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Afternoon News Roundup
Connecting the Dots: Afternoon edition for Monday, March 12, 2012
CNN may buy Mashable for $200 million. Mashable covers and aggregates news on social media and the Internet at large. Last August CNN bought Zite, a news app for the iPad...
San Bruno will receive $70 million in a PG&E settlement after months of negotiations about the 2010 blast, which killed eight people and destroyed or damaged more than 100 homes. This is in addition to a previous $50 million trust set aside by PG&E to pay for direct damages of the explosion. The energy company has pledged not to seek to recover the payment through insurance or ratepayers...
All-electric sedans are now being manufactured by CODA in Benicia. Based in Los Angeles, the vehicle's battery system and body are made in China. CODA has 300 employees worldwide and about 25 at the plant in Benicia. The company has not said how many cars it plans to manufacture in 2012 but numbers are expected to be low -- around 5,000 units or less -- initially...
Oakland has spent $2.9 million in police overtime for Occupy Oakland, according to recently released city documents. As of February 27, the city has paid $3.7 million total for the cost connected to the political movement...
San Francisco's "Transit Tower" – the proposed 60 story, 1,070 feet tall, glassy white high rise – has resurfaced following the Planning Department’s long-term plan wrap-up. According to new plans submitted to the city, the building will contain 1.35 million square feet of office space and will be accompanied by a half-acre public plaza. With 220 feet over the Transamerica Pyramid, this would become San Francisco’s tallest building. Construction could begin late next year.
Connecting the Dots brings the day's news together.