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Supreme Court blocks $6 billion Purdue Pharma deal

Published Wed, 26 Feb 2025 05:36:43 GMT

By Devan Cole and Ariana de Vogue | CNNThe Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called an “unprecedented” arrangement that would ultimately offer the Sackler family broad protection from opioid-related civil claims.In agreeing to pause the settlement, the court also said it would take up the case and hear arguments this December.The case arose after the reorganization in bankruptcy of OxyContin manufacturer Purdue Pharma – stemming from litigation arising from claims over its role in fueling the opioid addiction crisis.Until recently, Purdue was controlled by the Sackler family, who withdrew billions of dollars from the company before it filed for bankruptcy. The family has now agreed to contribute up to $6 billion to Purdue’s reorganization fund on the condition that the Sacklers receive a release from civil liability.The government, representing the US Trustee, has called the plan “except...

Police raid ‘heavily fortified’ Brentwood home, seize 1,888 marijuana plants, firearm

Published Wed, 26 Feb 2025 05:36:43 GMT

BRENTWOOD — Police with the California Department of Cannabis Control raided a “heavily fortified” home in a quiet suburb here, seizing nearly 2,000 cannabis plants and a gun, authorities said.The Aug. 2 raid yielded 1,888 pot plants, $22,300 in cash and a loaded pistol that was found directly behind the residence, on a sidewalk authorities said is frequented by children. A 36-year-old man, arrested during the raid, admitted to throwing the gun when he saw police arrived, authorities said.The search took place on the 1600 block of Edera Place.Related ArticlesCrime and Public Safety | Oakland police arrest suspect who allegedly chased down and fatally shot woman in one of four homicides that day Crime and Public Safety | A man and woman were seen entering an Oakland hotel together. Then he left, covered in blood, police say Crime and Public Safety | Lawsuit alleges wrongdoing in police shooting of San Jose man– will A...

Tanker truck carrying cooking oil rolls over on Hwy 101 in San Francisco: CHP

Published Wed, 26 Feb 2025 05:36:43 GMT

(KRON) -- A tanker truck rolled over Thursday afternoon on Highway 101, the San Francisco Fire Department tweeted. One occupant of the truck suffered minor injuries and is being treated.The incident happened around 1:10 p.m. in the area of Alemany Boulevard and the southbound on-ramp. The tanker was carrying gallons of cooking oil, but there are no immediate health hazards at this time, officials said. Fire near Port of Oakland still impacting Bay Area air quality (San Francisco Fire Department)(San Francisco Fire Department)The truck rolled over and landed on its side, according to California Highway Patrol. Fire crews were called to the scene, but no fire was reported.The tanker had 60 gallons of cooking oil, which weighed approximately 80,000 pounds, CHP said. As of 1:30 p.m., the on-ramp on Alemany towards southbound 101 is closed, authorities said. It is unknown at this time when that road will reopen.This story will be updated as KRON4 learns more.

Transcontinental Realty: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 05:36:43 GMT

DALLAS (AP) — DALLAS (AP) — Transcontinental Realty Investors Inc. (TCI) on Thursday reported profit of $530,000 in its second quarter.The Dallas-based company said it had net income of 6 cents per share.The real estate investor posted revenue of $12.2 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 TCI at https://www.zacks.com/ap/TCISource

Man cited for animal neglect after dog dies in triple-digit heat during Phoenix hike

Published Wed, 26 Feb 2025 05:36:43 GMT

PHOENIX (AP) — An Arizona man was cited for animal neglect after his dog died from heat-related issues while on a hike in north Phoenix, according to authorities.Phoenix police didn’t immediately release the name of the 29-year-old man, but said he was “issued a citation in lieu of detention” for neglect of animals.They said the hiker called 911 around 11 a.m. Wednesday to say he and his two dogs were experiencing heat-related issues on the Piestewa Peak mountain trail.Phoenix Fire Department crews located the hiker some 300 yards from the trailhead and said one of the man’s dogs was dead at the scene.Firefighters were able to cool down the other dog, who also was in heat distress but survived the hike in triple-digit weather.In 2016, the city of Phoenix enacted a ban on taking dogs on city hiking trails when temperatures are above 100 degrees (37.8 degrees Celsius). The penalty can include jail time and fines up to to $2,500.Phoenix and much of the region has suffered from record-s...

Biden declara la emergencia en Hawai por los incendios forestales: “Todos los recursos que tenemos estarán disponibles”

Published Wed, 26 Feb 2025 05:36:43 GMT

(CNN) — El presidente de Estados Unidos, Joe Biden, emitió una declaración federal de catástrofe por los “devastadores” incendios forestales que arden en Hawai en varias zonas de la Isla Grande y Maui. En esa línea, prometió enviar todo lo necesario para ayudar a la recuperación.Los incendios causaron la muerte de al menos 36 personas y han devastado Lahaina, una localidad de la isla de Maui. Durante un discurso pronunciado en Utah este jueves, Biden dijo que el gobierno federal está actuando con rapidez en su respuesta.“En este momento la prioridad es salvar vidas”, dicen las autoridades de Hawai“Estamos trabajando lo más rápido posible para combatir esos incendios y evacuar a residentes y turistas. Mientras tanto, nuestras oraciones están con el pueblo de Hawai, pero no solo nuestras oraciones: todos los recursos que tenemos estarán disponibles para ellos”, dijo Biden  durante su intervención en un centro médico de Asuntos de Veteranos en ...

Iridex: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 05:36:43 GMT

MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Iridex Corp. (IRIX) on Thursday reported a loss of $2.8 million in its second quarter.On a per-share basis, the Mountain View, California-based company said it had a loss of 17 cents.The medical laser company posted revenue of $12.9 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 IRIX at https://www.zacks.com/ap/IRIXSource

Savers Value: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 05:36:43 GMT

BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Savers Value Village Inc. (SVV) on Thursday reported second-quarter earnings of $35.1 million.On a per-share basis, the Bellevue, Washington-based company said it had net income of 24 cents. Earnings, adjusted for non-recurring gains, were 22 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.The retailer of second-hand merchandise posted revenue of $379.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $374.6 million.Savers Value expects full-year revenue of $1.51 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SVV at https://www.zacks.com/ap/SVVSource

Las Vegas police videos show moments before home is raided in Tupac Shakur cold case

Published Wed, 26 Feb 2025 05:36:43 GMT

LAS VEGAS (AP) — Dozens of Las Vegas police body camera videos showed the moment a man and his wife exited a home raided in July in connection with the cold case killing of rapper Tupac Shakur.The heavily redacted footage obtained Thursday by The Associated Press did not provide a view into the home or identify the couple, whose faces were blurred from view. But a copy of the warrant said police were searching on the night of July 17 for items “concerning the murder” of Shakur from Duane “Keffe D” Davis, one of the last surviving witnesses to a crime that has fascinated the public for decades.Videos showed the man and woman emerging from the garage after SWAT officers repeatedly announced their presence on a bullhorn.“It’s the Las Vegas Metropolitan Police Department,” an officer said. “We have a search warrant. You need to come out with your hands up and your hands empty!”One at a time, with hands on their heads, the man and woman walked slowly toward the officers and into a swirl ...

Geospace Technologies: Fiscal Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 05:36:43 GMT

HOUSTON (AP) — HOUSTON (AP) — Geospace Technologies Corp. (GEOS) on Thursday reported earnings of $3.2 million in its fiscal third quarter.On a per-share basis, the Houston-based company said it had net income of 24 cents.The maker of seismic instruments and equipment posted revenue of $32.7 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 GEOS at https://www.zacks.com/ap/GEOSSource