• 20 businesses that died in the 2010s
    Yahoo Finance

    20 businesses that died in the 2010s

    Yahoo Finance takes a look back at some of the biggest corporate busts of the last decade.

  • RBC: 3 “Strong Buy” Stocks That Could Step on the Gas in 2020
    TipRanks

    RBC: 3 “Strong Buy” Stocks That Could Step on the Gas in 2020

    The Cambridge Dictionary’s definition of an expert is a “person with a high level of knowledge or skill relating to a particular subject or activity.”Apply this to the investing world, and how do we see this in action? We pull out TipRanks’ Top Wall Street Firms and notice who sits at the top of the heap.Occupying the throne right now is renowned investment bank RBC Capital, which means that among the company’s employees there are seasoned pros with a proven track record for success. Utilizing the TipRanks Stock Screener tool, we’ve found three stocks receiving Strong Buy ratings from most analysts in general, and endorsed by RBC in particular. Let’s take a closer look: Ovid Therapeutics (OVID)Ovid Therapeutics shares are on a tear. The stock price of this neurological medicines firm has raced ahead 66% this year, leaving the Nasdaq Biotechnology ETF (IBB) in its dust. But would you believe it has even further to run? Would you believe it could go up another 200%? RBC analyst Brian Abrahams does. In his latest research note, Abrahams reiterated an Outperform rating on OVID, along with a price target of $12.00 (To watch Abraham’s track record, click here)The drug maker has several therapies in the pipeline. Leading programs in development right now are OV101, which focuses on a potential treatment for Angelman syndrome and Fragile X syndrome, two neurodevelopmental disorders caused by genetic mutations, and OV935, a program focused on developing potential therapies for people living with rare epilepsies.Top-line data from a Phase 3 NEPTUNE trial of OV101 in Angelman's Syndrome should be released in mid-2020, and Abrahams thinks there is a very reasonable chance of success. While acknowledging some risk given disease heterogeneity, unclear dose dependence, and inconsistent subdomain effects in ph.II, the 5-star analyst noted, “We believe clinical and preclinical data for the company's lead candidate OV101, an extrasynaptic GABAA receptor agonist, are in totality supportive of the drug's activity in Angelman Syndrome, and believe the stock price currently underappreciates the likelihood the drug succeeds in improving clinical symptoms of the disease in ph.III. Given the high unmet need in this population, we believe FDA will be permissive -- highlighted by the Agency's endorsement of the pivotal trial design -- and if approved, should enable good uptake and pricing power.”Other analysts are even more optimistic. Indeed, the average price target on Wall Street is $13.50 -- implying nearly 240% upside. And over the last three months, no one on the Street has assigned Ovid shares anything less than a "buy" rating. (See Ovid stock analysis on TipRanks)Anaplan (PLAN)This year has seen a number of car crash IPO’s, as several over valued startups got on the receiving end of a harsh reality check following public listings. One to avoid such a fate, is cloud computing ‘connected planning’ platform, Anaplan.The company’s name derives from the combination of analysis and planning, which makes sense to us, as it makes software that connects people in a shared environment to business data in order to make better-informed plans and decisions.Anaplan impressed Wall Street with its latest F3Q20 earnings report. The company handily beat expectations on several key metrics, including top-line, billings, and margins. Additionally, this led to management significantly boosting its FY20 guidance.RBC’s Alex Zukin believes that a ‘large addressable market’ can serve as a catalyst for Anaplan’s growth, noting, “Anaplan indicates that the Planning market is a $21B+ opportunity (based on IDC forecasts). We believe customers are paying legacy vendors billions of dollars today and there is potential for spend significantly above that if greenfield, excel-based business processes meaningfully start to convert to Planning vendors.”Anaplan’s growth potential has Zukin reiterating his Outperform rating, along with a price target of $70. PLAN is currently trading at $52.56, indicating gains of 33% might be in the cards should Zukin’s target materialize. (To watch Zukin’s track record, click here)What’s the Street’s plan for PLAN, then? The consensus is that the connected planning innovator is a Strong Buy, a rating achieved as a result of 9 "buy" and 3 "hold" ratings issued in the past 3 months. The stock’s average price target of $63.33 implies upside potential of 20% from current levels. (See PLAN stock analysis on TipRanks)Analog Devices (ADI)Last and least, we come to semiconductor maker Analog Devices, which scored an "outperform" rating (i.e. "buy") from 5-star RBC analyst Mitch Steves.ADI stock is up nearly 38% in 2019 compared to the S&P 500, which has returned 24%. That’s impressive, but the big question for investors is whether the company (and its stock) can maintain the momentum. Steves suggests that if everything goes as planned, ADI will be a $136 stock in the next 12 months, implying about 18% return. (To watch Steves’ track record, click here)The company’s recent FQ4 numbers were mildly below Street expectations. Revenues of $1.44 billion slightly missed the Street’s estimate of $1.45 billion, while EPS of $1.19 came below the $1.22 estimate. FQ1 guidance also missed the Street’s targets.Steves commented, “We continue to believe that sentiment is still quite negative on the stock and remain positive as operating margin expansion should begin in Q2 and beyond [...] We remain positive on ADI and its suggestion of a recovery in Q2 is in line with our Analog view as well.” The analyst further added, “We are seeing positive trends within ADI’s communications business, as the company manages to sustain share gain and capture 5G opportunities. Being exposed to 5G radio content represents significant differentiation relative to the analog group, in our view.”The RBC expert is not alone in his take on ADI, as 11 Buys and 3 Holds from the analysts tracked by TipRanks over the last 3 months result in a Strong Buy consensus rating. The average price target stands at $125.57. (See ADI stock analysis on TipRanks)

