California wildfire risk prompts planned mass cutoff of PG&E power
Nearly 800,000 California homes and businesses can expect to lose electricity for up to several days from Wednesday, in a planned PG&E power shutdown of unprecedented scale due to heightened wildfire risks from high winds, the utility said.
Goldman evaluating role in China’s Megvii IPO after U.S. blacklist
Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist.
Asian stocks fall by the most in a week as U.S.-China standoff escalates
Asian stocks fell the most in a week on Wednesday as the United States and China’s ever-expanding dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.
U.S. senators call for probe of Brazilian meatpacker JBS
Two U.S. senators called on the U.S. Treasury on Tuesday to open an investigation into the world’s largest meat processing company, Brazil’s JBS S.A. , due to alleged ties with the Venezuelan government of leftist President Nicolas Maduro.
Boeing gets first 737 MAX order in months; deliveries halve
Boeing Co secured the first converted order in months for one of its grounded 737 MAX planes, company data for September showed on Tuesday, as it reported that total deliveries for the first nine months of 2019 had almost halved from a year earlier.
Goldman evaluating role in Megvii IPO after AI firm put on U.S. blacklist
Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering (IPO) after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist.
Twitter says user data meant for security purposes may have been used for advertising
Twitter Inc said on Tuesday email addresses and phone numbers uploaded by users to meet its security requirements may have been ‘inadvertently’ used for advertising purposes.
Jury says J&J must pay $8 billion in case over male breast growth linked to Risperdal
Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday.
Fed’s Powell says U.S. expansion is ‘sustainable’
Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act “as appropriate” amid an economy that he said is likely to continue to expand.
Levi Strauss profit hit by weakness in wholesale business in Americas
Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in its highest revenue-generating market, the Americas.
