Year: 2019

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Trading Ideas

PG&E Wildfire Victims Sue to Get Paid Before Fire Insurers

November 11, 2019 admin Comments Off on PG&E Wildfire Victims Sue to Get Paid Before Fire Insurers

(Bloomberg) — PG&E Corp. wildfire victims have filed a new lawsuit arguing they must be fully repaid for the losses of their homes and businesses before fire insurers are as part of the utility’s bankruptcy.The case takes aim at an $11 billion settlement agreement between bankrupt PG&E and fire insurers, who are allied with the utility and shareholders against wildfire victims and PG&E noteholders in the Chapter 11 case.An official committee appointed to represent fire victims is asking the judge overseeing PG&E’s bankruptcy to rule that under California law, the victims must be “made whole” before the insurers can be …read more […]

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Trading Ideas

US STOCKS-Wall Street set for weak open as Trump, Hong Kong sour mood

November 11, 2019 admin Comments Off on US STOCKS-Wall Street set for weak open as Trump, Hong Kong sour mood

Wall Street’s main indexes were set to retreat at the open on Monday as comments by President Donald Trump dampened expectations around a U.S.-China trade deal, while escalating violence in Hong Kong added to investor worries. Hopes of a “phase one” deal to end the damaging 16-month trade war and largely upbeat corporate earnings have sparked a rally that helped the three major stock indexes close at record highs on Friday. Trade-sensitive stocks Caterpillar Inc, Advanced Micro Devices Inc, Micron Technology Inc and Intel Corp shed about 1% each in premarket trading. …read more […]

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Trading Ideas

Market Weekend: CBS Fires Non-Leaker, Walgreens Deal, Hazy Aramco Details, China Inflation Up on Pork

November 11, 2019 admin Comments Off on Market Weekend: CBS Fires Non-Leaker, Walgreens Deal, Hazy Aramco Details, China Inflation Up on Pork

CBS Fires Producer Who Recorded Amy Robach Tape On Epstein Interview Spike But she’s not the leaker. Ashley Bianco, a 25-year old producer who formerly worked for Disney’s (NYSE:DIS) ABC, was fired by CBS (NYSE:CBS) this week after ABC falsely identified her as the leaker that released a video of ABC anchor Amy Robach complaining […]The post Market Weekend: CBS Fires Non-Leaker, Walgreens Deal, Hazy Aramco Details, China Inflation Up on Pork appeared first on Market Exclusive. …read more […]

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Business News

UK building sector hit by surge in insurance costs after Grenfell fire

November 11, 2019 admin Comments Off on UK building sector hit by surge in insurance costs after Grenfell fire

Two years after a fire killed 71 people at London’s Grenfell Tower, insurance premiums for building contractors, architects and surveyors have surged by as much as several hundred percent, risking future projects, industry sources say. Combustible materials used to refurbish Grenfell were central to the chain of events in June 2017 that turned an ordinary kitchen fire into an inferno, an official inquiry said last month.

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