European stocks declined as a report showed Chinese imports unexpectedly slumped last month, outweighing gains by personal- and household-goods companies after LVMH Moet Hennessy Louis Vuitton SA posted results.
Hungarian Prime Minister Viktor Orban, who polls show is on the verge of winning re-election, undercut the bond market rally in his first term by surprising traders with moves including the seizure of pension assets.
PG&E Corp., owner of California’s largest utility, was charged with 12 pipeline safety violations by the U.S. government for a 2010 natural gas explosion that killed eight people and left a crater the size of a house.
PG&E Corp., owner of California’s largest utility, said it expects to face criminal charges for the 2010 explosion of one of its natural gas pipelines that killed eight people in San Bruno, California.
Every month over the past two years, Chief Executive Officer Ralph Izzo of the utility Public Service Enterprise Group Inc. traveled to Washington from Newark, New Jersey, to meet with more than 50 senators and advocate for climate-change legislation. His efforts may have been in vain.