Shares and bonds in PG&E Corp fell sharply, losing 71% of their value since the beginning of the year, as the US power utility announced it would likely to file for the Chapter 11 bankruptcy protection.
CVS Health Corp announced its partner Walmart is set to leave its network for the Medicaid and commercial prescription drug plans due to a pricing dispute, as two firms failed to reach an agreement on the issue.
Payless ShoeSource, the US discount retailer, has hired the investment bank PJ Solomon, as the company seeks exploring all strategic options, including restructuring or sale, less than 1.5 years after the firm emerged from bankruptcy.
The private equity firm Apollo Global Management is getting closer to sign a deal to acquire Arconic, the US aluminium products maker, for more than $10B or $21-$22 per share, according to the WSJ.
The European Union will collapse unless it reviews the migration policy, the Italian Prime Minister Giuseppe Conte says after a meeting with the European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos.
The President of the United Nations General Assembly Maria Fernanda Espinosa arrives in Pakistan for an official visit this week, the Foreign Office reports.
The Russian Foreign Minister Sergei Lavrov and his Japanese counterpart Taro Kono failed to agree on the future of four disputed Pacific islands.
The Canadian Prime Minister Justin Trudeau announced a cabinet reshuffle after the President of the Treasury Board Scott Brison resigned the previous week.
The number of stays by domestic and foreign visitors in Germany is expected to hit a new record of 477M in 2018, the German Federal Statistical Office Destatis reports.
The Chinese President Xi Jinping and his Finnish counterpart Sauli Niinisto agreed to improve bilateral ties during a meeting in Beijing.
The Chinese tech firm ByteDance Technology has launched a video chat app, Duoshan, which could potentially outrace the market leader WeChat owned by Tencent.
The Russian-backed French logistics company Gefco is planning to launch an initial public offering and has hired Citigroup, JPMorgan, Societe Generale, Credit Suisse and UBS to lead the process.
Nokia, Finland's telecom equipment maker, is planning to trim 350 job positions in Finland on the back of its cost-cutting plan, as it seeks to find $800M worth savings by the next year.
On Tuesday, PG&E announced that the Vice Chairman for the investment banking company Rothschild, Roger Kimmel, had stepped down from the struggling California-based power firm's board.
On Tuesday, Huawei's founder Ren Zhengfei have rejected claims that the tech giant is used to spy for the Chinese government, according to a Financial Times report.
Qatar Airways CEO stated on Tuesday the carrier had no interest in the Indian debt-laden airline Jet Airways, as it was backed by its "enemy" Etihad Airways.
On Tuesday, a German court has thrown out Qualcomm's patent lawsuit brought against Apple, despite winning a court ban on some iPhones sale in the country.
The National Basketball Association will receive a $1.1B over the next seven years from Take-Two Interactive Software amid signing the licensing deal, allowing it make NBA 2K video game franchise.
Ford Motor and Volkswagen are likely to announce their automotive alliance on Tuesday, which combines commercial vehicles forces and is seen to expand into the development of self-driving and electric technology.
As the vote on Brexit approached at the British Parliament, Theresa May faced a likely defeat, as various political forces expressed their views and announced that they will vote against the Brexit deal.
On Tuesday, the Prime Minister of Greece Alexis Tsipras achieved the needed support to win the upcoming confidence vote at the Greek Parliament.
IOOF Holdings, Australia's wealth manager, stated it had delayed the Australia and New Zealand Banking Group's pension assets buyout by no less than three months, after finance sector inquiry hit dealmaking.
IBM and Deutsche Telekom's unit T-Systems are set to team up to provide mainframe services, IBM's spokesman announced on Monday, adding the existing user contracts will not get affected by the tie-up.
The ex-Stobart Group's Chief Executive Officer Andrew Tinkler acquired a little over 12% stake in the British carrier Flybe Group, a filing showed Monday with no financial details being disclosed.