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Homeless shelters break ground in Palo Alto, Richmond

Published Wed, 26 Feb 2025 18:08:37 GMT

Construction is underway on two new homeless shelters in the Bay Area — a prefabricated project in Palo Alto for more than 200 people and a tiny home village in Richmond for more than a dozen young adults.At a groundbreaking ceremony this week for the Palo Alto site, Santa Clara County Supervisor Joe Simitian applauded the project planned for near the Baylands at 1237 San Antonio Road as a crucial step toward bringing more of the county’s nearly 10,000 homeless residents indoors.“We know interim shelter is only part of the solution, but we can’t allow folks to remain on our streets while they wait for permanent housing,” Simitian said in a statement.The facility, with 88 “modular” units resembling shipping containers, is expected to open by early 2025, officials said. It’s estimated to cost around $37 million, with $22 million coming from California’s $3.75 billion Homekey homeless housing program.The rest of the money is being p...

Wildfire in Canyon prompted evacuation warning overnight Thursday

Published Wed, 26 Feb 2025 18:08:37 GMT

CANYON, Calif. (KRON) -- A structure fire in the unincorporated Contra Costa County community of Canyon prompted an evacuation warning overnight Thursday as fire crews worked to contain the blaze.The structure fire was reported at 10:30 p.m., according to Moraga-Orinda Fire District Fire Marshal Jeff Isaacs, and the first crews at the scene found a structure fully engulfed in flames. The blaze spread to nearby vegetation, which turned into a half-acre to an acre of wildfire, Issacs said.Due to the threat of the wildfire, an evacuation warning was issued for Canyon residents, according to fire officials. The warning was rescinded as the fire came under control.No injuries have been reported. 3 hospitalized in Antioch Hobby Lobby hazmat situation Issacs said that downed power lines, narrow roads and limited water supplies initially hampered fire suppression efforts.A “significant dispatch” of Moraga-Orinda Fire District firefighters, assisted by Cal Fire, the East Bay Regional Park ...

Self-confessed Oakland drug dealer facing 20 years to life in prison

Published Wed, 26 Feb 2025 18:08:37 GMT

(BCN) -- A self-confessed drug dealer from Oakland is facing 20 years to life in prison for selling various illegal drugs in San Francisco, federal prosecutors said.Melvin Alexis Diaz Arteaga, 28, admitted he possessed and intended to sell 6.6 kilograms, or about 15 pounds, of fentanyl along with amounts of methamphetamine, heroin, cocaine and other illegal substances, the U.S. Attorney's Office for the Northern District of California said in a statement Wednesday.Diaz was arrested outside an apartment in Berkeley on Nov. 16, 2022. According to his plea agreement, which was accepted on Oct. 26, Diaz admitted using the same Berkeley apartment to make and store large amounts of drugs for sale in the Tenderloin district, among other areas. Wildfire in Canyon prompted evacuation warning overnight Thursday Prosecutors said more than $50,000 in cash was seized by officers on the night of his arrest, including nearly $42,000 found in his bedroom. Diaz admitted he got the money from drug ...

Kathy Hochul’s Israel Trip Bankrolled by Group Funding Illegal Settlements

Published Wed, 26 Feb 2025 18:08:37 GMT

After her “solidarity mission” following the October 7 Hamas surprise attack, New York Gov. Kathy Hochul initially declined to say who covered the cost for the journey to Israel. Her administration would only say it was a “nonprofit that works with the Jewish community.”Last week, Hochul’s office relented, telling reporters that the funder was the UJA-Federation of New York, a Jewish philanthropy that has supported dozens of similar trips for elected officials, including, recently, New York City Mayor Eric Adams. Citing a delay in a state ethics office review, Hochul’s office said it would cover the $12,000 cost after all. UJA-Federation of New York belongs to a sprawling network of tax-exempt charities under the umbrella of the Jewish Federations of North America, or JFNA. In addition to funding Jewish community groups, federation chapters have also been accused of sending millions in tax-exempt dollars to organizations that support Israel’s illegal settlement program in the o...

