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Walmart agrees to huge South Bay sublease deal, in lift for office market

Published Wed, 26 Feb 2025 08:56:44 GMT

SUNNYVALE — Walmart’s digital unit has struck a deal to sublease a huge tech campus in Sunnyvale in a deal that could potentially provide a big-time boost to a wobbly Silicon Valley office market.The Sunnyvale office sublease by Walmart.com was confirmed by several commercial property sources, including some with direct knowledge of the transaction, who asked not to be named because they were not authorized to officially discuss the deal.Walmart.com agreed to sublease all of a tech campus known as Moffett Green, a four-building office complex that totals 719,000 square feet, according to real estate sources familiar with the rental deal.Moffett Green tech campus, located on Crossman Avenue in Sunnyvale. (Jeff Peters/Vantage Point Photography)The office complex that Walmart.com is subleasing is located near the corner of Crossman Avenue and Caribbean Drive in northern Sunnyvale. The property also fronts on East Java Drive.In 2021, Facebook app owner Meta Platforms le...

Santa Cruz County jury returns first-degree verdicts in double homicide trial

Published Wed, 26 Feb 2025 08:56:44 GMT

SANTA CRUZ — Violet Guzman broke away from a crowd of teary-eyed loved ones Wednesday afternoon to declare that “justice was served today.”Mario Lozano Just minutes earlier, inside the Santa Cruz County Superior Courtroom of Judge Syda Cogliati, a jury had found Mario Lozano guilty of two counts of first-degree murder, plus two additional counts of witness intimidation. The jury, which deliberated for about a day, may have opted to find Lozano guilty of lesser charges in the homicides, with both second-degree and voluntary manslaughter on the table.Lozano, 37, showed no visible reaction as the verdict was read aloud after a month-long trial. He faces a maximum sentence of life in prison without parole and is scheduled for sentencing Jan. 29.Guzman and her family have waited 19 years for the killer of their 17-year-old family member, Isaac Guzman, to face a penalty for the Watsonville stabbing. Family members attended the daily trial hearings, despite the often graphic testimony...

Netflix’s Egyptian Theatre reopens after $70 million renovation of 101-year-old Hollywood landmark

Published Wed, 26 Feb 2025 08:56:44 GMT

Rick Nicita smiled broadly as he walked out of the newly restored Egyptian Theatre and into the late afternoon sun of its courtyard on Hollywood Boulevard.The chairman of the American Cinematheque, which for 23 years owned and programmed the 101-year-old movie palace, had just spent a few hours inside the freshly renovated theater, and he was beaming.“I thought it was terrific,” Nicita said, standing in the forecourt of the theater. “I mean, I’ve seen prospective photographs, but that never does the trick.“It felt right,” he said. “That’s what it was. It’s an imagining of how an old movie palace should be now.”Grauman’s Egyptian Theatre opened Oct. 18, 1922 with the Douglas Fairbanks silent film “Robin Hood.” Its Egyptian Revival-inspired design was influenced by the popularity of the Egyptology in the early 20th century which peaked a few weeks after the movie palace opened with the discover of King Tut’s tomb. (Photo courtesy of Neflix)The Egyptian Theatre ...

Citibank fined $26 million for ‘treating Armenian Americans like criminals,’ US agency says

Published Wed, 26 Feb 2025 08:56:44 GMT

Citibank illegally discriminated against Armenian Americans for years by singling them out on credit card applications based on their surnames, a federal regulator alleged on Wednesday.The Consumer Financial Protection Bureau found that from at least 2015 through 2021, Citi “targeted” retail services credit card applicants whom employees associated with Armenian national origin.“Citi treated Armenian Americans as criminals who were likely to commit fraud,” the CFPB alleged.Citi applied more stringent criteria to suspected Armenian Americans’ applications, including “denying them outright,” placing blocks on the accounts and requiring additional information, according to the regulator.The bank then “hid” the discrimination by giving consumers “false reasons” for credit denials, the CFPB said.Related ArticlesBusiness | Internal documents reveal the story behind California’s unemployment crash Business | Bank deposit delays: Some customers still haven’t been ...

