New Tesla registrations in California nearly halved in the fourth quarter

A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels . (Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images)Tesla’s overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records. The massive drop comes as tax credit for Tesla buyers ended in 2019. It had fallen to $3,750 at the start of the year


A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels .
(Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images)Tesla’s overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
The massive drop comes as tax credit for Tesla buyers ended in 2019.
It had fallen to $3,750 at the start of the year
New Tesla registrations in California nearly halved in the fourth quarter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, nearly, tax, quarter, tesla, motor, halved, registrations, vehicle, state, california, fourth, report


New Tesla registrations in California nearly halved in the fourth quarter

A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels . (Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images)

Tesla’s overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.

The massive drop comes as tax credit for Tesla buyers ended in 2019. It had fallen to $3,750 at the start of the year and had halved to $1,875 in July.

An existing $7,500 U.S. tax credit for electric vehicles (EVs), which allows taxpayers to deduct a part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales, which Tesla hit in July 2018.

The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted 46.5% to 13,584 in the quarter ended December 2019, from 25,402 in the same period a year earlier.

Model 3 registrations, which accounted for about three-fourth of the total, halved to 10,694.

Tesla did not immediately respond to a Reuters request for comment.

“One can assume that Tesla has hit peak performance in the U.S. because they have not exceeded their 2018 results for five months now,” said Shane Marcum, vice-president of Cross-Sell.

The new data comes nearly two weeks after Tesla beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Officer Elon Musk after a few turbulent years.


Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, nearly, tax, quarter, tesla, motor, halved, registrations, vehicle, state, california, fourth, report


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Judge revokes bail for disgraced lawyer Michael Avenatti after arrest for new financial crimes

A federal judge in California on Wednesday revoked the bail of disgraced attorney Michael Avenatti, a day after he was dramatically arrested for allegedly committing new financial crimes while free and awaiting trial for three federal criminal cases. Avenatti engaged in those alleged crimes to hide money from creditors, who he owes more than $10 million, prosecutors said. On Wednesday, a federal judge in New York City rejected Avenatti’s request to dismiss charges in the Nike extortion case. Ave


A federal judge in California on Wednesday revoked the bail of disgraced attorney Michael Avenatti, a day after he was dramatically arrested for allegedly committing new financial crimes while free and awaiting trial for three federal criminal cases.
Avenatti engaged in those alleged crimes to hide money from creditors, who he owes more than $10 million, prosecutors said.
On Wednesday, a federal judge in New York City rejected Avenatti’s request to dismiss charges in the Nike extortion case.
Ave
Judge revokes bail for disgraced lawyer Michael Avenatti after arrest for new financial crimes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: dan mangan
Keywords: news, cnbc, companies, california, federal, york, prosecutors, michael, lawyer, crimes, financial, disgraced, bail, avenatti, arrest, trial, revokes, avenattis, case, judge


Judge revokes bail for disgraced lawyer Michael Avenatti after arrest for new financial crimes

Adult film actress Stormy Daniels (Stephanie Clifford) and Michael Avenatti, attorney for Stormy Daniels, speak to the media after a hearing related to Michael Cohen.

A federal judge in California on Wednesday revoked the bail of disgraced attorney Michael Avenatti, a day after he was dramatically arrested for allegedly committing new financial crimes while free and awaiting trial for three federal criminal cases.

Avenatti was ordered to be detained in jail pending his upcoming trials after a nearly hour-long hearing in U.S. District Court in Santa Ana, California, before Judge James Selna.

Selna ordered Avenatti to be transported to New York, where the ardent foe of hich the ardent foe of President Donald Trump is currently schedule to begin trial next Tuesday on charges of trying to extort more than $20 million from athletic apparel giant Nike.

The U.S. Attorney’s Office in Los Angeles, in a filing in Santa Ana court unsealed Wednesday, said it wanted Avenatti’s bail revoked because there is reason to believe he had violated terms of his release by engaging in “mail fraud,” “wire fraud,” and “structuring financial transactions to evade [currency] reporting requirements,” as well as “money laundering” since he was charged in all three pending federal cases last spring.

Avenatti engaged in those alleged crimes to hide money from creditors, who he owes more than $10 million, prosecutors said.

“The fact that [Avenatti] continued to engage in criminal conduct after he had been indicted in this case and while on bond demonstrates that defendant remains a substantial economic danger to the community,” the U.S. attorney’s office wrote.

