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CNBC Utilities Page Wires

  • *Hungary boosts bond offer, demand on long bonds quite weak. BUDAPEST/ BUCHAREST, July 19- Central European currencies eased and Hungary's government bond auction drew weaker-than-expected demand on Thursday as the dollar took centre-stage, reaching a one-year high. Hungary sold government bonds worth 72.5 billion forints at its auctions, 17.5 billion...

  • DUBAI, United Arab Emirates— The Abu Dhabi National Oil Company says it has awarded contracts worth AED 5.88 billion to China's largest state-owned oil company to conduct what is says is the world's largest continuous 3 D offshore and onshore seismic survey. ADNOC said in a statement Thursday that BGP Inc., a subsidiary of China National Petroleum Company, will...

  • NEW YORK— The latest on developments in financial markets:. American Express lost 2.7 percent Thursday after the company said it had to set aside more money last quarter to cover potential bad loans. Cigarette maker Philip Morris International lowered its earnings forecast.

  • The company's shares were down 2.3 percent at $127 in opening trade on the New York Stock Exchange. Travelers' quarterly profit was also hurt by a charge of $45 million associated with fire-related commercial losses and an $18 million assessment related to Hurricane Harvey, the insurer said. Net income fell to $524 million, or $1.92 per share, in the second...

  • July 19- U.S. stocks opened lower on Thursday on declines in financial and industrial stocks and renewed trade tensions on news that the European Union may retaliate if the United States slaps tariffs on EU cars. The Dow Jones Industrial Average fell 60.14 points, or 0.24 percent, at the open to 25,139.15. The S&P 500 opened lower by 6.25 points, or 0.22 percent, at...

  • July 19- Danaher Corp said on Thursday it expects an earnings impact of a cent per quarter from the U.S.- China trade tariff dispute.

  • CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported second-quarter net income of $683.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share. Three analysts surveyed by Zacks expected $6.49 billion.

  • LONDON, July 19- This year's near-collapse in U.S. companies' euro and sterling-based borrowing is being linked to Trump administration tax changes that are raising the appeal of bringing home cash held offshore to invest instead of tapping bond markets. But sales blossomed notably after 2015 as the European Central Bank's unprecedented bond-buying...

  • President Donald Trump on Thursday said the European Union was taking advantage of the United States, pointing to the record $5 billion fine that European antitrust regulators slapped on Google on Wednesday. The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google. They truly have taken advantage of the U.S., but not for...

  • Hope& Coffee began serving customers Thursday morning in Tamaqua, a small coal-region town about 85 miles from Philadelphia. Coffee shop supervisor Sica Brown says she was addicted to heroin for years. She calls Hope& Coffee an "absolute life changer."

  • WASHINGTON, July 19- Commerce Secretary Wilbur Ross said Thursday it was "too early" to say if the United States would impose tariffs of up to 25 percent on imported cars and parts, a suggestion that has been met with harsh criticism from the industry. The Alliance of Automobile Manufacturers, whose members include General Motors Co, Volkswagen AG and Toyota Motor...

  • BRYN MAWR, Pa. _ Bryn Mawr Bank Corp. on Thursday reported second-quarter profit of $14.7 million. The Bryn Mawr, Pennsylvania-based bank said it had earnings of 72 cents per share. Bryn Mawr Bank shares have increased nearly 7 percent since the beginning of the year.

  • *Russia has denied any role in the attack. LONDON, July 19- British police have identified several Russians who they believe were behind the nerve agent attack on former spy Sergei Skripal and his daughter, the British news agency, Press Association, said on Thursday, citing a source close to the investigation. Britain blamed Russia for the poisonings and...

  • July 19- Comcast Corp said it dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on Thursday and will focus on its offer for European pay-TV group Sky Plc.. Disney fended off Comcast's $66 billion all-cash challenge to its deal for the Fox assets last month by sweetening its offer to $71 billion in cash-and-stock.

  • RANCHO CORDOVA, Calif. _ American River Bankshares on Thursday reported second-quarter net income of $1.3 million. The Rancho Cordova, California- based bank said it had earnings of 22 cents per share. The parent company of American River Bank posted revenue of $5.9 million in the period.

  • *Weekly jobless claims fall 8,000 to 207,000. WASHINGTON, July 19- The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/ 2 years, as the labor market continues to strengthen. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 207,000 for the week ended...

  • *OPEC pared production cuts in June- sources. Benchmark Brent crude oil fell $1.07 to a low of $71.83 a barrel before recovering to trade around $72.35 by 1304 GMT. Brent has fallen almost 9 percent from last week's high above $79 on emerging evidence of higher production from Saudi Arabia and other members of the Organization of the Petroleum Exporting...

  • *China yuan hits 1- year low on stimulus, tariff issues. *Metals badly dented by China worries. LONDON, July 19- The dollar climbed to a one-year high but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive down its currency.

  • U.S. 30- YEAR TREASURY YIELD TURNS LOWER, RETREATS FROM 2- WEEK PEAK; 30- YEAR YIELD LAST AT 2.987 PCT.

  • NEW YORK— Facebook CEO Mark Zuckerberg is clarifying his stance pertaining to Holocaust deniers after getting some blowback on social media. Speaking with Recode's Kara Swisher, Zuckerberg, who is Jewish, said in an interview published Wednesday that Facebook posts denying the Holocaust took place would not be removed automatically. Zuckerberg said he...