  • Is Cloudera, Inc. (CLDR) A Good Stock To Buy?
    Insider Monkey

    Is Cloudera, Inc. (CLDR) A Good Stock To Buy?

    Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional investors we track […]

  • Benzinga

    Cloudera Delivers Beat And Raise, But Growth Remains Lower Than Industry Rates

    Cloudera Inc (NYSE: CLDR) delivered an all-round beat in the third quarter and raised guidance for the fourth quarter and full year. Cloudera reported revenue of $198 million, ahead of the consensus estimate by $9 million, and management attributed the beat to an improvement in sales execution and higher renewal rates, Turits said in the report. Cloudera released the converged and rebuilt Cloudera Data Platform for both public cloud and on-premises data center and its business appears to be stabilizing, the analyst mentioned.

  • Why Is Fox (FOXA) Up 1.6% Since Last Earnings Report?
    Zacks

    Why Is Fox (FOXA) Up 1.6% Since Last Earnings Report?

    Fox (FOXA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • How Has ZAYO Performed 30 Days Post Earnings
    Zacks

    How Has ZAYO Performed 30 Days Post Earnings

    Zayo Group (ZAYO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Hedge Funds Have Never Been This Bullish On StoneCo Ltd. (STNE)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On StoneCo Ltd. (STNE)

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]

  • Top Ranked Value Stocks to Buy for December 6th
    Zacks

    Top Ranked Value Stocks to Buy for December 6th

    Top Ranked Value Stocks to Buy for December 6th

  • Cloudera (CLDR) Q3 Earnings Beat Estimates, Revenues Jump Y/Y
    Zacks

    Cloudera (CLDR) Q3 Earnings Beat Estimates, Revenues Jump Y/Y

    Cloudera's (CLDR) third-quarter fiscal 2020 results reflect strong growth in annualized recurring revenues, offset by higher expenses.

  • Renewed Trade Talks Boost Tech Stocks: 5 Solid Buys
    Zacks

    Renewed Trade Talks Boost Tech Stocks: 5 Solid Buys

    Trump says, U.S.-China trade talks are "moving right along." In case a trade deal comes through, these five tech stocks would be must buys.

