Category: Company News

UPDATE 2-California governor rejects PG&E bankruptcy reorganization plan

(Reuters) – California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the state’s largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law. The decision by Newsom, sent to PG&E in a letter, complicates the company’s push to exit bankruptcy and […]

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Canadian regulator dismisses Catalyst request for cease trade order on Hudson's take private deal

(Reuters) – Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of Hudson’s Bay (HBC.TO). The hearing comes after Hudson’s Bay fell short of securing enough shareholder support for a C$1.9 billion ($1.4 billion)proposed take-private deal for […]

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Canada Jetlines enters into LOI with GLOBALX

(Reuters) – Canada Jetlines Ltd (JET.V) said on Friday it has entered into a letter of intent (LOI) with U.S. based charter airline Global Crossing Airlines (GLOBALX) for a business combination. The combined entity will be named Global Crossing Airlines Group and will continue with an operating plan for Canada, which includes continuing to advance […]

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UPDATE 4-U.S. Supreme Court takes up Trump bid to shield financial records

WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to hear President Donald Trump’s appeals in three separate cases to prevent his financial records, including tax returns, being handed over to Democratic-led House of Representatives committees and a New York prosecutor. The Republican president is trying to block subpoenas for bank records, tax returns […]

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UPDATE 1-U.S. Justice Dept preparing legal action against Live Nation -source

(Reuters) – 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 department believes the concert promoter’s conduct has violated the merger […]

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