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Eastman Kodak’s potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant. Kodak’s stock price surged last week before the company announced its plans to work with President Donald Trump’s administration in exchange for a 5 million loan. That prompted Sen. Elizabeth Warren to ask Securities and Exchange Commission to investigate whether insider trading laws have been broken. For months, Kodak's stock hovered around per share. On Monday, the stock was at .62 per share. By Wednesday, the stock jumped to .20 per share. The price has come back down since, with it dropping to .40 on Tuesday.The Wall Street Journal is now reporting the SEC has opened a probe. The SEC declined to comment while Kodak says it will cooperate with any inquiry.Trump was asked Kodak's potential deal."I wasn’t involved in the deal," Trump said. "The concept of the deal is good, but I’ll let you know. We’ll — we’ll do a little study on that, and we’ll find out." 1083
Ed was the nice Murray ?? who remembered everyone’s name. ?? https://t.co/dHrFLoJtJR— Joel Murray (@JoelMurray9of9) November 24, 2020 141
EL CAJON, Calif. (KGTV) - Starting Monday morning, Cal Fire San Diego is suspending all burn permits for outdoor residential burning.The announcement comes after a dry winter and warming temperatures dried out the annual grass crop.The suspension bans residential outdoor burning of landscape debris like branches and leaves.“We are reminding the public that this last winter was drier than last year,” said Chief Tony Mecham, Cal Fire San Diego/San Diego County Fire Chief. “The abundant dry grass will only serve as a fuse to the heavier vegetation that still covers our local open spaces.”RELATED: Volcan Mountain brush fire preventing officials from reaching reported crash siteSince the beginning of January, Cal Fire has responded to 920 wildfires across the state.Mecham is also asking residents to ensure they are prepared for wildfires by maintaining a minimum of 100 feet of defensible space around homes and buildings.“The importance of defensible space cannot be over-emphasized, but just as important is that residents conduct their clearance activities in a safe and responsible manner," Mecham said. “This includes using the proper tools and limiting clearance activities to the early morning hours when the humidity is up and the temperatures are down.”RELATED: Firefighter battling Barrio Logan fire shocked by electrified fenceBelow are some tips to help prepare homes and property: 1423
EL CAJON, Calif. (KGTV) - Plans for a new high school in El Cajon are facing opposition from neighbors.Literacy First Charter Schools wants to relocate their high school from its Lemon Grove location to a new spot near the intersection of Jamacha Blvd. and Chase Street. They bought an 8-acre plot of land five years ago on which they hope to build.Plans for the school call for a two-story building. It will have 22 classrooms, athletic fields, a 161-spot parking lot, and room for up to 450 students and 33 teachers.Officials with the Literacy First system say the old school is too small and too far away for their growing needs. They believe the new location will help them serve more families, and keep their current families from leaving after 8th grade."We hope it becomes what every one of our schools is," says Executive Director Debbie Beyer. "We hope it becomes a model for what great schools can be."But neighbors in the Rancho San Diego area worry that it will bring more traffic and congestion to an area that already has problems along Jamacha Boulevard."It's just incredible out here on Jamacha," says Veronica McGowan, who lives a block away. "People go about 50 miles an hour, and they're anxious to get in and out of these side streets. If you're turning right, you're safe, but if you're turning left, it could take a while."Social media posts on neighborhood Facebook groups raise concerns about delays at the intersection because of the addition of another school. They say nearby Valhalla and Steele Canyon High Schools already make the commute frustrating.Beyer says her school's small size will minimize the impact, as many students won't be driving. She adds the charter school system is ready to do their part to improve the roads and mitigate the traffic along both Chase and Jamacha."We have to add another lane. We're adding turning lanes. We're widening the street. We're adding sidewalks," she says. "We're paying hundreds of thousands of dollars to improve that intersection."She also says they're looking into staggering the start times, so not all grades begin at the same time, and having different start times from the other schools in the neighborhood.As for the complaint that the area already has enough schools, Beyer believes families will welcome another option."We let the market bear everything that there is when it comes to business and commerce and entrepreneurship," she says. "Why can't we do that in education? Why don't parents have a choice?"Beyer and Literacy First presented environmental review plans for the new school to the Valle Del Oro Community Planning Group last week. They hope to bring those same plans to the San Diego County Board of Supervisors this spring.There's still no official timeline for when they hope to start construction or open the new campus. 2833
EL CAJON, Calif. (KGTV) - A man accused of a hit-and-run crash on Highway 57 in Ramona pleaded not guilty Thursday. A judge set the bail at million for Chase Richard. Richard is accused of swerving into Michelle Scott and driving with her bicycle attached to his car for more than two miles during Tuesday’s crash. RELATED: Man arrested, vehicle seized in Ramona hit-and-run crashWitnesses said Richard ran red lights and stop signs before pulling into his driveway five miles from the scene. In court Thursday, prosecutors said Richard removed the front hood and bumper and spray-painted the rear of his Ford Edge. Investigators said Richard appeared to be making a run for it when they arrived. He had a large suitcase and backpack in a running vehicle when he was arrested. Richard faces up to nine years in prison if convicted. RELATED: Cyclist fighting for her life following Ramona hit-and-runScott remains on life support and her family says she is not expected to survive. 992
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