  • Thomson Reuters StreetEvents

    Edited Transcript of MRVL earnings conference call or presentation 3-Dec-19 9:45pm GMT

    Q3 2020 Marvell Technology Group Ltd Earnings Call

  • C-Suite Awards 2019: Michael Neidorff, Centene
    American City Business Journals

    C-Suite Awards 2019: Michael Neidorff, Centene

    It would be nearly impossible to list every accomplishment Michael Neidorff, chairman, president and CEO of Centene Corp., has achieved in his more than 20-year career at the helm of the Clayton-based managed health care company.

  • Calculating The Fair Value Of Boston Scientific Corporation (NYSE:BSX)
    Simply Wall St.

    Calculating The Fair Value Of Boston Scientific Corporation (NYSE:BSX)

    Does the December share price for Boston Scientific Corporation (NYSE:BSX) reflect what it's really worth? Today, we...

  • SoftBank to Have ‘Last Laugh’ on WeWork Deal, Bernstein Says
    Bloomberg

    SoftBank to Have ‘Last Laugh’ on WeWork Deal, Bernstein Says

    (Bloomberg) -- SoftBank Group Corp.’s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the “last laugh.”Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and more carefully focuses on the evolution of the corporate office market. He likens WeWork’s business model to Starbucks’s, where branding, consistency and global scale give it an advantage over the competition.Lane argues WeWork can achieve profitability if it pulls back on extraneous areas and calms a frenetic pace of expansion to focus on filling up existing space. That will allow it to grab an estimated 8% of an emergent market for pre-fitted offices for corporate clients, almost like a white-label tech gadget or home appliance.“We think investors should think of the basic business as being similar to Starbucks,” Lane wrote in a 21-page research report. “While profitable, the scale of profits that can be generated from a single site is small. Starbucks as a corporation only makes sense if you plan to open thousands of outlets.”It’s a contrarian take on a WeWork deal that has been widely viewed as a fiasco. After SoftBank invested in the co-working startup, its planned initial public offering fell apart as investors balked at its enormous losses and conflicted governance. Son conceded “there was a problem with my own judgment” as he announced the writedown last month. SoftBank has put about $14 billion into a startup that’s now valued at less than $8 billion.The Japanese company’s shares are down about 30% from their peak in April. They were little changed on Friday.After discussions with management, Lane explains they see an opportunity for WeWork to move beyond the niche of providing space for entrepreneurs to offering flexible real estate for a broad range of companies. He calls this “managed space as a service” and compares it to “software as a service,” which is the way many companies now buy from Microsoft Corp. and Salesforce.com Inc. WeWork, Lane says, sees the potential to make $500 per month on memberships as “an on-going annuity,” far more than software generates.SoftBank named Marcelo Claure, the former chief executive at Sprint Corp., executive chairman of WeWork and put him in charge of the turnaround effort. Under his leadership, Lane says the company will be able to focus on profitability by stopping any incremental expansion, filling its existing space and slashing overhead by getting rid of expansion staff and non-core businesses. WeWork’s ability to gather data about office-use and optimize layouts -- while not entirely substantiated -- could prove disruptive to the industry, he added.He estimates that WeWork’s revenue will rise from $720 million a quarter to about $1.5 billion if it can push occupancy to 90% on its current portfolio. Once profitable, WeWork will once again try to go public, perhaps in 2023, and then raise additional capital to resume expansion, albeit more slowly than before.With a discounted cash flow model, Lane projects WeWork would have an enterprise value of $28.8 billion in 2025. That would make SoftBank’s 80% stake worth about $19.1 billion, roughly 40% more than the estimated $13.8 billion the company and its Vision Fund have invested.“We believe WeWork’s valuation is justified if you believe in the long-term, ‘office space’ will be a managed service outsourced to professionals – and that WeWork will be the leading global player,” Lane wrote. “Despite the huge embarrassment WeWork has been for SoftBank this year, we suspect SoftBank will have the last laugh when they bring the company back to market in a few years – bigger and profitable.”(Updates with shares in the sixth paragraph.)To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cloudera, Inc. (CLDR) Reports Q3 Loss, Tops Revenue Estimates
    Zacks

