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The top 10 most expensive home sales in Oakland, reported the week of Oct. 2

Published Mon, 16 Dec 2024 21:43:57 GMT

A house that sold for $2.5 million tops the list of the most expensive residential real estate sales in Oakland in the past week.In total, 20 residential real estate sales were recorded in the area during the past week, with an average price of $1.8 million, $876 per square foot.The prices in the list below concern real estate sales where the title was recorded during the week of Oct. 2 even if the property may have been sold earlier.10. $1.8 million, single-family residence in the 6100 block of Girvin DriveThe 2,571 square-foot single-family home in the 6100 block of Girvin Drive, Oakland, has been sold. The transfer of ownership was settled in September and the total purchase price was $1,777,000, $691 per square foot. The house was built in 2002. The house features three bedrooms and four bathrooms.Girvin Drive9. $1.8 million, single-family house in the 4200 block of Atlas Ave.The property in the 4200 block of Atlas Ave. in Oakland has new owners. The price was $1,780,000. The ho...

Olympic champion gymnast Mary Lou Retton is making ‘remarkable’ progress, says family

Published Mon, 16 Dec 2024 21:43:57 GMT

The family of Olympic gymnastics champion Mary Lou Retton says she is making “remarkable” progress in her battle with a rare form of pneumonia that landed her in intensive care.McKenna Kelley, one of Retton’s four daughters, posted an update on Instagram Saturday that said the 55-year-old Retton’s breathing is becoming stronger and her “path to recovery is steadily progressing.”“Though it’s a lengthy journey, witnessing these improvements is incredibly heartening,” Kelley wrote. “She’s beginning to respond to treatments.”Related ArticlesOlympics | Suzanne Somers: Olivia Newton-John ‘taught me not to be afraid’ of breast cancer Olympics | Photos: Bay Area native Suzanne Somers through the years Olympics | Suzanne Somers, of ‘Three’s Company,’ dies at 76 Olympics | Piper Laurie, 3-time Oscar nominee with film credits such as ‘The Hustler’ and ‘Carrie,’ dies at 91 Olympics | Jennifer Garner, Reese Wi...

Man gets 3 years for road-rage shooting at off-duty California cop

Published Mon, 16 Dec 2024 21:43:57 GMT

A Mission Viejo resident who authorities say fired on an off-duty San Bernardino police officer in a road-rage crime on Ortega Highway in 2021 was sentenced to three years in state prison on Monday, Oct.16.Keith Frederick Prante, 36, had pleaded guilty on July 20 at Southwest Justice Center in French Valley to shooting at a vehicle and being a prohibited person in possession of a loaded firearm. A charge of assault with a semiautomatic firearm was dismissed, Superior Court records show.The crime happened around 7:45 p.m. on Feb. 20, 2021, as the officer headed east on Ortega Highway, also known as Highway 74. He was being tailed by a motorist who was honking his horn, flashing his headlights and “driving dangerously,” the California Highway Patrol said.Related ArticlesCrime and Public Safety | Jury awards daughter of man who died after encounter with LAPD $13.5 million for excessive force Crime and Public Safety | Ex-CA prison commissary contractor gets 13...

California poised for big climate moves after Gov. Newsom backs new laws

Published Mon, 16 Dec 2024 21:43:57 GMT

California is set to take major swings at boosting renewable energy, reining in corporate emissions, safeguarding wild places and ensuring livability amid worsening climate change after Gov. Gavin Newsom signed most of the environment-related legislation lawmakers sent his way this session.Among two dozen major climate and environment bills that landed on Newsom’s desk this year, he approved three quarters of them by the Saturday, Oct. 14 deadline.That “cements California’s climate leadership,” said Laura Deehan, executive director of the advocacy group Environment California. But it also matters “beyond our borders,” she said, with action by one of the biggest economies in the world likely to spur similar laws in other places.Newsom did veto six significant environment bills in recent weeks. These included proposals to make it easier for utilities to install power lines, require lead testing in some school water fountains, and prevent “forever” chemicals — known as PFAS — from spre...

How LGBTQ rights and parental notification bills fared in the California Legislature this year

Published Mon, 16 Dec 2024 21:43:57 GMT

With school boardrooms becoming a dramatic front in the culture war over LGBTQ students and their privacy, California Gov. Gavin Newsom this fall signed a handful of bills intended to protect such students.School boards across California have begun debating new policies around transgender and gender non-conforming students and other LGBTQ issues. State lawmakers, meanwhile, engaged in their own debate with nearly a dozen bills in the California Legislature this session directly affecting the LGBTQ community, including one that was the model for many of the proposed school board policies this year.Newsom had until Oct. 14 to decide the fate of those bills. Here’s a look at how they fared:Assembly Bill 5Status: Signed by Newsom on Sept. 23.About the bill: AB 5, the “Safe and Supportive Schools Act,” sponsored by Assemblymember Rick Zbur, D-Los Angeles, requires the implementation of new “LGBTQ cultural competency training” for teachers and school staff in California.“AB 5 is the produ...

