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CNBC Utilities Page Wires

  • MONACO _ Scorpio Bulkers Inc. on Monday reported second-quarter net income of $800,000, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Six analysts surveyed by Zacks expected $61.3 million.

  • July 23- U.S. stock index futures were flat on Monday as investors assessed the impact of an escalating trade conflict between the United States and China on corporate results in an earnings-heavy week. President Donald Trump has criticized the greenback's strength, while accusing China of manipulating the yuan, which Beijing has denied.

  • Private equity firm Apollo Global Management will spend about $5.6 billion to buy the rural hospital chain LifePoint and combine it with the health system operator RCCH HealthCare Partners. Under the agreement announced Monday, LifePoint shareholders will receive $65 in cash for each share in a deal that's worth about $2.7 billion not counting net debt and...

  • LONDON, July 23- Hedge fund managers have slashed bullish long positions in petroleum at the fastest rate in more than a year, as the gentle profit-taking in previous weeks turned into a rush for the exit. Hedge funds and other money managers cut their combined net long position in the six most important futures and options contracts linked to petroleum prices by...

  • GLENS FALLS, N.Y. _ Arrow Financial Corp. on Monday reported second-quarter profit of $9.7 million. The Glens Falls, New York- based bank said it had earnings of 69 cents per share. Arrow Financial shares have climbed 12 percent since the beginning of the year.

  • NEW DELHI, July 23- An explosion of hot gas at a boiler at NTPC's Unchahar power plant last year that killed 45 workers was the result of an "error in judgment" by some of the plant's most experienced operators, according to an internal report on the state-run electricity producer's biggest disaster. The plant's Head of Operation, Head of Ash Handling Maintenance...

  • SHANGHAI, July 23- China's five state-backed mutual funds, launched during the 2015 crash to rescue the market, sat on their hands last quarter when shares slumped roughly a tenth amid trade war concerns, analysts said on Monday. This time, China's economy faces headwinds from the government's campaign against risky lending and escalating trade tension with...

  • CLEVELAND _ Lincoln Electric Holdings Inc. on Monday reported second-quarter net income of $68.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share. Eight analysts surveyed by Zacks expected $794.2 million.

  • LONDON, July 23- The yen trimmed early gains on Monday as traders consolidated positions after reports the central bank was debating moves to scale back its massive monetary stimulus ignited a brief rally in the Japanese currency. "We had a big move in the yen on the back of the spike in bond yields but with inflation low and corporate profitability momentum...

  • BRUSSELS, July 23- U.S. private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters' Financial and Risk unit, the European Commission said on Monday. Blackstone is making its biggest bet since the financial crisis with the $20 billion deal which pits co-founder Stephen Schwarzman against fellow...

  • BEIJING, July 23- China's SDIC will buy Canadian company Nutrien's 28 percent stake in Arab Potash Co Plc, for $502 million, the Chinese company said in a statement on Monday. SDIC mining investment Co., Ltd, a subsidiary owned by China's State Development and Investment Corp, will become the majority shareholder in Arab Potash after the transaction, according to...

  • LONDON, July 23- Gold prices on Monday slipped towards one-year lows as the dollar strengthened again, making bullion more expensive for buyers using other currencies. But the breather proved short-lived, with the greenback climbing again against the currencies of key gold-consuming markets China, India and the euro zone. "For gold to rise in a big way, we really...

  • IRVINE, Calif. _ Opus Bank on Monday reported second-quarter profit of $15.5 million. The bank, based in Irvine, California, said it had earnings of 40 cents per share. Opus Bank shares have risen roughly 9 percent since the beginning of the year.

  • AMSTERDAM _ Koninklijke Philips NV on Monday reported second-quarter net income of $1.2 million. On a per-share basis, the Amsterdam- based company said it had net income of less than 1 cent. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Halliburton's North America revenue rose 38.4 percent to $3.83 billion, while revenue from its international business increased 6 percent to $2.31 billion. Net profit attributable to Halliburton rose to $511 million, or 58 cents per share, in the second quarter ended June 30, from $28 million, or 3 cents per share, a year earlier. Excluding one-time items, the...

  • Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-p r o f i t- 1 5 3 2 3 0 1 0 9 1? Chief Executive Officer Elon Musk also tweeted https://twitter.com/elonmusk/status/1021285179178881025: "Only...

  • July 23- Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year's Toys' R' Us bankruptcy, sending its shares up nearly 7 percent in premarket trading. "We are focused on moving beyond the near-term disruption of losing a major customer, with a clear path forward including new...

  • *Dryness cutting yields in Europe, Black Sea region, Australia. PARIS/ SINGAPORE, July 23- Chicago wheat futures hit a new six-week high on Monday on concerns that dry weather in Europe and the Black Sea region will cut production in some of the world's main exporting countries. "Russia, parts of Europe and Australia are contributing less wheat to the world supplies...

  • *Lower 60 pct of earners behind most of 2016-2017 consumption growth. PHILADELPHIA, July 23- By almost every measure, the U.S. economy is booming. With borrowing costs on the rise, inflation picking up and the effects of President Donald Trump's tax cuts set to wear off, a negative shock- a further rise in gasoline prices or a jump in the cost of goods due to tariffs- could...

  • NEW YORK _ Pzena Investment Management Inc. on Monday reported second-quarter profit of $3.5 million. On a per-share basis, the New York- based company said it had profit of 20 cents. This story was generated by Automated Insights using data from Zacks Investment Research.