PG&E to pay $70 million for pipeline tragedy

PG&E to pay $70 million for pipeline tragedy

Pacific Gas and Electric Co., a northern California utility, has agreed to pay $70 million to the California town of San Bruno for a pipeline explosion that killed eight people in 2010. Company says it’s remorseful The San Francisco-based power company’s president, Chris Johns, released a statement Monday, saying PG&E is sorry and eager to […]

FULL STORY >>

LinkedIn and Pandora IPOs: Scams the banks always win

Online music service Pandora had its initial public stock offering today, and in the middle of the profiteering, Dan Primack of CNN Money suggested that the bankers responsible for the Pandora IPO may have scammed the company. Joe Nocera of the New York Times insisted the same thing happened the month before with career website […]

FULL STORY >>

Variation of the Pandora corporate logo.
Was Pandora's IPO share price Morgan Stanley's effort to make up for a larger scam? (Photo Credit: CC BY-SA/Ross A. Reyman/Flickr)