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CNBC Utilities Page Wires

  • TOPEKA, Kan.— A Kansas water park where a boy was killed on a waterslide says it won't open this season until it resolves issues raised by a state audit but that it thinks the audit was "malicious." Attorneys for the company that operates the Schlitterbahn park in Kansas City, Kansas, say in a Wednesday letter to the Kansas Department of Labor that although the park...

  • NEW YORK— McDonald's isn't ready to stop offering plastic straws, despite environmental concerns. A New York city councilman introduced a bill this week saying restaurants should replace plastic straws with paper or metal alternatives. Seattle and Miami Beach have passed bans on plastic straws.

  • LANSING, Mich.— Michigan's governor has approved an emergency rule prohibiting most vessels from dropping anchor in a waterway where oil, electric and other infrastructure cables rest. Rick Snyder says Thursday that the move prevents environmental damage to the state and the Straits of Mackinac that connects Lakes Michigan and Huron. The state and the Coast...

  • The airline is crediting recent U.S. agreements with Qatar and the United Arab Emirates over alleged subsidies to three big Persian Gulf carriers that also fly to India. Atlanta- based Delta dropped India in 2015, leaving United Airlines as the only U.S. carrier flying there, to Mumbai and Delhi. Trump administration deals with Qatar and the UAE will require...

  • MILAN/ MADRID, May 24- A bitter feud over a Brazilian power grid operator has taken a global rivalry to new levels as Europe's top two utilities ready $1.5 billion- plus bids for Eletropaulo. Brazil's biggest power distributor became one of the world's most prized power assets last month when Italy's Enel and Spain's Iberdrola locked horns in a country both see as...

  • BRASILIA, May 24- Brazilian stocks dropped for a second day on Thursday, as shares of Petróleo Brasileiro SA plummeted after the state-controlled oil company announced a temporary diesel price cut. Brazil's lower house of Congress voted on Wednesday to eliminate certain taxes on diesel. "For people who already had doubts about how the government would react...

  • Commerce Secretary Wilbur Ross said on Thursday the investigation was still in its early stages but that other countries' high, artificial barriers such as tariffs and other interventions have skewed the marketplace. The probe comes ahead of midterm elections in the United States later this year and is seen as part of President Donald Trump's "America First"...

  • SAO PAULO/ NEW YORK, May 24- Brazil's top coffee exporter Cooxupé warned foreign clients on Thursday about possible shipping delays due to the truckers nationwide protests, according to a company executive. Cooxupé's senior export manager Evelyse Lopes told Reuters the company has sent messages to foreign clients saying it is not receiving empty...

  • UAW PRESIDENT WILLIAMS: SUPPORTS TRUMP ON TRADE, BUT CRITICAL OF GOP CONGRESS.

  • UAW PRESIDENT WILLIAMS: SUPPORTS EVALUATION OF AUTO TRADE; "WE'VE GOT TO BE CAREFUL" ON TARIFFS.

  • May 24- President Donald Trump's decision to cancel a planned summit with North Korea's leader is surprising and could raise more questions for U.S. businesses already uncertain about the direction of White House policy, a top U.S. central banker said on Thursday. "It's a downside risk," Atlanta Federal Reserve President Raphael Bostic said on CNBC of Trump's...

  • *Forecasts adjusted fiscal' 19 profit of $5.10- $5.15. The company launched a restructuring plan in January that it hopes will save $500 million to $700 million annually over the next five years and Reuters calculations showed total costs fell to $6.21 billion from $6.29 billion. Sales across Medtronic's business units beat analysts' estimates, according to...

  • Exelon said its 803- megawatt Three Mile Island, 1,797- MW Dresden and all but a small portion of its 2,300- MW Byron nuclear plant did not clear the auction. This marks the fourth consecutive year that Three Mile Island, located in Pennsylvania, failed to clear in the auction. Exelon has said it plans to shut Three Mile Island which has not been profitable for six...

  • LONDON, May 24- Mining firm Petra Diamonds said it aims to raise $178 million to help cut its debt burden, and warned it could run low on working capital and breach its debt covenants if shareholders do not back the proposed rights issue. Petra, which last month finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of...

  • ST PETERSBURG, May 24- Polyus, Russia's largest gold producer, said on Thursday 2018 production was likely to be at the upper end of its forecast range of 2.375-2.425 million troy ounces. Chief Executive Pavel Grachev said on the sidelines of the St Petersburg economic forum that 2018 capital expenditure would be slightly below an initially planned $850...

  • *First opportunity to make early TLTRO payments June. LONDON, May 24- Already facing a likely growth slowdown, the euro zone risks a sudden tightening of financial conditions next month should banks across the bloc use the opportunity to repay billions of euros in cheap loans taken from the European Central Bank. June brings the first early repayment date for...

  • *Dubai closes down, ending two-day rally. *Abu Dhabi, Qatar close higher but volumes remain weak. DUBAI, May 24- Qatari stocks led regional gains on Thursday after the government announced it was moving ahead with a draft law to allow full foreign ownership of companies.

  • NEW YORK, May 24- Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin's popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday. Of the $1.2 billion, Jevans estimates that...

  • COLUMBIA, S.C.— After spending years fighting to keep drones from flying over prisons, South Carolina corrections officials now plan to use the small unmanned aircraft to keep a remote eye on inmates. State Corrections Director Bryan Stirling showed reporters new drones on Thursday that can be used to monitor a prison and the area outside, where contraband such...

  • Rising trade tensions between the U.S. and China have battered the stock market overall recently, and the S&P 500, which tracks large U.S. companies, has yet to recover the steep losses it took as investors worried about a possible trade war that could slow the growth of the global economy. Since the market's recent low on Feb. 8, the Russell 2000 index of small...