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LOS ANGELES (AP) — U.S. Customs and Border Protection says its officers at the Los Angeles-Long Beach ports complex recently seized more than 14,800 pairs of counterfeit Nike shoes in a shipment arriving from China.The agency says Wednesday that had the fake special edition and retro design shoes been real, the manufacturer's suggested retail prices would have totaled more than .2 million.The shoes were in two containers with contents declared as napkins.The agency says the shoes violated protected designs and trademarks for various versions of Nike's Air Jordan and Air Max shoes.Customs and Border Protection says collectors might pay between ,500 and ,000 for a legitimate pair of the shoes. 714

LONDON (AP) — Don't worry: Daisy is fine. The owners of the St. Bernard that collapsed while descending on England's tallest mountain say she's recovering well after a mountain rescue team helped her to safety. 219

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

LOS ANGELES (AP) — President Donald Trump is threatening to cut U.S. funding to California for aid during wildfires that have burned across the state during dry winds this fall.The Governor of California, @GavinNewsom, has done a terrible job of forest management. I told him from the first day we met that he must “clean” his forest floors regardless of what his bosses, the environmentalists, DEMAND of him. Must also do burns and cut fire stoppers.....— Donald J. Trump (@realDonaldTrump) November 3, 2019 517

LOS ANGELES (AP) — Authorities lifted all evacuation orders as firefighters made progress Sunday on a large blaze that sent thousands fleeing homes and farms northwest of Los Angeles.Crews working in steep terrain were tamping down hotspots and keeping an eye on lingering gusts in mountain areas that could carry embers, said Ventura County Fire Capt. Steve Kaufmann."I'd say we're cautiously optimistic," Kaufmann said, citing calmer winds overall and rising humidity levels.Firefighters have contained 50% of the blaze, which has burned nearly 15 square miles (39 sq. kilometers) of dry brush and timber. Three buildings were destroyed.More than 11,000 people evacuated after the flames spread Oct. 31 during dry winds that fanned fires across the state this fall.In his first recent comments on the California fires, President Donald Trump threatened to cut U.S. aid funding to the state.California Gov. Gavin Newsom has done a "terrible job of forest management," Trump tweeted. When fires rage, the governor comes to the federal government for help. "No more," the president tweeted.Newsom replied with a tweet of his own: "You don't believe in climate change. You are excused from this conversation."The state controls a small percentage of forest land. The federal government manages most of it. Neither of the two major fires currently burning in California are on forest land.Last year Trump made a similar threat as wildfires devastated Malibu and Paradise, California — accusing the state of "gross mismanagement" of forests.At the time Newsom defended California's wildfire prevention efforts while criticizing the federal government for not doing enough to help protect the state.In Northern California, more people returned to areas evacuated from a huge fire that burned for days in the Sonoma County wine country.The 121-square-mile (313-square-kilometer) fire was 76% contained on Sunday, the California Department of Forestry and Fire Protection said.The tally of destroyed homes reached 175 and there were 35 more damaged, authorities said. Many other structures also burned.The causes of both fires were under investigation but there was a possibility that electrical lines might have been involved — as was the case at other recent fires.Southern California Edison said Friday that it re-energized a 16,000-volt power line 13 minutes before the fire erupted in the same area of Ventura County.Edison and other utilities around the state shut off power to hundreds of thousands of people last week out of concerns that high winds could cause power lines to spark and start fires.Southern California Edison will cooperate with investigators, the utility said. 2687

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