Bloomberg Chevron Corp. is already working on integrating Anadarko Petroleum Corp., even as it faces a higher rival takeover bid for the oil explorer from Occidental Petroleum Corp. Just two weeks after Chevron agreed to buy Anadarko for $31 billion, executives from both companies have begun planning the combination of their sprawling international operations, Chevron Chief Executive Officer Mike Wirth ...
Read More »Trump gets GDP boost he needs for 2020
Bloomberg President Donald Trump’s re-election hopes have always hinged on supercharging the US economy, and data showing faster than expected growth provided him a boost just as he prepares to ramp up his campaign. Trump heralded the Commerce Department report that gross domestic product rose at a 3.2 percent annual rate in the first quarter of 2019 — describing it ...
Read More »PG&E falling behind on wildfire safety work
Bloomberg PG&E Corp., the California utility giant that filed for bankruptcy in January, is falling behind on some deadlines for inspections, repairs and tree-clearing work designed to reduce wildfire risks in Northern California this year. The state’s largest utility said circumstances beyond its control, such as a rainy winter and permitting requirements, were making it difficult to inspect some of ...
Read More »Uber set to hit the road for year’s biggest IPO
Bloomberg Over the past decade, Uber Technologies Inc. proved itself to be one of the most prolific young fundraisers ever. It pulled together more than $20 billion from private investors. After burning through more than half that amount in just the last three years, Uber will soon see whether it can recreate that magic on the stock market. The ride-hailing ...
Read More »Musk, SEC settle legal fight over tweets about Tesla
Bloomberg A regulatory fight over Elon Musk’s tweeting habit may be over — at least for now. Tesla Inc.’s chief executive officer and the US Securities and Exchange Commission said in a court filing that they are settling a legal dispute over how Musk posts news about his electric-car company, avoiding a decision by a federal judge in New York ...
Read More »German factories hold back euro-area economy
Bloomberg German manufacturing remained in a slump at the start of the second quarter, casting a cloud over the euro-area economy as well as the European Central Bank’s hopes for a quick recovery. Factory output in Europe’s largest economy contracted for a fourth month running in April, according to a survey. Manufacturing in the euro area also shrank, while a ...
Read More »Sanchez front-runner as ‘Spain’ charts political path
Bloomberg For many Spanish voters now mulling their choice for prime minister, Pedro Sanchez, the incumbent, has made the most convincing case. Since calling a snap vote almost two months ago, the Socialist leader has watched opinion polls move in his favour. As voters contemplate their options on what is officially a “day of reflection†after the formal election campaign ...
Read More »Kremlin wants to know details of US president’s arms-control initiative
Bloomberg Russia is interested in the details of a potential US plan to push for new arms-control agreements, Dmitry Peskov, spokesman for Russian President Vladimir Putin, told reporters in Beijing. US President Donald Trump has questioned the cost of maintaining a nuclear arsenal and has asked administration officials to prepare options for potential new arms-control agreements with Russia and China, ...
Read More »US: Suspected terrorists killed in Somalia air strike
Bloomberg The US killed three suspected IS extremists in an airstrike in Somalia as part of a long-running campaign to curb the activities of extremist groups in the country. The raid took place in the semi-autonomous region of Puntland, the US military said in a statement on Saturday. The area is on the Gulf of Aden, near the key shipping ...
Read More »Macron’s policies faces Yellow Vest test
Bloomberg Towns around France braced for the 24th Saturday of Yellow Vest protests in the first test of whether President Emmanuel Macron’s latest policy announcements will succeed in stilling months of unrest. Police prepared for a large turnout in Strasbourg after Yellow Vest organisers urged people from other countries to join the protest in the city that’s home to the ...
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