California wildfire victims sue utility PG&E alleging negligence
Victims of California’s deadliest wildfire have filed a lawsuit against PG&E Corp alleging negligence and health and safety code violations by the utility company in the blaze that has killed at least 48 people.
Exclusive: Sears finalizing $350 million bankruptcy loan with Great American – sources
Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in critical bankruptcy financing that would keep the U.S. retailer open through the holidays, people familiar with the matt…
U.S. safety board holds hearing on fatal Southwest engine explosion
The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger.
Blue Apron says it would sacrifice revenue growth in 2019; shares tumble
Blue Apron Holdings Inc said on Wednesday it would sacrifice overall revenue growth and cut marketing expenses in 2019, sending shares into volatile decline.
A matter of volume: threat from ascendant Chinese phones hangs over Apple
A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company’s plans to make services its main pillar of growth.
Wall Street gains on tame inflation data, oil rebound
U.S. stocks were higher on Wednesday, after consumer prices in October rose as expected, adding little pressure on the Federal Reserve to raise interest rates swiftly, while a rebound in oil prices lifted energy stocks.
Exclusive: Sears finalizing $350 bankruptcy loan with Great American – sources
Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in bankruptcy financing that would keep the retailer open through the holiday season while it attempts to reorganize, peopl…
Utility PG&E sued by victims of California wildfire
A group of three law firms representing multiple victims of California’s deadliest wildfire has filed a lawsuit against PG&E Corp alleging negligence and health and safety code violations by the utility company in the blaze that has killed at least 48 people.
PG&E shares dive after utility flags impact from Camp wildfire
Shares of utility PG&E Corp fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment was found responsible for starting the Camp wildfire currently raging in California.
Macy’s raises annual forecast before holiday season
Macy’s Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, as the department store chain builds on a recovery strategy that focuses on its well-performing stores and expanding online.
