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CNBC Utilities Page Wires

  • RIO DE JANEIRO, July 20- Brazil's state-led oil company Petrobras entered the binding phase for the partial sale of four concessions in the deep off-shore waters of the Sergipe-Alagoas Basin, the company said in a securities filing on Friday. The concession sales, which do not involve transfer of control over the operations, include the following blocks:...

  • WASHINGTON, July 20- The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday. The U.S. Senate has revived a bill, called DETER, that would allow for swift sanctions if Moscow was found meddling in future U.S. elections. Top U.S. energy company Exxon Mobil is among the...

  • The new drug, GlaxoSmithKline's Krintafel, only targets the kind of malaria that mainly occurs in South America and Southeast Asia. Most malaria cases and deaths are in Africa, and they involve another species. The Food and Drug Administration approved the drug for patients 16 and older, according to GlaxoSmithKline.

  • SAO PAULO, July 20- The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, U.S. Asked whether he was concerned that China may be using its currency as a weapon in an escalating trade fight with the United States, Mnuchin said: "I'm not saying whether it's a weapon or not a weapon.

  • July 20- Woodside Petroleum Ltd, Australia's biggest independent oil and natural gas company, has decided to pull out of Sempra Energy's Port Arthur liquefied natural gas export project in Texas, Sempra said on Friday. Gulf Coast LNG infrastructure investments like Port Arthur LNG, " California- based Sempra said in a statement. Sempra and Woodside had agreed to...

  • July 20- A federal appeals court in San Francisco on Friday rejected the Trump administration's renewed bid to dismiss a lawsuit by young activists who say the U.S. government is ignoring the perils of climate change. By a 3-0 vote, the 9th U.S. Circuit Court of Appeals said the government fell short of the "high bar" needed to dismiss the Oregon case, originally...

  • WASHINGTON— President Donald Trump is promoting a lopsided view of agricultural trade as he assails "bad Trade Deals with other countries." Canada charges 275% on Dairy. Trump has several times cited 15 years of trouble for U.S. farmers even as his Agriculture Department highlights the fact that U.S. exports of food products have grown "steadily over the last two...

  • July 20- The city of Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp, for knowingly contributing to what the city called the catastrophic consequences of climate change. Baltimore is vulnerable to any rise in sea level because it has 60 miles of coastline and one of the country's...

  • WASHINGTON— Congress is abandoning an effort to clamp down on the Chinese telecom giant ZTE in a defense bill, essentially green-lighting the Trump administration's deal to save a company that was accused of selling sensitive information to hostile regimes, aides said Friday. ZTE was almost forced out of business after being accused of selling sensitive...

  • By a 3-0 vote, the 9th U.S. Circuit Court of Appeals in San Francisco said the government fell short of the "high bar" needed to dismiss the Oregon case, originally brought in 2015 against the administration of President Barack Obama. A trial is scheduled for Oct. 29 in the federal court in Eugene, Oregon. Representatives of the U.S. Department of Justice did not...

  • U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency. The Russell 2000 index of smaller-company stocks slumped 4.50 points, or 0.3 percent, to 1,696.81.

  • *Trump threatens tariff on all $500 bln worth of Chinese goods. NEW YORK, July 20- U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft.

  • SAO PAULO, July 20- U.S. Treasury Secretary Steven Mnuchin issued a warning to China over the recent weakness of its yuan currency on Friday, telling Reuters that the Treasury is closely monitoring the yuan for signs of manipulation. "There's no question that the weakening of the currency creates an unfair advantage for them," Mnuchin said of China.

  • LOS ANGELES— James Gunn was fired Friday as director of "Guardians of the Galaxy Vol. 3" because of old tweets that recently emerged where he joked about subjects like pedophilia and rape. Walt Disney Studios Chairman Alan Horn said in a statement that the tweets are indefensible, and the studio has severed ties with Gunn. The "Guardians" franchise stars Chris Pratt,...

  • LAS VEGAS— The unprecedented move from MGM Resorts International to sue hundreds of victims of last year's mass shooting in Las Vegas using an obscure U.S. law never tested in court has been framed by the casino-operator as an effort to avoid years of costly litigation— but the legal maneuver may not play out that way. MGM argues that the Oct. 1 shooting met two...

  • WASHINGTON, July 20- Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp, for knowingly contributing to what the city called the catastrophic consequences of climate change. Baltimore is vulnerable to any rise in sea level because it has 60 miles of coastline and one of the...

  • Among major oil- and gas-producing states, New Mexico gained four rigs and Ohio and Wyoming each increased by one. Texas lost five rigs, Oklahoma decreased by three, Louisiana lost two and Alaska, North Dakota and West Virginia each decreased by one. Arkansas, California, Colorado, Pennsylvania and Utah were unchanged.

  • PHILADELPHIA _ Prudential Bancorp Inc. on Friday reported net income of $2.4 million in its fiscal third quarter. On a per-share basis, the Philadelphia- based company said it had profit of 26 cents. Prudential Bancorp shares have increased roughly 10 percent since the beginning of the year.

  • NEW YORK, July 20- The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises. Wall Street and European stock markets stalled, despite good corporate earnings, after Trump threatened to impose...

  • MNUCHIN SAYS DOLLAR STRENGTH IMPORTANT FOR UNITED STATES IN THE LONG TERM, DECLINES COMMENT ON SHORT-TERM DOLLAR ISSUES.