NewsBusiness
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Coming Back to San Jose
Business Nov 22, 2010, by Silicon Valley NewsroomET Water Systems Inc., which manufactures smart irrigation controllers and other water management tools, recently announced that it is moving its entire production and assembly line to San Jose in order to ensure quality control, expedite the development of new products, and avoid tariffs and duties.
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NASA Chips in to Restore Hangar One
BusinessNews Nov 22, 2010, by Danny Wool
NASA says that it is willing chip in $20 million to reskin Hangar One if Congress gives another $10 million. The U.S. Navy has been planning to remove the structure’s toxic laminate siding, but this would leave just a skeleton on the site of the iconic building. If the funding goes through the site will be used as it was originally intended, as a hangar for airships.
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Two SV Companies under Investigation for Insider Trading
Business Nov 22, 2010, by Silicon Valley NewsroomA three-year criminal and civil investigation by federal authorities has reportedly discovered a large number of insider trading rings, which took in millions of dollars in profits. Two of the companies reportedly under investigation are Advanced Micro Devices of Sunnyvale and Primary Global Research of Mountain View.
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SunPower Moves to San Jose
Business Nov 17, 2010, by Danny WoolSunPower Corp. has decided to relocate their headquarters next spring to a three-building campus in San Jose. CEO Thomas Werner attributed the decision to stay in the city to a $2.5 million, five-year incentive package, still pending approval by City Council. By the time it is approved, the new campus will be upgraded with the goal of reach LEED gold certification.
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Sobrato Building Finally Finds Anchor Tenant
BusinessLocal Nov 15, 2010, by Danny Wool
Lawyers representing PricewaterhouseCoopers announced that their client will be leasing office space in the vacant tower at 488 Almaden Blvd. The building has been an empty hulk ever since it was completed back in 2002. The move is likely to take place in the first quarter of 2011.
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Facebook to Make Big Announcement Today
BusinessNews Nov 15, 2010, by Danny WoolFacebook is scheduled to make a big announcement today, and the buzz is that the social networking site is announcing the launch of its own email service. That’s buzz kill for its archrival Google, which operates the popular Gmail service. According to some observers, a new Facebook-based email could become the new hub of all online communications.
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Saudi Arabia Lifts the Veil on Facebook
BusinessNews Nov 15, 2010, by Danny WoolSaudi Arabia suddenly banned Facebook this weekend for “crossing a line” that offended sensitivities. The ban was lifted a few hours later, with no further explanation of what the moral crisis was. With no indication of what sparked the current ban, it is unknown whether the Palo Alto-based company reached an agreement with the Saudis to eliminate some offensive content or other.
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Bad News for Yahoo Employees?
Business Nov 12, 2010, by Danny WoolReports filtering out of Yahoo suggest that managers have been asked to target 20 percent of their staffs for layoffs. In other words, about 2,500 people could soon find themselves without a job. Some of the jobs may be outsourced to Bangalore, in an effort to cut down costs.
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Google Leaker Fired
Business Nov 11, 2010, by Danny WoolThe engineer who first leaked the confidential memo about Google’s raise for all employees has been fired. While Google refuses to comment on the issue, observers wonder how the company hoped to keep an across the board raise for 23,000 people a secret for long. Some are suggesting that the raise was an attempt to curb a brain drain to rival companies such as Facebook.
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It’s Good to Work for Google
Business Nov 10, 2010, by Danny WoolIn an email to Google’s employees, Eric Schmidt announced that the company has decided to give all of its employees a 10 percent raise and a $1,000 bonus, effective January 1. Schmidt explained the decision as a reward to “the best employees in the world.” Outsiders wonder whether it is an attempt to counter a growing brain drain at the company.
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