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PG&E clears another bankruptcy hurdle as judge OKs debt refinancing

SAN FRANCISCO — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California. U.S. Bankruptcy Judge Dennis Montali signed off on the deal to refinance billions of dollars in debt to pay off PG&E bondholders. The […]

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Disney+ subscriptions top 26 million, earnings beat expectations

Walt Disney Co. said Tuesday that 26.5 million people subscribed to its Disney+ streaming service in the first quarter of availability, and other streaming offerings received a boost as well. “We had a strong first quarter, highlighted by the launch of Disney+, which has exceeded even our greatest expectations,” Chief Executive Robert Iger said in the announcement. Disney DIS, +2.41% provided […]

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Four pitfalls in home loan down payment

Borrowers must steer clear of making common mistakes while buying a dream home to avoid any adverse impact on finances For most people, buying a dream home will probably be their single largest big-ticket expense. With the Reserve Bank of India capping home loan LTV (loan to value) ratio at 90%, 80% and 75% for home loan amounts of up […]

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Indian-origin techie Arvind Krishna elected IBM CEO

Arvind Krishna has an undergraduate degree from IIT Kanpur, and a PhD in electrical engineering from the University of Illinois at Urbana-Champaign. Indian-origin technology executive Arvind Krishna has been elected Chief Executive Officer of American IT giant IBM after a “world-class succession process”, succeeding Virginia Rometty, who described him as the right CEO for the next era at IBM and […]

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House panel investigating dating apps over underage use, sex offenders

SAN FRANCISCO — A House subcommittee is investigating popular dating services such as Tinder and Bumble for allegedly allowing minors and sex offenders to use their services. Bumble, Grindr, The Meet Group MEET, -0.36%  and the Match Group MTCH, +0.02% , which owns such popular services as Tinder, Match.com and OkCupid, are the current targets of the investigation by the U.S. […]

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IOC Q3 net triples on inventory gains

IOC had a forex loss of ₹182 crore as compared to ₹2,804 crore foreign exchange gain a year back. Indian Oil Corp (IOC), the nation’s biggest oil firm, on January 30 reported tripling of its net profit in December quarter as inventory gains offset lower refinery margins and forex losses. Standalone net profit in October-December at ₹2,339.02 crore, or ₹2.55 […]

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Unilever profit falls as sales miss growth target

Unilever PLC reported Thursday a fall in net profit for 2019 as sales missed its growth target, and said it would consider options for the future of its global tea business. The multi-sector retailer ULVR, +1.67%UL, -2.14% which owns consumer brands such as Ben & Jerry’s ice cream and Dove soap, reported a 38% fall in net profit to 6.03 billion […]

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