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Governor Gavin Newsom, a Democrat, told reporters late on Monday his team was discussing the possibility of helping PG&E stay solvent, but no decisions had been made gents cufflinks. PG&E said on Tuesday that Rothschild Inc banker Roger Kimmel had resigned from the company’s board, adding only that the resignation did not involve any disagreement on any matter relating to its operations. Rothschild did not respond to a Reuters request for comment. PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities that could potentially exceed $30 billion due to the fires..
The company’s chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep it perpetually on the hook for liabilities from catastrophic wildfires gents cufflinks. The doctrine, known as “inverse condemnation”, exposes utilities in the state to liabilities from wildfires regardless of their negligence, as long as their equipment is involved. That legal rule could keep PG&E exposed to additional liabilities from future fires and leave the company stuck in bankruptcy limbo, according to restructuring experts and people familiar with the matter..
CHICAGO (Reuters) – United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. 3 U.S. carrier scheduled more flights out of its hubs and won back customers after a series of public relations disasters. Shares of United Continental Holdings Inc (UAL.O) jumped 6 percent to $86.11 in extended trading, lifting the airline sector and investor confidence after the carrier reported a 5 percent rise in revenue per mile flown, a closely watched industry measurement gents cufflinks.
That growth was at the top end of United’s forecast and outpaced growth reported by rival Delta Air Lines (DAL.N) earlier on Tuesday gents cufflinks. Airline shares had fallen this month after both Delta and American Airlines Group Inc (AAL.O) lowered estimates for fourth-quarter unit revenue, raising concerns about the industry’s ability to raise fares in an uncertain global economy. Chicago-based United attributed its revenue growth to a strategy launched last January to expand its domestic network by adding flights and more options for connections through its seven main hubs, with a particular focus on Chicago, Denver and Houston..
Adjusted earnings per share rose to $2.41 from $1.99 a year earlier, topping analysts’ average forecast by 37 cents, according to IBES data from Refinitiv gents cufflinks. For 2019, United said it expects adjusted earnings of $10.00 to $12.00 per share. United posted fourth-quarter net income of $462 million, or $1.70 per share, compared with a profit of $579 million, or $1.98 per share, a year ago. The airline said it planned to boost its flight network by another 4 percent to 6 percent next year, and said it had placed orders for four Boeing 777-300ER aircraft and 24 737 MAX planes..