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CNBC Utilities Page Wires

  • NEW YORK— Disney boosts its offer for most of Twenty-First Century Fox, bidding war with Comcast heats up.

  • DOWNERS GROVE, Ill. _ Roadrunner Transportation Systems Inc. on Wednesday reported a loss of $23.3 million in its fourth quarter. On a per-share basis, the Downers Grove, Illinois- based company said it had a loss of 61 cents. For the year, the company reported a loss of $91.2 million, or $2.37 per share, swinging to a loss in the period.

  • FOREST CITY, Iowa _ Winnebago Industries Inc. on Wednesday reported fiscal third-quarter net income of $32.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share. Four analysts surveyed by Zacks expected $542.4 million.

  • JIASHAN, China _ ReneSola Ltd. on Wednesday reported first-quarter net income of $5.4 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Jiashan, China- based company said it had net income of 14 cents. ReneSola expects full-year revenue in the range of $130 million to $140 million.

  • Imagine that you are looking for a used car on a popular site, such as Autotrader, Cars.com or Craigslist. You find exactly the one you want, with a very attractive price. In the seller's reply, he volunteers that the car is such a great deal because he's a pilot and has had to relocate to the United Kingdom for a job with British Airways.

  • RIDGEVILLE, S.C.— Volvo Cars, the first major automaker to abandon cars powered solely by internal combustion engines, is officially opening its first plant in the United States. The Swedish carmaker aims to make 130,000 hybrid or all-electric vehicles a year at the South Carolina factory, once it reaches peak capacity. Volvo is officially opening the plant...

  • BRUSSELS— The European Union's state aid watchdog is ordering Luxembourg to recover 120 million euros in unpaid taxes from French electricity provider Engie. The watchdog, the European Commission, said Wednesday that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. It said that Luxembourg...

  • SEOUL, South Korea— Hyundai Motor Group says it has signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell. Under the multi-year agreement signed Wednesday, Hyundai's affiliates including Kia and Audi's parent company Volkswagen AG will share components, supply chains and patent licensing. Hyundai, the world's...

  • BERLIN— Chancellor Angela Merkel's Bavarian allies responded skeptically Wednesday to the German leader's agreement to a future eurozone budget, adding to a conflict over migration that has shaken the government. Bavaria's Christian Social Union party is locked in a dispute with Merkel over its demand that some migrants should be turned back at Germany's...

  • NEW YORK— Hey Alexa, what's my bank account balance? Regional banking giant U.S. Bank is the first bank to be on all three services— Alexa, Siri and Assistant. Credit card companies Capital One and American Express both have Alexa skills that allow customers to check their balances and pay bills.

  • CANBERRA, Australia— Telstra Corp., Australia's largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs— one in four employees— over three years in a bid to save 1 billion Australian dollars. Telstra shares fell more than 7 percent in early trading on the Australian stock market after the announcement to AU $2.70, its lowest price...

  • Britain's FTSE 100 gained 1.2 percent to 7,695.94. ASIA'S DAY: Japan's benchmark Nikkei 225 index rebounded 1.2 percent to close at 22,555.43 and South Korea's Kospi gained 1.0 percent to 2,363.91. Hong Kong's Hang Seng rose 0.8 percent to 29,696.17 and the Shanghai Composite in mainland China increased 0.3 percent to 2,915.73.

  • WASHINGTON— Washington, D.C., Mayor Muriel Bowser easily secured the Democratic Party nomination as she seeks a second term in office. Bowser, 45, a former member of the D.C. Council, defeated incumbent Mayor Vincent Gray in 2014.. The actual election in November is considered a formality in the District of Columbia, where the Republican Party holds little sway.

  • WASHINGTON— Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government form released Monday, as required by federal ethics rules, that he...

  • NEWBURGH, N.Y.— New York City is in the midst of a plumbing repair job of monumental proportions. Hard-hat workers are toiling deep underground, 55 stories beneath the Hudson River, to eliminate gushing leaks in an aging tunnel that carries half the city's water supply over 85 miles from Catskill Mountain reservoirs. "It's really the largest and most complex water...

  • ATLANTIC CITY, N.J.— Eight days before it plans to open, Atlantic City's Ocean Resort Casino will go before state gambling regulators to seek a casino license. The New Jersey Casino Control Commission will begin hearing Ocean Resort's licensing case Wednesday afternoon, and has set aside time on Thursday should more consideration be necessary.

  • LAS VEGAS— The Latest on the ratification of a contract covering unionized workers of MGM Resorts International in Las Vegas:. Housekeepers, bartenders, cooks, bellmen and other unionized workers of casino-resorts operated by MGM Resorts International in Las Vegas have approved a new contract. Thousands of unionized workers at Las Vegas casino-resorts...

  • SEOUL, South Korea— A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea's second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35...

  • BEIJING— One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China's report follows President Donald Trump's order for tariffs on additional Chinese goods in...

  • HONOLULU— Honolulu's mayor has vetoed a bill aimed at setting limits for what ride-hailing services such as Uber and Lyft can charge during peak demand. Mayor Kirk Caldwell said Tuesday he wants to see new technology blend with old. The bill sought to prevent "surge pricing" rates getting higher than the maximum fare set by the city.