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CNBC Utilities Page Wires

  • *Dubai's Emirates NBD closes up 8.4 percent. *In Qatar, Commercial Bank and Doha Bank defy downgrade. DUBAI, May 22- United Arab Emirates stocks led regional gains on Tuesday, with Dubai's market bolstered by a surge in Emirates NBD after it agreed to buy Turkish lender Denizbank for $3.2 billion.

  • The company also raised its full-year adjusted profit forecast to $4.04 to $4.10 per share, from $4.00 to $4.08. The company's net income jumped 33.6 percent to $716.4 million, or $1.13 per share, in the quarter ended May 5, from a year earlier. The Framingham, Massachusetts- based company posted an 11.6 percent rise in net sales to $8.69 billion, beating analysts'...

  • WASHINGTON— Congressional Democrats want to give a big salary bump to teachers and pay for it by canceling the tax cut for the nation's top 1 percent of earners. Senate Democratic Leader Chuck Schumer and House Democratic Leader Nancy Pelosi on Tuesday are expected to propose giving states and school districts $50 billion over a decade for teacher raises and...

  • BRUSSELS, May 22- Facebook Chief Executive Mark Zuckerberg will meet with leaders of the European Parliament on Tuesday to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy. The meeting comes three days before tough new European Union rules on data protection take effect. Zuckerberg will stress...

  • The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share. Seven analysts surveyed by Zacks expected $8.5 billion. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.10.

  • Environmental inspections at secondary lead smelters in China have reduced supply in recent months, analysts said. Nugent said he was wary of the rally due to heavy speculation in China. *CRACKDOWN: "Authorities are clamping down on recycling plants in China, which are the source of nearly 60 percent of lead," ANZ said in a note.

  • *European shares near four-month, Italy bond sell-off relents. LONDON, May 22- European shares inched toward four-month highs on Tuesday, as an easing of pressure on Italy's debt markets coincided with China's latest move to open up its giant economy to the rest of the world. A pause in the dollar's recent rally also meant respite for some battered emerging...

  • May 22- Off-price apparel retailer TJX Cos Inc reported better-than-expected quarterly comparable-store sales on Tuesday, as deep discounts helped drive more customers into its stores. The company's net income rose to $716.4 million, or $1.13 per share, in the first quarter ended May 5, from $536.3 million, or 82 cents per share, a year earlier.

  • LONDON, May 22- Sovereign wealth fund flows to stock and bond strategies managed by external asset managers turned net positive in the first quarter for the first time since 2014, data from research firm eVestment showed on Tuesday. A net $4.3 billion was placed with third-party fund managers by sovereign investors in the first three months of 2018 compared...

  • NEW DELHI, May 22- India's antitrust regulator has approved the acquisition of U.S. seed major Monsanto Co by Bayer AG, in a decision that moves the $62.5 billion deal a step closer to the finish line. Both Bayer and Monsanto had subsidiaries in India, making it mandatory for them to receive clearance from the Competition Commission of India. Bayer last week said...

  • The turbo-charged expansion has outpaced even China's voracious demand for the metal, inciting increasing protestation from the rest of the world over the resulting flow of exports and lack of transparency from China's alumunium sector. Given China's central role in the aluminum market and trade dynamics, it's curious how hazy its internal workings are.

  • The turbo-charged expansion has outpaced even China's voracious demand for the metal, inciting increasing protestation from the rest of the world over the resulting flow of exports and lack of transparency from China's alumunium sector. Given China's central role in the aluminium market and trade dynamics, it's curious how hazy its internal workings are.

  • *European Union strengthens privacy rules. FRANKFURT, May 22- Big companies are used to harvesting vast amounts of data from customers to find out what makes them tick. While laws in Germany and some other European countries already allowed individuals to see what data companies held about them, the EU's General Data Protection Regulation coming in on May 25 has...

  • LONDON, May 22- The dollar's rally faltered on Tuesday as Treasury yields dipped after a broad surge in the currency prompted by easing U.S.- China trade tensions. The prospect on Monday of a resolution to the U.S.- China trade conflict supported the dollar. On Tuesday, China said it would cut import tariffs for automobiles, opening greater access to the worlds...

  • SYDNEY May 22- Australia's Santos on Tuesday ended talks with Harbour Energy and rejected the U.S.-based firm's $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge. Santos said both Brent oil and the share prices of its Australian Securities Exchange-listed energy peers had risen since Harbour made an indicative...

  • NEW DELHI, May 22- At least nine died after police fired at protestors calling for closure of a Vedanta Resources-controlled copper smelter in South India, a senior police official told Reuters on Tuesday. "Nine people have been confirmed dead," said the official, Kapil Kumar Saratkar. Scores of protesters in the port city of Thootukudi in Tamil Nadu state set...

  • HYDERABAD, India _ Dr. Reddy's Laboratories Ltd. on Tuesday reported fiscal fourth-quarter profit of $47 million. On a per-share basis, the Hyderabad, India- based company said it had net income of 28 cents. For the year, the company reported profit of $152.1 million, or 92 cents per share.

  • *Venezuela vote increases concern about its oil supply. *OPEC cuts, looming U.S. sanctions on Iran also support. LONDON, May 22- Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

  • BISMARCK, N.D.— A Denver- based company operating in the Bakken oil patch says employees failed to report five spills in northwest North Dakota dating to October. Zavanna vice president Cody Duran tells The Bismarck Tribune three spills occurred at the same saltwater disposal well last year and two spills occurred at different sites in January.

  • LEBANON, Tenn. _ Cracker Barrel Old Country Store Inc. on Tuesday reported fiscal third-quarter earnings of $48.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share. This story was generated by Automated Insights using data from Zacks Investment Research.