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CNBC Utilities Page Wires

  • LUXEMBOURG— EU source: Eurozone nations agree on deal that paves way for Greece to exit its 8- year bailout program.

  • June 21- Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization to get a regulatory nod for the deal. Fox has been in the middle of a bidding war between Disney and Comcast Corp, with Disney on Wednesday raising its bid for the bulk of...

  • NEW YORK— A collaboration between the Trump Organization and Jared Kushner's family firm on a pair of hotels in New Jersey is over. The president's company is no longer managing a Kushner-owned hotel in Livingston and talks to strike a similar deal for a hotel in Long Branch have ended, a person familiar with the matter said Thursday. The planned hotel in Long...

  • "Given the headwinds that have developed in foreign exchange rates, we are adjusting our full year total revenue guidance by approximately $50 million, solely to account for the change in FX rates," Red Hat's Chief Financial Officer Eric Shander said in a statement. Red Hat expects second-quarter revenue between $822 million and $830 million, and an adjusted...

  • WASHINGTON, June 21- The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession. Although the lenders would suffer $578 billion in total losses in the Federal...

  • TORONTO, June 21- Lithium Americas Corp plans rapid development of its Thacker Pass lithium project in Nevada, the company said on Thursday, as it released a feasibility study on what it calls the largest U.S. deposit of the crucial battery ingredient. Lithium Americas said the first phase of Thacker Pass construction will cost $581 million and take about 21...

  • June 21- Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization to get a regulatory nod for the deal. For the deal to go ahead, Disney will divest the assets potentially including regional sports networks, the company said in a...

  • 1. Phil Collins; $3,166,332; $107.86. 2. Justin Timberlake; $3,104,922; $145.40. 3. Kenny Chesney; $3,022,535; $92.84.

  • BERLIN, June 22- Britain is heading towards a disorderly exit from the European Union that could have disastrous consequences for its economy and those of its partners in the bloc, Germany's BDI industry group has warned. Leaders of the 27 countries that will remain in the EU after Britain leaves next year are worried by the lack of an operational agreement for...

  • SYDNEY, June 22- An Australian regulator's criminal cartel lawsuit against the local heads of Citigroup Inc and Deutsche Bank AG may make it harder for companies to raise capital through share sales here, according to interviews with more than a dozen people at investment banks and brokers. A $20 billion industry has been built around broking houses who...

  • *Trump called on OPEC to help lower oil prices. VIENNA, June 21- OPEC scrambled on Thursday to agree on raising oil output, with Saudi Arabia warning of shortages but Iran holding out against a deal amid the prospect of lower exports due to U.S. sanctions on Tehran. That means the country has little to gain from a deal to raise OPEC output, unlike arch-rival Saudi Arabia.

  • NEW YORK— The government's prized cooperator at a trial that grew from an ambitious New York state redevelopment plan known as the Buffalo Billion has begun testifying. Kevin Schuler testified late Thursday in Manhattan federal court. Schuler, who pleaded guilty last month in a cooperation deal, says a consultant hired by LPCiminelli bragged about improving...

  • If it became law, the measure would block the transfer of F-35s to Turkey until the Secretary of State certified that Turkey is not purchasing and will not accept deliveries of the Russian systems. The amendment is the latest effort by members of Congress to influence NATO ally Turkey not to go ahead with its plan to buy the Russian system. The move to buy S-400s,...

  • SAN JUAN, Puerto Rico— Legislators in Puerto Rico are challenging a federal control board overseeing the island's finances over a law that protects workers from unjust firings. Puerto Rico Senate President Thomas Rivera Schatz said Thursday that the majority of legislators will not repeal the law as promised to the board and that they are prepared to go to...

  • BALTIMORE— In a story June 19 about a doughnut shop ending its offer to give coupons to customers who reported workers shouting in foreign languages to management, The Associated Press reported erroneously that a photo of the sign was posted Monday on Twitter by a displeased customer. A Dunkin' Donuts shop in Baltimore is no longer offering customers coupons if...

  • NEW ORLEANS— Three environmental groups have announced a federal lawsuit saying the government has failed to comply with environmental law governing drilling in the Gulf of Mexico. The suit filed Thursday in Florida says federal wildlife agencies have not completed a timely, formal consultation with the agencies regulating drilling.

  • NEW YORK— Attention shoppers: You may soon be paying more taxes on what you put in your online cart. The Supreme Court ruled Thursday that states can require online retailers to collect sales tax on purchases that come from states where they don't have any shops, offices or warehouses. Shoppers were generally supposed to pay the sales tax to the state themselves,...

  • *Bank has come under pressure from ratings agencies. FRANKFURT, June 21- The credit ratings agency Fitch on Thursday revised its outlook for Deutsche Bank to negative from stable amid concern's about the bank's restructuring and strategy, the latest blow to the German lender's reputation. Germany's largest bank has come under pressure from ratings agencies...

  • *Court upholds South Dakota law, other states could follow. In a 5-4 ruling reviving a South Dakota law challenged by Wayfair Inc, Overstock.com Inc and Newegg Inc, the justices overturned a 1992 high court precedent that had barred states from requiring businesses with no "physical presence" there, like out-of-state online retailers, to collect sales taxes.

  • NEW YORK— Fox News Channel is not content simply to televise President Donald Trump at a campaign-style rally. Fox carried the entirety of Trump's address to a crowd in Minnesota, pre-empting most of Tucker Carlson's prime-time show. It's an example of Fox appealing explicitly to viewers who support the president, said Tom Bettag, a veteran network news...