Latest news with #San Jose
CBS News
7 hours ago
- CBS News
2 suspects in May stabbing in San Jose arrested in Oakland, Salinas
Two men suspected of attempted murder in a May stabbing incident in San Jose were arrested last week, authorities said Wednesday. The San Jose Police Department said in a press release that officers responded at about 1:13 a.m. to a hospital in the city after a man had arrived with multiple stab wounds. Officers determined the man had been assaulted by multiple male suspects about an hour and a half earlier on the 1000 block of North Fourth Street, just south of the U.S. Highway 101 / Highway 87 interchange. Police said the victim was left unconscious at the scene and was suffering from life-threatening injuries. He was taken to the hospital by witnesses, and the suspects fled the scene before officers arrived, police said. The investigation resulted in the identification of two suspects, 42-year-old Cesar Castellanos and 45-year-old David Ramirez, according to police. Detectives obtained arrest and search warrants for both suspects and their homes, and on July 24, Castellanos was arrested in Oakland while Ramirez was arrested in Salinas. The two men were booked into Santa Clara County Main Jail on charges of attempted homicide and assault with a deadly weapon. Police said that during the execution of the search warrants, detectives found an unregistered firearm. Anyone with information about this case or similar cases was asked to contact Detective Tong #4774 of the San José Police Department Assaults Unit via email: 4774@ or weapon. During the execution of the search warrants, Detectives located an unregistered firearm.
Yahoo
3 days ago
- Business
- Yahoo
Chip design software provider Cadence raises annual sales forecast
(Reuters) -Cadence Design Systems raised its sales forecast for the year on Monday, after the U.S. lifted export curbs on chip design software to China earlier this month, allowing the company to resume sales to the key market. Shares of the San Jose, California-based company rose 7% in extended trading after rising about 10% this year. The company expects annual revenue between $5.21 billion and $5.27 billion, up from its earlier forecast of sales between $5.15 billion and $5.23 billion. "Cadence delivered excellent results for Q2, with broad-based strength across all businesses, more than offsetting the impact of the temporary restrictions on exports to China imposed on May 23rd," Chief Financial Officer John Wall said in a statement. Removal of the restrictions, which were announced late in May, allowed Cadence to again service the market that brings over 10% of revenue for the company, after an initial suspension of services to China had hurt sales and investor sentiment. The company reported revenue of $1.28 billion for the June quarter, beating analysts' average estimate of $1.25 billion, according to data compiled by LSEG.
E&E News
3 days ago
- Business
- E&E News
EPA touts first-ever deal under accidental toxic release rule
The Trump administration is touting a first-ever enforcement action aimed at ensuring that major industries promptly report accidental releases of toxic air pollution to the Chemical Safety Board. The announcement, though, comes on the heels of the administration seeking to abolish the board. As part of the White House's budget request for next year, the investigative agency would be 'permanently canceled' at the end of September 2026.. Under the settlement announced Monday, Pacific Gas and Electric, one of the nation's largest utilities, agreed to a $45,273 penalty for failing to report a June 2023 mishap at a San Jose, California, natural gas distribution facility that sent an employee to the hospital. Advertisement While PG&E notified EPA's National Response Center and the Pipeline and Hazardous Materials Safety Administration, the utility 'did not submit a report directly to CSB within eight hours of the accidental release' as required by 2020 regulations, according to the settlement, which federal regulators hope will set a precedent for the future.
