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By Rory Carroll SAN FRANCISCO (Reuters) - The California Public Utilities Commission on Tuesday levied penalties of a record $1.4 billion on Pacific Gas and Electric Co, stemming from the deadly 2010 San Bruno natural gas pipeline rupture and fire near San Francisco. This is the largest safety-related penalty ever imposed by the commission, dwarfing a $38-million fine for PG&E over a 2008 natural gas explosion in Rancho Cordova, California, the agency said. ...
TALLINN, Estonia (AP) — Confronted by a Kremlin-backed military offensive in Ukraine, President Barack Obama and Western allies will approve plans this week to position at least 4,000 troops and military equipment in Eastern Europe, bolstering NATO's security commitments to nervous member states near the Russian border.
SEOUL, South Korea (AP) — Asian stock markets rose Wednesday, lifted by new signs of strength in the U.S. economy and expectations that Europe's central bank will provide more support to the flagging region.