(music) >>catherine: cisco was going to be cutting 65406500 employees what is the city's planning to do to get a pink slip. >> of the 6500 employes kidding let go 2100 can choose to take part in an early retirement program. the company says that 15% are at or above the level of vice president. the network equipment maker needs to reduce its operating costs by $1 billion worldwide to reap profits. san jose's economic develop the say that the city's economy will not be impacted by these layoffs. officials are still concerned and will help those who lose their job. >> it is always a concern and of something that we watch we have offeservice for unemployment benefits and job placement for employees for other locations we are very engaged with cisco and other companies with on a day-to-day basis. >> i believe that the types of jobs that they will be eliminating many other employees could be available for other employers. >> cisco is telling us not to speak to the media. reggie kumar, kron 4 news. >>catherine: and a billionaire investor to purchase the company $10.2 billion in cash but the

cisco system is expected to can cut 5000 jobs. what is unclear at this point is how many of those positions would be lost in the bay area. corina tonight with business bomb shell. >> san jose largest employer with local work force of more than 15,000 people at cisco. the pending layoffs will be among the most significant cut back in company history. kim san jose director of economic development. >> silicon valley economy is very large so the specific impact even as a company like cisco on big economy is not of major concern. the concern is to redeploy the talent as quickly as possible. >> market research firm glacier and company made headlines today with with this report. it predicts cisco global work force of more than 73,000 will be cut by 5000. 1,000 positions early retirement packages and another 4000 through layoffs. saving the company a total of 1 billion dollars a year. glacier analyst brian marshall says while it's a difficult decision to make in our view it is required in order to maintain the competitiveness of cisco goi

. >> i am a third generation small business in sandford cisco. and i own an agency that -- in san francisco. give my own an agency that takes care of seniors. youi used that age are a -- usee hra. the average age of my workers is 50 years old. the person is going to cost me $600 a month in insurance. gooi am considered a large business, so the difference is huge. i did not have an extra $30,000 -- $34,000 a month. you want me to come up with $34,000 a month to take care of seniors so they can stay in their home. i do not even make $2 million in billings. my expense is labor. i take a short as mark crup. we let our people use hra for anything they want. they have got a debit card. the insurance company sends them on a quarterly basis how much they have in their accounts. some of those people only work five hours a week in san francisco but they put me over the threshold. i am considered a large business. i do not have the dollars to put up francois -- up front. >> thank you. >> we have been doing business for 25 years where a small company with sl

most workers didn't want to talk but the few who would say cisco is a great place to be. >> cisco is a great place to work for. i completely trust upper management in making good decisions. hopefully everything will work out. >> cisco has not revealed how many people in the bay area will be laid off. >>> san rafael city council led a decision on having a minor league team going into extra innings. a minor league team wants to establish a proteam to play at albert park. it calls for a makeover including a new snack bar, restrooms and twice as many seats at the aging park. local businesses say it would help boost the economy. other backers say a minor league team would become part of the small town atmosphere but opponents are worried about traffic congestion, the sale of alcohol at the ballpark and losing access to the field. >> amounts to a privatization of this field. >> we had here ten years ago very similar had 40 games had alcohol served and there was never a problem. >> council heard from more than 40 speakers. members say they're inclined to approve the plan but want to look fo

sources are saying that cisco plans to cut as many as 10,000 jobs, cisco's main business is slow in recentome fronts, particularly consumer business and telepresence. dun kin doughnuts penetrating new business, a lot of people drinking dunkin. >> we don't have it in hong kong but they have is in asia and south korea. they're looking at northeast asia as well as the middle east. >> kristi lu stout great to see you. >>> former california governor arnold schwarzenegger is ready to return to the big screen according to several media reports out this morning. he'll star in "the last stand," a western by south korean director kim ji wun. his first significant role since "terminator 3: rise of the machine" in 2003. >>> and in this morning's

