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NEW YORK (AP) — Pacific Gas & Electric says its equipment may have ignited the 2018 Camp Fire, which killed 86 people and destroyed an entire town in Northern California.The embattled utility, which filed for bankruptcy protection in January, said Thursday it's taking a .5 billion charge for claims connected to the Camp Fire in its fourth quarter earnings.The cause of the Camp Fire, the deadliest in California history, is still under investigation. But firefighters located the start of the fire near a tower on PG&E's Caribou-Palermo transmission line. PG&E says that transmission line lost power right before the fire and was later found to be damaged."We recognize that more must be done to adapt to and address the increasing threat of wildfires and extreme weather in order to keep our customers and communities safe," said John Simon, interim CEO of PG&E, in a statement. "We are taking action now on important safety and maintenance measures identified through our accelerated and enhanced safety inspections and will continue to keep our regulators, customers and investors informed of our efforts."PG&E also recorded a new billion charge related to the 2017 wildfires in Northern California, saying it still estimates it is facing wildfire liabilities in excess of billion.Citing extraordinary challenges from wildfires, PG&E's management concluded the circumstances "raise substantial doubt about PG&E Corporation's and the Utility's ability to continue as going concerns."PG&E also said there was an outage and downed wires in another location, called Big Bend, that morning. While fire officials have identified the second location as another potential ignition point of the Camp Fire, PG&E said it's unsure if that problem might have ignited the fire.The Caribou-Palermo transmission line has been out of service since mid-December, and inspections have identified equipment that needs repair or replacement, the company said. 1997

North Korea has threatened to abandon planned talks between leader Kim Jong Un and US President Donald Trump in June if Washington insists on pushing it "into a corner" on nuclear disarmament.A statement published by the state-run Korea Central News Agency (KCNA) said North Korea would never accept economic assistance from the US in exchange for unilaterally abandoning its nuclear program.Kim Kye Gwan, North Korea's First Vice Minister of the Ministry of Foreign Affairs, was quoted in the article as saying "the US is talking about giving us economic rewards and benefits when we give up nuclear weapons.""We have never built our economy expecting things from the US and will never do such a deal in the future," he added.If the Trump administration was "genuinely committed" to improving ties with Pyongyang, "they will receive a deserving response," Kim said. "But if they try to push us into a corner and force only unilateral nuclear abandonment, we will no longer be interested in that kind of talks and will have to reconsider ... the upcoming summit."  1077

New Mexico Democrat Deb Haaland and Kansas Democrat Sharice Davids became the first Native American women elected to Congress this week.Davids identifies as a lesbian, making her the first openly LGBT member of Congress from Kansas. She will enter Congress as a lawyer and a former mixed martial arts fighter.They are not alone in creating history: the first Muslim women, Rashida Tlaib (a Michigan Democrat) and Ilhan Omar (a Minnesota Democrat) were also elected to US Congress. Tlaib is endorsed by the Democratic Socialists of America, a burgeoning left-wing group that also counts New York Democratic congressional nominee Alexandria Ocasio-Cortez among its members.Omar, in addition to being one of the first Muslim women in Congress, will also be the first Somali-American member. She came to the US more than two decades ago as a refugee. Tlaib actually campaigned with Omar ahead of the latter's primary race earlier this year.In Colorado, Democratic US Rep. Jared Polis will be the state's next governor, becoming the nation's first openly gay man elected to a governor's mansion.During his gubernatorial bid, Polis has pushed for universal health care, free early childhood education and progressing Colorado to a 100% renewable energy state.This election also saw an age record set: New York Democratic congressional nominee Alexandria Ocasio-Cortez won her general election race easily and became the youngest woman ever in Congress.Having turned 29 last month, Ocasio-Cortez inched out the previous holder of the distinction, New York Democratic Rep. Elise Stefanik, who was elected to Congress at age 30.  1673

NEW YORK (AP) — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. It was the biggest drop in seven months, and a steeper decline than Wall Street analysts had expected. The Commerce Department on Wednesday also revised October’s report, saying that retail sales fell 0.1% that month, instead of rising 0.3% as it previously reported. Retailers had tried to get people to shop early, with Amazon, Best Buy, Walmart and others offering holiday deals in October.The report points to a weak start to the all-important holiday shopping season, which can usually account for a quarter or more of a retailer’s annual sales. Black Friday was also a bust. Typically one of the busiest shopping days of the season, shoppers mostly stayed home after health officials warned people not to shop in person, and retailers followed suit by putting their best deals online. Half as many people shopped inside stores this Black Friday than last year, according to retail data company Sensormatic Solutions.“It will take a miracle to keep retail sales positive in December,” said Chris Rupkey, chief financial economist at global financial group MUFG.It is also another sign that the pandemic is slowing the U.S. economy as stores face tighter restrictions and people stay away home. 1475

NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, the latest retailer to do so during the pandemic. Ascena Retail Group, which operates nearly 3,000 stores mostly at malls, has been dragged down by debt and weak sales for years. In a press release, the company said they were closing all of their plus-size stores Catherines.The company also said in the release that they plan to "strategically reduce its footprint with the closing of a significant number of Justice stores and a select number of Ann Taylor, LOFT, Lane Bryant, and Lou & Grey stores."It joins other retailers that have filed for bankruptcy in recent weeks, including Brooks Brothers, Neiman Marcus, J.C. Penney, and J. Crew. These retailers were already struggling with poor sales, but the forced closure of stores in March to reduce the spread of the coronavirus put them further in peril. Experts believe that there will be another wave of bankruptcies this fall that will include companies that had been healthy before the pandemic struck. 1076