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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 -0.2  -0.8%

Sector
Utilities
Size
Large Cap
Market Cap £4.28bn
Enterprise Value £30.41bn
Revenue £13.60bn
Position in Universe th / 6854

PRESS DIGEST- New York Times business news - April 10

Fri 10th April, 2015 5:47am
April 10 (Reuters) - The following are the top stories on 
the New York Times business pages. Reuters has not verified 
these stories and does not vouch for their accuracy. 
     
    * After years of insatiability, consumers in Russia are 
curbing their spending, leaving shopping centers and other 
retail space with high vacancies. (http://nyti.ms/1DObNbm) 
     
    * Deutsche Bank  DBKGn.DE , Germany's largest financial 
institution and one of several banks linked to the gaming of 
interest rates, is in talks to resolve the case as soon as this 
month, according to people briefed on the matter. A deal - which 
involves federal prosecutors as well as New York State's 
financial regulator and regulators in London and Washington - 
would be one of the last cases to arise from the sweeping 
investigation into the London interbank offered rate, or Libor. 
(http://nyti.ms/1yaFlxt) 
     
    * A virulent, deadly flu virus has hit the nation's turkey 
flock, forcing culling and quarantines that are disrupting trade 
with various countries. In the last several weeks, turkey 
producers in Minnesota, the largest turkey-producing state, have 
had to euthanize some 525,000 birds, and farms there and in 
other states affected by the virus are under quarantine in an 
effort to prevent it from spreading. (http://nyti.ms/1aPG2lx) 
     
    * Two food manufacturers have issued nationwide recalls of 
products because of the discovery of the potentially lethal 
bacterium listeria, which federal authorities have now linked to 
three deaths and five illnesses in Texas and Kansas. (http://nyti.ms/1Ft3sVq) 
     
    * California's chief utility regulator on Thursday ordered 
Pacific Gas and Electric, the state's largest power utility, to 
pay $1.6 billion in fines and other penalties stemming from a 
deadly natural gas pipeline rupture and fire near San Francisco 
in 2010. (http://nyti.ms/1Cotet4) 
     
    * LinkedIn Corp  LNKD.N , the professional networking site, 
is branching out yet again. It is the biggest acquisition by 
LinkedIn in its 12-year history as it continues to expand beyond 
its core social network. (http://nyti.ms/1aPISqQ) 
     
    * Warner Bros and Lego are deploying Batman, Marty McFly, 
the Wicked Witch of the West and other movie characters in 
search of profits in the booming area of entertainment known as 
"toys to life." (http://nyti.ms/1EeIxcs) 
     
    * General Electric  GE.N  is poised to sell its enormous 
real estate portfolio in a sale that could fetch about $30 
billion, according to people with knowledge of the matter who 
spoke on the condition of anonymity. The move would be the 
biggest move yet for GE's chief executive, Jeffrey Immelt, as he 
tries to refocus the company on its core industrial businesses 
and reduce its exposure to financial services. (http://nyti.ms/1PquULx) 
 
 (Compiled by Supriya Kurane in Bengaluru) 
 ((supriya.kurane@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 6121; Reuters Messaging: 
supriya.kurane.thomsonreuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST NYT/
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