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(Reuters) - Shares of utility PG&E Corp (PCG.N) fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment was found responsible for starting the Camp wildfire currently raging in California. The company said liabilities related to the wildfires could exceed its recently renewed insurance cover, adding to the severe financial pressure it is already facing. The utility has already withdrawn $3 billion from its credit line in anticipation of fire-related liabilities, leaving it with no additional money available under its credit agreements, it said in a filing.
The Camp wildfire, which has killed nearly 48 people, is being investigated, and PG&E told regulators it experienced problems with transmission lines or substations in areas around the time the blazes were reported to have started, NBC said in a report nbcnews.to/2K4tvNZ on Tuesday that a day before the fire started, PG&E emailed a local landowner about 'problems with sparks' and the need for workers to enter her property and work on the high-power lines, The company, however, was unable to address the issue as the landowner was out of town, personalised cufflinks photo the report said..
MEXICO CITY (Reuters) - Tesla Inc co-founder Elon Musk and Mexico’s tequila producers could be headed for a collision after the agave-based drink’s industry group opposed the flamboyant billionaire’s efforts to trademark an alcoholic drink dubbed “Teslaquila.”. One of the world’s richest people and chief executive of Tesla (TSLA.O), Musk is known for ambitious and cutting-edge projects ranging from auto electrification and rocket-building to high-speed transit tunnels.
Now it seems that Musk could be setting his sights on disrupting the multibillion-dollar tequila industry, On Oct, 12, he tweeted “Teslaquila coming soon” and an accompanying “visual approximation” of a red and white label with the Tesla logo and a caption that stated “100 percent Puro de Agave.”, Not so fast, said Mexico’s Tequila Regulatory Council (CRT), It argued that personalised cufflinks photo the “name ‘Teslaquila’ evokes the word Tequila ., (and) Tequila is a protected word.”..
The CRT keeps tabs on producers to assure they adhere to strict denomination of origin rules, which dictate the spirit must be made in the Mexican states of Guanajuato, Jalisco, Michoacan, Nayarit or Tamaulipas, among other requirements. According to the U.S. Patent and Trademark Office website, Tesla has filed an application to trademark “Teslaquila” as a “distilled agave liquor” and “distilled blue agave liquor.” Similar applications have been filed in Mexico, the European Union and Jamaica.
“If it wants to make Teslaquila viable as a tequila personalised cufflinks photo it would have to associate itself with an authorized tequila producer, comply with certain standards and request authorization from Mexico’s Industrial Property Institute,” said the CRT in a statement, “Otherwise it would be making unauthorized use of the denomination of origin for tequila,” it said, adding that the proposed name “Teslaquila” could make consumers confuse the drink with tequila, Tesla did not respond to several requests for comment..
Other high-profile celebrities have cashed in on tequila’s new-found international appeal, as the sprit moves into the ranks of top-shelf liquors and sheds its image as a fiery booze drunk by desperadoes and frat boys. Last year, Diageo Plc (DGE.L) bought actor George Clooney’s high-end tequila brand Casamigos for up to $1 billion. Other recent deals in the industry include Bacardi Ltd’s BACLTD.UL January deal to buy fine tequila maker Patron Spirits International for $5.1 billion.
(Reuters) - The U.S, aviation regulator denied on Tuesday a report that it had launched a new probe of the safety analyses performed over the years by Boeing Co (BA.N) on its 737 MAX models, following the crash of a Lion Air jet in Indonesia last month, personalised cufflinks photo The Wall Street Journal reported on Tuesday that the Federal Aviation Administration (FAA) was reviewing details surrounding the safety data and conclusions the company previously provided to it as part of certifying 737 MAX 8 and MAX 9 models, “The FAA is not doing a safety probe separate from the ongoing Lion Air accident investigation of which we, the NTSB (National Transportation Safety Board) and Indonesian officials are a part,” the agency said in an emailed statement..