Bloomberg The US economy was steadier than thought at the end of last year, but it’s probably too soon to give it a clean bill of health for 2019. That’s the main takeaway from the shutdown-delayed report on fourth-quarter gross domestic product, which cooled by less than expected to a 2.6 percent annualized gain thanks to surprisingly robust business investment ...

Bloomberg BlueMountain Capital Management LLC has found a potent ally in its fight to overhaul leadership of bankrupt utility giant PG&E Corp: activist investor ValueAct Capital Management. BlueMountain, a PG&E shareholder that pushed to keep PG&E out of bankruptcy, launched a proxy fight to replace its board in the days prior to the company’s Chapter 11 filing in January and ...

Bloomberg Daimler AG and BMW AG have agreed to cooperate on developing self-driving cars, the latest move by the luxury-car rivals to share cost as a technology shift shakes up the industry. The German manufacturers have signed a memorandum of understanding to jointly develop the next generation of autonomous-driving technology, which should be market-ready by the middle of the next ...