Financial news on January 29, 2019

Business and Financial news
Apple Says Profits Were Flat, Citing Slump in China

The iPhone maker, which reported quarterly earnings, faces a number of issues, from consumer demand in China to an unusual security bug in its iPhone software. Read more..

By JACK NICAS - The New York Times

California’s Largest Utility Says It Is Bankrupt. Here’s What You Need to Know.

Pacific Gas and Electric has filed for Chapter 11 bankruptcy protection. The state’s wildfires are at the heart of its insolvency. Read more..

By ZACH WICHTER - The New York Times

FaceTime Bug Lets iPhone Users Eavesdrop, in a Stumble for Apple

A glitch in the video and audio calling app, which the company says it will fix, can turn the device into one perhaps better suited for espionage. Read more..

By BRIAN X. CHEN - The New York Times

Huawei and China, Facing U.S. Charges, Have Few Ways to Retaliate

Slowing growth and the trade war could restrict Beijing’s ability to get tough. Huawei has shuffled its Washington staff, apparently seeking a reset in relations. Read more..

By PAUL MOZUR and RAYMOND ZHONG - The New York Times

In Taiwan, an Invitation to a ‘Living Room’ for Culture

The National Kaohsiung Center for the Arts has brought world-class performances to a city long derided by Taiwanese as a “cultural desert.” Read more..

By CHRIS HORTON - The New York Times

PG&E’s Bankruptcy Filing Creates ‘a Real Mess’ for Rival Interests

A move by California’s largest electric utility, anticipating billions of dollars in damage claims, leaves wildfire victims, ratepayers, investors, creditors and suppliers to battle over a plan. Read more..

By IVAN PENN - The New York Times

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York. Read more..

By ROSALIE R. RADOMSKY - The New York Times

The Lonely, and Often Risky, Pursuit of R. Kelly: ‘Where Was Everybody Else?’

The work of Jim DeRogatis and Dream Hampton on the accusations against the R&B star began years apart. Now that it seems the public is listening, they have a sense of satisfaction — and security concerns. Read more..

By BEN SISARIO - The New York Times

Who Wins and Who Loses From PG&E’s Bankruptcy

The California utility’s bankruptcy filing sets up a complicated legal case that could raise electricity rates and hurt power suppliers while generating hundreds of millions in lawyers’ fees. Read more..

By PETER EAVIS - The New York Times

See what else happened on January 29, 2019