Bankrupt PG&E to take $4.9 billion more charge on wildfire victim claims
PG&E Corp said https://www.sec.gov/ix?doc=/Archives/edgar/data/75488/000095015719001393/form8-k.htm on Monday it would take a pretax charge of $4.9 billion in the current quarter related to the settlement of claims from victims of some of most devastating wildfires in California’s modern history.
Flying cars could lure investors away from ground-based services: survey
Electric air taxis — known colloquially, if somewhat misleadingly, as “flying cars” — could draw millions of investor dollars away from ground-based transportation start-up firms in 2020, according to a study released on Monday.
Nokia halts legal action against Daimler with mediation offer
Finnish telecoms equipment maker Nokia has called a temporary halt to legal action against Daimler in the hope the German carmaker will be open to mediation in their dispute over technology licensing fees.
Oil slips as weak China exports highlight trade war impact
Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.
Stocks whacked as China export decline highlights trade war damage
Global equity markets were in a somber mood on Monday after Chinese export data highlighted the economic damage from the 17-month long trade war and re-focused attention on a crucial Dec. 15 tariff deadline.
General Motors pulls out of Russian car assembly business with Avtovaz deal
Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM’s presence in car assembling in the country.
Saudi Aramco IPO proceeds rise to $29.4 billion after option exercised: TV
The proceeds from Saudi Aramco’s record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday.
Tesco shares jump on possible sale of Asian business
Shares in Tesco rose more than 5% on Monday after Britain’s biggest retailer said it might sell its Asian businesses, in Thailand and Malaysia, which analysts valued at up to $9 billion.
Futures dip as Chinese data disappoints, tariff deadline closes in
U.S. stock index futures edged lower on Monday as weak data from China brought back fears of a slowdown in the world’s second-biggest economy, while investors awaited more news on trade ahead of a tariff deadline later in the week.
Oil falls 1% as weak China exports highlight trade war impact
Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.
