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CNBC Utilities Page Wires

  • NEW YORK, July 20- The amount of office leasing by "coworking" firms in Manhattan is nearing 10 percent of all new leases, a sign of growing demand for short-term contracts by companies seeking workspace but a warning for a potential mismatch in assets and liabilities. Coworking, in which tenants share workspaces, is driven by strong demand for knowledge-based...

  • *Raises 2018 EPS forecast to $8.05- $8.15 from $7.85- $8.05. EPS of $2.12 beats estimate of $2.01. July 20- U.S. industrial conglomerate Honeywell International Inc said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world's two largest economies.

  • July 20- U.S. energy companies this week cut oil rigs by the most since March as the rate of growth has slowed over the past month or so with recent declines in crude prices. That compares with averages of $50.85 in 2017 and $43.47 in 2016.. Looking ahead, crude futures were trading near $67 for the balance of 2018 and over $63 for calendar 2019.

  • July 20- The U.S. Environmental Protection Agency must reconsider its denial of Ergon's 2016 application for an exemption from the nation's biofuel laws after it relied on an "error-riddled" analysis, a federal appellate court judge ruled on Friday. The EPA relied on a recommendation from the Department of Energy that, among other things, failed to take into...

  • The U.S. Court of Appeals for the Federal Circuit said a tribunal run by the U.S. Allergan spokeswoman Amy Rose declined to comment. The company in September 2017 transferred the patents to New York's Saint Regis Mohawk Tribe, claiming the tribe's sovereign status meant the patents were immune from administrative review.

  • U.S. OIL DRILLERS CUT RIGS FOR FIRST WEEK IN THREE -BAKER HUGHES.

  • Spot prices for September delivery in Asia were assessed at $9.50 per million British thermal units, down 50 cents from the previous week. In the world's three-biggest LNG importers Japan, China and South Korea demand weakened or was set to drop later in the year. Two Arctic shipments from Russia's Yamal project flowed to China as ice melt along the Northern Sea...

  • President Donald Trump on Friday said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets. "We're down a tremendous amount," Trump said in an interview about trade imbalances with China on CNBC television broadcast on Friday. Around $505 billion of...

  • BERLIN, July 20- Chancellor Angela Merkel, vowing to stay in office despite stresses at home and abroad, said she would work on Germany's "under pressure" relationship with the United States but that Washington could no longer be relied on to deliver world order. At a wide-ranging news conference, Merkel described Germany's relationship with the United States as "...

  • July 20- A U.S. appeals court on Friday rejected a novel strategy adopted by drug company Allergan PLC to shield patents from review by an administrative court by transferring them to a Native American tribe. The U.S. Court of Appeals for the Federal Circuit said a tribunal run by the U.S. The company last year transferred the patents to New York's St. Regis Mohawk...

  • *Italy's FTSE MIB down 0.4 pct as political tensions weigh. President Donald Trump said in a CNBC interview he was ready to put tariffs on $500 billion of imported goods from China. Italy's FTSE MIB, down 0.4 percent, underperformed on reports of rising tensions within the country's coalition government.

  • *Italy bond yield rise on political noise. *Lawmaker Borghi: Italy will leave euro sooner or later. LONDON/ MILAN, July 20- Italian government bond yields rose on Friday after local media reported on tensions within the ruling coalition and a newspaper interview with a lawmaker raised more concerns about Rome's commitment to the euro.

  • ABU DHABI, July 20- China and the United Arab Emirates signed a raft of financial, business and trade agreements on Friday during a visit by President Xi Jinping to the UAE, underscoring energy-hungry Beijing's rapidly growing interest in the Middle East. As both a major energy exporter and a hub for international trade, the UAE is an important part of Xi's "Belt and...

  • WASHINGTON, July 20- U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp, a congressional source said on Friday. The company had made false statements about disciplining 35 employees involved with illegally shipping...

  • MOSCOW— Russia's space agency is confirming that federal security agents have searched two of its daughter operations, following a report that their workers were suspected of treason for cooperating with the West. The respected business newspaper Kommersant reported Friday that a criminal case for treason had been filed in connection with the alleged...

  • The shares of the Detroit Three automakers have been drifting down as Trump has escalated trade threats against China and Europe. So far, in a bid to reduce America's trade deficit with China and protect U.S. industries, Trump has imposed tariffs on steel and aluminum imports, and on a range of Chinese goods including Chinese-made vehicles, starting July 6.

  • APPEALS COURT REJECTS ALLERGAN BID TO SHIELD DRUG PATENTS THROUGH DEAL WITH NATIVE AMERICAN TRIBE.

  • FEDERAL CIRCUIT COURT SAYS TRIBAL SOVEREIGN IMMUNITY CANNOT BE USED TO PREVENT GOVERNMENT PATENT REVIEW.

  • NEW YORK, July 20- Longer-dated U.S. government bond yields moved higher on Friday, steepening the Treasury yield curve, after President Donald Trump reiterated his criticism of the Federal Reserve's pace of rate hikes, saying it takes away from the United States' "big competitive edge" and could hurt the U.S. economy. Trump, in posts on Twitter, also lamented the...

  • NEW YORK, July 20- Healthcare company Bayer on Friday said it would discontinue the sale of its birth control product Essure in the United States, citing a decline in sales of the implantable device which made the business no longer sustainable. Friday's decision follows an announcement by the company in September 2017 to discontinue the sale of the...