CNBC Utilities Page Wires

  • NEW YORK— President Trump, South Korean President Moon sign trade agreement in first major pact for Trump trade agenda.

  • Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks. The S&P 500 index gave up 10.30 points, or 0.4 percent, to 2,919.37. The Russell 2000 index of smaller-company stocks shed 7 points, or 0.4 percent, to 1,705.32.

  • MAHWAH, N.J. _ Ascena Retail Group Inc. on Monday reported fiscal fourth-quarter net income of $33.2 million, after reporting a loss in the same period a year earlier. For the current quarter ending in November, Ascena Retail expects its results to range from a loss of 4 cents per share to earnings of 6 cents per share. Ascena Retail expects full-year revenue in the...

  • The IRS is giving business owners in the disaster area until Jan. 31 to file certain tax returns, including owners who got six-month extensions of the March and April filing deadlines for 2017 partnership and individual returns. Taxpayers don't need to file any documents with the IRS to get post-disaster relief as long as their address on record with the IRS is...

  • *U.S., China adopt more tit-for-tat tariffs in trade row. Soybean futures slumped as China- the world's top buyer of the oilseed- and the United States imposed fresh tariffs on each other's goods as part of an escalating trade war. The soybean market is particularly exposed to the dispute because the oilseed is the biggest U.S. agricultural export to China.

  • NEW YORK, Sept 24- New York's attorney general on Monday said the lawyer review website Avvo agreed to reform its rating system and improve disclosures after a probe revealed shortcomings in how it presented information to consumers seeking to hire lawyers. Attorney General Barbara Underwood said Avvo, a Seattle- based unit of Internet Brands Inc, will no...

  • Sept 24- Washington Real Estate Investment Trust is working with an adviser to sell its retail portfolio, Bloomberg reported on Monday, citing people familiar with the matter. The adviser has contacted potential buyers for the sale of the portfolio, which could fetch about $800 million, Bloomberg reported...

  • HURRICANE FLORENCE INSURED LOSSES WILL BE BETWEEN $2.8 BLN TO $5 BLN- RMS.

  • FLORENCE INSURED LOSS FIGURES INCLUDE WIND, STORM SURGE, INLAND FLOOD AND NATIONAL FLOOD INSURANCE PROGRAM LOSSES- RMS.

  • BUENOS AIRES, Sept 24- Argentine President Mauricio Macri said on Monday that the country was close to a deal with the International Monetary Fund to bolster a $50 billion credit line, while a government source said $3 to $5 billion in additional credit could be announced this week. Macri said in an interview with Bloomberg TV in New York that Argentina would...

  • Sept 24- Coffee retailer Starbucks Corp is planning an organizational shakeup, including corporate layoffs, Bloomberg reported on Monday. The leadership and organizational changes will begin this week and carry on into November, Chief Executive Officer Kevin Johnson said, according to the Bloomberg report. The changes will entail an undetermined number of...

  • Treasury yields across maturities were steady on Monday afternoon having mostly recovered from early losses on a flurry of conflicting reports about whether Deputy Attorney General Rod Rosenstein, who is overseeing a Justice Department probe into Russia's role in the 2016 election, would leave his post. Yields initially fell 2 basis points after news site...

  • NEW YORK, Sept 24- Wall Street's three main indexes were lower on Monday after a new round of U.S.- China trade tariffs kicked in and investors expected an interest rate hike a day ahead of the U.S. But indexes steadied after the White House announced a Thursday meeting between President Donald Trump and Rosenstein, who oversees the special counsel's probe into...

  • NEW YORK/ LONDON, Sept 24- Raw sugar futures fell more than 4 percent to approach a one-month low on Monday, pressured by a weaker Brazilian currency and worries about possible exports from India, while New York cocoa rallied from a one-month low hit in the previous session. *October raw sugar settled down 0.46 cent, or 4.2 percent, at 10.38 cents per lb, after falling to...

  • UK CABINET AGREES ON POST-BREXIT MIGRATION PLAN THAT FOCUSES ON ATTRACTING HIGH-SKILLED MIGRANTS BUT KEEPS ROUTE OPEN FOR COMPANIES TO HIRE LOW-SKILLED FOREIGN WORKERS- FINANCIAL TIMES.

  • NEW YORK— Robert Greenblatt, who has run NBC's entertainment division for nearly eight years and engineered a comeback, said Monday that he is calling it quits and the network named two of his executives to replace him. Like all broadcast networks, NBC has been losing viewers in an age when streaming services are ascendant. But under Greenblatt, NBC has improved...

  • *Saudis, Russia rule out immediate rise in production. NEW YORK, Sept 24- Global Benchmark Brent crude jumped more than 3 percent on Monday to a four-year high above $80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. The Organization of the Petroleum Exporting Countries and non- OPEC states, including top...

  • UNITED NATIONS, Sept 24- The European Union and the United States are still in exploratory talks about how they can pursue a limited trade agreement, with no real negotiations yet started, EU Trade Commissioner Cecilia Malmstrom said on Monday. Malmstrom told reporters on the sidelines of the United Nations General Assembly that the two sides are looking at...

  • MUMBAI, Sept 24- Indian authorities sought to calm markets on Monday but investors paid little heed as fears that the non-banking financial sector is facing a credit crunch hit domestic bonds, stocks and the rupee, adding to Friday's selloff. His intervention came on the heels of assurances on Sunday from both the central bank, the Reserve Bank of India, and market...

  • Within hours, China retaliated by collecting taxes of 5 percent to 10 percent on 5,207 American goods, from honey to industrial chemicals, worth about $60 billion a year. China and the United States had earlier imposed 25 percent tariffs on $50 billion of each other's goods. Combined, the tariffs now cover nearly half the goods and services China sells America and...