kpix-7-2013-masthead kcbs 7-2013-masthead

Money

hi tech generic, laptop, technology

Gap Between Rich And Poor Much Larger In SF, Oakland Than In San Jose

It comes as no surprise that San Francisco and Oakland are top 10 among major United States cities for the earning gap between the haves and have-nots. However, you may be surprised to hear that San Jose ranks much lower among the 50 largest cities on income disparity, according to a Brookings Institute report.

02/25/2014

KPIX 5's Christin Ayers is shown a sweepstakes game at an internet cafe. A customer buys internet time to use and in exchange they are rewarded with a chance to win cash. (CBS)

Lawmaker Pushing To Ban California Internet Gambling Cafes

They look suspiciously like illegal casinos: Computer cafes where you can take your chances on winning cash. Now, one lawmaker is cracking down, proposing a ban that could wipe them out for good.

01/08/2014

Drugs, cash and an assault weapon were recovered after a raid on a Vallejo home. (Solano County Sheriff)

Drugs, Cash And Guns Recovered In Raid On Vallejo Home

Drugs, cash and an assault weapon were seized and two men were arrested at a home in Vallejo on Monday by the Solano County Sheriff’s Enforcement Team.

10/30/2013

Pot Warehouse Will Pad Oakland's Coffers

North Bay Man Convicted After Police Find Pot-Scented Cash

A Northern California jury has convicted a man of being in possession of money from a pot deal after police discovered the marijuana-scented cash, but no drugs, in his car’s trunk.

09/27/2013

Floyd Mayweather Jr. (L), Canelo Alvarez (R) (credit: Ethan Miller/Getty Images)

Keidel: Mayweather And Alvarez Fight For The Soul Of Boxing

Alvarez and Mayweather are fighting at a catch-weight of 152 pounds, which, if you’re looking for an edge, would probably point to Alvarez, the naturally larger man. But Mayweather has a way of making larger men look small.

09/13/2013

California State Capitol

ConsumerWatch: California Lawmakers Crack Down On PUC

SACRAMENTO (KPIX 5) – California lawmakers are moving to rein in the state’s Public Utilities Commission by taking the first steps toward requiring the agency to justify its entire yearly $1.4 billion budget. The move […]

05/13/2013

(CBS)

Funding For Business Startups Declines

A new study shows that funding for business startups declined in 2012, the first time that’s happened in three years, as venture capitalists spent less money on fewer deals.

01/18/2013

(CBS)

Ex-Silicon Valley Hedge Fund Manager Gets 12 Years For Fraud

A former Silicon Valley hedge fund manager has been sentenced to 12 years in federal prison for defrauding investors out of millions of dollars.

01/14/2013

Henry Coe State Park in Santa Clara County (CBS)

Park Officials Conspired At Highest Levels To Hide $20M From State

The state attorney general’s office says officials at the highest level of the California Department of Parks and Recreation helped keep millions of dollars secret for more than a decade.

01/04/2013

California State Parks

Audit Confirms California Parks Underreported Funding For 19 Years

A new audit confirms that staff at the California Department of Parks and Recreation intentionally under-reported the amount of money in its accounts for at least 19 years.

12/21/2012

more

previous