PG&E Reaches $11 Billion Settlement with Insurers over Deadly Wildfires

Deal Moves PG&E Closer to Bankruptcy Exit PG&E said it has reached an $11 billion settlement with insurance companies over wildfire claims, a significant step toward emerging from bankruptcy. The deal covers insurance carriers and hedge funds that were seeking compensation from PG&E for payouts insurers made to homeowners and businesses in connection with fires […]

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Investors Lose Appetite for Shale

◊ BUSINESS & FINANCIAL NEWS – STOCK MARKET NEWS TODAY ◊ … Smaller drillers, which account for sizable part of U.S. oil production, are struggling to pay off hefty debt burdens. Bankruptcies are rising in the U.S. oil patch as Wall Street’s disaffection with shale companies reverberates through the industry. Twenty-six U.S. oil-and-gas producers including Sanchez […]

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