so these layoffs at cisco would seem to be somewhat isolated. the company has had a rough year with profits down, stock price beaten way down. i did talk to one cisco contractor this morning who said that the mood at the company is surprisingly upbeat. lots of employees are excited about the future of cisco and what he said was refocusing on the core business which in the past was on networking equipment not so much on consumer products that have recently been shut down at cisco. that's the latest. back to you. >> thank you. >>> 6:40. as the new school year approaches, amazon is stepping in. the money-saving rental service it's now offering students. >>> plus, tiny dogs but a very big hero. one chihauhau's brave actions that prove size doesn't always matter. numbers: (adlib conditions) coming up, we'll get the marked opened 10 minutes ago. -- the market opened 10 minutes ago. the dow way down. what's driving the market down? we'll ask kcbs moneywatch reporter jason brooks. navigating today's real estate market is complicated. you've seen the sig

brentwood at 66, oakland 59, san for cisco upper 50s. view shows that we have some unusual weather taking place. there's a storm system to the north of the bay area tonight that is producing rain just off shore and this weather system may actually produce a little bit of shower activity to the north of santa rosa for tomorrow. otherwise, look for some cloud coverage in the north bay and the continuation of these mild temperatures that we have seen, another day with readings that will be much cooler than average. we will warm up later in the week. in the fog is beginning to spread inland once again. we will see briefly in concord in livermore but we should see it pretty quickly and by 10:00 to 11, is back to the ocean by the afternoon it should clear up notice some high clouds beginning to increase by the mid afternoon hours, this is 3:00 p.m.. the high clouds from the weather system that i'm showing with a chance of a few showers northern sonoma county. the averages in the '70s for today, but look for 81 degrees in fairfield and that is

jose >> out of the 6500 cisco employees let go 2100 can take part in an early retirement program. the network equipment making company in need to lay people off in order to increase profits. the city's economy will not be affected by this layoff. >> it is always a concern and we always watch we have an excellent work to future program. finding joy for employees ari. with the people they are cutting francisco they will be great for other medias. >> one person is dead and a community is up said with an officer involved shooting. he ran from officers when the officers approached him for a muni transfer past carried. >> sounds francisco police checked the facts prove the officers had no other choice but to shoot a man was shot when he was confronted by officers. at a news conference monday he laid it all out how cameras in the area recorded their >> he turned and started firing on the officers the officers returned fire. independent witnesses and once again i applaud the witnesses that came forward confirmed the suspected fire on the officers burst. >> the audio is surveillance camera

-jazz is set for cisco was the green is, how dirty were the other cities?y to catch your favorite movies for the fraction of the calls. -- cost. [ kate ] if this icelandic mud could work wonders on my skin, imagine what it could do for my business. now, i just had to figure out a way to get it back to the states. so i called john, my citibank small business expert. [ john ] kate, how are you? [ kate ] he got me a line of credit and together we made it happen. now, my spa has more business than ever. ...and so does our cleaning crew. [ male announcer ] at citibank, we believe small business is a big deal. what's your story? citibank can help you write it. we believe small business is a big deal. the >> a new services launching in the bay area before it hits the rest of the country is really interesting is called movie pass. it worked rear smart phone he is like net flicks for movie theaters. it sells plans to moviegoers, you pay them per month and then you are allowed to go to the movie theater a set amount of times. you end up saving money especially if you

while cisco struggles, another tech giant thrives. ibm announcing stronger than expected earnings tonight. that along with a good future outlook sending sharesnd to an all-time high. we'll see if ibm turns the markets around tomorrow morning because today was another rough one. stocks slumping on concerns about america's debt situation. money now flowing out of equities and into gold which closed the day above $1,600 an ounce. >>> tonight we begin a week-long series of stories from the east bay. it's an area that is known more for bad news but we found lots of businesses big and small making good news as in job creation, innovation and a better reputation. we begin in my own hometown of oakland with a tech company giving you entertainment on the go. ♪ >> it's not the first place you think of when you think high tech but just up the road from silicon valley, oakland is attracting new companies with innovation and jobs. >> you go in here and pick season two. >> among them a startup blending a piece of hardware that looks like a coaster

