CNBC Utilities Page Wires

  • BOSTON, Oct 23- A trade group representing top U.S. pension funds and asset managers, including BlackRock Inc and T. Rowe Price Group, will ask stock exchanges to limit how long companies may operate with unequal voting rights for shareholders. The move is meant as a compromise to solve one of the trickiest issues in American corporate governance, said Ken Bertsch,...

  • XUZHOU, China, Oct 24- In a former mining district in eastern China, authorities have shut dozens of pits and invested billions of yuan to resculpt the broken landscape, creating gardens, forest walks and wetland parks, as well as a small museum dedicated to coal. President Donald Trump said he was pulling the United States out of the Paris climate accord last year,...

  • Union Pacific, which connects 23 states in the western two-thirds of the United States, in April warned it was unlikely to achieve its profitability target in 2019 due to service problems and congestion on its rail network. In a memo, Omaha, Nebraska- based Union Pacific said it also would eliminate 200 contract positions. Additional cost-cutting efforts...

  • Oct 23- Kelly Coffey, the head of JPMorgan Private Bank, is leaving the company to take a new job, the Financial Times reported https://www.ft.com/content/76687fe8-d710-11e8-ab8e-6be0dcf18713 on Tuesday.

  • NEW YORK, Oct 23- Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local stores. The Minneapolis- based retailer will offer free two-day shipping on hundreds of thousands...

  • NEW YORK, Oct 23- Tesla Inc shares jumped more than 12 percent on Tuesday after long-time critic and short-seller Citron Research said it had a change of heart and is now betting the electric automaker's stock will rise. Chief Executive Elon Musk has promised a Model 3 ramp-up will help make Tesla profitable in the quarter, and has said the automaker should not...

  • On Track After Delays Earlier This Year@. *HAWAIIAN HOLDINGS CEO SAYS AIRBUS A321NEO DELIVERIES SUBSTANTIALLY BACK ON TRACK AFTER DELAYS EARLIER THIS YEAR. *HAWAIIAN HOLDINGS EXEC SAYS 2019 CAPACITY GROWTH TO BE LOWER THAN 5.5 PERCENT TO 6.5 PERCENT SEEN IN 2018 Source text for Eikon: Further company coverage:.

  • NEW YORK/ BATON ROUGE, La., Oct 23- A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes. Yet the sell-off, propelled by worries over rising tariffs and earnings of U.S....

  • WASHINGTON, Oct 23- The top Republican lawmaker on tax policy in the U.S. House of Representatives said on Tuesday that he is working with the White House and Treasury to develop a new 10 percent middle-class tax cut plan that President Donald Trump began touting over the weekend. Representative Kevin Brady, who chairs the tax-writing House Ways and Means...

  • NEW YORK, Oct 23- U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session. Along with worries over profit growth, concerns over the upcoming U.S. mid-term elections and Italy's budget have also sent...

  • LAS VEGAS, Oct 23- Wealthfront, one of the largest digital wealth management startups known as "robo-advisors", will offer its automated financial planning tool for free by the end of the year, as it seeks to grow its customer base, it said on Tuesday. Individuals in the United States who do not have money managed by Wealthfront will be able to connect their various...

  • *Rising U.S. oil output to offset Iran: https://tmsnrt.rs/2ECCJ4T. NEW YORK, Oct 23- Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran.

  • Oct 23- American Express Co has received subpoenas from the U.S. Department of Justice and inquiries from other federal agencies related to its foreign exchange international payments business, the credit card issuer said on Tuesday. The subpoenas were received from both the civil and criminal divisions of the Department of Justice, while the inquiries came...

  • BUENOS AIRES, Oct 23- Argentina had a trade surplus of $314 million in September, official statistics agency Indec said on Tuesday, the first since December 2016 and an early sign the devaluation of the peso currency has benefited the country's exporters. Argentina's peso currency has roughly halved in value against the U.S. dollar so far this year, prompting the...

  • HAWAIIAN HOLDINGS EXEC SAYS 2019 CAPACITY GROWTH TO BE LOWER THAN 5.5 PCT TO 6.5 PCT SEEN IN 2018.

  • BOGOTA, Oct 23- The Cerro Matoso nickel mine, owned by Australian miner South32, owes more than $56 million in unpaid royalties to Colombia, the country's comptroller said on Tuesday. "The mining company Cerro Matoso S.A. owes the Colombian state more than 170 billion pesos for unpaid royalties between 1998 and 2003 and 2007 and 2012," the comptroller said, adding...

  • NEW YORK, Oct 23- Aqua America Inc has agreed to acquire privately-owned natural gas utility Peoples in an all-cash deal worth $4.3 billion inclusive of debt, it said on Tuesday, as the water utility seeks to diversify its service offering. Shares in Aqua, which will use between $500 million and $800 million of debt and between $2.2 billion and $2.5 billion of new...

  • GASOLINE FUTURES EXTEND LOSSES IN POST-SETTLEMENT TRADE AFTER API DATA SHOWS BIGGER-THAN-EXPECTED DRAW IN STOCKPILES.

  • President Donald Trump's threats about a United States- bound migrant caravan from Central America. "There is a recovery and Mexico is probably the best proxy for that," said Sacha Tihanyi, deputy head of emerging markets strategy at TD Securities. But Brazil's currency, the real traded weaker as bullish momentum eroded ahead of Sunday's presidential election...

  • NEW YORK, Oct 23- Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at a local store. The Minneapolis- based retailer will offer free two-day shipping on hundreds of thousands...