1. Articles from ethel_jiang

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    1. PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'

      PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'
      • PG&E said Monday it intends to file bankruptcy petitions under Chapter 11, in order to protect the best interests of all stakeholders.
      • Hedge fund BlueMountain Capital Management, one of its biggest shareholders, challenged its plan to seek bankruptcy protection, saying it's "damaging, avoidable, and unnecessary."
      • PG&E has seen its value plunge by 85% after last November's deadly California wildfire...
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    2. PG&E is Tanking After S&P Downgrades it to Junk

      PG&E is Tanking After S&P Downgrades it to Junk
      • 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...
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    3. Tesla Surges After Judge Approves Elon Musk's Settlement with SEC

      Tesla Surges After Judge Approves Elon Musk's Settlement with SEC
      • Tesla rallied Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge.
      • The Securities and Exchange Commission sued Musk last month over allegations that he committed fraud when he said he had "funding secured" to take Tesla private.
      • All eyes are on now on the company's third-quarter earnings report later this month...
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      Mentions: Tesla Fraud Bloomberg
    4. Tyson Foods CEO Tom Hayes is Stepping Down for Personal Reasons

      Tyson Foods CEO Tom Hayes is Stepping Down for Personal Reasons
      • Tyson Foods CEO Tom Hayes is stepping down, with veteran leader Noel White succeeding his role, the company announced Monday.
      • The company reiterated his adjusted earnings-per-share guidance for fiscal year 2018.
      • The sudden CEO transition is a "surprise", but should not cause any short-term volatility, said Jefferies analyst Akshay Jagdale...
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      Mentions: Tyson Foods
    1-5 of 5
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    Analyst Begs Gap's Board to 'Change Name of Company to Old Navy' Tyson Foods CEO Tom Hayes is Stepping Down for Personal Reasons Tesla Surges After Judge Approves Elon Musk's Settlement with SEC PG&E is Tanking After S&P Downgrades it to Junk PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy' Luckin Coffee Announces Changes to Board of Directors and the Appointment of New Chairman Mitesco, Inc. Adds Dr. H. Faraz Naqvi to Board of Directors UPS Names Angela Hwang To Board Of Directors FMC Corporation Announces Election of John Davidson to Board of Directors Charlotte's Web Appoints Jean Birch to its Board of Directors Ava Appoints Former Cisco SVP, Rick Snyder, to Board of Directors A Textbook Wall Street Activism Play is Unfolding with Underperforming Software Company Virtusa