LA Councilman Mitchell Englander speaks with protesters outside his Chatsworth office before meeting with Neighborhood Council representatives and a developer that is planning a mixed-use project that includes 440 apartments in Granada Hills on Friday, Jan. 13, 2017. The project will replace a shopping center at the corner of San Fernando Mission Boulevard and Woodley Avenue in Granada Hills.
Day: January 13, 2017
How the Department of Energy plans to clean up toxic Santa Susana Field lab
Visitors make their way by the remains of VTS-1 at the Santa Susana Field Lab Thursday, August 12, 2010. Many community members and former Rocketdyne employees were on hand for the tour.
Home Sales Surge
John Bowman of Old Dominion Realty shows a late-18th century house in Port Republic to David Shank of Mount Crawford and Marta Ruiz, 16, a Spanish foreign exchange student the Shanks are hosting. John Bowman of Old Dominion Realty shows a late-18th century house in Port Republic to David Shank of Mount Crawford and Marta Ruiz, 16, a Spanish foreign exchange student the Shanks are hosting.
5G spectrum squatting case ends in $100M FCC fine
The FCC has fined a company US$100 million for not using licenses to spectrum that is now considered promising for future 5G networks. Straight Path Spectrum agreed on Wednesday to pay the civil penalty, surrender most of its licenses, and sell the rest, among other conditions in a consent decree with the U.S. Federal Communications Commission.
Staying Safe During an Ice Storm, Winter Weather
As per Federal Communications Commission Regulations following is certified: Platte River Radio Inc. does not discriminate in the sale of commercial time, and will not accept advertising which, in its sole opinion, is purchased with intent to discriminate unlawfully on the basis of race, gender, or ethnicity. The advertiser hereby certifies that its purchase of commercial time is not made for an unlawful discriminatory purpose, including specifically that it is not based upon a decision to place advertising on a station on the basis of race, gender, or ethnicity.
Report: Cal hires Wilcox as football coach
Wisconsin defensive coordinator Justin Wilcox has reportedly agreed to a five-year contract and will be the new football coach at Cal. Wilcox, 40, replaces Sonny Dykes whose offense-rich, defense-poor four-year run at Berkeley ended after this season’s 5-7 showing.
How one womana s fight could help workers decades after Santa Susana radiation exposure
Bonnie Klea, a former secretary for the Department of Energy who worked at the Santa Susana Field Lab, recently scored a victory on behalf of thousands of workers. Based on documents Klea filed beginning in 2007, the federal government decided that those who were employed by the DOE to work at the Santa Susana Field Lab and related offices from 1948 to 1988 should be compensated for illnesses they may have suffered as a result of working there.
Residents rip plan for towering apartment complex in Granada Hills
LA Councilman Mitchell Englander speaks with protesters outside his Chatsworth office before meeting with Neighborhood Council representatives and a developer that is planning a mixed-use project that includes 440 apartments in Granada Hills on Friday, Jan. 13, 2017. The project will replace a shopping center at the corner of San Fernando Mission Boulevard and Woodley Avenue in Granada Hills.
Rain at J.P. Morgan Health Meeting Is a Tonic for Hotel Revenue
At this year’s annual meeting of health-care executives and investors in San Francisco, an industry criticized over the high prices of its drugs got a taste of its own medicine. The four-day J.P. Morgan Healthcare Conference, known more for speed-date meetings and deals than actual presentations, this year packed thousands of investors, bankers and executives into the rain-soaked Union Square neighborhood.
Jobless Claims and Trimming GLD: Best of Kass
In highlights from this week’s trading diary and posts, Kass tells us about how he’s selling some Allergan shares and how he feels about the jobless claims. Doug Kass fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
Risking Downgrades; Valuing Banks on Earnings: Jim Cramer’s Best Blog
Jim Cramer ponders how too few stocks are doing too much in the Dow’s race to 20,000 and how there isn’t enough GANG to go with all the FANG. Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
5G spectrum squatting case ends in $100M FCC fine
The FCC has fined a company US$100 million for not using licenses to spectrum that is now considered promising for future 5G networks. Straight Path Spectrum agreed on Wednesday to pay the civil penalty, surrender most of its licenses, and sell the rest, among other conditions in a consent decree with the U.S. Federal Communications Commission.
Wells Fargo Plans to Close More Than 400 Branches Through 2018
Wells Fargo & Co. plans to close more than 400 branches in the next two years as the lender seeks to trim about $2 billion in costs by the end of 2018, Chief Financial Officer John Shrewsberry said.
