PG&E Slumps After Scrutiny Over California Wildfires Escalates

PG&E Slumps After Scrutiny Over California Wildfires Escalates: (Bloomberg) -- Utility giant PG&E Corp. is once again coming under the spotlight for its role in California’s wildfires, sending its shares falling the most in a week. Regulators threatened to heighten enforcement action against the company for its track record of safety lapses, while a federal judge is probing its role in starting the second biggest-wildfire in the state’s history, which has been raging for more than a month. PG&E shares dropped as much as 4.1% Thursday, the most since Aug. 12.