SAN FRANCISCO – Pacific Gas & Electric grew out of a controversial bankruptcy saga that began after its long-neglected power grid ignited wildfires in California that killed more than 100 people. The nation’s largest utility company announced Wednesday that it emerged from Chapter 11 bankruptcy and paid $ 5.4 billion …
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Text size Elon Musk, CEO of Tesla and SpaceX, poses on the red carpet when he arrives at the 43rd “Goldenes Lenkrad” (golden flyer) on November 12, 2019 in Berlin. Photo by Tobias SCHWARZ / AFP AFP via Getty Images Tesla CEO Elon Musk is, frankly, a huge follower of …
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Text size Justin Sullivan / Getty Images Pacific Gas and Electric shares opened higher on the first day of trading for the California utility company after emerging from bankruptcy. PG&E (ticker: PCG) requested the Chapter 11 reorganization in January 2019 after it was discovered that their team caused some of …
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Text size Daniel Acker / Bloomberg Shares of the large pharmaceutical company Pfizer continue to rise one day after the company revealed promising and detailed data on a trial of its experimental vaccine Covid-19. Analysts said the highly aggressive timeline the company outlined on Wednesday was exciting, but far from …
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Tesla Inc.’s massive stock rally appears set to continue on Thursday after the company easily exceeded delivery expectations for the second quarter. The automaker said Thursday morning that it delivered approximately 90,650 vehicles in the second quarter, before the 72,000 deliveries analysts polled by FactSet had predicted. Tesla TSLA, + …
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