Joseph Sullivan of Palo Alto also was ordered to pay a $50,000 fine for hiding information from Uber executives and the Federal Trade Commission.

The bribes included $55,000 in payments for holiday parties a San Francisco public works manager hosted for friends, political supporters and select public works employees, from October 2017 through January 2020.  

The lawsuit alleges that Google leverages control over online advertising, driving out competition and receiving profits that far exceed what could be made in a competitive market.

As part of its deal, all 84 First Republic branches in eight states – including  seven in Santa Clara County, 15 in San Francisco, six in San Mateo County, eight in the East Bay and 17 in Southern California – will reopen this morning as JPMorgan branches.

A Sunday night deadline loomed as JPMorgan and PNC were said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.

Former HeadSpin CEO Manish Lachwani admitted he presented false revenue information to investors, from whom the company raised more than $100 million.

A California housing law grants generous benefits to builders who agree to only hire union workers. Trouble is, few if any builders found a way to do it.

Dhirendra Prasad, 55, of Mountain Home, also was ordered to pay more than $19 million in restitution to his former employer and the IRS.

Mayor Matt Mahan tried to reassure the public that Google remains committed to San Jose in the long term, and San Jose is committed to Google.

The April 21 downgrading of the credit ratings of 11 regional banks by Moody’s raised new doubts about their stability, while their leaders said the turmoil spurred by last month’s collapse of Silicon Valley Bank has passed.

The March 27 purchase by First Citizens Bancshares of all assets and liabilities of the failed Silicon Valley Bank did not include a community reinvestment pledge signed by SVB in 2021 as part of an acquisiton of Boston Private Bank.

At the same time, as the layoffs continued a six-month trend of Silicon Valley downsizing, overall statewide employment slipped slightly, unemployment claims grew and the total number of unemployed Californians grew.

Federal regulators blame banks' poor management, while U.S. Senators this week sharply questioned oversight after Silicon Valley Bank and Signature Bank failures rattled the financial system.

Two weeks after the bank failed, the fallout has hit the start-up market as investors pull back further.

The leak adds to the challenges facing the Elon Musk-owned company, which is trying to identify the person responsible and any other people who downloaded the code.

California’s Legislature has become more diverse than ever. At the same time, a rally against transgender healthcare was held at the state Capitol and anti-semitism in the state is on the rise.