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San Jose company CEO sentenced for hotel embezzlement scheme

Published Mon, 23 Dec 2024 17:05:48 GMT

(KRON) -- A man who owns a San Jose-based management company was sentenced Wednesday to serve six months in jail for embezzling money from over a dozen hotels.Henry Flynn, 57, owner and CEO of Kubo, provided management services to small hotels in Lake Tahoe and the San Francisco Bay Area. Flynn was previously convicted in 2008 of grand theft for embezzling from his then-employer, Vasona Management. As CEO of Kubo, he was accused of pocketing tens of thousands in fraudulently-obtained insurance funds, Santa Clara County prosecutors said.Flynn employed personnel to manage the hotels and obtained workers’ compensation insurance for those employees. Records from 2015-2018 showed that for those policy years, Kubo over-estimated the insurance needs of some clients, resulting in premium over-payments of tens of thousands of dollars per year. However, when the insurance providers refunded the over-payments, Flynn pocketed the refund checks and put some of them into his personal accounts, th...

Stock market today: Wall Street bounces back after a big loss, and S&P 500 again nears record

Published Mon, 23 Dec 2024 17:05:48 GMT

NEW YORK (AP) — Wall Street rebounded Thursday to claw back most of its sharp drop from the prior day, which was its first big step backward since a rally began in late October.The S&P 500 climbed 1% and is back within 1% of its all-time high, a day after its worst tumble in nearly three months. The Dow Jones Industrial Average rose 322 points, or 0.9%, and came close to setting a record for the sixth time in the last seven days. The Nasdaq composite jumped 1.3%.Micron Technology leaped 8.6% for one of the market’s biggest gains after reporting stronger results for the latest quarter than analysts expected and saying it sees business conditions improving throughout its fiscal year. CarMax rose 5.2% after it beat profit expectations despite what it called “persistent widespread pressures in the used car industry.” And cruise operator Carnival steamed 6.2% higher after reporting better quarterly results than expected. The trio helped lead a widespread rally where more than 9...

Josh Allen, playoff-contending Bills hope to take care of business against free-falling Chargers

Published Mon, 23 Dec 2024 17:05:48 GMT

Josh Allen and the Buffalo Bills are well aware they are on the outside looking in when it comes to a playoff spot.With three games remaining, Allen knows the only thing the Bills can do is handle their own business. That starts when they visit the Los Angeles Chargers on Saturday night.“We’ve got to control what we can control,” Allen said. “It’s essentially win or go home. So again, we got to be prepared for every punch that the Chargers can throw at us and be able to respond and adjust accordingly in game.”Buffalo has overcome a midseason swoon, criticism of coach Sean McDermott and a rash of defensive injuries to win three of four. That stretch included a 31-10 rout of Dallas last Sunday.The Bills are one of four teams at 8-6, but Cincinnati and Indianapolis go into the weekend holding the final two wild-card spots. The Bengals beat Buffalo on Nov. 5 while the Colts and Houston Texans have better conference records.Buffalo, though, could receive early Christmas gifts. Cinc...

Micron Technology, CarMax rise; BlackBerry, Paychex fall, Thursday, 12/21/2023

Published Mon, 23 Dec 2024 17:05:48 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday:Micron Technology Inc., up $6.79 to $85.48.The chipmaker gave investors an encouraging profit forecast.BlackBerry Ltd., down 52 cents to $3.58.The software company gave investors a weak revenue forecast for its current quarter.Cintas Corp., up $36.29 to $589.95.The uniform rental company gave investors a strong financial forecast.CarMax Inc., up $3.87 to $78.55.The used car dealership chain’s third-quarter earnings beat Wall Street forecasts.Apogee Enterprises Inc., up $1.59 to $53.38The glass products company raised its profit forecast for the year.Carnival Corp., up $1.12 to $19.19.The cruise line operator reported strong fiscal fourth-quarter financial results.Paychex Inc., down $8.96 to $118.90.The payroll processor’s fiscal second-quarter revenue fell short of analysts’ forecasts.Immunovant Inc., up $2.92 to $39.10.The biopharmaceutical company gave investors an encouraging...

Canada announces temporary visas for people in Gaza with Canadian relatives

Published Mon, 23 Dec 2024 17:05:48 GMT

OTTAWA, Ontario (AP) — People in the Gaza Strip who have Canadian relatives may apply for temporary visas to Canada, the country’s immigration minister said Thursday. However, the federal government cannot guarantee safe passage out of the besieged Palestinian territory.Immigration Minister Marc Miller expects the program to be up and running by Jan. 9. Until now, the government has focused on getting 660 Canadians, permanent residents and their spouses and children out of Gaza.Miller said the government will start accepting applications for people with extended family connections to Canada, including parents, grandparents, siblings and grandchildren.He said people will be offered three-year visas if they meet eligibility and admissibility criteria.Miller said he’s not sure how many people will be able to come to Canada under the program, but he expects the number will be in the hundreds.Miller said it’s been difficult to get Canadians out of Gaza. “We have limited abili...

