Lenders Say Stockton Bankruptcy Costing Millions, While City Continues Pension Payments
A bond insurer said lenders are losing millions in Stockton's bankruptcy while the city continues to fund pricey pensions.
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A bond insurer said lenders are losing millions in Stockton's bankruptcy while the city continues to fund pricey pensions.
The Vallejo Fire Department celebrated the reopening of Station 25 in north Vallejo with an open house Monday morning.
An East Bay solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is asking for more time to file a reorganization plan.
Stockton has filed for Chapter 9 protection, making it the largest American city ever to declare bankruptcy.
When Stockton becomes the largest U.S. city ever to file for bankruptcy, it will strike a hard blow to residents, especially city employees and retirees whose health benefits and pensions helped drive the city toward insolvency.
Officials in Stockton said Tuesday that mediation with the city's creditors has failed, meaning it is set to become the largest American city ever to declare bankruptcy.
The West Contra Costa Unified School District paid the state of California $47 million, $18 million of which was interest.
Four districts are facing major financial troubles, among the almost 200 listed in a new state report.
Three months after CBS 5 caught Solyndra tossing millions of dollars worth of brand new parts, the bankrupt solar firm may be trying to abandon toxic waste.
The City of Vallejo is no longer in bankruptcy, and now a sales tax increase which goes into affect April 1st is expected to generate millions more dollars.
Stockton leaders have approved a series of emergency fiscal steps they hope will allow the city to avoid bankruptcy.
A Delaware bankruptcy judge has approved close to $370,000 in bonuses for certain employees of Solyndra LLC, a solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy.
After filing for bankruptcy last year, Fremont solar company Solyndra still owes American taxpayers half a billion dollars. But CBS 5 caught them destroying millions of dollars worth of parts.
The Washington Times reports that bankrupt Fremont-based solar panel maker Solyndra hopes to give its executives thousands of dollars in bonuses.
High tech workers formerly employed by Solyndra are getting some much-needed help in the search for new jobs. Two cities are holding career fairs specifically for laid off workers of the failed solar start-up.
The parent company of American Airlines and affiliate American Eagle Airlines has become the latest in legacy airlines to file for Chapter 11 bankruptcy.
The top GOP aide to a House committee investigating Fremont-based Solyndra Inc. once worked for a lobbying firm that helped the now-bankrupt solar company apply for a half-billion-dollar federal loan.
A long-time Bay Area based supermarket will shut its doors for good at their Telegraph Avenue location.
The Fremont solar panel manufacturer that received a half-billion dollar loan from the federal government has been unable to attract much interest from potential buyers to take over its operations.
Energy Secretary Steven Chu testified Thursday that no one from the White House ever contacted him to make a political decision on a half-billion-dollar loan to a Fremont solar company that later went bankrupt.
New court documents show the founder and former CEO of solar panel maker Solyndra Inc. negotiated a severance package worth almost half a million dollars.
California has halted an alternative energy program following the bankruptcy of Solyndra, a Fremont solar company that received $25 million in state tax breaks.
The success of crime cameras in controlling prostitution has led Vallejo to expand the number of cameras deployed around town.
The chief executive of Fremont solar company Solyndra, whose bankruptcy led to a Congressional investigation of federal energy loan guarantees, has resigned.
Top executives from a bankrupt Fremont-based solar energy company have declined to testify before a congressional hearing investigating their half-billion dollar government loan.
The California Highway Patrol has activated an Amber Alert after authorities said an infant from Hayward was abducted.
New California laws implement restrictions on handgun sales and require more clarity for food expiration date labels.
A woman suffered injuries but survived falling 1,500 feet down California's Mount Shasta, which she had attempted to climb, officials said.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
A shooting in the San Francisco Mission Bay injured two people on Tuesday night.
The California Highway Patrol has activated an Amber Alert after authorities said an infant from Hayward was abducted.
New California laws implement restrictions on handgun sales and require more clarity for food expiration date labels.
A woman suffered injuries but survived falling 1,500 feet down California's Mount Shasta, which she had attempted to climb, officials said.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
A shooting in the San Francisco Mission Bay injured two people on Tuesday night.
A shooting in the San Francisco Mission Bay injured two people on Tuesday night.
One person and two dogs were rescued from a fire at a multifamily home in San Francisco's Mission District late Monday night, firefighters said.
Just before 2 p.m., the department said crews responded to a multi-story church at the intersection of California and Broderick for a one-alarm fire. The fire was then raised to two-alarm about 20 minutes later.
The Archdiocese of San Francisco has agreed to pay nearly $400 million in a settlement with survivors of clergy sexual abuse, attorneys for the survivors announced on Monday.
The city of San Francisco is taking heightened police and security measures in advance of two major events in the Bay Area this week - the 4th of July and the knockout round of the FIFA World Cup.
The California Highway Patrol has activated an Amber Alert after authorities said an infant from Hayward was abducted.
A gas leak in Fremont near Interstate Highway 680 on Tuesday afternoon forced some evacuations and a rerouting of street traffic onto the freeway.
A jury convicted an Oakland man in the 2024 torture and murder of a Bay Area artist, Alameda County District Attorney Ursula Jones Dickson announced Tuesday.
