Peet's Coffee logo (CBS)

Peet’s Coffee Sold For Nearly $1B To German Conglomerate

Peet’s Coffee & Tea is being taken private for approximately $977.6 million.


A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

Investors Buying Up Many Foreclosed Oakland Homes

An advocacy group for low-income people issued a report Thursday that says investors are buying foreclosed homes in the poorest neighborhoods in Oakland in a trend that is destabilizing communities.


Facebook CEO Mark Zuckerberg

Facebook Hits The Road As Company Is Set To Go Public

Top executives are traveling across the country as the social network gets set to go public next week.



Facebook Files To Go Public, Raise $5 Billion

Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.


Oracle Corp. company headquarters in Redwood Shores. (Justin Sullivan/Getty Images)

Oracle Shares Plunge On Grim Earnings, Outlook

Shares of Oracle plunged almost 14 percent in early morning trading Wednesday, a day after the business software company said it was struggling to close deals.



Facebook Seeks To Raise $10 Billion In IPO

Facebook might finally be laying down the groundwork for a highly-anticipated initial public offering, long expected to take place sometime after April 2012.


Apple chief executive Steve Jobs unveils the iPhone at the Macworld Conference in January, 2007 in San Francisco. (Photo credit: TONY AVELAR/AFP/Getty Images)

Lessons For Investors From Steve Jobs’ Resignation

Despite his medical history, investors appeared to be taken off-guard by the announcement of Apple CEO Steve Jobs’ resignation.

CBS San Francisco–08/25/2011

Wells Fargo Bank in San Francisco

Wells Fargo Reaches $590 Million Wachovia Settlement

The settlement would end a 2008 suit that charges Wachovia misled investors in its bonds and preferred securities by understating losses associated with risky mortgages. Wells bought Wachovia that year.

CBS San Francisco–08/05/2011

The Earl Warren Building and Courthouse at Civic Center Plaza in San Francisco. (AP file photo)

Canceled Sale Of California Buildings Prompts Lawsuit

The investors who won the contract to buy 24 state office buildings have sued the state.

CBS San Francisco–03/11/2011

Gov. Jerry Brown

Brown Drops Plan To Sell State Buildings

California Gov. Jerry Brown has dropped a plan to sell 24 state government buildings to private investors.

KPIX 5 | CBS San Francisco–02/09/2011