×

CNBC Utilities Page Wires

  • SYDNEY/ PARIS, May 25- U.S. wheat futures edged higher on Friday, putting the grain on track for a weekly gain of more than 3.5 percent as concerns about dry weather in key global producing regions kept prices near a 10- month high. The most active wheat futures on the Chicago Board Of Trade were up 1.4 percent at $5.37-1/ 2 a bushel at 1100 GMT, having closed down 0.1...

  • Apple has blocked the plans of the biggest distributor of PC-based video games to extend its reach into iPhones, according to the game distributor.

  • May 25- U.S. stock market futures steadied on Friday, helped by a measured response by North Korea to President Donald Trump's cancelling of a planned summit, while a slump in oil prices pressured energy stocks. North Korea said it was still open to talks with the United States, saying it hoped the "Trump formula" could resolve the standoff over its nuclear weapons...

  • MILAN, May 25- Shares in Italian aerospace and defense group Leonardo jumped on Friday after Canada said it planned to work with the company to refurbish its fleet of search-and-rescue helicopters. "Canada intends to carry out this project through a non-competitive process with the original equipment manufacturer, Leonardo," the Canadian government said.

  • 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.

  • ZURICH, May 25- LafargeHolcim will close its corporate offices in Paris and Zurich, eliminating 200 jobs as part of a cost-cutting drive, the world's largest cement maker said on Friday. It would also shutter its corporate office in Zurich, with operations moving to its site in Holderbank, to the west of the Swiss city. According to the plan, 107 jobs in the Zurich area...

  • *Political risk rears head in Spain. *Turkey lira resumes slide, dollar resumes rise. North Korea tensions aside, the appetite for risk was kept in check by concern over Italy's president opposing the incoming coalition government's plan to appoint a politically inexperienced eurosceptic as economy minister.

  • For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined regulatory filings detailing the pay packages of 339 executives. Equilar looked at companies in the Standard& Poor's 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30, 2018.

  • BRUSSELS, May 25- EU officials will probably not do much to enforce their borrowing rules on Italy's new government, but they are hoping they won't have to because financial markets will do the job for them. A new government is expected to take office in Italy next week, a coalition of the anti-establishment 5- Star Movement and far-right League, who have jointly...

  • GABORONE, May 25- Botswana's telecoms regulator said on Friday its order that mobile phone companies cut fees they charge rivals to use their network by 41 percent has been endorsed by a local court. The ruling comes after Mascom, the country's biggest telecoms company, filed a court application last July seeking to have the Botswana Communications Regulatory...

  • NEW YORK— The Latest on the sexual misconduct probe of film producer Harvey Weinstein:. Harvey Weinstein has arrived at a police station in New York where he is expected to surrender himself to face criminal charges in a sexual assault probe. Two law enforcement officials told The Associated Press the case includes a woman who has said Weinstein forced her to...

  • 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.

  • ST PETERSBURG/ DUBAI, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. OPEC began a discussion about easing production cuts following a critical tweet from Trump, OPEC's Secretary-General Mohammad Barkindo said.

  • *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.

  • Here are the highest-paid CEOs for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The AP's compensation study covered 339 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy statements between Jan. 1 and April 30. Compensation often...

  • NEW YORK— Chief executives at the biggest public companies got an 8.5 percent raise last year, eclipsing the wage gains for the typical worker and bringing the median pay package for CEOs to $11.7 million. The pay increase matches the bump that CEOs received in 2016, according to salary, stock and other compensation data analyzed by Equilar for The Associated...

  • *Italy- Germany spread at widest for 11 months. *Italy- Spain yield gap hits 100 bps for first time in six years. Meanwhile, the equivalent Italy- Spain 10- year spread, also watched by some investors as a measure of political risk in the bloc, hit 100 bps for the first time since January 2012.

  • PARIS, May 25- Paris is set to become a European financial markets hub as international banks look to the French capital to base some activities after Britain's departure from the European union, the head of France's central bank said on Friday. "In this respect, Paris has a lot of assets to become a major centre for corporate finance and innovation in Europe," he told...

  • NEW YORK, May 25- The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said. Sellers say that is due in no small part to the public's fascination with American actor Meghan Markle, who was engaged to Britain's Prince Harry last November and who married him in a...