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CNBC Utilities Page Wires

  • PHIPPSBURG, Maine— Tourism businesses from Maine to Missouri are turning to Puerto Ricans as they deal with red tape and visa limits on foreign workers. The Department of Homeland Security on Friday announced an additional 15,000 visas but it'll take weeks to get the paperwork sorted. Sebasco Harbor Resort, in Phippsburg, Maine, hired a half-dozen Puerto Ricans...

  • MILAN, May 27- The eurosceptic professor whom Italy's would-be coalition partners want as their economy minister sought on Sunday to allay concerns about his views on the European Union, which have held up the formation of a government. President Sergio Mattarella has so far refused to accept 81- year-old economist Paolo Savona for the pivotal post, stymieing...

  • DETROIT— The last train left Michigan Central Station 30 years ago and it has stood vacant ever since, a hulking embodiment of Detroit's long decline from America's manufacturing engine to its biggest municipal bankruptcy. "We expect to grow our presence in Detroit and will share more details in the future," Ford spokeswoman Dawn Booker told The Associated...

  • BENGHAZI, Libya, May 27- Production at Libya's Arabian Gulf Oil Company has returned to normal levels at 250,000 barrels per day after output losses caused by power supply problems because of high temperatures, an official from the company said on Sunday.

  • *Weak property stocks hits Dubai shares. *First Abu Dhabi Bank declines after last week's gains. DUBAI, May 27- Saudi stocks slid below a key barrier on Sunday, hurt by the latest drop in oil prices and concerns over valuations of blue-chip companies, while property and banking shares slipped in Dubai and Abu Dhabi after big gains last week.

  • RIYADH, May 27- Saudi Arabia's Red Sea Project, a vast tourist development aimed at opening the economy, has been registered as a standalone company and will be headed by a former director of London's Canary Wharf business zone, the country's sovereign wealth fund said on Sunday. PIF has two other major initiatives: NEOM- a $500 billion business and industrial zone...

  • Chrusciel and Granite City are among the winners as the Trump administration fights a multi-front war to reshape U.S. trade policy. "These are jobs you can raise a family on," said Granite City Mayor Ed Hagnauer. They are popular in Granite City, but problematic in other communities.

  • DUBAI, May 27- Abu Dhabi- based Gulf Capital aims to invest $350 million over the next two years in areas such as consumer-led sectors and renewable energy, in a shift away from oil and gas and infrastructure. Gulf Capital sees opportunities in Saudi Arabia, where the government is creating an entertainment industry, including cinemas and a resort far bigger than...

  • LONDON, May 27- London's Stansted airport delayed, diverted and cancelled some flights after a lightning strike on an aircraft fuelling system during storms that unleashed more than 64,000 thunderbolts. Stansted is London's third-busiest airport and is a key hub for the discount airline Ryanair, which said that its customers could get a full refund.

  • BEIJING, May 27- Qualcomm Inc is expecting to meet this week in Beijing with China's antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV, three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.- China trade tensions, with sources saying an approval would...

  • WASHINGTON, May 27- Two U.S. Navy warships sailed near South China Sea islands claimed by China on Sunday, two U.S. officials told Reuters, in a move likely to anger Beijing as President Donald Trump seeks its continued cooperation on North Korea. The U.S. officials, speaking on the condition of anonymity, said the Higgins guided-missile destroyer and the Antietam, a...

  • EXCLUSIVE-TWO U.S. NAVY WARSHIPS CARRIED OUT "FREEDOM OF NAVIGATION" OPERATION NEAR ISLANDS CLAIMED BY CHINA IN SOUTH CHINA SEA- U.S.

  • RIYADH, May 27- Bahrain sees no resolution in sight to a diplomatic row between Qatar and its neighbours, which cut diplomatic and trade ties with the tiny Gulf Arab state nearly a year ago. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed travel and trade ties with Qatar last June, alleging it was backing Iran and supporting terrorism.

  • BEIJING, May 27- Qualcomm Inc is expecting to meet this week in Beijing with China's antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV, three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.- China trade tensions, with sources saying an approval would...

  • RIYADH, May 27- Saudi Arabia's finance ministry sold 3.95 billion riyals of domestic sukuk in its monthly sale by re-opening an issue originally made last month, the ministry said. It sold 3.35 billion riyals of five-year sukuk, 350 million riyals of seven-year and 250 million riyals of 10- year. Last month, the ministry sold 5.0 billion riyals of domestic sukuk.

  • BEIJING, May 27- Profits earned by Chinese industrial firms in April rose at their fastest pace in six months, data from the National Bureau of Statistics showed on Sunday, as factories benefited from higher prices and strong demand. The data suggests China's industrial sector is still seeing solid growth momentum despite curbs on pollution and rocky trade...

  • SEOUL, May 27- North and South Korea are discussing a possible non-aggression pledge by the United States to the North and a start of peace treaty talks to address Pyongyang's security concerns before a North Korea-U.S. summit, a senior South Korean official said on Sunday. South Korean President Moon Jae- in and North Korean leader Kim Jong Un held a surprise...

  • BEIJING, May 27- Profits earned by China's industrial firms rose 21.9 percent in April from a year earlier, quickening from the previous month, the statistics bureau said on Sunday. Profits in April rose to 576 billion yuan, the National Bureau of Statistics said on its website. For the first four months of the year, industrial profits increased by 15 percent from a...

  • President Donald Trump said on Saturday he was still looking at a June 12 summit with North Korean leader Kim Jong Un in Singapore, adding that talks were progressing very well. "We're doing very well in terms of the summit with North Korea," Trump said at the White House. So we're looking at June 12th in Singapore.

  • POLICY TOWARD VENEZUELA REMAINS UNCHANGED.