×

CNBC Utilities Page Wires

  • TOKYO, July 23- With markets rife with speculation that the Bank of Japan is close to announcing measures to scale back its massive monetary stimulus, Japanese traders and analysts mused over its options, ranging from subtly changing its policy statement to drastically hiking its bond yield target. While the Japanese bond market on Monday posted one of the...

  • EVANSVILLE, Ind. _ Old National Bancorp on Monday reported second-quarter earnings of $44 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Five analysts surveyed by Zacks expected $172.9 million.

  • July 23- Toymaker Hasbro Inc topped Wall Street estimates for quarterly revenue on Monday, as the company managed to move past the liquidation of retailer Toys' R' Us. Net earnings fell to $60.3 million, or 48 cents per share, in the second quarter ended July 1, from $67.7 million, or 53 cents per share, a year earlier. The company's revenue fell 7 percent to $904.5 million,...

  • PAWTUCKET, R.I. _ Hasbro Inc. on Monday reported second-quarter net income of $60.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Seven analysts surveyed by Zacks expected $844.2 million.

  • *Threats of further U.S.- China tariffs hit European shares. LONDON, July 23- Signs that the Bank of Japan might scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks slipped as threats of further U.S. tariffs on China drained risk appetite. Europe's bond yields climbed after a Reuters report...

  • *Atos buys U.S. company Syntel in $3.4 billion cash deal. July 23- French IT services company Atos is boosting its North American operations with a $3.4 billion cash deal to buy Michigan- based IT services provider Syntel Inc.. "1/ 8 The deal 3/ 8 will significantly enhance 1/ 8th e Business& Platform Solutions Division's 3/ 8 growth and profitability profile through an...

  • *China Premier calls for swift investigation. *China has been making big push to raise drug safety. SHANGHAI, July 23- A vaccine scandal in China, which has prompted angry reactions from citizens fed up with safety scares, is sending ripples across the local drug market and threatening Chinese ambitions to play a larger role in the global pharmaceutical space.

  • BERLIN— Britain's top diplomat is warning that the country could crash out of the European Union next year without an agreement on future relations with Brussels, causing economic and political damage on both sides. Foreign Secretary Jeremy Hunt said he told his German counterpart in Berlin on Monday that "when it comes to Brexit there is now a very real risk of a...

  • SAN JOSE, Calif. _ Netgear Inc. on Monday reported a second-quarter loss of $5.2 million, after reporting a profit in the same period a year earlier. For the current quarter ending in October, Netgear said it expects revenue in the range of $380 million to $395 million. Netgear shares have increased 29 percent since the beginning of the year.

  • BEIJING, July 23- A private oil refiner and an agricultural processor in China's Shandong province have filed for bankruptcy, as tightening credit and weakening market conditions exact a toll on one of China's industrial engines. The company is headquartered in Rizhao, in the eastern province of Shandong. The applications were made in a court in Juxian county...

  • BERLIN, July 23- It is good that the United States and Europe are maintaining dialogue despite their differences, a German government spokeswoman said on Monday ahead of a meeting of U.S. Citing national security grounds, Washington imposed tariffs on steel and aluminium imports from the EU, Canada and Mexico on June 1, and Trump is threatening to extend them to EU...

  • LONDON, July 23- The Turkish lira firmed on Monday after comments from the finance minister cemented expectations of an interest rate hike this week, but emerging equities struggled in the face of new trade war threats. Those expectations were strengthened when finance minister Berat Albayrak was quoted as saying that Turkey would not fight with markets but...

  • DETROIT— Organizers of the North American International Auto Show say that starting in 2020 the annual Detroit event will take place in June instead of January. Organizers say the change also will help cut costs, since exhibitors won't be setting up during the Thanksgiving to New Year's Day holiday period. The show's Executive Director Rod Alberts says in a...

  • *PKN share price rise helps Warsaw index buck bearish Asia. BUDAPEST, July 23- Central Europe's main currencies were mostly flat on Monday as the U.S. dollar's retreat sputtered, while investors looked ahead to the Hungarian central bank's policy meeting. Hungary's forint and Poland's zloty have fallen 4.7 and 3.5 percent respectively this year, with both...

  • FRANKFURT, July 23- The German economy likely regained some of its lost momentum in the second quarter, supported by private consumption, manufacturing and recovering exports, the Bundesbank said in a monthly economic report on Monday. Economic growth unexpectedly halved to a quarterly rate of 0.3 percent in the first three months of the year and economists...

  • SAO PAULO, July 23- An 11- day truckers' strike that paralyzed Brazil's economy in May has investors in sectors from meatpacking to malls bracing for the final bill as companies such as BRF SA and JBS SA prepare to report quarterly earnings. "High turnover products, commodities, products that go bad practically daily, a two-week strike would have hurt," said Rogerio...

  • LONDON, July 23- Around 40 rig workers started a 24- hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption. The strike began at 0500 GMT, said Unite, Britain's largest labor union. The fields account for about 10 percent of Britain's gas...

  • LONDON, July 23- Sterling fell to a three-week low against a resurgent yen on Monday after the Japanese currency received a boost from reports that the central bank was contemplating scaling back its stimulus. Sterling looks set for more volatility however amid growing talk of a likely "hard" Brexit-- crashing out of the European Union without a trade deal in place.

  • LONDON, July 23- Germany's 10- year bond yield rose to its highest level in just over a month on Monday, following a jump in Japanese government bond yields on reports that the Bank of Japan was debating moves to scale back its massive monetary stimulus. Japan's 10- year yield rose to a six-month high at 0.090 percent after sources told Reuters on Friday the BOJ was...

  • DUBAI, July 23- A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter. Late last week Aramco confirmed a Reuters report that it was working on a possible purchase of a "strategic...