CNBC Utilities Page Wires

  • NEW YORK, Oct 18- The board of online discount brokerage E* Trade does not plan to put the business up for sale, Chairman Rodger Lawson told analysts on a call to discuss the company's earnings Thursday. "We do not believe initiating a sale process is the best plan- best path for value creation for our shareholders," Rodgers said. "We must, for the foreseeable future,...

  • NEW YORK, Oct 18- PayPal Holdings Inc on Thursday reported a third-quarter profit that beat analysts' estimates as the company signed up more new customers and volume of payments processed rose. Net income rose to $436 million, or 36 cents per share, in the third quarter, from $380 million, or 31 cents per share, a year earlier. For the fourth quarter, PayPal expects...

  • NEW YORK, Oct 18- PayPal Holdings Inc on Thursday reported a third-quarter profit that beat analysts' estimates as the company signed up more new customers and volume of payments processed rose. Net income rose to $436 million, or 36 cents per share, in the third quarter, from $380 million, or 31 cents per share, a year earlier. For the fourth quarter, PayPal expects...

  • Chicago Board of Trade November soybeans futures settled down 22-1/ 4 cents at $8.63-1/ 2 per bushel. CBOT December corn ended down 3-1/ 2 cents at $3.70-3/ 4 a bushel and December wheat fell 4-1/ 2 cents at $5.13 a bushel. This dismal sales number here today sets the tone, "said Rich Feltes, vice president for research with R.J. O'Brien.

  • NEW YORK, Oct 18- The largest U.S. brokerage by sales force Morgan Stanley told its top brokers on Thursday that if they commit to handing off their clients to another broker at the firm when they retire, they can score bigger retirement bonuses. Starting in 2019, the firm is offering to contribute 10 to 50 percent of the revenue top brokers produce in their final...

  • WASHINGTON, Oct 18- Five industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block a Vermont law barring companies that do not abide by net neutrality rules from receiving state contracts. The lawsuit was filed in U.S. District Court in Vermont by groups representing major providers like AT&T Inc,...

  • *Loonie touches its weakest since Sept. 11 at 1.3089. TORONTO, Oct 18- The Canadian dollar weakened to a five-week low against its U.S. counterpart on Thursday as the greenback broadly climbed and oil prices added to a sharp decline the previous day. The decline for the loonie was driven by strengthening of the U.S. dollar rather than "anything Canada- specific," said...

  • WASHINGTON, Oct 18- Banks on Thursday pushed back on how regulators are attempting to simplify rules prohibiting banks from trading on their own account, a development that is likely to delay efforts to wrap up the overhaul in the coming months. The public comment period ended on Wednesday with several prominent industry groups, including the Financial...

  • Oct 18- Latin American stocks slumped on Thursday as a decline on Wall Street coupled with concerns over Italy's budget and the escalating Sino-U.S. trade war saw investors seek refuge in safer assets like the dollar, whose gains weakened regional currencies. The European Commission, saying Italy's 2019 budget draft was in "particularly serious" breach of EU...

  • Oct 18- American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending. The credit-card issuer said quarterly card customer spending rose 10.3 percent in the United States and 5 percent in overseas markets during the three...

  • *European Commission says Italy budget in breach of EU rules. NEW YORK, Oct 18- U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global...

  • Oct 18- Goldman Sachs Group Inc will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday. A number of top bankers and business leaders, including JP Morgan CEO Jamie Dimon, have decided not to attend the high-profile event in Riyadh amid mounting international...

  • U.S.-BASED STOCK FUND WITHDRAWALS ARE LARGEST SINCE JUNE -LIPPER.

  • The credit-card issuer said on Thursday net income climbed to $1.65 billion in the three months ended Sept. 30 from $1.36 billion a year earlier. On a per-share basis, AmEx earned $1.88, compared with $1.51 in the prior-year quarter. Revenue, net of interest expense, rose 9.2 percent to $10.14 billion.

  • NEW YORK, Oct 18- U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, denting investors' appetite for risk.

  • The lawsuit was filed in U.S. District Court in Vermont by groups representing major providers like AT&T Inc, Comcast Corp and Verizon Communications Inc and follow a suit from the four groups earlier this month challenging a much broader California law mandating providers abide by net neutrality rules. The groups are also challenging an executive order on...

  • Oct 18- Fox Business Network said on Thursday it is withdrawing as a sponsor of the Future Investment Initiative Summit to be held in Saudi Arabia next week, joining a host of media companies to drop out after the disappearance of a Saudi journalist. "FOX Business Network has canceled its sponsorship and participation in the Future Investment Initiative...

  • Oct 18- Goldman Sachs Group Inc will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday. "I was not planning to go and we had no senior executives going to the conference," he said. "Dina Powell had been planning to go to the conference.

  • Environmental Protection Agency Acting Administrator Andrew Wheeler said on Thursday the agency has the authority to allow sales of higher ethanol blends of gasoline year-round without an act of Congress.

  • HOUSTON, Oct 18- Oil prices fell on Thursday as investors' concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies. Global benchmark Brent crude has fallen almost $8 per barrel since reaching a four-year high of $86.74 on Oct. 3, weakened by lower forecasts for global...