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PG&E stock plummets after report it's eyeing bankruptcy filing
PG&E Corp. PCG, stock fell 22% in after-hours trading Friday after a report that the company was eyeing bankruptcy filings for some or all of its businesses. Citing anonymous sources, Reuters reported that the company was considering filing for bankruptcy because it could soon face a "significant" charge related to liabilities related to California wildfires in 2017 and 2018. Because of potential legislative aid, PG&E has not yet determined whether it will make a bankruptcy filing, Reuters reported.
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https://www.marketwatch.com/story/pge-st...2019-01-04
PG&E Corp. PCG, stock fell 22% in after-hours trading Friday after a report that the company was eyeing bankruptcy filings for some or all of its businesses. Citing anonymous sources, Reuters reported that the company was considering filing for bankruptcy because it could soon face a "significant" charge related to liabilities related to California wildfires in 2017 and 2018. Because of potential legislative aid, PG&E has not yet determined whether it will make a bankruptcy filing, Reuters reported.
...
https://www.marketwatch.com/story/pge-st...2019-01-04
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