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CNBC Utilities Page Wires

  • May 23- New Jersey Governor Phil Murphy signed several bills on Wednesday to advance the state's clean energy goals, including a controversial bill that would subsidize the continued operation of nuclear power plants, which generate electricity without producing carbon emissions.

  • SEATTLE, May 23- United Parcel Service Inc will begin charging an extra $150 next month to handle oversized packages and pallets, along with a new charge for packages with mislabeled dimensions, the company said on Wednesday. "It's not a revenue-generating charge, its something we have increased regularly over time to encourage customers to ship through the UPS...

  • SINGAPORE, May 23- Sinopec, Asia's largest refiner, will boost U.S. crude oil imports to an all-time high as China tries to reduce its trade deficit with the United States, two sources with knowledge of the matter said on Wednesday. China has pledged to buy more U.S. goods to reduce the huge trade deficit with the United States and help ease the threat of a trade war...

  • NEW YORK, May 23- General Electric Co cannot guarantee its 2019 dividend and is still fixing its power and capital units, Chief Executive John Flannery said on Wednesday, sending the stock down more than 5 percent. "We have to see how this plays out," he told analysts at the annual Electrical Products Group conference in Florida. GE shares were down 6.9 percent at...

  • NEW JERSEY GOVERNOR SIGNS BILL TO SUBSIDIZE NUCLEAR POWER PLANTS TO FURTHER GREENHOUSE GAS REDUCTION GOALS.

  • Airlines for America, a trade group that represents most major U.S. carriers, forecast Wednesday that 246.1 million passengers— about 2.7 million a day— will fly on a U.S. airline between June 1 and Aug. 31. The group's chief economist, John Heimlich, credits a strong economy, rising household net worth, and low fares. The CEOs of American Airlines and United Airlines...

  • *Talk of sanctions on Iran, lower Venezuelan supply support. *Possible lift of OPEC supply curbs could undermine rally. NEW YORK, May 23- Oil benchmarks fell on Wednesday after an unexpected build in U.S. crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to cover any shortfalls in supply from Iran...

  • WASHINGTON, May 23- A leading U.S. bank regulator on Wednesday said banks should consider offering more short-term, small-dollar loans, inviting the industry to engage in lending it had once actively discouraged. The new guidance from the Office of the Comptroller of the Currency makes explicit that the regulator would be open to banks offering such...

  • UBER HAS SHUT DOWN SELF-DRIVING CAR OPERATIONS IN ARIZONA FOLLOWING FATAL CRASH IN MARCH- ARS TECHNICA.

  • UBER SAYS NOT SHUTTING DOWN SELF-DRIVING CAR PROGRAM IN OTHER CITIES- ARS TECHNICA.

  • UBER AIMS TO RESUME TESTING IN PITTSBURGH THIS SUMMER - ARS TECHNICA.

  • LONDON, May 23- United Company Rusal resumed shipping aluminum to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said. The U.S. Treasury Department moved its deadline for U.S. consumers to wind down business with Rusal to Oct. 23 from June 5 previously and said...

  • LONDON, May 23- United Company Rusal resumed shipping aluminium to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said. The U.S. Treasury Department moved its deadline for U.S. consumers to wind down business with Rusal to Oct. 23 from June 5 previously and...

  • WASHINGTON, May 23- Sales of new U.S. single-family homes fell less than expected in April amid a rise in transactions in the South and Northeast, and data for the prior three months was revised lower, suggesting the housing market was struggling to regain momentum. "New home sales are not showing signs of headlong retreat, so we know that higher interest rates have...

  • CHICAGO, May 23- U.S. beef packers including Tyson Foods Inc and Cargill Inc are racking up historically high margins, thanks to slumping cattle prices amid a supply glut and as Americans turn to beef for their backyard summer barbecues. "I think the consumer in the next 90 days is going to have a big opportunity to probably buy some beef fairly cheap," said Pete Bonds,...

  • May 23- Lowe's shares rose 10 percent on Wednesday as billionaire hedge fund manager Bill Ackman was reported to be the second major investor to reveal a $1 billion stake in the home improvement retailer. m o d= s e a r c h r e s u l t s& p a g e= 1& p o s= 1 that Ackman's Pershing Square Capital Management LP had disclosed a roughly $1 billion stake in the company at a conference on...

  • *Trump seeks new "structure" for U.S.- China trade deal. May 23- U.S. stocks fell on Wednesday as President Donald Trump's latest comments fueled skepticism over U.S.- China trade talks and ahead of a Federal Reserve report that could indicate the pace of future rate hikes. "It's little bit of carry through from yesterday when Trump spoke about trade and that there...

  • It appears to be the first official cost estimate for the customs arrangement known as "max fac" or "maximum facilitation," and could be a setback for supporters such as Foreign Secretary Boris Johnson who favor a clean break with the EU after Britain leaves the bloc next year. Prime Minister Theresa May has pledged to take Britain out of the customs union with the EU,...

  • ISTANBUL, May 23- Turkey's central bank hiked interest rates by 300 basis points on Wednesday, taking decisive action to put a floor under the cratering lira currency and win back investor confidence shaken by interventions from President Tayyip Erdogan. The central bank, which was due to hold its next policy-setting meeting on June 7, said it had met as an...

  • TORONTO/ KIEV, May 23- Hackers have infected at least 500,000 routers and storage devices in dozens of countries, some of the world's biggest cyber security firms warned on Wednesday, in a campaign that Ukraine said was preparation for a future Russian cyber attack. Ukraine's SBU state security service said the activity showed Russia was readying a large-scale...