Catch up on the weekend's top five stories with this list compiled by The Fly: 1. PG&E (PCG) is said to be in talks with investment banks about a financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from wildfires, according to Reuters, citing sources. 2. As many as 370,000 Volkswagen (VLKAY) diesel cars could be recalled or pulled off the road in Europe if Germany's transport regulator concludes the company cheated when it fixed polluting vehicles, Bloomberg reported, citing Bild am Sonntag newspaper. The regulator accuses the carmaker of manipulating emissions-related software on vehicles with 1.2-liter engines, the newspaper said. 3. With Apple (AAPL) shares down nearly a third in the past three months and the financial guidance bombshell earlier this year, the burning question turns to what the company can do to spark a turnaround, Tae Kim wrote in this week's edition of Barron's. Apple has hinted that it will act boldly to revive its fortunes, and while flashy takeover candidates like Netflix (NFLX) and Tesla (TSLA) often get mentioned, their elevated valuations and cash burn do not match Apple's love for a high profit margins and financial conservatism, the publication noted. The best fit for the iPhone maker may be Nintendo (NTDOY), as both companies have similar attributes like mountains of cash, gushing profits, beloved brands, loyal customers, and sticky ecosystems of software and services, Barron's added. 4. STXfilms' "The Upside" beat AT&T (T) subsidiary Warner Bros' "Aquaman" over the weekend with $19.6M. This was the first time a tittle from STX has opened at number 1, as well as marking the second-biggest debut for STX behind 2016's "Bad Moms" with $23.8M. The film earned an A CinemaScore and sports a 39% Rotten Tomatoes score. 5. Bristol-Myers Squibb (BMY), Estee Lauder (EL), Expeditors International of Washington (EXPD), Nike (NKE), Starbucks (SBUX), Texas Instruments (TXN), Tractor Supply (TSCO), Visa (V), and A.O. Smith (AOS) saw positive mentions in Barron's.
