CNBC Utilities Page Wires

  • "Facebook is ignoring its duty to provide a safe workplace and instead creating a revolving door of contractors who are irreparably traumatized by what they witnessed on the job," Korey Nelson, a lawyer for former Facebook contract employee Selena Scola, said in a statement on Monday. Scola worked at Facebook's offices in Menlo Park and Mountain View, California,...

  • *The most active soybean futures on the Chicago Board of Trade were down 0.2 percent at $8.39-1/ 2 a bushel, as of 0100 GMT, near the session low of $8.37-1/ 4 a bushel- the lowest since Sept. 20. *The USDA said harvesting of U.S. soybeans was 14 percent complete, slightly ahead of market. *China decided not to send Vice Premier Liu He to Washington this week, The Wall Street...

  • LONDON, Sept 24- Hedge fund managers made only minor adjustments to their overall position in petroleum futures and options in the latest week but continued their rotation out of West Texas Intermediate into Brent. Fund managers are betting the introduction of sanctions on Iran will result in a shortage of seaborne crude on international markets even while...

  • LONDON, Sept 24- Belgian zinc producer Nyrstar issued a profits warning last week, citing "adverse market conditions." London Metal Exchange zinc hit an 11- year high of $3,595.50 per tonne in February. It is currently trading at $2,525 after touching a two-year low of $2,283 in August.

  • LONDON, Sept 24- Eleven years ago, on Monday Sept. 24, 2007, the price of Brent crude closed just below $79 per barrel, not far from where it is today. Three days later, Brent closed above $80 for the first time in history. The U.S. economic cycle peaked in December 2007, though that was not evident until about a year afterwards, and oil prices continued rising for another...

  • TOKYO, Sept 25- Asia stocks struggled on Tuesday as the latest round of U.S.- China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1 percent.

  • *OPEC, Russia so far resist calls to raise output. Oil markets have been driven up by looming U.S. sanctions against Iran and an unwillingness or inability by Middle East dominated producer cartel OPEC and Russia to raise output. The United States from November will target Iran's oil exports with sanctions, and Washington is putting pressure on governments and...

  • NEW YORK, Sept 24- The head of the main U.S. agency for aiding developing country infrastructure projects said on Monday the ability to extend funding for such investments is expected to double if new legislation is approved by the U.S. Congress. Ray Washburne, president of the Overseas Private Investment Corp, told Reuters that the inclusion of the "Build Act" into...

  • Federal Reserve Today in Washington. 25- Sep United States Sale of 2- year floating rate notes 25- Sep United States Sale of 5- year notes 25- Sep United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2048 25- Sep Italy Zero coupon/BTPi auction 25- Sep Netherlands DSL Auction 26- Sep Germany Auction of 5- year Federal notes 26- Sep Italy Bills auction 26-...

  • LONDON- Participation by ECB chief economist Peter Praet in opening keynote dialogue at FT Investment Management Summit Rebalancing Return and Risk Amid Global Recovery in London 0810 GMT. LONDON- Guest talk by ECB chief economist Peter Praet at an event organized by InTouch Capital Markets in London 1330 GMT. LONDON- Member of the Prudential Regulation...

  • SHANGHAI, Sept 25- China is building a nationwide system to monitor the income and expenditure of local governments in a bid to control debt, the official China Daily reported on Tuesday, citing finance ministry officials. It is now establishing a budget performance evaluation and management system that will supervise all investment and financing...

  • Sept 24- Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday. Billionaire Lampert, who also runs hedge fund ESL Investments Inc, said the 125-...

  • LONDON, Sept 24- Prime Minister Theresa May and her ministers have agreed to focus Britain's post-Brexit migration system on high-skilled migrants and will not offer preference to European Union workers, newspapers said. Last week, official advisers recommended prioritizing high-skilled migrant workers coming to Britain after Brexit, alarming...

  • DETROIT— The government says a Florida company will spend more than $6 million in penalties and repair costs for selling computer software that disables automotive emissions controls. The Justice Department and Environmental Protection Agency say that Derive Systems of Sanford, Florida, sold 363,000 products that violated the Clean Air Act.

  • TOKYO, Sept 25- Japan and the United States postponed their second round of trade talks in New York to Tuesday from Monday, a Japanese official said, amid concerns in Tokyo that Japan will face greater pressure to reduce the bilateral trade imbalance. Japan is hoping to avert any import curbs and potentially steeper U.S. import tariffs on its cars, and fend off U.S....

  • WASHINGTON— The Trump administration says it has approved the sale to Taiwan of $330 million in spare parts and related support for Taiwan's F-16 fighters and other military aircraft. China opposes all U.S. military sales to Taiwan. Taiwan split with the mainland in 1949, but China claims it as part of its territory and has threatened to invade if necessary to...

  • WASHINGTON, Sept 24- The U.S. State Department has approved the possible sale to Taiwan of spare parts for F-16 fighter planes and other military aircraft worth up to $330 million, the Pentagon said on Monday. U.S. military sales to self-ruled Taiwan, which China claims as its sacred territory under its "one China" policy, is an irritant in the relations between the...

  • NEW YORK— Ernst& Young was slapped Monday with a second sexual harassment complaint in less than year describing a culture of discrimination and lewd behavior toward women at the accounting company. Karen Ward, a former partner with EY, said her supervisor routinely commented her breasts, suggested she should accompany him to strip clubs and texted her at 2 a.m....

  • CHARLESTON, S.C./ RALEIGH, N.C., Sept 24- T housands of people in and around the city of Georgetown, South Carolina, were urged to evacuate on Monday as two rivers gorged with rain from long-departed Hurricane Florence will flood the area this week. More than 10 days after the storm made landfall and killed 46 people mostly in North Carolina, several rivers throughout...

  • SAO PAULO, Sept 24- Brazil's far-right presidential candidate Jair Bolsonaro, who remains hospitalized after being stabbed in an assassination attempt this month, maintained his lead for the first-round vote in less than two weeks, but the Workers Party candidate Fernando Haddad closed the gap in recent days, a poll showed on Monday. Haddad has 22 percent...