The chief of California’s top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility’s stock to surge over 40 percent in a matter of minutes.
Karey Burke will replace Channing Dungey as president of Walt Disney’s ABC Entertainment, the company said on Friday.
Bombardier Inc’s top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 20 percent, sources familiar with the matter said.
Karey Burke will replace Channing Dungey as president of Walt Disney’s ABC Entertainment, the company said on Friday.
The chief of California’s top utilities regulator said on Friday he was “stunned and terrified” to learn that reassurances he made to investors about PG&E caused the embattled power utility’s stock to surge over 40 percent in a matter of minutes.
Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy’s biggest telecoms group Telecom Italia (TIM) , two sources familiar with the matter said.
Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.
The head of California’s top utilities regulator said on Friday that utilities must be able to borrow money cheaply in order to properly serve ratepayers, affirming comments about PG&E Corp that sent its stock surging 37 percent.
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq.
The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but declines in shares of Nvidia Corp , Amazon.com Inc and Facebook Inc helped to drag down the Nasdaq.
Bombardier Inc’s top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 23 percent in afternoon trading, two sources familiar with the matter said.
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods.
The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal.
U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.
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