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CNBC Utilities Page Wires

  • It has also been expanding home delivery, curbside pickup and self-checkout services under its turnaround program "Restock Kroger" to compete with Walmart Inc and Amazon.com Inc. The company raised the lower end of its adjusted profit forecast to a range of $2.00 to $2.15 per share from $1.95 to $2.15 per share, previously. First-quarter net earnings rose to...

  • *Weekly jobless claims drop 3,000. WASHINGTON, June 21- The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 218,000 for the week ended June 16, the Labor Department said.

  • *CEO eyes contracts worth about $2 billion in the U.S. June 21- Defence equipment maker Chemring Group Plc is targeting contracts worth around $2 billion in the United States after nearly five years of relatively low demand, its chief executive said. The British contractor, which makes flares, equipment to detect improvised explosive devices and mechanisms...

  • *CEO eyes contracts worth about $2 billion in the U.S. June 21- Defense equipment maker Chemring Group Plc is targeting contracts worth around $2 billion in the United States after nearly five years of relatively low demand, its chief executive said. The British contractor, which makes flares, equipment to detect improvised explosive devices and mechanisms...

  • LONDON, June 21- Oil traders' attention is focused this week on Vienna, where ministers from the Organization of the Petroleum Exporting Countries and its allies must decide whether to increase their output in the second half of 2018.. But the direction of prices over the next year will be more influenced by less visible developments in the major oil-consuming...

  • NAIROBI, June 21- The former chief executive of Kenya's indebted Nakumatt Supermarkets will be investigated over the loss of 18 billion shillings worth of stock, an administrator for the retailer said on Thursday. Nakumatt, which grew from a mattress shop in a rural town to have branches across Kenya and East Africa, was forced to shut more than a dozen outlets...

  • SEOUL, June 21- South Korea's financial watchdog said on Thursday that it recommended suspending some of Samsung. One of South Korea's largest stock brokers, Samsung Securities in April accidentally issued 2.8 billion shares to employees- more than 30 times the number of its outstanding shares and theoretically worth some $100 billion- some of which were...

  • June 21- Internet services company Web.com Group Inc said on Thursday an affiliate of private equity firm Siris Capital will buy the company for about $2 billion in cash.

  • NEW YORK _ Barnes& Noble Inc. on Thursday reported a loss of $21.1 million in its fiscal fourth quarter. On a per-share basis, the New York- based company said it had a loss of 29 cents. For the year, the company reported a loss of $125.5 million, or $1.73 per share, swinging to a loss in the period.

  • Posts $9.62 bln sales in 2017, profit of $1.79 bln. By Sarah White and Pascale Denis. PARIS, June 21- French fashion group Chanel released full year earnings for the first time on Thursday, laying down a marker as one of the luxury world's biggest labels by sales after both revenue and profit grew strongly in 2017..

  • *Turkey heads to polls on Sunday in crucial votes. LONDON, June 21- Turkey heads to the polls on Sunday to vote in parliamentary and presidential elections, with President Tayyip Erdogan widely expected to be re-elected to an office that will be given sweeping new executive powers. Below are five charts that illustrate the recent selloff and foreign investors'...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • FRANKFURT, June 21- SAP SE aims to double the size of its sales and marketing software business within two years, its top salesman told Reuters, throwing down the gauntlet to market leader Salesforce. Germany- based SAP, the dominant provider of software that helps companies run back-office functions like finance and supply-chain management, recently...

  • Airports in Atlanta, Boston, Chicago, Houston, Las Vegas, Miami, New York and Washington already use face scans for some departing international flights, but they don't involve all international travelers at the airports like the program's expansion in Orlando would. The image from the face scan is compared to a Department of Homeland Security biometric...

  • TEL AVIV, June 21- Cybersecurity firm McAfee is looking at further acquisitions after buying security provider SkyHigh Networks this year and has not ruled out going public again to widen its options, its chief executive said. It gives us a different type of currency, "CEO Christopher Young told Reuters on the sidelines of a cybersecurity conference.

  • BRUSSELS— Eurozone nations are working on the final elements of a plan to get Greece successfully out of its eight-year bailout program and keep its massive debt burden manageable. The finance ministers of the 19 nations sharing the euro currency were in Luxembourg on Thursday to finalize a deal between Greece and its international creditors that would...

  • *FTSE 100 down 0.7 percent after positive open. MILAN, June 21- Britain's top share index fell on Thursday as sterling bounced from 7- month lows following a Bank of England policy vote that bolstered expectations for a rate hike in August. "Sterling jumped after an unexpectedly hawkish vote from the Bank of England points to rates likely rising this summer rather...

  • WASHINGTON, June 21- Commerce Secretary Wilbur Ross said on Thursday the United States needs to make it harder for its trading partners to have high trade barriers in order to achieve President Donald Trump's ultimate goal of lower barriers and a level playing field. He threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if...

  • PARIS, June 21- French fashion group Chanel released full year earnings for the first time on Thursday, laying down a marker as one of the luxury world's biggest labels by sales after both revenue and profit grew strongly in 2017.. The move to publish was "absolutely not" a precursor to a stock market listing, Chief Financial Officer Philippe Blondiaux told Reuters.

  • *Soybeans tick down as U.S.- China trade worries remain. PARIS/ SINGAPORE, June 21- Chicago grain and soybean futures were little changed on Thursday as investors waited to see whether a U.S.-Chinese trade dispute would escalate and watched for more indications on harvest prospects. The most-active wheat contract on the Chicago Board of Trade was unchanged on...