CNBC Utilities Page Wires

  • CHICAGO, Nov 20- Boeing Co has canceled a conference call it had scheduled for Tuesday morning with airlines to discuss systems on the 737 MAX model that crashed in Indonesia last month, two sources familiar with the matter said. Boeing was not immediately available to comment and it was not clear whether the call was being rescheduled. All 189 people on board a 737...

  • "With the sector's relative outperformance over the last three months, it appears that investors are not convinced in-line results are enough to perform against Q4's difficult comparisons," RBC Capital Markets analyst Brian Tunick said. Kohl's raised the lower end of its adjusted full-year earnings forecast to $5.35- $5.55 per share from its prior forecast...

  • BRENT CRUDE OIL FUTURES EXTEND LOSSES, FALL $1.18 TO $65.61 A BARREL.

  • LONDON, Nov 20- Uncertainty about Brexit negotiations are not hurting sales at easyJet, CEO Johan Lundgren said on Tuesday, adding the British budget airline is well-prepared should the UK leave the European Union without a deal next March. "There doesn't seem to be any concern for people to book their holidays and go away for next summer," easyJet CEO Johan...

  • CHICAGO, Nov 20- Campbell Soup Co on Tuesday reported a smaller-than-expected decline in quarterly earnings, sending shares of the embattled soup maker up 5.4 percent in premarket trading. Net earnings attributable to the company fell to $194 million, or 64 cents per share, in the first quarter ended Oct. 28, from $275 million, or 91 cents per share, a year earlier.

  • Spot gold rose 0.1 percent to $1,225.56 per ounce at 1237 GMT, having earlier hit its highest since Nov. 8 at $1,226.56. "is relatively sideways at the moment... gold does not have its own momentum behind it, it is simply responding to external forces rather than any energy and vigour of its own," said Ross Norman, chief executive officer of Sharps Pixley.

  • LONDON, Nov 20- Many of the world's top drugmakers are not doing enough to provide medicines to poor countries, leaving big gaps in access to treatments in crucial disease areas, including cancer, according to a new report on Tuesday. The non-profit Access to Medicine Foundation found companies overall were doing more than in the past to reach under-served...

  • Target's performance spooked investors during the critical holiday season as competitors including Walmart Inc and Macy's Inc boosted sales during the same period. The Minneapolis- based retailer said it gained market share in all key product categories in the quarter and remained confident it could reach its earlier full-year earnings outlook and hold...

  • PARIS, Nov 20- Nissan's investigation into alleged misconduct by Chairman Carlos Ghosn is expanding to include Renault-Nissan finances, sources told Reuters- a sign that Nissan may seek to loosen its French parent's hold on their global carmaking alliance. Nissan told Renault's board on Monday it had evidence of potential wrongdoing at Renault-Nissan BV,...

  • *Ghosn in no position to lead- French finance minister. PARIS/ TOKYO, Nov 20- France urged Renault on Tuesday to replace CEO Carlos Ghosn a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker's alliance with Nissan, which has been rocked by the scandal. "Carlos Ghosn is no longer in a position where he is capable of...

  • *Bitcoin payments down almost 80 percent Jan-Sept- Chainalysis. LONDON, Nov 20- The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfil one of the basic features of any payment currency: stability. "There would have to be a stability requirement if it is to become another form of money," said...

  • *Soybean focus on U.S./ China trade war. HAMBURG, Nov 20- U.S. soybeans, wheat and corn firmed on Tuesday, underpinned by buying interest after sharp falls in the previous session as uncertainty over the U.S./ China trade dispute continued to weigh on the market. A meeting of Asia-Pacific leaders dampened hopes of Washington and China resolving their trade dispute...

  • NEW YORK, Nov 20- The U.S. Environmental Protection Agency will propose new targets for the final three years of the nation's renewable fuel program in January, replacing ambitious decade-old goals set by Congress with volumes closer to the industry's current output, two people familiar with the matter said. The two sources, who requested anonymity because...

  • LONDON, Nov 20- British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit. Electrocomponents, which stocks more than half a million industrial and electronics products, said it would spend 30 million...

  • *Italy/ Germany bond yield gap near widest in five years. In addition to the broader risk aversion prompted by a sell-off in U.S. tech stocks, Italy's standoff with the European Union over its 2019 budget prompted Italy's 10- year bond yield to briefly hit a one-month high at 3.71 percent, while Italian bank stocks fell to a two-year low. Investors appeared soothed...

  • Nov 20- Best Buy Co Inc raised its full-year earnings forecast on Tuesday after it sold more mobile phones, home theater systems and gaming consoles in the third quarter, helping it top Wall Street sales estimates. The Richfield, Minnesota- headquartered company now expects full-year adjusted earnings of between $5.09 and $5.19 per share, compared with an...

  • Excluding items, Target earned $1.09 per share in the quarter, below the average estimate of $1.12 per share. The retailer remained confident it could reach its earlier full-year earnings outlook, hoping its investments help it compete against online behemoth Amazon.com Inc and brick-and-mortar rivals like Walmart Inc during the key holiday season.

  • Nov 20- Lowe's Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses as the country's second-biggest home improvement chain strives to compete with rivals including Home Depot. Lowe's said it was looking at all options for its chain of 13 stores in Mexico and that it was "exiting" its U.S. contracting...

  • LONDON, Nov 20- Bank of England Governor Mark Carney gave his backing to a Brexit deal struck by British Prime Minister Theresa May, saying the alternative of leaving the European Union with no transition could be akin to the 1970 s oil shock. May agreed with Brussels last week on a deal for Britain's withdrawal from the EU in little more than four months' time.

  • Shares of Apple Inc lost 1.4 percent in premarket trading, putting it on course for its seventh decline in the past nine sessions, and around 20 percent down from a peak earlier this year that valued it at more than $1 trillion. Chipmakers Advanced Micro Devices Inc and Micron Technology Inc both lost more than 3 percent while Nvidia Corp and Intel Corp fell 2.3...