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San Jose



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San Jose restaurant A.P. Stump's closing

A.P. Stump’s Chop House, a downtown San Jose favorite for the past 11 years, will close its doors next week, a move one owner described as “bittersweet but necessary” given the economy. The owners, who had been quietly trying to sell the restaurant, will continue looking for a buyer.

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Report: Oracle could cut 1,000 jobs in Europe

Oracle Corp. may cut as many as 1,000 jobs in Europe, according to a report Thursday. (ORCL)

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BofA to pay $713M in dividends to feds

The board of Bank of America Corp. has authorized the payment of $713 million in dividends to the U.S. government under the Troubled Asset Relief Program. (BAC)

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Arca Biopharma CEO resigns

Arca Biopharma, which last month saw its heart failure drug Gencaro rejected by the Food and Drug Administration, said CEO Richard Brewer will resign effective July 10. (ABIO)

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Dish gets stay, TiVo shares fall

TiVo Inc. shares fell more than 15 percent late Thursday after a ruling that customers of Dish Network Corp. can still use their digital video recorders, at least temporarily. (DISH) (SATS)

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Johnson & Johnson pays $1B for Elan stake, Alzheimer’s drugs

Johnson & Johnson has bought an 18.4 percent stake in Irish drugmaker Elan for $1 billion in a deal that also gives J&J rights to four Alzheimer’s disease treatments still in clinical trials. (ELN) (JNJ)

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Heffernan hires 17 to form professional practices unit

Heffernan Insurance Brokers has hired 17 employees to form a division specializing in professional liability for architects, engineers and lawyers. Sixteen of the new staffers came from Willis/HRH offices in Redwood City and Irvine, according to the Walnut Creek-based insurance brokerage, while John Feeney came from Costello & Sons in San Rafael.

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California deficit growing fast and deep

California's deficit could balloon by millions for every day that its budget remains in limbo, according to a report Thursday.

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Stem cell organizations form D.C. lobby

Thirteen universities, life sciences companies, health care investors and patient advocates have formed a Washington, D.C., group to support stem cell research.

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U.S unemployment hits 9.5 percent

Employers cut 467,000 jobs in the U.S. in June, pushing unemployment to to 9.5 percent from 9.4 percent in May, the highest since August 1983.

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Four TV stations seek OK for new Bay Area antennas

Television stations KTVU, KPIX, KBCW and KTFK have asked the FCC for permission to build new digital antennas to extend their signals.

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The Big Fix: California's budget crisis

Sponsored byInsuranceThursday, July 2, 2009, 6:34am PDT | Modified: Thursday, July 2, 2009, 6:35am The Big Fix: California's budget crisisInsurance News[Milwaukee][San Francisco][South Florida][Charlotte][Philadelphia] - IntuitSuccessful profiles, funding news and advice related to small businessResearch companies and get powerful sales tools to help you succeedStay up to date on the latest news from...

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Hitachi buys facility in Malaysia

Hitachi Global Storage Technologies said Thursday it completed its acquisition of a substrate manufacturing facility located in Sarawak, Malaysia. (HIT)

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Bling Nation raises $8M in first round

Mobile payments provider Bling Nation Ltd. said Thursday it raised $8 million in a first round of funding.

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Xilinx lowers quarterly guidance

Xilinx Inc. said Thursday that supply problems cut its revenue for the quarter ended June 30, forcing it to increase its expected sales drop to 5 percent compared to the previous quarter. (XLNX)

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Enter Music Publishing Paradiddles to NAMM With Special “Bonham to Bonham Interview”

Enter Music Publishing Paradiddles to NAMM With Special “Bonham to Bonham Interview” - drummer40

FOR IMMEDIATE, RHYTHMIC RELEASE -- BREAKING MUSIC NEWS Enter Music Publishing Paradiddles to NAMM With Special “Bonham to Bonham Interview” That Cues Up The Past And Covers Drum History As It Was Made San Jose, California—Enter Music Publishing, publishers of diverse, hip drum/percussion magazines, such as DRUM! DRUM! Interactive, TRAPS and HOW TO PLAY DRUMS, has made available its February 2008 DRUM!...