patti lee tell us what chevron is contesting while chevron is posting a -- >> it's the 1 percenters against rest of us the 99 percenters. >> reporter: emergency corporations said the company made almost $8 billion this quarter. it has the money to pay. >> cities like richmond are struggling and they continue to make millions of the dollars in profit. >> reporter: richmond's mayor warns of lay offs if chevron wins its case. but chevron says what's good for the company is good for the community and it's not smart to hurt the viability of the city's largest employer. >> it's what you're making as a corporate profit and what the liability of a company is are different issues. >> reporter: they question how the company came to value it. chevron has questioned the county before and was awarded an $18 million refund for the years 2004 through 2006. but that process took more than two years. in richmond, patti lee. >>> the fremont company received more than $500 million but shut down at the end of august. today's announcement comes amidst to suspect records. internal white house e-mails have shown

this goes back a long way to leases with chevron. if there are no questions, comments -- >> quick comment i see no reason not to move forward with the item. i appreciate to meet with staff and discuss ways to move forward and hopefully get a little bit of advice from the city attorney's office and discuss how moving forward, these leases will address in particular maintenance agreements, especially outside of the city limits. i appreciate your time and time staff has given me so that we can kind of move forward. i look forward to having those meetings. >> thank you. "may i have a motion? >> so moved. all in favor? all opposed? the motion passes. the next item is a closed session. he would call for any public comments in a closed session? >> any public comment for the items we are hearing in closed session? >> if you would entertain a motion to invoke the attorney- client privilege and allow me to read the item and move the motion. >> so moved. all those in favor of? the motion carries. i will -- >> i will read the item. >> threat to

patti lee tell us what chevron is contesting while chevron is posting a -- >> it's the 1 percenters againstt of us the 99 percenters. >> reporter: emergency corporations said the company made almost $8 billion this quarter. it has the money to pay. >> cities like richmond are struggling and they continue to make millions of the dollars in profit. >> reporter: richmond's mayor warns of lay offs if chevron wins its case. but chevron says what's good for the company is good for the community and it's not smart to hurt the viability of the city's largest employer. >> it's what you're making as a corporate profit and what the liability of a company is are different issues. >> reporter: they question how the company came to value it. chevron has questioned the county before and was awarded an $18 million refund for the years 2004 through 2006. but that process took more than two years. in richmond, patti lee. >>> the fremont company received more than $500 million but shut down at the end of august. today's announcement comes amidst to suspect records. internal white house e-mails have shown conc

chevron with techron. care for your car. ow.ght o >>> you're watching cbs 5 eyewitness news in high definition. >> i never really thought he would do what he did. >> caught on camera minutes after a deadly workplace rampage. what the suspect showed his family days before the shooting that proved to be an omen. >>> simple tributes to a complex man. the legacy still being revealed about steve jobs, including a secret apple university. >>> an ult may ult ultimatim. why they lined up by the hundreds in the pouring rain. far 22 hours, he avoided capture in a south bay neighborhood. the man wanted for killing three coworkers at a cupertino query. it all ended this morning. a man living on that street saw omen crouched in front of a car parked in a driveway. the neighbor waved down a patrol car. they ordered him to give up. he made no attempt to surrender, uttered some kind of comment and pointed the gun at them. that's when they opened fire, killing him. people in the neighborhood are glass it's finally over. >> still feel kind of sad

chevron stock continues its recent climb up a fraction to just below $1.10 per share. that puts the stock just below its 52-week high hit just yesterday. hewlett packard got a new bounce after yesterday's late news we reported. the company has decided against spinning off its personal computer business, saying it would not enhance value. the idea to sell its p.c. business came in august when shares were over $30. tonight, they're just below $28. drug giant merck saw a better than expected third quarter. earnings per share were three cents better than estimates. sales of diabetes drugs and its cervical cancer vaccine helped push up the bottom line. the company also pushed up the bottom end of its outlook, helping shares push higher by more than 2%. merck stock is over $35 per share tonight for the first time since july. other stocks moving on earnings news included real estate service firm c.b.r.e. up 11%. revenues rose across the globe for the company. semiconductor maker advanced micro devices rallied 7% as it boosted its outlook. but travel website's expedia outlook

schiff asked for that chevron then delivered.hmond based company wants to donate more supplies to teachers inial immediate ball and contra costa counties through the fuel your school promotion. >> everyone can participate by going to a local chevron and texico station and for every 8 gallons or more they fill up at participating stations, they will donate a dollar to local schools. >> chevron will donate up to $1 million. all teachers had to go on line to donerschoose.org. >> teachers submit proposals of what they need in classroom and the post goes live and people like you and me and chevron come onboard and support those projects. >> with the drastic state budget cuts, many teachers are in need of basic supplies and additional materials. >> pencils, papers, erasers, those kind of things. while we are still able to provide them, they aren't able to provide them at the same level they once were. >> this month if doners choose, chevron will mostly fund projects having to do with science, engineering, technology and math. every sch

