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CNBC Utilities Page Wires

  • NEW YORK, April 24- A partner of a private equity firm with Chinese state backing was found guilty in a U.S. court on Tuesday of insider trading related to the attempted acquisition of Lattice Semiconductor Corp, prosecutors in New York said. Benjamin Chow, who co-founded Canyon Bridge Capital Partners, was convicted of securities fraud and conspiracy by a jury in...

  • Pecan growers and suppliers are hoping to sell U.S. consumers on the virtues of North America's only native nut as a hedge against a potential trade war with China, the pecan's largest export market. The Fort Worth, Texas- based American Pecan Council, formed in the wake of a new federal marketing order that allows the industry to band together and assess fees for...

  • CHICAGO _ First Industrial Realty Trust Inc. on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Chicago, said it had funds from operations of $47.7 million, or 38 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from...

  • Repatha sales, which more than doubled to $123 million, were higher than Wall Street expected, but the product "still has a long way to go to restore confidence that it has multi-billion-dollar sales potential," JP Morgan analyst Cory Kasimov said in a research report. Amgen posted first-quarter adjusted earnings of $3.47 per share, up from $3.15 a share a year...

  • BOSTON _ Boston Properties Inc. on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Boston, said it had funds from operations of $230.6 million, or $1.49 per share, in the period. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $1.49 per share.

  • DES MOINES, Iowa/ NEW YORK, April 24- Wells Fargo& Co investors gave strong backing to the bank's directors and executives on Tuesday, indicating they are ready to give its revamped leadership time to rebuild from scandal despite a noisy annual shareholder meeting. Wells Fargo executives said each of the bank's 12 director nominees received more than about 89...

  • WINTER HAVEN, Fla. _ CenterState Banks Inc. on Tuesday reported first-quarter net income of $35.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Three analysts surveyed by Zacks expected $113.1 million.

  • AMSTERDAM, April 24- The scrapping of a Dutch tax on dividends was "decisive" for Unilever in deciding whether it would choose the Netherlands or Britain as its base, according to memos released by the Dutch government as part of a domestic political row on Tuesday. Unilever delayed a decision until March 2018, citing a fevered political atmosphere surrounding...

  • LAKE FOREST, Ill. _ Packaging Corp. of America on Tuesday reported first-quarter net income of $140.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share. Four analysts surveyed by Zacks expected $1.63 billion.

  • UNIONDALE, N.Y. _ Flushing Financial Corp. on Tuesday reported first-quarter net income of $11.4 million. The holding company for Flushing Bank posted revenue of $64 million in the period. Flushing Financial shares have risen roughly 1 percent since the beginning of the year.

  • *10- year Treasury yield hits 3 pct. *S&P 500 and Dow post biggest declines since April 6. NEW YORK, April 24- Wall Street dropped sharply on Tuesday as warnings by bellwether companies of higher costs reverberated as the benchmark U.S. 10- year Treasury yield pierced the 3 percent level for the first time in four years.

  • GLEN ALLEN, Va. _ Markel Corp. on Tuesday reported a first-quarter loss of $64.3 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $8.71 per share. Three analysts surveyed by Zacks expected $1.61 billion.

  • WASHINGTON, April 24- The U.S. Environmental Protection Agency proposed a rule on Tuesday that would limit the kinds of scientific research it can use in crafting regulations, an apparent concession to big business that has long requested such restrictions. The measure was billed by EPA Administrator Scott Pruitt as a way to boost transparency for the benefit...

  • FOSHAN, China _ Bright Scholar Education Holdings Ltd. on Tuesday reported a loss of $2.5 million in its first quarter. On a per-share basis, the Foshan, China- based company said it had a loss of 2 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *OPEC- led supply cuts, strong demand lift prices. NEW YORK, April 24- Oil prices slipped on Tuesday as concerns the United States might reinstate sanctions against Iran faded somewhat, reducing worries about the future of Iranian exports. President Donald Trump and French President Emmanuel Macron pledged to seek stronger measures to contain Iran.

  • KNOXVILLE, Tenn. _ SmartFinancial Inc. on Tuesday reported first-quarter profit of $3.4 million. The Knoxville, Tennessee- based bank said it had earnings of 30 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ITASCA, Ill. _ First Midwest Bancorp Inc. on Tuesday reported first-quarter earnings of $33.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Five analysts surveyed by Zacks expected $160.4 million.

  • BIRMINGHAM, Ala. _ National Commerce Corp. on Tuesday reported first-quarter earnings of $9.1 million. The bank, based in Birmingham, Alabama, said it had earnings of 52 cents per share. National Commerce shares have climbed 13 percent since the beginning of the year.

  • TUPELO, Miss. _ Renasant Corp. on Tuesday reported first-quarter net income of $33.8 million. The holding company for Renasant Bank posted revenue of $135.9 million in the period. Renasant shares have risen 14 percent since the beginning of the year.

  • Earlier this month Reuters reported, citing a source, that the company was exploring a potential sale encouraged by activist shareholders, including Blackwells Capital LLC. Net income from continuing operations rose to $25 million, or 65 cents per share, in the quarter ended Feb. 24, from $24 million, or 65 cents per share, a year earlier. The company also said on...