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CNBC Utilities Page Wires

  • Vets First Choice Chief Executive Officer Ben Shaw, will be the CEO of the combined company, to be named Vets First Corp.. Centerview Partners is serving as exclusive financial adviser to Henry Schein, and Cleary Gottlieb and Proskauer Rose are serving as its legal advisers. J.P. Morgan Securities, LLC is serving as exclusive financial adviser to Vets First...

  • SEOUL, April 23- General Motors Co's South Korean unit dropped a plan to consider filing for bankruptcy after winning concessions on pay, bonuses and benefits from its labour union in a tentative deal reached on Monday. The concessions by GM Korea's powerful auto union are expected to heap pressure on other auto unions for similar moves, at a time when South...

  • FRANKFURT, April 23- Shares in healthcare group Fresenius jumped as much as 3.9 percent after it pulled out of the $4.75 billion acquisition of Akorn, with analysts saying it was extricating itself from taking on an underperforming business. The German company said in February that it could terminate the deal after investigating alleged breaches of U.S. Food...

  • The company said Henry Schein shareholders will own approximately 63 percent of the new company and expects to receive between $1.0 billion to $1.25 billion in cash on a tax-free basis.

  • LONDON, April 23- World stocks slipped on Monday ahead of a blizzard of earnings from the world's biggest firms and as wary investors watched U.S. bond yields approach peaks that have triggered market spasms in the past. Traders were also getting a global round of economic surveys that should show in the coming days if economic softness in the first quarter was...

  • SEATTLE _ Alaska Air Group Inc. on Monday reported first-quarter profit of $4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Alaska Air shares have declined 11 percent since the beginning of the year.

  • ATHENS, Greece— Greece has beaten its bailout budget targets for a third successive year and eased its massive debt burden by a fraction as the country prepares to exit its international rescue program in four months. The country's independent statistics agency on Monday reported long-awaited data for 2017 that will affect ongoing negotiations between...

  • April 23- Activist investor Elliott Management Corp on Monday proposed the addition of three independent members to the board of Hyundai Motor Group in a document laying out its agenda after taking a more than $1 billion stake in the carmaker.

  • *China seen adjusting policy if trade dispute worsens-economists. This was the year that Beijing was expected to step up its controls on unfettered lending, particularly in the so-called shadow banking area, as it seeks to contain a dangerous build up in debt across much of the economy. President Donald Trump has ratcheted up the pressure on China over its trade...

  • BRUSSELS— The European Union is opening an investigation to see if Italy was within its rights to give struggling airline Alitalia a $1.1 billion bridge loan last year. Alitalia was placed under bankruptcy protection last May and received 900 million euros in loans from the authorities to keep operating until a sale could be completed. The EU Commission said...

  • BERLIN— Germany's Fresenius and U.S.-based pharmaceutical manufacturer Akorn Inc. are at odds over the German company's decision to terminate a more than $4.3 billion takeover agreement, citing alleged breaches of data integrity requirements. On Saturday, its Fresenius Medical Care division announced the sale of its controlling stake in Sound...

  • *CEO sees negative knock-on effects of U.S.- China trade war. AMSTERDAM, April 23- Philips is worried about rising trade tensions between the United States and China, said the Dutch health-technology company that is banking on continuing Chinese demand for its high-end medical equipment. Strong demand from Chinese hospitals for its ultrasound machines,...

  • THE HAGUE, Netherlands— Amsterdam police have arrested an Icelandic fugitive suspected of masterminding the theft of hundreds of computers used to mine bitcoin and other virtual currencies. Police spokesman Rob van der Veen confirmed Monday that Sindri Thor Stefansson was arrested Sunday night in downtown Amsterdam. Stefansson fled a low-security...

  • LONDON, April 23- Aluminium rose back towards last week's seven-year high on Monday, driven by concerns that U.S. sanctions on Russian producer UC Rusal could disrupt supply. "We are obviously in a period of elevated uncertainty currently when it comes to reorganising the supply chain, given that both Europe and the United States were significant buyers of...

  • *But strong demand, OPEC cuts still support prices overall. Brent crude futures were down 49 cents at $73.57 a barrel by 0911 GMT, while U.S. "Underlying sentiment is bullish... we've got an important decision from Trump coming up in May and we have OPEC potentially trying to' overtighten' the market," Saxo Bank senior manager Ole Hansen said.

  • BUDAPEST, April 23- Central European government bonds tested multi-week highs on Monday and the region's most liquid currencies eased as a rise in Treasury yields attracted a flow of funds into U.S. assets. Treasury yield to its highest level since 2014, near 3 percent, helped the euro weaken in its cross against the dollar, which is closely watched in the...

  • LONDON, April 23- Higher U.S. MSCI's emerging market index weakened 0.6 percent after tech-heavy bourses in Asia racked up some of the steepest losses, with Taiwan dropping more than 1 percent to trade at its lowest in more than two months. South Africa's rand tumbled more than 1 percent and hit the weakest level in more than three months against the dollar as...

  • BERLIN— Former New York City Mayor Michael Bloomberg is donating $4.5 million to the United Nations body that oversees climate change negotiations. Congress cut funding for the Bonn, Germany- based UNFCCC from $7.5 million in previous years to $3 million this year. Jerry Brown, to show that the United States remains committed to the Paris climate accord despite...

  • BEIJING, April 23- State-run Chinese conglomerate CITIC Group is conducting due diligence on CEFC China Energy's stake in onshore oil fields in Abu Dhabi as CITIC prepares, under the Chinese government's direction, to possibly take over CEFC's energy business, said two sources with knowledge of the matter. CEFC purchased the Abu Dhabi stake as part of a spree to...

  • CHINA'S CITIC GROUP CONDUCTING DUE DILIGENCE ON CEFC' S ABU DHABI OIL STAKE- SOURCES.