BART ‘Safe & Clean Plan’ Listening Tour asks for direct rider feedback at the stations

Published Wed, 26 Feb 2025 08:56:44 GMT

(KRON) -- Bay Area Rapid Transit officials plan to start a month-long tour across several BART stations to get feedback directly from riders on location. The first stop will catch morning commuters on Nov. 9 at the Fruitvale station from 7:45 a.m. to 8:45 a.m.The Safe & Clean Plan Listening Tour will be the third for BART General Manager Bob Powers and the first for Chief of Police Kevin Franklin, the transit agency said. According to BART, the tour will allow officials to hear directly from riders and learn how the day-to-day commute experience is for them. The general manager and chief of police will be at the stations during the busiest times. Oakland Arena, Coliseum record best fiscal year ever after sold-out Bad Bunny, K-pop concerts BART officials said with the recent boost in train patrols and schedule changes to emphasize shorter trains, the number of trains negatively impacted by BART Police Department incidents fell by more than 60% since May.Officials expect another...

Man arrested for allegedly robbery at a San Mateo Walgreens

Published Wed, 26 Feb 2025 08:56:44 GMT

(BCN) -- A 24-year-old man was arrested after allegedly robbing a Walgreens store in San Mateo on Wednesday morning, according to police.Around 10 a.m. Wednesday, officers were alerted to a report of a robbery at a Walgreens store at 191 East 3rd Avenue, the San Mateo Police Department said in a news release.Officers learned a man stole items from the store and when he was confronted, he punched an employee before fleeing the scene. The employee described the suspect and gave the suspect's direction after leaving the store. San Francisco bakery burglarized in SoMa neighborhood, community contributes to recovery efforts A few blocks away from Walgreens, police found a man matching the employee's description. When he was contacted, officers allegedly found in his possession the stolen merchandise.The suspect was identified Desiree Baquero. He was arrested and booked into San Mateo County Jail on suspicion of robbery.Those with relevant information are asked to contact the San Mateo ...

Global Ship Lease: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 08:56:44 GMT

MAJURO, Marshall Islands (AP) — MAJURO, Marshall Islands (AP) — Global Ship Lease Inc. (GSL) on Thursday reported profit of $85.1 million in its third quarter.The Majuro, Marshall Islands-based company said it had profit of $2.34 per share. Earnings, adjusted for non-recurring gains, were $2.33 per share.The containership owner posted revenue of $174.5 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 GSL at https://www.zacks.com/ap/GSLSource

Mourinho and Sarri exchange jibes ahead of Rome derby in Serie A

Published Wed, 26 Feb 2025 08:56:44 GMT

MILAN (AP) — Despite Roma and Lazio being involved in European competition, much of the attention this week has been focused on Sunday’s derby match in Serie A and the barbs have been flying.After Lazio beat Feyenoord 1-0 in the Champions League on Tuesday, coach Maurizio Sarri said his team had gone to “war” against the Dutch side, while he deemed Roma’s Europa League game against Slavia Prague later on Thursday to be just a “friendly match.”Roma’s highly successful coach José Mourinho claimed he wasn’t bothered by the comments but then made a thinly-veiled attack on Sarri, who won the Serie A title with Juventus in 2020 and the Europa League with Chelsea the previous year.“If someone should feel offended about that comment, it is Slavia Prague and not me,” Mourinho said when asked about Sarri’s remarks. “The way in which the coach talked it’s as if to say that Slavia has no quality.“I always respect my opponents. Perhaps the difference between a coach who has won 26 titles and ano...

Aemetis: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 08:56:44 GMT

CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported third-quarter net income of $30.7 million, after reporting a loss in the same period a year earlier.On a per-share basis, the Cupertino, California-based company said it had net income of 73 cents. Losses, adjusted for pretax gains, came to 59 cents per share.The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.The renewable fuels and specialty chemicals company posted revenue of $68.7 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $79.5 million.The company’s shares closed at $4.58. A year ago, they were trading at $6.36._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMTX at https://www.zacks.com/ap/AMTX...

Agile Therapeutics: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 08:56:44 GMT

PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Agile Therapeutics Inc. (AGRX) on Thursday reported a loss of $799,000 in its third quarter.On a per-share basis, the Princeton, New Jersey-based company said it had a loss of 27 cents. Losses, adjusted for non-recurring gains, were $1.47 per share.The developer of prescription contraceptive products for women posted revenue of $6.7 million in the period.The company’s shares closed at $1.98. A year ago, they were trading at $12.78._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGRX at https://www.zacks.com/ap/AGRXSource