A California lawmaker has introduced a bill aimed at making PG&E Corp a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy.
“Today I’m introducing legislation to force PG&E to become a publicly owned utility,” California State Senator Scott Wiener said on Monday, adding it was time for a new approach at the utility company. …read more […]
(Bloomberg Opinion) — China’s Luckin Coffee Inc. hasn’t been having much luck lately. The last thing a retail business in the middle of a breakneck expansion needs is a deadly virus that keeps consumers off the streets and away from malls. What could be more damaging? Perhaps an attack by short-sellers branding your business a fraud.Shares in Nasdaq-listed Luckin Coffee plummeted 11% Friday after Carson Block’s Muddy Waters Capital tweeted that it has a short on the stock, citing an unattributed 89-page report it had received that alleged the chain has accounting issues and a broken business model. It could …read more […]
Huawei Technologies Co Ltd and ZTE Corp on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security.
A fragile calm gripped Asian shares on Tuesday as investors waited anxiously to see if Beijing could stem the rout in Chinese assets, while oil hit 13-month lows as the coronavirus throttled demand in the world’s biggest importer of fuel.
Tesla Inc’s stock surged 20% on Monday in its largest one-day gain since 2013, fueled by a quarterly profit at Panasonic’s battery business with the U.S. car maker and an investor report predicting its shares would rise more than ten-fold by 2024.
Shares of Panasonic Corp jumped more than 8% in early Tuesday trade after the Japanese electronics conglomerate the previous day reported its first quarterly profit at its U.S. battery venture with Tesla Inc.
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.The U.S. said it’s preparing for a possible pandemic and Hong Kong closed more checkpoints with mainland China, as the number of cases passed 20,000.As Beijing tries to contain the damage from the worsening crisis, officials are evaluating whether the target for economic growth this year should be softened. China is hoping the U.S. will agree to some flexibility on pledges in their phase-one trade deal, people familiar with the situation said.In the U.S., the Centers for Disease Control and …read more […]
As the United States shale boom slows down, oil companies are scrambling to find the next big unconventional play, and there’s a lot at stake …read more […]
Huawei Technologies Co Ltd on Monday asked the Federal Communications Commission (FCC) not to finalize its designation of the China tech giant as a risk to U.S. national security, calling the effort “unlawful and misguided.”
United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday.
United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday. The airline, which is the last U.S. airline still conducting China flights, said on Friday it planned to fly its last flight from China on Wednesday because of the coronavirus outbreak. American Airlines ended its flights from mainland China on Friday. …read more […]
Google-parent Alphabet Inc’s worst fourth-quarter revenue growth since 2015 sent shares down nearly 5% on Monday, overshadowing the disclosure for the first time of YouTube advertising revenue.
Enbridge Inc’s Line 3 pipeline replacement cleared key hurdles on Monday, after a Minnesota regulator endorsed a revised environmental impact statement for the project.
The Minnesota Public Utilities Commission on Monday approved a certificate of need for Enbridge Inc’s Line 3 oil replacement project, moving the long-delayed replacement closer to reality.
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