×

CNBC Utilities Page Wires

  • WASHINGTON, June 25- The U.S. Supreme Court on Monday sided with American Express Co, ruling that the company's policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law. American Express shares were up as much as 2.3 percent in Monday morning trading on the New York Stock Exchange.

  • WASHINGTON, June 25- Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years. The Commerce Department said on Monday new home sales jumped 6.7 percent to a seasonally adjusted annual rate of 689,000 units last month, the highest level since November 2017.

  • *France, China still cannot agree on price. Orano said on Monday the agreement- which runs until the end of 2018 and covers work to be carried out by Orano to prepare the sale of the recycling plant- was confirmed during a visit by French Prime Minister Edouard Philippe to China. Following a visit to China by French President Emmanuel Macron in January, Finance...

  • LONDON, June 25- French satellite group Eutelsat Communications confirmed on Monday it was considering making an offer for its British rival Inmarsat, confirming media reports. Eutelsat said it was "currently evaluating a possible offer for Inmarsat", although there was no certainty an offer would be made. The move comes after Inmarsat said earlier this month...

  • MUNICH/ FRANKFURT, June 25- ProSiebenSat.1 Media and and Discovery Inc plan to join forces to build a German TV streaming platform to challenge U.S. giants Netflix, Amazon Prime and YouTube. "It is our clear vision to build the one central platform for TV and video content in Germany with the best live and on-demand content," Conze told Reuters in a written interview.

  • LONDON, June 25- Gold steadied off last week's six-month low on Monday as concerns over a global trade war ratcheted higher after a report said the United States plans to bar Chinese companies from investing in its technology firms. The U.S. Treasury Department is crafting rules that would block firms with at least 25 percent Chinese ownership from buying U.S....

  • WASHINGTON, June 25- The U.S. Supreme Court declined on Monday to hear an appeal brought by Nomura Holdings Inc and the Royal Bank of Scotland Group PLC seeking to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac. The court left in place a September ruling by...

  • WASHINGTON— The Supreme Court is leaving in place a ruling for American Express in a lawsuit over rules it imposes on merchants who accept its cards. The high court ruled 5-4 Monday in favor of American Express. The Obama administration and a group of states sued American Express in 2010.

  • WASHINGTON, June 25- The U.S. Supreme Court on Monday sided with American Express Co, ruling that the company's policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law.

  • FRANKFURT, June 25- U.S. buyout group Advent has agreed to buy General Electric's distributed power operations for $3.25 billion, the companies said on Monday. GE had put the unit, which includes the reciprocating gas engine brands GE Jenbacher and Waukesha, up for sale to bolster its finances. "Distributed Power is a terrific asset," said Ranjan Sen, Managing...

  • That provides bargains for timeshare enthusiasts like Angie and Mike McCaffery of Los Angeles. They've parlayed their timeshare weeks at four mainland U.S. resorts into affordable stays in England, Spain, Costa Rica, Hawaii, Mexico and the Caribbean. "You hear all the nightmare stories, but if you know how to work it and you can plan ahead, it's the best thing ever,"...

  • NEW YORK— U.S. stocks are falling Monday morning following losses in Europe and Asia, and technology companies are skidding after The Wall Street Journal reported that the Trump administration plans to limit high-tech exports to China and will limit Chinese investment in American technology companies. US- CHINA TENSIONS: Chipmakers took losses after the...

  • *Hungary's 3- month BUBOR rate rises to 17- month high. BUDAPEST/ PRAGUE, June 25- The Czech crown fell in tandem with Central European peers on Monday as trade tension between the United States and its partners weighed on risk appetite in global markets. The global worries were mirrored by a fall in the Ifo business climate index of Germany, Central Europe's...

  • WASHINGTON— Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. May's median sales price dropped 3.3 percent from a year ago to $313,000.

  • A separate report by the Wall Street Journal said the U.S. Commerce Department and National Security Council were proposing "enhanced" export controls to keep such technologies from being shipped to China. The Philadelphia Semiconductor index dropped 2.3 percent, with chipmakers taking a hit as they depend on China for a large part of their revenue.

  • BRUSSELS, June 25- The European Commission has signed an agreement with four major online retailers to combat the listing of dangerous products on Europe's online shopping sites. The Commission said 20 percent of sales in Europe were made online in 2016, increasing the prevalence of dangerous product listings. Consumers should be just as safe when they buy...

  • BOSTON— GE is selling its distributed power unit to Advent International for $3.25 billion as it continues to shed businesses. The deal includes distributed power's Jenbacher and Waukesha engines and manufacturing sites in Austria, Canada and the U.S. GE Chairman and CEO John Flannery was tasked last year with reshaping the Boston company.

  • *OPEC to raise output to make up for unforeseen disruptions. LONDON, June 25- Brent crude oil fell on Monday as investors prepared for an extra 1 million barrels per day in output to hit the markets after OPEC and its partners agreed to raise production. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million bpd to tighten the market and...

  • SAO PAULO, June 25- Brazil's state-run oil company, Petroleo Brasileiro SA, said on Monday a New York federal court approved a deal to settle a U.S. corruption class action lawsuit. Petrobras, as the company is known, agreed in January to pay $2.95 billion to end the U.S. lawsuit in what was said to be one of the biggest such payouts in the United States by a foreign entity.

  • *China pledges to buy more planes, agri products from France. BEIJING, June 25- China said on Monday it would buy more planes and agricultural products from France and work on market access issues, shoring up its trade ties with Europe as danger mounted of a tariff war with the United States. Both China and the European Union are locked in their own trade disputes with...