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CNBC Utilities Page Wires

  • NASHVILLE, Tenn. _ Pinnacle Financial Partners Inc. on Tuesday reported second-quarter profit of $86.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share. Five analysts surveyed by Zacks expected $228.9 million.

  • BRASILIA, July 17- Brazil's benchmark index rose on Tuesday to its highest level in about six weeks after the head of the U.S. Brazil's Bovespa gained nearly 2 percent, outdoing other major Latin America markets. In prepared remarks before the Senate Banking Committee, Fed Chairman Jerome Powell downplayed the impact of current global trade policy discussions...

  • MEXICO CITY, July 17- America Movil, Latin America's largest telecommunications firm by number of subscribers, reported second-quarter net profit of 818 million pesos, down 94.3 percent from the same period last year.

  • Treasury Secretary Steven Mnuchin has no formal bilateral meetings planned with Chinese officials at this weekend's G20 finance ministers and central bank governors meeting in Argentina, a senior Treasury official said on Tuesday.

  • SAO PAULO, July 17- Brazil's JBS SA, the world's largest meat producer, said on Tuesday it had stopped using one of its suppliers after an animal rights group released a video showing alleged mistreatment of pigs. Tosh Farms is among the 25 largest U.S. pig producers and is a supplier to JBS, according to Mercy For Animals. Tosh Farms did not immediately reply to a...

  • July 17- CSX Corp on Tuesday posted quarterly profit that topped Wall Street's target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency. Second-quarter net income rose to $877 million, or $1.01 per share, from $510 million, or 55 cents per share, in the year-ago period that included a $115 million...

  • What was also striking from the data was Russia's exclusion from the list of Treasury holders in May, analysts said. Data showed that Russia's holdings already had a massive drop to $48.7 billion in April from $96.1 billion in March. Gennadiy Goldberg, senior rates strategist at TD Securities, said there was a flight to safety in May because of the global trade...

  • FARNBOROUGH, England, July 17- Boeing Co sees scope for additional cost savings from suppliers as it expands through the proposed acquisition of the regional jet business of Brazil's Embraer SA, Chief Executive Dennis Muilenburg told Reuters on Tuesday. The comment from the head of the world's largest plane maker is the latest sign of pressure on aerospace...

  • July 17- Texas Instruments Inc said on Tuesday Brian Crutcher had resigned as the company's chief executive officer just six weeks into the role, due to violations of the chipmaker's code of conduct. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments...

  • GULFPORT, Miss. _ Hancock Holding Co. on Tuesday reported second-quarter net income of $71.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. The holding company of Whitney Bank and Hancock Bank posted revenue of $321.1 million in the period.

  • TUPELO, Miss. _ Renasant Corp. on Tuesday reported second-quarter earnings of $36.7 million. The holding company for Renasant Bank posted revenue of $142.2 million in the period. Renasant shares have increased 10 percent since the beginning of the year.

  • July 17- CSX Corp on Tuesday posted quarterly profit that topped Wall Street's target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency. Second-quarter net income rose to $877 million, or $1.01 per share, from $510 million, or 55 cents per share, in the year-ago period that included a $115 million...

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  • The third-largest U.S. airline forecast adjusted profit for the full year at between $7.25 and $8.75 per share, up from its previous range of $7.00 to $8.50 per share. The Chicago- based carrier cut its plans for capacity growth for the year to a rate of between 4.5 percent and 5 percent, a company spokesman said. The company said net income fell to $684 million, or...

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  • The settlement proposed in March lacked important details and would probably not bring an end to the sprawling case that began in 2012, National Labor Relations Board Administrative Law Judge Lauren Esposito in New York said in a written opinion. Illinois- based McDonald's, which did not admit to any wrongdoing in the settlement, did not immediately respond...

  • ATLANTIC CITY, N.J.— New Jersey's thriving internet gambling market continues to grow. It comes nearly two weeks after Hard Rock, which opened the same day as Ocean Resort, on June 27, launched its own internet gambling site. Dermot Smurfit, GAN's CEO, said the online casino should be worth an additional 10 percent to 15 percent of revenue for Ocean Resort, with a...

  • July 17- Texas Instruments Inc said on Tuesday Brian Crutcher has resigned as the company's chief executive officer and president, as well as a member of its board due to violations of its code of conduct. Chairman Rich Templeton will reassume the roles of chief executive officer and president, the company said. "The violations are related to personal behavior...

  • SAO PAULO, July 17- A joint venture between Brazilian miner Vale SA and utility Companhia Energética de Minas Gerais is considering acquiring an unfinished wind park from Renova Energia SA, three people familiar with the matter told Reuters on Tuesday. Joint venture Aliança Geração de Energia SA is evaluating Renova's Alto Sertão III complex in the...

  • July 17- A judge with a U.S. labor agency on Tuesday rejected McDonald's Corp's proposed settlement of a major case on whether the fast-food company is accountable for alleged labor law violations by franchisees across the country. The settlement proposed in March lacked important details and would probably not bring an end to the sprawling case that began in...