    Cloudera, Inc. (CLDR) Reports Q3 Loss, Tops Revenue Estimates

    Cloudera, Inc. (CLDR) delivered earnings and revenue surprises of 57.14% and 5.02%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Cloudera stock rises after earnings beat

    Cloudera Inc. shares rose more than 5% in the extended session Thursday after the cloud-computing company beat revenue expectations and reported narrower-than-expected losses. The company reported a third-quarter net loss of $82.1 million, which amounts to 29 cents a a share, compared with a net loss of $25.9 million, or 17 cents a share in the year-ago quarter. Adjusted for stock-based compensation, among other things, losses were 3 cents a share. Revenue rose to $198.3 million from $119 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 6 cents a share on revenue of $189.1 million. For the fourth quarter, analysts estimate adjusted losses of 5 cents a share on revenue of $196.9 million. Cloudera said it expects fourth-quarter adjusted losses of 2 cents to 4 cents a share and revenue of $200 million to $203 million. Cloudera stock has fallen 9.5% stock this year, with the S&P 500 index rising 24%.

  • Snap creates a spectacle with new film from Harmony Korine
    American City Business Journals

    Snap creates a spectacle with new film from Harmony Korine

    The experimental short is just the sort of trippy experiment you'd expect from the director of "Kids," "Spring Breakers" and"Beach Bum."

  • Thomson Reuters StreetEvents

    Edited Transcript of DRRX earnings conference call or presentation 4-Nov-19 9:30pm GMT

    Q3 2019 DURECT Corp Earnings Call

  • Stanley Druckenmiller's Top 4 Buys in the 3rd Quarter
    GuruFocus.com

    Stanley Druckenmiller's Top 4 Buys in the 3rd Quarter

    Former Soros partner’s top buys include GE and 2 new holdings Continue reading...

  • Call Traders Buzzing Ahead of Cloudera Earnings
    Schaeffer's Investment Research

    Call Traders Buzzing Ahead of Cloudera Earnings

    CLDR is in recovery mode after its early June plunge

  • Are You Looking for a Top Momentum Pick? Why AXA Equitable Holdings, Inc. (EQH) is a Great Choice
    Zacks

    Are You Looking for a Top Momentum Pick? Why AXA Equitable Holdings, Inc. (EQH) is a Great Choice

    Does AXA Equitable Holdings, Inc. (EQH) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Elizabeth Warren Wants to Spoil the Megamerger Party
    Bloomberg

