Business & Finance News
Sears Holdings Corp won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.
PG&E Corp shares soared 40 percent in after-hours trade on Thursday after a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month’s deadly wildfire in northern California.
The Canadian province of Quebec’s securities watchdog said on Thursday it asked Bombardier Inc to halt stock trades under a plan set up to facilitate share sales by certain senior executives at the company.
PG&E Corp shares soared 37 percent in after-hours trade on Thursday after a report that a California regulatory official told investors that the agency does not want the utility to go into bankruptcy.
The British pound lay battered in Asia on Friday after a bout of political turmoil fanned fears the country could crash out of the European Union without a divorce deal.
PG&E Corp shares sank 31 percent during trading on Thursday, only to then rise 39 percent in after-hours trading, as investors speculated over the impact of this month’s deadly wildfire in northern California on the utility’s finances.
In 2015, when Antony Alex pitched his training products for tackling sexual harassment in the workplace, large and small businesses in India mostly turned him away saying it was not worth the investment.
A California judge on Thursday granted an expedited trial for March in the case of a California couple suffering from cancer who sued Bayer AG’s Monsanto unit, alleging the company’s glyphosate-containing weed killer Roundup caused their disease.
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $23.9 billion from $21.7 billion, prompting billionaire investor Carl Icahn to abandon his campaign to scupper the deal.
The U.S. Defense Department has delivered a report to Congress detailing implications of Turkey receiving 100 F-35 fighter jets, five people familiar with the report said, removing a key hurdle to concluding the deal.
Facebook Inc Chief Executive Mark Zuckerberg said on Thursday the world’s largest social media service would create an independent body to review user appeals of content takedowns, saying his company should not by itself be making “so many important decisions about free expression and safety.”
Apple Inc has inked a multi-year deal with A24, the studio behind Oscar-winning projects “Moonlight” and “Amy”, a source familiar with the plans told Reuters, as the iPhone maker pushes deeper into original content and movies.
Chipmaker Intel Corp said on Thursday its board has approved a $15 billion increase to its share repurchase program.
A Democratic U.S. senator said on Thursday she will ask Facebook Inc and the Justice Department about a media report that the company hired an outside firm to attack critics, warning that such action could raise campaign finance issues.
U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports.
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