A California housing law grants generous benefits to builders who agree to only hire union workers. Trouble is, few if any builders found a way to do it.

Dhirendra Prasad, 55, of Mountain Home, also was ordered to pay more than $19 million in restitution to his former employer and the IRS.

Mayor Matt Mahan tried to reassure the public that Google remains committed to San Jose in the long term, and San Jose is committed to Google.

The April 21 downgrading of the credit ratings of 11 regional banks by Moody’s raised new doubts about their stability, while their leaders said the turmoil spurred by last month’s collapse of Silicon Valley Bank has passed.

The March 27 purchase by First Citizens Bancshares of all assets and liabilities of the failed Silicon Valley Bank did not include a community reinvestment pledge signed by SVB in 2021 as part of an acquisiton of Boston Private Bank.

At the same time, as the layoffs continued a six-month trend of Silicon Valley downsizing, overall statewide employment slipped slightly, unemployment claims grew and the total number of unemployed Californians grew.

Federal regulators blame banks' poor management, while U.S. Senators this week sharply questioned oversight after Silicon Valley Bank and Signature Bank failures rattled the financial system.

Two weeks after the bank failed, the fallout has hit the start-up market as investors pull back further.

The leak adds to the challenges facing the Elon Musk-owned company, which is trying to identify the person responsible and any other people who downloaded the code.

California’s Legislature has become more diverse than ever. At the same time, a rally against transgender healthcare was held at the state Capitol and anti-semitism in the state is on the rise.

The Federal Deposit Insurance Corporation, ending its search for a buyer of the failed Silicon Valley Bank, announced late Sunday a government-backed deal in which First Citizens Bancorp will buy the bank's loans and assets.

In the 1960s the San Jose State grad predicted the rapid advances in computer chip technology, which became known as the iconic Moore's Law, charting a course for the age of high tech.

The oil industry qualified a 2024 ballot measure to kill a law that bans new oil wells near schools and neighborhoods, and the fast-food industry qualified another to wipe out a law creating a council to regulate fast food wages. 

Yesenia Ramirez Jose Portillo had pleaded guilty in August to eight charges including kidnapping, attempted kidnapping, conspiracy, burglary, and vehicle tampering, for cutting the brakes on Baby Brandon’s mother’s car. They both faced a maximum prison term of 16 years and four months.

The picture that is emerging of SVB is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors.

To combat the presence of fentanyl in the correctional facility, Jonsen said he has taken “extraordinary” measures, including conducting multiple facility searches, more frequent welfare checks and numerous K-9 searches.