Avenatti, 49, was arrested Tuesday evening without warning for the alleged bail violation by IRS criminal investigation agents in Los Angeles in the middle of a state bar court hearing.

State bar officials want his law license involuntarily suspended because of claims he ripped off a client for more than $800,000.

On Wednesday, a federal judge in New York City rejected Avenatti’s request to dismiss charges in the Nike extortion case.

But Avenatti’s trial in that case, might be postponed a week or longer because his arrest in California has thrown plans for the Nike trial “into chaos,” the New York judge said.

Avenatti is separately charged in the same Manhattan courthouse with scamming his former client, porn star Stormy Daniels, out of $300,000 in proceeds from a book deal. A trial in that case is set to begin April 21.

Avenatti has pleaded not guilty in all three federal cases.

He has claimed he is the victim of politically motivated prosecutions as a result of “animus” toward him by Trump.

Court documents filed by prosecutors in California this week allege that Avenatti last May fraudulently transferred most of a $1 million payment to his law firm to hide that payment from creditors who include a former law partner, a client, his second wife and Washington state tax officials.

Prosecutors also said he has “engaged in a number of other fraudulent transactions” to defraud his creditors “and conceal his assets.”

Those transactions included using a portion of the payment to his firm to have his ex-wife buy a $50,000 Mercedes-Benz car in her name that Avenatti and his personal driver “repeatedly used to transport” Avenatti.

Prosecutors in court papers detailed how Avenatti, since his arrest last spring for the federal cases, has repeatedly withdrawn cash and cashed checks in amounts of thousands of dollars, but less than the $10,000 threshold that requires banks to report financial transactions to federal regulators.

In the pending criminal case in California that was the subject of the bail revocation, Avenatti last year was charged in a 36-count indictment accusing him of tax crimes, wire fraud and perjury, with Los Angeles federal prosecutors accusing him of swindling clients out of millions of dollars.

Prosecutors claimed at the time that Avenatti hid and then spent a $4 million legal settlement obtained in January 2015 in favor of a mentally ill paraplegic client, and hid a $2.75 million settlement for another client that Avenatti allegedly used to help pay for his share of the purchase of a private jet valued at up to $5 million.

Avenatti’s trial in California is scheduled to begin in May.

Avenatti’s bail terms for all his pending cases, which included a $300,000 personal recognizance bond, required him to limit his travel to certain parts of California, New York and Florida unless he received permission from pretrial services officials. He also was prohibited from committing crimes as a condition of his release.

On Wednesday, Manhattan federal court Judge Paul Gardephe denied Avenatti’s motion to toss the Nike extortion case, seeming to pave the way for Avenatti’s trial beginning next Tuesday, the same day that Trump’s impeachment trial is expected to begin the Senate.

But Gardephe said later Wednesday that the plan for the trial has been “thrown into chaos” by Avenatti’s arrest in California.

Avenatti’s lawyers told the judge during an emergency conference call that is not clear how the defense team can pay for its witnesses to travel for the trial, or pay for other trial-related expenses.

Gardephe told prosecutors in New York and Avenatti’s lawyers that he would wait for the bail hearing in California to rule on whether his trial in the Nike case should be delayed by a week or more.

Avenatti is accused in the Nike case of trying to shake down the athletic apparel giant by threatening to expose alleged evidence of bribing amateur basketball players and their families unless the company paid up.

Gardephe, in his ruling Wednesday, noted that Avenatti has moved to dismiss all three counts of the indictment on the grounds that “that he was targeted for prosecution in this case for unconstitutionally vindictive and selective reasons.”

Gardephe, in rejecting that motion, said that prosecutors have “broad discretion” to enforce criminal laws.

The judge also wrote that “although Avenatti has proffered ample evidence of the animosity President Trump feels towards him, Avenatti has not offered any evidence suggesting that that animosity played any role in the U.S. Attorney’s decision to prosecute him.”

The judge added: “Avenatti is being prosecuted for activities wholly unrelated to the political arena.”


