Business

PG&E crews carry out repair work in Paradise, CA
Holly Quan/KCBS Radio
Holly Quan
July 11, 2019 - 10:02 am
A federal judge has ordered PG&E to respond to an investigative report by the Wall Street Journal that contended the utility knew its power lines and towers were deteriorating for years but failed to fix them.
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Getty Images
Carrie Hodousek
July 09, 2019 - 2:58 pm
More emojis are showing up in court cases as judges and juries struggle to interpret them.
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A section of North Santa Cruz Avenue in Los Gatos on July 8, 2019, which was turned into a one-way street to lure customers to downtown businesses.
Tim Ryan/KCBS Radio
Tim Ryan
July 08, 2019 - 3:40 pm
Downtown Los Gatos began welcoming less traffic on Monday in hopes, of attracting more customers to restaurants and shops.
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California Governor Gavin Newsom
Justin Sullivan/Getty Images
Holly Quan
July 08, 2019 - 10:59 am
The Legislature has until Friday to approve Governor Gavin Newsom's plan to build a wildfire recovery fund in part by imposing a surcharge on utility rate-payers.
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Facebook evacuated several of its Menlo Park offices after equipment detected a hazardous material in the mail room on July 1, 2019.
Jennifer Hodges/KCBS Radio
Tim Ryan
July 02, 2019 - 12:04 pm
The FBI says the suspicious package that triggered a major emergency response and evacuations at Facebook’s headquarters did not contain any dangerous substances.
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FILE - This Dec. 16, 2017 file photo provided by the Santa Barbara County Fire Department shows flames burning near power lines in Montecito, Calif. Pacific Gas & Electric's key lenders have offered a $30 billion plan to pull the utility out of bankruptcy, and give the tarnished company a new name. The Sacramento Bee reports the proposal filed Tuesday, June 25, 2019 in U.S. Bankruptcy Court would set aside up to $18 billion to pay claims on the 2017 and 2018 wildfires caused by PG&E equipment. The plan would rebrand PG&E as Golden State Power Light & Gas Company. (Mike Eliason/Santa Barbara County Fire Department via AP, File)
June 25, 2019 - 2:45 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric's key lenders on Tuesday offered a $30 billion plan to pull the utility out of bankruptcy and give the tarnished company a new name. The proposal filed in U.S. Bankruptcy Court would set aside up to $18 billion of that $30 billion to pay claims...
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Trader Joseph Lawler works on the floor of the New York Stock Exchange, Thursday, June 20, 2019. (AP Photo/Richard Drew)
June 20, 2019 - 12:54 pm
Stocks marched broadly higher on Wall Street Thursday afternoon, placing the S&P 500 on track to close at an all-time high. The benchmark index was slightly above the record close it reached April 30. The rally came as investors balanced optimism over the possibility that the Federal Reserve...
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Slack CEO Stewart Butterfield poses for photos outside the New York Stock Exchange before his company's IPO, Thursday, June 20, 2019. (AP Photo/Richard Drew)
June 20, 2019 - 6:42 am
NEW YORK (AP) — Shares of work messaging platform Slack are expected to start trading on the New York Stock Exchange under the ticker "WORK." The San Francisco company is set to start trading Thursday in what's known as a direct listing. Unlike a traditional initial public listing, under a direct...
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Thomas Hawthorne, The Arizona Republic-USA TODAY N
June 19, 2019 - 10:19 am
Pacific Gas & Electric has agreed to pay $1 billion for damage caused by wildfires in the Bay Area and Northern California going back to 2015. The settlement, announced Tuesday, would pay local governments for losses in the 2015 Calaveras County fire, known as the Butte Fire, the 2017 Wine...
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