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Walters: What Now for PG&E?

Gov. Gavin Newsom says he wants Pacific Gas & Electric Co. to become a “radically restructured and transformed utility that is responsible and accountable…” But how? Newsom, in rejecting the company’s plan to emerge from bankruptcy late last week, once again denounced it for “more than two decades of mismanagement,...

Chevron Will Write Down Assets by at Least $10 Billion

SAN RAMON — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...

LeBron James’ Move to Lakers Could Cost Him $20 Million in Taxes

Gov. Jerry Brown has gotten a lot of credit for California’s fiscal rebound. When he came to office, the state budget was running a deficit of $27 billion; now, as Brown leaves office, he’ll leave his successor, Gavin Newsom, with a $15 billion rainy day fund. Thanks, Jerry! But Californians actually...