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CNBC Utilities Page Wires

  • July 17- Berkshire Hathaway Inc on Tuesday made it easier for the company to buy its own shares, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's cash. Its class A shares closed Tuesday at $288,500, roughly 1.37 times its book value per share of $211,184 as of March 31. "It's a somewhat significant change," said Steven...

  • LONDON, July 18- The number of Britons subscribing to TV services like Netflix, Amazon and Sky's NOW TV, has overtaken traditional satellite and cable TV for the first time, media regulator Ofcom said on Wednesday. Ofcom Chief Executive Sharon White said the rapid change in what we watch and how we watch had profound implications for the UK television industry.

  • *North Sea revival seen due to government, industry initiatives. *UK authorities cut taxes, established benchmarks. When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030..

  • WASHINGTON, July 17- The U.S. House of Representatives voted 406-4 on Tuesday to pass legislation easing rules for small businesses and entrepreneurs in an overwhelmingly bipartisan vote that could boost support for the package among Democrats in the Senate. Hensarling had hoped aspects of Tuesday's package could be added to the Dodd-Frank rewrite but...

  • Second-quarter net income jumped 72 percent to $877 million, or $1.01 per share, blowing past analysts' average forecast of 87 cents per share, according to Thomson Reuters I/B/E/S. The measures were initiated by industry turnaround veteran Hunter Harrison, who was CEO when he died in December 2017. "It's looking very likely that we're going to get the kind of...

  • DALLAS— Texas Instruments has dumped CEO Brian Crutcher for personal misconduct less than two months after he took over the job, ruining the chip maker's hopes for a smooth transition to new leadership. The Dallas company is bringing back Crutcher's predecessor as CEO, TI Chairman Rich Templeton. Crutcher replaced Templeton as CEO June 1 as part of what the...

  • TORONTO, July 17- A Toronto- based start-up has secured $10 million in funding from venture capitalists to expand its operations in the temporary tattoo business, the company's chief executive officer said on Tuesday. The company, which was founded in 2015 and operates in Canada and Japan, ships approximately 60,000 tattoos per month to over 150 countries, with...

  • Mnuchin told U.S. lawmakers last week the Trump administration was prepared to reopen talks with China to resolve trade issues, but only if Beijing was willing to pursue "serious efforts to make structural changes" to its policies. The United States and China have imposed tariffs on $34 billion of each other's imports, and President Donald Trump has threatened...

  • July 17- Texas Instruments Inc said on Tuesday that Brian Crutcher had resigned as the company's chief executive officer just six weeks into the role, due to violations of the chipmaker's code of conduct on personal behavior. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a...

  • July 17- Berkshire Hathaway Inc on Tuesday amended its stock buyback policy, a change that could help billionaire chairman Warren Buffett deploy more of the conglomerate's cash. The new policy lets Buffett and Vice Chairman Charlie Munger authorize buybacks when they believe the repurchase price is "below Berkshire's intrinsic value, conservatively...

  • NASHVILLE, Tenn. _ Pinnacle Financial Partners Inc. on Tuesday reported second-quarter profit of $86.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share. Five analysts surveyed by Zacks expected $228.9 million.

  • BRASILIA, July 17- Brazil's benchmark index rose on Tuesday to its highest level in about six weeks after the head of the U.S. Brazil's Bovespa gained nearly 2 percent, outdoing other major Latin America markets. In prepared remarks before the Senate Banking Committee, Fed Chairman Jerome Powell downplayed the impact of current global trade policy discussions...

  • DENVER— JBS USA, the U.S. branch of the world's largest meat producer, says it has suspended shipments from a pig farm where workers were shown hitting, kicking and throwing pigs on undercover video. The Colorado- based company said it made the decision based on an initial review of the Mercy for Animals video at a Tosh Farms site in Simpson County, Kentucky, and will...

  • MEXICO CITY, July 17- America Movil, Latin America's largest telecommunications firm by number of subscribers, reported second-quarter net profit of 818 million pesos, down 94.3 percent from the same period last year.

  • Treasury Secretary Steven Mnuchin has no formal bilateral meetings planned with Chinese officials at this weekend's G20 finance ministers and central bank governors meeting in Argentina, a senior Treasury official said on Tuesday.

  • SAO PAULO, July 17- Brazil's JBS SA, the world's largest meat producer, said on Tuesday it had stopped using one of its suppliers after an animal rights group released a video showing alleged mistreatment of pigs. Tosh Farms is among the 25 largest U.S. pig producers and is a supplier to JBS, according to Mercy For Animals. Tosh Farms did not immediately reply to a...

  • July 17- CSX Corp on Tuesday posted quarterly profit that topped Wall Street's target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency. Second-quarter net income rose to $877 million, or $1.01 per share, from $510 million, or 55 cents per share, in the year-ago period that included a $115 million...

  • What was also striking from the data was Russia's exclusion from the list of Treasury holders in May, analysts said. Data showed that Russia's holdings already had a massive drop to $48.7 billion in April from $96.1 billion in March. Gennadiy Goldberg, senior rates strategist at TD Securities, said there was a flight to safety in May because of the global trade...

  • FARNBOROUGH, England, July 17- Boeing Co sees scope for additional cost savings from suppliers as it expands through the proposed acquisition of the regional jet business of Brazil's Embraer SA, Chief Executive Dennis Muilenburg told Reuters on Tuesday. The comment from the head of the world's largest plane maker is the latest sign of pressure on aerospace...

  • July 17- Texas Instruments Inc said on Tuesday Brian Crutcher had resigned as the company's chief executive officer just six weeks into the role, due to violations of the chipmaker's code of conduct. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments...