Bloomberg As prices of stocks and bonds issued by PG&E Corp touch record lows, investors probably won’t get any certainty soon from the incoming California governor on how he would deal with the utility’s liabilities from the fatal fires ravaging the state. In a brief news conference with Governor Jerry Brown, Lieutenant Governor Gavin Newsom, who will succeed him in ...

Bloomberg Johnson Controls International Plc’s $13.2 billion sale of its car-battery business completes the company’s dramatic makeover from an automotive supplier to a provider of systems for homes and buildings, setting the stage for growth through acquisitions. Chief Executive Officer George Oliver is betting on continued growth of “smart buildings” as companies seek to boost efficiency of working spaces with ...

Bloomberg An anticipated pickup in UK inflation failed to materialise last month as food, clothing and transport prices declined. Annual consumer-price growth stayed at 2.4 percent in October, the Office for National Statistics said on Wednesday. The figure is below the 2.5 percent predicted by both the Bank of England and economists in a Bloomberg survey. Food and non-alcoholic drink ...