Pacific Gas & Electric, the California utility that faces billions of dollars in wildfire damages, hopes to use its bankruptcy to reduce its liabilities and emerge a more stable company. But the company’s management and board of directors might not have all that much control over the outcome. Before a bankruptcy judge has even had […]
Sats saw third-quarter net profit rise 3.5 per cent to $68.9 million, following growth in food solutions and gateway services, and higher contributions from its associates and joint ventures. The ground handler and in-flight catering services provider said yesterday that revenue for the third quarter grew 5.5 per cent to $464 million, compared with a […]
NEW YORK (Reuters) – Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term. All three major U.S. stock indexes gained ground, with the […]
SAN FRANCISCO (Reuters) – Apple Inc has sharply increased its efforts to test self-driving cars on public roads but lags far behind market leader Waymo on a key safety metric, according to data released on Wednesday by the California Department of Motor Vehicles. Apple, which has kept details of its self-driving program under wraps, put […]
(Reuters) – Alphabet Inc’s Google said on Wednesday it would spend more than $13 billion on data centers and offices in the United States this year. “These new investments will give us the capacity to hire tens of thousands of employees, and enable the creation of more than 10,000 new construction jobs in Nebraska, Nevada, […]
Some level of bafflement attends tax-filing season every year. But in 2019, as Americans examine their returns for the first time under the full effect of the sweeping new Republican tax law, the situation is the most cryptic in memory. Some tax breaks have been erased or capped, while others have been expanded or introduced. […]
MILAN (Reuters) – A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according to a document prepared by Italian prosecutors. The document, which wraps up the preliminary investigation, alleges that […]
PARIS (Reuters) – Renault on Wednesday said it had decided to scrap certain lucrative pay arrangements for former chairman and chief executive Carlos Ghosn. “The board unanimously decided, at its meeting of 13th February 2019, to waive Mr. Ghosn’s non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and […]
While our student discount cards are very well aquainted with the likes of Topshop, Asos and McDonalds, they can now get us bonus bargains at yet another of our favourite stores: Boots. As the health and beauty retailer has just announced that its now offering all students a 10% discount. To get the discount, all […]
European fund manager Star Capital has agreed to buy Dublin-based ASL Aviation in a deal likely worth more than €100m. A global aviation services company, ASL operates a fleet of 130 aircraft and its operations include cargo and passenger activities. Its customers include Aer Lingus. The firm is 51pc-owned by Compagnie Maritime Belge, a major […]