CNBC Utilities Page Wires

  • WASHINGTON, Dec 18- The White House said on Tuesday it was searching for ways to unilaterally fund the building of a controversial wall on the U.S.- Mexico border that Congress is balking at, possibly easing chances of a government shutdown this weekend. Previously, Trump had demanded that Congress approve $5 billion in new funds for the wall that he argues is...

  • Dec 18- Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed https://www.sec.gov/Archives/edgar/data/1310067/000119312518352074/d660929d8ka. h t m on Tuesday. Total costs related to closing 73 Sears stores and 28 Kmart stores in the third quarter ended Nov. 3 amounted...

  • S&P 500 E-MINI FUTURES FALL 0.18 PCT AS TRADING RESUMES; VOLUME AT 1,349 CONTRACTS.

  • Executives pointed to flashing signs around the world, calling out a sharp UK slowdown due to Brexit uncertainty, Germany's recent gross domestic product contraction and "yellow vests" unrest in France that threatens to spread to nearby nations. FedEx is a bellwether for the global economy and the results fueled concern that the United States may catch the "...

  • KIEV, Dec 18- The International Monetary Fund approved a new $3.9 billion stand-by aid agreement for Ukraine on Tuesday, intended to help the country maintain stability and the trust of investors as it heads into a choppy election period. Separately, the World Bank on Tuesday announced a $750 billion loan guarantee to help Ukraine raise an estimated $1 billion...

  • NEW YORK, Dec 18- Oil prices tumbled more than 5 percent on Tuesday in heavy trade due to fears of oversupply and deteriorating demand, extending a selloff that has taken major crude benchmarks down more than 30 percent from an October peak. U.S. crude and global benchmark Brent both extended declines in post-settlement trade after trade group The American...

  • Dec 18- U.S. chipmaker Micron Technology Inc on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to a supply glut just as both business and consumer demand has become wobbly. Net sales rose 16 percent to $7.91 billion, but missed analyst expectations of $8.02 billion. Net income attributable to the...

  • Dec 18- U.S. package delivery company FedEx Corp on Tuesday lowered its 2019 forecast, citing weakness in Europe and signs that global trade is faltering, sending its shares down 5.1 percent in after-hours trade. Memphis- based FedEx cut its fiscal 2019 earnings forecast to $15.50 to $16.60 per share, before year-end mark-to-market retirement plan accounting...

  • WASHINGTON, Dec 18- Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show, nine months after it suspended the program following a deadly accident in Arizona. In November, Uber said it was seeking permission from Pennsylvania to resume testing more than seven months after a...

  • BRUSSELS, Dec 18- Search company Yelp and lobby group Consumer Watchdog lost their joint bid to intervene in Google's challenge of a 2.4 billion euro EU antitrust fine after a court said they had no direct interest in the case. The Luxembourg- based General Court also rejected applications from other Google rivals, according to a ruling on its website...

  • S&P 500 E-MINI FUTURES FALL 0.90 PCT IN LATE TRADING.

  • KIEV, Dec 18- The International Monetary Fund approved a new $3.9 billion stand-by loan agreement for Ukraine, Ukrainian President Petro Poroshenko said in a statement on Facebook on Tuesday. The Finance Ministry said a first tranche of $1.4 billion should come by Dec. 25, and decisions on the next two tranches would come in May and November next year.

  • Market participants shirked riskier assets in emerging markets and exited bullish positions on the dollar, adding safe haven currencies such as Japan's yen and the Swiss franc to their portfolios. In the United States, the Dow Jones Industrial Average and the Nasdaq Composite recorded minor gains while the S&P 500 ended flat. "With expectations going into the...

  • KIEV, Dec 18- The International Monetary Fund approved a new $3.9 billion stand-by loan agreement for Ukraine, Ukrainian President Petro Poroshenko said in a statement on Facebook on Tuesday. The Finance Ministry said a first tranche of $1.4 billion should come by Dec. 25, and decisions on the next two tranches would come in May and November next year.

  • Dec 18- An advisory panel to the U.S. Food and Drug Administration on Tuesday recommended prescribing the opioid overdose reversal drug, naloxone, along with addictive painkilllers. Branded versions for treating opioid overdose include Adapt Pharma's Narcan nasal spray and Kaleo Inc's Evzio auto-injector. FDA studies found that co-prescribing naloxone...

  • *Energy stocks fall as oil prices tumble. NEW YORK, Dec 18- The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve. The S&P 500 had risen as much as 1.1 percent earlier in the session but...

  • RICHARDSON INTERNATIONAL SAYS IT HAS AGREED TO BUY WESSON BRAND OF CANOLA, VEGETABLE OILS FROM CONAGRA BRANDS.

  • KIEV, Dec 18- The International Monetary Fund approved a new $3.9 billion stand-by loan agreement for Ukraine, with a first tranche of $1.4 billion to be disbursed shortly, Ukrainian President Petro Poroshenko said in a statement on Facebook on Tuesday.

  • GASOLINE FUTURES EXTEND LOSSES SLIGHTLY IN POST-SETTLEMENT TRADE AFTER API DATA SHOW LARGER-THAN-EXPECTED BUILD IN STOCKPILES.

  • Dec 18- U.S. package delivery company FedEx Corp lowered its 2019 forecast, citing weakness in Europe, sending shares down 4.6 percent in after-market trading. Memphis- based FedEx cut its fiscal 2019 earnings forecast to $15.50 to $16.60 per share, before year-end mark-to-market retirement plan accounting adjustments and excluding TNT express integration...