The daily business briefing: January 29, 2019

PG&E files for bankruptcy protection, Apple works on a fix for a FaceTime bug, and more

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1. PG&E files for bankruptcy protection

PG&E, owner of the nation's largest power utility, filed for Chapter 11 bankruptcy protection on Tuesday to help it deal with crushing liabilities linked to Northern California wildfires in 2017 and 2018. The utility's transmission lines are suspected of starting last year's Camp Fire, although an investigation is still ongoing. That fire killed 86 people and destroyed nearly 14,000 homes. Damage claims from that fire total $8.4 billion. PG&E said in a statement on its website that it expects no disruption in its services due to the bankruptcy process. "We are continuing to provide safe and reliable electric and natural gas service. We are not 'going out of business,'" the company said.

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