×

CNBC Utilities Page Wires

  • WASHINGTON, June 21- The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Although the banks, including household names like JPMorgan Chase& Co, Citigroup Inc and Bank of America Corp,...

  • Car makers, technology and industrial companies fell Thursday as investors focused on the U.S.- China trade dispute, which could reduce company spending and earnings. The Dow Jones Industrial Average slipped for the eighth day in a row. The Russell 2000 index of smaller-company stocks shed 18.04 points, or 1.1 percent, to 1,688.95.

  • TEL AVIV, Israel _ Ellomay Capital Ltd. on Thursday reported a loss of $505,000 in its first quarter. The Tel Aviv, Israel- based company said it had a loss of 3 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Argentina stocks@ MEXICO CITY, June 21- Mexico'S peso firmed slightly on Thursday, supported by an interest rate hike by the central bank, while the stock market in Argentina soared after index provider MSCI upgraded the country to its emerging markets index. Latin American stocks broadly dipped in the wake of growing trade tensions between the United States...

  • WASHINGTON, June 21- The U.S. House of Representatives on Thursday approved a massive Republican farm bill with changes to the government food stamps program that make it unlikely to become law in this form. The Senate is considering its own farm bill with no major changes to the Supplemental Nutrition Assistance Program used by more than 40 million Americans,...

  • BUENOS AIRES, June 21- Argentine stocks surged on Thursday after index provider MSCI upgraded the country to its emerging markets index a day earlier, a respite from months of dismal economic news for market-friendly President Mauricio Macri. Investment bank Grupo Financiero Valores led gains, rising 18.3 percent to 7.4 pesos, while aluminum producer Aluar...

  • WASHINGTON, June 21- Oil and gas drilling gives off far more of the powerful greenhouse gas methane than the U.S. government estimates as leaky wells go unnoticed by federal regulators, scientists said on Thursday. The amount of methane leaked from U.S. oil and gas wells and related infrastructure in 2015 equaled about 2.3 percent of the country's overall...

  • Red Hat expects second-quarter revenue between $822 million and $830 million, and an adjusted profit of about 81 cents per share. Analysts on average expect revenue of $854.9 million and a profit of 89 cents per share. The company reported a net income of $113.2 million, or 59 cents per share, in the first quarter ended May 31, from $75.3 million, or 41 cents per share, a...

  • MEXICO CITY— Mexico's central bank has decided to raise its key interbank interest rate to 7.75 percent from 7.5 percent. The bank cited uncertainty around negotiations on the North American Free Trade Agreement and Mexico's upcoming July 1 elections. The Bank of Mexico said inflation decreased slightly in May to an annual rate of 4.51 percent.

  • San Diego June 21- Dr. Speaking in San Diego at the annual meeting of America's Health Insurance Plans, a health insurance trade association, Gawande also said that end-of-life care needs to take into account the wishes of patients, something which he said is now sorely lacking. Gawande, who practices general and endocrine surgery at Brigham and Women's Hospital...

  • *India to raise tariffs on range of farm, steel products. NEW DELHI, June 21- India, the world's biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against President Donald Trump's tariff hikes on steel and aluminium. New Delhi, incensed by Washington's...

  • Canadian dollar at C $1.3302, or 75.18 U.S. cents. *Loonie touches weakest since June 2017 at C $1.3336. "It is no surprise that the market is flat ahead of the OPEC meeting and critical reports on the consumer and inflation," said Adam Button, currency analyst at ForexLive.

  • BRUSSELS, June 20- Google, Facebook, Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favour of tougher copyright rules on Wednesday. The copyright rules, proposed by the European Commission two years ago, are designed to take account of the growing role of online platforms, forcing them to...

  • June 21- A Texas oil and gas businessman who called himself the "Frack Master" has been charged with securities fraud and money laundering in connection with a scheme that defrauded investors out of $62.6 million, U.S. prosecutors said on Thursday. Christopher Faulkner, 41, was arrested on Monday at the Los Angeles International Airport and charged in a criminal...

  • WASHINGTON— The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. Banks' losses from credit cards increased in the latest "stress tests," however. It was the eighth annual check-up for the banks, mandated by Congress after the 2008 financial crisis that triggered the Great Recession.

  • TOTAL LOSSES WOULD BE $578 BILLION; REMAINING HIGH-QUALITY CAPITAL LEVELS WOULD STILL BE WELL ABOVE THOSE SEEN BEFORE FINANCIAL CRISIS- FED.

  • WASHINGTON, June 21- The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Although the banks, including household names like JPMorgan Chase& Co, Citigroup Inc and Bank of America Corp,...

  • PARTICIPATING BANKS HAVE ADDED $800 BILLION IN COMMON EQUITY CAPITAL SINCE FINANCIAL CRISIS- FED.

  • General Motors Co., down 83 cents to $41.12. Kroger Co., up $2.55 to $28.73. Intel Corp., down $1.27 to $52.19.