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California lawmaker introduces bill to make PG&E a publicly owned utility

By Kanishka Singh (Reuters) – A California lawmaker has introduced a bill aimed at making PG&E Corp <PCG.N> a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy. “Today I’m introducing legislation to force PG&E to become a publicly owned utility,” California […]

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As Democrats fight for Iowa, Bloomberg makes a play for delegate-rich California

By Joseph Ax and Jason Lange SACRAMENTO, Calif. (Reuters) – Bernie Sanders’ campaign had built up what it described as the largest California operation of any Democratic presidential candidate – until billionaire Mike Bloomberg made a late entry into the race in November with seemingly bottomless resources. Within two months, the former New York City […]

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Huawei, ZTE urge U.S. not to impose national security risk labels

By David Shepardson WASHINGTON (Reuters) – Huawei Technologies Co Ltd and ZTE Corp <000063.SZ> on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security. In November, the FCC voted 5-0 to initially designate Huawei and ZTE as national security […]

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Wall Street rebounds from virus fears, helped by factory strength and tech stocks

By Lewis Krauskopf (Reuters) – U.S. stocks rallied on Monday, boosted by heavyweight technology shares and on surprise strength in U.S. manufacturing activity, following a sharp selloff last week on concerns about the economic impact from the fast-spreading coronavirus out of China. U.S. factory activity rebounded in January after contracting for five straight months amid […]

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Giuliani associates Parnas, Fruman face Oct. 5 trial, before U.S. election

By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) – A U.S. federal judge set an Oct. 5 trial date for Lev Parnas and Igor Fruman, two associates of President Donald Trump’s personal lawyer Rudy Giuliani, setting the stage for more information to emerge about their alleged campaign finance violations before November’s presidential election. The […]

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Airbus bribery scandal triggers new probes worldwide

By Tim Hepher and Laurence Frost PARIS (Reuters) – Fallout from the Airbus bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. Airbus agreed on Friday to pay a […]

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Justice Department meeting state AG offices Tuesday to discuss Google: sources

By Diane Bartz WASHINGTON (Reuters) – Justice Department officials will meet on Tuesday with representatives of state attorneys general to discuss their investigations of search and advertising giant Google, according to sources familiar with the plans. The meeting is in the afternoon, according to one source, and will include officials from six or seven states, […]

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United Airlines suspending U.S.-bound mainland China flights a day earlier

By David Shepardson WASHINGTON (Reuters) – United Airlines <UAL.O> said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday. The airline, which is the last U.S. airline still conducting China flights, said on Friday it planned to fly its last flight from China on […]

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Enbridge Line 3 oil pipeline clears hurdles with Minnesota regulator

By Rod Nickel WINNIPEG, Manitoba (Reuters) – Enbridge Inc’s Line 3 pipeline replacement cleared important hurdles on Monday when a Minnesota regulator endorsed a revised environmental impact statement for the project. The Minnesota Public Utilities Commission’s decision, followed by its approval of a certificate of need and route permit, is a victory for Canadian oil […]

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China’s ‘perfect storm’ a boon to Brazil’s meat producers: ABPA

By Ana Mano SAO PAULO (Reuters) – Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for South American meat, giving Brazilian meatpacker shares a boost on Monday. China reported a new outbreak of bird flu on Saturday while millions of chickens […]