PG&E extends deadline for board nominations

FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – PG&E Corp, which filed for bankruptcy last month in the wake of potential liabilities from California’s catastrophic wildfires, on Thursday extended the deadline by which investors must […]

Continue Reading

Google’s new cloud boss has big task to catch rivals, Reuters data show

SAN FRANCISCO (Reuters) – Google has a new cloud computing boss and big ambitions to someday produce more revenue from that business than from advertising. A Google logo is seen at the company’s headquarters in Mountain View, California, U.S., November 1, 2018. REUTERS/ Stephen Lam Now comes the hard part: winning over big-spending customers. Alphabet […]

Continue Reading

Southwest shares drop as mechanics dispute escalates

(Reuters) – Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations. The escalating labor dispute, one of the biggest to hit a top-four U.S. airline in more than a […]

Continue Reading

Samsung’s new foldable Galaxy phone will have 5G and $2,000 price tag

SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd on Wednesday said it will release a pricey folding smart phone in April that works with the next-generation 5G networks and will cost almost $2,000. A Samsung employee arranges the new Samsung Galaxy S10e, S10, S10+ and the Samsung Galaxy S10 5G smartphones at a press event […]

Continue Reading

Volvo Cars raises $215 million in bond issue months after failed IPO

FILE PHOTO: A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill/File Photo STOCKHOLM (Reuters) – Sweden’s Volvo Cars has raised some 2 billion Swedish crowns ($215 million) in a bond issue just five months after the Chinese-owned carmaker terminated […]

Continue Reading

Wall St. opens flat as investors assess U.S.-China trade talks

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened little changed on Wednesday, after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China. The Dow Jones […]

Continue Reading

French court ruling due in UBS $6 billion tax case

PARIS (Reuters) – A French court will rule on Wednesday whether UBS, Switzerland’s largest bank, helped wealthy French clients evade taxes between 2004 and 2012 and launder the proceeds. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo French prosecutors are demanding a 3.7 billion […]

Continue Reading

Swedish TV says Swedbank linked to Baltic money laundering scandal

The Swedbank logo is pictured on its branch in Riga October 21, 2014. REUTERS/Ints Kalnins STOCKHOLM (Reuters) – Swedish television (SVT) said on Wednesday it had uncovered documents linking Swedbank to a money laundering scandal involving Denmark’s Danske Bank. At least 40 billion Swedish crowns ($4.30 billion) had been transferred between accounts at Swedbank and […]

Continue Reading

Lockheed unveils new F-21 fighter jet configured for India

FILE PHOTO – Trade visitors are seen walking over a road crossing covered with Lockheed Martin branding at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo NEW DELHI (Reuters) – Lockheed Martin offered India a new combat jet, F-21, on Wednesday to be made locally, in a bid to win a […]

Continue Reading

Amid trade talks, China urges U.S. to respect its right to develop, prosper

BEIJING (Reuters) – The United States should respect China’s right to develop and become prosperous, the Chinese government’s top diplomat told a visiting U.S. delegation, reiterating that the country’s doors to the outside world would open wider. Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce (2-L) and […]

Continue Reading