There were 13,366 businesses and individuals declaring bankruptcy before the San Jose Division of the U.S. Northern California District Bankruptcy Court in 2010. It is a 16 percent increase over 2009, and 2011 shows no real signs for optimism.
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On Thursday Intel reported a net fourth quarter income of $3.4 billion, which translated into 59 cents per share. Total revenues for the quarter were $11.5 billion, while annual revenues for 2010 were $43.6 billion. Share prices were up $2.05 over the previous year, making 2010 the most profitable year in the company’s history.
Mineta Airport’s Terminal B was on lockdown Thursday night after a woman exited the secure area and attempted to re-enter through the exit line, bypassing a second screening. Because of the incident, all of the passengers in the terminal were forced to go through a second screening. Even passengers already on planes were told to leave the aircraft and go through screening again.
While California struggles to locate death penalty drugs, the state is also facing a shortage of chemotherapy drugs. The problem is that the chemo drugs are not profitable, so big drug companies have cut back on producing them. That could mean a price hike is on the horizon.
David Shaw takes over where Jim Harbaugh left off, as the Stanford offensive coordinator of two seasons was promoted to being the next Cardinal football coach.
Microsoft is disputing Apple’s intention to trademark the term “app store.” They contend that it’s a generic term and cannot, therefore, be trademarked. Apple disagrees. Yes, “app” is short for “application software,” but it is also an abbreviated form of the company’s name, Apple.
On Wednesday, Intel named 300 high school students nationwide as semifinalists in its annual Science Talent Search competition. A record 26 students are from the South Bay, with two San Jose schools, Harker Academy and Lynbrook, accounting for half of the local nominees. The Harker Academy produced seven intrepid researchers, while Lynbrook produced six.
Firefighters are investigating whether the fire at the Herb Appeal medical marijuana dispensary was the result of arson. While other marijuana collectives have had fires in the past, they were usually the result of faulty wiring indoors. In order to determine whether the fire was, in fact, arson, investigators are now searching for traces of accelerant at the scene.
Under normal conditions, the Almaden Valley is out of reach for people looking for an affordable home. It’s an exclusive neighborhood with top schools, great parks and a stunning view of majestic Mount Umunhum from just about anywhere. That’s why it’s so popular with executives, engineers and even athletes (several Sharks are reported to make their homes here). But today’s market has made the Almaden Valley more accessible.
Boutique owner Ibi Oluwole fills her Santa Clara and Willow Glen shops, both called Ibiss, with affordable high-style garments and accessories.