    Elizabeth Warren Wants to Spoil the Megamerger Party

    (Bloomberg Opinion) -- The merger floodgates broke open five years ago, and now U.S. Senator Elizabeth Warren wants to close the hatch. Her proposed bill to substantially restrict big corporate tie-ups is more a presidential campaign statement than viable legislation — and it certainly won’t score her any more points with the Wall Street crowd — but she is calling attention to the maniacal pace of dealmaking in corporate America and the need to modernize antitrust laws that have permitted some recent problematic transactions.More than $7 trillion of takeovers of U.S. companies have been announced since this day in 2014 — 52,694 companies to be exact.(1) That compares with just $4.4 trillion of deals in the previous five-year period. The transactions grew over time as balance sheets flush with cash and income statements desperate for growth created a perfect storm, which more often than not was stoked by pliable regulators. The Walt Disney Co. acquired 21st Century Fox Inc.; Charter Communications Inc. bought Time Warner Cable Inc.; CVS Health Corp. took over Aetna Inc.; Marriott International Inc. merged with Starwood Hotels & Resorts Worldwide Inc.; and T-Mobile US Inc. is trying to buy Sprint Corp. Those are just some of the more recognizable names. Warren, one of the top-polling candidates heading into the Democratic primaries, wants to ban deals in which one company has annual revenue of more than $40 billion, or both businesses generate more than $15 billion in sales, according to a draft of the bill reviewed by Bloomberg News. (A notable exception would be companies facing insolvency.) That could effectively prevent every top airline, insurer, manufacturer, oil producer, retailer, technology platform and other conglomerates — perhaps even Warren Buffett’s M&A vehicle, Berkshire Hathaway Inc. — from making any acquisitions. It would sound the M&A death knell. The idea, however, is unlikely to gain broad support among lawmakers.Even so, it’s hard not to notice the rising drumbeat of politicians concerned about overreach by corporate giants, particularly those in the tech field. Senator Amy Klobuchar, another Democratic presidential candidate, plans to introduce separate antitrust legislation soon, Bloomberg News reported, citing a person familiar with the matter. (Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent of Bloomberg News and Bloomberg Opinion, is also campaigning for president.)For the Trump administration’s part, the U.S. Justice Department is already investigating whether tech giants — namely Apple Inc., Amazon.com Inc., Facebook Inc. and Google — are using their unchecked power to engage in harmful business practices. But as I wrote in July, if regulators are so concerned about protecting consumers from tech overreach, their glowing endorsement of T-Mobile’s takeover of Sprint is a funny way of showing it; it will shrink the U.S. wireless market from four to three major carriers and remove a company that’s helped to keep customer prices in check.Antitrust regulation under President Donald Trump has at times created questionable optics. Makan Delrahim, the Justice Department’s top antitrust enforcer, seemed to switch his stance on AT&T Inc.’s takeover of Time Warner Inc. as Trump railed against the deal. Time Warner was the parent of CNN, which Trump views as his personal nemesis. (I’ve argued that whatever the case, scrutiny of the megamerger was warranted considering the broad market power it gave to AT&T as media companies without such scale struggle to compete.) By comparison, Disney and Fox, which was controlled by Trump pal Rupert Murdoch, closed their megadeal with few regulatory hiccups. Warren has criticized other giant deals, such as the merger of SunTrust Banks Inc. and BB&T Corp. and the combination of seed makers Bayer AG and Monsanto Co. Given that they aren’t household names, though, most Americans are unfazed by or unaware of such deals, even though they may feel the effects later. Her bill would direct the government to take into account not just whether a merger will lead to higher prices but also what the impact might be on workers, privacy and industry innovation. To justify the cost of buying another large company, dealmakers tend to come up with ambitious estimates of synergies, a euphemism for layoffs. It’s clear that the meaning of “harm” needs to be expanded in the antitrust sense, and laws need to take a more holistic view of the potential consequences of M&A as the lines between industries continue to blur. The Big Tech factor also needs to be weighed, as some deals are being done in part to respond to companies like Amazon that are spreading their tentacles into new areas. On Wednesday, TV-network operators CBS Corp. and Viacom Inc. completed their own merger, a bid to cut costs and create more scale to compete against a new roster of even more powerful media giants: Amazon, Apple, AT&T and Disney. Even then, ViacomCBS Inc., as the merged entity is now called, may not be big enough, and so it may be only a matter of time before it gets swallowed. Warren’s overly broad proposal likely isn’t the answer. But Democrats do seem ready to at least try to rein in a market that’s gotten out of hand. For dealmakers, this may be last call at the M&A party.(1) Data compiled by Bloomberg as of Thursday morning. Excludes terminated deals.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Why Is Univar (UNVR) Down 3.9% Since Last Earnings Report?
    Zacks

    Why Is Univar (UNVR) Down 3.9% Since Last Earnings Report?