and a major development tonight in silicon valley cisco systems expected to put can you tell as many as 5,000 jobs. what is unclear is how many would be lost in the bay area. >> reporter: cisco is the san jose's largest employer with a work force of 15,000 people. the pending layoffs among the significant cut backs in company histry. kim wallace is the san jose director of economic development. >> the shil hi convalley economy is very large. specific impact is not of major concern. the concern is to redeploy the talent as quickly as possible. >> the market research firm made headline was this report, predicting the global work force of 73,000 will be cut by 5,000. one thousand positions to early retirement packages and another 4,000 through layoffs. saving the company a total of $1 billion a year. and glacier analyst says while this is a difficult decision to make in, our view, it's required in order to maintain the competitiveness of cisco going forward. and this ce so. taking steps to restructure the networking giant. the flip operations are gone. consumer business is reassigned an

a complete check and a bridge check coming >> cisco is cutting 15 percent of employees at or above level of bis president as well as layoffs in the lower ranks. they say they need to reduce operating costs by at least $1 billion worldwide in order to raise profits. more on that story coming up. >> more bad news for borders books, the number to book store chain in the country is closing its doors for good. 399 stores will close nationwide, almost 11,000 people will lose their jobs. the liquidation process is expected to begin as soon as friday. of this is happening after they could not find a buyer in filed for bankruptcy in february. there are three quarters stores open and operating in the bay area. as the time is 7 03 a m, family and friends of seven bay area fishermen who are missing ever since their boat capsized in the sea of cortez are not losing hope. they are trying to raise money to send a private dive teams to search the underwater wreckage. take a look at the 70 area fishermen who are missing. they went missing earlier this the mexican navy and u.s. coast guard have been surgi

firing crisis despite what we've seen in the last few months with the news of the mass layoffs at cisco and borders with it being in stores where we really have is a hiring crisis firings have gone down pretty significantly sense the nadir of the recession what we're seeing right now is the companies are all staying put there's a big chill and the companies that you expect to hire these multinational companies that are that are sort of seeing record profits over the last two years they're not putting their money back into hiring american workers and putting money either into investments into cash savings or they're hiring people overseas one at the same time you have corporate profits locking in the well but that has been generated in this recession i think they got eighty eight percent of the income growth of praying to a study from northeastern university from may two thousand and nine to the end of two thousand and ten so despite you not thinking that this is a firing crisis why are corporations if they're getting all these profits if they're boarding cash laying people off who corpo

. >> cisco is rerouk on what it does best high speed equipment. >> and fans don't have to pack concert first of three segments to link the range to the san francisco bay. a 12 lane highway built in 1950 on the western side of the lake is the first to go. >> we are taking out the restricted culvert and place witnessed a clear standing bridge. >> replacing it would be a new six line boulevard with taller bridges that will allow cars bikes and people to cross. some wetlands will be restored and with the changing tides more than double the tidal flow that goes in and out. it's being funded by the state coastal conservancy and local taxpayers and federal government. another $12 million will be spent to clear culverts at seventh sfleet. work on that project could started by the end of the year. >> at its worse, i think -- >> sam is with the california state coastal group. >> you don't have to change it much to make a big difference. >> the low-tech struggle to survive for decades. a lack of oxygen made it difficult for life to flourish. barry candidates with put in to aerate the water. >> th

yet you have cisco laying off.hat you're seeing here is sort after repositionings in the value as we move toward quality. google last week turninging in spectacular numbers. that company continues to hire. you mentioned apple. we have no reason not to expect them to be absolutely spe spectacul spectacular. as you know, opal is growing quickly. it wants to build a new headquarters. they have jobs available. now apple and yahoo! in the same sentence only happens about once every three months when they report their quarterlies. it's a best of times, not so great of times. yahoo! continues to struggle. marla, it too is hiring. it posted 60 jobs to its sunnyvale location just in the last couple of days. as pob points out these tend to be very high end jobs. masters, engineering, that kind of thing. >> select slice of the population. okay. thank you, scott. 5:34. san francisco is taking a high tech approach for cleaner water. for the first time the city is using ultra violet waves to treat water before it reaches your fa

