PG&E Charges to Swell to $25 Billion After Wildfire Settlement

PG&E expects to take a fourth-quarter charge of $4.9 billion in connection with a new $13.5 billion deal to settle claims from wildfire victims, the company disclosed in a securities filing.

 
Amazon Claims 'Improper Pressure' From Trump on Pentagon Contract

Amazon.com said President Trump exerted "improper pressure" on the Pentagon to keep a lucrative cloud-computing deal from going to his perceived political enemy, company founder Jeffrey Bezos.

 
Merck to Buy ArQule for $2.7 Billion

Merck said it is buying ArQule for about $2.7 billion, adding to its portfolio of cancer treatments beyond the company's top-selling immunotherapy drug Keytruda.

 
Nuclear Power, a Low-Carbon Energy Source, Is Shunned by the West

As countries and companies push to counter climate change, nuclear-power firms are struggling to survive. Some experts say nuclear power should play a larger role in any move away from fossil fuels.

 
HSBC Cuts More Top Executives in Strategy Shift

HSBC pruned its top ranks and announced new hires as part of a strategic revamp, with three of its most senior executives set to retire or move into other roles.

 
Trucker Celadon Group Files for Bankruptcy

Celadon Group Inc. and its affiliate entities have filed for bankruptcy under Chapter 11 of the U.S. bankruptcy code, and will shut down its business operations effective Monday.

 
T-Mobile, Sprint Head to Court to Defend Merger

The unusual merger trial starting Monday could have long-lasting effects on the consumer wireless market and beyond.

 
Bill.com IPO Is Worth the Tab

Business software companies that also have payments tools have been a sweet spot for investors.

 
Big Banks Making Most Progress in Libor Transition, Study Finds

Global lenders are more prepared for the transition away from the troubled London interbank offered rate because of their larger resources, greater contact with regulators and experience in adjusting operations for other systemic changes.

 
Canopy Growth Names Constellation's David Klein as CEO

Canopy Growth said David Klein, who currently serves as chief financial officer of major shareholder Constellation Brands, will join the cannabis company as chief executive.

(END) Dow Jones Newswires

December 09, 2019 11:15 ET (16:15 GMT)

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