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CNBC Utilities Page Wires

  • ST. PAUL, Minn.— The Latest on the opening of a hearing before Minnesota regulators on Enbridge Energy's proposal for replacing its Line 3 crude oil pipeline across MInnesota:. Passions ran high though people remained polite as Minnesota regulators opened a key hearing that's meant to lead to a final decision on whether to approve Enbridge Energy's proposal for...

  • LOS ANGELES, June 18- AT&T Inc should be able to reduce the number of commercials during programming on its newly acquired Time Warner networks by using wireless and TV customer data to target personalized advertisements, John Stankey, the longtime AT&T executive who will run the networks, said in an interview on Monday. The wireless phone giant plans to start...

  • NEW YORK, June 18- The Dow and S&P fell modestly on Monday, ending well off session lows, as gains in energy shares helped curb declines stemming from trade war concerns after China's retaliation to U.S. tariffs.

  • WASHINGTON— The Senate is set to pass a defense policy bill that includes a pay raise for the military, but would block a White House plan to allow Chinese telecom giant ZTE to buy component parts from the U.S. The Trump administration announced a deal with ZTE earlier this month, but Senate leaders have sought to reverse it. If approved, the bill would go to the House,...

  • TORONTO, June 18- A working group will present recommendations on enhancements to the Canadian overnight risk-free rate by the end of the year, and the Bank of Canada will seek broader input on interest rate benchmark reform, a top official said on Monday. In a speech that did not mention monetary policy or the economy, Deputy Governor Lynn Patterson said the Bank...

  • *OPEC likely to loosen supply curbs at Friday meeting. *Saudi Arabia, Russia look set to increase output. NEW YORK, June 18- Oil prices rose on Monday in volatile trade as market participants lowered their expectations for how much OPEC might increase production and investors assessed the impact of a trade dispute between the United States and China.

  • NEW YORK, June 18- U.S. long-dated Treasury yields drifted higher on Monday, as stocks on Wall Street trimmed losses, in thin trading after a hectic week when the Federal Reserve struck an upbeat tone on the American economy. Yields had fallen earlier, in line with U.S. stocks, as investors worried about an escalating U.S.- China trade war. The official Xinhua news...

  • June 18- The U.S. National Transportation Safety Board will send a technical specialist to observe a Tesla Inc examination into the causes of a battery fire last Friday involving one of the electric automaker's Model S vehicles in California, the agency said on Monday. A spokesman for the NTSB said that observing the examination into the fire in West Hollywood...

  • Like most brick-and-mortar retailers, GameStop has suffered from heightened competition from online companies including Amazon Inc. Games retailers have also had to cope with a decline in physical video game sales, although GameStop has partly weathered these declines by expanding into used video games and devices as well as digital products.

  • WINNIPEG, Manitoba, June 18- Saputo Inc, one of Canada's largest dairies, wants to end a domestic milk ingredient pricing system that has angered the United States, Chief Executive Lino Saputo Jr. said on Monday, showing a rare crack in solidarity among processors and the country's sheltered dairy farmers. Agriculture Secretary Sonny Perdue, on a visit to Canada on...

  • *Oil reverses course: investors eye OPEC, trade worries. NEW YORK, June 18- Global stocks were lower on Monday as investors eyed an escalating trade dispute between the United States and China while oil prices rose on bets that an OPEC production increase would be smaller than expected. "The biggest thing hanging over markets is trade and the back and forth between...

  • *Germany cautious about Macron's ambition for eurozone budget. PARIS, June 18- When French President Emmanuel Macron laid out a sweeping vision for eurozone reform last September, he spoke of "rebuilding Europe", with a common budget for the euro nations and a single minister to oversee it all. But Merkel has limited room to act due to political pressure at home, and...

  • NEW YORK, June 18- U.S. long-dated Treasury yields drifted higher on Monday, as Wall Street shares trimmed losses, in a lull after a hectic week when the Federal Reserve struck an upbeat tone on the U.S. economy. Yields had fallen earlier, in line with U.S. stocks, as investors worried about an escalating U.S.- China trade war. President Donald Trump decided to push...

  • VIENNA, June 18- Russia and Saudi Arabia have put forward a proposal to increase production by OPEC and non- OPEC countries by 1.5 million barrels per day, Ecuador's oil minister said on Monday. OPEC's second and third largest producers Iraq and Iran have said they would oppose steep output increases as it would breach previous agreements to keep production cuts...

  • June 18- Videogame and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday. The company has hired a financial adviser to assist in these discussions, said the people, who asked not to be named because the matter is private.

  • BUENOS AIRES, June 18- Argentina's peso currency snapped its slide on Monday as the central bank announced it will hike reserve requirements for banks by 5 percentage points and in a move expected to soak up some 100 billion ARS from the financial system. In the first series of measures announced under new Governor Luis Caputo, the bank said it would raise...

  • This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets. Company officials said the agreement initially would not involve any major new Google initiatives in China, where the company's main services are blocked over its refusal to censor search results in line with local laws.

  • SAVANNAH, Ga., June 18- The U.S. economy "appears to be in a pretty good place" that should let the Fed continue its steady program of raising interest rates, Atlanta Federal Reserve bank president Raphael Bostic said on Monday, though he feels only one more such increase is needed this year. Bostic said the Fed's target policy rate was "getting close" to a neutral setting...

  • VIENNA, June 18- Ecuador's oil minister said that a proposal to increase production from OPEC and non- OPEC countries by 1.5 million bpd is being put forward by Russia and Saudi Arabia.

  • June 18- Societe Generale Corporate& Investment Banking on Monday appointed Jacques Bitton and Jean-Baptiste Giros as co-heads of coverage and investment banking for France.