it was only 60 in seven cisco, 79 degrees in gilroy. tonight, a look at san francisco where we do have a layer of fog. there is a good 60 miles inland. this will be very slow for your tuesday along the coast and only allow partial clearing. temperatures are averaging below normal. brace yourself for a drizzly start. it is almost raining along the coast because of the dirt -- the marine layer. we will have a little bit of clearing along the beaches. otherwise, count on the cloud cover. now, we do not have that enhance -- it is because of this area of low pressure. that is causing the thickness and depth of that. it is causing this drop to a the cooler air mass to run onshore, only 57 degrees -- 75 degrees in sonoma what we should be at least by 88 degrees, a southwest wind rotating, 67 degrees in alameda to 78 degrees that could be optimistic in brownwood but is well inland. in pittsburgh, upper 50s in the 60s coming across the beaches with the drizzle and 72 degrees in san jose where the average high is near 86 degrees. the coolest day

see how at cisco.com cisco.

though cisco is head quartered in san jose they have all over the world. so that's the latest here in san jose. i'm bob redell, today in the bay. >> thank you, bob. a san francisco telling us how drastic court cuts will be. the state cut $350 million from courts and the system has tapped out its emergency fund. as a result more than 40% of the staff at san francisco's superior court will lose their jobs in september. 25 of the 63 county court rooms will close. it will take hours just to pay a simple traffic ticket and is possible only criminal cases will go to trial. >> good morning, it's now 6:10. we'll check win christina loren with a look at your pleasant forecast. >> good morning. yes, it is so pleasant. we're talking about how our weather has been the envy of the nation. over the past few weeks, well, that's going to continue. tomorrow as we warm up about 10 degrees it's not going to be oppressively hot. only about 95 in the hottest spots across the bay. we have a foggy start. take it easy. we have reduced visibilities. also starting to notice a drop-

i always loved sanford cisco in college, and i just wanted to try it out. i started working in economic development policy. i was a community organizer for six years. i worked with young people, parents, and families around issues that concern our neighborhoods, whether it was improving muni lines, affordable housing, public schools, or just planning issues in neighborhoods. we just had a hearing last week, and we are trying to do some work around bedbug enforcement, which is a major issue in the tenderloin and of hill and 63. a hearing will actually be on thursday, april 7, 10:30. we're doing our first hearing on pedestrian safety. i think public safety is a huge concern. it ranges from both low-level crimes to pedestrian safety, and so that is a really important issue to me. we are probably more than double what every other district has. and that are preventable. and we can do better. district 6 is one -- home to one of the most diverse constituencies. we have the poorest residents in san francisco. we have lgbt. we have immigrants, people of color, youth

back in may, cisco said it would eliminate thousands of jobs as part of a larger cost-cutting plan. a spokesperson for cisco says the company will provide more details about any possible layoffs when it announces its quarterly earnings on august 10. >>> thousands of parking meters throughout san francisco will soon offer adjusted rates. 7,000 of the city's meters will be part of the s.f. park pilot program set to begin later this month. this is what it will mean -- 2/3 of the meters will be adjusted down to as low as $1.75 an hour in some places, if you consider that low. the remaining 1/3 of the rates will go to as much as $3.75 an hour. officials with the city's municipal transportation agency say the goal is to achieve the right level of parking availability. >>> a grieving community said good-bye today to the texas man that fell to his death during an as-rangers game. nearly 1,000 people attended a funeral for 39-year-old shannon stone. he was a firefighter who died last thursday when he tried catching a baseball tossed into the crowd by a rangers player. after the service, ston

