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PCG PR H - Pacific Gas And Electric Co News Story

$22.3 -0.0  -0.0%

Large Cap
Market Cap £4.20bn
Enterprise Value £30.02bn
Revenue £13.44bn
Position in Universe th / 6851

PRESS DIGEST- New York Times business news - Aug 10

Wed 10th August, 2016 5:43am
Aug 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. 
    - On Tuesday, Facebook Inc  FB.O  flipped a switch on its 
desktop website that essentially renders all ad blockers 
useless. The change allows the Silicon Valley company to serve 
ads on its desktop site even to people who have ad-blocking 
software installed and running.   
    - After months of speculation, Walt Disney Co  DIS.N  said 
on Tuesday that it had concluded a deal to spend $1 billion for 
a 33 percent stake in BamTech, Major League Baseball's 
fast-growing streaming division. As part of the agreement, 
Disney has the option to buy a controlling interest in BamTech 
in the coming years. 
    - A federal jury on Tuesday found California's major utility 
company, Pacific Gas and Electric  PCG_pa.A , guilty of safety 
violations at the time of a 2010 gas pipeline explosion that 
killed eight people and destroyed a neighborhood in a San 
Francisco suburb. 
    - Three prominent universities - the Massachusetts Institute 
of Technology, New York University and Yale - each have 
retirement plans holding more than $3 billion in assets and are 
being individually sued by a number of their employees in cases 
seeking class-action status. 
 (Compiled by Shalini Nagarajan in Bengaluru) 
 ((; Within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 7199; Reuters Messaging: 
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