A man was rescued with life-threatening injuries after an SUV went into the water at an Alameda boat launch Sunday night, firefighters said.
A three-alarm fire damaged two homes and an accessory dwelling unit Sunday afternoon in Castro Valley, displacing multiple people and pets, officials said.
Euro Grill, owned by Mirza Avdic and his father, has become a gathering place for fans traveling to the Bay Area as Bosnia and Herzegovina makes its first-ever appearance in the knockout stage of the FIFA World Cup.
Fire crews rescued a person from a burning home in San Jose on Tuesday, authorities said.
One man was killed and another was severely injured in a shooting in downtown San Jose on Sunday night, a block from what has been the site of FIFA World Cup festivities in the city.
Two people were injured Monday after a small helicopter crashed in San Jose just outside of the Reid-Hillview County Airport.
One person was killed and another was critically injured in a shooting Sunday night in downtown San Jose, police said.
A furry case of mistaken identity occurred this week after a Sonoma County resident discovered what they thought was a baby otter in their backyard.
The company says its plan is misunderstood. They say they are offering new "edge computing" communications equipment which is more resilient during emergencies, a landing site for future aerial medical vehicles, and, yes, more parking.
A wildfire was burning in a remote area in Napa County near the Lake County line on Monday and fire crews were using multiple aircraft to try and contain the fire.
A Bay Area tech entrepreneur is investing millions of dollars to preserve the character of Point Reyes Station to balance change, tourism, and preservation in the small Marin County town.
Frenchie's Owner Morgan Gray, a sommelier who has worked in the wine and hospitality industry for years, said downtown Santa Rosa offered the right mix of affordability and character for her first small business.
Euro Grill, owned by Mirza Avdic and his father, has become a gathering place for fans traveling to the Bay Area as Bosnia and Herzegovina makes its first-ever appearance in the knockout stage of the FIFA World Cup.
World Cup fans were set to cheer on their favorite teams at watch parties around the Bay Area, with a U.S. knockout match on tap.
Robbie Ray outpitched Chris Sale in a matchup of Cy Young Award winners and the San Francisco Giants held off the Atlanta Braves for a 3-2 victory.
Rafael Devers homered twice and drove in four runs as the San Francisco Giants beat the Atlanta Braves 5-0 behind Logan Webb's magnificent pitching.
Mauricio Dubón had two hits and scored twice against his former team, Ozzie Albies drove in two runs and the Atlanta Braves beat the San Francisco Giants 3-1 to stop a four-game skid.
The California Highway Patrol has activated an Amber Alert after authorities said an infant from Hayward was abducted.
A shooting in the San Francisco Mission Bay injured two people on Tuesday night.
A federal grand jury charged five individuals from Fresno with participating in a years-long multi-state firearms trafficking conspiracy.
A jury convicted an Oakland man in the 2024 torture and murder of a Bay Area artist, Alameda County District Attorney Ursula Jones Dickson announced Tuesday.
One man was killed and another was severely injured in a shooting in downtown San Jose on Sunday night, a block from what has been the site of FIFA World Cup festivities in the city.
The company says its plan is misunderstood. They say they are offering new "edge computing" communications equipment which is more resilient during emergencies, a landing site for future aerial medical vehicles, and, yes, more parking.
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
The most advanced artificial intelligence models are improving quickly enough to outsmart prevailing cybersecurity know-how within months, the Five Eyes spy agency alliance is warning.
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
A Bay Area cancer patient is making more memories and living longer than his initial diagnosis thanks to a groundbreaking treatment for his particularly aggressive form of brain cancer.
Health officials in the San Francisco Bay Area issued a warning about a potential measles exposure after an infected resident traveled through San Francisco International Airport and local businesses.
Health officials in Berkeley said one person died and another person was hospitalized after contracting leptospirosis from rats that had infested their RV.
Grocery sales at two Target stores in San Jose were halted over the past week, after health inspectors found evidence of rodent infestations.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
President Trump earned more than a billion dollars from crypto-related ventures alone last year, according to a financial disclosure, including from his meme coin business and his family's cryptocurrency firm.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
The Supreme Court upheld state laws from West Virginia and Idaho that restricted participation by transgender athletes in girls' and women's sports.
The Supreme Court on Monday ruled that states can count mail ballots that are cast by Election Day but arrive later, rejecting a GOP challenge to a Mississippi law.
A unanimous federal jury found that a preponderance of evidence supported Carroll's claim that Mr. Trump sexually abused her.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
In one of the most competitive real estate markets in America, a San Francisco real estate agent dons fabulous drag to help promote homes for sale. Itay Hod reports.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
The two-hour special will have live reporting from the San Francisco Pride Parade route and stories featuring people from the Bay Area's LGBTQ community.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
For the first day of July, expect morning clouds making way for clear skies and breezy conditions. Highs are expected to range from the 60s along the coast, to the 80s inland. Jessica Burch has the forecast.
Kevin Ko reports on fan excitement for the World Cup match between Team USA and Bosnia and Herzegovina.
John Ramos reports on a push for reparations in Alameda County.
Loureen Ayyoub reports on the Bosnian community’s excitement for the World Cup match.
The Supreme Court ruled to uphold birthright citizenship Tuesday. The debate over birthright citizenship began in San Francisco more than a century ago. Devin Fehely reports.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.