Jim's Feed
Mar 26, 2015

Shoppers’ personal info not part of RadioShack sale: ombudsman

By Jim Christie

(Reuters) – Personal information gathered by RadioShack Corp from shoppers is not included in its sale, the consumer privacy ombudsman in the electronics retailer’s bankruptcy case said in response to concerns shared by several states that the data could be sold.

If that changes, Elise Frejka also said in a letter on Wednesday to U.S. Bankruptcy Judge Linehan Shannon she would file a report with recommendations based on specific facts and circumstances.

Mar 25, 2015

Jury in Silicon Valley discrimination trial starts deliberations

SAN FRANCISCO, March 25 (Reuters) – Jurors began
deliberating on Wednesday on a high profile lawsuit brought by a
former Kleiner Perkins Caufield & Byers partner who alleges she
suffered gender discrimination and retaliation at the storied
venture firm.

The jury of six men and six women started their discussions
shortly after attorneys for Kleiner and its former partner Ellen
Pao wrapped up their closing arguments.

Mar 10, 2015

Prime Healthcare pulls offer for struggling hospitals in California

SAN FRANCISCO (Reuters) – Prime Healthcare Services said on Tuesday it has withdrawn its offer to buy the Daughters of Charity Health System in California due to conditions imposed by the state, a move the struggling hospital chain said could force it into bankruptcy.

The non-profit hospital chain will attempt to find another buyer while considering a bankruptcy filing, said Chief Executive Officer Robert Issai. “Bankruptcy will be on the table,” he said.

Mar 4, 2015

Bankruptcy judge okays disputed bonus plan for RadioShack execs

March 4 (Reuters) – The judge overseeing RadioShack Corp’s
Chapter 11 bankruptcy case on Wednesday approved a revised $1.5
million bonus plan for eight top executives at the electronics
retailer, over the objection of the U.S. Trustee in the case.

U.S. Bankruptcy Judge Brendan Shannon said that while he
shared some of the trustee’s concerns over the key executive
incentive plan, or KEIP, he was convinced the executives would
be “up to their elbows” with the sale of 2,000 RadioShack

Feb 23, 2015

California approves sale of hospital chain with conditions

By Robin Respaut and Jim Christie

(Reuters) – California Attorney General Kamala Harris on
Friday granted conditional approval for the sale of the
six-hospital Daughters of Charity Health System to Prime
Healthcare Services, a move that may leave the non-profit
hospital chain at risk of bankruptcy.

Daughters of Charity Chief Executive Officer Robert Issai
welcomed Harris’ approval but said he needed to go through her
conditions to see if they could be met or would scuttle the
proposed $843 million deal.

Jan 20, 2015

Stockton, California, bankruptcy judge denies motion to stall plan

Jan 20 (Reuters) – The judge overseeing the bankrupt city of
Stockton, California, has denied a motion by a holdout creditor
to stall the city’s plan to begin paying its debts.

U.S. Federal Bankruptcy Court Judge Christopher Klein said
on Tuesday the potential harm to other creditors, such as the
city’s 1,100 retirees, and to the city’s ability to attract new
business, along with the low likelihood of an appeal’s success,
convinced him to deny a pending stay on the confirmed plan.

Aug 25, 2014

California wine country rocked by 6.0 quake, dozens hurt

By Jim Christie

NAPA Calif. (Reuters) – A 6.0 magnitude earthquake rocked wine country north of San Francisco early on Sunday, injuring more than 100 people, damaging historic buildings, setting some homes on fire and causing power outages around the picturesque town of Napa.

The quake, the biggest in the region in 25 years, jolted many residents out of bed when it hit at 3:20 a.m. (1020 GMT). It was centered 6 miles (10 km) south of the city of Napa, which is located about 50 miles northeast of San Francisco.

Aug 24, 2014

Bottle shock: Napa Valley quake shatters prized wine collections

, Aug 24 (Reuters) – Prized collections and
wooden casks crashed to cellar floors when a 6.0 magnitude
earthquake struck Napa Valley on Sunday, but damage to the
famous wine region at the start of harvest time might be limited
to a handful of wineries and warehouses.

Wineries closest to the city of Napa and the earthquake’s
epicenter reported the most serious losses after the pre-dawn
jolt, but the extent of damage was still unclear.

Aug 24, 2014

Quake rocks California’s Napa valley, causing damage

By Jim Christie

NAPA Calif. (Reuters) – An earthquake of 6.0 magnitude rocked the San Francisco Bay area early on Sunday, seriously injuring two people, damaging historic buildings, setting some homes on fire and causing power outages in the wine country around Napa.

The biggest quake in the region in 25 years jolted many residents out of bed when it hit at 3:20 a.m. local time (1020 GMT), centered six miles (10 km) south of the city of Napa.

Jan 11, 2014

Lawmaker seeks to halt bond sales for California high-speed rail

SAN FRANCISCO, Jan 10 (Reuters) – A Republican California
lawmaker proposed on Friday to put a measure before voters to
stop bond sales for the state’s planned high-speed rail system,
in the latest bid by critics to derail the ambitious project.

The rail system, a priority of Governor Jerry Brown, would
send passengers hurtling through the state’s fertile San Joaquin
Valley as they travel from San Francisco to Los Angeles. Lines
would eventually extend to San Diego and Sacramento.

    • About Jim

      "Jim Christie covers financial, economic and public debt matters of Western U.S. states along with general news. He previously covered network equipment manufacturers and venture capital, and prior to joining Reuters in late 2000 he covered dot-com start-ups for RedHerring.com and the U.S. economy for Investors Business Daily."
    • Follow Jim