Moody’s Settles Financial Crisis RMBS and CDO Ratings Allegations for Nearly $864 Million
The ratings agency’s fine is the second-largest ever paid to the federal government, after rival S&P’s similar settlement in 2015. Moody’s Investors Service and Moody’s Analytics , the credit rating and credit analysis businesses of Moody’s , will pay a fine totaling nearly $863.8 million to settle misconduct allegations regarding the company’s ratings during the buildup to the 2008 financial crisis.
What if Banks Were Valued on Earnings Instead of Fines?: Jim Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. What if banks were valued on earnings instead of how many fines the government imposed this quarter? Turns out, that’s exactly what happened Friday as JPMorgan Chase kicked off earnings season for the financials.
Numbers everyone should know
Some numbers matter more than others. How much you make is important, for example, but your financial health depends far more on how much you keep.
Nintendo Just Threw a Top-Secret Party to Hype the New Switch
The new Nintendo Switch game console will be released on March 3 for $299. Pros for the console, aside from the nostalgia is its portability , adaptability and functionality .
Brexit: MPs urge May to clarify trade aims before talks
Theresa May must spell out whether she wants the UK to remain in the single market and customs union, before Brexit talks begin, MPs have said. The Commons Brexit committee said the PM should “declare her position” by the middle of February to allow sufficient time for scrutiny.
DIARY-Top Economic Events to Feb. 22
ECB Board Member Yves Mersch will deliver a speech at the farewell ceremony for Bank of Finland Deputy Governor Pentti Hakkarainen in Helsinki – 1230 GMT. PARIS – ECB Board Member Peter Praet will participate in a panel discussion on “How to deal with potential secular stagnation?” at the conference “Secular Stagnation and Growth Measurement” organised by Banque de France in Paris – 2115 GMT.
Photos: First Look at Amazon’s New Barnes & Noble Killer
Amazon plans to open its first New York City bookstore in Manhattan’s Time Warner Center, the online retailing giant said late Wednesday . The 4,000-square-foot location is scheduled to swing opens its doors in the spring inside a sprawling complex that also houses several upscale restaurants and a Coach store.
Week in Review: Nasdaq Brushes Aside Trump-Triggered Selloff in Biotech
The Nasdaq ended the week with a record close in four out of five trading days, even when under assault by a selloff in biotech stocks. Despite an assault by a selloff in biotech stocks, the Nasdaq ended the week with a record close in four out of five trading days.
Is LG about to launch a round Android Wear 2.0 smartwatch?
LG is getting ready to unveil the LG G6 at Mobile World Congress next month, but it looks like that’s not all we can expect from the company. An Android Wear device from LG recently passed through the US Federal Communications Commission , and according to images and details in the FCC documents, it appears to have round display and standalone LTE connectivity.
Boots recalled because their tread leaves swastika imprints
A California shoe company has recalled a pair of combat boots after customers complained that the tread leaves swastika stamps on the ground. The faux pas was brought to the attention of Conal International Trading Inc., a company in the City of Industry that manufactures the lace-up boots, after a Redditor posted a picture on Imgur showing the footwear alongside its swastika imprints.
Russian Hill Gothic Tudor formerly owned by Nicolas Cage asks…
Right next to the cable car track in Russian Hill sits 898 Francisco St., a 1914 Gothic Tudor formerly owned by Face/Off and Con Air star Nicolas Cage. As Curbed explains , the actor paid $9.4 million for the house and an adjacent vacant lot in 2006, though it’s unclear if he ever actually lived in it.
Iconic Publisher Time Poised to Begin Talks With Potential Buyers
The company’s board will open talks with potential acquirers, setting the stage for a likely sale of the publisher of Fortune, People and Sports Illustrated. After months of speculation, Time ‘s board is planning to hold talks that could lead to a sale of the media company, publisher of such popular titles as Fortune , People and Sports Illustrated , a source close to the matter said.
Stock picks for Trump era
The S&P 500 returned +1.82% in the fourth quarter of 2016 and 9.54% for the year-to-date. The year-to-date return of 9.54% is impressive given that market pundits had predicted a fall in stocks on a Trump win.
US rig count down 6 this week to 659
The number of rigs exploring for oil and natural gas in the U.S. declined by six this week to 659. A year ago, 650 rigs were active.
Takata To Pay $1 Billion In Fines Over Faulty Airbags
Japanese auto parts company Takata agreed to pay $1 billion in criminal fines and plead guilty to federal wire fraud charges in a settlement over a deadly defect in its airbags that prompted a massive recall. “Automotive suppliers who sell products that are supposed to protect consumers from injury or death must put safety ahead of profits,” U.S. Attorney Barbara McQuade said in a statement.
