Also written by Ethel Jiang:
Tesla Surges After Judge Approves Elon Musk's Settlement with SEC
x hide permanently

PG&E is Tanking After S&P Downgrades it to Junk

Business Insider
  • PG&E's credit rating was cut to junk at S&P Global Ratings, sending shares down more than 10% early Tuesday.
  • The downgrade came as bad news has piled up for PG&E amid its potential liabilities from last year's California wildfires, the credit-rating agency said.
  • On Friday, the utility announced that its board of directors would review the company's management. Meanwhile, a report said PG&E was considering filing for bankruptcy protection...
Mentions: Management bankruptcy PG&E