Bloomberg Just a few weeks into California’s dry summer season, fires linked to PG&E Corp. have already started to break out. More than 2,000 acres burned in Monterey County last week, with power lines blamed as the cause. Earlier this month, a transformer burst into flames in Marin County, north of San Francisco, and ignited a brush fire. In San ...

We are now passing a significant milestone. The current economic expansion has become the longest in US history. Previously, the record was the decade from March 1991 to March 2001 (120 months). When the present recovery enters July, it will mark the 121st month of expansion. Just how much longer it will last is anyone’s guess, but, politically, this is ...

Carrefour SA, Europe’s largest retailer, may be the latest Western company to pull back from China. It’s unlikely to be the last. The hypermarket operator said it would sell 80% of its China business for 4.8 billion yuan in cash to Suning.com, Chinese retailer backed by Alibaba Group Holding Ltd. Carrefour will retain a 20% stake. Over the past few ...