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Morning Wrap: 10/12/12

Friday, October 12, 2012

Positive news for Bay Area housing market, Larry Ellison said to be in the hunt for LA Lakers and other AEG sports properties, hearings on PG&E’s San Bruno damages abruptly halted, more.

  • Published reports say that Oracle billionaire CEO Larry Ellison may be interested in bidding for Anschutz Entertainment Group, whose properties include the Los Angeles Lakers and the LA Kings. CNET
  • In a positive sign for the Bay Area housing market, foreclosures ebbed in the East Bay, South Bay and Peninsula in September. Mercury News
  • Oakland Zoo opened its new state-of-the-art Veterinary Medical Hospital. Oakland Tribune
  • To the chagrin of San Bruno residents, two Public Utilities Commission judges abruptly halted public hearings on PG&E’s financial liability for the 2010 pipeline disaster to allow the utility and regulators to conduct closed-door settlement talks. Chronicle
  • Police arrested a Union City girl whom they say passed out marijuana-laced Rice Krispies Treats at school, causing some of her classmates to get high. Mercury News

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