A three-year criminal and civil investigation by federal authorities has reportedly discovered a large number of insider trading rings, which took in millions of dollars in profits. Two of the companies reportedly under investigation are Advanced Micro Devices of Sunnyvale and Primary Global Research of Mountain View.
Articles by Silicon Valley Newsroom
Governor Arnold Schwarzenegger wrote a letter to Transportation Secretary Ray LaHood asking for Wisconsin’s high speed rail funding. Wisconsin governor-elect Scott Walker wants to use the $810 million allocated to the state for high speed rail redirected for road repairs, but LaHood has turned him down, saying that the money should go specifically for trains, even if they are in another state.
Two parents at Baldwin Elementary School are charged with embezzling $30,000 from funds raised to support the school. The money, raised from book fairs, a walkathon and other sources, was intended for school counselors and a handwriting programs for kindergarteners. They allegedly used it instead at Old Navy and for Netflix.
The principal of Del Mar High School is under fire after allegedly preventing an ambulance from driving on to the school’s football field. Fourteen-year-old Keanu Gallardo suffered a head injury during a football game at San Jose’s Del Mar High School, but had to be taken by gurney to the ambulance, 75 yards away. Parents want to know why.
They’ve tried it before and they’re trying it again. The City Council is considering a partial ban on plastic bags, in an effort to cut back on the ubiquitous, non-biodegradable sacks that clog streams and contribute to the Great Pacific Garbage Patch. A public meeting on the subject is planned for 6pm this Thursday at City Hall.
The number of people needing help feeding their families this Thanksgiving may be rising, but the number of turkeys available is down at public charities across the county. San Jose’s Salvation Army just received a donation of 68 turkeys, but they still have less than half of what they will need for the holiday, now only two weeks away.
In an effort to overcome a looming deficit, Santa Clara City Council voted 6-1 on Tuesday to lay off about 80 workers if their representatives don’t agree to a 5 percent pay cut or 12 days of unpaid furlough.
City Council voted against the sale of the municipal water system to the San Jose Water Company. It wants the voters to approve the transfer of 10 percent of the water company’s revenues to the cash-strapped general fund to help counter a looming deficit.
The City Council is expected to expedite the construction of four new rental housing projects in North San Jose, valued at about $1 billion. The projects are expected to add 8,800 new jobs to the local construction industry. In order to ease the projects’ construction, the Council voted unanimously to lift the current affordable housing requirements in redevelopment zones, which, they claim, have prevented a number of potential projects from moving forward.
The SJPD has arrested five men for allegedly kidnapping a local businessman and demanding $1 million in ransom from his family. The victim, described as a local food business owner, was released from a home in the 1100 block of Fargate Circle and taken to the hospital, where he was treated for injuries resulting from the incident.