Associated Press
23-07-2025
- Business
- Associated Press
Ayla Networks Appoints Chris Williams as Global Sales Leader
SAN JOSE, Calif.--(BUSINESS WIRE)--Jul 23, 2025-- Ayla Networks, a leading smart home connectivity platform provider, today announced Chris Williams has joined the company as its Vice President and Global Sales Leader. In this role, Williams will lead Ayla's sales efforts around the world, working closely with manufacturers, retailers, and channel partners to accelerate the company's growth in the IoT and smart home markets. Williams joins Ayla Networks most recently from DVSAnalytics, where he served as Head of Global Sales. In that position, he led sales and marketing teams delivering solutions for the Customer Experience (CX) market. Previously, he held sales leadership roles at ConvergeOne, where he was responsible for driving sales growth in the company's SaaS solutions and managed service product offerings. 'We are thrilled for Chris to join Ayla at this critical juncture. Chris brings a wealth of experience in leading complex sales cycles, building high-performing teams, and cultivating lasting customer relationships,' said John Grady, CEO of Ayla Networks. 'His background in enterprise sales and developing robust channel strategies aligns closely with Ayla's vision for scaling connected home solutions globally.' 'I'm excited to join Ayla Networks at a time when smart home ecosystems are rapidly evolving,' said Williams. 'Ayla's ability to enable secure, differentiated connected products provides a strong foundation for growth. I look forward to working with our customers and partners to drive innovation and long-term success.' About Ayla Networks Ayla Networks, based in San Jose and with offices in China, India, and Taiwan, is a leading provider of an advanced cloud-based platform that empowers manufacturers, developers, and retailers to bring smart home devices to market quickly and efficiently. Ayla's platform encompasses devices, firmware, cloud services, and user applications to drive the development of differentiated connected products and services. Trusted by leading global brands and connecting millions of devices since 2010, Ayla's platform is renowned for its flexibility, scalability, and security. View source version on CONTACT: Robert Lutz Marketing, Ayla Networks [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: HOME GOODS SOFTWARE HARDWARE CONSUMER ELECTRONICS TECHNOLOGY APPS/APPLICATIONS IOT (INTERNET OF THINGS) RETAIL SOURCE: Ayla Networks Copyright Business Wire 2025. PUB: 07/23/2025 11:00 AM/DISC: 07/23/2025 11:01 AM
Yahoo
23-07-2025
- Business
- Yahoo
Meme-Stock Doubters Eye Hedge-Fund Strategy to Bet on Reversal
(Bloomberg) -- Barclays Plc says that it's about time to pump the brakes on a meme stock craze that's driven sharp rallies in companies like Kohl's Corp. and Opendoor Technologies Inc. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital Retail traders have been piling into these unlikely names and sending their shares soaring, showing a kind of fervor that harkens back to the mania around GameStop Corp. shares during the Covid-19 pandemic. But these stocks can fall as suddenly as they rise, which is why Stefano Pascale at Barclays says one potential tactic is a popular hedge-fund strategy known as the dispersion trade. It involves a combination of options in single stocks and contracts on a broad index like the S&P 500 Index. In this case, investors could use options to bet that a basket of meme stocks will continue to be far more volatile than the S&P 500. For traders wanting to take a more directional bet on the frothiest companies, they can buy puts that would benefit if these shares reverse course. 'There are certain corners of the market where it does feel very bubbly,' said Pascale, head of US equity derivatives strategy at Barclays. He and his colleague Anshul Gupta have been warning about untethered market exuberance since the start of July. They point to a rush of companies going public by merging with blank-check companies, as well as the rally in Cathie Wood's ARK Innovation ETF. The fund is bullish on a swath of tech stocks and is up 73% in the last three months. These are 'signs that we typically associate with a frothy market,' they wrote in July 1 note. Social media buzz has spurred an outsized rally in retailer Kohl's, which rose as much as 105% on Tuesday. Shares of Opendoor, a platform for buying and selling real estate, are up more than 440% since the start of the month. Mounting Euphoria Last week, the Barclays Equity Euphoria Indicator, which uses options data to quantify investors' giddiness, jumped to its highest level since late December. 'A lot of people may recognize that there is a bubble and they may recognize that in the end, they will have to unwind in some form or another,' Pascale said. The challenge facing traders is how to pick the losers. In a Monday note, Piper Sandler Cos. identified two stocks up significantly this year that could be dispersion-trade candidates. It's bearish on beverage maker Celsius Holdings Inc., which is up 68% in 2025 and trades at a lofty price-to-earnings ratio of 77.6. Another is NRG Energy Inc., up 71% this year. 'To me, the activity is starting to have much more of a 2021 feel to it,' said Interactive Brokers' chief strategist Steve Sosnick, referring to the peak of the GameStop frenzy. But Sosnick isn't convinced the dispersion trade is the right way to play the meme stock resurgence, because the companies involved aren't big components of gauges like the S&P 500. In the case of Opendoor, it's not a member of the benchmark index. That makes it harder to bet on divergences between individual names and the wider market. 'It might be more appropriate if we were discussing Nvidia, or Microsoft,' he said. 'In this case I think it is purely idiosyncratic.' Another challenge is predicting when stocks might fall. 'Bubbles can persist for a very, very long time, especially if there's liquidity being provided to the market,' said Barclays' Pascale. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. Sign in to access your portfolio