    Univar (UNVR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Mark Zuckerberg Isn’t Always a Colorless Automaton
    Bloomberg

    Mark Zuckerberg Isn’t Always a Colorless Automaton

    (Bloomberg Opinion) -- I now have low expectations when Mark Zuckerberg writes a manifesto, gives a speech, grants media interviews or fields questions from lawmakers.In these settings, and particularly on questions about how the world should or does work, Facebook Inc.’s chief executive officer can seem over-rehearsed, scarily superficial, cravenly political, evasive — or all of the above. But in less-scripted moments, or when the world isn’t watching, Zuckerberg is often clear-eyed about where the internet is going and articulate about Facebook’s strategy. Fifteen years after Zuckerberg started Facebook in his college dorm room — maybe you’ve heard that story before? — that scary-smart version of Zuckerberg remains the internet executive I want to hear from the most. Don’t believe me?Check out the transcript the Verge published in October of two meetings between Zuckerberg and employees. Most of the attention focused on his forceful push back to Elizabeth Warren and others who want to break up Facebook. But I was more interested in Zuckerberg’s astute explanation of how TikTok, the short-video app from China’s Bytedance Inc., is a distilled, video-focused version of Instagram’s “explore” section. He is not wrong.With those employees, Zuckerberg also talked in more nuanced ways than he has in public about the novelty of a Chinese internet app gaining traction outside its home country, how Facebook was trying to copy elements of TikTok and why TikTok was vulnerable. This was the opposite of the thousand-yard-stare Zuckerberg the public sees in media interviews. This was Zuckerberg in his element as a skilled and confident internet diagnostician and tactician.That Zuckerberg may not be the likable Everyman who pets a calf, but I wish we got to see more of him. Repeatedly in Facebook’s quarterly earnings calls over the years, Zuckerberg has given moments of insight that distill Facebook’s playbook or explain what trends such as online video, the Snapchat app and the Pokemon Go mobile game show about the future of technology.You get a likewise incisive, perhaps cutthroat, version of Zuckerberg from reading Facebook internal emails that come out in occasional lawsuits or investigations. Those glimpses are of a ruthless and savvy executive trying to undermine rivals and devise partnerships that would make people more loyal to Facebook. You might read those selective disclosures and feel Zuckerberg is unethical and selling out people who use Facebook. You might be right. But he is also astute about what works on the internet and how to position Facebook for success.And if Facebook was the mystery bidder for wearable gadget company Fitbit Inc., Zuckerberg refused to get involved in a conventional corporate acquisition process and basically nagged Fitbit’s CEO to make a deal on his terms. It was kooky, and the CEO of the unidentified suitor seemed like a loose cannon, at least in the one-sided telling of this Fitbit securities document. It’s also true that Zuckerberg’s personal involvement and unconventional personal persuasion helped Facebook acquire Instagram, which likely added more value to Facebook than anything else the company did this decade. Look, even the savvy tactician Zuckerberg can be horribly wrong. He brushed off the effects of misinformation spreading on Facebook around the 2016 U.S. presidential election. He plunged his company rashly into live video, a feature that is rife with risks and one that has not taken over the internet as Zuckerberg once predicted.Maybe Zuckerberg is just like the rest of us. When he’s talking out of the glare of shouting members of Congress and engaging on topics he feels confident about, he’s like a different person. Today, though, more is expected. Leaders — particularly those like Zuckerberg whose products are so widely used and influential — are expected to be capable of thinking deeply about problems in the world, not only to devise clever product and business strategies.The people who lead large companies must play many roles: diplomat, policy maker, motivational captain of their employees and an assuring public face to customers. It’s a nearly impossible assignment, but that doesn’t mean we should lower the bar for these executives. A version of this column originally appeared in Bloomberg’s Fully Charged technology newsletter. You can sign up here.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Coalition of elected leaders gains support for PG&E restructuring proposal
    American City Business Journals

    Coalition of elected leaders gains support for PG&E restructuring proposal

    The proposed plan seeks to create an electric cooperative that would take over PG&E; and its transmission system with a new governing body.