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Electric utility $PCG's subsidiary, Pacific Gas and Electric Company, has been found guilty of 5 counts of violating US Pipeline Safety Act regulations related to integrity management and one count of obstructing agency proceeding in the trial conducted in US District Court in San Francisco. The maximum fine company could face is $3MM.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.