California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp , the state's largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law.
The United States and China have agreed on the terms of a "phase one" trade deal that reduces some U.S. tariffs on Chinese goods while boosting Chinese purchases of American farm, energy and manufactured goods and addressing some U.S. complaints about intellectual property practices.
The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods.
The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.
The U.S. Trade Representative's office on Friday filed a Federal Register notice suspending the 15% U.S. tariffs slated to go into effect on Sunday on Chinese goods worth about $160 billion after reaching a "phase one" trade deal with Beijing.
Chinese fintech company Ant Financial Services [ANTFIN.UL] and U.S. asset management firm The Vanguard Group have established a joint venture to provide retail investment advisory services in China, the companies said in a statement on Saturday.
Saks Fifth Avenue owner Hudson's Bay Co has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday.
The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday.
T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network's history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp.
Uber submitted an appeal on Friday against a decision by London's transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process during which it can continue to take rides.
Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed.
The U.S. Attorney leading the investigation of corruption within the United Auto Workers (UAW) told Reuters on Friday the union's leadership still is not fully cooperating with the government, but that individuals are giving federal investigators tips that could expand the probe.
Austrian privacy activist Max Schrems' seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe's top court will issue his view on whether tools used by companies to transfer data abroad are legal or not.
The chair of a U.S. congressional panel wrote to Alphabet's Google and to Apple on Friday to ask what if any disclosures mobile apps are required to make regarding overseas ties, a concern that follows reports of Chinese investment in popular apps such as TikTok and Grindr.