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: dan mangan
Keywords: news, cnbc, companies, california, federal, york, prosecutors, michael, lawyer, crimes, financial, disgraced, bail, avenatti, arrest, trial, revokes, avenattis, case, judge


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IRS agents arrest indicted lawyer Michael Avenatti for bail violation in California, latest woe for Trump foe

The California Bar at that proceeding was seeking to place Avenatti on “involuntary active status” in response to a claim of scamming a client out of more than $800,000. The IRS is the lead investigative agency in the prosecution in California of Avenatti. Under the terms of Avenatti’s bail, his travel normally had been restricted to and from certain areas of California, New York state and Florida. Prosecutors in the New York case informed the trial judge of Avenatti’s arrest in a letter Tuesday


The California Bar at that proceeding was seeking to place Avenatti on “involuntary active status” in response to a claim of scamming a client out of more than $800,000.
The IRS is the lead investigative agency in the prosecution in California of Avenatti.
Under the terms of Avenatti’s bail, his travel normally had been restricted to and from certain areas of California, New York state and Florida.
Prosecutors in the New York case informed the trial judge of Avenatti’s arrest in a letter Tuesday
IRS agents arrest indicted lawyer Michael Avenatti for bail violation in California, latest woe for Trump foe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: dan mangan
Keywords: news, cnbc, companies, california, michael, indicted, irs, trump, foe, york, judge, federal, trial, daniels, violation, case, court, latest, bar, avenatti, lawyer, woe


IRS agents arrest indicted lawyer Michael Avenatti for bail violation in California, latest woe for Trump foe

Celebrity attorney Michael Avenatti speaks to the media outside of a New York court house after a hearing in a case where he is accused of stealing $300,000 from a former client, adult-film actress Stormy Daniels on July 23, 2019 in New York City.

Michael Avenatti, the controversial lawyer facing criminal charges in three separate serious federal cases, was dramatically arrested by federal agents in California on Tuesday for allegedly violating the terms of his bail release in one of those cases.

Avenatti, who is accused of swindling clients including porn star Stormy Daniels out of millions of dollars, was taken into custody during in a disciplinary hearing of the State Bar Court of California in Los Angeles, where he had been testifying.

The California Bar at that proceeding was seeking to place Avenatti on “involuntary active status” in response to a claim of scamming a client out of more than $800,000.

A spokesman for the U.S. Attorney’s Office in Los Angeles, Ciaran McEvoy, told CNBC that Avenatti was arrested by IRS agents from that agency’s criminal investigation division. The IRS is the lead investigative agency in the prosecution in California of Avenatti.

McEvoy was unable to detail how Avenatti allegedly violated his bail conditions. The spokesman noted that the arrest warrant for Avenatti, which would lay out those allegations, was sealed by the judge who signed it earlier Tuesday.

Under the terms of Avenatti’s bail, his travel normally had been restricted to and from certain areas of California, New York state and Florida. Domestic travel to other locations was allowed with at least two business days’ notice to federal Pretrial Services, with international travel needing prior court approval, according to a ruling by a judge last June.

Avenatti had been free on a personal recognizance bond of $300,000, which did not require him to post any money or assets to secure.

Avenatti’s attorney Dean Steward, in an email to CNBC, said that his client “is being held without bail, pending” a hearing Wednesday morning, at 2 p.m. Eastern Time, before Judge James Selna in U.S. District Court in Santa Ana, California.

The bombastic litigator is due to go on trial next week in federal court in New York City in another case in which he is accused of trying to extort more than $20 million from athletic apparel giant Nike by threatening to expose alleged evidence of bribing amateur basketball players and their families unless the company paid up.

Prosecutors in the New York case informed the trial judge of Avenatti’s arrest in a letter Tuesday night.

“Completely innocent,” Avenatti said outside the Bar Court after his arrest, according to The Daily Beast, which had a reporter at the bar hearing.

Avenatti has pleaded not guilty to all criminal charges against him, which were lodged last spring, more than a year after he became a leading critic of President Donald Trump in connection with his representation of Daniels, who claims to have had sexual tryst with Trump more than a decade ago.

Hours before his arrest Tuesday, Avenatti was on a telephone conference call with his lawyers, prosecutors and reporters as a judge in Manhattan federal court heard arguments to postpone that trial for the alleged Nike extortion bid by a month to give his defense team more time to digest thousands of pages of documents recently turned over by prosecutors. The judge declined to delay the trial.

