Business > Market

Market tumult threatens PG&E deal with wildfire victims

1 month ago   |   By KCRA

Lawyers who negotiated a crucial $13.5 billion deal for the victims of deadly wildfires caused by Pacific Gas & Electric equipment are expressing serious doubts about whether the nation's largest utility will be able to pay the full amount as the economy sinks toward a recession.
Read more ...

 

Wildfire Victims Push to Reopen $13.5 Billion Deal With PG&E

Wildfire Victims Push to Reopen $13.5 Billion Deal With PG&E

1 month ago   |   By NY Times

The falling price of the utility's shares, which are part of the settlement, has jeopardized the company's plan to emerge from bankruptcy by June 30.
Read more ...

 

Market tumult threatens PG&E deal with wildfire victims

1 month ago   |   By Star Tribune

Lawyers who negotiated a crucial $13.5 billion deal for the victims of deadly wildfires caused by Pacific Gas & Electric equipment are expressing serious doubts about whether the nation's largest utility will be able to pay the full amount as the economy sinks toward a recession.
Read more ...

 


Search by Tags

   Market      Economy      Bankruptcies      Stocks and Bonds      Wildfires      Coronavirus      Pacific Gas and Electric Co      Paradise      California      Suits and Litigation      Electric Light and Power  


NYPD cancels officers' regular days off amid George Floyd protests

NYPD cancels officers' regular days off amid George Floyd protests

The New York Police Department is canceling officers' regular days off as protests continue across New York City. The protests have been mostly peaceful although instances of... Read more ...

AMC Theatres has 'substantial doubt' it can remain in business

AMC Theatres has 'substantial doubt' it can remain in business

The world's biggest movie theater chain said it has "substantial doubt" it can remain in business after closing locations across the globe during the coronavirus pandemic. Read more ...

Trump's Pentagon chief opposes Insurrection Act, says sending in active-duty...

Trump's Pentagon chief opposes Insurrection Act, says sending in active-duty troops to tackle unrest should be 'last resort'

Secretary of Defense Mark Esper spoke out Wednesday against invoking the Insurrection Act to deploy active-duty US military inside the country to respond to unrest following... Read more ...

Snapchat will stop promoting President Trump's account in Discover: 'We will...

Snapchat will stop promoting President Trump's account in Discover: 'We will not amplify voices who incite racial violence and injustice'

Snapchat will not promote President Trump's account in the Discover section of its app, the company said on Wednesday. "We will not amplify voices who incite racial violence... Read more ...

White House reportedly 'not happy' with Pentagon chief after he broke with...

White House reportedly 'not happy' with Pentagon chief after he broke with Trump on using combat troops to confront protesters

Secretary of Defense Mark Esper reportedly caught the White House off guard Wednesday when he said that he opposed sending active-duty troops to respond to protests and unrest... Read more ...

Applications to purchase a home are 18% higher than a year ago as buyers...

Applications to purchase a home are 18% higher than a year ago as buyers rush back to the market

Mortgage applications to purchase a home gained 5% last week and were 18% higher than a year ago, according to a Wednesday report from the Mortgage Bankers Association. The... Read more ...

Walmart removes firearms and ammunition from the sales floor of some stores...

Walmart removes firearms and ammunition from the sales floor of some stores amid protests

Walmart has pulled firearms and ammunition from the sales floor of some stores, the company told Business Insider on Wednesday. "Those items are available for purchase, but are... Read more ...

China warns the UK to 'step back from the brink' after Boris Johnson offers...

China warns the UK to 'step back from the brink' after Boris Johnson offers 3 million Hong Kong citizens refuge in Britain

China warns the UK to "step back from the brink" after Boris Johnson threatens to offer millions of Hong Kong residents the right to move to Britain if China strips away their... Read more ...

Meet the de Blasio family, the first family of New York City

Meet the de Blasio family, the first family of New York City

Bill de Blasio has been the mayor of New York City since 2013. He was re-elected for a second term in 2017. Chirlane McCray, Mayor de Blasio's wife, has been praised for making... Read more ...

US stocks gain as economic-reopening optimism continues to outweigh civil unrest

US stocks gain as economic-reopening optimism continues to outweigh civil unrest

US equities climbed on Wednesday as investors pointed to positive labor-market data as a new sign of smooth economic recovery. Major indexes extended premarket gains after an... Read more ...