CNBC Utilities Page Wires

  • Dec 14- Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported https://www.cnbc.com/2018/12/14/intel-tpg-in-talks-to-sell-mcafee-to-thoma-bravo. h t m l on Friday, citing people familiar with the matter. Intel, which paid $7.7 billion for...

  • DOW JONES INDUSTRIAL AVERAGE CONFIRMS CORRECTION, ENDS DOWN MORE THAN 10 PCT FROM OCT 3 CLOSING HIGH.

  • NEW YORK, Dec 14- Wall Street's three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson& Johnson was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in its Baby Powder.

  • NEW YORK, Dec 14- Oil prices dropped about 2 percent on Friday, weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer. Brent crude futures fell $1.17 to settle at $60.28 a barrel, a 1.90 percent loss. "The oil complex remains vulnerable to heavy selling into the equities...

  • Dec 14- A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA. The Bureau of Ocean Energy Management announced the sale's three winners- Equinor Wind US LLC, Mayflower Wind Energy LLC, and...

  • PARIS/ MILAN, Dec 14- French media giant Vivendi called on Friday for the replacement of five of Telecom Italia's board members put forward by U.S. activist fund Elliott, citing a "substantial lack of independence." In the Friday statement, Vivendi called for a shareholder meeting to be held as soon as possible, asking for the removal of TIM Chairman Fulvio Conti and...

  • Dec 13- PG&E Corp said on Thursday it had requested California's top utilities regulator for a 6.4 percent rate hike in 2020 to fund its community wildfire safety program, insurance liabilities, and core gas and electric operations. The proposal does not request funding for potential lawsuits or claims resulting from the 2017 and 2018 Northern California...

  • NEW YORK, Dec 14- A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. The European data came on the heels of weak readings from China, where November retail sales grew at the weakest pace since...

  • Dec 14- A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from companies backed by European energy giants including Royal Dutch Shell Plc and Equinor ASA, the agency that conducted the sale said. The Bureau of Ocean Energy Management announced the sale's...

  • SAN FRANCISCO, Dec 14- California air quality regulators voted on Friday to require that transit buses have zero emissions beginning in 2029, another step by the liberal-leaning state that sets it apart from the environmental policies of the Trump administration. The move away from diesel buses will be a boon to companies such as Chinese automaker BYD, backed...

  • Dec 14- An Irish regulator said on Friday it was investigating Facebook Inc following the company's disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches. The Irish Data Protection Commissioner, the lead regulator of Facebook in the European Union, said it was investigating to...

  • SAN FRANCISCO, Dec 14- California air quality regulators voted on Friday to require that transit buses have zero emissions beginning in 2029, another step by the liberal-leaning state that sets it apart from the environmental policies of the Trump administration.

  • NEW YORK/ LONDON, Dec 14- Robusta coffee futures hit a new contract low on Friday as ample supplies and fund selling pressured prices, while raw sugar futures were pressured. *March robusta coffee settled down $34, or 2.3 percent, at $1,470 per tonne, after dipping to a new contract low of $1,468, also the weakest for the second position since Sept. 4.

  • GOVERNMENT HAS PRESSURED GERMANY'S DEUTSCHE TELEKOM TO STOP USING HUAWEI EQUIPMENT- SOURCES.

  • PRESSURE ON DEUTSCHE TELEKOM IS PART OF CFIUS REVIEW OF T-MOBILE DEAL TO BUY SPRINT- SOURCES.

  • EXCLUSIVE-T-MOBILE, SPRINT EXPECT THEIR MERGER TO BE APPROVED BY CFIUS NATIONAL SECURITY PANEL AS EARLY AS NEXT WEEK- SOURCES.

  • BOGOTA, Dec 14- A Colombian tribunal fined a consortium led by Brazilian construction firm Odebrecht $250 million and banned it from government contracts for 10 years, saying the group used corrupt tactics to win infrastructure contracts. The company paid some $30 million in bribes in Colombia, according to the attorney general's office.

  • FRANKFURT, Dec 14- Europe's biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union's insurance watchdog said on Friday. The European Insurance and Occupational Pensions Authority published results of this year's stress test of 42 insurers, representing around 75 percent of the...

  • NEW YORK, Dec 14- U.S. stocks are down only slightly for 2018, but that masks a volatile year for investors. Trade-related tensions between the United States and China, weakness in the tech sector, concerns about slowing global growth and jitters about the Federal Reserve marching toward higher interest rates have kept investors on their toes.

  • CHICAGO, Dec 14- U.S. soybean futures fell on Friday for a second session as traders reacted to smaller-than-expected purchases this week by China, coupled with ballooning global supplies, traders said. The most-active soybean contract struck a near six-month high on Wednesday, while spot January futures reached a 4-1/ 2- month top, as traders reported China had...