Author: Press Room

© Reuters. SAN FRANCISCO – California regulators are set to decide on Pacific Gas & Electric’s (PG&E (NYSE:)) proposed rate increases today, which could see customer bills rise substantially from January. The California Public Utilities Commission (CPUC) is considering two budget plans that suggest either a 12% or nearly 10% increase in monthly rates for PG&E customers. The decision comes after a series of delays and intense scrutiny from state regulators. The proposed rate hikes would translate to an additional $25 to $31 on average monthly bills, adding to the cumulative $100 increase customers have experienced over the past eight…

By Rich McKay (Reuters) – A fierce storm packing hurricane-force wind gusts dumped more than a foot (30.5 cm) of rain on parts of South Florida on Thursday, flooding homes and streets, downing power lines and trees and leaving tens of thousands of homes and business without power. The storm, which started on Wednesday, dropped almost 14 inches of rain from Key Largo to Fort Lauderdale while wind gusts topped out at 86 mph (136 kph), the U.S. National Service said on Thursday. More than 86,000 homes and businesses remained without electricity early on Thursday afternoon across Miami-Dade, Broward and…

kontrast-fotodesign/iStock Unreleased via Getty Images Fresenius Medical Care (NYSE:FMS) has recalled its Sanxin single-use sterile syringes for reported leakage issues. The syringes are used to draw heparin for hemodialysis. The heparin is then mixed with blood in the hemodialysis machine to help prevent blood clots during the procedure. The recalled syringes are used Fresenius 2008T hemodialysis machines, according to the FDA’s website. The FDA classified the recall as a Class I, meaning that use of the recalled device could lead to serious injury or even death. The agency said that 37 incidents involving the syringes have been reported, but none…

© Reuters. LAGOS – Nigeria’s currency, the naira, plunged to an unprecedented low of N1,105 to the U.S. dollar in the official market on Thursday, according to the latest data from LSEG. The significant drop from a previous rate of N830 per dollar has intensified economic uncertainty within the country. The exact cause of the naira’s steep decline remains unclear, but it is occurring amidst chronic dollar shortages that have plagued Nigeria since a downturn in oil prices led to a withdrawal of foreign investors from local markets. This shortage has been exacerbated by speculative activities and cash hoarding, which…

FIRST ON FOX: A pro-Palestinian Democrat seeking to represent Michigan in the U.S. Senate is calling for President Biden to drop out of the 2024 race for the White House, claiming his “handling of the Israel-Gaza conflict has thrown his Presidency into a tailspin.”Nasser Beydoun, who declared in April his candidacy for the Michigan Senate seat being vacated by retiring Sen. Debbie Stabenow, told Fox News Digital that Biden’s incessant support for Israel amid its war with Hamas terrorists has alienated a large portion of his base.”As a Democratic Candidate for the U.S. Senate in Michigan, given the current environment,…

Nomad Foods Logo Copyright 2021 Nomad Foods With shares of Nomad Foods (NOMD), the biggest frozen food company in Europe, currently up about 19% in November, they’re obviously having a good month. But they really should be having a better one based on how well it performed in Q3. Specifically, while revenues for the recently reported quarter may have only been up 0.5% year-over-year to €763.5 million, the latter still beat the consensus forecast by €10.4 million as NOMD’s decision to preserve margins through significant increases in prices, which were up 12.8% from the prior year, more than made up…

A bison stands in front of Mount Moran, north of Jackson Hole Wyoming. Many of the richest cities in … [+] Wyoming are situated in the Jackson micropolitan area.getty In a series of recent studies, we analyzed and identified the richest cities in a couple of Rocky Mountain states. These included the richest cities in Colorado and Utah. Now, we turn our focus on one of their neighbors; the state that is the least populated in the United States — Wyoming. We analyzed over 200 cities in the state in order to identify the richest cities in Wyoming. The way…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rail passengers face a new wave of disruption in December after train drivers announced more strikes.The Aslef union on Thursday outlined a “rolling programme” of strikes at 16 train companies between December 2 and December 8, with drivers at different operators walking out on each day. Members have also been banned from working overtime between December 1 and December 9. The union said that spreading the strike action would mean the “ramifications for the rail industry will be greater”.“We are determined to win this…

© Reuters. The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. REUTERS/Jason Reed (Reuters) -A top U.S. banking regulator faced mounting pressure on Thursday over his handling of allegations of sexual misconduct among agency staff, with Republican officials vowing a thorough probe and insisting on his recusal from an internal investigation. The gathering controversy followed media reporting earlier this week according to which the U.S. Federal Desposit Insurance Corporation had failed to eradicate widespread harassment…

© Reuters. LONDON – European stock markets closed on a mixed note today, with major indices showing divergent trends. The index experienced a downturn, shedding 0.72%, while the UK’s followed suit, dropping by 1.01%. index also fell by 0.57%. Bucking the trend, index managed to post a gain of 0.24%. HelloFresh (OTC:) SE led the decliners within the Stoxx Europe 600, with its shares plunging by a notable 22.4%. This was part of a broader selloff that saw companies like MorphoSys AG, Burberry Group (OTC:) PLC, Allegro.eu S.A., and Gerresheimer AG endure losses in their share prices ranging from 9%…