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CNBC Utilities Page Wires

  • MOSCOW, April 19- The Russian government issued a decree on Thursday requiring telecoms operators to store all user communications for 30 days starting from Oct. 1, 2018, the RIA news agency reported. The law, passed in 2016, originally envisaged that operators had to begin storing all user-generated data including voice calls and messages for six months...

  • April 19- American International Group Inc said it has formed two new entities in Luxembourg and the UK to ensure little disruption to the company's insurance coverage in Europe when Britain exits the European Union. The insurer currently writes business in Europe from UK- based insurance company AIG Europe Ltd, and has branches across the European Economic...

  • Conventional wisdom about credit cards is often black and white, from whether you should use cards at all to which types deserve a slot in your wallet. But personal finance is just that— personal, experts say. "Financial advice is best when it is not one-size-fits-all," said Bruce McClary, spokesman for the National Foundation for Credit Counseling.

  • April 19- Canada's main stock index was slightly lower on Thursday, as declines in financials and consumer cyclical companies weighed, but strong gains in energy shares that benefited from a rally in oil prices kept further losses in check. *At 9:52 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was down 8.89 points, or 0.06 percent, at 15,521.08...

  • LONDON, April 19- Global debt has never been higher, the IMF said this week, urging countries to take advantage of current strong GDP growth rates and reduce it before economic and financial stability come under serious threat. Certainly, some of the figures in the IMF's latest fiscal report were eye-catching: debt at the end of 2016 was $164 trillion, or 225 percent...

  • NEW YORK/ LONDON, April 19- Drugmaker Shire has rejected a third takeover bid worth nearly $63 billion from Japan's Takeda Pharmaceutical, although talks are continuing, while sources said Allergan was also in competing negotiations. Buying London- listed Shire would be the largest ever overseas acquisition by a Japanese company and propel Takeda, led by...

  • Average long-term U.S. mortgage rates climbed this week in response to higher yields for 10- year US Treasury notes.

  • MOSCOW— The Kremlin says a temporary nationalization of aluminum producer Rusal is being discussed after the company was hit by United States sanctions. President Vladimir Putin's spokesman Dmitry Peskov says nationalization is "one of the viewpoints which is being actively discussed" as the government mulls how to support Rusal. Earlier this month, the U.S....

  • GOING SHOPPING: Procter& Gamble agreed to buy Merck KGaA's consumer health business for about $4.2 billion. That weighed on Procter& Gamble's shares, which declined 3.1 percent to $75.05. DEAL HURDLE: Qualcomm slid 4.2 percent to $52.90 after the Chinese government said it still has concerns about the company's deal to buy NXP Semiconductors.

  • PRAGUE, April 19- State-run Chinese conglomerate CITIC and CEFC Europe, the Czech-based unit of China's CEFC, have signed a memorandum of understanding to establish a joint venture, the Czech president's spokesman said. Zeman is pursuing closer economic ties with China, and CEFC has been a top Chinese investor in the central European country.

  • April 19- Botox maker Allergan Plc is in talks to acquire Shire Plc, competing against Japan's Takeda Pharmaceutical Co Ltd for the London- listed drugmaker, two sources familiar with the matter said on Thursday. It is not clear whether Allergan has submitted an offer, and there is no certainty of a bid, the sources said. Shire on Thursday said it had rejected an offer...

  • WASHINGTON— Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac says the average rate on 30- year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. The interest paid by the government is up along with the federal budget deficit in the wake of President Donald...

  • *Chip stocks tumble on TSMC's weak industry outlook. *P&G, Philip Morris weigh on consumer staples sector. April 19- Wall Street slid on Thursday morning, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter& Gamble.

  • LONDON, April 19- Sterling dipped on disappointing UK retail sales data on Thursday, before recovering as investors remained confident the Bank of England will hike interest rates next month. The data hasn't given that added incentive for sterling to push on past those post-Brexit vote highs, "ING FX analyst Viraj Patel said. The pound rose 0.2 percent to $1.4238...

  • DETROIT— There may be a ghost in the machine in about 3,300 Indian brand motorcycles. Documents posted by the National Highway Traffic Safety Administration say corrosion in the switch can cause an electrical short. Affected models include certain Indian Chief, Chief Classic, Chief Dark Horse, Chief Vintage, Chieftain, Chieftain Classic, Chieftain Dark Horse,...

  • MINSK, Belarus— The parliament in Belarus has passed a measure prohibiting internet users from commenting on forums without authorization and requiring online publications to register with the government as mass media. Under authoritarian President Alexander Lukashenko since 1994, Belarus has suppressed opposition and clamped down on independent...

  • PITTSBURGH _ PPG Industries Inc. on Thursday reported first-quarter net income of $353 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share. Five analysts surveyed by Zacks expected $3.73 billion.

  • SOUTH BEND, Ind. _ 1st Source Corp. on Thursday reported first-quarter earnings of $19.1 million. The South Bend, Indiana- based bank said it had earnings of 73 cents per share. The holding company for 1st Source Bank posted revenue of $83 million in the period.

  • *5 G and ZTE setback offer brighter prospects. STOCKHOLM/ LONDON, April 19- Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE. ZTE has snatched market share in Europe and the...

  • LONDON, April 19- Cocoa futures rose on Thursday, buoyed by technically-driven fund buying, while the market awaited first quarter North American grind data due to be released later in the day. *July New York cocoa was up $10, or 0.4 percent, at $2,810 a tonne at 1336 GMT. *First quarter grind data from Europe and Ivory Coast, released on Wednesday, showed year-on-year...