CNBC Utilities Page Wires

  • LONDON, Oct 15- Hedge fund managers have continued to take profits on their bullish positions in crude oil as the late summer rally has faded and fears about oil consumption and the state of the economy have replaced concerns over sanctions on Iran. The earlier bullishness was driven mostly by concerns about a possible shortage of crude oil once U.S. sanctions on...

  • Oct 15- Cloud communications provider Twilio Inc said on Monday it would buy email technology firm SendGrid Inc in an all-stock deal valued at about $2 billion. Startups such as Airbnb Inc and Lyft Inc use the service to send text message notifications to users, for example. Firms such as Uber Technologies Inc and Spotify Technology SA use SendGrid's services.

  • Are you worried the U.S.- China trade conflict will affect your business? Is the U.S.- China trade conflict affecting your business? If you have an export base in China, are you considering moving your business out of China?

  • SHANGHAI, Oct 16- China will soon host a huge trade fair to highlight its commitment to free trade and show off its willingness to import, but skeptical foreign businesses and diplomats say they want to see concrete policy changes to improve market access. The U.S. embassy in China declined to comment. The expo was a "broadly positive gesture" that China wants to...

  • *Some, albeit small proportion, may shift output out of China. TOKYO, Oct 16- The number of Japanese companies affected by the U.S.-Sino trade war has jumped to a third, soaring from just 3 percent in May with firms fretting about prospects for their exports from China as well as slower Chinese demand, a Reuters poll found. The survey also showed 53 percent of firms were...

  • REUTERS POLL: 33 PCT OF JAPAN FIRMS SAY BUSINESS AFFECTED BY THE U.S.- CHINA TRADE WAR, COMPARED WITH JUST 3 PCT IN MAY.

  • LONDON, Oct 16- Cryptocurrency exchange Coinbase has opened an office in Dublin, it said on Tuesday, joining the growing ranks of banks and financial firms with major British businesses developing European Union outposts as Britain's exit from the bloc looms. San Francisco- based Coinbase, one of the biggest U.S. exchanges, said the Dublin office would let it keep...

  • RIO DE JANEIRO, Oct 15- Brazil's far-right presidential front-runner Jair Bolsonaro could revise the country's model of production-sharing contracts in its coveted pre-salt oil fields if he wins this month's election, newspaper Valor reported on Monday. Brazil's production-sharing contract model for its pre-salt oil fields was rolled out by the leftist...

  • VULCAN INC, ON BEHALF OF THE ALLEN FAMILY, SAYS PAUL ALLEN, 65, DIED ON MONDAY AFTERNOON, FROM COMPLICATIONS OF NON-HODGKIN'S LYMPHOMA IN SEATTLE.

  • VULCAN INC, ON BEHALF OF THE ALLEN FAMILY, ANNOUNCES DEATH OF FOUNDER PAUL G. ALLEN.

  • *MICROSOFT CO-FOUNDER PAUL ALLEN IS DEAD AT 65, A STATEMENT FROM HIS FAMILY SAYS- CNBC Source text: https://cnb.cx/2IWBgom Further company coverage:.

  • BRASILIA, Oct 15- Brazil's far-right presidential candidate Jair Bolsonaro maintained a wide lead over his leftist rival Fernando Haddad in the second election poll looking at voter intentions for the Oct. 28 run-off vote, according to a survey published on Monday. The Ibope poll showed that Bolsonaro had 59 percent of voter support, compared to Haddad's 41...

  • MICROSOFT CO-FOUNDER PAUL ALLEN IS DEAD AT 65, A STATEMENT FROM HIS FAMILY SAYS- CNBC.

  • SEOUL, Oct 15- The two Koreas agreed on Monday to begin reconnecting rail and road links, another step in an improving relationship in spite of U.S. concerns that the rapid North-South thaw could undermine efforts to press North Korea to give up its nuclear weapons. The agreement on transport links came during talks in the border village of Panmunjom aimed at...

  • Oct 15- Alphabet Inc's Google on Monday became the latest company to say it would boycott a business conference in Saudi Arabia, after the disappearance of prominent Saudi journalist Jamal Khashoggi in Turkey. Google said in a statement that Google Cloud Chief Executive Diane Greene would not attend the Future Investment Initiative Summit to be held in...

  • WASHINGTON, Oct 15- Indal Technologies, a unit of Curtiss-Wright Corp, has agreed to pay $3.5 million to resolve allegations that it knowingly sold defective military equipment to the U.S. Navy, the U.S. Justice Department said on Monday. Indal Technologies allegedly substituted a less-expensive type of steel used in helicopter landing systems for U.S. Navy...

  • Oct 15- President Donald Trump's administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday, citing U.S. Department of Interior Secretary Ryan Zinke. The move would help fossil fuel producers ship their products to Asia and circumvent environmental concerns in...

  • PARIS, Oct 15- France's Safran has improved the design of its Silvercrest engine to prevent a repeat of factory delays and plans further testing in the second quarter of next year to confirm the breakthrough, the head of its engines division told Reuters on Monday. "NetJets is the market leader and gives a great deal of credibility to the aircraft and the engine,"...

  • SAO PAULO, Oct 15- Brazilian airline Gol Linhas Aéreas Inteligentes SA on Monday announced a plan to buy out minority shareholders in its loyalty program Smiles Fidelidade SA for an undisclosed price, battering the unit's shares and prompting regulatory scrutiny. Gol said the plan was aimed at cutting costs, improving corporate governance, and removing the...

  • Oct 15- A group of young Americans suing the federal government over lack of action to fight climate change can proceed with their lawsuit, but U.S. District Judge Ann Aiken in Eugene, Oregon, came before the case is scheduled to go to trial in federal court on Oct. 29. The original lawsuit had named President Barack Obama as a defendant.