chevron with techron. care for your car. ow. chevron with techron. care for your car.nk of america, we're lending and investing in the people and communities who call the bay area home. from funding that helped a local entrepreneur start a business... to providing grants to a nonprofit which offers job training and placement... and supporting an organization working to help the environment. because the more we do in the bay area, the more we help make opportunity possible. >> it actually turned out to be a nice day today. a live look at the golden gate bridge. and now, the moon is shining over the golden gate bridge. clouds will be increasing later tonight as that storm will get closer. look for north bay rainfall to begin to tomorrow. by 6:00 a.m. it will press south for the afternoon/evening. to the south bay, the east bay and that light rainfall will continue. until at least midnight with even pockets of heavy rainfall. for the most part this will be on the light side. futurecast by 6:00 a.m. of the rain in the north bay. what we are looking at is the green indicati

. >> chevron. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. o and with the ongoing support of these institutions and foundations.se and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: herman cain, the latest republican presidential candidate to lead in polls, spent the day rebutting sexual harassment charges. asked repeatly about the claims he dismissed them as baseless. the story first reported last night on news website politico.com alleged that when cain was head of the nationaleb restaurant association in the 1990s at least two female employees reported inappropriate behavior to senior members of theor organization. the politico story said, quote, the women complained of sexually suggestive behavior by him that made them angry and uncomfortable the sourcesgg said and they sign agreements with the restaurant group that a gave them fi

schiff asked for that chevron then delivered.ichmond based company wants to deliver more supplies to teachers in alameda and contra costa county through the fuel your school promotion. >> everyone can participate by going to a local chevron and texico station and for every 8 gallons or more they fill up at participating stations, they will donate a dollar to local schools. >> they will donate up to $1 million. all teachers had to go on line to donerschoose.org. >> teachers submit proposals of what they need in classroom and the post goes live and people like you and me and chevron come onboard and support those projects. >> with the drastic state budget cuts, many teachers are in need of basic supplies and additional materials. >> pencils, papers, erasers, those kind of things. while we are still able to provide them, they aren't able to provide them at the same level they once were. >> this month if doners choose, chevron will fund projects having to do with science, engineering, technology and math. every school district in the

chevron makes $87 million a day. chevron stock is trading down 0.3%. >>mark: wall street is down 60 points. people are looking at the nuts and bolts of the european debt crisis deal. with the gains yesterday the dow is back up over 12,000 for the first time in months. the s&p is now on track for its best month since 1974. there is still today's left of the trading session. >>darya: we are back with more in a couple of minutes. here is a live look outside the san mateo bridge. traffic is light right now and visibility is great. we will be right back. sforza and >>darya: knew this morning the defense is set to present an alternate theory as to how michael jackson died. there are going to have an expert on the drug propofol testify that michael jackson somehow gave himself a fatal dose of the drug. mary is on trial for involuntary manslaughter. >>mark: a person accused of choking a woman unconscious is still on the loose. we have a sketch of the suspect to show you. the suspect as the woman on help, as they approached a parking garage, the suspect took to

is now lobbying not to let the government tax them more and to my question how many americans has chevron hired since the tax breaks were introduced in two thousand and four the c.e.o. of the company said there were up slightly a few thousand business over the years but not significantly not significantly on our chevron payroll a few thousand jobs for the billions of dollars in tax stimulus that the government gave them economists say marriage is largest corporations are sitting on more than three trillion dollars in new. at investing in the economy unemployment in the u.s. remains over nine percent where we live in a nation where corporations could profit off a child dying at the same time with their parents into bankruptcy you can they're trying to paper this kid's medical bills. what does that say about our country the wall street answer to people's rage and if you kill me will be nobody held three jobs but as one of the protesters tried to put a word objection when all it all done all done is got your shot i'm going to give these people hold on i'm not talking to you looking like you

is now lobbying not to let the government tax them more and to my question how many americans has chevron hired since the tax breaks were introduced in two thousand and four as c.e.o. of the company said they were slightly a few thousand strong business over the years but not significantly not significant on our chevron payroll a few thousand jobs for the billions of dollars in tax stimulus that the government gave them economies same erika's largest corporations are sitting on more than three trillion dollars and not investing in the economy unemployment in the us remains over nine percent and enough money to support my wife is always going to have a problem but. my great grandparents. their grandparents. at the wall street answer to people's rage i think you'll still be nobody held a job but as one of the protesters try to put a word of objection we call it all done all done it's not your show monkey. i'm talking to these people hold on i'm not talking. about talk personal success and money have always being part of the american dream. the aspiration to become rich is deeply ingrained i