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Bay Area Home Depot bookkeeper accused of $1.2 million theft

Published Tue, 04 Mar 2025 11:04:00 GMT

An employee at the Home Depot in San Rafael was arrested on allegations she embezzled about $1.2 million from the store, police said.Letitia Marie McAdoo, 42, of Richmond was arraigned in Marin County Superior Court on Thursday on three felony charges covering the 15-month span of the alleged crimes.The San Rafael Police Department opened a case after receiving information from an internal investigative team at Home Depot. McAdoo worked in the financial office at the store, said San Rafael police Lt. Scott Eberle.McAdoo allegedly manipulated financial records so she could take cash from the business. When police arrested her Tuesday at the store on Shoreline Parkway, she had about $1,500 in her bra, Eberle said.Investigators searched her vehicle and home, finding thousands of dollars in cash. They also found expensive designer clothing at the residence.Related ArticlesCrime and Public Safety | Suspect charged in two killings outside East Bay gym Crime and Public Safe...

When Disneyland passholders will get their share of $9.5 million Magic Key settlement

Published Tue, 04 Mar 2025 11:04:00 GMT

Disneyland annual passholders hoping to use their share of the $9.5 million Magic Key settlement for some Christmas shopping on Main Street USA will have to wait to spend their bounty instead on the Disney California Adventure Food & Wine Festival.A U.S. District Court judge granted preliminary approval this week of the $9.5 million payout after the Anaheim theme park agreed to a class action lawsuit settlement over allegedly “deceptive” Magic Key blockout dates, according to court documents.SEE ALSO: How to get your Disneyland Magic Key class action settlementDisney agreed in September to settle the federal lawsuit filed in California alleging that annual passholders who purchased the $1,399 Dream Key in 2021 were unable to make theme park reservations at Disneyland and Disney California Adventure despite the promise of “no blockout dates.”U.S. District Court Judge David O. Carter set a final approval hearing for the Disneyland Magic Key class action settlement on Feb. 20, acco...

Mortgage rates advance toward 8%

Published Tue, 04 Mar 2025 11:04:00 GMT

Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical uncertainty in the Middle East.The 30-year fixed-rate mortgage averaged 7.63% in the week ending October 19, up from 7.57% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 6.94%.“Mortgage rates continued to approach 8% this week, further impacting affordability,” said Sam Khater, Freddie Mac’s chief economist, in a statement.The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. The survey includes only borrowers who put 20% down and have excellent credit. A current buyer’s rate may be different.Not only are homebuyers feeling the impact of rising rates, but home builders are as well, Khater said.“Construction of new homes rebounded in September but as rates keep rising, home builders appear to be losing confidence,” he said. “As a result, we expect ...

Review: David Cornwell: The author who came in from the cold

Published Tue, 04 Mar 2025 11:04:00 GMT

By Lindsey Bahr | Associated PressErrol Morris’s conversation with the late David Cornwell in ” The Pigeon Tunnel ” is fascinating even without the filmmaking flourishes.Cornwell, better known by his pen name John le Carré, was the spy-turned-novelist whose tales of espionage and betrayal defined an era, gave literary heft to a genre and inspired numerous adaptations. And here, Morris challenges him to reflect on his unconventional childhood — his con-man father, his mother who left him at 5 never to return — on through his time in the secret services and beyond. You hear how he quite literally began life on the run, how he learned to be a “little spy” from quite a young age, how his father loomed so large in his imagination and how untrustworthy his own memory even turned out to be.It could have been just a transcript; It would have been a must-read.Cornwell died in 2020 at 89, and this film which will be streaming on Apple TV+ Friday, is said to be hi...

Philp: Is Newsom moving to the center as California becomes more liberal?

Published Tue, 04 Mar 2025 11:04:00 GMT

In navigating the gauntlet of bills from the California Legislature, Gov. Gavin Newsom largely rejected legislation that would have created more state spending in a budget deficit year. Instead, Newsom signed bills that will force new mandates on big private sector companies. He’s initiated a focus on new government requirements to increase certain minimum wages and expand climate change monitoring, as two examples.But after five years of budget surpluses, Newsom appears to be ending an expansion of government with budget deficits looming in coming years. These actions may give the impression that Newsom, perhaps driven by national political ambitions, is moving to the center politically. The governor did, after all, veto bills to distribute condoms in high schools and to legalize the recreational use of psychedelics. Don’t be fooled.It is the Legislature that is continuing to shift to the leftward, creating a political/optical illusion that it is Newsom who is evolving into somethi...

Berkshire Hills: Q3 Earnings Snapshot

Published Tue, 04 Mar 2025 11:04:00 GMT

BOSTON (AP) — BOSTON (AP) — Berkshire Hills Bancorp Inc. (BHLB) on Friday reported third-quarter net income of $19.5 million.The Boston-based company said it had net income of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.The bank holding company posted revenue of $165.5 million in the period. Its adjusted revenue was $109.8 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $109.3 million.Berkshire Hills shares have fallen 33% since the beginning of the year. The stock has dropped 30% 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 BHLB at https://www.zacks.com/ap/BHLBSource

World Acceptance: Fiscal Q2 Earnings Snapshot

Published Tue, 04 Mar 2025 11:04:00 GMT

GREENVILLE, S.C. (AP) — GREENVILLE, S.C. (AP) — World Acceptance Corp. (WRLD) on Friday reported net income of $16.1 million in its fiscal second quarter.The Greenville, South Carolina-based company said it had net income of $2.71 per share.The subprime consumer lender posted revenue of $136.9 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 WRLD at https://www.zacks.com/ap/WRLDSource

Israel doesn’t plan to control ‘life in Gaza’ after destroying Hamas, defense minister says

Published Tue, 04 Mar 2025 11:04:00 GMT

Palestinian children displaced by the Israeli bombardment of the Gaza Strip walk in a UNDP-provided tent camp in Khan Younis on Thursday, Oct. 19, 2023. (AP Photo/Fatima Shbair)(AP/Fatima Shbair) Palestinian children displaced by the Israeli bombardment of the Gaza Strip walk in a UNDP-provided tent camp in Khan Younis on Thursday, Oct. 19, 2023. (AP Photo/Fatima Shbair)(AP/Fatima Shbair) KHAN YOUNIS, Gaza Strip (AP) — Israel’s defense minister said Friday that after the country destroys the Hamas militant group, the military does not plan to control “life in the Gaza Strip”Defense Minister Yoav Gallant’s comments to lawmakers were the first time an Israeli leader discussed its long-term plans for Gaza.Gallant sai...

Israel’s defense minister says that after crushing Hamas, the military does not plan to control “life in the Gaza Strip”

Published Tue, 04 Mar 2025 11:04:00 GMT

JERUSALEM (AP) — Israel’s defense minister says that after crushing Hamas, the military does not plan to control “life in the Gaza Strip.”Source

American Express: Q3 Earnings Snapshot

Published Tue, 04 Mar 2025 11:04:00 GMT

NEW YORK (AP) — NEW YORK (AP) — American Express Co. (AXP) on Friday reported third-quarter profit of $2.45 billion.The New York-based company said it had profit of $3.30 per share.The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.96 per share.The credit card issuer and global payments company posted revenue of $15.38 billion in the period, which fell short of Street forecasts. Thirteen analysts surveyed by Zacks expected $15.41 billion.American Express shares have climbed slightly more than 1% since the beginning of the year, while the S&P’s 500 index has climbed 11%. The stock has risen roughly 4% 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 AXP at https://www.zacks.com/ap/AXPSource