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CNBC Utilities Page Wires

  • Gucci takes off in United States, outperforms. PARIS, April 24- Booming sales growth at French luxury group Kering got even faster in the first quarter, as red-hot demand for its Gucci clothing and handbags was joined by other labels such as Balenciaga. A recovery in spending by Chinese shoppers over the past 18 months has underpinned a sales bounce for many top...

  • Dealers will replace the pumps but the company did not say when parts will become available, according to a filing with the National Highway Traffic Safety Administration in the United States. The recall covers 342,000 vehicles in the United States, NHTSA said. In January 2017, Audi recalled the same group of vehicles in the United States to update the software...

  • April 24- Lockheed Martin Corp, the Pentagon's No. 1 weapons supplier, did not raise its 2018 cash flow projections on Tuesday even as the U.S. government spends more on defense, disappointing investors and pushing its shares lower. "There could be some modest disappointment that the cash guidance has not been raised, but it is early in the year and cash is trickier to...

  • BUENOS AIRES, April 24- Argentina said on Tuesday it received 32 bids for six road projects requiring around $8 billion in investment, in a big test of how public-private partnerships can help cash-starved Latin American governments beef up infrastructure. Builders from the United States, Colombia and Italy also presented offers. For Argentina, the road...

  • SAN FRANCISCO, April 24- YouTube, owned by Alphabet Inc's Google, deleted about 5 million videos from its platform for content policy violations in last year's fourth quarter before any viewers saw them, it said in a new report that highlighted its response to pressure to better police its online community. "They still have lots of work to do but they should be...

  • Warner says legislation revamping the law known as Dodd-Frank "will not pass if it comes back to the Senate" for another vote. They want to amend Senate- passed legislation that would provide regulatory relief for banks. But Warner tells members of the American Bankers Association that 17 Democrats who voted for the Senate bill have taken "an awful lot of heat."

  • WASHINGTON/ SAN FRANCISCO, April 24- U.S. regulators fined Altaba Inc, the company formerly known as Yahoo! Yahoo's information security team learned just days after the December 2014 breach that Russian hackers had stolen the company's "crown jewels," including email addresses, encrypted passwords and security questions, the SEC said in a statement.

  • April 24- Twitter Inc said on Tuesday it is updating its privacy policy to allow users to view information they share with the microblogging service and show how its being used, ahead of new regulatory guidelines on European data privacy laws. The European Union's General Data Protection Regulation goes into effect May 25 and is the biggest shake-up of privacy...

  • LONGARONE, Italy, April 24- A joint venture between Dior-owner LVMH and Italy's Marcolin could triple its production of glasses over time as its portfolio of brands expands. The shift in strategy has dealt a blow to Italy's Safilo- the world's second-largest eyewear manufacturer behind domestic rival Luxottica- which was already suffering from the loss of...

  • *PSA Group, Akzo down after results. LONDON, April 24- European shares steadied on Tuesday as a batch of company updates failed to set a clear trend and chipmakers were weighed down by AMS' warning of a downturn in orders. Austria- based chipmaker AMS, which supplies Apple, tumbled 9 percent after reporting lower orders from one of its main customers, which it did not...

  • CHICAGO, April 24- Citigroup Inc Chairman Mike O'Neill said all options were being considered to find a successor to replace him when he steps down in the next 12 months, after reaching the retirement age of 72.. The options include having Citigroup Chief Executive Officer Mike Corbat taking on the additional role of chairman, O'Neill said at the Wall Street...

  • *Executives warn UK tax started April 6 will hurt Q2. The company said it had reformulated recipes and launched smaller packaging to ensure that two-thirds of its major brands would not be subject to the new tax, but Coca-Cola Classic, its top-selling U.K. brand, will still face the levy, which kicked in on April 6. Company executives during a post-earnings call also...

  • *3 M, Lockheed drop on disappointing full-year forecasts. April 24- A sharp drop in so-called' FAANG' group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10- year yields and contrasting earnings reports from industrials also adding to the pressure. "Given the weakness in Google, you're seeing profit taking in rest of the FAANG...

  • TORONTO, April 24- Shares of Canadian pipeline operator Enbridge Inc dropped more than 4 percent on Tuesday after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route. Enbridge has proposed a C $8.2 billion replacement of its existing Line 3 export pipeline, which extends from Alberta into...

  • FRANKFURT/ PARIS, April 24- Hundreds of German Opel workers gathered outside the carmaker's Eisenach plant on Tuesday to protest against owner PSA Group's plans to rein in wages in return for new production investments. "If there were reasonable negotiations... then we'd be prepared to talk about reasonable concessions," Opel works council chief Wolfgang...

  • TREASURY YIELDS TURN FLAT, PARE EARLIER RISE AS WALL STREET SELLOFF ACCELERATES; 10- YEAR YIELD LAST AT 2.979 PCT.

  • April 24- The U.S. Food and Drug Administration on Tuesday said it launched a crackdown to curb the sale to minors of e-cigarettes and other tobacco products developed by Juul Labs Inc.. "The FDA has been conducting a large-scale, undercover nationwide blitz to crack down on the sale of e-cigarettes specifically Juul products to minors at both brick-and-mortar...

  • NEW YORK— Facebook has revealed for the first time just what, exactly, is banned on its service in a new Community Standards document released on Tuesday. It's an updated version of the internal rules the company has used to determine what's allowed and what isn't, down to granular details such as what, exactly, counts as a "credible threat" of violence.

  • *FTSE 100 up 0.4 pct. The FTSE was set for its sixth day of straight gains, its longest winning streak in nearly one year. The energy sector was the biggest contributor to the bounce, adding 19 points to the FTSE as shares in BP and Royal Dutch Shell climbed 2.3 percent and 1.2 percent respectively.

  • *OPEC- led supply cuts, strong demand lift prices. NEW YORK, April 24- Oil prices were little changed on Tuesday after Brent hit its highest level since November 2014, supported by strong demand, OPEC- led production cuts, and the prospect of renewed U.S. sanctions on Iran. The United States will decide by May 12 whether to quit a nuclear deal with Iran and reimpose...