Reuters: Company News

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• UPDATE 2-California governor rejects PG&E bankruptcy reorganization plan

  California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp, the state's largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law.

• California governor rejects PG&E bankruptcy reorganization plan

  California Governor Gavin Newsom on Friday rejected the bankruptcy reorganization plan submitted by PG&E Corp, the state's largest investor-owned utility, saying the proposal fails to comply with a recently enacted state wildfire law.

• California governor to decide on PG&E bankruptcy plan

  California Governor Gavin Newsom was expected to decide late on Friday whether a bankruptcy reorganization plan submitted by PG&E Corp, the state's largest investor-owned utility company, complies with a recently enacted state wildfire law.

• Canadian regulator dismisses Catalyst request for cease trade order on Hudson's take private deal

  Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of Hudson's Bay.

• Vector files for bankruptcy, says Lockheed Martin seeks to buy assets

  Sequoia Capital-backed Vector Launch Inc filed for bankruptcy on Friday and said in court filings that Lockheed Martin Corp plans to purchase its satellite technology assets and give it a $2.5 million loan so it can continue to operate.

• Canada Jetlines enters into LOI with GLOBALX

  Canada Jetlines Ltd said on Friday it has entered into a letter of intent (LOI) with U.S. based charter airline Global Crossing Airlines (GLOBALX) for a business combination.

• UPDATE 4-U.S. Supreme Court takes up Trump bid to shield financial records

  The U.S. Supreme Court on Friday agreed to hear President Donald Trump's appeals in three separate cases to prevent his financial records, including tax returns, being handed over to Democratic-led House of Representatives committees and a New York prosecutor.

• UPDATE 1-U.S. Justice Dept preparing legal action against Live Nation -source

  The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.

• CORRECTED-BRIEF-Live Ventures Says Unit Filed Chapter 11 Case In U.S. Bankruptcy Court For Southern District Of New York

  * LIVE VENTURES - ON DEC 9, UNIT FILED A CHAPTER 11 CASE IN UNITED STATES BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF NEW YORK - SEC FILING Source: (http://bit.ly/2rLXF3z) Further company coverage:

• Pension fund sues Icahn alleging he bought HP stake knowing Xerox's bid plan- Bloomberg

  A shareholder of Xerox Holdings Corp has sued activist investor Carl Icahn alleging that he bought HP Inc shares with the knowledge that the printer maker was considering buying the stock at a premium, Bloomberg reported on Friday.

• WPX in talks to buy Felix's oil and gas assets for $2.5 bln - BBG

  WPX Energy Inc is in talks to buy the oil and gas assets of closely held Felix Energy for about $2.5 billion, Bloomberg reported on Friday citing people familiar with the matter.

• UPDATE 1-Google, Apple asked if apps like TikTok must disclose foreign ties

  The chair of a U.S. congressional panel wrote to Alphabet's Google and to Apple on Friday to ask what if any disclosures mobile apps are required to make regarding overseas ties, a concern that follows reports of Chinese investment in popular apps such as TikTok and Grindr.

• UPDATE 2-Amarin raises revenue forecasts after getting OK to promote Vascepa heart benefits

  U.S. health regulators on Friday approved expanding the heart benefit claims Amarin Corp can make in promoting its drug Vascepa to include reducing the risk of heart attacks and strokes in high-risk patients, opening a multibillion-dollar market opportunity.

• U.S. agriculture wary of Trump's China sales pledge, more meat a must

  U.S. farmers and traders were reluctant to celebrate news of an interim U.S.-China trade deal on Friday, saying it remained unclear how China would manage to buy another $32 billion of additional farm products over two years as promised.

• UPDATE 1-Bristol-Myers wins $752 million in U.S. patent case against Gilead

  Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technology for treating cancer.

• UPDATE 1-NBCUniversal CEO Steve Burke to step down next year

  NBCUniversal Chief Executive Steve Burke will step down next year and be replaced by NBCUniversal Film and Entertainment Chairman Jeff Shell, a source familiar with the matter said on Friday.

• U.S. Army extends deadline to apply for rare earths project financing

  The U.S. Army has extended by one week the deadline to apply for rare earths processing facility financing, the third deadline extension of a program intended to help Washington secure domestic supply of the minerals used to make military weapons.

• Morgan Stanley CEO says no immediate plans to step down

  Morgan Stanley Chief Executive Officer James Gorman has no immediate plans to step down and is developing a strong second rung of leadership, the Wall Street banker told CNBC on Friday.

• UPDATE 3-First Quantum begins arbitration against Zambian state miner

  * Legal proceedings follow other cases involving Zambia (Updates share price, adds earlier case settled)

• Jamie Dimon denounces "racism and hate in any form" in memo to staff

  JPMorgan Chase & Co Chief Executive Officer Jamie Dimon told employees that he's "disgusted by racism and hate in any form" after a New York Times report detailed instances of racial discrimination at some of the bank's branches.