Tiffany Gains as Wells Fargo Sees Improved Luxury Good Demand
Tiffany stock rose 1.70% to $81.92 in Friday’s trading session after Wells Fargo upgraded shares to “market perform” from “underperform” on signs of improving demand for luxury goods. The firm pointed to Richemont’s better-than-expected third-quarter sales , noting that the global luxury retail market appears to have bottomed in the first half of 2016.
UnitedHealthcare’s Fourth-Quarter Earnings May Bring This
Health insurance giant, UnitedHealthcare Group is set to report earnings for the fourth quarter of fiscal year 2016 on Tuesday, and analysts expect its acquisition of Surgical Care Affiliates to be centerstage. “The new development will be this acquisition of Surgical Care Affiliates,” he said by phone Friday.
Walmart C-Suite Takes Another Hit as Uphill Battle with Amazon Rages On
Walmart Stores will reportedly promote several executives from its recently acquired Jet.com e-commerce business, as it continues a push to bolster its e-commerce offerings and compete with Amazon.com . According to an internal memo first obtained by Bloomberg, Walmart’s e-commerce CEO, Jet’s Marc Lore , announced that Jet’s chief revenue officer, Scott Hilton, will become the chief revenue officer for all of Walmart’s e-commerce operations.
Nasdaq Scores Another Record as Banks Kick Off Earnings Season
The Nasdaq secured another record close on Friday afternoon, its fourth this week, as positive earnings from big banks kicked off the reporting season in style. The Nasdaq secured another record close on Friday afternoon, as positive earnings from big banks kicked off the reporting season in style.
Wells Fargo CFO Shrewsberry: ‘I Wouldn’t Expect a Pivot Right Now’
Wells Fargo missed on the top and bottom line for the 2016 fourth quarter as it deals with the fallout over its accounts scandal. Wells Fargo investors are going to have to be patient as the bank implements its new compensation structure that is more customer focused rather than sales focused, CFO John Shrewsberry said on CNBC’s “Closing Bell” on Friday afternoon.
How Symantec, FireEye, Cisco and Others Could Fit into Trump’s Cybersecurity Plan
As new Trump adviser Rudy Giuliani puts together a cyber security plan for the incoming administration, he has made it clear that the private sector will be part of the strategy. Companies like Symantec , FireEye , Cisco , Proofpoint , Splunk and BlackBerry could all play a larger role in the nation’s defenses.
Cramer: Trump Could Make Caterpillar Great Again
Caterpillar is one of a few stocks ideally positioned to benefit from President-elect Donald Trump’s $500 billion “Make America Great” infrastructure plan, Jim Cramer says. “I believe that [the] infrastructure situation that Trump is talking about will uniquely play in the Caterpillar’s hands,” Cramer said Wednesday during an exclusive monthly call with members of his Action Alerts PLUS investing club.
Why You’re Going to See A Lot More Medical Bankruptcy Without Obamacare
Daniel Gershburg , owner of Gershburg Law P.C. a consumer bankruptcy firm based in New York, has seen his fair share of medical bankruptcies prior to Obamacare but none after its inception. He was kind enough to share his thoughts on what’s coming down the pipeline and the future of healthcare affordability after an Obamacare repeal .
Yum Brands Is on the Verge of a Breakout, but There’s a Catch
Read to the end to see the price level we think is significant. YUM just needs some more convincing volume to get me to place my order.
Surge From Bank Earnings Doesn’t Last
A positive reaction to earnings from three big banks had the market off to a good start, but the bulls couldn’t generate much additional energy. Breadth was quite good at around 2-to-1, but the indices stayed in a range all day and there were quite a few fades in individual stocks.
Boston Scientific’s Upgrade May Lead to Breakout
We concluded, “This long-term Point and Figure chart, above, shows a long decline, a base and a recovery. A move above $24 on this chart opens the way for a $31 price target.
5 Companies That Had A Rough Week
Topping this week’s roundup of companies that had a rough week is Dimension Data, which continues to see an exodus of executives from the systems integrator’s top management ranks. Also making the list this week were Apple, which faces a revived anti-trust lawsuit; ZTE, which is reportedly slashing jobs as its handset business struggles in China; AT&T and Verizon, which the Federal Communications Commission said this week are in violation of net neutrality rules; and Adobe, which hustled to fix 42 security vulnerabilities in its software this week.