PG&E bondholders propose bankruptcy exit plan worth up to $30 bln
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires.
Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
Bombardier Inc said it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker’s exit from commercial aviation.
Wall Street drops on trade worries, Fed Chair Powell’s speech
Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump t…
Exclusive: In a world first, Facebook to give data on hate speech suspects to French courts
In a world first, Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges, France’s minister for digital affairs Cedric O said on Tuesday.
PG&E bondholders propose bankruptcy exit plan worth up to $30 billion
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires.
Indonesia media exec says company talking to Disney; tycoon founder denies
The director of the investment arm of Indonesian media group Media Nusantara Citra (MNC) <MNCN.JK > said on Tuesday the group was in talks with Walt Disney Co on a possible investment by the U.S. media conglomerate, but the group’s owner Hary Tanoesoedibjo denied talks were taking place.
Trump thinks dollar is too strong, blames Fed policy: official
President Donald Trump believes the U.S. dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday.
Instant view: Powell – Fed is ‘insulated’ from short-term political pressure
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates.
Powell says Fed is wrestling with whether to cut rates, insulated from politics
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers wrestle with whether to cut rates as President Donald Trump has demanded.
UBS CEO welcomes cryptocurrency advances but urges caution
Switzerland should welcome innovation in cryptocurrencies but needs to be on guard against potential abuses by criminals, UBS Group Chief Executive Sergio Ermotti told a panel discussion on Tuesday.
