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CNBC Utilities Page Wires

  • CAMBRIDGE, Mass. _ Cambridge Bancorp on Thursday reported first-quarter profit of $5.8 million. The Cambridge, Massachusetts- based bank said it had earnings of $1.41 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • April 19- U.S. Food and Drug Administration staff flagged concerns on Thursday about potentially fatal blood clots from higher doses of a rheumatoid arthritis drug developed by Eli Lilly and Co and Incyte Corp, a fresh setback after regulators declined to approve the treatment last year. The FDA last April declined to approve the drug, baricitinib, in a move that...

  • TROY, Mich. _ Syntel Inc. on Thursday reported first-quarter profit of $45.6 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Syntel expects full-year earnings to be $1.76 to $1.96 per share, with revenue in the range of $920 million to $960 million.

  • ABU DHABI, April 19- Foreign direct investments from Chinese companies in Abu Dhabis industrial free zone has touched $1 billion in less than a year and is expected to rise when the UAEs new investment law takes effect, officials said on Thursday. A new investment law that will allow 100 percent ownership to foreign companies outside of free zones in the UAE is...

  • BRYN MAWR, Pa. _ Bryn Mawr Bank Corp. on Thursday reported first-quarter earnings of $15.3 million. The Bryn Mawr, Pennsylvania-based bank said it had earnings of 75 cents per share. Bryn Mawr Bank shares have dropped slightly since the beginning of the year.

  • CHICAGO _ Gatx Corp. on Thursday reported first-quarter earnings of $76.3 million. Gatx shares have risen 12 percent since the beginning of the year. Access a Zacks stock report on GATX at https://www.zacks.com/ap/GATX.

  • ATLANTA— An Alabama mayor says the last train car full of New York City sewage sludge that has stunk up her town has finally been emptied. For more than two months, the sludge has blown an unbearable stench throughout the small town of Parrish. Hall said after a public outcry, the Norfolk Southern railroad required Big Sky to hire more truck drivers to remove the...

  • ATLANTA _ Genuine Parts Co. on Thursday reported first-quarter profit of $176.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. Genuine Parts expects full-year earnings in the range of $5.60 to $5.75 per share.

  • MANITOWOC, Wis. _ County Bancorp Inc. on Thursday reported first-quarter net income of $4.1 million. The Manitowoc, Wisconsin- based bank said it had earnings of 58 cents per share. County Bancorp shares have fallen slightly more than 2 percent since the beginning of the year.

  • *Thomson Reuters has back-to-back record months. LONDON, April 19- Foreign exchange trading volumes rose to a record high in the first three months of the year, data showed on Thursday, as a rise in volatility from multi-year lows encouraged more buying and selling of currencies. The numbers released by CLS, a major settler of trades in the foreign exchange market,...

  • LONDON, April 19- Last October, at the height of a political crisis in Iraq's Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil major Rosneft. Kurdistan, a region of about 6 million people in northern Iraq, had just tried and failed to break away from the rest of the country. Global powers including the United...

  • *Nestle beats, Unilever meets analysts' forecasts. *Volume picks up but pricing slows. ZURICH/ LONDON, April 19- First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment.

  • BAMAKO, April 19- A strike has halted gold production at two mines in Mali run by Randgold Resources since Wednesday, two senior union officials told Reuters on Thursday. Randgold, which owns three gold mines in Mali, was not immediately available for comment. The Loulo and Gountoko mines are located in Mali's gold-rich south, far from the unrest caused by Islamist...

  • BEIJING, April 19- China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country's reliance on imported chips. The talks underscore China's concern about its reliance on imported chips from global names...

  • All 50 states and the District of Columbia had declines of more than 5 percent. Health data firm IQVIA's Institute for Human Data Science released a report Thursday showing an 8.9 percent average drop nationwide in the number of prescriptions for opioids filled by retail and mail-order pharmacies. Declines topped 10 percent in 18 states, including all of New...

  • SAN JUAN, Puerto Rico— Puerto Rico's power company says it has restored electricity to more than 80 percent of customers affected by an island-wide blackout that was caused by an excavator hitting a transmission line. The Electric Power Authority said it expects to restore power to the remaining 326,000 customers by noon Thursday. It was the first time Puerto...

  • *Fire-ravaged Russian mall faced financial pressures. *Investigators say mall developed illegally. KEMEROVO, Russia, April 19- The company behind a Russian shopping mall where a fire recently killed 64 people, most of them children, had sought to slash costs amid financial losses according to interviews with former employees, their relatives, and owners of...

  • LONDON, April 19- Japan's Takeda Pharmaceutical said on Thursday it was in negotiations with Shire after making a bid worth 46.50 pounds per share that was rejected by the London- listed rare diseases drugmaker.

  • CONWAY, Ark. _ Home BancShares Inc. on Thursday reported first-quarter profit of $73.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Home BancShares shares have decreased almost 6 percent since the beginning of the year.

  • BANGKOK— A court in Thailand has found seven environmental activists not guilty of violating a law on public gatherings that imposes severe penalties for actions that disrupt public services. The activists, all women, in November 2016 blocked access to a meeting at a local government office in Loei province in Thailand's northeast to protest a request by a...