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PG&E STOCK 11/8/19 8A CI

In business news… shares of p-g and e stock took a nose dive yesterday after the utility reported a 1-point-62 billion dollar loss in the third quarter.

P-g and E says the company had approximately two and a half billion dollars in claims linked to recent wildfires and warned total costs for this years wildfire expense could top six billion dollars.

The recent costs to not include claims from the Kincade fire.

 

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