CNBC Utilities Page Wires

  • RIO DE JANEIRO, Nov 19- A University of Chicago- trained economist named on Monday to head Brazil's Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production. Brazil's incoming far-right government announced Roberto Castello Branco as the next chief executive of...

  • WINNIPEG, Manitoba, Nov 19- Underwater surveys began on Monday after an oil spill off Canada's Atlantic coast as Husky Energy Inc and government agencies assessed a leak that temporarily shut down all crude production in the waters of Newfoundland& Labrador. The leak forced Husky's White Rose to shut down, along with all other producing oil projects in the area...

  • Nov 19- The U.S. Centers for Disease Control and Prevention said on Monday it has established a task force to assist in an ongoing investigation into a rare condition that affects the nervous system and which has been detected in over 100 people this year. The taskforce will help define the cause of and improve treatment for patients with acute flaccid myelitis...

  • NEW YORK, Nov 19- Commodities trading adviser OptionSellers.com suffered losses due to recent volatility in U.S. energy markets, causing accounts to be liquidated, the firm's clearinghouse, INTL FCStone Inc, said in a statement on Monday. The liquidation of Tampa, Florida- based OptionSellers accounts comes after one of the most volatile weeks in the U.S. natural...

  • NEW YORK, Nov 19- Apollo Global Management LLC and billionaire co-founder Leon Black said on Monday they have uncovered proof that a former executive suing them for $1.5 billion stole confidential information as he prepared to bolt the private equity firm and compete with it. The allegations were made in response to a July 12 lawsuit in which the former...

  • L Brands appointed John Mehas as the CEO of Victoria's Secret, replacing Jan Singer. The company also raised its full-year 2018 profit forecast range to $2.60 to $2.80 per share, from $2.45 to $2.70, its first raise after cutting in the previous two quarters. Excluding items, L Brands earned 16 cents per share, 1 cent above Wall Street estimates.

  • Nov 19- A vaccine to prevent infections caused by the deadly mosquito-borne Zika virus induced immune response and was found to be safe in an early stage trial, Emergent BioSolutions Inc and partner Valneva SE said on Monday. First discovered in 1947, the Zika virus reached epidemic proportions in Brazil in 2015, when thousands of babies were born with birth...

  • NEW YORK, Nov 19- Commodities trading adviser OptionSellers.com suffered losses due to recent volatility in U.S. energy markets, causing accounts to be liquidated, the firm's clearinghouse, INTL FCStone Inc, said in a statement on Monday. The liquidation of Tampa, Florida- based OptionSellers accounts comes after one of the most volatile weeks in the U.S. natural...

  • RIO DE JANEIRO, Nov 19- A University of Chicago- trained economist named on Monday as the next chief of Brazil's Petrobras has quickly thrown his support behind the sale of the state oil company's non-core assets and called for it to focus on exploration and production. Brazil's incoming far-right government announced Roberto Castello Branco as the next chief...

  • Nov 19- Latin American stocks and currencies fell on Monday as concerns about global trade in light of U.S.- China trade tensions prompted investors to cut exposure to riskier emerging market assets. The United States kept up its tough rhetoric against China over the weekend. Vice President Mike Pence said there would be no end to tariffs on $250 billion of...

  • NEW YORK, Nov 19- U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. Conflicting signals over the state of play between the United States and China on their trade dispute added to caution in the market.

  • *OPEC expected to cut supply to prevent glut. *Russia says it will discuss deal with OPEC on Dec. 6. NEW YORK, Nov 19- Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.

  • LONDON, Nov 19- Federal Reserve Governor Randal Quarles is set to be appointed the new head of the Financial Stability Board in a bid to keep a skeptical United States engaged in the international body, two people with knowledge of the discussions said on Monday. Klaas Knot, president of the Dutch Central Bank, was also on the shortlist for chair and will become the...

  • NEW YORK, Nov 19- U.S. stocks dropped on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.

  • Nov 19- The Canadian dollar edged lower against its U.S. counterpart on Monday, straying close to the nearly four-month low touched last week, as trade tensions between the United States and China continued to weigh on investors' risk appetite. Vice President Mike Pence said in a blunt speech on Saturday that there would be no end to U.S. tariffs on $250 billion of...

  • *Deutsche confirms acted as correspondent bank for Danske in Estonia until 2015. COPENHAGEN, Nov 19- The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions under scrutiny. A Deutsche Bank...

  • CHICAGO, Nov 19- U.S. soybean futures fell 2.1 percent on Monday, hitting their lowest since Nov. 8, as a lack of consensus at a meeting of Asia-Pacific leaders cooled hopes of Washington and Beijing resolving a trade dispute that has disrupted U.S. soybean exports to China. Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday...

  • It also highlights the problems at GE Power. "One of my top priorities is positioning our businesses to win, starting with GE Power," Culp said in a statement. GE also named Scott Strazik, CEO of GE Power's repair and maintenance business, to be CEO of Gas Power, overseeing both equipment sales and services.

  • NEW YORK, Nov 19- The dollar dropped to two-week lows on Monday, pressured by cautious comments about the U.S. economy from Federal Reserve officials suggesting the central bank may be nearing the end of its tightening cycle. Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan on Friday raised concerns over a potential global slowdown that has...

  • NEW YORK, Nov 19- The Nasdaq slumped nearly 3 percent and the Dow and S&P fell more than 1 percent on Monday as investors pulled out of Apple and internet shares, while conflicting signals over the state of play between the United States and China on their trade dispute added to caution. Shares of Apple Inc fell 3.5 percent after the Wall Street Journal reported the...