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Tech titan spends hundreds of millions to buy East Bay buildings

Published Fri, 15 Nov 2024 10:50:15 GMT

FREMONT — A tech titan that has been trimming Bay Area jobs has spent hundreds of millions of dollars to buy several office buildings in the East Bay that the company has been leasing.Lam Research has spent $250 million to buy three buildings in Fremont and two buildings in Livermore, according to documents that were filed on Sept. 22 with the Alameda County Recorder’s Office.The Fremont buildings have addresses of 4300, 4540 and 4650 Cushing Parkway and were bought by Lam Research for a combined $195.8 million, this news organization’s review of the county real estate records shows.Lam Research office building at 1 Portola Avenue in Livermore. (Google Maps)The Livermore buildings are located at 1 Portola Avenue and 101 Portola Avenue and were bought by Lam for a combined $54.2 million, according to the property documents.In each instance, Lam Research had been leasing the buildings from the seller. MUFG Americas Capital Leasing & Finance sold the building...

Man shot to death during confrontation with Hayward police identified

Published Fri, 15 Nov 2024 10:50:15 GMT

HAYWARD — Police on Thursday identified a man their officers shot to death earlier this month.Antonio Lacunas Escobar, 37, of Hayward, died Sept. 6 at a hospital after being rushed there following the confrontation about 10 p.m. in the 2200 block of City Center Drive. Police later found a BB gun at the scene following eyewitness accounts that the man appeared to pull a gun on the officers.Authorities earlier this week said Officers Alexander Robinson and Dominic Espino fired their guns during the incident. A third officer who didn’t fire his gun also was part of the police response.Robinson and Espino each have about five years of experience with the department, according to acting Police Chief Bryan Matthews. Both have returned to work following a period of paid administrative leave, according to the department.Police spokesperson Cassondra Fovel said the time it took to identify the man publicly came because of the time it took to complete his autopsy and to find his r...

Jeremy Stoner's accused killer linked to 2nd Bay Area cold case

Published Fri, 15 Nov 2024 10:50:15 GMT

MARTINEZ, Calif. (KRON) -- Fred Marion Cain III, the man charged with murdering 6-year-old Jeremy Stoner in Vallejo, is now being investigated by police for a second cold case in Martinez.Cain, 69, was arrested on September 18 at his Gold Hill, Oregon home and he remained in custody Thursday.Nine-year-old Eric Coy was riding a bicycle around his Martinez neighborhood when he was kidnapped on Jan. 24, 1987. His body was found the following day in a stream by Martinez Junior High School in Contra Costa County. Eric's killer stabbed him nearly a dozen times, according to investigators.Fred Marion Cain III is escorted away in handcuffs on Sept. 18, 2023. (Image via Jackson County Sheriff's Office). Jeremy, 6, was playing with his brothers in their Vallejo neighborhood before he was kidnapped, sodomized, and brutally slain on Feb. 21, 1987. A four-day-long search effort in Solano County ended when Jeremy's body was found on Sherman Island in Sacramento County. Like Eric, Jeremy had ...

2 people charged in Fillmore Street commercial burglary 

Published Fri, 15 Nov 2024 10:50:15 GMT

(KRON) -- San Francisco District Attorney Brooke Jenkins announced Thursday that San Francisco residents Darrell Luckett, 18, and Corina Fitch, 21, have been charged in connection to a commercial burglary on the 2000 block of Fillmore Street on Sept. 20.Luckkett and Fitch were arraigned on Sept. 27, and each pled not guilty to one count of second-degree commercial burglary and one count of grand theft. Luckett and Fitch are alleged to have burglarized a clothing retailer on Fillmore Street. Both were arrested on the same day as the burglary. According to San Francisco Police officers, 136 pairs of leggings were recovered worth more than $15,000.  Target announces it’s closing stores in San Francisco, Oakland due to theft Luckett and Fitch’s next court date is Oct.13 for a prehearing conference. The District Attorney’s Office moved to detain both Luckett and Fitch pending trial because of the public safety risk they pose. However, the court released both on their own recogniza...

