Exclusive: California utility PG&E explores bankruptcy filing – sources
California utility company PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday.
Trump downplays Apple woes, says China economy helps U.S. in trade talks
President Donald Trump on Friday downplayed a revenue warning by Apple Inc and said slowing economic growth in China puts the United States in a strong position as negotiators from the world’s two largest economies prepare for trade talks next week.
Wall St. rebounds on robust jobs report, dovish Powell remarks
Wall Street rebounded on Friday to close at its highest in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates.
Powell tells markets Fed is flexible and aware of risks
Federal Reserve Chairman Jerome Powell on Friday sought to ease market concerns that the U.S. central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year.
Wall St. jumps after jobs report, Powell comments
Wall Street rebounded on Friday to close at its highest level in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rate…
PG&E seeks to make changes to its board
PG&E Corp , the electricity provider in the northern California region ravaged by a deadly wildfire, said it was searching for new directors at its holding company and its utility subsidiary Pacific Gas and Electric Co.
Powell to markets: Fed is flexible and aware of risks
Federal Reserve Chairman Jerome Powell on Friday sought to ease market concerns that the central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year.
Supreme Court to weigh Broadcom bid to end shareholder suit
The U.S. Supreme Court on Friday agreed to hear an appeal filed by a subsidiary of chipmaker Broadcom Inc seeking to put an end to a shareholder lawsuit concerning its 2015 acquisition of Emulex Corp.
Court battle, trade war and 5G spell tough 2019 for Apple in China
Apple Inc’s chief executive Tim Cook has his work cut out in China this year: the iPhone maker faces the looming threat of a court-ordered sales ban, the uncertain outcome of trade war talks and the roll-out of a new 5G network, where it finds itself b…
Wall St. roars back on robust jobs report, dovish Powell remarks
Wall Street rebounded on Friday after a strong payrolls report and remarks from Federal Reserve Chairman Jerome Powell that suggested the central bank would be flexible with monetary policy.
