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ESCONDIDO, Calif. (KGTV) -- Suspects reportedly forced employees onto the ground and into a vault during a robbery at a credit union in Escondido, according to the FBI. Police were called to the San Diego County Credit Union on the 1800 block of South Center City Parkway just before 10 a.m. after receiving reports of a robbery. After arriving on scene, police confirmed that a takeover-style robbery had occurred. According to the FBI, four men entered the credit union completely covered and armed with weapons. The suspects ordered employees to the ground and forced an employee to go into the vault to retrieve money. After grabbing the cash, the suspects fled the credit union in a late 80 or early 90s suburban, the FBI says. 741
FBI agents who raided the home, office and hotel of Donald Trump's personal lawyer sought communications that Trump had with attorney Michael Cohen and others regarding the infamous "Access Hollywood" tape that captured Trump making lewd remarks about women, which surfaced a month before the election, according to sources familiar with the matter.The warrant's specific reference to Trump is the first known direct mention of the President in a search warrant, and sources said it appeared in connection with "Access Hollywood."One of the sources said the warrant also referenced an investigation into wire fraud and bank fraud. CNN previously reported FBI agents removed Cohen's computer, cellphone, business files and financial documents, according to the source.The search warrant also sought communications between then-candidate Trump and his associates regarding efforts to prevent disclosure of the tape, according to one of the sources. In addition, investigators wanted records and communications concerning other potential negative information about the candidate that the campaign would have wanted to contain ahead of the election. The source said the warrant was not specific about what this additional information would be.The warrant is the first indication that investigators suspect there was any effort to suppress the tape. It is not clear Cohen played any role in the Access Hollywood controversy.Another source familiar with the matter confirmed to CNN that agents sought information regarding the Access Hollywood tape, as The New York Times first reported.An attorney for Cohen didn't respond immediately to request for comment. Cohen's attorney has said the search was carried out on behalf of the US attorney's office in Manhattan in part because of a referral from special counsel Robert Mueller.The warrant itself also tracks very closely to information already known about efforts by Trump's team to suppress negative information about Stormy Daniels, a porn star who alleges a sexual encounter with Trump in 2006, and Karen McDougal, a former Playboy model who says she had an affair with Trump between 2006 and 2007, the source said. There were no other women beyond Daniels and McDougal named in the warrant in regard to the President, the source said.Three sources with knowledge believe that the information sought was not just to target Cohen but was also clearly aimed at discovering what Trump knew, if anything, about these efforts and any potential involvement he may have had in keeping the information from going public.Trump has denied relationships with both Daniels and McDougal.A source with knowledge of the matter said NBCUniversal, which produces "Access," has not been contacted by Mueller's office or the Southern District of New York. There has been no subpoena, the source said.An NBC spokesman declined to comment.The circumstances of the leaked Access Hollywood tape remain something of a mystery. NBC has long held that it was about to broadcast the tape when The Washington Post obtained and published it. 3085
Elon Musk's latest big idea is daring even by his standards: He wants to turn Tesla into a private company.He stunned investors on Tuesday with a tweet saying he had already lined up the funding, and he told employees that it would relieve the electric car company of the "enormous pressure" of Wall Street's expectations.In a letter to Tesla workers that was posted on the company's blog, Musk called his idea the "best path forward.""As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders," he wrote.He also said trading its stock publicly "means that there are large numbers of people who have the incentive to attack the company." Musk has complained repeatedly about short-sellers, who profit when Tesla stock drops.Musk, the CEO and largest shareholder, said on Twitter that the private funding valued Tesla at 0 per share. Tesla is already the most valuable automaker in the United States.The early afternoon tweet sent Tesla stock spiking by almost 9%. Trading in Tesla was halted for more than an hour before Tesla posted Musk's letter to employees on its blog. It finished up 11%, at 9.The stock had climbed slightly earlier in the day after the Financial Times reported that Saudi Arabia has quietly built a big stake in the company.At first, Tesla had declined comment on Musk's tweet, even as he casually engaged Twitter followers with more posts about his plans.Musk said that he hoped all current investors would stay with Tesla even if it went private. He said he would create a special