×

CNBC Utilities Page Wires

  • OTTAWA, May 25- Canadian Prime Minister Justin Trudeau spoke with U.S. In an interview with Reuters on Thursday, Trudeau said the investigation was based on flimsy logic and part of pressure from Washington to renegotiate the NAFTA trade pact. Mexico's economy minister said on Friday there was about a 40 percent chance of concluding the NAFTA talks before...

  • SAN FRANCISCO, May 25- S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed. In the 12 months through March, S&P 500 companies paid out $428 billion in dividends and bought up $573...

  • Gulf of Mexico as it moves toward a Monday landfall between New Orleans and Florida's panhandle. The National Weather Service on Friday forecast the storm would bring heavy rain and flash flooding to the central Gulf Coast region and the southeastern United States this weekend and into next week. The NWS said between 4 inches and 6 inches of rain are expected...

  • *Russia says oil output cuts likely to be eased at June meeting. NEW YORK, May 25- Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel.

  • CHICAGO, May 25- Sizzling temperatures in the U.S. The U.S. corn crop was 81 percent seeded as of May 20, the U.S. Department of Agriculture said, matching the five-year average, as farmers caught up with fieldwork after a cold April stalled early planting. The late-May heat is expected to ease in early June, but temperatures are likely to remain above normal, said Joel...

  • PARKLAND, Fla.— The Publix supermarket chain says it's suspending political contributions as it reevaluates its giving policy after students from the Parkland, Florida, high school where 17 people were killed called for a boycott because it supports a candidate aligned with the National Rifle Association. Student activists from Marjory Stoneman Douglas...

  • JOHANNESBURG, May 25- S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, warning the country's improved economic growth remained tentative and the fiscal position was still weak. S&P rates South Africa's foreign currency debt' BB' and its local currency debt' BB+', having downgraded the country...

  • OTTAWA, May 25- Canadian Prime Minister Justin Trudeau spoke with U.S. President Donald Trump on Friday and raised "strong concerns" about a U.S. probe into car and truck imports that was launched this week, the prime minister's office said. The two leaders also discussed the North American Free Trade Agreement negotiations and bringing talks to a timely...

  • BRENT CRUDE TRADED AT $8.75 A BARREL ABOVE WTI IN POST-SETTLEMENT TRADE, HIGHEST PREMIUM SINCE 2015.

  • NEW YORK, May 25- Tesla Inc on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company's assisted-driving Autopilot system was "essentially unusable and demonstrably dangerous." The Tesla owners said they paid an extra $5,000 to have their cars equipped with the Autopilot software...

  • May 25- Apple Inc on Friday issued its twice yearly transparency report on government data requests, showing another sharp increase in U.S. national security-related requests. Apple said it received as many as 16,249 national security requests affecting up to 8,249 accounts during the second half of 2017. Apple also said on Friday that it would start...

  • TRUDEAU AND TRUMP ALSO DISCUSSED BRINGING NAFTA NEGOTIATIONS TO' TIMELY CONCLUSION'- PM'S OFFICE.

  • NEW YORK, May 25- The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. U.S. crude tumbled 4 percent to settle at $67.88 a barrel after Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed prices to their highest since 2014..

  • *Italy, Spain fears boost demand for U.S. bonds. NEW YORK, May 25- Growing expectations of increased oil supply hit crude prices on Friday, lifting the U.S. dollar and weighing on energy shares, while political upheaval in Europe and uncertainty over a U.S.- North Korea summit restrained equity markets. "At this point investors are shrugging off Washington...

  • *Russia says oil output cuts likely to be eased at June meeting. NEW YORK, May 25- Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel.

  • Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses. The Russell 2000 index of smaller-company stocks dipped 1.29 points, or 0.1 percent, to 1,626.93.

  • Halliburton Co., down $2.08 to $50.19. Foot Locker Inc., up $9.35 to $55.74. Gap Inc., down $4.80 to $28.15.

  • JOHANNESBURG, May 25- S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, saying the country's improved economic growth remained tentative and that the government's debt burden was still on a rising path. S&P rates South Africa's foreign currency debt' BB' and its local currency debt' BB+', having...

  • *Loonie touches its weakest since May 8 at C $1.2988. TORONTO, May 25- The Canadian dollar weakened to a more than two-week low against its U.S. counterpart on Friday, pressured by a nearly $3 drop in the price of oil and broader gains for the greenback. The currency touched its weakest level since May 8 at C $1.2988.