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....
Wall St. set for lower open on Iran tensions, trade worries
Wall Street’s main indexes were set to open slightly lower on Tuesday, as investors worried about the fallout of new sanctions on Iran and signs...
AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan
Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of by far the biggest name in...
Disney in talks to invest in Indonesia’s largest media firm: source
Media Nusantara Citra is not in talks with Disney over an investment in one of the Indonesian media group’s companies, president and founder Hary Tanoesoedibjo...