fears about greece and heavy word and new word that cisco may be cutting thousands of jobs.ow is down 121 points. jane king will have more on that coming up in today's market report. >> why one of the biggest convenience store chains is offering everyone a free cringe and what you need to do to get in on the action. >> and trash troubles could be x [ man ] did we get anything good? sweetie i think you need a little extra fiber in your diet. fiber makes me sad. oh common. i dare you to taste one hint of ber in fiber one. oh, i'd be able to tell. why don't i just eat this bag? and how can you talk to me about fiber you enjoy that. i am. [ male announcer ] fiber beyond recognition. ber one. >>> here is a look at 7 hd. pretty quiet. it will be across the entire state. a lot of clouds along the coast. big sur eventually sunshine, same thing in l.a. 77. san diego will take longer and 59. cooling we're feeling will head into the central valley with sunshine in sacramento and 97 in fresno. palm springs, 108. tahoe, 75 and yosemite 86. >>> thank you so much mike. >>> japanese governm

i want to make sure that sanford cisco has a working-class population. i want to make sure that we do not take for granted because we are seen as more cosmopolitan, that that excuses' us from not tackling issues of poverty, which there are still substantial pockets of it in san francisco, despite what others may argue. that, to me, oddly it's our requirements, to make sure our city, in its reputation of being forward thinking and progressive, learns to make sure that that translates into economic, so that this is not just a city for those who can afford it. we want to get down to brass tacks issues about not just public safety but the root causes that we want to address of job training, job placement, giving our youth something to aspire to, giving young adults something that they can turn to, giving people who feel that they need that extra level of support from city hall, from local government, the ability to be able to reach out -- that is also what tonight is part of. he is the real supervisor, my son. he just turned two last week. i know i was going

. >> susie: big layoffs announced late today at cisco systems. it will layoff 6,500 workers, or about 9% of its full time workforce. analysts predicted thousands of job cuts after cisco announced plans to reorganize in may. the company had been losing ground in the network equipment business. cisco says the move will cut annual expenses by about $1 billion. >> tom: big blue saw a lot of green in the second quarter. the technology company continued its recent trend of reporting better-than-expected profits. earnings were six cents better than estimates. software, services and hardware revenue each grew by double digits, leading i.b.m. to raise its earnings guidance for the year. tom smith covers i.b.m. as an analyst at standard & poor's. tom, strong quarter, any concern for ibm in. >> i think was a pretty bright-quarter all around and despite some weakness in japan as a regional territory, japan was weak in the aftermath of the earthquake. >> now we saw some of the double-digit revenue increases across-the-board, the backlog of service contracts i

one of the winners, one of the us losers cisco.se are going to be pushed into the retirement, 5000 jobs and juarez mexico getting shipped out. it is a bad day for cisco. it was one of those downsizing that nobody wants to talk about. >>catherine: and a trio of of the losers. >> yes. i am a stock person that bank of america, goldman sacks. these are practically bleeding. i do not have a good football analogy but if you are just 100 yds away your almost a winner. these financial stocks are two year low there is something wrong. bankamerica has gone from $14 to the amount of $9.50. and with no blood, we die as a there something wrong with these guys i cannot quite put my finger on it but it has been contained dress. >>catherine: it is kind of chilling. cantankerous-- >>catherine: and charlie sheen. he looks to make 40 million-100 million a signing a new television series with lions gate kind of based on his movie. a character that mistreats women. and with 10 episodes could be 90 episodes. if that is how he is going to make so much mo

and stock market reaction to cisco's possible 10,000 job cuts.ng will have more on the market report. >> live look, dow is down around 12,500. >> and how amazon is hoping to repeal a law that they claim is hurting california businesses. >> was supposed to be about a hit but it was a catch that has everybody buzzing and one fan counting his lucky stars. navigating today's real estate market is complicated. you've seen the signs. that's why having the right real estate agent is more important than ever. at remax.com, you can find experts in short sales or bank-owned properties or commercial real estate, agents who can help speed up the process, no matter how intricate. and that's good news, whether you're trying to sell or hoping to buy. because the only sign you really want to see is "sold." nobody sells more real estate than re/max. visit remax.com today. mmm. oh gosh. oh dear. big deal. you're delicious. so what. i've got news for you. there's no such thing... ...as a bear sheriff. you think i'm afraid of you? hey what? you don't have to be mean