He separately is charged in the same Manhattan courthouse with scamming Daniels out of $300,000 in proceeds from of a book deal. A trial in that case is set to begin April 21.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: dan mangan
Keywords: news, cnbc, companies, california, michael, indicted, irs, trump, foe, york, judge, federal, trial, daniels, violation, case, court, latest, bar, avenatti, lawyer, woe


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Uber just changed its app for California users to comply with the new labor law, here’s what it means

Uber just changed its app for California users to comply with the new labor law, here’s what it meansUber just made changes in its app for California users to comply with the state’s new labor law. Deirdre Bosa and Bradley Tusk, Tusk Ventures founder and CEO, join ‘The Exchange’ to discuss the changes and what Uber’s workaround means.


Uber just changed its app for California users to comply with the new labor law, here’s what it meansUber just made changes in its app for California users to comply with the state’s new labor law.
Deirdre Bosa and Bradley Tusk, Tusk Ventures founder and CEO, join ‘The Exchange’ to discuss the changes and what Uber’s workaround means.
Uber just changed its app for California users to comply with the new labor law, here’s what it means Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, uber, comply, users, workaround, changed, changes, law, labor, ventures, tusk, app, means, california, heres


Uber just changed its app for California users to comply with the new labor law, here's what it means

Uber just changed its app for California users to comply with the new labor law, here’s what it means

Uber just made changes in its app for California users to comply with the state’s new labor law. Deirdre Bosa and Bradley Tusk, Tusk Ventures founder and CEO, join ‘The Exchange’ to discuss the changes and what Uber’s workaround means.


Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, uber, comply, users, workaround, changed, changes, law, labor, ventures, tusk, app, means, california, heres


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Joe Biden gets endorsement from Los Angeles Mayor Garcetti

Los Angeles Mayor Eric Garcetti is endorsing Joe Biden for the 2020 Democratic presidential nomination, giving the former vice president another high-profile supporter as he tries to demonstrate a wide base of support across the party. The timing is a blow for Buttigieg, who heads to Los Angeles on Friday. Garcetti was an early supporter of the presidential bid of Barack Obama, under whom Biden served as vice president. At a 2018 event sponsored by the Los Angeles Times, Biden called Garcetti “a


Los Angeles Mayor Eric Garcetti is endorsing Joe Biden for the 2020 Democratic presidential nomination, giving the former vice president another high-profile supporter as he tries to demonstrate a wide base of support across the party.
The timing is a blow for Buttigieg, who heads to Los Angeles on Friday.
Garcetti was an early supporter of the presidential bid of Barack Obama, under whom Biden served as vice president.
At a 2018 event sponsored by the Los Angeles Times, Biden called Garcetti “a
Joe Biden gets endorsement from Los Angeles Mayor Garcetti Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, joe, gets, california, mayor, endorsement, angeles, buttigieg, garcetti, vice, los, decision, biden, president


Joe Biden gets endorsement from Los Angeles Mayor Garcetti

Los Angeles Mayor Eric Garcetti is endorsing Joe Biden for the 2020 Democratic presidential nomination, giving the former vice president another high-profile supporter as he tries to demonstrate a wide base of support across the party.

Garcetti’s decision comes Iess than a month before voting begins with the Feb. 3 Iowa caucuses and less than two months before the California primary. The Biden campaign confirmed Garcetti’s decision, which was first reported by The New York Times.

The mayor could be an important surrogate for Biden in California. That state has more than 400 delegates at stake on March 3. That’s about 20% of the 2,000 or so that will be necessary to win the nomination. Garcetti also has previously traveled the country in his own right, proving a popular speaker and fundraiser for state and local Democratic organizations.

With his decision to back Biden, Garcetti spurns two former mayors in the field, Pete Buttigieg of South Bend, Indiana, and Michael Bloomberg of New York City. Garcetti has called Buttigieg one of his close friends. Buttigieg has raised considerable sums from California donors, including some in Garcetti’s political network.

The timing is a blow for Buttigieg, who heads to Los Angeles on Friday. Instead of enjoying the city’s ample media spotlight on his own terms, he’ll arrive as a popular mayor opts to back the 77-year-old former vice president whom Buttigieg wants to displace as the choice for more moderate, establishment Democrats.

Garcetti’s endorsement of Biden, who has spent four decades in national politics, demonstrates his style as an able establishment player. It is, however, somewhat at odds with the arguments he made in late 2017 when he was openly flirting with his own national campaign. In interviews and speeches, he often framed Washington as hopelessly partisan and mired in gridlock and instead pointed to the nation’s cities and their mayors as models for solving problems and helping voters.