Bills place DT Phillips on IR because of wrist injury and safety Hyde ruled out against Chargers

Published Mon, 23 Dec 2024 17:05:48 GMT

ORCHARD PARK, N.Y. (AP) — The Buffalo Bills placed defensive tackle Jordan Phillips on injured reserve on Thursday after the backup had surgery for a wrist injury last weekend.Phillips is expected to miss about three weeks, and now will be required to miss four games. He won’t be available to play unless Buffalo reaches the divisional round of the playoffs. Phillips’ spot on the roster is likely to be filled by defensive tackle DaQuan Jones, who has resumed practicing and eligible to be activated off injured reserve after missing nine games with a torn pectoral muscle. Jones was listed as questionable to play Saturday, when Buffalo (8-6) travels to face the Los Angeles Chargers (5-9).Starting safety Micah Hyde has been ruled out and will miss his second straight game with a neck injury.Edge rusher A.J. Epenesa is listed as questionable after missing one game with a rib injury.___AP NFL: https://apnews.com/hub/nflSource

No. 11 Utah women use a 31-point halftime advantage to ease past Weber State 89-36

Published Mon, 23 Dec 2024 17:05:48 GMT

SALT LAKE CITY (AP) — Alissa Pili had 19 points, seven rebounds and five assists in 25 minutes, Kennady McQueen scored 17 points and made five 3-pointers, and No. 11 Utah eased by in-state foe Weber State 89-36 on Thursday for its 10th straight win in the 57-game series.Utah (10-2), which has a 27-1 record against Weber State in the Jon M. Huntsman Center, has won 22 straight games overall at home. Utah scored the final 17 points of the first quarter, with scoring from five different players, to take a 22-5 lead. McQueen started an 11-0 run in the second quarter with a 3-pointer as Utah build its lead to 33-8 with 6:15 left. McQueen also capped the first-half scoring with a 3-pointer to make it 46-15.Weber State was 2 of 12 from the field in the first quarter and 4 of 13 in the second before finishing the game 15 of 57 (26%).Jenna Johnson added 13 points, 10 rebounds and three 3-pointers for Utah (10-2). Dasia Young scored 10 points to help reach 1,000 career points. Utah outrebound...

No. 8 Colorado women recover from 14-0 deficit to start game in a 78-56 win over Northern Colorado

Published Mon, 23 Dec 2024 17:05:48 GMT

BOULDER, Colo. (AP) — Jaylyn Sherrod scored 13 of her 16 points in the second quarter, Aaronette Vonleh added 14 and the No. 8 Colorado women recovered from a 14-0 deficit to start the game to beat Northern Colorado 78-56 on Thursday.The Buffaloes (10-1) showed signs of rust in their first contest since a 95-74 win over UT Arlington on Dec. 5. Colorado missed its opening six shots before settling into a rhythm. The Buffaloes took their first lead on a three-point play by Sherrod with 45.7 seconds remaining until halftime and never trailed again.Sherrod’s jumper led the surge back, scoring all 16 of her points in the first half along with hitting two 3-pointers (she was 1 for 19 entering the game).The Buffaloes dominated down low and had a 48-14 advantage in points in the paint.Delaynie Byrne led the Bears (4-5) with 21 points, while Seneca Hackley had 15. Northern Colorado finished with 28 turnovers. The Buffaloes have won all 10 of their games this season by 10 or more points...

Ajax loses to amateur team in Dutch Cup to continue tumultuous season for 4-time European champion

Published Mon, 23 Dec 2024 17:05:48 GMT

UTRECHT, Netherlands (AP) — Dutch soccer giant Ajax lost to an amateur team in the KNVB Cup for the first time in its illustrious history on Thursday.Ajax was beaten 3-2 by USV Hercules, which plays in the fourth tier of Dutch soccer.“This should not have happened,” Ajax assistant coach Michael Valkanis said after the second-round game in Utrecht.It continues a tumultuous season for Ajax, which is in fifth place in the Eredivisie after its worst start to a campaign since the advent of professional soccer in the Netherlands in 1954. The four-time European champions went 10 matches without a win at one stage, their longest-ever run without a victory.“We are having a very difficult season,” Valkanis said. “But we have to continue and get everything on track.”___AP soccer: https://apnews.com/hub/soccerSource

Denver weather: Snow for Christmas weekend in a Pinpoint Weather Alert Day

Published Mon, 23 Dec 2024 17:05:48 GMT

DENVER (KDVR) — The mild temperatures in the Denver weather forecast are about to end with only one last mild day on Friday. A Pinpoint Weather Alert Day has been issued for Sunday as a storm system heads to Colorado this weekend, with colder temperatures and rain and snow chances.According to Pinpoint Weather, Colorado’s Most Accurate Forecast, final snow totals are still in question because of the differences in track, strength and duration. The maps below show a few possibilities for high and low totals:Possible snow totals Christmas weekendPossible snow totals Christmas weekendWeather tonight: Clear, calm and coldSkies will be clear across the state with just a few high clouds over some mountain peaks. The wind will be light and in a southerly direction. It will be cold again, with below-freezing temperatures across Colorado. The coldest overnight lows will be in the teens through some mountain towns, especially the higher valleys. FOX31 Newsletters: Sign up for alerts from th...