Do NDP respond to half a billion in uncollected fraudsters penalties

The B.C. government on Monday denounced the B.C. Securities Commission’s dismal record of more than half a billion dollars in uncollected penalties issued to fraudsters in the past decade. In a written statement, Finance Minister Carole James encouraged any proposals from the securities commission to improve its collection of penalties. The government response comes after a Postmedia investigation revealed more than 80 fraudsters who have harmed thousands of investors — in B.C., other parts of Canada, the United States and as far away as Switzerland — have escaped paying the largest penalties issued by the commission. Related Hundreds of millions of penalties issued by B.C. Securities Commission going unpaid From… Read More

Continue Reading

GOP tax plans could further choke Bay Area housing market

Quick and profitable home sales by short-term owners in the Bay Area could face steep new taxes under the Republican federal tax overhaul. Owners selling a house within five years in the region, one of the nation’s most expensive real estate markets, would be punished by new capital gains rules found in the GOP tax proposals, according to a new study. Analysts fear the new rules would also encourage Bay Area homeowners to stay put, further choking the already limited supply of available homes. A typical home seller in the region staying in a property less than five years could see his or her capital gains tax bill go up… Read More

Continue Reading

Justice Dept. sues to block AT&T-Time Warner deal

By Brian Fung | Washington Post The Department of Justice is suing to block AT&T’s $85 billion bid for entertainment conglomerate Time Warner, setting the stage for one of the biggest antitrust cases to hit Washington in decades. The suit is fraught with legal and political risks for both sides. Several Democrats have expressed concern that antitrust officials could be seeking to block the deal because the Trump administration has been highly critical of CNN, which is owned by Time Warner – a charge that the White House and Justice Department have denied. Want Warriors news in your inbox? Sign up for the free DubsDaily newsletter. The suit, which AT&T… Read More

Continue Reading

Labor advocates urge Walmart to raise wages for holiday shifts

MARTINEZ — Workers and labor activists are calling on Walmart to give employees a higher wage for shifts that fall on holidays, something companies across a slew of industries already practice. As part of Making Change at Walmart, a campaign from the United Food and Commercial Workers international labor union, union members and activists demonstrated outside a Walmart store on Arnold Drive in Martinez on Monday, kicking off the first of what organizers said would be several coordinated protests at Walmart stores across the country. Making Change at Walmart organizer Jenny Divish, along with former Walmart employee Gabriel Portugal and UFCW Local 5 representative Bambi Marien, handed a petition to… Read More

Continue Reading

Why the Trump Administration Is Suing to Block the AT&T-Time Warner Merger

The Justice Department announced on Monday that it will sue to block AT&T’s acquisition of Time Warner, pitting the Trump administration against a media business that has turned to mergers to compete with the rise of tech giants like Facebook and Netflix. The $108 billion deal, which would be one of the largest mergers in American history, had been in the works for more than a year. Both Democrats and Republicans have historically approved of these so-called “vertical mergers” between companies operating at different levels of a particular industry. Time Warner, which owns HBO, TNT, and TBS, is mostly in the pure content business, while AT&T, which sells phone and… Read More

Continue Reading

Chips in the bag: Marvell acquires San Jose-based Cavium for $6 billion

SANTA CLARA — The Bay Area semiconductor market showed few signs of settling down ahead of the Thanksgiving Day holiday when, on Monday, Marvell Technology Group said it would acquire rival Cavium for $6 billion. The deal, which has been approved by the boards of both Marvell and Cavium, will bring together two makers of high-end chips used in data centers, wireless communications and self-driving cars. The acquisition values San Jose-based Cavium at $80 a share. “This combination expands and diversifies our revenue base and end markets, and enables us to deliver a broader set of differentiated solutions to our customers,” said Marvell Chief Executive Matt Murphy, in a statement… Read More

Continue Reading

Sell your Tesla stock? Marvell gets in the chips with Cavium deal

Sell Your Tesla?: That’s the opinion of JP Morgan analyst Ryan Brinkman, who on Monday reiterated his underweight rating — the equivalent of “sell” — on the electric carmaker, on the grounds that Tesla could see more production and financial issues related to its much ballyhooed Model 3. The car’s widespread release has already been delayed for months due to production line matters. Unlike traditional automakers that can spread the costs of developing electric and hybrid cars across multiple vehicle models and traditional gasoline-powered cars, Brinkman said Tesla’s high-priced vehicles may take longer to provide the company with consistent profit margins to match the cars’ sticker prices. Related Articles Stitch… Read More

Continue Reading

Hayward man wants to build tiny homes community

HAYWARD — Tom Flemming believes he may have a tiny solution to a big problem. While living in Alameda nearly two decades ago, Flemming would cross the bridges connecting Oakland to the island community and see metal shipping containers stacked atop one another in storage yards. Long before people thought seriously about reusing shipping containers as homes, Flemming would think back then, “Man, why couldn’t you just take one of those containers and make some cheap housing out of it?” “The thing is, if you dillydally and have these inspirations but don’t do anything or act on them, God’s going to give the idea to someone else, too, who’s going… Read More

Continue Reading

Will Apple spar with authorities over unlocking Texas shooter’s iPhone?

Apple could again find itself at odds with authorities in a high-profile case involving unlocking a gunman’s iPhone. The gunman in the mass shooting in Sutherland Springs, Texas earlier this month was found with an iPhone, and Texas authorities have served Apple with a warrant seeking access to his information. This might bring to mind another infamous mass shooting that thrust Apple and an iPhone into the spotlight — the 2015 San Bernardino attack in which Apple refused the FBI’s request to fashion a “back door” to unlock one of the shooters’ iPhones. The Silicon Valley giant’s reason: It did not want to compromise other iPhone users’ privacy and security.… Read More

Continue Reading

Delta cannabis producer secures $40m supply agreement with New Brunswick

A B.C.-based, licensed producer of cannabis has reached a deal with the New Brunswick government to grow 4,000 kilograms of marijuana annually for recreational users in that province. Zenabis, a Delta pharmaceutical-grade cannabis firm with a 30,000 sq. ft. growing and processing plant on Annacis Island and two more facilities on the East Coast, signed a memorandum of understanding with the province to provide cannabis and derivative products with a retail value of about $40 million and up to $50 million a year. New Brunswick officials say the Zenabis deal and earlier agreements with Organigram and Canopy Growth Corp. make it the first province to secure a supply for all… Read More

Continue Reading