• California regulator criticizes utility over power outages
    Associated Press

    California regulator criticizes utility over power outages

    The agency ordered a series of corrective actions, including a goal of restoring power within 12 hours, not the utility's current 48-hour goal. "The scope, scale, complexity, and overall impact to people's lives, businesses, and the economy of this action cannot be understated," California Public Utilities Commission President Marybel Batjer wrote in a letter to PG&E CEO Bill Johnson. PG&E last week took the unprecedented step of cutting power to more than 700,000 customers, affecting nearly 2 million Californians.

  • The Latest: Newsom demands payments for those who lost power
    Associated Press

    The Latest: Newsom demands payments for those who lost power

    Gov. Gavin Newsom is asking Pacific Gas & Electric Co., to pay the customers who lost power last week when the state's largest utility cut electricity to prevent wildfires. The Democratic governor sent a letter Monday asking PG&E chief executive Bill Johnson to provide a bill credit or rebate worth $100 for residential customers and $250 for small businesses. Newsom says the shutoffs affected too many customers for too long, and it's clear PG&E implemented them "with astounding neglect and lack of preparation." He says that before the shutoff PG&E executives rejected offers of help from state and local emergency managers.

  • Cannabis Roundup: HEXO, WEED, ACB, and CTST
    Market Realist

    Cannabis Roundup: HEXO, WEED, ACB, and CTST

    The broader US markets were relatively flat today. Weakness in the cannabis sector continued, with the ETFMG Alternative Harvest ETF down 0.4%.

  • More Downgrades for HEXO before Its Q4 Earnings
    Market Realist

    More Downgrades for HEXO before Its Q4 Earnings

    Hexo Corp. (HEXO) stock is down 26.24% on the NYSE on a year-to-date basis. This cannabis company has lost 33.94% of its value since October 1.

  • How PG&E Stock Could Trade after a Terrible Week
    Market Realist

    How PG&E Stock Could Trade after a Terrible Week

    Bankrupt utility PG&E; lost more than 25% last week. The fall came after the bankruptcy court allowed a bondholder group to pitch their restructuring plan.

  • Cannabis Scandal Radar: Is Tilray Next?
    Market Realist

    Cannabis Scandal Radar: Is Tilray Next?

    Scandals have engulfed the sector many times, especially for CannTrust, Curaleaf, and Hexo. Could Tilray be next on the cannabis scandal radar?

  • PG&E, Boeing, Deere, Sears, Apple: Companies to Watch
    Yahoo Finance

    PG&E, Boeing, Deere, Sears, Apple: Companies to Watch

    PG&E, Boeing, Deere, Sears and Apple are the companies to watch.

  • Analysts Estimate Halliburton (HAL) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Halliburton (HAL) to Report a Decline in Earnings: What to Look Out for

    Halliburton (HAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Lilly Gets FDA Approval for New Oral Tablets for Migraine
    Zacks

    Lilly Gets FDA Approval for New Oral Tablets for Migraine

    Eli Lilly (LLY) gets FDA approval for lasmiditan oral tablets to treat acute migraine in adults.

  • CommScope Boosts Patents Tally With Fractus Suit Settlement
    Zacks

    CommScope Boosts Patents Tally With Fractus Suit Settlement

    CommScope's (COMM) buyout of Fractus' patent technology is likely to translate into incremental revenues by offering an opportunity to serve a wider spectrum of customers for increased 5G deployment.

  • Cannabis Stocks in Trouble, PI Financial Cuts Target Price
    Market Realist

    Cannabis Stocks in Trouble, PI Financial Cuts Target Price

    Cannabis stocks see dark clouds looming. The week ending on October 11 was disastrous for the sector. Hexo stock fell after it withdrew its fiscal 2020 outlook.

  • OrganiGram Received a Rare ‘Buy’ amid Downgrades
    Market Realist

    OrganiGram Received a Rare ‘Buy’ amid Downgrades

    OrganiGram Holdings (OGI) received a “buy” rating from Jefferies on October 11. However, the investment firm lowered its price for the stock.

  • Do California power shutoffs work? Hard to know, experts say
    Associated Press

    Do California power shutoffs work? Hard to know, experts say

    Millions of Californians spent part of the week in the dark in an unprecedented effort by the state's large electrical utilities to prevent another devastating wildfire. It was the fifth time Pacific Gas & Electric Co. has preemptively cut the power but by far the largest to date in the utility's effort to prevent a deadly wildfire sparked by its power lines. Experts say it's hard to know what might have happened had the power stayed on, or if the utility's proactive shutoffs are to thank for California's mild fire season this year.

