Power provider PG&E Corp raises 2019 cost estimates by over 50%; shares fall
Power company PG&E Corp on Thursday raised its 2019 costs estimates by more than 50% related to deadly wildfires in California and its bankruptcy, sending its shares down nearly 6%.
EU’s Vestager says Apple Pay has prompted many concerns
Apple Pay has attracted regulatory scrutiny as a result of several expressions of concern about the U.S. tech giant’s mobile payment service, Europe’s antitrust chief said on Thursday.
Lufthansa plans more cost cutting as cabin crew strike over pay
Lufthansa announced plans on Thursday for more cost cuts and delivered better-than-expected results, sending shares higher even as a cabin crew strike posed a further challenge to the German airline’s efforts to revive profits.
Stung by WeWork, SoftBank boss Son charts more cautious IPO course
Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company’s funding and increase its reliance on its lower-growth telecom business.
Fed’s Powell to testify on economy on November 14
U.S. Federal Reserve Chair Jerome Powell will testify on the economy before the House Committee on the Budget on November 14, the committee said on Thursday.
Wall Street hits fresh record high on trade progress
Wall Street’s main indexes hit fresh record highs on Thursday, rallying on signs of progress in U.S.-China trade relations and another batch of largely upbeat earnings reports.
Oil rises above $62 on hopes for U.S.-China trade deal
Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.
Risk for Uber affiliate was mispriced: insurer James River’s CEO
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the accou…
Eu’s Vestager says has received many concerns regarding Apple Pay
Europe’s antitrust chief Margrethe Vestager said on Thursday that she has received many expressions of concerns regarding iPhone maker Apple’s mobile payment service.
Exclusive: KKR’s new Asia-focused fund targets record $15 billion in 2020 – sources
Global private equity group KKR & Co Inc is targeting a record $15 billion for a new Asia-focused buyout fund, three sources with knowledge of the plan told Reuters.
