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Supervisors want to split municipal transit agency in two — here’s why

San Francisco Supervisors Aaron Peskin and Ahsha Safai want to split the San Francisco Municipal Transportation Agency back into two agencies via a ballot initiative they'd roll out in June, a new report says. The move [Read entire story]

Trump just tweeted about Wells Fargo and you’ll be surprised

Federal regulators will still pursue fines and penalties against Wells Fargo for its part in a cross-selling banking scandal, President Donald Trump tweeted Friday morning. There had been multiple reports in recent days [Read entire story]

Bay Area tech companies hire attractive models for parties at a record pace, report says

Bay Area tech companies are paying $50 to $200 an hour per model to have beautiful women attend their parties, chat up the guests and pretend to be friends with their employees, Bloomberg reports. The news service [Read entire story]

Pinterest poaches new development exec Gary Johnson from Facebook

Pinterest has hired a new head of corporate and business development, Gary Johnson, who it poached from an almost identical role at Facebook. The San Francisco-based "search engine for ideas" has hired Johnson at a time [Read entire story]

PG&E board chairman will retire in less than two weeks, energy giant says (Video)

Anthony Earley Jr., the former CEO and chairman of PG&E Corp.'s board of directors, will retire effective Dec. 15, the regional utility giant said today in an SEC filing. San Francisco-based PG&E said Earley's departure [Read entire story]

Public bank to be owned by San Francisco gains traction as cannabis deadline nears

Two San Francisco city supervisors are pushing the city to open its own public bank, in a bid to keep the city from being too involved with large commercial banks and as a way to give cannabis business owners a place to [Read entire story]

Three Uber security execs step down as fallout from hacking scandal grows

Three top security managers at Uber Technologies Inc. have voluntarily resigned, the company said this week, as Uber struggles to right itself after recently disclosing it hid a data breach that affected 57 million [Read entire story]

MBA student catches Stanford’s business school cheating on how it issues grants

An MBA student at Stanford's elite business school has caught the school cheating on how it allocated its fellowship grants, a discrepancy he found after parsing a major data breach of student information. Business [Read entire story]

These are the top 10 toughest San Francisco restaurants to get into

If you're looking to cut down on your wait time when choosing a San Francisco eatery soon, now might be a good time to take a look at our list of the city's hardest restaurants to get into. The Business Times teamed up [Read entire story]

PG&E warns that losses from wildfires, related lawsuits could cost it hundreds of millions of dollars

Energy giant PG&E has advised investors and regulators that it expects to experience hundreds of millions of dollars of losses from October's wildfires in Wine Country — some of which may eventually include paying out [Read entire story]

PG&E warns that losses from wildfires, related lawsuits could cost it hundreds of millions of dollars

Energy giant PG&E has advised investors and regulators that it expects to experience hundreds of millions of dollars of losses from October's wildfires in Wine Country — some of which may eventually include paying out [Read entire story]

Emeryville’s largest employer, Pixar, hit with its own harassment scandal as founder John Lasseter takes leave

Pixar Chief Creative Officer John Lasseter will take a leave of absence after allegations by employees that he sexually harassed and groped them surfaced Tuesday. Pixar has a large presence in the East Bay city of [Read entire story]

Sutter destroyed boxes of crucial evidence in antitrust suit, judge says

Health care giant Sutter Health intentionally destroyed nearly 200 boxes of crucial evidence sought by lawyers in an antitrust lawsuit, a San Francisco County Superior Court judge ruled. Judge Curtis E.A. Karnow said in [Read entire story]

Here are UC Berkeley’s top 10 donors — and No. 5 might surprise you

The University of California, Berkeley, has one of the world's largest public university endowments at $1.59 billion, but the university can still benefit from philanthropy. The top 25 donors to Cal last year gave $137 [Read entire story]

Wells Fargo fires consumer lending head for talking to former employee about termination

Wells Fargo on Friday said it had terminated its head of consumer lending this week, after the executive acted contrary to the bank's policies and expectations. The San Francisco-based bank said it fired the exec, [Read entire story]

Airbnb acquires two companies as it aims to attract all travelers, including those with disabilities

San Francisco-based short-term rental site Airbnb has acquired two companies as part of a strategic push to appeal to more travelers, including buying a British startup designed to find accommodations for travelers with [Read entire story]

No turkey for you: BART says new trains won’t be running by Thanksgiving after all

New BART trains won't be up and running in time for Thanksgiving, the transit agency said this week, because they failed a systems test earlier this month and aren't ready for prime time yet. Bay Area Rapid Transit said [Read entire story]

California finally unveils regulations for setting up a recreational cannabis business

The State of California has finally released regulations that cannabis businesses must follow when they start selling recreational marijuana on Jan. 1. The release of the 276-page rule book has been eagerly awaited by [Read entire story]

This $29.5 million ‘Old Tahoe’ estate is seeking a Bay Area buyer

Do you need 14 bedrooms, a private pier and 200 feet of frontage access to Lake Tahoe? If you said yes, then this estate that just came on the market for $29.5 million on ritzy Sunnyside Lane may do the trick. Dubbed [Read entire story]

Reddit CEO eyes ‘inevitable’ IPO by 2020

San Francisco-based social news website Reddit is planning to go public by 2020, the company's CEO said this week. Speaking at an Internet Association event in San Francisco, Reddit CEO Steve Huffman said that going [Read entire story]