Garcetti and Biden’s relationship goes back years. Garcetti was an early supporter of the presidential bid of Barack Obama, under whom Biden served as vice president.

In 2014, Biden praised a Garcetti proposal for boosting the city’s minimum wage and attended a roundtable with him in the city. At a 2018 event sponsored by the Los Angeles Times, Biden called Garcetti “a great guy who has real character” and “understands what the future looks like.”

They’ve also eaten together, munching tacos near downtown Los Angeles last year.

Garcetti’s political website features a photo of him shaking hands with Biden above the caption “Thank you, Joe Biden,” along with a letter thanking him for his service as vice president.


Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, joe, gets, california, mayor, endorsement, angeles, buttigieg, garcetti, vice, los, decision, biden, president


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California sues tech investor Vinod Khosla over beach access, reviving bitter legal battle

The state of California on Monday reignited a prolonged legal fight with billionaire tech investor Vinod Khosla over access to a beach connected to his property in San Mateo County, south of San Francisco. Beaches in California are public land under the California Coastal Act. California is now suing on behalf of the California Coastal Commission and the States Lands Commission, claiming that Khosla has been “improperly and illegally” restricting access to the beach. The agencies are asking for


The state of California on Monday reignited a prolonged legal fight with billionaire tech investor Vinod Khosla over access to a beach connected to his property in San Mateo County, south of San Francisco.
Beaches in California are public land under the California Coastal Act.
California is now suing on behalf of the California Coastal Commission and the States Lands Commission, claiming that Khosla has been “improperly and illegally” restricting access to the beach.
The agencies are asking for
California sues tech investor Vinod Khosla over beach access, reviving bitter legal battle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: kif leswing
Keywords: news, cnbc, companies, legal, california, land, san, vinod, khosla, coastal, property, access, sues, investor, beach, reviving, khoslas, tech, bitter


California sues tech investor Vinod Khosla over beach access, reviving bitter legal battle

The state of California on Monday reignited a prolonged legal fight with billionaire tech investor Vinod Khosla over access to a beach connected to his property in San Mateo County, south of San Francisco.

Khosla purchased land surrounding Martins Beach in 2008 for $32 million and has for years fought lawsuits from groups alleging that he’s tried to limit public entry to the beach by locking gates and posting no trespassing signs. Beaches in California are public land under the California Coastal Act.

California is now suing on behalf of the California Coastal Commission and the States Lands Commission, claiming that Khosla has been “improperly and illegally” restricting access to the beach. The agencies are asking for a right to use Martins Beach Road, a pathway from Highway 1 that crosses over Khosla’s land, as well as access to the beach.

Khosla, who made his fortune as a Sun Microsystems co-founder before going into venture capital at Kleiner Perkins and then starting his own firm, Khosla Ventures, has refused to back down over the past decade, claiming that he’s defending property rights. He told The New York Times in a profile that he wished he’d never bought the property and that he continued the legal battle because of his principles.

In 2018, the Supreme Court declined to review Khosla’s case challenging the California Coastal Act, quieting the legal wrangling for a period. More recently, Khosla’s team scored a victory in an appeals court in San Mateo County over how the former owners of the property charged for access to the beaches.

“The claims asserted in today’s lawsuit have been extensively litigated and repeatedly rejected by the courts in a prior lawsuit,” Dori Yob Kilmer, a lawyer for Khosla, said in a statement. “Since the property was purchased by our client, the state, and small activist groups, have endeavored to seize our client’s private property without compensation. While such tactics are commonplace in communist systems, they have never been tolerated in the American system where the U.S. Constitution precludes the government from simply taking private property and giving it to the public.”

Kholsa’s net worth is over $2 billion, according to Forbes.

WATCH: Khosla discusses ‘economic opportunity’ in clean energy fund


Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: kif leswing
Keywords: news, cnbc, companies, legal, california, land, san, vinod, khosla, coastal, property, access, sues, investor, beach, reviving, khoslas, tech, bitter


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Here’s what to know about California’s privacy act, which just went into effect

That’s thanks to the California Consumer Privacy Act, which went into effect on Wednesday, January 1, and deals with how large companies are allowed to collect and use data of California residents. It gives California consumers the ability to request personal data be deleted from a given company, among other protections. The law will make it harder for companies to collect and manage the kind of data about consumers that has powered digital advertising for years. Though the law went into effect


