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UPDATE 7-Regulator 'stunned and terrified' after causing PG&E stock surge

The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes. PG&E's stock had slumped over 60 percent since the state's deadliest-ever wildfire broke out last week on fears that without help from Calif

EMERGING MARKETS-Latam FX gains against weak dollar, Mexican stocks snap losing run

Latin American stocks and currencies soared on Friday to more than one-week closing highs, aided by a soft dollar, with assets in Brazil and Mexico putting in particularly strong showings. The greenback weakened as markets perceived U.S. Federal Reserve Vice Chair Richard Clarida's comments that U.S. interest rates were nearing Fed estimates of a neutral rate as dovish. MSCI's indexes of L

Drug developer Tesaro explores sale - Bloomberg

Cancer drug developer Tesaro Inc is exploring a sale and is working with financial advisers after receiving takeover interest, Bloomberg reported on Friday, citing people familiar with the matter.

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