it's something we are very engaged with and partner with cisco with. i believe depending on the job types they eliminate there will be ready employees for other employers. >> reporter: cisco employees say they were told not to speak to the media. reggie kumar, kron 4 news. >>> a developing story tonight in palo alto. the city counsel is considering asking voters to consider the fate of binding arbitration. they are negotiating with the firefighter's union. kron 4's rob fladeboe has more. >> they are still in there and right now, late tonight or tomorrow morning the city counsel is expected to vote on one of two options that could ask the citizens of palo alto to weigh in on this. binding arbitration has been on the books since 1978. part of the city charter. the only way to change it is to go to the public for a vote. let's go to video. this is all about an ongoing impasse with the firefighter's union. minimum staffing, 29 firefighters in palo alto must be on duty. the city says that's too much. paying too much in overtime. the firefighters are saying

we heard talks of cuts at cisco before. >> we expect more. we speculated in the past that cisco will decide it's hired too many. it expanded into too many categories and said cutbacks are a must. bloomberg is putting a number on it. as many as 10,000 jobs or 14% of works for. but august 11 on the calendar when cisco till lower the boom. things are going well in silicon valley. but there are some companies that suffer. they are not in the valley but microsoft i think in that category. still making money but not living up to what the shareholders want them to. >> the nugget in this is it's dropping palm from its vocabulary. you were using the word palm technology in marketing this though the rest of us thought palm screamed 20th century. >> it's a web -- >> there was a time everybody wanted to have a palm. >> yes. that was right, more than 20 it. that was early 21st. still very young. >> it is 6:26. bart's committee will talk about a deadly shooting. an subsuv slams into a station in san may. >> a live look outside, hack at the fog over the cit

. >> big news out of silicon valley cisco confirmed it's going to layoff employees next month. and there is one predicting up to 7% of the new work force. the company recorded about $8 billion in profits last year but has had a series of disappointing earnings reports n a statement, cisco announced it will cut a billion dollars in costs. and the next abc 7 job journal hire event is tomorrow from noon until 4:00 at hotel whitcomb. and wallgreens and u.s. mint are among the businesses hiring. >> there is no progress to report tonight in raising america's debt limit. president obama met and the president said he would not agree to a short-term extension to get a deal done. >> this is not going to get easier. it's going to get harder. so... we may as well pull off the band aid. eat our peas. now is the time to do it. if not now, when? >> he says there won't be a deal if republicans won't compromise for ending tax breaks for wealthyest american autos american people will not accept in the house cannot pass, a bill that raises taxes on job creators. >> and they agreed failure to do s

that's included in cisco's layoff number.hey will find out who is getting laid off first week of august. >>> borders bookstore is history. they couldn't find a buyer to get it out of bankruptcy. the only bidders were two liquidation companies. liquidation of borders' remaining stores will begin monday. they are all likely to be gone by late september. borders went bankrupt in february and closed more than 200 stores back then. >>> 5:21. atlantis says farewell. the major milestone in the shuttle's journey to retirement. plus this. >> i was shocked because normally he is really laid back. >> this chihauhau was anything but chill. how this 10-pound pup faced off against two armed robbers. we'll have that story. ,, ,,,,,, [ man ] i got this new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card give

