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30 июля, 2010 21:56
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Three face fraud charges in Caltrans bribery case
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The US Attorney’s office in Sacramento announced that it has indicted three people on charges of bribery, bid rigging and fraud in relation to contracts with the California Department of Transportation Clint Gregory of Sacramento, a senior transportation engineer supervisor for Caltrans District 10 in Stockton, was indicted by a federal grand...
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30 июля, 2010 21:56
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Разное
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Golden 1 names interim CEO
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The Golden 1 Credit Union’s Board of Directors at its meeting Thursday named Donna Bland as interim chief executive officer of the credit union effective immediately And the board, for the time being, isn’t searching for a new CEO A 16-year veteran of The Golden 1, Bland is its chief financial officer and a senior vice president She is...
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30 июля, 2010 21:56
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Разное
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State suspends payments for Railyards project in Sacramento
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A California agency has halted payments on $78 million in state bond funds awarded to The Railyards project in downtown Sacramento, due to developer Thomas Enterprises Inc’s defaults on $186 million in debts on the project The Department of Housing and Community Development awarded the funds to The Railyards in four separate grants under a highly...
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30 июля, 2010 21:56
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Разное
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Sacramento-area father, son charged with embezzlement, fraud
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A father and son from the Sacramento region have been charged with stealing more than $16 million from clients of their company, according to Attorney General Jerry Brown Thomas Rodine, 56, of Carmichael, and Dustin Rodine, 28, of Citrus Heights, are each charged with three counts of embezzlement and one count of submitting fraudulent claims to the...
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30 июля, 2010 21:56
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Разное
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Federal officials deny California’s sale of EdFund
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The state of California’s attempt to sell of EdFund has been disallowed by federal officials For years the state has sought to sell EdFund, the student loan servicing auxiliary of the California Student Aid Commission, as part of a way to raise money to bridge the state’s perennial budget problems In fiscal 2008-09, EdFund processed $103...
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30 июля, 2010 17:46
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Разное
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Solyndra wins Southern California Edison purchase agreements
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Solyndra Inc has been awarded 20-year power purchase agreements to supply Southern California Edison with renewable electricity from 162 megawatts of solar systems on 18 rooftops Fremont-based Solyndra did not disclose financial details of the agreements, which were made to Solyndra's wholly owned subsidiary Photon Solar LLC Solyndra's solar...
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30 июля, 2010 17:46
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Разное
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Geron gets FDA approval for human stem-cell trial
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Geron has received the OK it needed to proceed with the first human trial of an embryonic stem-cell therapy Menlo Park-based Geron Corp (NASDAQ: GERN) said Friday that the Food and Drug Administration had lifted a clinical hold on its new-drug application for the candidate The Phase I multicenter trial aims to establish the safety of the drug, GRNOPC1,...
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30 июля, 2010 17:46
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Разное
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Report: Intel wins key antitrust ruling
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Intel Corp's discount practices in the computer-chip market have not hurt customers, according to a court filing reported in the Wall Street Journal According to the Journal, a special master in the case also recommended the court deny a motion to certify the case as class-action A private antitrust suit was filed in 2005 by Santa Clara-based...
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30 июля, 2010 17:46
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Разное
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Apple hit with patent suit, settles another
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Mobile phone designer Emblaze Ltd has filed suit against Apple Inc alleging patent infringement Israel-based Emblaze said its US patent -- which it has held since 2002 -- is infringed by Apple's HTTP live-streaming application The suit claims that Cupertino-based Apple launched its HTTP Live Streaming Standard in the middle of last year and it...
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30 июля, 2010 17:46
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Разное
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Fitch upgrade’s Macy’s outlook to stable
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Fitch Ratings affirmed several of its ratings for Macy’s Inc and upgraded its outlook on the company to “stable” from “negative” The ratings agency said the outlook upgrade comes on better-than-expected same-store sales trends and improvement in earnings and credit measures Macy’s reported its total June sales jumped...
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30 июля, 2010 17:46
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Разное
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GDP growth slows to 2.4% in Q2
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Consumer spending slowed and companies pulled back on some purchases during the second quarter, greatly hampering the economic recovery The US economy – still recovering from the worst recession since the Great Depression — grew at 24 percent in the second quarter, the smallest increase in a year and the latest evidence of a still-sputtering...
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30 июля, 2010 00:58
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Разное
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LS9 finds genes to make fuel from sugar
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Biofuel business LS9 Inc published a paper in the journal Science detailing its discovery of genes that make important components of gasoline and other fuels directly from sugar “This discovery is the first description of the genes responsible for alkane biosynthesis and the first example of a single step conversion of sugar to fuel-grade alkanes...
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30 июля, 2010 00:58
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Разное
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Wells debuts global banking group
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Wells Fargo created a global banking division to better serve its US corporate clients doing business around the world as well as overseas multinationals doing business in the United States The new division, part of Wells Fargo’s (NYSE: WFC) international group, also said Thursday that it opened five sales offices in the East The new offices...
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30 июля, 2010 00:58
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Разное
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Longtime John Muir Health CEO set to retire March 31
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Ken Anderson, the longtime CEO of Walnut Creek’s John Muir Health, told the two-hospital system’s board last night that he intends to retire March 31, according to an internal memo distributed to doctors, employees and volunteers The move comes after the media-shy Anderson has been with the private, nonprofit hospital for 36 years, and...
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30 июля, 2010 00:58
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Разное
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Muni ending paper passes for Clipper cards
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San Francisco’s public transit system will phase out most paper bus passes by next spring, switching to Clipper, a new, reusable fare card The first pass to be eliminated will be Muni’s “A” Fast Pass, which allows customers to access Muni as well as BART in San Francisco Customers who use this pass must switch to a Clipper...
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30 июля, 2010 00:58
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Разное
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QuinStreet buys insurance.com website
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Foster City-based QuinStreet purchased Insurancecom’s website, and plans to shutter the acquired company’s headquarters in Solon, Ohio, and lay off 144 employees there Insurancecom filed a notice with the state of Ohio that said it reached an agreement to sell “substantially all of its assets to an outside purchaser on July 26,”...
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30 июля, 2010 00:57
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Разное
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Emeryville’s SkyRiver sues library giant OCLC
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SkyRiver Technology Solutions, which make library cataloging software, has sued OCLC Inc, the giant in that field, accusing it of antitrust violations Emeryville’s SkyRiver, owned by Jerry Kline, who also owns Innovative Interfaces Inc, another library software and database business, filed the suit this week in US District Court in San Francisco...
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30 июля, 2010 00:57
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Разное
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Survey: Californians oppose offshore oil drilling
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Californians’ support for more offshore oil drilling has taken a dive, according to a survey released Thursday by the Public Policy Institute of California (PPIC) A solid majority, or 59 percent, of the state’s residents now oppose more drilling, compared to 36 percent in favor of more drilling That’s a 16-point increase in opposition...
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30 июля, 2010 00:57
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Разное
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Wells Fargo debuts global banking group
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Wells Fargo created a global banking division to better serve its US corporate clients doing business around the world as well as overseas multinationals doing business in the United States The new division, part of Wells Fargo’s (NYSE: WFC) international group, also said Thursday that it opened five sales offices in the East The new offices...
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30 июля, 2010 00:57
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Разное
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Mental health advocates ask county to rescind plan
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With Sacramento County’s proposed plan to revamp outpatient mental health services on hold by court order, mental health advocates have released a plan of their own The Sacramento chapter of the National Alliance on Mental Illness (NAMI) recommends the county rescind the current plan and come up with one crafted with more input from the community...
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