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CNBC Utilities Page Wires

  • SAO PAULO— A strike by Brazilian truckers that has caused shortages at gas stations and supermarkets across Latin America's biggest country has entered a seventh day with no immediate solution in sight. Anger over rising diesel prices led truckers to begin striking last week and they've vowed to continue striking until the government commits itself to...

  • Disney and Lucasfilm's "Star Wars" prequel is now looking to make $101 million in North America during its four-day holiday weekend debut. The film, directed by Ron Howard, follows Alden Ehrenreich as a young Han Solo, who befriends his future co-pilot and Wookie companion Chewbacca, and meets the notorious gambler Lando Calrissian. Emilia Clarke, Woody...

  • NEW YORK— The Han Solo spinoff "Solo: A Star Wars Story" came in well below expectations with an $83.3 million opening weekend at the North American box office. "Solo" grossed $65 million internationally in its opening weekend, including a paltry $10.1 million in China. Starring Alden Ehrenreich in the role made iconic by Harrison Ford, "Solo" was plagued by production...

  • PHOENIX— About six years ago, an elected Arizona utility regulator who is now accused of accepting bribes had $31,000 funneled to him from a water company owner and tried to get the owner to buy him a $350,000 piece of land, authorities said. In exchange, then-Corporation Commissioner Gary Pierce voted for a rate increase that benefited the water company and...

  • By Stephen Jewkes and Steve Scherer. MILAN, May 27- Italy's president summoned Prime Minister-designate Giuseppe Conte to his office on Sunday in a move that could break a long-running political deadlock and open the way for the formation of a coalition government. Because of Mattarella's opposition to Conte's candidate for the Economy Ministry, 81-...

  • BEIJING, May 27- China's Defence Ministry on Sunday expressed its opposition to what it called "provocation" by two U.S. warships that sailed near South China Sea islands claimed by China. The U.S. action seriously infringed upon Chinese sovereignty because the warships entered Chinese territorial waters without permission, the ministry said in a short...

  • SAO PAULO, May 27- Truck owners removed their vehicles from some key roads in Brazil overnight and early on Sunday as local and federal governments worked on a new proposal to end a nationwide protest that has caused wide disruption to transporting grains and fuel. President Michel Temer met with government ministers and with some state-level officials early...

  • PHIPPSBURG, Maine— Frustrated by red tape and visa limits on foreign workers, tourism businesses from Maine to Missouri are turning to Puerto Ricans who are fleeing a shattered economy and devastation caused by Hurricane Maria. Bob Smith, owner of Sebasco Harbor Resort in Phippsburg, hired a half-dozen Puerto Ricans last summer for housekeeping, landscaping...

  • 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.