Page 9 - California

SVB depositors, investors tried to pull $42 bn on Thursday amid jitters

At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order taking possession of the bank filed Friday by California's bank regulator

Silicon Valley Bank rocks California as founders join Napa vintners in fear

From wealthy founders to Napa vineyard owners, clients were scrambling to secure funds or find out basic information about what would happen to their deposits

Over 17mn people across California under flood watches ahead of a storm

More than 17.5 mn people across central and Northern California, including the San Francisco Bay area and state capital Sacramento, were under flood watches ahead of a storm set to lash the region

Drought conditions ease in California after winter storms bring rains, snow

According to the latest data released by US Drought Monitor (USDM) on Thursday, moderate or severe drought still covered about 49 per cent of the Golden State

Indian-origin judge unanimously named US district court's associate justice

An Indian-origin judge, Shama Hakim Mesiwala, has been unanimously confirmed as an associate justice of a district court of appeal in the US state of California. Mesiwala's appointment as an associate justice of the Third District Court of Appeal in California's Sacramento city was confirmed on February 14 by the Chief Justice of the Supreme Court of California, Patricia Guerrero, according to a press release by the Judicial Council of California. "Judge Mesiwala was confirmed by unanimous vote of the three-member commission, which included Chief Justice Guerrero (Chair); Attorney General Rob Bonta; and Acting Presiding Justice Ronald B. Robie," the press release said. Mesiwala, in her late 40s, fills the vacancy created by the retirement of Justice Coleman A. Blease. She has served as a Sacramento County Superior Court judge since 2017 and was a commissioner there in 2017. Mesiwala has been an adjunct professor at the University of California, Davis School of Law since 2013 and w

California hit hard by winter storm leading to heavy rainfall, snowfall

The powerful winter storm has continued to lash California, bringing heavy rainfall, snowfall and strong winds that led to road closure, flooding, power outage, among other damages

Tesla continues investment in US, announces engineering HQ in California

The announcement was made by Tesla CEO Elon Musk on Wednesday along with California Governor Gavin Newsom, who called it "another proof point of the renewable energy vibrancy that is California"

California won't require COVID vaccine to attend schools

Children in California won't have to get the coronavirus vaccine to attend schools, state public health officials confirmed on Friday, ending one of the last major restrictions of the pandemic in the nation's most populous state. Gov. Gavin Newsom first announced the policy in 2021, saying it would eventually apply to all of California's 6.7 million public and private schoolchildren. But since then, the crisis first caused by a mysterious virus in late 2019 has mostly receded from public consciousness. COVID-19 is still widespread, but the availability of multiple vaccines has lessened the viruses' effects for many offering relief to what had been an overwhelmed public health system. Nearly all of the pandemic restrictions put in place by Newsom have been lifted, and he won't be able to issue any new ones after February 28 when the state's coronavirus emergency declaration officially ends. One of the last remaining questions was what would happen to the state's vaccine mandate for

Chip-maker Intel to layoff nearly 340 employees at California campus in US

Calling it "difficult decisions,' chip-maker Intel is laying off nearly 340 employees at one of its campuses in the US

Another mass shooting in California leaves 7 dead, says report

A gunman killed seven people at two agricultural businesses in Northern California

At least 10 killed in mass shooting at dance club in US state of California

Meyer said it's too early in the investigation to know if the gunman knew anyone at the ballroom or if it was a hate crime or not

14 dead as storms persist with deluges, mudslide threats in California

California saw little relief from drenching rains Tuesday as the latest in a relentless string of storms swamped roads, turned rivers into gushing flood zones and forced thousands of people to flee from towns with histories of deadly mudslides. At least 14 people have died since last week. The storm prompted a few tornado warnings early Tuesday and brought heavy snow to the Sierra Nevada a day after dumping up to 14 inches (36 centimeters) of rain at higher elevations in central and Southern California. Miles of Sierra highways were subject to chain requirements and closures due to whiteout conditions, and avalanche warnings were posted in the backcountry. The Eastern Sierra's Mammoth Mountain ski resort reported 4.5 to 5.5 feet (1.4-1.7 meters) of snow, with more expected. After a brief respite, another storm was expected to barrel into parts of the state beginning Wednesday, adding to the misery and further saturating areas already at risk of flooding. The storms threatened coast

Elon Musk says he can't get fair trial in California, wants Texas

Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him. Instead, in a filing submitted late Friday less than two weeks before the trial was set to begin on January 17 Musk's lawyers argue that the trial should be moved to the federal court in the western district of Texas. That district includes the state capital of Austin, which is where Musk relocated his electric car company, Tesla, in late 2021. If a move isn't possible, Musk's lawyers want the trial postponed until negative publicity regarding Musk's purchase of Twitter has died down. For the last several months, the local media have saturated this district with biased and negative stories about Mr. Musk, attorney Alex Spiro wrote in a court filing. Those items have personally blamed Musk for recent layoffs at Twitter, Spiro wrote, and have charged that the job cuts may have even violated laws. Th

California braces for more stormy weather, rain and potential floods

California braced for more stormy weather with rain expected to sweep across the northern part the state on Saturday, raising the potential for road flooding, rising rivers and mudslides. Rain was forecast for the Bay Area Saturday with a brief dry period on Sunday and heavier storms due to arrive Monday. The National Weather Service issued a flood watch for a large swath of Northern and Central California with 6 to 12 inches (15 to 30 centimeters) of rain expected through Wednesday in the Sacramento-area foothills. In the Los Angeles area, light rain was forecast for the weekend with stormy conditions expected to return Monday with the potential for up to 8 inches (20 centimeters) of rain in the foothills. The wet weather comes after days of rain in California from Pacific storms. A series of recent weather systems have knocked out power to thousands, flooded streets, battered the coastline and caused at least six deaths. The storms won't be enough to officially end California's .

Deadly storm inflicts widespread damage across North California in US

A dead storm battering northern California has inflicted widespread damage, with huge waves washing away walls of homes, in addition to mudslides, sinkholes and flooding reported across the region

Authorities order evacuations in California as deadly storm pounds state

The storm comes just a year after California recorded one of its driest years on record

Boosters limit Omicron transmission in Californian prisons, finds study

The study, published in the journal Nature Medicine, demonstrated the benefits of vaccination and boosting, even in settings where many people are still getting infected, in reducing transmission

Indian-American convicted of making illicit profits worth $7.3 million

An Indian-American former IT professional has been convicted of four counts of securities fraud in California for using a publicly traded company's confidential inside information

6.4-magnitude earthquake kills 2, injures 11 in North California's Eureka

At least two people were killed and 11 others injured after a massive 6.4-magnitude earthquake struck Northern California's Eureka area

Holy grail: Limitless and zero-carbon fusion energy a step closer

But there's still a long way to create a viable tech for this