Bloomberg California utilities are warning that they may need to cut power to almost 280,000 homes and businesses to prevent live wires from sparking wildfires as high winds are expected to sweep through the drought-weary state. Edison International’s Southern California Edison said 256,000 customers in six counties near Los Angeles face blackouts within 48 hours due to a forecast of …

Bloomberg They know about the stretched valuations and everything that must go right to keep stocks aloft. And yet rather than shy away from frothy markets, plenty of investors are only now jumping in. The reason, it appears, is how far out of the market they had been prior to the latest and greatest leg of the run-up, the one …

Bloomberg Private equity firms are refusing to be left out of the initial public offering boom. With technology IPOs sometimes doubling on day one, buyout shops are hoping to capture some of the buzz for their slower growth and higher leverage assets. Two private equity-backed companies went public on US exchanges this week, with two more filings on Friday for …