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Walters: Lengthy California water rights battle moves into the Legislature

Published Fri, 21 Feb 2025 17:16:00 GMT

After its first committee hearing, Assembly Bill 1337 was amended last week, which could be the opening salvo of a monumental political and legal war over who controls access to water in California – an issue that stretches back to the state’s founding in 1850.If enacted as now proposed, AB 1337 would overturn a key state appellate court decision and give the state Water Resources Control Board the legal authority to curtail diversions from rivers – even by those who now hold the most senior water rights, those gained prior to the state asserting authority over water in 1914.The legislation, carried by Assemblymember, D-Oakland, would bolster a years-long drive by environmental groups to enhance natural river flows by reducing agricultural diversions during periodic droughts.The stage was set eight years ago when, during one such drought, then-Gov. Jerry Brown declared an emergency and the water board attempted to impose restrictions on pre-1914 rights holders, contending that there...

East Bay carjacking suspect arrested after striking, injuring construction worker on 1-80

Published Fri, 21 Feb 2025 17:16:00 GMT

One man was arrested and another seriously injured Tuesday morning as authorities chased a carjacking suspect on Interstate 80 through Solano County.Just after 10:20 a.m., the California Highway Patrol’s Golden Gate Communications Center broadcast that the Contra Costa County Sheriff’s Office was pursuing a carjacking suspect driving a white Acura on I-80 east at I-780. The carjacking had reportedly occurred the day before in Oakland.The Acura was traveling recklessly, an official said, and the chase was halted.But just after 10:35 a.m., the Acura entered an active construction zone in the center median of eastbound 80 and drove behind a temporary k-rail. As the driver approached Alamo Drive, it crashed into a truck and a construction worker before stopping, the CHP said.Related ArticlesCrime and Public Safety | Bay Area foursome arrested in high-speed Santa Cruz County pursuit Crime and Public Safety | DA charges Oakland man in fatal shooting of girlfrien...

Susan Harriman to step down as UCSC’s athletics director

Published Fri, 21 Feb 2025 17:16:00 GMT

SANTA CRUZ — UC Santa Cruz Director of Athletics and Recreation Susan Harriman, who led the Banana Slugs to significant growth and success over the past 5 1/2 years, announced she will step down from the post effective May 5.Courtnie Prather, UCSC’s senior associate director of athletics & recreation and senior woman administrator designate, will serve as interim director of athletics & recreation.Harriman’s leadership led to the university becoming a founding member of the Coast-To-Coast Athletic Conference in 2020. The structure and format of the conference was innovative and imaginative for enhancing the student-athlete experience while balancing the prestige and geographic challenge of being the only remaining Division III institution in Northern California. The formation of the new C2C conference was also paramount in allowing UCSC to compete for automatic bids to NCAA championships in 13 of its 17 varsity sport programs.Eight teams have made the NCAA championships duri...

Bay Area foursome arrested in high-speed Santa Cruz County pursuit

Published Fri, 21 Feb 2025 17:16:00 GMT

CAPITOLA — Officers arrested four Bay Area men they say led them on a high-speed highway pursuit in a stolen vehicle early Tuesday morning.Officers successfully deployed a spike strip in the Capitola area of Highway 1 during a high-speed vehicle chase Tuesday. (California Highway Patrol — Contributed) The chase began shortly before 2 a.m. on southbound Highway 1, when the California Highway Patrol attempted to pull over an allegedly speeding driver in a black 2017 Hyundai Tucson. The vehicle had been reported stolen out of Oakland earlier this month. Pursuing the vehicle from north of Buena Vista Drive in Freedom, the officer followed the SUV to the Main Street offramp. There, the driver performed a U-turn back onto the highway, headed northbound.Officers recovered a Ruger .40-caliber handgun discarded on the path where the car’s occupants fled near the 41st Avenue onramp to Highway 1. (California Highway Patrol — Contributed) The driver, later identified by police as Josu...

Rogers Communication: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 17:16:00 GMT

TORONTO (AP) — TORONTO (AP) — Rogers Communication Inc. (RCI) on Wednesday reported first-quarter earnings of $377.9 million.The Toronto-based company said it had profit of 74 cents per share. Earnings, adjusted for non-recurring costs, came to 81 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.The communications and media company posted revenue of $2.84 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.71 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RCI at https://www.zacks.com/ap/RCISource

American Tower: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 17:16:00 GMT

BOSTON (AP) — BOSTON (AP) — American Tower Corp. (AMT) on Wednesday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.The real estate investment trust, based in Boston, said it had funds from operations of $1.19 billion, or $2.54 per share, in the period.The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $2.38 per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $335.8 million, or 72 cents per share.The wireless communications infrastructure company posted revenue of $2.77 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $2.74 billion.American Tower expects full-year funds from operations in the range of $9.53 to $9.76 per share.The company’s shares have decreased almost ...

Alkermes: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 17:16:00 GMT

DUBLIN (AP) — DUBLIN (AP) — Alkermes PLC (ALKS) on Wednesday reported a loss of $41.8 million in its first quarter.On a per-share basis, the Dublin-based company said it had a loss of 25 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.The drugmaker posted revenue of $287.6 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $284.2 million.Alkermes shares have increased 17% since the beginning of the year. The stock has risen 7% 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 ALKS at https://www.zacks.com/ap/ALKSSource

Healthcare Services: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 17:16:00 GMT

BENSALEM, Pa. (AP) — BENSALEM, Pa. (AP) — Healthcare Services Group Inc. (HCSG) on Wednesday reported first-quarter earnings of $12.7 million.The Bensalem, Pennsylvania-based company said it had profit of 17 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.The provider of housekeeping, laundry and dietary services to health care facilities posted revenue of $417.2 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $423.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCSG at https://www.zacks.com/ap/HCSGSource

Beasley: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 17:16:00 GMT

NAPLES, Fla. (AP) — NAPLES, Fla. (AP) — Beasley Broadcast Group Inc. (BBGI) on Wednesday reported a loss of $3.5 million in its first quarter.On a per-share basis, the Naples, Florida-based company said it had a loss of 12 cents.The radio broadcaster posted revenue of $57.8 million in the period.The company’s shares closed at 77 cents. A year ago, they were trading at $1.75._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBGI at https://www.zacks.com/ap/BBGISource

CME: Q1 Earnings Snapshot

Published Fri, 21 Feb 2025 17:16:00 GMT

CHICAGO (AP) — CHICAGO (AP) — CME Group Inc. (CME) on Wednesday reported first-quarter net income of $883.8 million.The Chicago-based company said it had net income of $2.43 per share. Earnings, adjusted for one-time gains and costs, were $2.42 per share.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.44 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.42 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CME at https://www.zacks.com/ap/CMESource