CNBC Utilities Page Wires

  • YANCHENG, China, March 23- Rescuers in eastern China pulled a survivor from rubble early on Saturday, two days after a massive explosion at a pestcide plant killed at least 64 people, flattening nearby buildings and shattering windows more than a mile away. Officials said more than two dozen people were still missing and hundreds had been injured in Thursday's...

  • ALGIERS, March 23- Hundreds of Algerian lawyers protested again on Saturday in the capital to demand the immediate resignation of President Abdelaziz Bouteflika who has been for 20 years in power. They gathered in Algiers' centre, the scene of mass protests for one month, holding up slogans that read: "Respect the will of the people" and "Yes to a judiciary free from...

  • BEIJING, March 23- Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in a bitter trade dispute. "We encourage China to continue to open up, we see that as essential, not only for China to reach its full potential, but for the global economy to thrive,"...

  • YANCHENG, China, March 23- Rescuers pulled a survivor from rubble early on Saturday in the wake of a massive explosion at a pesticide plant in eastern China that flattened buildings, blew out windows more than a mile away and killed at least 64 people. Officials said more than two dozen people were still missing and hundreds had been injured in Thursday's blast at...

  • CHICAGO, March 22- Southwest Airlines Co is sending a team to review Boeing Co's software upgrade for its 737 MAX airplanes, a spokeswoman told Reuters on Friday, even as it prepares to park its 34 MAX jets at a facility near the California desert. Boeing's signature jet was grounded across the world last week following a deadly Ethiopian Airlines crash near Addis...

  • CHICAGO, March 22- Southwest Airlines Co is sending experts from its technical pilot and training teams to review documentation and training associated with Boeing Co's updated speed trim system on its 737 MAX aircraft, a spokeswoman told Reuters on Friday. Southwest, the largest operator of 737 MAX in the world, is also preparing to park its 34 MAX jets at a...

  • SAN FRANCISCO, March 22- The Federal Reserve's patient approach to monetary policy does not mean the U.S. central bank will not increase interest rates, or cut them, should the need arise, the president of the Atlanta Federal Reserve Bank, Raphael Bostic, said on Friday. "We may move up; we may move down," Bostic said in remarks prepared for delivery to a monetary policy...

  • ST. JOSEPH, Mo., March 22- Record floodwaters that submerged vast stretches of Nebraska and Iowa farmland along America's longest river reached a new crest on Friday at the waterfront city of St. Joseph, Missouri, forcing chaotic evacuations of thousands from low-lying areas. With emergency sirens blaring as the Missouri River rose to the top of the...

  • WASHINGTON/ CARACAS, March 22- The United States imposed sanctions on Friday on Venezuela's development bank, Bandes, a day after the Trump administration warned there would be consequences for the arrest by Venezuelan authorities of opposition leader Juan Guaido's top aide. Treasury said it was slapping the sanctions on Banco de Desarrollo Economico y...

  • 26- Mar United States Sale of 2- year notes. 26- Mar Italy CTZ/BTPi auction 26- Mar Japan Auction of 40- year government bonds 26- Mar Germany Auction of 2- year Treasury notes 27- Mar United States Sale of 2- year floating rate notes 27- Mar United States Sale of 5- year notes 27- Mar Italy Bills auction 27- Mar Sweden Auction of government bonds 27- Mar Norway...

  • SATURDAY, MARCH 23 SAN FRANCISCO- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook and monetary policy at dinner before the Federal Reserve Bank of San Francisco Macroeconomics and Monetary Policy Conference- 0200 GMT. **SEELSCHEID, Germany- ECB board member Sabine Lautenschlager participates in the EU Project Day in...

  • President Donald Trump on Friday said he has decided against imposing new large-scale sanctions on North Korea in a confusing tweet that seemed to imply he was reversing measures against two Chinese shipping companies, a U.S. administration source familiar with the matter said. But there were no new U.S. sanctions on North Korea announced on Friday, leading...

  • March 22- Viacom Inc's bitter contract renewal talks with AT&T Inc's DirecTV that could see the blackout of MTV, Nickelodeon and Comedy Central by midnight Friday are weighing on a possible tie-up of CBS and Viacom, sources familiar with the discussions said. Although the boards of CBS and Viacom have not discussed or decided on pursuing a merger, these sources...

  • March 22- Allergan Plc on Friday agreed to split its chairman and chief executive roles, but only at its next leadership change, as the drugmaker pushed back against claims from activist hedge fund Appaloosa LP that an independent chair could help current CEO Brent Saunders boost the company's sagging share price. The Botox maker announced the change in its...

  • HOUSTON, March 22- A petrochemical fire was quickly put out after it had re-ignited Friday at a fuel storage facility outside Houston, which had compounded the danger from a containment wall breach earlier in the day that spilled chemicals and halted ship traffic in the nation's busiest oil port. The fire in multiple giant tanks of fuel at Mitsui& Co.' s...

  • March 22- Viacom Inc's bitter contract renewal talks with AT&T Inc's DirecTV that could see the blackout of MTV, Nickelodeon and Comedy Central by midnight Friday are weighing on a possible tie-up of CBS and Viacom, sources familiar with the discussions said. Although the boards of CBS and Viacom have not discussed or decided on pursuing a merger, these sources...

  • Musk is trying to avoid being held in contempt for violating his October 2018 fraud settlement with the SEC, for having tweeted at 7:15 p.m. EST on Feb. 19 to his over 24 million Twitter followers that Tesla could build around 500,000 vehicles in 2019.. SEC spokesman Ryan White declined to comment. Musk's settlement, including $20 million civil fines for both him...

  • President Donald Trump spoke by phone with German Chancellor Angela Merkel on Friday to discuss a range of issues including trade and NATO funding, the White House and a senior administration official said. A White House statement said the conversation covered issues including trade, the Brexit debate in Britain, and upcoming meetings.

  • PALM BEACH, Fla., March 22- U.S. President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that would put a Trump loyalist inside the world's most important financial institution.

  • ACAPULCO, Mexico, March 22- Mexico is developing rules that would cap the amount of cash that can used to buy real estate, Finance Minister Carlos Urzua said on Friday, part of a push to reduce the use of physical currency in a country rife with money laundering and corruption. Urzua, speaking at a banking convention in the resort town of Acapulco, said the government...