CNBC Utilities Page Wires

  • The maker of Pratt& Whitney aircraft engines and Carrier air conditioners said net income attributable to shareholders fell to $1.24 billion, or $1.54 per share, in the second quarter ended Sept. 30, from $1.33 billion, or $1.67 per share, a year earlier. On an adjusted basis, the company earned $1.93 per share, beating analysts' average estimate of $1.81 per share,...

  • RIYADH, Oct 23- Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran. "We will decide if there are any disruptions from supply, especially with the Iran sanctions looming. Oil prices have rallied this year on expectations that the sanctions will strain...

  • *Hamburg plant struggles to absorb resurgent engine deliveries. PARIS, Oct 23- For two years Airbus faced a shortage of engines and had to slow jet deliveries. Now engines are arriving fast- but snags at a Hamburg plant where Airbus assembles best-selling jets is having trouble absorbing them, industry sources said.

  • Oct 23- Fifth Third Bancorp reported a 58 percent decline in quarterly profit on Tuesday, as provisions for bad loans and expenses jumped. Net income attributable to common shareholders fell to $418 million, or 61 cents per share, in the third quarter ended September, from $999 million, or $1.35 per share, a year earlier. https://reut.rs/2AnyaY8.

  • Oct 23- PulteGroup Inc reported a 63 percent rise in third-quarter profit on Tuesday, as it reined in rising building costs and revenue jumped by almost a quarter. The No.3 U.S. homebuilder's net income rose to $289.5 million, or $1.01 per share, in the third quarter ended Sept. 30, from $177.5 million, or 58 cents per share, a year earlier. Revenue rose 24.3 percent to...

  • Oct 23- Biogen Inc reported a 17.8 percent rise in third-quarter profit on Tuesday, driven by double-digit sales growth of its promising muscle disease treatment Spinraza. The U.S. biotech company said http://investors.biogen.com/static-files/fcb79637-8792-4da7-8f9c-81d4437e2dc9 net income rose to $1.44 billion, or $7.15 per share, in the third...

  • *Sale of tobacco firm stake pushed to next year. CAIRO, Oct 23- The Egyptian government's postponement of its share sales has raised concerns the budget deficit may widen this year and pushed private companies to delay their own share offerings. Egypt hopes the sales will raise badly needed funds for the state and boost the private sector as the country...

  • LONDON, Oct 23- The euro rose on Tuesday before a meeting of the European Commission on Italy's budget that could see Brussels take the unprecedented step of rejecting it and demanding changes. The dispute over Italy's spending plans and doubts about the leadership of Britain's prime minister who is mired in a stalemate over Brexit, means investors are...

  • The company bought Fidelis for $3.75 billion last year, giving it access to over 1.6 million members in New York. Revenue from the company's Medicaid business rose to $10.91 billion. Centene, which primarily focuses on government-backed health insurance plans, reported a net income attributable to the company of $19 million, or 9 cents per share, in the third...

  • *SoftBank COO Claure has also dropped out- Bloomberg. DUBAI/ TOYKO, Oct 23- SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, cancelled a speaking engagement at the kingdom's investment conference this week, a person close to the matter told Reuters. Nearly half of the more than $93 billion...

  • *All eyes on Italy's budget talks with EU. BUCHAREST, Oct 23- Poland's zloty eased while other Central European currencies were virtually unchanged in cautious trade on Tuesday due to uncertainties over Italy's budget plans that are to be discussed by the European Commission at a meeting later in the day. Central Europe is tightly integrated economically with...

  • BENGALURU, Oct 23- Gold jumped 1 percent to a more than three-month peak on Tuesday as investors took cover from a slide in global stocks and rising political and economic uncertainty, including concerns over Italy's spending plans. European shares were in the red after a slide in Asian markets, weighed down by negative sentiment over trade wars, Italy's...

  • *Expected to hit Mexico's Pacific coast on Tuesday afternoon. MAZATLAN, Mexico, Oct 23- Thousands of people were evacuated, buildings boarded up and classes canceled on Mexico's Pacific coast as Hurricane Willa threatened to batter tourist resorts with high winds and heavy rains on Tuesday. Residents on Monday night sealed off windows and doors with large...

  • Silica Holdings Inc, a supplier of frac sand used in extracting oil from shale fields, reported a 85 percent fall in quarterly profit on Tuesday, hit by higher merger and acquisition-related expenses. The company's net income fell to $6.3 million, or 8 cents per share, in the third-quarter ended Sept. 30, from $41.3 million, or 50 cents per share, a year earlier.

  • Oct 23- Centene Corp reported a 91 percent fall in quarterly profit on Tuesday, hit by higher expenses. Centene, which primarily focuses on government-backed health insurance plans, reported a net income of $19 million, or 9 cents per share, in the third quarter ended Sept. 30, compared to $205 million, or $1.16 per share, a year earlier. Total revenue rose to $16.18...

  • BRUSSELS, Oct 23- Apple Chief Executive Tim Cook is expected to stress the iPhone maker's commitment to privacy and backing for strong laws on both sides of the Atlantic to protect the use of data, according to remarks prepared for delivery at a Brussels event. Issues over how data is used and how consumers can protect their personal information have come under...

  • NEW YORK, Oct 23- Wende Zomnir has always had a passion for makeup- as an eighth grader, she was sent home from school for wearing too much. She first teamed with Sandy Lerner, cofounder of Cisco Systems Inc, and now the brand is owned by L'Oreal Group and sold by retailers including Sephora and Nordstrom. A: My first beauty job was behind an Elizabeth Arden counter at a...

  • How large a threat a slowdown in China's economic expansion poses could come into sharp relief as Wynn Resorts Ltd, chip makers and other companies that rely on China for growth post quarterly score cards. General Motors Co has suffered from shrinking Chinese auto sales and Volvo on Friday warned it expects truck demand in China to fall about 13 percent as the...

  • *U.S. sanctions against Iran to start Nov. 4. *South Korea imported no oil from Iran in Sept. LONDON, Oct 23- Oil prices dropped on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on Iran's crude exports that start next month.

  • *FTSE 100 down 1.2 pct as jitter. *FTSE 250 hits lowest since Feb 2017. The FTSE 100, on track for its worst monthly performance in a decade, was down 1.1 percent by 0941 GMT, after breaching technical support at 7,000 on the open.