  • Financial Times

    PG&E: clear-up plan

    In the case of Californian utility Pacific Gas and Electric Corporation (PG&E), that could mean a complete change of owners. Bondholders led by Paul Singer’s Elliott Management could soon seize control of PG&E after a judge last week cleared the way for them to submit a competing reorganisation plan. The group — which also includes Pimco and Apollo — is offering to inject $29.2bn in new money to help PG&E emerge from Chapter 11 and pay off any victim liabilities from recent wildfires.

  • Why Natural Gas Prices Might Crash in Winter
    Market Realist

    Why Natural Gas Prices Might Crash in Winter

    On October 11, natural gas prices fell just 0.2% and settled at $2.214 per MMBtu (million British thermal units). However, the UNG rose 0.8%.

  • Market Realist

    Why Marijuana Revenues in Colorado Keep Rising

    Colorado reported $1.16 billion in marijuana sales in the first eight months of 2019. In 2018, the state reported marijuana sales of $1.54 billion.

  • California mayor blames regulators for PG&E's electricity problems and blackouts
    Yahoo Finance

    California mayor blames regulators for PG&E's electricity problems and blackouts

    The mayor of Cloverdale California says plenty of people blame troubled utility PG&E for recent blackouts but they should blame the California Public Utilities Commission.

  • Cannabis Roundup: CGC, OGI, ACB, and HEXO
    Market Realist

    Cannabis Roundup: CGC, OGI, ACB, and HEXO

    At 2:00 PM ET, the S&P; 500 and the Dow Jones were up by 1.7%. Despite the surge in the equity market, the cannabis sector showed a mixed performance today.

  • Oilprice.com

    Oil Jumps on Trade Hopes and Tanker Attack

    Oil prices rose on Friday on the back of some positive noises coming out of the trade war negotiations and reports that an Iranian oil tanker had been attacked

  • Cannabis 2.0: Aurora’s Focus on Edibles
    Market Realist

    Cannabis 2.0: Aurora’s Focus on Edibles

    As Cannabis 2.0 approaches, many cannabis players have shifted their focus from vapes to edibles in light of the recent vaping-related deaths.

  • Boeing, Renault, L Brands, Tilray, Nike: Companies to Watch
    Yahoo Finance

    Boeing, Renault, L Brands, Tilray, Nike: Companies to Watch

    Boeing, Renault, L Brands, Tilray and Nike are the companies to watch.

  • Company News For Oct 11, 2019
    Zacks

    Company News For Oct 11, 2019

    Companies in the news are: RARX, BBBY, PCG, MITO

  • Buckle's Solid September Comparable Sales Cheer Investors
    Zacks

    Buckle's Solid September Comparable Sales Cheer Investors

    Buckle (BKE) is on track with efforts such as enhancing marketing efficiency, store remodeling and technology upgrades. Also, the company reported positive comps and sales in September.

  • Massive CA wildfire 'zero percent contained'
    Reuters Videos

    Massive CA wildfire 'zero percent contained'

    California firefighters on Friday are furiously trying to contain massive wildfires that have been tearing through the Los Angeles area since Thursday night. (SOUND BITE) (ENGLISH) LOS ANGELES FIRE CHIEF RALPH TERRAZAS: “In terms of fire activity, we’re at zero percent containment. The size right now is 4,700 acres-plus. We’ve calculated that the fire’s moving at a rate of 800 acres per hour.” The so-called Saddleridge fire has engulfed homes in the San Fernando Valley and forced massive evacuations, snarling traffic for miles. Some shelters are already at full capacity. No cause has been cited. Dry conditions and high winds a lethal combination in the days to come. (SOUND BITE) (ENGLISH) LOS ANGELES FIRE CHIEF RALPH TERRAZAS: “These weather conditions are significant in terms of brush threat. The relative humidity has dropped to as low as three percent. Right now it’s seven percent. The winds were sustained at about 20 to 25 miles per hour with gusts over 50 miles per hour. So as you can imagine the embers from the wind have been travelling a significant distance, which causes another fire to start.” Much of the state is on high alert, with utility company Pacific Gas & Electric cutting power in several areas to prevent their lines from sparking. That irked California Governor Gavin Newsom, who, while respecting the safety measure, described the outage as too broad and said it resulted from years of mismanagement. PG&E is on the hook for potentially $30 billion for previous wildfires linked to its transmission wires and other equipment. It filed for bankruptcy in January. Separately, another blaze called the Sandalwood fire is sweeping through an area east of L.A., triggered by burning trash in a dumpster. That fire was only 10 percent contained as of Friday morning.