Nov 16- The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes. PG&E's stock had slumped over 60 percent since the state's deadliest-ever wildfire broke out last week on fears that...
SAN FRANCISCO, Nov 16- Home-renting company Airbnb Inc said on Friday it had "substantially more" than $1 billion in revenue for the third quarter, marking its strongest quarter yet ahead of a widely anticipated initial public offering next year. The number of people booking homes on Airbnb in the third quarter was up 91 percent in Beijing, 79 percent in Mexico City...
These cities "offer long-term financial stability" to the average American family.
NEW YORK, Nov 16- A decade ago, Alli Webb was a hair stylist who made house calls, driving all over Los Angeles to shampoo, style, and blow-dry clients hair before big nights out. Huge demand for her services led her to open Drybar, a Brentwood hair salon that exclusively offers blowouts. Today, the business she built operates over 95 salons across the United States, with...
Nov 15- The U.S. Food and Drug Administration on Thursday announced sweeping new restrictions on flavored tobacco products, including electronic cigarettes popular among teenagers in an effort to prevent a new generation of nicotine addicts. The FDA also plans to seek a ban on menthol cigarettes, a longtime goal of public health advocates, as well as flavored...
Nov 14- Grocery delivery startup Instacart raised an extra $271 million in November from investors including U.S. hedge fund Tiger Global Management, bringing its latest round of fund raising to $871 million, a source familiar with the matter told Reuters. The San-Francisco- based startup announced last month it had raised $600 million in a new round led by D1...
Nov 14- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face "significant liability" in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. The developments triggered fresh pressure on PG&E's shares, and, for the first time since the...
Nov 14- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face "significant liability" in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. The developments triggered fresh pressure on PG&E's shares, and, for the first time since the...
The San Francisco- based firm lost $1.07 billion for the three months ending Sept. 30, a 20 percent increase from the previous quarter but down 27 percent from a year ago, when the company posted its biggest publicly reported quarterly loss on the heels of the departure of Uber co-founder and former Chief Executive Travis Kalanick. He emphasized the "...
Nov 14- Grocery delivery startup Instacart raised an extra $271 million in November from investors including U.S. hedge fund Tiger Global Management, bringing its latest round of fund raising to $871 million, a source familiar with the matter told Reuters. The San-Francisco- based startup announced last month it had raised $600 million in a new round led by D1...
The companies can thank the end of a Department of Labor regulation known as the fiduciary rule. "While the clarity that occurred because the DOL fiduciary rule was vacated did help, we believe the most influential were the economic factors, particularly interest rates," said Catherine Theroux, a spokeswoman for LIMRA, an industry group. Total annuity sales were...
The companies can thank the end of a Department of Labor regulation known as the fiduciary rule. Total annuity sales were $59.5 billion during the quarter ending April 30, according to Limra Secure Retirement Institute. But the rule effectively died in June, when the Trump administration declined to pursue a U.S. Supreme Court appeal that might have kept it...
MIAMI, Nov 14- Ford Motor Co, Walmart Inc and delivery service Postmates Inc will collaborate to design a service for delivering groceries and other goods to Walmart customers that could someday use autonomous vehicles, the companies said on Wednesday. Ford was working with San Francisco- based Postmates already to develop delivery services that could employ...
*Premium economy fares to New York as low as S $1,698 return. The carrier last month resumed after five years the world's longest commercial flight, a near-19 hour non-stop journey from Singapore to New York. The airline ordered seven new ultra-long range twin-engine Airbus SE A350-900ULRs fitted with just 67 business class and 94 premium economy seats for...
The report from the U.S. China Economic and Security Review Commission has been complied almost every year since 2002 by a group tasked with monitoring the national security implications of U.S.- China trade relations. This year's edition said that China's efforts to finance bridges and even digital networks in Asia, Africa, the Middle East and Europe have...
*'HQ2' split between Long Island City and Northern Virginia. SAN FRANCISCO/ WASHINGTON, Nov 13- Amazon.com Inc picked America's financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C..
SAN FRANCISCO/ WASHINGTON, Nov 13- Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.. In addition, Nashville, Tennessee, will become Amazon's fourth-biggest U.S. office outside Seattle with more...
Pelosi, who expects to be the speaker of the House when Democrats take power in January, discussed strategy and thanked donors for helping the party triumph last week.
SAN FRANCISCO, Nov 13- Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.. In addition, Nashville, Tennessee, will become Amazon's fourth-biggest office outside Seattle with more than 5,000...
*'HQ2' split between Long Island City and Northern Virginia. SAN FRANCISCO, Nov 13- Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for up to 25,000 people in New York City and close by Washington, D.C.. The world's third-most valuable company behind Apple Inc and Microsoft...
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