Stock market today: Wall Street keeps climbing on hopes for halt to rate hikes, joining global rally

Published Wed, 26 Feb 2025 18:08:37 GMT

NEW YORK (AP) — Wall Street is tacking more gains onto its rally from the day before on hopes the Federal Reserve may finally be done with its market-crunching hikes to interest rates. The S&P 500 was 0.9% higher Thursday. The Dow was up 212 points, and the Nasdaq composite was 1.2% higher. Stocks around the world rallied after the Federal Reserve late Wednesday hinted that a recent jump in Treasury yields may be acting like a rate-hike substitute. The 10-year yield fell further Thursday, releasing pressure that had built on Wall Street. Reports on the U.S. economy also offered hope for momentum pulling down on inflation. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.(AP) — Wall Street pointed toward early gains Thursday after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on the economy. Futures for the Dow Jones industrials rose 0.4% before the bell and the S&P 500 ticked 0.6% higher.Fed Chair Jerome Powell said Wednesda...

Cencora: Fiscal Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 18:08:37 GMT

CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Cencora, Inc. (COR) on Thursday reported fiscal fourth-quarter net income of $350.6 million.On a per-share basis, the Conshohocken, Pennsylvania-based company said it had profit of $1.72. Earnings, adjusted for amortization costs and restructuring costs, were $2.86 per share.The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.The prescription drug distributor posted revenue of $68.92 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $66.57 billion.For the year, the company reported profit of $1.75 billion, or $8.53 per share. Revenue was reported as $262.17 billion.Cencora expects full-year earnings in the range of $12.70 to $13 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zac...

Paramount Resources: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 18:08:37 GMT

CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Paramount Resources Ltd. (PRMRF) on Thursday reported profit of $65 million in its third quarter.The Calgary, Alberta-based company said it had profit of 44 cents per share.The oil and natural gas company posted revenue of $321.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRMRF at https://www.zacks.com/ap/PRMRFSource

Top Md. Democrats mobilizing to compete for newly open congressional seat, while GOP sees opportunity

Published Wed, 26 Feb 2025 18:08:37 GMT

Less than a week after U.S. Rep. John Sarbanes’ surprise announcement that he would not seek a 10th term, several high-profile Democrats are mobilizing to try to replace him, and Republicans believe the Democratic congressman’s decision could put his 3rd District seat into play for the first time in decades.Two rising stars in the Maryland General Assembly, House Ways and Means Committee Chair Vanessa E. Atterbeary (D-Howard) and state Sen. Sarah K. Elfreth (D-Anne Arundel), told Maryland Matters this week that they plan to compete in the Democratic primary next May. Howard County Executive Calvin Ball (D) is among the political leaders who is also seriously contemplating entering the contest.Sarbanes’ looming retirement opens up a rare congressional vacancy in the state. With the primaries half a year away, Democrats and Republicans have just weeks to decide if it is the right opportunity for them.“There could be a dozen, maybe two dozen candidates,” s...

Montgomery Co. officer struck on I-270 is in ‘phenomenal spirit,’ police chief says

Published Wed, 26 Feb 2025 18:08:37 GMT

Montgomery County Police Sgt. Patrick Kepp was attempting to stop a suspected drunk driver when he was struck, police said. (Courtesy Montgomery County police/WTOP) Montgomery County Police Sgt. Patrick Kepp was attempting to stop a suspected drunk driver when he was struck, police said. (Courtesy Montgomery County police/WTOP) A police officer from Montgomery County, Maryland, wants to get back to work, even after the job cost him his legs.Sgt. Patrick Kepp was hit by a car driven by a teen driver running from police on Interstate 270 on Oct. 18. His legs had to be amputated as a result of the injuries, but that is not dampening his spirit, law enforcement officials said on Wednesday.“Sgt. Pat Kepp is in really p...

Allegiant Travel: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 18:08:37 GMT

LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Thursday reported a loss of $25.1 million in its third quarter.The Las Vegas-based company said it had a loss of $1.44 per share. Earnings, adjusted for non-recurring costs, were 9 cents per share.The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.The travel services company posted revenue of $565.4 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $583.7 million.Allegiant Travel expects full-year earnings in the range of $7.75 to $8.50 per share.Allegiant Travel shares have dropped 3% since the beginning of the year. The stock has fallen 13% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGT at https://www.zacks.com...