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CNBC Utilities Page Wires

  • July 20- GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company's board to spin off its consumer division, the Financial Times reported on Friday. GSK Chairman Philip Hampton has been in discussions with the group's biggest shareholders about the creation of a standalone pharma and vaccines company in the medium term,...

  • July 20- Homes and businesses in Texas used record amounts of power for a second straight day on Thursday and are expected to use even more in coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state's power grid. To keep air conditioners humming, Texas utilities are buying electricity from all...

  • BRASILIA, July 20- The Brazilian government on Friday cut its forecast for gross domestic product growth this year to 1.6 percent from 2.5 percent and worsened its fiscal estimates. In a bimonthly report, the government raised its forecasts for net revenue by 3.194 billion reais and for primary expenses by 7.546 billion reais. Reuters reported on July 12 that...

  • NEW YORK, July 20- Oil prices rose on Friday as a weakening dollar and lower expected August oil exports from Saudi Arabia supported the market, offsetting concerns about U.S.- China trade tensions and supply increases. "The dollar was a one-way ticket for the last couple of weeks and basically reversed directions, giving us some strong support," said Phil Flynn,...

  • *Wall St flat, Europe equities dip, Asia supports. NEW YORK, July 20- The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings. He also lamented the strength of the dollar and accused the...

  • NEW YORK, July 20- U.S. The Fed has raised rates twice this year and is expected to raise rates a couple more times by year end which may attract more foreign into the U.S. dollar with monetary policy remaining loose in Europe and Japan, analysts said. But investors and traders attribute some of the gains to the Trump administration's tax cuts which are widening the...

  • *U.S. Air Force set up integration office for Europe. The new warplane's high-end sensors will give it a bigger role across all domains of war than previous fighter planes, including in missile defence, said General Tod Wolters, the top commander of U.S. and NATO air forces in Europe. Norway, Britain and Italy will have received 40 F-35s in Europe by the end of the year,...

  • LONDON, July 20- British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign to leave the European Union. Banks, who ahead of the Brexit referendum financed Leave.EU, a campaign led by Nigel Farage, then the leader...

  • WASHINGTON, July 20- U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp, a top Democrat in the Senate said on Friday. The company had made false statements about disciplining 35 employees involved with illegally...

  • *Ethiopia's economy has faced crippling forex shortage. ADDIS ABABA, July 20- A "hard currency amnesty" and reform-driven confidence in Ethiopia's economy, both at home and abroad, have helped close a once yawning gap between the official and black market exchange rates for its birr currency. Businesses and analysts in the capital Addis Ababa told Reuters on...

  • *Roche does not plan to reverse July 1 hikes, unlike Pfizer. ZURICH, July 20- European drugmakers Roche, Bayer and Merck KGaA became the latest companies to freeze prices in the United States for the rest of 2018 following criticism by President Donald Trump over the cost of medicine. "Last week on July 11, we communicated to the U.S. Department of Health and Human...

  • Traders focused on drought-reduced harvest prospects in Europe and the Black Sea region that are set to tighten global supplies of wheat. Countries like Germany and Ukraine are also expected to suffer losses from dryness. "You take major exporters of the world all having production issues at the same time, and it sets up well for our potential exports," said Ted...

  • July 20- The U.S. Environmental Protection Agency must reconsider its denial of small West Virginia refinery Ergon's application for an exemption from U.S. biofuel laws after it relied on an "error-riddled" analysis, an appeals court ruled on Friday. The EPA relied on a recommendation from the Department of Energy that, among other things, failed to take into...

  • July 20- Kansas City Southern, a regional U.S. railroad operator with extensive operations in Mexico, topped Wall Street estimates for quarterly profit on Friday, as it transported higher volumes of petroleum, cars and chemicals. Net income available to shareholders rose more than 10 percent to $148.2 million, or $1.45 per share, helped by higher volumes for...

  • NEW YORK, July 20- Oil prices edged up on Friday as a weakening dollar and lower expected August oil exports from Saudi Arabia supported the market, offsetting concerns about U.S.- China trade tensions and supply increases. Brent crude was up 34 cents at $72.92 a barrel by 1:23 p.m. EDT. West Texas Intermediate crude for August delivery was up 79 cents at $70.25 a...

  • NEW YORK— Facebook said Friday that it has suspended Boston- based analytics firm Crimson Hexagon while it investigates how it collects and shares Facebook and Instagram's user data. The Wall Street Journal first reported that Facebook had suspended Crimson Hexagon. "We don't allow developers to build surveillance tools using information from Facebook or...

  • NEW YORK, July 20- Life sciences company Bayer AG said on Friday it would discontinue the sale of its birth control product Essure in the United States, citing a decline in sales of the implantable device that made the business no longer sustainable. The decision followed an announcement by the company in September 2017 that it would discontinue the sale of the...

  • WASHINGTON, July 20- U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp, a top Democrat in the Senate said on Friday. The company had made false statements about disciplining 35 employees involved with illegally...

  • God is a woman, Ariana Grande. 8. no tears left to cry, Ariana Grande. 7. Noble Ape, Jim Gaffigan.

  • July 20- U.S. stock indexes edged higher on Friday as technology stocks rose on the back of solid results from Microsoft, easing fears of a rising trade spat after President Donald Trump toughened his stance against China. President Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, unnerving financial markets in...