U.S. judge approves PG&E deal with California wildfire victims; stock jumps
A U.S. bankruptcy judge approved on Tuesday PG&E Corp’s $13.5 billion settlement with victims of Californian wildfires, and the company’s stock rallied as the utility...
PG&E submits multi-party proposal for California wildfires
PG&E Corp said on Tuesday it submitted a multi-party settlement agreement related to the 2017 and 2018 wildfires in Northern California to the California Public...
Oil dips after U.S. stock build, but demand hopes support
Oil retreated on Wednesday after rising more than 1% in the previous session as U.S. industry data showed a surprise build in crude stocks, but...
FedEx cuts 2020 profit forecast – again – as seven-day delivery costs weigh
FedEx Corp on Tuesday issued its second warning for fiscal 2020 profit as it spent heavily to launch Sunday delivery in time for the holidays,...
WeWork arranges $1.75 billion credit line with Goldman Sachs
Shared workplace operator WeWork said on Tuesday it has arranged a $1.75 billion letter of credit with Goldman Sachs that is in the process of...
Asia shares rest at highs, sterling licks wounds
Asian stocks took a breather at 18-month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking its wounds as...
PG&E submits settlement agreement related to 2017, 2018 California wildfires
PG&E Corp said on Tuesday it submitted a multi-party settlement agreement related to the 2017 and 2018 wildfires in Northern California to the California Public...
YOUR MONEY – Don’t die yet: new U.S. law will muddle estate plans
It is not often that a spending bill in Congress will make regular Americans run to their financial planners for emergency help before the holidays....
FedEx cuts 2020 profit, cites ‘significant challenges’
FedEx Corp on Tuesday issued its second warning on fiscal 2020 profit after quarterly earnings fell sharply on lackluster global trade and the end of...
U.S. judge encourages PG&E deal with California wildfire victims; stock jumps
Utility PG&E Corp’s $13.5 billion settlement with victims of California wildfires got some encouraging words from a U.S. bankruptcy judge on Tuesday, and the company’s...