Shares of embattled California utility PG&E plunge after a judge rules that a jury should determine whether it should pay as much as $18 billion in damages to victims of the 2017 devastating 'Tubbs' California wildfire.
The $17 billion acquisition of Caesars by Eldorado is welcomed by activist investor Carl Icahn, who had been pushing Caesars board for a deal.
FIVE could be a key retailer poised to seize on toy sales alongside more traditional retailers.
The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.
Are Studio City shares worth the gamble as U.S. distressed-debt hedge fund Silver Point and Oaktree enter bankruptcy over their holding?
Shares of PG&E surge, then retreat on reports that Warren Buffett's Berkshire Hathaway was - and then wasn't - in talks to buy the bankrupt California utility.
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