CNBC Utilities Page Wires

  • NEW YORK/ SAN FRANCISCO, Feb 22- Federal Reserve policymakers are coalescing around a plan to stop trimming their $4 trillion balance sheet later this year, remarks from three U.S. central bankers showed on Friday. "When we started the normalization journey, I promised that it would be the policy equivalent of watching paint dry and it certainly was, for over a year,"...

  • LONDON/ BOCA RATON, Fla., Feb 22- Mounting troubles at Kraft Heinz, revealed late on Thursday with a triple-punch of bad news, call into question its reliance on cost-cutting as a way to generate profit growth. Late on Thursday, it revealed a $15.4 billion write-down tied to its Kraft and Oscar Mayer brands, slashed its dividend by about a third and disclosed an SEC...

  • MOJAVE, Calif., Feb 22- A Virgin Galactic rocket plane on Friday soared to the edge of space with a test passenger for the first time, nudging British billionaire Richard Bransons company closer to its goal of suborbital flights for space tourists. Virgin Galactics chief astronaut instructor Beth Moses, who will train future space tourists, joined pilots onboard...

  • Feb 22- Intel Corp executives said on Friday that its modem chips will not appear in phones until 2020.. Intel's major customer for modem chips, which help phones connect to wireless data networks, is Apple Inc.. It is unclear whether Intel's timing on modem chips means that Apple will not have an iPhone with 5 G capabilities in 2019.

  • WASHINGTON, Feb 22- China has agreed to buy up to $1.2 trillion in goods from the United States as part of the current negotiations to end the trade war between the countries, CNBC reported on Friday, citing sources familiar with the situation. CNBC said though that the two sides remain far apart on a key issue for the United States: the forced transfer of...

  • NEW YORK/ LONDON, Feb 22- Raw sugar futures on ICE climbed on Friday, buoyed by a rise in crude oil to 2019 highs while arabica coffee prices inched up, pulling away from the prior session's five-month low. *May raw sugar settled up 0.1 cent, or 0.8 percent, at 13.30 cents per lb. *Oil prices touched more than three-month highs on Friday, supported by rising hopes that the...

  • The directive to New York's Department of State and Department of Financial Services came after The Wall Street Journal said testing showed that Facebook collected personal information from many smartphone apps within seconds of users entering it, even if the users had no connection to the social media company.

  • *VW Group 2018 operating profit rises 0.7 pct. FRANKFURT, Feb 22- Volkswagen warned on Friday of a tough year ahead as its preliminary annual results were weighed down by currency effects and supply bottlenecks caused by new emissions testing rules. VW shares closed 0.1 percent higher at 146.72 euros a piece, outperforming the Stoxx 600 Automotive Index which...

  • LIMA, Feb 22- An indigenous community in Peru has blocked Chinese miner MMG Ltd from using a road to transport copper from its massive Las Bambas mine to a port for shipment for the past 10 days, a lawyer representing the community said Friday. The company has been using an alternate route to get its copper concentrates from Las Bambas to the port of Matarani for...

  • MILAN, Feb 22- Etro mixed aristocratic with underground vibes at Milan Fashion Week on Friday, with the Italian designer label looking to models of different ages to present its Autumn/Winter 2019 line. Womenswear creative director Veronica Etro showcased vibrant tapestry prints, nodded to equestrian influences and added regal touches for the "...

  • U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day in March to a record of about 8.4 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. A shale revolution has helped boost the United States to the position of world's biggest crude oil producer, ahead of Saudi Arabia and Russia.

  • NEW YORK/ SAN FRANCISCO, Feb 22- Despite a U.S. unemployment rate that has plumbed its lowest levels in nearly 50 years, Federal Reserve policymakers remain worried about excessively low inflation, a view that helps explain the central bank's recent decision to put interest-rate hikes on hold. Traditionally, economists have found that when labor markets run hot,...

  • MOJAVE, Calif., Feb 22- A Virgin Galactic rocket plane on Friday soared to the edge of space with a test passenger for the first time, nudging British billionaire Richard Bransons company closer to its goal of suborbital flights for space tourists. Virgin Galactics chief astronaut instructor Beth Moses, who will train future space tourists, joined pilots onboard...

  • RIO DE JANEIRO, Feb 22- Brazilian federal prosecutors are seeking the arrest of a Vale SA senior executive, authorities said on Friday, following the collapse of a dam holding mining byproducts that is believed to have killed over 300 people. The executive, Director of Ferrous Metals Peter Poppinga, has not been arrested after a judge declined to issue a warrant.

  • *Soybeans inch up as U.S.- China trade optimism persists. U.S. farmers hope the talks will bring China back to the United States to buy more agricultural products, after Beijing last year imposed tariffs on imports of American farm goods including soybeans, sorghum and pork. "The feeling is,' Lets walk away and see what happens with the administration and the U.S.-...

  • WASHINGTON, Feb 22- The U.S. Chamber of Commerce on Friday said gaps remain in the ongoing trade talks between the United States and China, particularly around structural issues, but urged both sides to make a comprehensive deal as soon as possible. U.S. and Chinese negotiators are meeting in Washington this week, seeking to hammer out a deal that would avert a...

  • The Hamtramck plant will continue to produce the Chevrolet Impala and Cadillac CT6 sedans until early next year, the company said. "We are balancing production timing while continuing the availability of Cadillac advanced technology features currently included in the CT6-V- the Blackwing Twin-Turbo V-8 and Super Cruise," GM said. Detroit- based union United...

  • *FTSE 100 up 0.2 pct. *FTSE 250 up 0.2 pct. Feb 22- Strength in miners on growing optimism over global trade talks helped Britain's FTSE 100 inch higher and bid news lifted Dairy Crest and Provident Financial among mid-caps on Friday, while online trading platforms slumped after CMC's surprise revenue alert.

  • *French court ordered UBS to pay $5 bln in penalties. PARIS, Feb 22- UBS was warned numerous times over a period of at least six years that its French private bank risked breaking local tax laws, according to the written judgement in a case where the Swiss bank faces a 4.5 billion euro penalty. The hefty sanction-- a 3.7 billion euro fine and 800 million euros in damages--...