Jury awards daughter of man who died after encounter with LAPD $13.5 million for excessive force

Published Mon, 16 Dec 2024 21:43:57 GMT

A jury awarded the daughter of a man who died after a 2019 encounter with the Los Angeles Police Department in Van Nuys $13.5 million last week after finding two officers used excessive force while lying on top of him for more than four minutes.The two officers only got off of the 50-year-old Jacobo Juarez Cedillo after he appeared to lose consciousness while pinned to the ground in the 7200 block of Woodman Avenue on April 8, 2019, according to multiple videos of the incident.More than 10 minutes later, with Los Angeles Fire Department paramedics looking on, Cedillo suddenly appeared to wake back up and writhe on the ground. For about three more minutes, the officers resumed pinning Cedillo, with one pressing his knees into the man’s back and holding his head down as the paramedics prepared a gurney for him.The second instance of officers pinning Cedillo, captured via the dashboard camera of an LAPD cruiser that arrived at the scene after the initial arrest, was played for the jury...

Krugman: Why we should, but won’t, reduce the budget deficit

Published Mon, 16 Dec 2024 21:43:57 GMT

Amid terrible events abroad and the takeover of the Republican Party by agents of chaos, the U.S. economy has been delivering lots of good news. All indications are that real gross domestic product is still growing fast; we’re adding jobs at an extraordinary pace, even as inflation continues to fall.There is, however, one piece of the economic picture that’s worrisome: Long-term interest rates have gone up a lot since early 2022, especially over the past six months.This spike in long-term rates is problematic in a couple of ways. It’s not a crisis, at least not yet. But in a better world we’d be taking action to bring interest rates down in a sustainable way. In particular, now would be a good time to rein in budget deficits.Why a problemHowever, the chances of serious action on the deficit anytime soon are near zero. And it’s important to understand why.First, why are high interest rates a problem? So far, there’s no indication that they’re about to cause a recession. In fact, the ...

Sunnyvale-based LinkedIn cuts over 600 jobs in second round of layoffs this year

Published Mon, 16 Dec 2024 21:43:57 GMT

By Dina Bass | BloombergMicrosoft Corp.’s LinkedIn is cutting about 668 roles across its engineering, product, talent and finance teams. These are the second such cuts this year as fewer companies use the hiring platform and corporate social network.LinkedIn is “continuing to invest in strategic priorities for our future and to ensure we continue to deliver value to our members,” the company said in a blog post Monday.As fewer employees look for new jobs and fewer companies hire, LinkedIn is facing less demand for its services. In May, the social network said it planned to shutter its Chinese jobs app and cut about 716 roles.Related ArticlesBusiness | California’s job market: More firings – fewer hirings and quits Business | Chipmaker Qualcomm to lay off over 1200 California workers Business | San Jose eyes fresh initiatives to spur AI job and innovation hubs Business | Tech, non-tech firms slash hundreds more Bay Area jobs ...

Choice Hotels offers nearly $8 billion for larger rival Wyndham Hotels & Resorts as travel booms

Published Mon, 16 Dec 2024 21:43:57 GMT

Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off an a buyout worth nearly $8 billion after Wyndham broke off negotiations after six months, the company said Tuesday. “A few weeks ago, Choice and Wyndham were in a negotiable range on price and consideration, and both parties have a shared recognition of the value opportunity this potential transaction represents, said Choice CEO Patrick Pacious. ”We were therefore surprised and disappointed that Wyndham decided to disengage. While we would have preferred to continue discussions with Wyndham in private, following their unwillingness to proceed, we feel there is too much value for both companies’ franchisees, shareholders, associates, and guests to not continue pursuing this transaction.”Wyndham did not immediately respond to a request for comment early Tuesday. Choice, based in Rockville, Maryland, is offering $49.50 in cash and 0.324 shares of Choice common stock for eac...

Cambridge: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 21:43:57 GMT

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Cambridge Bancorp (CATC) on Tuesday reported third-quarter earnings of $6.5 million.The Cambridge, Massachusetts-based bank said it had earnings of 83 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.15 per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.The bank posted revenue of $84.3 million in the period. Its revenue net of interest expense was $39.2 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $38.2 million.Cambridge shares have fallen 28% since the beginning of the year. The stock has fallen 29% 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 CATC at https://www.zacks.com/ap/CATCSource