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CNBC Utilities Page Wires

  • SAN FRANCISCO, July 19- Meal delivery service DoorDash Inc has hired Uber Technologies Inc's head of finance to be its chief financial officer, positioning the startup closer to an initial public offering and dealing another executive loss to Uber. Before Uber, Prabir Adarkar, the new DoorDash CFO, worked on deals at Goldman Sachs, a bank that frequently leads...

  • Trump said Thursday at an event at the White House that the pledge will help train about 3.8 million students and workers for new jobs and rewarding careers. Some of the companies signing the pledge include IBM, Lockheed Martin and FedEx. Neither company was in attendance Thursday at the White House, where business executives signed a commitment to train...

  • SANTIAGO, July 19- A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike. Lumina is controlled by a partnership of JX Holding and Mitsui Mining. So the workers are determined to continue until the final consequences and to legally...

  • NEW YORK— Papa John's says it is already investigating and will take action if necessary as a report says founder John Schnatter oversaw a culture where women were subject to sexist behavior. The Forbes story Thursday follows a report by the magazine last week that said Schnatter used a racial slur during a media training session. Papa John's reiterated that it...

  • BRUSSELS, July 19- London's new Brexit minister said he was confident he could reach a deal, on his first trip to Brussels on Thursday as the EU warned business to get ready for Britain crashing out of the bloc without agreed terms to cushion the economic disruption. Brexit campaigner Dominic Raab, appointed to the government last week after his predecessor quit...

  • *OPEC pared production cuts in June- sources. Prices, which had strengthened on news of Saudi Arabia's planned export cuts, fell as the market's focus returned to potential oversupply as Saudi Arabia, Russia and other major producers continue to lift output. OPEC and non- OPEC producers cut oil output in June by 20 percent more than agreed levels, compared to 47...

  • WASHINGTON/ BUENOS AIRES, July 19- The financial leaders of the world's 20 biggest economies meet in Buenos Aires this weekend for the first time since long-simmering trade tensions burst into the open when China and the United States put tariffs on $34 billion of each other's goods. The United States will seek to convince Japan and the European Union to join it...

  • CLINTON, N.J. _ Unity Bancorp Inc. on Thursday reported second-quarter earnings of $5.4 million. The Clinton, New Jersey- based bank said it had earnings of 49 cents per share. Unity Bancorp shares have risen 25 percent since the beginning of the year.

  • WASHINGTON, July 19- The Republican-controlled Senate Finance Committee approved President Donald Trump's nominee to head the Internal Revenue Service on Thursday, despite Democratic opposition driven by a new Trump tax policy that protects "dark money" political donors. The panel voted 14-13 along party lines to back the confirmation of Beverly Hills tax...

  • NEW YORK, July 19- The U.S. yield curve flattened, close to levels not seen in 11 years, on Thursday as upbeat data on the jobs market and business activity reinforced the view of further interest rate increases from the Federal Reserve. Federal Reserve Chairman Jerome Powell's two-day testimony before Congress, which concluded on Wednesday, supported the curve...

  • NEW YORK, July 19- Blackstone Group LP, the world's largest manager of assets such as private equity and real estate, is kicking off a fundraising "super cycle" which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzman said on Thursday. Blackstone has faced questions from investors in recent years over how much...

  • Kimberly-Clark's European portfolio includes toilet paper brands Andrex in Britain and Ireland, Hakle in Austria and Switzerland and Scottex in Belgium, Italy and Spain. It was not immediately clear whether any potential divestment would also include the European licenses for brands sold both in Europe and elsewhere, such as Kleenex and Cottonelle, though...

  • NEW YORK, July 19- The U.S. yield curve flattened, close to levels not seen in 11 years, on Thursday as upbeat data on the jobs market and business activity reinforced the view of further interest rate increases from the Federal Reserve. Federal Reserve Chairman Jerome Powell's two-day testimony before Congress, which concluded on Wednesday, supported the curve...

  • NEW YORK, July 19- U.S. stocks slipped on Thursday after earnings disappointed and trade jitters intensified on fears that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials from the EU Trade Commission are said to be preparing a list of tit-for-tat trade actions in response to proposed U.S. tariffs on EU cars...

  • NEW YORK— Comcast's decision to drop its bid for Fox means Disney's $71 billion offer is likely to prevail. If Disney's deal goes through, X-Men and other movies from Fox's studios could be added to Disney's upcoming streaming service. Fox shareholders are set to vote on Disney's offer July 27.

  • NEW YORK/ LONDON, July 19- Gold sank to a one-year low on Thursday as the dollar rose after comments from Federal Reserve Chairman Jerome Powell that reaffirmed expectations more U.S. interest rate increases are on the way this year. Spot gold was down 0.3 percent at $1,223.15 per ounce its lowest since July 2017. delivery settled down $3.90, or 0.3 percent, at $1,224...

  • WASHINGTON, July 19- A decade of inaction by the U.S. Republican Party on climate legislation will end next week when one its own offers a carbon tax bill, which is sure to fail in the House of Representatives, but is notable for winning even a little Republican support. Representative Carlos Curbelo of Florida, a member of the House tax committee, said he will unveil...

  • WASHINGTON— Days after Maryland officials announced that an election service vendor was acquired by a company linked to a Russian oligarch, two congressmen are introducing legislation requiring that election systems vendors are owned and controlled by domestic companies. John Delaney, a Democrat, and Rep. The Protecting Election Systems from Foreign...

  • MEXICO CITY, July 19- Canadian Foreign Minister Chrystia Freeland will meet Mexican President-elect Andres Manuel Lopez Obrador and discuss NAFTA trade talks during a visit to the country on July 25, the Mexican foreign ministry said in a statement on Thursday. Freeland will also meet with outgoing President Enrique Pena Nieto as well as Mexico's economy and...

  • President Donald Trump on Thursday told CNBC that he was unhappy about the Federal Reserve's decision to hike interest rates, saying he was concerned about their potential impact on the U.S. economy and American competitiveness. "Im not thrilled," he said in an interview on the television network. Trump added that he was concerned that the Fed's rate hikes may put...