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SAN DIEGO (KGTV) - President Donald Trump issued an order prohibiting Broadcom’s attempt to take over San Diego-based Qualcomm, CNBC and Bloomberg reported Monday.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. The possible takeover raised security concerns and led to an investigation by the Committee on Foreign Investment in the U.S.The takeover attempts coincided with changes in corporate leadership.On 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."If Broadcom had been allowed to buy Qualcomm, it would have made the Singapore-based 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. 1042

SAN DIEGO (KGTV) — President Trump wants to restart the U.S. economy by April 12, but multiple economists, governors and health officials are expressing skepticism about that date amid efforts to flatten the curve of coronavirus infections.Still, the longer the shutdown lasts, the harder it will be for businesses to get up and running, economists say. Alan Gin, an economist at the University of San Diego, said if this lasts through April, it should be survivable for many businesses. However, anything beyond that could render reopening less likely."Some businesses are not going to be able to hang on, even with the help that is coming from the federal government, so they will end up closing for good," Gin said. San Diego's economy is hurting as thousands of restaurant, retail and hotel workers are laid off amid the coronavirus restrictions. Meanwhile, the people who are working from home have very few places to spend their money. Jessie Medina, who opened the Femx Quarter co-working and event center in Mission Hills in November, said her business is out ,000 and she had to put two new hires on hold. "We were getting traction, growing, and all of a sudden it's like, stop," she said. "I really want our doors to open, I don't know how much longer businesses that have these liabilities every month can stay open if they're not making money."Medina said she is trying to do her part by taking out from locally owned restaurants and buying from local sellers, but with her very limited income, she can only do so much. The Workforce Partnership reported Friday that more than 13,000 San Diego workers have been laid off, furloughed or seen their hours cut. Those layoff notices are temporarily no longer required law, so the actual number could be much higher. 1784

SAN DIEGO (KGTV) - Most above-ground power lines in San Diego may soon be gone.The City of San Diego has an aggressive plan to move the lines underground, and they want your input at a meeting next week.People in Ocean Beach aren’t looking forward to the headache during construction, but can’t wait until the power poles are gone.Wayne Samuel works at Ozzie's Import Auto in Ocean Beach. The process to move utility wires outside his business underground has already begun.“So far they’ve taken underground connections from building to power grid,” said Samuel.A map of the plan shows there are 1,000 miles left to transfer underground. The city plans to bury 15 miles a year.The project will be funded by a surcharge on your SDG&E power bill that you’ve been paying since 2002. The city says you won’t see an increase in your bill, even though the price tag is in the billions.The reason for going underground? Fire safety and aesthetics.“I think it’s a good idea getting billboards and power lines out of the visible view of the public,” Samuel said.Arthur Harral has lived in Ocean Beach for more than 40 years. He’s dealt with the pre-construction and paid for the surcharges, but doesn’t mind.“It’s a wonderful deal. In some states across the country, in Colorado, they have them underground, and I’m all for it in San Diego,” said Harral.Construction will last 18 to 36 months. Once the new underground utility lines are in place, the city will install curb ramps, replace street trees, and repair damaged pavement.A public meeting about the plans will take place downtown next Tuesday at 5:30 in the Auditorium at the San Diego Public Utilities Department located at 9192 Topaz Way. 1707

SAN DIEGO (KGTV) - Police believe the deaths in Otay Mesa Sunday of an elderly man and woman may be a murder-suicide.Police have identified the suspect and victim in the incident as James 82-year-old Rafferty and 83-year-old Kazuko Rafferty. Police believe James shot Kazuko several times and then used the same gun to take his own life. Dispatchers received a call about 10:30 a.m. requesting a welfare check on a married couple who lived at the Ocean Bluffs Mobile Home Park on Del Sol Blvd.Officers responded to the home and received no answer when they knocked on the door and made several phone calls. After entering the home, police found the couple dead. Anyone with information is asked to call the SDPD Homicide Unit at 619-531-2293 or Crime Stoppers at 888-580-8477. 814

SAN DIEGO (KGTV) — Neighbors point to a devastating Northern California fire as their strongest case towards getting the latest housing development denied in East County.Dozens killed and home after home devastated by the Camp Fire in Paradise, Calif., last year."A fire here would cause massive casualties and probably burn into Chula Vista or San Diego," Peter Anderson, of the Sierra Club, said in front of the County Administration Building Wednesday.Neighbors and environmental advocates opposed to Otay Ranch Village 14 say the county needs to stop piling up hazards. Despite the protest, the county moved Wednesday to move forward with the project."This is a catastrophe in the making," Dan Silver, of the Endangered Habitats League, said. "There are tens of thousands of unbuilt units in good village locations, there is no need to put a project in such a dangerous location."Those opposed also believe evacuations would be an issue adding the infrastructure should go elsewhere.The locations for many of the new housing developments in San Diego have been called dangerous. Near Escondido, the Harmony Grove and Valiano subdivison faced similar fire fears related criticism but both were eventually passed by the county board."This project is the poster child for dangerous sprawl development," Anderson said.People who don't want to see more homes built where fires have burned feel it's about putting more folks in harms way. 1444