Court rejects Donald Trump’s bid to delay trial in wake of fraud ruling that threatens his business

Published Fri, 15 Nov 2024 10:50:15 GMT

NEW YORK (AP) — An appeals court Thursday rejected Donald Trump’s bid to delay a civil trial in a lawsuit brought by New York’s attorney general, allowing the case to proceed days after a judge ruled the former president committed years of fraud and stripped him of some companies as punishment.The decision, by the state’s intermediate appellate court, clears the way for Judge Arthur Engoron to preside over a non-jury trial starting Oct. 2 in Manhattan in New York Attorney General Letitia James’ civil lawsuit.Trump is listed among dozens of possible witnesses, setting up a potential courtroom showdown with the judge. The fraud ruling Tuesday threatens to upend his real estate empire and force him to give up prized New York properties such as Trump Tower, a Wall Street office building, golf courses and a suburban estate.Trump has denied wrongdoing, arguing that some of his assets are worth far more than what’s listed on annual financial statements that Engoron said he used to secure l...

Stock market today: Wall Street ticks higher as pressure from the bond and oil markets eases

Published Fri, 15 Nov 2024 10:50:15 GMT

NEW YORK (AP) — Wall Street is ticking higher Thursday as the pressures squeezing it this month from the oil and bond markets relax a bit. The S&P 500 was 0.6% higher in late trading after flipping between small gains and losses a few times. The Dow Jones Industrial Average was up 106 points, or 0.3%, at 33,657, as of 3 p.m. Eastern time, and the Nasdaq composite was 0.8% higher.A drop in oil prices took some heat off the stock market, a day after crude reached its highest price of the year. Treasury yields also relaxed to give the stock market more of a breather, particularly Big Tech companies. A 2% gain for Tesla and 1.7% climb for Meta Platforms were two of the strongest forces lifting the S&P 500. Stocks, though, are still on track for their worst month of the year as Wall Street grapples with a new normal where interest rates will stay high for a while. The Federal Reserve has pulled its main interest rate to the highest level since 2001 in hopes of extinguishing high ...

Ryder Cup Guide: Schedule, how to watch and betting favorites

Published Fri, 15 Nov 2024 10:50:15 GMT

GUIDONIA MONTECELIO, Italy (AP) — What started as a friendly golf exhibition nearly 100 years ago is anything but that now.The Ryder Cup has become the biggest spectacle in golf, held once every two years between the United States and Europe for nothing more than bragging rights and ownership of a 17-inch gold trophy. Seth Waugh, the CEO at the PGA of America, referred to the Ryder Cup as a “combination of the Olympics and the Super Bowl and a (Rolling) Stones concert.”While the United States has a 27-14-2 lead in the series dating to 1927, Europe has a 11-9-1 edge going back to 1979 when continental Europe was invited to join players from Britain and Ireland.The Americans have not won on European soil in 30 years. This could be their best chance to end that drought, coming off a 19-9 mauling of Europe in 2021 at Whistling Straits. Of course, they say that every time the Ryder Cup comes to Europe. And the gold trophy never seems to go home with them.WHEN AND WHERE IS THE RYDER CUP?T...

Appeals court rejects Donald Trump’s request to delay civil trial in wake of fraud ruling that threatens business empire

Published Fri, 15 Nov 2024 10:50:15 GMT

NEW YORK (AP) — Appeals court rejects Donald Trump’s request to delay civil trial in wake of fraud ruling that threatens business empire.Source

House Republicans make their case for Biden impeachment inquiry at first hearing

Published Fri, 15 Nov 2024 10:50:15 GMT

FILE - President Joe Biden leans in to hear a question as he speaks with reporters before walking to Marine One upon departure from the South Lawn of the White House, March 17, 2023, in Washington. Republicans have insisted for months that they have the grounds to launch impeachment proceedings against President Biden. On Thursday, they will begin formally making their case to the public and their skeptical colleagues in the Senate. (AP Photo/Alex Brandon, File)(AP/Alex Brandon) FILE - President Joe Biden leans in to hear a question as he speaks with reporters before walking to Marine One upon departure from the South Lawn of the White House, March 17, 2023, in Washington. Republicans have insisted for months that they have the grounds to launch impeachment procee...

Colleges should step up diversity efforts after affirmative action ruling, the government says

Published Fri, 15 Nov 2024 10:50:15 GMT

FILE - Education Secretary Miguel Cardona speaks during an interview with The Associated Press in his office at the Department of Education, Sept. 20, 2023, in Washington. The Biden administration is asking America's colleges to renew their efforts to make campuses more racially diverse, urging schools to boost scholarships and minority recruiting and to give “meaningful consideration” to the adversity students face because of their race or finances. (AP Photo/Mark Schiefelbein, File)(AP/Mark Schiefelbein) FILE - Education Secretary Miguel Cardona speaks during an interview with The Associated Press in his office at the Department of Education, Sept. 20, 2023, in Washington. The Biden administration is asking America's colleges to renew their efforts to make campu...