California utility PG&E's stock tumbles as wildfire spreads
Shares of bankrupt California power utility PG&E Corp extended losses on Monday as investors worried that its equipment might be responsible for wildfires spreading in northern California.
Shares of bankrupt California power utility PG&E Corp extended losses on Monday as investors worried that its equipment might be responsible for wildfires spreading in northern California.
Australia's consumer regulator filed a lawsuit against Alphabet Inc's Google on Tuesday, alleging it misled consumers about how it was collecting, storing and using personal location data.
Oil prices slipped on Tuesday as investors awaited U.S. crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing.
California regulators said on Monday they will open a formal probe of whether utilities violated any rules by cutting power to millions of residents for days as a precaution during recent periods of high winds and heightened wildfire risks.
Asian shares rose to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve this week.
Japan's tax authorities have determined former Nissan Motor Co Ltd boss Carlos Ghosn used company money for private use, bolstering the automaker's case that he diverted corporate funds for personal gain, the Yomiuri reported on Tuesday.
China should ease regulations so that foreign financial institutions can obtain licenses and raise deposits more easily in the country, a senior executive from HSBC said on Sunday.
China is studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management, and will further liberalize its capital markets, a senior foreign exchange regulator said on Sunday.
Top representatives at IG Metall, Germany's biggest union, will not approve a sale of Thyssenkrupp's prized elevator division unless potential buyers give far-reaching concessions to employees, they said.
UBS wants Iqbal Khan, co-head of its wealth management business, to drop his criminal complaint over a spying scandal that emerged after he left cross-town rival Credit Suisse , the SonntagsZeitung newspaper reported on Sunday.
Here's a birthday gift a centenarian might not see coming: a tax bill from the IRS. Certain life insurance policies give you access to "cash value" that grows tax-free. The catch: You might owe taxes when you hit 100.
American consumers are already heavily in debt, here are some steps you can take to ensure you don't end up even deeper in the red this holiday season.
Brazil is working to bring the Boeing 737 MAX airplane back to service "by the end of the year," Civil Aviation Secretary Ronei Glanzmann said on Sunday.
Microsoft Corp has won the U.S. Pentagon's $10 billion cloud-computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc .
Brazil is determined to lure airlines to operate domestic flights in Latin America's largest aviation market, and is taking meetings with at least three carriers, a senior government official told Reuters.