Articles by admin

No Picture
Trading Ideas

UPDATE 1-California Governor to convene meet of PG&E shareholders, execs next week

November 2, 2019 admin Comments Off on UPDATE 1-California Governor to convene meet of PG&E shareholders, execs next week

California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity. The new company can only happen “if we first get out of bankruptcy court,” Newsom said in a statement https://medium.com/@CAgovernor/governor-gavin-newsom-outlines-roadmap-for-wildfires-communities-and-utility-c9d886dee571 on Friday, without elaborating on his plans. The San Francisco-based power producer in January filed for Chapter 11 bankruptcy protection anticipating its liabilities from massive wildfires in 2017 and 2018 blamed on its equipment could top …read more […]

No Picture
Trading Ideas

Some Employees Chafe as Google’s New Internal Rules Take Hold

November 1, 2019 admin Comments Off on Some Employees Chafe as Google’s New Internal Rules Take Hold

(Bloomberg) — A controversial new hire at Google has provided a test of the company’s new community guidelines, which it says are an effort to curb increased incivility at work. But some employees say the new rules smack of censorship.Tensions at the company have flared over the hiring of Miles Taylor, who previously served as chief of staff to former Homeland Security Secretary Kirstjen Nielsen, as a government affairs and public policy manager. Some employees have accused Taylor of helping to support the Trump administration’s hard-line immigration policies.Karan Bhatia, Google’s global policy chief, told employees in a staff meeting last …read more […]

No Picture
Business News

Wall Street Week Ahead: Travel, leisure company reports set to give view of economy, consumer

November 1, 2019 admin Comments Off on Wall Street Week Ahead: Travel, leisure company reports set to give view of economy, consumer

A wide swath of the U.S. travel and leisure industry is set to provide insight next week on the state of the economy, including trends in consumer spending, fallout from U.S.-China trade tensions and any damaging impact from the stronger U.S. dollar.

…read more […]

No Picture
Trading Ideas

Ford’s $6 Billion Deal With United Auto Workers Goes Up for Vote

November 1, 2019 admin Comments Off on Ford’s $6 Billion Deal With United Auto Workers Goes Up for Vote

(Bloomberg) — United Auto Workers leaders endorsed a tentative agreement with Ford Motor Co. and sent it to workers for a ratification vote after contract negotiations that lacked the drama surrounding the 40-day strike at General Motors Co.While the deal calls for the closing of an engine plant in Michigan, it also includes $6 billion of product investments in U.S. facilities and the creation or retention of more than 8,500 jobs. One of Ford’s factories in Ohio will be getting a $900 million infusion for a new product to build in 2023.The proposed pact now moves on to Ford’s 55,000 …read more […]