Friday, July 16, 2010

Friday Must Read

By Robert Gammon
Fri, Jul 16, 2010 at 7:08 AM

Stories you shouldn’t miss:

1. Oracle CEO Larry Ellison says he submitted the highest bid for the Golden State Warriors, but team owner Chris Cohan decided to sell the team for $450 million to a group headed by Joseph Lacob, a Silicon Valley venture capitalist and minority owner of the Boston Celtics, Bay Area News Group reports. Sports consultant Sal Galatioto, whom Cohan hired to sell the team, told KNBR radio that Ellison's final bid came too late. Ellison, one of the richest people in the world and a Warrior’s superfan, appeared to be the favored choice among the team’s fan base.

2. A top Apple engineer expressed concerns that the iPhone 4’s antenna would drop calls, but was overruled prior to the rollout of the new smartphone by executives who liked the sleek design, Bloomberg News reports. Apple has called an unusual press conference this morning apparently to address the growing criticism of the new phone, the Mercury News reports.

3. Meg Whitman may have alienated her conservative voter base by claiming this week in a Spanish-language paper that her views on immigration are similar to those of Jerry Brown, the Chron reports. Whitman also opposes Arizona’s new immigration law, which is wildly popular among Republicans. A new Field Poll shows the law has a slight advantage among state voters.

4. San Jose cops agreed this week to 10 percent compensation cuts, including paying more to their own pensions, in order to save seventy police officers from being laid off, the Chron reports. The settlement agreement was similar to the one turned down earlier this week by the Oakland police union — and it did not include a demand of no layoffs for three years.

5. Oakland police released photos of looters and vandals from the Johannes Mehserle verdict protests and are asking for the public’s help in identifying and arresting them, the Trib reports. Police also said that 24 Oakland businesses have reported damage from the rioting totaling $700,000.

6. SunCal, the private developer of Alameda Point, is threatening to sue the City of Alameda in the wake of revelations that Councilwoman Lena Tam allegedly disclosed confidential city information to the company, the Alameda Journal reports. SunCal officials claim the allegations against Tam, a SunCal supporter, were designed to scuttle the company’s proposal for Alameda Point.

7. And did BP finally cap the leaking oil well in the Gulf of Mexico? The AP reports that although it’s still too early to tell, oil has finally stopped spilling into the gulf — nearly three months after the Deepwater Horizon disaster began. Up to 184 million gallons of oil has leaked so far.

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