Business Briefs – December 29, 2015

San Francisco’s Housing Shortage Threatens African Americans

SAN FRANCISCO (AP) — San Francisco developers are finally wading into a part of the city long plagued by poverty.

As modern dwellings crop up, there are fears that the city’s dwindling population of African Americans will not be able to afford the neighborhood that writer James Baldwin once called “the San Francisco America pretends does not exist.”

The city’s population climbed to about 860,000 this year, but the number of African Americans plummeted from 100,000 in 1970 to fewer than 500,000.

Coal Industry on Track for Record Low in Mining Deaths

LOUISVILLE, Ky. (AP) – The U.S. coal industry is close to setting a record low for on-the-job deaths in coal mines. In late December, there were 11 deaths nationwide for the year, putting the industry on track to best the record low of 16 set in 2014.

Bruce Watzman, a spokesman for the National Mining Association, said the industry has a goal of zero fatalities. He said reduction in mine employment may also be a factor in the record low deaths.

KaloBios Appealing Nasdaq Delisting

NEW YORK (AP) – KaloBios, the biotech company formerly run by Martin Shkreli, is appealing a decision by Nasdaq to delist the company from its stock market.

KaloBios was notified last week that Nasdaq would move to delist its stock because of Shkreli’s arrest and several other issues.

Shkreli was charged with securities fraud earlier this month. KaloBios subsequently fired him as CEO; he resigned from its board.