CNBC Utilities Page Wires

  • In a regulatory filing on Friday, Uber set a target price range of $44 to $50 per share for its IPO. Uber expects to price the IPO on May 9 and then begin trading on the New York Stock Exchange the following day, people familiar with the matter have said. "When it comes to Uber, we believe there are still questions over the current car-sharing model, the economics of which...

  • April 26- AutoNation Inc, the largest U.S. auto dealership chain, on Friday reported a better-than-expected quarterly profit, as it earned more per vehicle sold. The company said its same-store gross profit per vehicle retailed across its 325 U.S. locations was up 6 percent to $3,559 during the quarter. AutoNation Chief Executive Carl Liebert told Reuters there...

  • April 26- U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world's largest economy maintained a moderate pace of growth in the first quarter. The Commerce Department report will be published at 8:30 a.m. ET. Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp...

  • LONDON, April 26- Copper and most other industrial metals inched higher on Friday, boosted by a retreat in the dollar and hopes that a meeting between the United States and China could help ease damaging trade tensions. "The market generally is fairly quiet, awaiting the GDP numbers which will be of interest especially with the levels of uncertainty in the United...

  • PARIS, April 26- French President Emmanuel Macron has ordered that further cuts to income tax must be matched euro-for-euro by cuts in public spending to keep the budget deficit from spiralling out of control, his finance minister said on Friday. In his response to months of anti-government protests, Macron said late on Thursday that he would cut income tax...

  • April 26- Interpublic Group of Cos Inc beat Wall Street estimates for quarterly profit and revenue on Friday, as the U.S. advertising company benefited from higher client spending worldwide. Net loss available to Interpublic's common stockholders narrowed to $8 million, or 2 cents per share, in the quarter ended March 31, from $14.1 million, or 4 cents per share, a...

  • Elvira Nabiullina, Russia's central bank governor.

    Russia's central bank held its key interest rate at 7.75 percent on Friday in line with market expectations, but said it could consider cutting rates as early as June.

  • *CVAs to be voted on at May 9 meeting. April 26- Debenhams plans to close 22 stores next year, putting about 1,200 jobs at risk, under a scheme designed to put the ailing British retailer on a stable financial footing. Debenhams' lenders took control of the retailer earlier this month in an effort to keep stores open, a deal which wiped out the company's shareholders,...

  • April 26- U.S. advertising firm Interpublic Group of Cos Inc reported a 13 percent rise in quarterly revenue on Friday, boosted by higher client spending worldwide. Net loss available to the company's common stockholders narrowed to $8 million, or 2 cents per share, in the first quarter ended March 31, from $14.1 million, or 4 cents per share, a year earlier.

  • BEJING, April 26- Russia's Rosneft does not see tougher U.S. sanctions on Iran resulting in a global oil deficit in the second and third quarters of 2019, CEO Igor Sechin said on Friday. He added that Saudi Arabia and United Arab Emirates had committed to making sure oil markets have enough supply. Sechin, a close ally of President Vladimir Putin, holds the view that...

  • *Britain keen to build close China ties as it aims to exit EU. BEIJING, April 26- Britain is committed to help realise the potential of China's Belt and Road Initiative, British finance minister Philip Hammond said on Friday, describing the policy as a "vision". Speaking at a summit in Beijing on China's programme to re-create the old Silk Road joining China with Asia...

  • ROME, April 26- Italian infrastructure group Toto Holding declined on Friday to comment on media report that it is close to agreeing to invest in a joint rescue plan of the troubled airline Alitalia. According to Italian newspaper La Repubblica, Toto Holding is ready to join state railway operator Ferrovie dello Stato and U.S. carrier Delta Air Lines in the...

  • NEW DELHI, April 26- Surging global oil prices will pose a first big challenge to India's new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up. For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the...

  • MOSCOW, April 26- Russia's central bank held its key interest rate at 7.75 percent on Friday in line with market expectations, but said it could consider cutting rates as early as June. "If the situation develops in line with the baseline forecast, the Bank of Russia admits the possibility of turning to cutting the key rate in Q2-Q3 2019," the central bank said in a...

  • Net income from continuing operations fell to $92.1 million in the first quarter ended March 31, from $93.3 million a year earlier. The company's earnings per share from continuing operations rose to $1.02 from $1.01, beating the average analyst estimate of 91 cents per share, according to IBES data from Refinitiv. Revenue fell 5.3 percent to $4.98 billion, and...

  • *China sales up 28 pct. April 26- AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China. Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

  • UBER SAYS CO AND PAYPAL INTEND TO EXPLORE FUTURE COMMERCIAL PAYMENT COLLABORATIONS, INCLUDING DEVELOPMENT OF DIGITAL WALLET.

  • UBER TECHNOLOGIES ON CLOSING OF IPO, AUTHORIZED CAPITAL STOCK WILL CONSIST OF 5.01 BLN SHARES, OF WHICH 5 BLN COMMON SHARES AND 10 MLN PREFERRED SHARES.

  • UBER- BASED ON AN ASSUMED IPO PRICE OF $47.00/ SHARE, WHICH IS MIDPOINT OF ESTIMATED OFFERING PRICE RANGE, PAYPAL WOULD PURCHASE 10.6 MLN SHARES.

  • UBER- SALE OF SHARES TO PAYPAL WILL NOT BE REGISTERED IN IPO, WILL BE SUBJECT TO A LOCKUP AGREEMENT WITH UNDERWRITERS FOR A PERIOD OF 270 DAYS.