PG&E Strikes Deal With Bondholders as Governor Blasts Bankruptcy Strategy 
 

PG&E said it has reached a new deal with bondholders that threatened opposition to its strategy for getting out of bankruptcy, but friction continues with California Gov. Gavin Newsom, who has threatened a state takeover of the troubled utility.

 
Duff & Phelps Reunites With Former Owners Through $4.2 Billion Deal 
 

Stone Point Capital and Further Global Capital Management's agreement to acquire Duff & Phelps for $4.2 billion promises to reconnect the valuation and advisory firm with two former backers.

 
Virus Outbreak Fuels Volatility in Some Biotech Stocks 
 

The deadly coronavirus outbreak is sparking big moves among biotechnology stocks, a volatile sector where companies can flourish or struggle depending on their progress in developing new medical treatments.

 
McDermott Unveils Bankruptcy Plan That Hands Control to Lenders 
 

McDermott International outlined its intention to emerge from bankruptcy in the coming months under new ownership with a plan that pays bondholders a minimal recovery and wipes out existing shareholders.

 
Boeing CEO Aims to Restore MAX Trust 
 

David Calhoun expressed confidence the 737 MAX would eventually fly passengers again despite repeated delays in winning regulatory approval for the troubled jet.

 
FAA Lowered Bar for Southwest Approvals, Whistleblower Alleges 
 

U.S. air-safety regulators likely acted improperly in the way they authorized Southwest Airlines to begin flights between California and Hawaii, according to the government agency that handles federal whistleblower complaints.

 
CEO of Hallmark Channel Parent Quits After Ad Furor 
 

Bill Abbott's exit comes weeks after the channel found itself in a firestorm of controversy when it pulled commercials featuring a same-sex marriage, only to reverse its decision days later.

 
Blackstone CEO Says Businesses Must Address Climate Change 
 

Blackstone Group Chief Executive Stephen Schwarzman said it is clear that the climate is changing, and businesses need to take action.

 
Tesla Tops Volkswagen to Become Second-Most-Valuable Auto Maker 
 

Elon Musk has navigated Tesla into new and potentially lucrative territory, taking the electric-car maker's market value above $100 billion and, in the process, overtaking Volkswagen as the world's No. 2 most valuable auto maker.

 
Express to Close 100 Stores by 2022 
 

The fashion retailer's announcement sent its shares up more than 20% on Wednesday.

(END) Dow Jones Newswires

January 22, 2020 23:00 ET (04:00 GMT)

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