Bloomberg PG&E Corp rose after a California lawmaker requested a bill to help the state’s largest utility absorb liabilities from this year’s fatal wildfires. Kellie Smith, an adviser to assemblyman Chris Holden, said she is drafting legislation that could be introduced as early as December 3. It may serve as a framework for lawmakers to consider relief for PG&E from ...

Bloomberg European Union negotiators approved the first bloc-wide rules to prevent foreign investments from threatening national security in a sign of growing political unease over Chinese acquisitions. Representatives of EU governments and the European Parliament agreed on draft legislation to screen foreign direct investments (FDI). The deal in Brussels ends 14 months of deliberations over an initiative that for years ...

Bloomberg Shares of Boston Scientific Corp fell the most in more than three years, after the medical device company said it would buy BTG Plc for 3.3 billion pounds ($4.2 billion). While the deal will give Boston Scientific new products for the treatment of cancer and other disorders, it will add to the US company’s debt. It also likely takes ...

Bloomberg After months of setbacks, Mexico is now on the cusp of rolling out an automatic tax payment system that forms a key part of its effort to crack down on evasion. And the government scored a marquee name — Uber Technologies Inc — to be its first participant, according to a person familiar with the negotiations. For Mexico, it’s ...

Bloomberg SpaceX slashed the size of the leveraged loan it sought by $500 million, according to people with knowledge of the matter, the latest twist in a saga that had already seen Elon Musk’s closest ally on Wall Street balk at the terms of the deal. Space Exploration Technologies Corp reduced the loan to $250 million despite having enough investors ...

In economic terms, Americans have a lot to be thankful for this year. Unemployment is at record lows, more people are actually working (as opposed to dropping out of the workforce), and wage growth is improving for workers on the low end of the scale. Other countries, when recovering after a big financial crisis, have suffered though a “lost decade” ...

A corporate battle at Telecom Italia SpA shows why it’s tough to be an investor in Italy these days. The government is interfering with a private company to get hold of its most prized asset: the country’s phone and broadband network. The opposition tacitly supports the plan. Italy is playing fast and loose with property rights and no one seems ...

How did Facebook Inc., mere distributor of clicks and likes, become the nexus of so many crises? And why does it always seem to make things worse? Facing global criticism over privacy breaches and the Russian disinformation campaign, according to the New York Times, Facebook dissembled publicly, stifled dissent internally, called in political favors, and hired a consulting firm to ...

The collapse of a summit of Asia-Pacific leaders last weekend in Papua New Guinea isn’t the end of the world. In fact economic relations between the 21 nations won’t change much. Most need both China and the US — and that’s what they will continue to get. For the first time since leaders of the Asia-Pacific Economic Cooperation (Apec) group ...

Many of us will have breathed a sigh of relief as, after a marathon eight-hour meeting on Monday, it looked like India’s government and its central bank had finally made peace with each other after weeks of very public sniping. Reports after the meeting stressed that the tone had been “conciliatory.” (The Reserve Bank of India’s own readout of the ...