cash, Kenya is something of a test case for the new lending platforms.

  • The incidents happened since April between the key commercial port of Veracruz and central Mexico. The state of Veracruz on Mexico's Gulf coast has suffered a wave of violence in recent years as drug cartels seeking to diversify their income streams branch into fuel theft and assaults on trains and trucks. Shares in the company's Grupo Mexico Transportes...

  • WASHINGTON— Newly released emails show senior Environmental Protection Agency officials working closely with a conservative group that dismisses climate change to rally like-minded people for public hearings on science and global warming, counter negative news coverage and promote Administrator Scott Pruitt's stewardship of the agency.

  • MELBOURNE, May 26- National Australia Bank on Saturday suffered what it described as a "nationwide outage" to some of its technology systems, leaving customers unable to access banking services or withdraw money. "We're sorry and it's not good enough... but we'll get it fixed as soon as possible," Chief Customer Officer Business and Private Banking Anthony Healy said...

  • The reported deal involving Chinas second-largest telecommunications equipment maker ran into immediate resistance in Congress, where Democrats and Trump's fellow Republicans accused him of bending to pressure from Beijing to ease up on a company that U.S. intelligence officials have suggested poses a significant risk to U.S. national security.