Wednesday 27 February 2019

PG&E delayed key power line safety overhaul, filings show; shares slip

PG&E delayed key power line safety overhaul, filings show; shares slip

Shares of PG&E Corp fell about 3 percent after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history.

U.S. trade chief sees long-term China challenges, continued tariff threat

The United States will need to maintain the threat of imposing tariffs on Chinese goods for years even if Washington and Beijing strike a deal to end a costly trade war, U.S. Trade Representative Robert Lighthizer told lawmakers on Wednesday.

U.S. wants regular meetings to ensure trade deal enforcement: Lighthizer

The United States wants meetings as regularly as once a month to ensure enforcement of any potential trade pact with China, U.S. Trade Representative Robert Lighthizer said on Wednesday.

Boeing seeks UK decision on Wedgetail jet buy this year: executive

Boeing hopes Britain will decide this year on plans to buy E-7 Wedgetail early warning jets, an executive said, after talks last year sparked a row over competition in arms procurement.

Wall Street steadies after Lighthizer, Powell, Cohen testimonies

The S&P 500 flitted between positive and negative territory on Wednesday afternoon but was well above its session low after testimonies to U.S. Congress from trade and central bank officials as well as President Donald Trump's former lawyer brought few surprises.

JPMorgan hires commercial bankers, leaders across Europe, Asia

JPMorgan Chase & Co on Wednesday named half a dozen people to a commercial banking team in Europe and new international and Asia-Pacific regional leaders, as the U.S. bank closes in on business clients it hopes to poach from rivals abroad.

Oil rises 2 percent as U.S. crude stocks plunge, OPEC brushes off Trump

Oil futures gained about 2 percent on Wednesday after U.S. crude inventories unexpectedly plummeted and as Saudi Arabia brushed aside comments from U.S. President Donald Trump seeking to keep oil prices from climbing.

Exclusive: KKR, China's Tencent eyeing bids for Universal Music - sources

U.S. buyout fund KKR and China's Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi's iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion), sources told Reuters.

FedEx partners with Walmart, Pizza Hut to test last-mile delivery robot

FedEx Corp this summer plans to begin testing a robot to handle home deliveries for partners ranging from Walmart Inc to Pizza Hut.

WeWork aims for the middle with expanded 'HQ' service

WeWork is expanding an effort to retain mid-sized businesses which had been leaving the shared office space manager after they grew past the small-company phase, and to catch up with rivals already catering to these clients.

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