Srinivasa Kakkera of Pleasanton was sentenced to 18 months in prison for insider trading, and ordered to pay $2.4 million and Abbas Saeedi of Fremont was sentenced to five months in prison for insider trading and ordered to pay $691,000.
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No More Surprise Ambulance Bills in CA in 2024
Surprise ambulance bills can leave families deeply in debt after a medical emergency. A new state law that forces insurance companies to negotiate payments is expected to save Californians tens of millions of dollars a year.
2023: California Officials Tackle Mental Health, Fentanyl
California is undertaking an ambitious effort to improve mental health, while controversy surrounds how to address the fentanyl crisis.
Rain, High Winds, Dangerous Surf Continues, with More on the Way
Unsettled weather is expected to continue as a series of storms aim at the California Coast. The next more significant storm may impact the region in the middle of next week.
2023: California Universities Get More Money, but CSU Aid Falls Short
While the Cal State and UC systems received more money in 2023, they still face financial challenges. And they also must address labor strife.
2023: Danger Signs Ahead for California Economy
Unemployment is inching up, tech layoffs continue and IPOs are waning. Experts expect a downturn, but it’s still possible the state will avoid a recession.
More Rain, High Winds Headed to Bay Area, Beginning Today
In coastal areas, wind gusts will be as high as 40 mph and on Friday could be as high as 35 mph.
Dozens of Near-Ready Affordable Housing Projects Likely To Be ‘Mothballed’
More than 100 developers backing 240 projects with approximately 20,000 proposed affordable housing units applied to the state's Housing and Community Development Department for more than $3.5 billion, but the state only has $576 million to award.
Owner of Hotel Property Management Company Sentenced for Embezzlement of Client Funds
Henry Flynn, 57, owner and CEO of Kubo, was sentenced to six months in the Santa Clara County Jail. He pleaded guilty to grand theft in November 2022.
Some Mental Health Programs for Kids to Close because of New Medi-Cal Payment Plans
California is modernizing how it pays health care providers through Medi-Cal. Some mental health providers say the changes endanger their services.
CA Unveils New Online Report Card of Schools’ Performance
Despite a few improvements, the data shows K-12 students are still struggling on several fronts.
Domestic Violence Shelters Face Steep Funding Cuts in New Year
Federal funding for domestic violence shelters and housing programs is declining. Advocates want the state to step in, but with a record projected deficit, new spending is unlikely.
New San Jose Non-profit Seats Board, Reveals Early Concepts for Plaza de Cesar Chavez
The Plaza Conservancy foresees an expanded park with fewer surrounding traffic lanes, a new stage and renovation of the more than century-old greenspace where the majestic old City Hall once stood.
CA Legislative Analyst Predicts Budget Deficit Will Double Next Year, to $68B
Assembly Speaker Robert Rivas, a Hollister Democrat, says that when it became clear that tax revenues would be substantially below estimates, the Legislature should commit to a budget that protects classroom funding.
Evan Low Raises $300K in First 48 Hours of Campaign for Congress
The combination of the new early primary date, March 5, plus the prospect of the most hotly contested congressional primary in the Bay Area in decades boosts the likelihood of campaign war chests in the millions.
California COVID Rent Relief Program Runs Low on Cash
The state program has sent more than $4.7 billion to nearly 370,000 lower-income households, but a sizable, unlucky minority of applicants — tenants and landlords alike — have had to wait.
