Judge takes oversight of PG&E’s wildfire prevention plans

Business 04/02/19, 18:41

A federal judge said Tuesday he will closely monitor Pacific Gas & Electric's tree-trimming this year and barred the utility from paying out dividends to shareholders as part of a new, court-ordered wildfire prevention plan.U.S. District Judge William Alsup ordered the new plan during a hearing in San Francisco to ...

Rare glimpse into Saudi Aramco shows $111 billion net profit

Business 04/01/19, 07:21

Saudi Aramco's net profits reached $111 billion last year, according to an assessment published Monday by Moody's Investors Services that offered a rare glimpse into the state-owned oil firm's finances before it issues its first bonds in international markets.That places Aramco ahead of some of the world's most profitable firms. ...

US stocks rise again; tech and high-dividend companies climb

Business 12/13/18, 10:34

U.S. stocks are mixed in morning trading Thursday as technology and health care companies rise. Safer, high-dividend stocks in real estate and utilities are also climbing. Banks are falling, and smaller companies continue to lag their larger rivals.The European Central Bank said it will end its bond-buying economic stimulus program ...

Companies pay investors record amounts to own their stocks

Business 12/06/18, 14:40

It pays more than ever to be an investor. U.S. companies have sent a record amount of cash to their shareholders as dividends this year as their profits continue to pile higher.The increase is key for shareholders, offering a bit of stability in what's been a stomach-churning year for the ...

GE slashes dividend, takes $22 billion charge in 3Q

Business 10/30/18, 07:16

General Electric Co. is slashing its dividend from 12 cents, to a penny, and taking a $22 billion impairment charge for its power division, which is a crucial segment of its operations going forward.The company swung to a third-quarter loss of $22.77 billion Tuesday, or $2.62 per share. Earnings, adjusted ...

US stocks shake off early losses; trading remains wobbly

New York 10/15/18, 06:26

Trading on Wall Street remains uneven Monday as U.S. stocks head slightly higher after some sharp early losses. Technology companies continue to slump, but high-dividend stocks like household goods makers and real estate companies are gaining ground. The S&P 500 and other major U.S. indexes are coming off their worst ...

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