California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity.
A Manhattan judge has dismissed Uber Technologies Inc’s lawsuit challenging a New York City law limiting the number of licenses for ride-hailing services, the first such cap by a major American city.
Malaysia has rejected an offer from Goldman Sachs of less than $2 billion in compensation over the 1MDB scandal, Prime Minister Mahathir Mohamad told the Financial Times on Friday, compared with its publicly stated demand of $7.5 billion. The Southeast Asian nation has charged Goldman and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling $6.5 billion that the U.S. bank helped raise for sovereign wealth fund 1Malaysia Development Bhd (1MDB). “Goldman Sachs has offered something like less than $2 billion,” Mahathir told the newspaper. …read more […]
(Bloomberg) — New York rested its securities-fraud case against Exxon Mobil Corp. after nine days of trial testimony without appearing to produce any definitive evidence that the oil company intentionally misled investors about how it accounted for climate-change risks.Exxon began presenting its first witnesses on Friday and may wrap up its defense late next week. The company is expected to call employees, accountants and experts to the stand to stave off claims that it lied to the public about the way it plans for future climate regulations.For the second time during the three-week trial, climate protesters, most of them young …read more […]
Q3 2019 MSCI Inc Earnings Call …read more […]
Britain will impose an immediate moratorium on fracking, the government announced on Saturday, saying the industry risked causing too much disruption to local communities through earth tremors.
U.S. President Donald Trump on Friday suggested he could sign a long-awaited trade agreement with China in the farm state of Iowa, which has been hard hit by tariffs in a nearly 16-month trade war between the world’s largest economies.
(Bloomberg) — Ford Motor Co. is changing course a third time in as many years with its Mustang assembly plant in Michigan, nixing plans to make a new model there and tentatively shifting production to a factory in Ohio, according to people familiar with the matter.Ford no longer intends to build electric vehicles alongside Mustangs at its plant in Flat Rock, south of Detroit, according to the people, who asked not to be identified. The product now appears to be heading to the automaker’s plant in Avon Lake, Ohio, where it’s investing $900 million to build an unspecified new product …read more […]
Q1 2020 CACI International Inc Earnings Call …read more […]
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Priya Misra, TD Securities Head of Global Rates Strategy, joins Yahoo Finance’s The Final Round to go over the latest jobs report and what it says about the U.S. economy. …read more […]
California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity. The new company can only happen “if we first get out of bankruptcy court,” Newsom said in a statement https://medium.com/@CAgovernor/governor-gavin-newsom-outlines-roadmap-for-wildfires-communities-and-utility-c9d886dee571 on Friday, without elaborating on his plans. The San Francisco-based power producer in January filed for Chapter 11 bankruptcy protection anticipating its liabilities from massive wildfires in 2017 and 2018 blamed on its equipment could top …read more […]
The United States and China are on a good path to complete the first part of a trade agreement, but two additional phases will be needed to address all of China’s “structural deadly sins,” White House trade adviser Peter Navarro said on Friday.
California Governor Gavin Newsom said he will convene a meeting of PG&E shareholders and executives in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity.
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