That’s thanks to the California Consumer Privacy Act, which went into effect on Wednesday, January 1, and deals with how large companies are allowed to collect and use data of California residents.
It gives California consumers the ability to request personal data be deleted from a given company, among other protections.
The law will make it harder for companies to collect and manage the kind of data about consumers that has powered digital advertising for years.
Though the law went into effect
Here’s what to know about California’s privacy act, which just went into effect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: megan graham
Keywords: news, cnbc, companies, effect, privacy, ccpa, data, know, act, law, went, advertising, personal, information, companies, californias, california, heres, businesses, consumers


Here's what to know about California's privacy act, which just went into effect

Whether or not you live in California, you’ve likely received something in your inbox about new privacy notices from one of the various companies you’ve interacted with, such as Lyft, Spotify and Hulu.

That’s thanks to the California Consumer Privacy Act, which went into effect on Wednesday, January 1, and deals with how large companies are allowed to collect and use data of California residents. It gives California consumers the ability to request personal data be deleted from a given company, among other protections. The law will make it harder for companies to collect and manage the kind of data about consumers that has powered digital advertising for years.

Businesses are subject to CCPA if they meet the requirements of having gross annual revenues of more than $25 million; buy, receive or sell the personal information of 50,000 or more consumers, households or devices in California; or which derive 50% or more annual revenue from selling consumers’ personal information. That means the company doesn’t necessarily need to be in California, but is also subject to the law if it collects personal information on that threshold of residents there.

Though the law went into effect Wednesday, it technically isn’t being enforced yet. Sarah Lovenheim, special assistant for strategic communications for the California Attorney General Xavier Becerra’s office, said businesses that meet the thresholds spelled out under CCPA “should be prepared to adhere to the law now.” For noncompliance, companies will be required to pay $2,500 per violation if unintentional and $7,500 if intentional.

“While we can’t take action until six months after finalizing our rules, or July 1 — whichever comes first — we can consider a business’s efforts to comply with the law from January 1, onwards, she wrote in an email to CNBC. The rules are technically subject to change until comments are considered. Businesses and other parties were able to submit comments about the regulations during public hearings, by mail or over email until last month.

And a lot of data is at stake. According to estimates in the Standardized Regulatory Impact Assessment for the law, CCPA will protect over $12 billion worth of personal information that’s used for advertising in California each year.

Unsurprisingly, ad industry groups have pushed back against the law. The Association of National Advertisers, the American Association of Advertising Agencies, the Interactive Advertising Bureau, the American Advertising Federation and the Network Advertising Initiative, some of the most powerful and influential trade groups for the industry, provided written comments last month.

The groups cited concerns about negative consequences proposed regulations could create for consumers and businesses, and said they were concerned the rules’ provisions “impose entirely new requirements on businesses that are outside of the scope of CCPA and do not further the purposes of the law.”


Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: megan graham
Keywords: news, cnbc, companies, effect, privacy, ccpa, data, know, act, law, went, advertising, personal, information, companies, californias, california, heres, businesses, consumers


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Uber, Postmates lawsuit against California gig-workers law is ‘very weak,’ congressman says

A lawsuit filed by Uber, Postmates and other parties against a forthcoming California law regulating gig-economy work makes a feeble case, U.S. Rep. Ro Khanna told CNBC on Tuesday. His district includes parts of the San Francisco Bay Area, where Uber, Postmates and other Silicon Valley technology firms are based. On Monday, Uber and Postmates joined two contractors working for the transport apps in filing a suit alleging that the state of California’s Assembly Bill 5 is unconstitutional. Being t


A lawsuit filed by Uber, Postmates and other parties against a forthcoming California law regulating gig-economy work makes a feeble case, U.S. Rep. Ro Khanna told CNBC on Tuesday.
His district includes parts of the San Francisco Bay Area, where Uber, Postmates and other Silicon Valley technology firms are based.
On Monday, Uber and Postmates joined two contractors working for the transport apps in filing a suit alleging that the state of California’s Assembly Bill 5 is unconstitutional.
Being t
Uber, Postmates lawsuit against California gig-workers law is ‘very weak,’ congressman says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-31  Authors: tyler clifford
Keywords: news, cnbc, companies, lawsuit, drivers, khanna, independent, working, gigworkers, workers, economy, contractors, california, law, congressman, weak, uber, postmates


Uber, Postmates lawsuit against California gig-workers law is 'very weak,' congressman says

A lawsuit filed by Uber, Postmates and other parties against a forthcoming California law regulating gig-economy work makes a feeble case, U.S. Rep. Ro Khanna told CNBC on Tuesday.

