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SAN DIEGO (KGTV) - President Trump issued an order Monday prohibiting Broadcom’s attempt to take over San Diego-based Qualcomm, citing national security.Broadcom had made several efforts to buy the chip maker in recent months. All offers were rejected by Qualcomm, which said the bids undervalued the company.The most recent offer, made in February, was over 1 billion. RELATED: Qualcomm delays shareholder vote on Broadcom takeoverThe possible takeover raised security concerns and led to an investigation by the Committee on Foreign Investment in the U.S. In Monday's release, President Trump reportedly cited national security concerns."There is credible evidence that leads me to believe that Broadcom Ltd. ... might take action that threatens to impair the national security of the United States," the president said in a release, Bloomberg reported.The concerns echo issues voiced in a letter to Trump by Congressman Duncan Hunter, who serves California's 50th District including much of San Diego's East County.RELATED: Paul Jacobs leaves Qualcomm's executive management"I have seen San Diego defense companies suffer massive theft of intellectual property by agents of China’s government and the defense industrial complex with which it is inextricably entwined," Hunter said in a release. "Fact remains, if Broadcom consumes Qualcomm, theft of their intellectual property by China becomes easier.Singapore-based Broadcom has voiced the intention to move its headquarters to the U.S. to ease concerns over the proposed takeover. Hunter responded to that intention saying, "press releases of intentions is not the same as physical action."The takeover attempts coincided with changes in corporate leadership.RELATED: Qualcomm rejects Broadcom's 'best and final' offerOn Friday, Qualcomm announced executive Paul Jacobs -- the son of Qualcomm founder Irwin Jacobs - "will no longer serve in an executive management capacity" but "will continue to serve on the Qualcomm Board."Under the terms of the Presidential Order, all of Broadcom’s director nominees are also disqualified from standing for election as directors of Qualcomm, according to the company.Qualcomm was also ordered to reconvene its 2018 Annual Meeting of Stockholders on the earliest possible date, which is March 23.If Broadcom had been allowed to buy Qualcomm, it would have made the firm the world’s third-largest chip company behind Intel and Samsung.Any buyout would also have had a significant impact on San Diego's economy. Qualcomm was founded in 1985 and is one of the region's largest employers. It employs more than 33,000 people worldwide. 2684
SAN DIEGO (KGTV) -- Police Monday arrested a suspect they say beat a 72-year-old man with a crowbar during a carjacking. Police say Daniel Dubois, 33, was arrested for the incident. According to police, the incident happened on the 5000 block of Kesling Street in Clairemont Mesa East around 9:47 a.m. Monday. Police say the 72-year-old drove up to his home only to find a man trying to break into his garage with a crowbar. RELATED: Robbers beat, rob 87-year-old Clairemont man during home invasion, police sayWhen the man tried to confront the suspect, police say the suspect attacked the 72-year-old with the crowbar before driving away with his Toyota Sienna. Police say the victim suffered major head injuries in the attack. The incident happened less than a week after an 87-year-old man was beaten by three men who broke into his Clairemont home. The victim in that attack says he was working on a ceiling fan with the door open when the suspects stormed in. 974
SAN DIEGO (KGTV) - Only in their second year of operation, Wheels of Change is preparing for a major expansion this year.San Diego teenager, Kevin Barber, and his mom, Carolyn Barber, MD, initially launched the program in 2018 in partnership with Alpha Project.Homeless individuals are paid /hr to clean up trash, traveling together in a van to different job sites. Thanks to new sources of funding, the nonprofit will be able to expand crews from 10 to 20 individuals, serving the community five days a week. "We were able to show the world, hey this works! Let's keep funding it more and let's expand the program," said Kevin. The city committed 0,000 to help fund the program, and they've also raised additional funding privately and from foundations. The Lucky Duck Foundation, Davis Charitable Fund, SDGE, the Danna Foundation, and multiple others, have been financial and/or strategic supporters of Wheels of Change at Alpha Project.Wheels of Change plans to employ over 5,200 homeless individuals in 2019, up from 375 their first year. 1057
SAN DIEGO (KGTV) -- Portions of San Diego County are gearing up for more dry, windy weather as a red flag warning and potential power outages loom.According to the National Weather Service, the warning goes into effect from 4 a.m. Monday through 10 p.m. Tuesday for the mountains and valleys.The agency says east winds of 20 to 30 miles per hour are expected, with gusts up to 50 miles per hour and isolated gusts up to 60 miles per hour.RELATED: Check your local forecastHumidity will also be low, with values around 10%, the agency said Sunday.“Any fires that develop will spread rapidly. Outdoor burning should be avoided,” the National Weather Service said.SDG&E warned customers to prepare for the red flag warning, adding that it has alerted about 50,483 customers that they could be without power starting Monday night and lasting until Wednesday, depending on the severity of winds."Our crews remain on high alert and stand prepared to respond as needed to the next round of Santa Ana winds expected to impact our region. With our customers just now recovering from disruptive Public Safety Power Shutoffs (PSPS) due to the last Red Flag Warning, we hope Mother Nature will be kind to our region in the coming days and weather conditions improve," the company said.SDG&E customers in several areas of the county already endured outages last week after the first round of high winds. The company said that the last of the approximately 70,000 customers who experienced outages had their power restored on Saturday morning. 1545
SAN DIEGO (KGTV) -- New and expecting parents are still reeling at the news that all Toys ‘R’ Us and Babies ‘R’ Us stores will be closing.Before the closures started, most families could find a store within close range. Once Toys ‘R’ Us is gone, families can visit their competitor Buy Buy Baby, but the closest one is in Encinitas.Parents with younger children also have concerns. Liliana Hatoum’s baby boy is only one month old and she still has a bunch of gift cards. Toys ‘R' Us told USA Today they’re only going to honor gift cards for 30 days.If people don’t use them quickly, there may not by much left on the shelves. Gift cards sold in California can’t expire or charge a service fee.California law also requires merchants to provide cash back to the purchaser or holder of any gift card with a balance less than . 839