A sharp rebound in shares of PG&E Corp. has left three hedge funds that own 10% of the stock sitting on a roughly $700 million gain.
Abrams Capital Management LP, Knighthead Capital Management LLC and Redwood Capital Management LLC bought about 45 million PG&E shares in mid-January when the utility announced its plans to file for bankruptcy and its stock dropped to around $6 from $24. The stock has since recovered to around $23 as estimates of the company’s wildfire-related liabilities dropped and California’s government...
WTF!!
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U.S. judge defers ruling on PG&E $350 million bonus planA U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&...
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France's 3 richest families lead $700 million fundraising effort for Notre DameFrance's three wealthiest families are coming to the rescue of a national icon, spearheading a fundraising drive to rebuild Notre Dame that has topped $700 million. Maybe they should fund france’s anti terrorism unit “Those filthy billionaires....oh wait...” It's a shame that the Catholic church has no money to rebuild it...
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Source: cnnbrk - 🏆 393. / 55 Read more »
A Suspect Has Been Arrested In Connection With Fires At Three Black Churches In LouisianaMultiple media outlets are reporting that the suspect is the son of a St. Landry Parish sheriff's deputy. Facts about the suspect: Gun owner, jesus freak, MAGA hat, missing teeth, years of Facebook and Twitter hate, white nationalist, Hitler admirer, non college graduate and most of all...DOMESTIC TERRORIST!!
Source: BuzzFeed - 🏆 730. / 51 Read more »
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Source: NBCNews - 🏆 10. / 86 Read more »
Three Americans Killed in Taliban Blast Were Marines, Officials SayThe three U.S. servicemembers killed Monday in a Taliban attack in Afghanistan were members of the Marine Corps, U.S. military officials said. (Tears) Yet, the Taliban talk of Peace? bringthemhome!
Source: WSJ - 🏆 98. / 63 Read more »
Nissan brand Infiniti aims to launch first electric car in three years, made in ChinaThe first electric car for Nissan Motor Co's premium brand Infiniti will be... As population increase there is a chance of case of portable drives or take a buddy on payment regulatory risk & long term uncertain biz model risk
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Three Marines Killed By Car Bomb In Afghanistan IdentifiedThe Pentagon identified three U.S. Marines killed in Afghanistan on Monday after their convoy was attacked by a Taliban militant driving a car rigged with explosives.
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Three American soldiers killed in Afghanistan bomb attackThree US troops were killed in the suicide bomb attack outside Bagram Air Base north of Kabul while a contractor initially reported as killed is alive.
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