The California Department of Forest and Fire Protection clarified that Pacific Gas & Electric Corp’s (NYSE:PCG) power transmission lines were responsible for sparking a wildfire in Sonoma County wine country in 2019. The fire destroyed several homes and property, leading to over 100,000 people to flee.
PG&E lines caused Sanoma...
Energy Transfer (NYSE:ET) will continue scheduled shipments on the controversial Dakota Access pipeline even after a Judge ordered its closure by August.
The company has no plans to take the pipeline offline and has indicated that it will accept new shipment requests for next month. The District of Columbia's District...
Boeing Co (NYSE:BA) is about to receive approval to commence flying the 737 Max again after nearly 15 months since the plane was grounded. However, it will be until late this year before the Max 737 resumes flight following two crashes last year that claimed 346 lives.
Boeing Max 737...
Virgin Galactic Holdings Inc. (NYSE:SPCE) is close to its first space tourism flight as it expects to finalize the remaining Federal Aviation Administration (FAA) milestones necessary for approval of spaceflights after finalizing one or two test flights.
Virgin Galactic has met 24 out 29 FAA milestones
As of May 2020,...
United Airlines Holdings Inc. (NASDAQ:UAL) is considering furloughing 50% of its US workforce as the industry continues to feel the effects of the COVID-19 pandemic. The carrier has warned that travel demand will be curtailed by the resurgence of COVID-19 cases and the new restrictions that some states have...
Bed Bath & Beyond Inc. (NASDAQ:BBBY) will close permanently around 200 stores in the next two years as its quarterly sales declined by 50%. However, in April and May, the company indicated that online sales grew over 100% as customers stocked up home décor supplies.
Bed Bath to shut 200...
In the past two years, Citigroup Inc. (NYSE:C) added over 20 onshore capital markets bankers in Saudi Arabia, and expanding its direct custody segment in the country by hiring bankers.
Citi to hire more direct custody bankers in Saudi Arabia
Citigroup returned to the oil-rich nation in 2018 following a 13-year...
Tencent Music Entertainment Group (NYSE:TME) has moved into a strategic business collaboration with CoMix Wave Films. The new partnership will see Tencent grace its music platforms with some original soundtracks.
Plans to enhance the platforms
According to sources, these will be soundtracks from 17 of the most outstanding animated movies. Those...
The Bargaining Committee of the United Auto Workers union (the local chapter) calls upon General Motors (NYSE:GM) to undertake a temporary shutdown of its SUV plant in Arlington. They cite the resurgence of the rise in the number of persons suffering from deadly COVID-19.
The intriguing trend of infections
The unveiling...