Treasury Secretary to Criticize Derivatives Before Congress

WASHINGTON (AP) – Treasury Secretary Timothy Geithner is blaming the derivatives market for helping send the economy into a spiral. In testimony today before two House committees, Geithner is expected to say that the ease with which derivatives were bought and sold during a time of easy credit encouraged financial institutions and investors to take [...]

Economic Downturn Hasn’t Halted Construction Interest in Chico

Commercial and residential construction may have slowed, but it hasn’t come to a standstill in Chico, despite the economic downturn. Chico Planning Director Steve Peterson says the city has seen continued interest in multi-family residential housing.
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Peterson adds some of the commercial development underway is connected to the medical industry.
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Police: Beale Airman Killed Himself During Shootout

MARYSVILLE, Calif. (AP) – Santa Clara police say a Beale Air Force Base airman killed himself as police opened fire last weekend. They originally said police bullets killed 21-year-old Ian York during a shootout. Police say he murdered his fiancee in Marysville before fleeing to Santa Clara. The murder and police shootout came after York [...]

More CA Furloughs Start Today

SACRAMENTO, Calif. (AP) – Most California state government offices will be closed today, the first of three monthly furlough days intended to save the state money. The shutdowns are part of Gov. Arnold Schwarzenegger’s order to give state employees three days off a month without pay, effectively reducing their income about 14 percent. In February, [...]

Fire Damages Two Buildings in Chico

A fire that apparently began in a Chico home spread to a former restaurant on Dayton Road Thursday. Flames were reported just after 4:30 PM. Chico Fire Inspector Marie Fickert…
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Fickert says the home suffered “substantial structure damage.” The fire is under investigation. Fickert says anyone who may have seen activity in [...]

Man Arrested on Pot Charges in Concow

An indoor marijuana garden lands a Concow man in jail. 32 year old Robert Mason was arrested after Butte County drug agents found an indoor garden along with packaged pot and more than 31 hundred dollars at a residence on Miller Peak Road. A news release says agents served a search warrant and found almost [...]