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Tech firms ax hundreds of East Bay, Peninsula jobs, layoff pace eases

Published Mon, 24 Feb 2025 13:46:57 GMT

LIVERMORE — Tech companies have chopped hundreds more jobs in the Bay Area, affecting East Bay and Peninsula workers, but some hopeful signs suggest the pace of the cutbacks has eased.Thermo Fisher Scientific and Jabil have revealed plans to each chop more than 100 jobs, according to official filings with state officials.Together the companies have disclosed their decision to eliminate a combined 215 jobs, WARN notices filed with the state Employment Development Department show.Jabil has decided to ax 113 jobs in Livermore and Fremont.Thermo Fisher Scientific is cutting 102 workers in Pleasanton and South San Francisco.During 2022 and so far in 2023, tech companies have revealed plans to cut slightly more than 26,500 jobs in the Bay Area, according to this news organization’s analysis of the official WARN notices received by the state EDD.

Nima Momeni updates: Khazar Elyassnia refused police interview

Published Mon, 24 Feb 2025 13:46:57 GMT

(KRON) -- Nima Momeni was back in court for the second day of his preliminary hearing in San Francisco on Tuesday. A San Francisco judge will determine if the evidence against Momeni is enough to bring him to trial. Teen crashes Tesla in Santa Rosa joy ride, police say Yesterday, the court heard from the first officers to arrive at the scene of the fatal stabbing of Cash App founder Bob Lee on April 4. Police arrived just after 2:30 a.m. on Main Street where they found Lee bleeding from multiple stab wounds. Nima Momeni enters a courtroom. (Gabrielle Lurie / San Francisco Chronicle / Pool) Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News SIGN UP NOW The knife that is suspected to have been used in the killing was found on the floor of a CalTrans parking lo...

Zendaya remembers classmate, co-star in emotional social post

Published Mon, 24 Feb 2025 13:46:57 GMT

(KRON) -- "Euphoria" star and Oakland native Zendaya spoke out about the passing of her co-star Angus Cloud on Tuesday afternoon. Cloud was found dead in his Oakland home on Monday, and his cause of death has not yet been revealed. He was 25 years old. Zendaya took to Instagram to share a photo of Cloud, along with a note about his life. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News SIGN UP NOW "Words are not enough to describe the infinite beauty that is Angus (Conor). I’m so grateful I got the chance to know him in this life, to call him a brother, to see his warm kind eyes and bright smile, or hear his infectious cackle of a laugh (I’m smiling now just thinking of it) I know people use this expression often when talking about folks they love…'they coul...

Suspect who brandished knife, ran into victim with car arrested in San Mateo

Published Mon, 24 Feb 2025 13:46:57 GMT

(KRON) -- A suspect who police say brandished a knife and hit a victim with his vehicle in a road rage incident last weekend has been arrested, according to the San Mateo Police Department. On Sunday, July 30, San Mateo PD was contacted by a father and his daughter at the police department.The father told officers he was the victim of an assault with a deadly weapon. Officers were told the daughter called her father after she noticed a black car following her. Remaining on the phone, the father drove to the location and saw the black car still following her. Nima Momeni updates: Khazar Elyassnia refused police interview At a red light at East Hillsdale Boulevard and Curtis Street, the father got out and confronted the driver of the black car. It was at that point that the driver brandished a knife and drove his car at the father, causing him to roll over the hood.Through an investigation, police were able to identify the driver of the black car as Thomas German. German was later ...

Blue Jays get SS Paul DeJong from Cardinals, MRI on Bo Bichette shows no damage to injured knee

Published Mon, 24 Feb 2025 13:46:57 GMT

TORONTO (AP) — The Toronto Blue Jays acquired shortstop Paul DeJong and cash from the St. Louis Cardinals on Tuesday while they continue to evaluate the status of injured shortstop Bo Bichette.The Blue Jays sent 24-year-old pitching prospect Matt Svanson to St. Louis.The trade comes one day after Bichette, a two-time All-Star, left a game against the Baltimore Orioles when he injured his right knee while running the bases.Before Tuesday’s game, manager John Schneider said an MRI showed Bichette had inflammation but no damage.“Nothing significant structurally,” Schneider said. “Best possible outcome. We’ll know more in the next day or so.”Bichette currently is day to day, but the Blue Jays have not ruled out a stint on the injured list, Schneider said. Bichette leads the AL with a .321 average and 144 hits. His 42 multihit games also are an AL high.Santiago Espinal, who replaced Bichette on Monday, was set to start at shortstop Tuesday, Schneider said. DeJong is not expected to arriv...

BlueLinx: Q2 Earnings Snapshot

Published Mon, 24 Feb 2025 13:46:57 GMT

MARIETTA, Ga. (AP) — MARIETTA, Ga. (AP) — BlueLinx Holdings Inc. (BXC) on Tuesday reported second-quarter net income of $24.5 million.On a per-share basis, the Marietta, Georgia-based company said it had net income of $2.70. Earnings, adjusted for one-time gains and costs, were $2.91 per share.The building products distributor posted revenue of $816 million in the period.BlueLinx shares have climbed 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $96.45, a climb of 16% 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 BXC at https://www.zacks.com/ap/BXCSource

Shoals Technologies: Q2 Earnings Snapshot

Published Mon, 24 Feb 2025 13:46:57 GMT

PORTLAND, Tenn. (AP) — PORTLAND, Tenn. (AP) — Shoals Technologies Group Inc. (SHLS) on Tuesday reported second-quarter earnings of $18.9 million.The Portland, Tennessee-based company said it had net income of 11 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 14 cents per share.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.The solar energy equipment supplier posted revenue of $119.2 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $111.9 million.Shoals Technologies expects full-year revenue in the range of $480 million to $510 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHLS at https://www.zacks.com/ap/SHLSSource

Weyco: Q2 Earnings Snapshot

Published Mon, 24 Feb 2025 13:46:57 GMT

MILWAUKEE (AP) — MILWAUKEE (AP) — Weyco Group Inc. (WEYS) on Tuesday reported net income of $4.9 million in its second quarter.On a per-share basis, the Milwaukee-based company said it had profit of 50 cents.The footwear distributor posted revenue of $67 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 WEYS at https://www.zacks.com/ap/WEYSSource

Frontier Group: Q2 Earnings Snapshot

Published Mon, 24 Feb 2025 13:46:57 GMT

DENVER (AP) — DENVER (AP) — Frontier Group Holdings Inc. (ULCC) on Tuesday reported second-quarter net income of $71 million.On a per-share basis, the Denver-based company said it had profit of 31 cents.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.The discount airline posted revenue of $967 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $962.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ULCC at https://www.zacks.com/ap/ULCCSource

V.F.: Fiscal Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 13:46:57 GMT

DENVER (AP) — DENVER (AP) — V.F. Corp. (VFC) on Tuesday reported a loss of $57.4 million in its fiscal first quarter.The Denver-based company said it had a loss of 15 cents per share.The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.The maker of brands such as Vans, North Face and Timberland posted revenue of $2.09 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $2.06 billion.V.F. expects full-year earnings to be $2.05 to $2.25 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VFC at https://www.zacks.com/ap/VFCSource