PG&E restructuring highlights arcane California legal rule
PG&E Corp’s chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 billion the company expects to face from recent blazes.
Walmart expected to leave CVS drugstore networks amid pricing dispute: WSJ
Walmart Inc’s pharmacies are expected to leave CVS Health Corp’s drugstore networks due to a dispute over pricing, the Wall Street Journal reported on Tuesday.
JPMorgan misses profit estimates as bond trading slumps
JPMorgan Chase & Co reported a lower-than-expected quarterly profit as a slump in bond trading outweighed gains from higher interest rates and loan growth.
Stock futures flat as weak JPMorgan results offset China stimulus boost
U.S. stock futures pointed to a flat start on Tuesday, with an early boost from hopes of more Chinese stimulus for the economy fading following poor results from JPMorgan.
Oil prices rise over 1 percent, but global slowdown looms
Oil prices rose more than 1 percent on Tuesday after tumbling the previous session, although a darkening economic outlook may soon weigh on growth in fuel demand.
China hopes boost stocks, pound near two-month top before Brexit vote
Chinese stimulus hopes lifted world stocks on Tuesday, while Britain’s pound huddled near a two-month high as the UK’s parliament readied for a “meaningful” vote on Prime Minister Theresa May’s unpopular Brexit plans.
Delta growth to slow further in first quarter, shares dip
Delta Air Lines Inc on Tuesday forecast a further fall in unit revenue growth in the first quarter of 2019, adding to growing concerns about airlines’ ability to raise fares in an uncertain global economy.
Living the tech dream, thanks to a novel apprenticeship program
While growing up in Seattle, Enrique Rico’s mom cleaned the posh homes of Microsoft employees. When Rico tagged along on sick days from school, he dreamed of having the life of a technology worker.
UnitedHealth profit beats on strength in Optum, insurance units
UnitedHealth Group Inc beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by growth in services business as well as its mainstay health insurance plans.
Rothschild vice chairman resigns from PG&E board
Struggling California power company PG&E Corp said on Tuesday Roger Kimmel, vice chairman of investment banking firm Rothschild Inc, had resigned from company’s board.
