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Bloomberg PG&E Corp., the bankrupt utility giant being pressed by two activist investors to remake its board, may be receiving yet another set of director nominations. An ad hoc committee of shareholders being represented by the law firm Jones Day has discussed nominating at least nine board members, people familiar with the situation said. The committee is made up of ...

Bloomberg Vodafone Group Plc plans to raise about 4 billion euros ($4.5 billion) selling bonds convertible into shares to fund the acquisition of some of Liberty Global Plc’s European businesses without weighing down the phone giant’s balance sheet. The two sets of sterling-denominated securities, announced on Tuesday, will help pay for the $22 billion purchase of Liberty Global’s German and ...

Bloomberg Qualcomm is putting the value of its patent portfolio on the line in a California courtroom in its hometown to try to make Apple Inc. pay for using technology the chipmaker credits for the iPhone’s commercial success. It’s the first time a US jury will have a say in the two-year, sprawling global battle between the tech giants. Qualcomm ...

Bloomberg Economic activity in the euro area was stronger than expected in February as an improving services sector managed to offset a slump in industry. Services expanded across the 19-nation euro area, bolstered by gains in Germany, Ireland and Spain, according to IHS Markit. That pushed a composite Purchasing Managers’ Index to 51.9, the highest in three months. An initial ...

Writing in The Wall Street Journal, Princeton economist Alan Blinder calls it “The Obama-Trump Economic Boom.” This may be the best bad label for what may soon become the longest economic expansion in American history. Anyone who regularly reads this column knows that I am a great skeptic in assigning credit for good economic times to particular presidents. But Blinder’s ...

Prime Minister Theresa May’s control over Brexit is slipping away. Labour leader Jeremy Corbyn, no doubt hoping to prevent further defections from his party, said he would support a “public vote” on Brexit. He gave no details, but it’s a significant shift in a politician who has never hidden his euroskepticism or opposition to a second referendum. Whether another vote ...

Well, it’s here. Tesla Inc.’s $35,000 Model 3 went on sale in typical fashion: teased on Twitter, announced by CEO Elon Musk and a bit late. The car has a totemic significance for the company, representing the break-out moment from luxury Silicon Valley toy to electrified wheels for the masses. I went on the website and was told the base ...

Mario Draghi has a problem if he wants to respond proactively to Europe’s economic slowdown: There’s push-back from the most important hawks on the European Central Bank’s (ECB) governing council. The ECB president has never had it easy trying to balance the differing demands of the 19 euro zone countries (represented on the council by their central bank governors), and ...

A year ago, Didi Chuxing Inc., China’s largest ride-sharing company, looked like a quintessential “national champion.” It had driven Uber Technologies Inc. from the local market, attracted investment from Apple Inc. and was contemplating a Hong Kong IPO worth as much as $80 billion. State media coverage was fawning, government support was all but assured and the company’s near-monopoly looked ...

India’s economy is slowing, inflation is sputtering and the central bank is cutting interest rates. But the cost of long-term money is refusing to budge. The reason, in a single word: elections. Polls will be called any day now. Prime Minister Narendra Modi probably would have liked to make his reelection bid with less distress in the farm economy and ...