Bloomberg The power generators that supply bankrupt utility giant PG&E Corp. were dealt a major blow as a judge ruled that federal regulators can’t keep their supply contracts from getting killed. Power giants including NextEra Energy Inc. and Exelon Corp. had enlisted the help of the Federal Energy Regulatory Commission in ensuring that their long-term contracts with PG&E survive the ...

Bloomberg US consumer debt increased by the most in five months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting borrowing and spending. Total credit expanded $17.5 billion from the prior month following an upwardly revised $11 billion gain in March, Federal Reserve figures showed. Revolving debt outstanding increased the most since November while non-revolving credit ...

Bloomberg Ford Motor Co. is planning to close a UK engine factory as the last major step in an overhaul of its unprofitable European operations. The Bridgend, South Wales plant, which employs about 1,700 workers, builds engines for several Ford models in Europe, including the Fiesta and B-Max. Its future became uncertain 18 months ago when Jaguar Land Rover said ...