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PG&E Corp. (NYSE: PCG) wants to sell its San Francisco headquarters and shift base to Oakland to save costs after being in the Golden City for more than a century. The utility also wants to raise $11 billion from debt markets, even as bankruptcy arguments continue in court.What Happened With a goal of achieving near-term cost savings, PG&E wants to relocate its headquarters to Oakland, California, in 2022.In a statement Monday, Bill Smith, the company's interim CEO said, "Our new Oakland headquarters will be significantly more cost-effective, is better suited to the needs of our business, and is a critical part of fulfilling our commitment to operate in a fiscally responsible way that will enable us to achieve our operational and safety goals."The Californian utility is also seeking to tap into corporate debt markets as it pursues financing to the tune of $11 billion.While the courtroom proceedings on its bankruptcy continue,...
It isn't hard to find love when there's no competition. Match Group Inc (NASDAQ: MTCH) is the only online dating service on the public markets, but last resort or not, it's found itself a mate.The Rating: Morgan Stanley analysts Lauren Cassel and Brian Nowak initiated coverage on Match with and Overweight rating and a $103 price target.The Thesis: Lockdown was a lonely experience for many single Americans. A lifting of their forced solitude may inspire a rush to the apps."We see a long and growing runway for growth given demographic tailwinds and greater adoption of online dating," the analysts wrote, citing a global addressable market of about 600 million with 3.5% compound annual growth.The coronavirus impetus compounds other favorable trends for dating apps, including a peak in the U.S. single population, an increase in young daters as a proportion of the single population, and the continued global penetration of internet and...
Yahoo Finance's Emily McCormick joins The First Trade to discuss Vroom's public offering. She also breaks down Tiffany's recent rise in sales in Mainland China. ...
This past Friday we got our first hint of the route our economic recovery from coronavirus may take – and the news was unequivocally good. Despite an uneven reopening, with some states all in and others continuing their lockdowns, the May jobs report showed the largest surge in employment in the survey’s history.As the recovery proceeds, investors have to find the right stocks to take advantage of the jump in the market. TipRanks has the data tools to bring clarity from the market conditions – especially the Smart Score tool. Building on eight separate factors, the Smart Score collates all the available data on a stock and distills it down to a single number. Some stocks – the best options out there – get the coveted ‘perfect 10.’ Using the Smart Score tool, we managed to pinpoint 3 stocks that currently present perfect investing opportunities — all receive a score of...
France launched what it billed a 15-billion-euro ($17 billion) support plan for its aerospace industry on Tuesday, accelerating research on a green jetliner and warning 100,000 French jobs could be lost due to the coronavirus crisis. The plans - which include 7 billion euros of aid already awarded to Air France and bring forward some defence spending - involve a joint effort by government and industry to keep French jobs and prepare the next generation of civil jets. The plans include a 1-billion-euro investment fund with an initial capital of 500 million euros, partly financed by planemakers Airbus and Dassault Aviation, engine maker Safran and systems firm Thales....
