Reuters Before the Bell: Top U.S. utility PG&E says it is preparing bankruptcy filing

Click to View in Browser Monday, January 14, 2019 Top U.S. utility PG&E says it is preparing bankruptcy filing PG&E Corp, the biggest U.S. power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018. Newmont to become largest gold producer with $10 billion Goldcorp buy Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc in a deal worth $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. Brazil government nominates three new Petrobras board members amid accusations of meddling Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members. Fintech firms want to shake up banking, and that worries the Fed The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. Former Nissan boss Ghosn suffers 'harsh' treatment in jail: wife The wife of ousted Nissan Motor Co Ltd chairman Carlos Ghosn has urged New York-based Human Rights Watch to draw attention to his "harsh treatment" during detention in a Japanese jail, a letter seen by Reuters showed on Sunday. Key dates in the investigation of Nissan ex-Chairman Ghosn Ousted Nissan Motor Co Ltd Chairman Carlos Ghosn was indicted on two additional charges of financial misconduct on Friday, bringing the number of charges against him to three. China's trade data drags stock futures ahead of Citi results U.S. stock futures dropped on Monday, after data showed China's exports unexpectedly shrank the most in two years, raising fears of a sharper slowdown in global economic growth and its impact on corporate profits. Sears bankruptcy raises old questions about cost of going broke Sears has survived the Great Depression and world wars. Whether the 126-year-old retailer stays afloat or goes out of business now hinges in part on paying for the enormous bill piled up by going broke. Exclusive: PG&E talking to banks on multibillion dollar bankruptcy financing - sources PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday. China trade shock hits global stocks, commodities Global stock markets and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world's second-largest economy and sparked fears of a sharper slowdown in global growth. Related Video PG&E discussing bankruptcy financing: sources SpaceX to lay off 10 percent of workforce Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook