The U.S. Commerce Department will add 28 Chinese public security bureaus and companies – including video surveillance company Hikvision – to a U.S. trade blacklist over the treatment of Uighur Muslims and other predominantly Muslim ethnic minorities, sources briefed on the matter said.
Brazil’s second largest private lender Banco Bradesco SA is proposing an 8 billion reais ($1.95 billion) extraordinary dividend payment, it said in a securities filing on Monday. Bradesco’s proposal comes as the bank has retained more capital than required by banking regulators. If approved by Bradesco’s board of directors on Oct. 17, the dividend will be paid on Oct. 23. …read more […]
Alex Ehrlich, co-head of the prime brokerage business at Morgan Stanley, plans to retire at the end of 2019, according to an internal memo seen by Reuters and confirmed by a spokesman. Ben Walker, who also co-heads the business, will become the sole chief of the unit, the Oct. 7 memo said. Ehrlich joined Morgan Stanley in 2009 after roles at UBS AG and Goldman Sachs in a career spanning 40 years. …read more […]
(Bloomberg) — Bankrupt utility owner PG&E Corp. issued an unprecedented warning to cut power in about 30 California counties as hot and windy conditions leave the state at risk of wildfires.The move may affect vast swaths of Northern and Central California, including Santa Clara, San Mateo, Napa and Alameda counties, according to a statement Monday. High winds are forecast in the region from late Tuesday through Thursday afternoon, prompting the National Weather Service to issue a fire weather watch.PG&E and other California utilities have been taking aggressive measures to keep equipment from sparking blazes after power lines ignited catastrophic fires …read more […]
Kroger Co said on Monday it would stop selling e-cigarettes at its stores and fuel centers, making it the latest U.S. supermarket chain to take the step amid growing regulatory scrutiny of the product.
Kroger Co said on Monday it would stop selling e-cigarettes at its stores and fuel centers, making it the latest U.S. supermarket chain to take the step amid growing regulatory scrutiny of the product. The company said it would discontinue sales after selling through its current inventory and cited “mounting questions and increasingly-complex regulatory environment associated with these products” for its decision. Kroger’s move comes a month after Walmart Inc said it would stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores. …read more […]
Dividend paying stocks like Kinder Morgan, Inc. (NYSE:KMI) tend to be popular with investors, and for good reason… …read more […]
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of… …read more […]
A lawyer for the committee representing wildfire victims in the bankruptcy of PG&E Corp said at a hearing on Monday that the committee sees $13.5 billion as the cost to the power provider for paying claims of the victims.
(Bloomberg) — A federal court’s decision Monday to force President Donald Trump to turn over his tax returns may have ramifications outside of politics, and turn out to be a signal on how a judge may rule in the multistate lawsuit seeking to block T-Mobile US Inc.’s purchase of Sprint Corp.Judge Victor Marrero’s ruling on Trump’s taxes suggests that when he presides over the telecom mega-merger, he may not defer to the Department of Justice and Federal Communication Commission’s support for the phone company combination, New Street analyst Blair Levin said in an email. Instead, he will rule on the …read more […]
A lawyer for the committee representing wildfire victims in the bankruptcy of PG&E Corp said at a hearing on Monday that the committee sees $13.5 billion as the cost to the power provider for paying claims of the victims. Cecily Dumas of BakerHostetler was comparing that expectation with the maximum of $8.4 billion PG&E has proposed for paying victims of the wildfires in 2017 and 2018 in Northern California that forced it to file for Chapter 11 bankruptcy protection in January. …read more […]
U.S. stocks were down slightly in late afternoon trading on Monday as reports on the trade front kept investors cautious ahead of scheduled talks later in the week.
Most of the action is occurring on the call side …read more […]
Oil prices settled lower on Monday, paring earlier gains as hopes of a comprehensive U.S.-China trade deal faded and a new poll showed analysts expected U.S. oil crude inventories to have risen last week.
Citi upgraded its rating on Uber, saying it expects the ride sharing company will see its revenue growth accelerate in the second half of the fiscal year. Yahoo Finance’s Dan Roberts join Akiko Fujita on The Ticker to discuss. …read more […]
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