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LOS ANGELES (AP) — California’s workplace safety regulator has cited a frozen food manufacturer and its temporary employment agency for failing to protect hundreds of employees from the coronavirus at two Los Angeles area plants. California’s Occupational Safety and Health Administration issued citations this month to Overhill Farms and Jobsource North America and proposed over 0,000 in penalties for each company. The companies could not be immediately reached for comment. Officials say the employers did not take steps to keep workers the required six feet away from each other to prevent the spread of the virus. 630

LOS ANGELES (CNS) - The Securities and Exchange Commission announced Friday that Calabasas-based Cheesecake Factory Inc. will pay a 5,000 penalty for making "false or misleading" disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition.This is the first time the SEC has brought allegations against a public company for misleading investors about the financial effects of the pandemic.According to the SEC's order, the Cheesecake Factory restaurant group said in regulatory filings in March and April that its eateries were "operating sustainably," while failing to disclose that the company was losing roughly million in cash per week and had just 16 weeks of cash remaining.The order finds that although the company did not disclose the information in its filings, the group did share the particulars with potential private equity investors or lenders as it sought additional liquidity during the public health crisis.Without admitting the SEC's findings, the restaurant company agreed to pay the penalty and to cease-and-desist from further violations of the charged provisions. In determining to accept the settlement, the SEC said it considered the cooperation afforded by the company.A Cheesecake Factory representative pointed to a disclosure form filed Friday in which the company stated it was in full compliance with the cease- and-desist order and that the company "fully cooperated with the SEC in the settlement" without admitting or denying the regulators' allegations.The order also finds that although the March filing described actions the company had undertaken to preserve financial flexibility during the pandemic, it failed to disclose that Cheesecake Factory already had informed its landlords that it would not pay rent in April due to the impacts that COVID- 19 inflicted on its business."During the pandemic, many public companies have discharged their disclosure obligations in a commendable manner, working proactively to keep investors informed of the current and anticipated material impacts of COVID-19 on their operations and financial condition," SEC Chairman Jay Clayton said. "As our local and national response to the pandemic evolves, it is important that issuers continue their proactive, principles-based approach to disclosure, tailoring these disclosures to the firm and industry-specific effects of the pandemic on their business and operations. It is also important that issuers who make materially false or misleading statements regarding the pandemic's impact on their business and operations be held accountable."Cheesecake Factory had notified its landlords that it wouldn't pay rent on April 1 due to financial complications stemming from the coronavirus outbreak. A letter sent by Chief Executive David Overton to the restaurant group's landlords -- many of which are shopping mall operators -- was released publicly in March by Eater L.A.The company has 294 restaurants in North America, 39 in California and five in San Diego County.Its largest landlord is Indianapolis, Indiana-based real estate company Simon Property Group, which provides space for 41 Cheesecake Factory locations, according to the San Fernando Valley Business Journal."When public companies describe for investors the impact of COVID-19 on their business, they must speak accurately," said Stephanie Avakian, director of the SEC's Division of Enforcement. "The Enforcement Division, including the Coronavirus Steering Committee, will continue to scrutinize COVID- related disclosures to ensure that investors receive accurate, timely information, while also giving appropriate credit for prompt and substantial cooperation in investigations." 3725

LONDON, England – Anglophiles received a treat over the weekend with another intimate glimpse into the life of England’s royal family.The Duke and Duchess of Cambridge released new photos of their family in honor of Father’s Day and Prince William’s birthday, both of which landed on Sunday.The first photo released by the monarchs was of William and his three children, Princess Charlotte alongside Princes George and Louis. The sweet picture of them on a swing was taken by Duchess Kate herself earlier this month. 524

LOS ANGELES (AP) — Hard-hit California has eclipsed 2 million coronavirus cases as the U.S. heads into a Christmas travel surge that could fuel the deadly crisis across the nation. Over 1.19 million travelers passed through the nation’s airport security checkpoints Wednesday. Airports also recorded around 1 million travelers on each of the five days between last Friday and Tuesday.Deaths per day in the U.S. have repeatedly topped 3,000 over the past two weeks.Dr. Anthony Fauci, the government’s top infectious-disease expert, said he is particularly worried about travel between Christmas and New Year’s. Fauci, who turned 80 on Thursday, said he and his wife would be celebrating his birthday and the holidays with their children on Zoom. 752

LONDON — A new study by researchers at Oxford University suggests that time spent playing video games can be good for mental health. The finding comes as video game sales this year have boomed as more people are stuck at home because of the pandemic and many countries have once again imposed limits on public life. So go ahead and stop feeling bad about the extra gaming time during the pandemic. The paper released Monday is based on survey responses from people who played two games, Plants vs Zombies: Battle for Neighborville and Animal Crossing: New Horizons. In a first, the study used data provided by the game makers, Electronic Arts and Nintendo of America, on how much time the respondents spent playing, unlike previous research that relied on imprecise estimates from the players. The researchers at the Oxford Internet Institute said they found the actual amount of time spent playing was a small but significant positive factor in people’s well-being.The paper, which hasn’t been peer reviewed, said the level of enjoyment that players get from a game could be a more important factor for their well-being than mere playing time.The results could cast doubt on long-held assumptions that gaming causes aggression or addiction, though the authors acknowledge they are only a snapshot.“Our findings show video games aren’t necessarily bad for your health; there are other psychological factors which have a significant effect on a persons’ well-being,“ said Andrew Przybylski, the institute’s director of research. “In fact, play can be an activity that relates positively to people’s mental health – and regulating video games could withhold those benefits from players.” 1693