“I think their argument is very weak,” Khanna, the Democratic representative of California’s 17th Congressional District, said in a “Power Lunch” interview. His district includes parts of the San Francisco Bay Area, where Uber, Postmates and other Silicon Valley technology firms are based.

On Monday, Uber and Postmates joined two contractors working for the transport apps in filing a suit alleging that the state of California’s Assembly Bill 5 is unconstitutional. The law, signed by Democratic Gov. Gavin Newsom in September and set to go into effect Wednesday, will force the companies to reclassify gig workers as employees instead of contractors.

“The dispute is that the rewards of the technology revolution has gone to a very few,” Khanna said, adding that state lawmakers want to “distribute [the profits]. Let’s make sure that everyone working in this new economy is benefiting, not just the very top.”

The lawsuit filed in the U.S. District Court for Central California claims that AB 5 was “designed to target and stifle workers and companies in the on-demand economy.” It also argues there are “nonsensical” exemptions for other contractor roles, such as “direct salespeople, travel agents, grant writers, construction truck drivers, commercial fisherman,” among others.

The law does, however, affect workers outside the gig economy, which is where people typically turn to find flexible and non-traditional jobs as independent contractors and freelancers. AB 5 includes freelance writers and other types of contractors. Vox Media said it would cut freelancers in California because of the bill.

Being that drivers are independent contractors, they are not entitled to benefits, such as paid time off, overtime or health insurance, that companies typically offer to full-time employees. Uber, which has become a tough competitor to the taxi industry especially in cities such as New York, lists 3.9 million drivers as independent contractors.

Some of those drivers, including rival Lyft contractors, have recently protested against low pay and working conditions.


Company: cnbc, Activity: cnbc, Date: 2019-12-31  Authors: tyler clifford
Keywords: news, cnbc, companies, lawsuit, drivers, khanna, independent, working, gigworkers, workers, economy, contractors, california, law, congressman, weak, uber, postmates


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Uber, Postmates and two drivers sue California over law that would reclassify contractors as employees

Uber, delivery start-up Postmates, and two contractors who work for the companies filed suit against the state of California on Monday, alleging that the recently passed Assembly Bill 5 is unconstitutional. The law, which is set to go into effect on Jan. 1, 2020, would require gig-economy workers to be reclassified as employees instead of contractors. It also alleged that a delivery truck driver delivering milk would not be affected, but one delivering juice would be. Uber and competitor Lyft ar


Uber, delivery start-up Postmates, and two contractors who work for the companies filed suit against the state of California on Monday, alleging that the recently passed Assembly Bill 5 is unconstitutional.
The law, which is set to go into effect on Jan. 1, 2020, would require gig-economy workers to be reclassified as employees instead of contractors.
It also alleged that a delivery truck driver delivering milk would not be affected, but one delivering juice would be.
Uber and competitor Lyft ar
Uber, Postmates and two drivers sue California over law that would reclassify contractors as employees Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: jordan novet
Keywords: news, cnbc, companies, sue, reclassify, california, uber, drivers, driver, writers, law, truck, delivery, unconstitutional, postmates, workers, companies, contractors, employees


Uber, Postmates and two drivers sue California over law that would reclassify contractors as employees

Uber, delivery start-up Postmates, and two contractors who work for the companies filed suit against the state of California on Monday, alleging that the recently passed Assembly Bill 5 is unconstitutional. The law, which is set to go into effect on Jan. 1, 2020, would require gig-economy workers to be reclassified as employees instead of contractors.

The case represents one of the biggest challenges yet to law that could limit the operations of on-demand services like ride sharing and food delivery.

“AB 5 is an irrational and unconstitutional statute designed to target and stifle workers and companies in the on-demand economy,” wrote the companies, which filed the complaint alongside Uber driver Lydia Olson and Postmates delivery driver Miguel Perez.

The filing in the U.S. District Court for Central California, claimed that the law carves out “nonsensical” exemptions for roles such as “direct salespeople, travel agents, grant writers, construction truck drivers, commercial fisherman” and many more. It also alleged that a delivery truck driver delivering milk would not be affected, but one delivering juice would be.

