×

CNBC Utilities Page Wires

  • May 21- U.S. stock index futures jumped on Monday, with manufacturers and chipmakers leading the gainers, after the United States and China put a potential trade war "on hold" while the world's two biggest economies work on a wider agreement. The United States and China have agreed to drop their tariff threats on billions of dollars worth of each country's goods, U.S.

  • May 21- Nabriva Therapeutics Plc said on Monday its drug to treat adults suffering from a type of pneumonia met the main goal of a late-stage study.

  • ROME, May 21 (Reuters)- Italy's anti-establishment 5- Star Movement and the far-right League will seek the backing of the president on Monday for their candidate to lead a coalition government whose plans to jack up spending have roiled financial markets. Italy's borrowing costs surged further on Monday, with two-year bond yields at their highest level since...

  • NICOSIA, Cyprus— A high-ranking official with Total says the French energy company is looking to expand its search for natural gas off Cyprus' south coast. Stephane Michel, Total's Middle East exploration chief, said Monday the company has applied for a license to search for hydrocarbons in Block 8, an area south of Cyprus where Italian company Eni is already...

  • *Italian yields soar; Italy- Spain yield gap widest in six years. LONDON/ MILAN, May 21- Italy's borrowing costs surged further on Monday and its stock market touched six-week lows as two anti-establishment parties that plan to ramp up spending appeared set to form a coalition government. The prospect of a spendthrift government taking shape in Italy- the euro...

  • ROME, May 21- Italy's anti-establishment 5- Star Movement and the far-right League will seek the backing of the president on Monday for their candidate to lead a coalition government whose plans to jack up spending have roiled financial markets. While the premier's name has not been confirmed, Italian media say the leading candidate is a little-known...

  • May 21- General Electric Co confirmed on Monday it will merge its transportation business that makes train engines with Wabtec Corp, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion. GE and its shareholders will own 50.1 percent of the combined company, while Wabtec shareholders will own the rest, the companies said in...

  • *Company fails to make bond payments of 2.09 bln yuan. *First bond default from company follows May 14 repayment warning. SHANGHAI, May 21- CEFC Shanghai International Group Ltd, a subsidiary of troubled China CEFC Energy, said on Monday it missed bond payments totalling 2.09 billion yuan, becoming the latest private Chinese company to default amid a crackdown on...

  • May 21- IT services provider Roper Technologies Inc said on Monday it would buy software company PowerPlan for $1.1 billion in an all-cash deal.

  • ROCHESTER, N.Y. _ Monro Muffler Brake Inc. on Monday reported fiscal fourth-quarter earnings of $17.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Four analysts surveyed by Zacks expected $283.9 million.

  • NEW YORK, May 21- U.S. small-cap stocks look poised to extend a breakout rally, especially if oil prices advance deeper into levels last seen in 2014 to drive further gains in the small energy companies that have provided leadership in recent week, analysts and investors said. The Russell 2000 index of small capitalization stocks closed at a record high for a third...

  • *Bank faced fraud charges over 2008 Qatar deal. Barclay denied the SFO's allegation that a $3 billion loan it made to Qatar in November 2008 was connected with a Qatari investment in the British bank which ultimately helped it avoid a British government rescue during the financial crisis, unlike its rivals Lloyds and Royal Bank of Scotland.

  • NEW YORK— Fifth Third Bancorp is buying Chicago's MB Financial for about $4.7 billion, mostly in stock. MB Financial Inc., the parent company of MB Financial Bank, has approximately $20 billion in assets. MB Financial shareholders will receive the equivalent of $54.20, or 1.45 shares of Fifth Third common stock and $5.54 in cash for each share of MB Financial...

  • BEIJING— China's government said Monday it cannot guarantee that renewed trade tension with Washington can be avoided after U.S. Mnuchin said Sunday the two sides were "putting the trade war on hold" following an announcement Beijing would "significantly increase" purchases of American farm goods, energy and other products and services.

  • May 21- Data firm IHS Markit Ltd said on Monday it will buy smaller rival Ipreo from private equity funds of BlackStone Group LP and Goldman Sachs for $1.86 billion to expand its customer base. "Ipreo has an extremely strong brand in financial markets and its services are a logical and highly complementary extension to our financial services business and our...

  • *U.S., China drop tariff threats amid work on wider deal. *Oil markets tight on OPEC- cuts, looming U.S. sanctions vs Iran. LONDON, May 21- Oil held in positive territory on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China "on hold."

  • LONDON, May 21- A British court has dismissed charges brought by the Serious Fraud Office against Barclays over its 2008 capital raising, Barclays said on Monday. As part of the fundraising the bank was alleged to have given Qatari investors an illegal loan which was then used to prop up its shares during the banking crisis. Charges against Barclays and its...

  • A pedestrian talks on a mobile phone as she walks past a Verizon Wireless retail store in Washington, D.C.

    The FCC said it was referring reports that a website flaw could have allowed the location of mobile phone customers to be tracked to its enforcement bureau to investigate.

  • LONDON, May 21- Sterling fell to its lowest in nearly five months on Monday as the dollar surged and investors prepared for data that could determine whether the Bank of England raises interest rates this year. Sterling slumped half a percent to $1.3392, its lowest since Dec. 28, as the dollar soared on reports that the United States was putting its trade war with...

  • *U.S. wants to sell China more oil, gas and food products. SINGAPORE/ BEIJING, May 21- China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale. The U.S. trade war with China is "on hold" after...