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Archive for May 5th, 2011

Oil Prices Crash, Losing more than 10 Percent in Largest Single Day Loss in History

Oil Prices Crash, Losing more than 10 Percent in Largest Single Day Loss in History

Oil collapsed into free-fall on Thursday, diving more than 10 percent and sending U.S. crude back under $100 a barrel as investors staged an unprecedented stampede for the exits. Weak economic data from Europe and the United States fed concerns that have battered commodities all week. German industrial orders fell unexpectedly in March while U.S. weekly jobless claims hit eight-month highs. But the onslaught of selling went far beyond any single cause. Brent crude plunged more [...]

Takedown of Contra Costa Gangs that Nets 35 Arrests and More Than 135 Pounds of Meth

Attorney General Kamala D. Harris today announced the successful conclusion of Operation Red Reach, a coordinated law enforcement sweep that shut down a network of local and transnational gangs that dealt in narcotics and firearms, homicide and fraud in western Contra Costa County and nearby areas. "We are fighting transnational gangs from one end of California to another," Attorney General Harris said. "With the cooperation of local and federal law enforcement agencies, we're going to [...]



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