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Yahoo to sell half of its Alibaba stake for $7.1B
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Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, and the struggling U.S. Internet company said it would return most of the cash to shareholders.
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Facebook's Mark Zuckerberg changes status to 'married'
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A day after taking his company public in one of the most anticipated stock offerings in Wall Street history, Facebook CEO Mark Zuckerberg did something really important: He got married. The surprise nuptials to Harvard sweetheart Priscilla Chan was held in the leafy yard of his Palo Alto home on Saturday evening, before about 100 guests who thought they were there to celebrate Chan's graduation from medical school on last week.
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California jobless rate dips slightly to 10.9 percent
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California's unemployment rate dipped slightly in April to 10.9 percent, the state said Friday, as a federal survey showed 20,000 new jobs were created.
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Taking slice out of labor key to Gov. Jerry Brown's tax campaign
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Demanding a 5 percent pay cut is a curious way to reward some of your strongest political allies. But taking a slice from the hide of labor has become a key component to Gov. Jerry Brown's strategy of getting voters to pass his tax hikes next fall. Though he criticized billionaire Meg Whitman, his GOP rival in 2010, for vowing to cut 40,000 state workers from the state payroll, Brown himself has rolled back the workforce at a brisk pace.
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California retailers reach out with bilingual clerks
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In a hypercompetitive retail environment, more national stores and some local chains are emphasizing that many of their employees are bilingual and can help customers whose first language is not English.
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O'Brien: The Other Faces of Facebook
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Zuckerberg and Sandberg are the stars. But these three, with much lower profiles, have crucial roles. Bret Taylor keeps the lights on. Chris Cox brings passion to the product. And David Ebersman kept the IPO on track.
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Chavez Supermarket sets up shop on Mission Boulevard in Hayward
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Back in 1984, when Mexican immigrant David Chavez first opened a taqueria and meat market in Redwood City, it was a three-person operation. After a period of slow growth, things took off in the mid-2000s, and Friday brought the opening for the ninth Chavez Supermarket.
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Republican Senator gives up dream home in short sale
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Utah Republican Sen. Mike Lee has experienced the housing bust first-hand after short selling his dream home a few months after taking office.
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Salinas grower recalls bagged iceberg lettuce
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A Salinas lettuce grower has voluntarily recalled certain bagged salads after routine sampling detected listeria contamination.
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It's official: Martinez sells historic building amid hopes for a downtown revival
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MARTINEZ -- Martinez finally flipped the historic downtown building city leaders bought seven years ago. The City Council on Wednesday sold 630 Court St.
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Bay Area regional growth plan advances
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Two regional agencies select for environmental analysis an air-pollution reduction strategy to concentrate new jobs and housing along transportation corridors. Critics on the right denounced regional planning while those on the left sought more public investment in housing and transit for the poor.
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Oakland "Potrepeneur" needs new attorney
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Dhar Mann, Oakland's budding "potrepeneur," will likely have a new lawyer by his side when he gets arraigned Wednesday. John Runfola emailed reporters Friday that he had withdrawn as Mann's attorney.
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Cassidy: Facebook's IPO is more than a liquidity event in Silicon Valley -- and beyond
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Silicon Valley has had its share of Mega-IPOs. The valley treats them like local holidays. But with Facebook there s a twist: In changing the way people connect, the social network has invited the world to the IPO party.
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Facebook IPO huge, but no "pop"
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Facebook hit the stock market with a splash on Friday, setting records for valuation and volume of first-day trading, but failed to satisfy the expectations of many around the world who were looking for a huge pop in the social networking giant's share price.
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South Bay adds 3,600 jobs, strongest employment gains for April in entire state
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The Bay Area overall added 3,200 jobs -- but that represented a sharp slowdown from the pace of gains earlier this year, a worrisome development for the nine-county region. During the first three months of this year, the Bay Area had averaged monthly gains of about 12,600 jobs.
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