Financial performance

Assemblyman Chris Holden, D-Pasadena, center, shakes hands with Assemblyman Chad Mayes, R-Yucca Valley, after their wildfire measure they co-authored, along with Assemblywoman Autumn Burke, D-Inglewood was approved by the Assembly in Sacramento, Calif., Thursday, July 11, 2019. The bill, AB1054, aimed at stabilizing the state's electric utilities in the face of devastating wildfires caused by their equipment, was approved overwhelmingly and now goes to the governor. At left is state Sen. Bill Dodd, D-Napa, who carried the measure in the Senate. (AP Photo/Rich Pedroncelli)
July 11, 2019 - 5:50 pm
SACRAMENTO, Calif. (AP) — California lawmakers approved a multibillion-dollar plan Thursday to shore up the state's biggest electric utilities in the face of catastrophic wildfires and claims for damage from past blazes caused by their equipment. It requires major utilities to spend at least $5...
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FILE - In this July 5, 2019, file photo trader Benjamin Tuchman works at the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 11. (AP Photo/Mark Lennihan, File)
July 11, 2019 - 1:35 pm
An early rally on Wall Street that sent the Dow Jones Industrial Average above 27,000 for the first time lost much of its momentum Thursday afternoon. The S&P 500 edged lower, erasing the gains that had briefly propelled the benchmark index above 3,000 for the second day in a row. The Nasdaq...
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FILE - In this June 18, 2019, file photo specialist Dilip Patel works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 10. (AP Photo/Richard Drew, File)
July 10, 2019 - 3:49 pm
Stocks finished higher Wednesday as Wall Street welcomed new signals suggesting the Federal Reserve is ready to cut interest rates for the first time in a decade. Technology stocks drove much of the gains, nudging the Nasdaq composite to an all-time high. The benchmark S&P 500 index briefly...
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July 10, 2019 - 5:49 am
BEIJING (AP) — China says auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending a year-old contraction that is squeezing automakers as they spend on developing electric cars. An industry group said Wednesday drivers in the global industry's biggest...
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FILE - In this April 23, 2018, photo, Pepsi soft drink bottles are displayed at a store in Windham, N.H. PepsiCo Inc. reports earns on Tuesday, July 9, 2019. AP Photo/Charles Krupa, File)
July 09, 2019 - 9:39 am
PURCHASE, N.Y. (AP) — PepsiCo reported better-than-expected profit and revenue in its most recent quarter thanks in part to U.S. price hikes. Pepsi raised prices last fall to cover higher transportation and aluminum costs. In a company conference call, some analysts expressed concern about the...
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July 07, 2019 - 10:58 pm
GILLETTE, Wyo. (AP) — Wyoming coal workers who were locked out of their jobs after a company filed for bankruptcy protection are wondering whether they'll ever be called back to work. The West Virginia-based Blackjewel LLC has 580 employees at two open-pit mines in northeastern Wyoming, Eagle Butte...
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Visitors are silhouetted at Samsung Electronics shop in Seoul, South Korea, Friday, July 5, 2019. Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 56% from a year earlier amid a weak market for memory chips. (AP Photo/Ahn Young-joon)
July 05, 2019 - 2:10 am
SEOUL, South Korea (AP) — Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 56% from a year earlier amid a weak market for memory chips. The South Korean tech giant estimated an operating profit of 6.5 trillion won ($5.5 billion) for the April-June...
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July 02, 2019 - 2:55 pm
CHARLESTON, W.Va. (AP) — The CEO of one of the nation's largest coal producers says he's confident the company will bounce back despite the shutdown of several mines after it filed for federal bankruptcy protection. Milton-based Blackjewel LLC filed for Chapter 11 bankruptcy protection Monday in U...
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FILE - In this July 27, 2017, shows a Federal Express employee makes a delivery at an AT&T store in Hialeah, Fla. FedEx Corp. reports financial earnings on Tuesday, June 25, 2019. (AP Photo/Alan Diaz, File)
June 25, 2019 - 7:10 pm
DALLAS (AP) — FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead will be hurt by slowing growth in the world economy and the decision to drop a contract with retail giant Amazon. The delivery company reported a quarterly loss...
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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 - 4:45 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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