PG&E bondholders propose bankruptcy reorganization plan worth up to $30 billion
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity,...
Porsche recalls 340,000 cars due to parking problem
Volkswagen’s sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on...
GM to spend $20 million more on equipment upgrade at Arlington plant
General Motors Co said on Tuesday it would invest an additional $20 million to upgrade equipment at the automaker’s Arlington Assembly plant in Texas, ahead...
PG&E bondholders propose competing bankruptcy plan worth up to $30 billion
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed filing a bankruptcy reorganization plan that would inject up to $30 billion, primarily...
Wall St. dragged down by Iran tensions, trade worries; Fed in focus
Wall Street’s main indexes slipped on Tuesday, hit by trade jitters and rising tensions in the Middle East, while investors focused on speeches by Federal...
Oil prices tick up ahead of U.S. crude stock data
Oil prices edged up on Tuesday as investors expected U.S. data due shortly to show declining crude stocks, which outweighed concerns over U.S.-China trade tensions...
Safety first: markets wary of world politics and policy and dash for bunkers
Gold, Switzerland’s franc, Japan’s yen, top-rated government bonds, and even bitcoin — investors have dashed for havens and alternative assets this week as anxiety grows...
Wall St. opens flat ahead of Fed speeches
U.S. stocks opened flat on Tuesday, as rising tensions in the Middle East and signs that U.S.-China trade talks may generate little progress kept investors...
Gold soars to six-year high as trade, Iran tensions mount
Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back...
Unilever to close Henderson ice cream manufacturing facility in Nevada
Consumer goods giant Unilever said it would close its ice cream manufacturing facility in Henderson, Nevada, hurting about 300 jobs....