Uber and competitor Lyft are among the companies that pledged hundreds of millions for a California ballot initiative to propose an alternative model. Lyft declined to comment.

“California represents 9% of our global Rides and Eats gross bookings, but a negligible amount of our Rides and Eats adjusted EBITDA, respectively,” Uber CEO Dara Khosrowshahi told analysts on a conference call last month. “We continue to focus on a path that we believe provides a very attractive option for drivers and couriers where they retain flexibility, but gain important new protections like healthcare subsidies and minimum earning standards.”

The law affects far more than gig-economy companies: Freelance writers and other types of contractors are also affected. Earlier this month CNBC reported that Vox Media planned to cut freelancers in California as a result of the passage of the bill.

Here’s the lawsuit:


Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: jordan novet
Keywords: news, cnbc, companies, sue, reclassify, california, uber, drivers, driver, writers, law, truck, delivery, unconstitutional, postmates, workers, companies, contractors, employees


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Powerful storm pounds Southern California with rain, snow

Snow blankets the Angeles National Forest north of Los Angeles, California on December 26, 2019 after a cold winter storm brought heavy rain, snow and strong winds to much of southern California. ROBYN BECK / AFP / Getty ImagesA cold and blustery winter storm unleashed downpours and extensive snowfall on Southern California, triggering a tornado and snarling post-Christmas travel on major routes Thursday. A snow plows clears the roads in the Angeles National Forest north of Los Angeles, Californ


Snow blankets the Angeles National Forest north of Los Angeles, California on December 26, 2019 after a cold winter storm brought heavy rain, snow and strong winds to much of southern California.
ROBYN BECK / AFP / Getty ImagesA cold and blustery winter storm unleashed downpours and extensive snowfall on Southern California, triggering a tornado and snarling post-Christmas travel on major routes Thursday.
A snow plows clears the roads in the Angeles National Forest north of Los Angeles, Californ
Powerful storm pounds Southern California with rain, snow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-27
Keywords: news, cnbc, companies, california, snow, san, rain, north, pounds, los, winter, powerful, storm, pass, angeles, southern


Powerful storm pounds Southern California with rain, snow

Snow blankets the Angeles National Forest north of Los Angeles, California on December 26, 2019 after a cold winter storm brought heavy rain, snow and strong winds to much of southern California. ROBYN BECK / AFP / Getty Images

A cold and blustery winter storm unleashed downpours and extensive snowfall on Southern California, triggering a tornado and snarling post-Christmas travel on major routes Thursday. Snow shut down vital Interstate 5 in Tejon Pass through the mountains north of Los Angeles and stopped traffic on Interstate 15 over Cajon Pass in the inland region to the east. I-15 finally reopened in both directions in the afternoon but then authorities later shut down about 45 miles (73 km) of the freeway from Baker, California, to Primm, Nevada, on the way to Las Vegas because of snow and ice. A truck driver was found unresponsive in a rig stopped along I-5 in Tejon Pass. Kern County firefighters pronounced him dead, according to the California Highway Patrol’s online incident log.

A snow plows clears the roads in the Angeles National Forest north of Los Angeles, California December 26, 2019 after a cold winter storm brought heavy rain, snow and strong winds to much of southern California. ROBYN BECK / AFP / Getty Images

It was not immediately known if the death was weather-related. After being stuck for five hours in Cajon Pass, motorist Johnny Lim wasn’t sure he could reach Las Vegas, where he hoped to spend time after Christmas. He worried about driving his car through the pass when it reopens. “The freeway is full of snow and ice,” he said, adding that his car “is not built for conditions like this.” I-5 rises to more than 4,100 feet (1,250 meters) in Tejon Pass between Los Angeles and the San Joaquin Valley. Cajon Pass rises to more than 3,700 feet (1,128 meters) between the San Gabriel and San Bernardino Mountains on I-15, the major connector between Southern California and Las Vegas. Snow also stopped or slowed traffic on other California roads, including heavily traveled Interstate 8 in eastern San Diego County, and numerous trees were toppled.

Snow blankets the Angeles National Forest north of Los Angeles, California December 26, 2019 after a cold winter storm brought heavy rain, snow and strong winds to much of southern California. ROBYN BECK / AFP / Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-12-27
Keywords: news, cnbc, companies, california, snow, san, rain, north, pounds, los, winter, powerful, storm, pass, angeles, southern


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