Business

By Jamey Keaten and Pan Pylas Published 3:28 pm PST, Tuesday, January 22, 2019 Brazilian President Jair Bolsonaro delivers a speech during the World Economic Forum meeting in Davos, Switzerland. Brazilian President Jair Bolsonaro delivers a speech during the World Economic Forum meeting in Davos, Switzerland. Photo: AFP / Getty Images Photo: AFP / Getty Images Image 1 of / 7 Caption Close Image 1 of 7 Brazilian President Jair Bolsonaro delivers a speech during the World Economic Forum meeting in Davos, Switzerland. Brazilian President Jair Bolsonaro delivers a speech during the World Economic Forum meeting in Davos, Switzerland. Photo: AFP / Getty Images At Davos, Brazilian leader pledges to work ‘in … [Read more...] about At Davos, Brazilian leader pledges to work ‘in harmony with world’ on climate

David Eggert and Tom Krisher, Associated Press Updated 2:44 pm PST, Tuesday, January 22, 2019 FILE - In this Jan. 8, 2017, file photo a Chrysler Pacifica hybrid outfitted with Waymo's suite of sensors and radar is displayed at the North American International Auto Show in Detroit. Google's self-driving car spinoff Waymo said Tuesday it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world's first plant "100 percent" dedicated to the mass production of autonomous vehicles. less FILE - In this Jan. 8, 2017, file photo a Chrysler Pacifica hybrid outfitted with Waymo's suite of sensors and radar is displayed at the North American International Auto Show in Detroit. Google's self-driving ... more Photo: Paul Sancya, AP Photo: Paul Sancya, AP Image 1 of / 3 … [Read more...] about Google self-driving spinoff Waymo to put factory in Michigan

Jan 22, 3:57 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Dawn Geske 01/22/19 AT 1:56 PM PG&E (PCG.F) has raised $5.5 billion to finance its bankruptcy filing after claiming it may be liable for the 2017 and 2018 Northern California wildfires.The utility has secured four banks – JPMorgan Chase Bank, Bank of America, Barclays Bank PLC, and Citigroup Global Markets – that will provide debtor-in-possession (DIP) financing during the bankruptcy restructuring, which is anticipated to take two years, according to the SEC filing.The DIP financing includes $3.5 billion in revolving credit as well as $1.5 billion in term loans and $500 million in delayed draw term loans.“PG&E expects that the DIP Facilities will provide it with sufficient liquidity to fund its ongoing operations, including its ability to provide safe service to customers during the Chapter 11 cases,” the company said in the SEC … [Read more...] about PG&E Bankruptcy Update: Utility Secures $5.5 Billion In Financing