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A hardware store that lost $700,000 to shoplifters illustrates the woes behind a multi-county Bay Area spike

Published Wed, 12 Feb 2025 13:20:11 GMT

VIDEO: Surveillance footage from Fremont-based Dale Hardware captures employee confrontations, suspects waddling away with stuffed pantsSome shoplifters at Dale Hardware are sneaky, slipping tools into their pockets. Others are brazen, like the ones who pushed a shopping cart full of merchandise right out the front door.“You’ll go, ‘Sir, sir, sir!’ and they don’t even turn around,” owner Kyle Smith said. “Or they’ll give you a look, like, ‘Do you want to go there?'”Last year, shoplifting cost the Fremont store $700,000, said Smith, whose grandfather founded the shop in 1955, when the area was still called Centerville. He would “roll in his grave” if he knew the financial toll that shoplifting was taking on the family business, Smith said.Experts cite a unique set of circumstances that contribute to today’s shoplifting problem: accelerating organized retail theft, social media posts that facilitate mob-rans...

Yellow Corp. transportation company headed for bankruptcy

Published Wed, 12 Feb 2025 13:20:11 GMT

(AP) — Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. Small San Francisco business burglarized seven times since pandemic After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of nonunion employees on Friday.In an announcement early Monday, the Teamsters said that the union received legal notice confirming Yellow was ceasing operations and filing for bankruptcy. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News SIGN UP NOW ...

Nationals Notebook: Nats in deal mode after falling to the Mets

Published Wed, 12 Feb 2025 13:20:11 GMT

Washington Nationals' Jeimer Candelario (9) steals first base past New York Mets shortstop Danny Mendick (15) in the first inning of a baseball game, Sunday, July 30, 2023, in New York. (AP Photo/Mary Altaffer)(AP/Mary Altaffer) Washington Nationals' Jeimer Candelario (9) steals first base past New York Mets shortstop Danny Mendick (15) in the first inning of a baseball game, Sunday, July 30, 2023, in New York. (AP Photo/Mary Altaffer)(AP/Mary Altaffer) The Washington Nationals lost three of four games to the New York Mets over the weekend, and their hopes of climbing out of the cellar shrink with every day.The Nationals are five-and-a-half back of the Mets with 54 games left in the regular season, but they’...

Insider Q&A: An economist who sees a recession coming despite economy’s resilience so far

Published Wed, 12 Feb 2025 13:20:11 GMT

WASHINGTON (AP) — For more than a year, the U.S. economy has defied predictions of a forthcoming recession. It has withstood 10 interest rate hikes in 16 months from an inflation-fighting Federal Reserve. In June, America’s employers added a healthy 209,000 jobs.Will the economy remain resilient? Can the Fed achieve a notoriously difficult “soft landing” — slowing growth just enough to tame inflation without causing a recession?The Associated Press spoke recently with Gus Faucher, chief economist at PNC Financial Services Group. The conversation has been edited for length and clarity.Q: The job market is cooling but remains strong. Does that suggest a soft landing?A: What we have seen in the job market so far in 2023 is consistent with a soft landing. Over the past three months, we’ve added 244,000 jobs per month. That’s still too high from the Fed’s perspective but much better than what we had at the end of last year. Although it’s consistent with a soft landing, it’s also co...

Alexander’s: Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 13:20:11 GMT

PARAMUS, N.J. (AP) — PARAMUS, N.J. (AP) — Alexander’s Inc. (ALX) on Monday reported a key measure of profitability in its second quarter.The Paramus, New Jersey-based real estate investment trust said it had funds from operations of $18.2 million, or $3.55 per share, in the period.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $64.1 million, or $12.51 per share.The real estate investment trust posted revenue of $53.7 million in the period.The company’s shares have dropped 14% since the beginning of the year. The stock has dropped 22% 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 ALX at https://www.zacks.com/ap/ALXSource

New Relic: Fiscal Q1 Earnings Snapshot

Published Wed, 12 Feb 2025 13:20:11 GMT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — New Relic Inc. (NEWR) on Monday reported a loss of $37.4 million in its fiscal first quarter.The San Francisco-based company said it had a loss of 54 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 43 cents per share.The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.The cloud-based software analytics company posted revenue of $242.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $239.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEWR at https://www.zacks.com/ap/NEWRSource

Heartland Express: Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 13:20:11 GMT

NORTH LIBERTY, Iowa (AP) — NORTH LIBERTY, Iowa (AP) — Heartland Express Inc. (HTLD) on Monday reported profit of $7.8 million in its second quarter.The North Liberty, Iowa-based company said it had profit of 10 cents per share.The trucking and logistics company posted revenue of $306.2 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 HTLD at https://www.zacks.com/ap/HTLDSource

Empleado de mantenimiento acusado por documentos en mansión de Trump enfrenta audiencia

Published Wed, 12 Feb 2025 13:20:11 GMT

MIAMI, Florida – El empleado de mantenimiento de Mar-a-Lago, la mansión y resort del expresidente Donald Trump en Florida, imputado en una nueva acusación formal junto con el exmandatario por el presunto mal manejo de documentos gubernamentales clasificados después de que el expresidente dejó el cargo tenía pautada este lunes su primera comparecencia ante la corte. Carlos De Oliveira, de 56 años, comparecerá ante un juez de primera instancia este lunes en Miami para presentar su declaración de culpabilidad después de haber sido nombrado la semana pasada como tercer coacusado en una acusación de reemplazo o enmendada. Los fiscales acusan a De Oliveira de intentar borrar imágenes de vigilancia en el resort de Palm Beach del expresidente después de que el Departamento de Justicia intentara obtenerlas.Hasta el domingo en la noche De Oliveira todavía un abogado en Florida. “Estamos trabajando para encontrar un abogado local”, dijo John Irving, abogado de De Oliveira, a NBC News. Pe...

Police investigating 'suspicious package' at Larimer County Justice Center

Published Wed, 12 Feb 2025 13:20:11 GMT

DENVER (KDVR) — Police in Larimer County are investigating a suspicious package.Around 8:20 a.m. Monday, the Larimer County Sheriff's Office tweeted that they were investigating a suspicious package at the justice center. The center is located at 201 Laporte Ave. near Civic Center Park in Fort Collins.Deputies are asking everyone to avoid the area while they investigate. A shelter-in-place has been issued for the area of Willow to the north, Oak to the south, Remington to the east, and Sherwood to the west.This is a developing story and will be updated as more information becomes available.

I-70 delays expected as Floyd Hill construction project enters new phase

Published Wed, 12 Feb 2025 13:20:11 GMT

CLEAR CREEK, Colo. (KDVR) -- The five-year project at Floyd Hill will enter a phase this week that could impact your commute.The project, estimated to cost several hundreds of millions of dollars, will expand parts of Interstate 70 in the high country.The "daytime impacts" will happen due to rock scaling and blasting that start Monday along the construction route.The project runs between Evergreen and Idaho Springs. 5-year construction project begins on I-70 at Floyd Hill Between 9 a.m. and 3 p.m. Monday through Thursday and 9 a.m. to noon on Friday, drivers could expect a 45-minute delay, according to the Colorado Department of Transportation."It's a longer-term project, we'll have construction going on through 2028," Presley Fowler, a spokesperson for CDOT, said.Floyd Hill will be much wider. Until then, look for slowdowns and construction."We're going to minimize traffic impacts by working what's considered off-peak travel times," Fowler said.The work on the Floyd Hill project ...