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Checks News:

PG&E shares surge as company secures $5.5 billion in bankruptcy financing

U.S. power producer PG&E Corps shares surged as much as 16 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter 11 bankruptcy protection. ...


GM, facing losses in Brazil, seeks tax breaks in Sao Paulo state

General Motors Cos Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after telling workers in a memo that it was losing money in the country. ...


Hedge funds push for overhaul at eBay

Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc and are pushing for changes including the sale of some of the e-commerce companys businesses. ...


Carrefour confident over overhaul despite fourth-quarter 'yellow vests' hit

Carrefour said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as 10 weeks of anti-government protests hit hypermarket sales in its core French market. ...


Wall Street ends four-day rally as economic outlook, corporate forecasts sour

Wall Street ended its four-day rally on Tuesday as a gloomy global economic growth outlook and disappointing company forecasts dampened investor spirits at the height of fourth-quarter reporting season. ...


Brexit backer Dyson moves vacuum giant's HQ to Singapore

James Dyson, the billionaire Brexit supporter who revolutionized vacuum cleaners with his bagless technology, is moving his head office to Singapore from Britain to be closer to his companys fastest-growing markets. ...


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