PG&E in talks with lawmakers on $11 billion fund: Bloomberg
Troubled power utility company PG&E Corp has spoken to lawmakers for arranging about $11 billion fund to settle claims related to wildfires, Bloomberg reported on Wednesday.
U.S. cruise operators stop sailing to Cuba, travelers vent anger online
Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration’s ban on travel to the Caribbean island, angering travelers and prompting worries about trip cancellations and company earnings.
Fiat Chrysler sales chief files whistleblower suit over SEC probe
Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, c…
Mexico, U.S. officials meet in high-stakes tariff talks at White House
Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods next week, even as their government prepared to retaliate if duties go ahead.
Exclusive: Wells Fargo board weighs keeping interim CEO in place – sources
Wells Fargo & Co board members are considering keeping interim Chief Executive Allen Parker in the job permanently even after saying they would seek an outsider to fill the role, according to two sources familiar with the board’s thinking.
Justice Department to review 1941 ASCAP, BMI consent decrees
The U.S. Justice Department said on Wednesday it would review two consent decrees reached with music licensing groups ASCAP and BMI in 1941, a decision that could upend the business of licensing music to online companies, movie companies, commercials, …
Ex-CEO Whitman says was happy to throw HP predecessor ‘under the bus’ over Autonomy deal
Meg Whitman, the former boss of Hewlett-Packard, said she was happy to throw her predecessor Leo Apotheker “under the bus” in a moment of anger over the botched acquisition of British software company Autonomy, London’s High Court heard on Wednesday.
Boeing’s 777X faces engine snags, questions rise over delivery goal
Boeing Co’s effort to build the world’s largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co’s new GE9X turbine engine, a top Boeing executive said on Wednesday.
Mexico wants U.S. to reroute funds to tackle migrant surge: sources
Mexico wants the United States to redirect security funding toward boosting economic development in the Mexico-Guatemala border region to try to stem the flow of migrants from the region, Mexican officials said on Wednesday.
Global stocks climb, short-dated Treasury yields dip on bets for U.S. rate cut
Major world stock markets rose and short-dated U.S. Treasury yields fell on Wednesday as investors bet that the U.S. Federal Reserve would cut interest rates and help boost a sluggish global economy.
