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CNBC Utilities Page Wires

  • The SEC on Monday said the payout includes a $4 million civil fine, plus the return of ill-gotten gains and interest, over misconduct by the Wells Fargo Advisors brokerage in its sale of so-called market-linked investments. The San Francisco- based bank did not admit or deny wrongdoing, but has taken steps to address sales practices that occurred from January...

  • Harley-Davidson Inc., down $2.64 to $41.57. Campbell Soup Co., up $3.63 to $42.23. The New York Post reported that Kraft Heinz is interested in buying the company.

  • LONDON, June 25- Around a dozen demonstrators lay on the floor of the central lobby in Britain's House of Commons on Monday to protest against an upcoming vote which is expected to approve a new runway at Heathrow Airport.

  • LONDON, June 25- Around a dozen demonstrators lay on the floor of the central lobby in Britain's House of Commons on Monday to protest against an upcoming vote which is expected to approve a new runway at Heathrow Airport.

  • *Canadian dollar at C $1.3305, or 75.16 U.S. cents. TORONTO, June 25- The Canadian dollar weakened against its U.S. counterpart on Monday as rising global trade tensions led to a sell-off in stock markets and as oil prices fell. trading 0.3 percent lower at C $1.3305 to the greenback, or 75.16 U.S. cents.

  • *OPEC to raise output to make up for unforeseen disruptions. NEW YORK, June 25- Oil fell on Monday as investors prepared for an extra 1 million barrels per day of oil to hit markets after OPEC agreed to raise production and as U.S. equity markets slipped on trade war fears. "The expectation that we'll see more crude out of OPEC and that supplies in the U.S. will be tight...

  • CHICAGO, June 25- U.S. soybean futures fell about 2 percent on Monday on generally favorable Midwest crop weather and worries about trade with China, the world's biggest soy importer, traders said. Treasury Secretary Steven Mnuchin on Monday said forthcoming investment restrictions would not be specific to China but would apply "to all countries that are...

  • PROTESTERS LIE ON THE FLOOR OF CENTRAL LOBBY IN UK HOUSES OF PARLIAMENT TO PROTEST AGAINST HEATHROW EXPANSION- SKY NEWS.

  • WASHINGTON, June 25- White House trade and manufacturing adviser Peter Navarro said on Monday that any investment restrictions proposed by the Trump administration would target China and not other countries. In an interview on CNBC, Navarro said the U.S. Treasury Department would report to President Donald Trump on Friday on the issue of China investment...

  • LONDON/ FRANKFURT, June 25- BMW would have to close its Mini and Rolls-Royce plants in Britain if Brexit seriously disrupts its supply chain, an executive at the German carmaker told the Financial Times. The warning follows concerns voiced last week by the head of Siemens' operations in Britain, who told Reuters that the country should stay in the European Union...

  • NEW YORK, June 25- Gold-backed exchange-traded funds tracked by Thomson Reuters were headed for their weakest month since July 2017, as investors covered losses in equities, commodities and other markets caused by tariff disputes. Gold, typically seen as a safe store of value during times of geopolitical and economic uncertainty, has failed to profit from...

  • NEW YORK, June 25- An escalating trade dispute between the United States and other leading economies battered U.S. stocks on Monday, sending the S&P 500 and Nasdaq to their steepest losses in more than two months.

  • *FDA approves GW's drug to treat two severe forms of epilepsy. "This approval serves as a reminder that advancing sound development programs that properly evaluate active ingredients contained in marijuana can lead to important medical therapies," said Food and Drug Administration Commissioner Scott Gottlieb. Based on the potential for abuse, the Drug...

  • June 25- The U.S. Securities and Exchange Commission on Monday said Wells Fargo Advisors LLC agreed to pay more than $5.1 million to settle charges of misconduct in the sale of so-called market-linked investments to retail investors. Wells Fargo was accused of generating large fees at the expense of investor returns by improperly encouraging customers to...

  • *Conservative Supreme Court justices spearhead ruling. WASHINGTON, June 25- The U.S. Supreme Court on Monday sided with American Express Co and against 11 states, ruling that the company's policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law. New York- based American Express...

  • June 25- Crews were nearly finished removing oil from derailed tank cars and repairing a stretch of northwestern Iowa track damaged when a train left the track and spilled crude oil, operator BNSF Railway Co said on Monday. The crude oil train derailed near Doon, Iowa on Friday sending 32 rail cars off the track and spilling an estimated 230,000 gallons of oil into...

  • S&P 500 PARES SOME LOSSES AS WHITE HOUSE ADVISER NAVARRO TALKS ABOUT TRADE ON CNBC, LAST DOWN 1.4 PCT.

  • NEW YORK, June 25- The dollar fell to a fresh two-week low against the Japanese yen on Monday, as worries about escalating trade tensions between the United States and other leading economies hurt risk appetite. The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with "...

  • NEW YORK, June 25- An escalating trade dispute between the United States and other leading economies battered U.S. stocks on Monday, driving benchmark indexes lower by around 2 percent to their steepest losses in more than two months. Treasury Secretary Steven Mnuchin said on Monday in a message on Twitter that the restrictions would apply not specifically to...

  • *Andritz assumes financial liabilities of $590 mln. VIENNA, June 25- Austrian engineering group Andritz has agreed to buy Xerium Technologies, a supplier of paper industry products, in a $833 million cash deal that helps diversify its offerings. James Mitarotonda, chairman and CEO of Barington Capital Group, a New York- based activist investor that owns about...