fund to allow that. Fidelity, the investment firm, has such a fund for its stake in SpaceX, a separate private company also run by Musk.He pledged to hold on to his stake in the company, about 20%, no matter what. He said he was "super appreciative" of Tesla shareholders, and vowed to "ensure their prosperity in any scenario."Tesla has burned through cash while struggling to produce the Model 3, its lowest-priced electric car. That has driven the stock lower and raised concerns about whether Tesla will need to sell more shares to pay for expansion. Musk has insisted Tesla has no such need.Musk has also clashed repeatedly with critics, especially investors who have taken short positions on the stock, meaning they benefit when the price falls. He clashed with analysts on a contentious call after Tesla reported earnings three months ago.Gene Munster, managing partner at Loup Ventures and a top tech analyst, said the odds that Musk will take Tesla private were about one in three. But he said the idea made a certain amount of sense."Musk does not want to run a public company," Munster wrote on his website. "His mission for Tesla (to accelerate the globe's adoption of sustainable energy) is both grand and long-term, making it difficult to accommodate investors quarterly expectations."It would cost about billion to take Tesla private at 0 per share. Before Musk's tweet, Tesla had a market value of billion, already higher than that of General Motors or Ford, even though those companies are significantly larger and more profitable.In fact, Tesla has turned a narrow profit in only two quarters since it became a public company in 2010. Musk has vowed that the company will start turning a regular profit in the second half of this year.In a 2013 report, the SEC said companies can use social media outlets to announce important information, so long as they comply with regulations and "investors have been alerted about which social media will be used to disseminate such information."The SEC issued that report after Reed Hastings, the CEO of Netflix, used a Facebook post to congratulate Netflix's chief content officer on record-breaking viewership. Netflix stock moved higher as a result.Tesla said in a regulatory filing in 2013 that investors interested in keeping up with Tesla should follow Musk's account.The SEC declined comment on Musk's tweet.Musk has a history of outrageous behavior on Twitter.On April 1, amid rising market concerns about a cash crunch at Tesla, he tweeted an email announcing that Tesla would have to file for bankruptcy. The tweet was apparently an April Fool's joke.Musk also faced intense public criticism after he suggested in a tweet that one of the rescuers of the Thai soccer team trapped in a cave was a pedophile.He later deleted that tweet and apologized for that exchange, but at least one analyst suggested Musk needed to get off Twitter to restore investor confidence in the company.After Musk, the next largest shareholders in Tesla are the mutual fund giants T. Rowe Price and Fidelity, with stakes of more than 9% and 8%, respectively, according to Thomas Reuters Eikon.Scottish money manager Baillie Gifford, which recently urged Musk to focus less on tweeting and more on running the business, is the fourth-largest shareholder, with a nearly 8% stake. Chinese tech giant Tencent owns almost 5%.James Anderson, a Baillie Gifford fund manager who recently called out Musk's tweeting in an interview with Bloomberg, had no comment about Musk's tweets on Tuesday. Fidelity and T. Rowe Price also declined comment.— CNNMoney's Donna Borak contributed to this report.The-CNN-Wire 5277
FALLBROOK, Calif. (KGTV) — An 8-year-old child was killed Friday after being hit by a vehicle while walking with family in Fallbrook.The child was walking across the entrance to a parking lot on Heald Lane at about 6:30 p.m., when a vehicle turned into the parking lot and struck the child, according to California Highway Patrol.Paramedics arrived rushed the child to Rady Children's Hospital, however, the 8-year-old died on the way to the hospital.Two family members were with the child when the crash occurred. The driver of the vehicle, identified as a 58-year-old woman, remained at the scene.Drugs and alcohol are not suspected to be a factor, CHP said.The child and driver were not immediately identified. 746
ESPN is expected to cut at least another 100 employees after Thanksgiving, marking the company's third round of layoffs in the last three years, Sports Illustrated reported on Thursday. According to SI, the layoffs are expected to include several anchors from ESPN's longest-running program "SportsCenter." The layoffs are also expected to include other employees such as producers, executives and other staffers, SI reported. The layoffs to end 2017 come just seven months after ESPN laid off nearly 100 reporters from its roster. Among those laid off were basketball reporter Andy Katz, baseball reporter Jayson Stark and SportsCenter anchor Jay Crawford, to name a few. In 2015, ESPN laid off 300 employees, most of whom were behind the scenes staff. In recent years, ESPN has had to combat rising fees to carry live sports, coupled with a decline in cable television subscriptions. According to eMarketer, nearly 22 million former cable subscribers have "cut the cord" in recent years. 1034