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CNBC Utilities Page Wires

  • NEW YORK— The Daily News will cut half of its newsroom staff, saying it will focus more on digital news. The paper was sold to tronc Inc. last year for $1, with the owner of the Chicago Tribune assuming liabilities and debt. In an email sent to staff Monday, tronc said staff at the Daily News will focus on breaking news involving "crime, civil justice and public...

  • NEW DELHI— Facing the threat of U.S. oil sanctions on Iran, India continued to rely on Iraq as its top oil supplier in the April-June quarter, followed by Iran and Saudi Arabia. Petroleum Minister Dharmendra Pradhan says India bought 7.27 million metric tons of oil from Iraq, 5.67 million tons from Iran and 5.22 million tons from Saudi Arabia during the three-month...

  • US 30- YEAR TREASURY BONDS EXTEND PRICE LOSSES TO A FULL POINT, YIELDS RISE TO 3.08 PCT.

  • July 23- Oilfield services provider Halliburton Co on Monday reported a sharp increase in quarterly revenue, but its shares fell by more than 6 percent as investors eyed growing pipeline constraints in the Permian Basin. Societe Generale analyst Edward Muztafago said Halliburton's second quarter was less about the earnings number and more about worries...

  • *ITW slumps after cutting FY profit forecast due to dollar. *LifePoint Health surges on $5.6 bln deal. July 23- U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict between the United States and China.

  • July 16 (Reuters)- Wheaton Precious Metals Corp, the world's largest silver streaming company, said on Monday it would buy all of the gold assets from Sibanye Gold Limited's Stillwater and East Boulder mines in Monatana. Vancouver, Canada- based Wheaton said it will make ongoing payments equal to 18 percent of spot gold and palladium prices until it reaches the...

  • GETTYSBURG, Pa. _ ACNB Corp. on Monday reported second-quarter earnings of $5.5 million. ACNB shares have climbed 16 percent since the beginning of the year. Access a Zacks stock report on ACNB at https://www.zacks.com/ap/ACNB.

  • SUDDEN EXIT: Fiat Chrysler Automobiles slid 2.9 percent to $18.76 on news that CEO Sergio Marchionne has been replaced unexpectedly due to complications from shoulder surgery last month. Boards also named replacements for Marchionne as Ferrari CEO and CNH Industrial chairman. Shares in Ferrari fell 5.1 percent to $132.91, while CNH Industrial gave up 1.3...

  • NEW YORK— Less than year after acquiring the Daily News, Tronc to cut staffing in the New York tabloid's newsroom in half.

  • WASHINGTON— U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline as higher prices and a relative lack of inventory has sidelined many would-be buyers. The National Association of Realtors said Monday homes sold last month at a seasonally adjusted annual pace of 5.38 million in May. Sales of entry-level homes worth less than...

  • LONDON, July 23- Doctor Copper has been having a rough time over the last few weeks. In London the price of copper for three-month delivery fell through the $6,000 per tonne level last week for the first time since July 2017. The Wednesday low of $5,988 per tonne marked a near 19- percent price implosion from June's high of $7,348.

  • WASHINGTON— US sales of existing homes fell 0.6 percent in June, 3rd straight monthly decline amid high prices, limited inventory.

  • NEW YORK DAILY NEWS CUTS HALF OF ITS STAFF - NBC NEWS.

  • U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers. The National Association of Realtors said on Monday existing home sales fell 0.6 percent to a seasonally adjusted annual rate of 5.38 million units last month.

  • OTTAWA, July 23- Canada's economic growth is strong and some housing market vulnerabilities have improved, but trade policy is a big risk to the outlook and the government should reform taxes to boost corporate competitiveness, the OECD said on Monday. The Paris- based Organisation for Economic Co-operation and Development said while GDP growth is projected...

  • OTTAWA, July 23- Canada's economic growth is strong and some housing market vulnerabilities have improved, but trade policy is a big risk to the outlook and the government should reform taxes to boost corporate competitiveness, the OECD said on Monday. The Paris- based Organisation for Economic Co-operation and Development said while GDP growth is projected...

  • July 23- Shares of Papa John's International Inc fell 8 percent on Monday after the Pizza chain said it would implement a "poison pill" stock dilution that would act against any move by founder John Schnatter to take a bigger stake. One highly-rated Wall Street analyst on Papa John's, Stifel's Chris O'Cull, cut his rating on the stock to "sell," from "hold," saying that the...

  • LONDON, July 23- Russian companies are increasingly borrowing on rouble debt markets rather than selling Eurobonds, driving sales sharply higher this year but fears are growing that another round of U.S. sanctions will undercut the boom. The market has boomed since 2014, a major catalyst being the West's move that year to prevent a host of Russian companies,...

  • *Trump's comment on Iran spurs safe-haven bid for yen. NEW YORK, July 23- The yen strengthened broadly on Monday following a Reuters report that the Bank of Japan was debating moves to scale back its massive monetary stimulus, spurring bids for the Japanese currency. "The market may be too complacent that the BOJ would be in this easy policy mode forever," said Omer...

  • NEW YORK— The latest on developments in financial markets:. Nvidia fell 1.8 percent and Amazon lost 1.4 percent early Monday. Tesla dropped 5.7 percent after the Wall Street Journal reported that the company is seeking rebates from suppliers in order to raise cash.