CNBC Utilities Page Wires

  • U.S. CRUDE FUTURES FALL $2 TO SESSION LOW OF $63.14 A BARREL.

  • April 26- Canada's main stock index fell on Friday and was on track to end a four-week long rally, as energy shares declined on the back of falling oil prices. *At 9:35 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was down 33.26 points, or 0.2 percent, at 16,542.84. *Also pressuring the sector was a 4.5 percent drop in shares of Imperial Oil after the oil...

  • *Prices up about 40 pct in 2019 on OPEC cuts and U.S. sanctions. *Saudi Arabia expected to raise output to fill supply gap. Crude futures are up about 40 percent this year on markets tightened by an OPEC supply pact, sanctions on Venezuela and Iran as well as unreliable production in Libya.

  • April 26- A group of activist investors on Friday again urged Bed Bath& Beyond to replace Chief Executive Officer Steven Temares and laid out a plan including cost cuts and better inventory management to improve the retailer's profitability. The investor group, comprising Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC,...

  • April 26- U.S. stocks dipped on Friday, as technology shares took a hit from Intel's disappointing quarterly report, while investors assessed data that showed domestic growth was boosted by temporary factors in the first quarter. The Commerce Department said gross domestic product increased at a 3.2 percent annualized rate, lifted by trade and the largest...

  • *SEC sued Robert Carr over $4.3 bln Global Payments merger. The SEC accused Carr of repeatedly discussing merger talks with his partner Katherine Hanratty and writing a check so Hanratty, who had expressed worries about her finances, could buy $900,000 of Heartland stock before the merger was announced. Hanratty sold her stock for a $250,628 profit in April...

  • TORONTO, April 26- The Canadian dollar strengthened against its U.S. counterpart on Friday, following data that showed factors driving faster growth in the U.S. economy that are likely to be temporary. basket of currencies after release of the data, while the price of oil, one of Canada's major exports, retreated from its strongest bull run in at least a year amid...

  • ZURICH, April 26- Shareholders approved Credit Suisse's 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted. Three shareholder advisers had recommended investors vote against the remuneration report at...

  • *S&P currently has Italy at BBB with negative outlook. *Italy/ Germany yield gap hits 270.7 bps before tightening. LONDON, April 26- Italy's bond yield spread over Germany's briefly touched its widest level in two months on Friday before tightening decisively on bets that S&P Global will refrain from downgrading Italy at a scheduled ratings review.

  • EXXON SAYS ITS PERMIAN BASIN PRODUCTION REACHED 226 K BPD IN THE FIRST QUARTER, UP 19 PERCENT.

  • EXXON SAYS REFINING LOSSES DRIVEN BY LOWEST MARGINS IN A DECADE.

  • EXXON MOBIL SAYS IT IS ON TRACK TO REACH 1 MILLION BPD IN THE PERMIAN BASIN BY 2024.

  • *Spot gold neutral in $1,274- $1,284 range-analyst. Spot gold was up 0.4 percent at $1,282.37 per ounce at 1259 GMT, after hitting its highest since April 16 at $1,283.59. The metal, which reached its lowest since late December on Tuesday at $1,265.90, is up 0.5 percent so far this week, and is poised for its first weekly gain since March 22.

  • HOUSTON, April 26- Chevron Corp said on Friday first-quarter profits slid 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but the No. 2 U.S. oil and natural gas producer still topped forecasts. Shares of San Ramona, California- based Chevron rose slightly to $118.40 in pre-market trading.

  • *At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was down 35.92 points, or 0.22 percent, at 16,540.18.

  • OSLO, April 26- Finland's Fortum has freed up 310 million euros of cash previously used as collateral at Nasdaq's Nordic power exchange by replacing it with a bank bond, it said on Friday. The extra money helped lift Fortum's cash flow before financing activities, which rose to 918 million euros in the quarter from just 60 million euros a year ago, the company's...

  • April 26- U.S. stocks open little changed on Friday following a mixed batch of earnings, while investors assessed data that showed U.S. growth was boosted by temporary factors in the first quarter. The Dow Jones Industrial Average fell 7.46 points, or 0.03%, at the open to 26,454.62. The S&P 500 opened lower by 0.36 points, or 0.01%, at 2,925.81.

  • ROME, April 26- Italy's economic contraction may have bottomed out in the first months of 2019 but the outlook for the euro zone's third largest economy remains weak, national industry lobby Confindustria said on Friday. Italian gross domestic product fell 0.1 percent in each of the last two quarters of 2018, putting the economy in a shallow recession.

  • NEW YORK, April 26- U.S. Gross domestic product increased at a 3.2 percent annualized rate in the first quarter, the Commerce Department said in its advance GDP report released on Friday, versus the 2.0 percent estimated by economists polled by Reuters. "Offsetting the GDP growth was the GDP deflator, which was 0.9 percent," Stan Shipley, strategist at Evercore ISI,...

  • WASHINGTON, April 26- Ford Motor Co said on Friday the U.S. Justice Department has opened a criminal investigation into the automaker's emissions certification process in the United States, the latest company to come under scrutiny by U.S. officials. In January, Fiat Chrysler Automobiles NV agreed to an $800 million settlement to resolve claims by the U.S....