468x60 General & Logo

Wells Fargo passes Citigroup to become nation’s third-largest bank

San Francisco-based Wells Fargo is now the third-largest U.S. bank by assets, passing behemoth Citigroup to claim the spot, a new report says. The Wall Street Journal reports that year-end reports released by the banks [Read entire story]

San Francisco will foot bill for Super Bowl 50, but Santa Clara won’t pay a dime

San Francisco will foot bill for Super Bowl 50, but Santa Clara won't pay a dime

A budget analyst report shows that the City of San Francisco will pay $4.8 million to host the celebration the week leading up to Super Bowl 50, while Santa Clara will see all of its hosting costs covered by the NFL's [Read entire story]

San Francisco will foot bill for Super Bowl 50, but Santa Clara won’t pay a dime

A budget analyst report shows that the City of San Francisco will pay $4.8 million to host the celebration the week leading up to Super Bowl 50, while Santa Clara will see all of its hosting costs covered by the NFL's [Read entire story]

Here’s how low California’s reservoirs still are

Here's how low California's reservoirs still are

A booming El Niño weather pattern and historic levels of snowpack in the Sierra Nevadas has been welcome news for drought-parched Californians – but it doesn't mean the Golden State's reservoirs are anywhere close to [Read entire story]

Surprise! Don’t blame tech buyers — Bay Area is low on the list for all-cash buys

Surprise! Don't blame tech buyers — Bay Area is low on the list for all-cash buys

New data from housing site Zillow shows a trend that might come as a surprise to many watchers of Bay Area real estate: When it comes to all-cash deals, the San Francisco metro region didn't even crack the list of top 10 [Read entire story]

USPS will hike some postal rates as much as 14% starting Jan. 17

USPS will hike some postal rates as much as 14% starting Jan. 17

The U.S. Postal Service will officially raise rates for two services on Sunday Jan. 17 in a move that will increase the shipping costs of many small businesses. USPS' 9.8 percent rate hike for its Priority Mail service [Read entire story]

As valuation crumbles, Foursquare CEO will step down

As valuation crumbles, Foursquare CEO will step down

The CEO of location-sharing app Foursquare has stepped down, six years after founding it and fresh on the heels of the company raising $45 million in funding at a reportedly reduced vauation. Dennis Crowley originally [Read entire story]

Dating website Zoosk lays off a third of staff, as Tinder competition roars

Dating website Zoosk lays off a third of staff, as Tinder competition roars

Edged out by Tinder and more popular dating apps, San Francisco-based Zoosk has laid off a third of its staff, or 40 employees, only a year after cutting a previous 15 percent of its roster. Zoosk CEO Kelly Steckelberg [Read entire story]

Raiders to stay in Oakland, withdraw request to move to Southern California

Raiders to stay in Oakland, withdraw request to move to Southern California

The Oakland Raiders withdrew their request to move the team to Los Angeles after a coalition of owners from the National Football League backed the relocation of two other teams instead, according to tweets and reports [Read entire story]

Oakland has the hottest neighborhoods in the Bay Area, Zillow says

Oakland has the hottest neighborhoods in the Bay Area, Zillow says

Housing site Zillow today issued its forecast for the hottest neighborhoods in the San Francisco metro area for 2016 – and it turns out they are all in Oakland. The results are based on the Zillow Home Value forecast, [Read entire story]

Raiders say Oakland ‘not fit to be an NFL city,’ report says

Raiders say Oakland 'not fit to be an NFL city,' report says

Oakland officials have negotiated in bad faith with the Raiders and reneged on a series of promises, team officials have told NFL owners and top brass recently. The Orange County Register quotes unnamed people familiar [Read entire story]

Premier Cru files for bankruptcy as ‘wine pyramid scheme’ lawsuits mount

Premier Cru files for bankruptcy as 'wine pyramid scheme' lawsuits mount

The Berkeley wine store recently accused of running a "wine pyramid scheme" has filed for bankruptcy, says a new report. Besieged Berkeley wine store Premier Cru, in the news recently for a rash of lawsuits alleging it [Read entire story]

Uber sees profitability in major markets despite losses

Uber sees profitability in major markets despite losses

Uber could be profitable in its developed-country markets starting this year, but its losses grew to nearly $1 billion in the first half of last year, according to a new report citing confidential company documents. The [Read entire story]

Well-known East Bay developer pleads guilty to federal charges

Well-known East Bay developer pleads guilty to federal charges

A prominent East Bay developer will serve a year of probation, pay a $650,000 fine and serve 100 hours of community service after pleading guilty to violating federal environmental laws while developing a site in [Read entire story]

Pinterest may be missing its window of opportunity, says new report

Pinterest may be missing its window of opportunity, says new report

San Francisco-based social media company Pinterest may be valued at $11.1 billion and a favorite to go public this year, but its failure to capture momentum in advertising and close big deals means it could miss its [Read entire story]

Berkeley stalwart Black Oak Books to shut its doors, says city is too expensive

Berkeley stalwart Black Oak Books to shut its doors, says city is too expensive

Storied Black Oak Books, a Berkeley stalwart, will close its doors at the end of the month after 33 years of business, according to a report in Berkeleyside. “I wish I could have kept it open,” owner Gary Cornell, [Read entire story]

Google snags lease, will bring 150 new jobs to Alameda

Google snags lease, will bring 150 new jobs to Alameda

Tech giant Google is expanding its footprint in Alameda and will bring 150 news jobs to the area. After a nearly three-year stint leasing at the Alameda Naval Air Station, the City Council officially approved the lease [Read entire story]

Home sells for $20.5 million in record-breaking sale

Home sells for $20.5 million in record-breaking sale

A futuristic 14,000 square-foot Berkeley/Oakland Hills mansion that was built for tech entrepreneur Robert Felton has sold for $20.5 million, making it the most expensive home ever sold in Alameda County, says its [Read entire story]

Worried Californians purchased over 20,000 flood insurance policies in November

Worried Californians purchased over 20,000 flood insurance policies in November

Californians worried about the wet winter and the strongest El Niño on record purchased more than 20,000 new National Flood Insurance Program Policies during November, new federal data shows. The Federal Emergency [Read entire story]

California cut water use 20.3% in November, missing target as El Niño roars

California cut water use 20.3% in November, missing target as El Niño roars

Despite an ongoing statewide drought, California consumers only cut their water usage by 20.3 percent in November, using the most water since restrictions went into effect six months ago. New figures released by state [Read entire story]