. >>> and technology giant cisco systems announced it's eliminating 6,500 jobs, part of an efficiency move. that's in cisco's effort to cut $1 billion in annual costs to the company. >>> this was the last day in afghanistan for america's best-known general, david petraeus, who transferred command of u.s. and nato led troops to his replacement, general john allen. a west point graduate with a princeton phd, easily the most celebrated modern day general officer is leaving to run the cia as the u.s. prepares for a gradual drawdown from afghanistan. >>> when we come back here tonight, new research on head injuries and dementia and alzheimer's and a group that the researchers are most concerned about tonight. >>>, and later, they may have come up short in the end, but the u.s. women's world cup team members are still american idols. >>> we're back, as promised, with news that may help solve a mystery. researchers set out to see what happened later in life to those americans who served in vietnam. what they found, presented today at the annual meeting of the alzheimer's association, is that

business and tech reporter scott budman with the latest reports on the layoffs at cisco.is a global company. how many jobs lost in the bay area you think? >> talking thousands, cisco was ultimate silicone valley growth company. lately stumbled. reports are circulating employees may soon pay the price. the latest rumors, cisco may let 5,000 go through layoffs and attrition, bet many here in the bay area. cisco share price has fallen. when asked, the company would make its plans clear august 11th. pessimism about the future hit the stock market for the second day in a row. concern about our nation's dealt and slow job growth leading to selling. oil dropping today $1 a barrel. better news for silicone valley startup. punched based in mountain view, bought by its much larger neighbor, google. punched runs customer loyalty programs through smart phones via their app. rare bit of good news from the housing market specifically for san francisco. clear capital, company tracking real estate values, says the city is expected to be one of only five cities in the nation to see a rise

a lot of overcast conditions this a lot of downtown center cisco. >> low clouds will once again thismorning in land that sunshine will he does up and bring the temperatures into the '90s we will have temperatures i will have more details on the forecast in just a minute >> no hot spots to report around the bay area if you are heading to the bay bridge all looks good i will have a complete bridge chapel in my next report >> police say this morning they have the weapon that killed a man in the bay view area. can the party was shot and later died and a police said it he is the one that fired the gun that shot himself the gun was located >> in bay view there are people the one i help the police and we followed those tips and fortunately we're able to get the weapon >> we have a reporter following that all the details happen anthony released the following >> police said this is canada partings gun and they have scientific data the bullet that killed harding came from this gun it is the latest in a series of new information in this case one that happened on july 16th the video showed hardi

the rumors are really churning when it comes to cisco.loomberg reports that cisco will cut up to 10,000 jobs next month topping a claim by an analyst who says cisco is poised to cut about 5,000 jobs which would be about 7% of the workforce and save the company about $1 billion a year. cisco has been under a lot of pressure to cut back on a number of lines, consumer products, killed the flip video camera line earlier in the spring. and it's also reorganizing a number of its divisions. new layoffs will be coming, don't know the number. the company probably won't say anything until its earnings come out in august. the company is holding an event in las vegas to show off the latest upgraded switcher, its main core technologies being switchers and routers. it has about 70% of the market but it's feeling the pressure from other companies including hewlett-packard. >>> stock market fell quite a bit yesterday mainly on debt worries. both the debt ceiling here in the u.s. as well as increasing worries that countries like spain and italy may also n

kcbs radio's matt bigler is in san jose with cisco systems' new project and the controversy.morning. >> reporter: good morning. china has plans to build this very ambitious -- one of the largest video surveillance projects ever put together over a city. we are talking about 500,000 cameras that would be set up at intersections, parks, neighborhoods, pretty much blanketing the city of chong king in surveillance cameras. the chinese government says they would be used for crime control, watch over illegal activities, any sort of illegal crime that might be going on. but, of course, human rights advocates warn these could be used to watch over and crush political dissent. according to the "wall street journal" both cisco and hp are both bidding to supply networking equipment for the surveillance project. larry magid points out this seems like a good deal from a purely business standpoint. >> means more money coming into the united states and silicon valley all very good but the cost, the cost is that whether they think they are or not, cisco is participating in repressive activit

. >> san jose's largest private employer slashing 6500 jobs. 15% of the cisco employees have titles of vice president or higher. more specifics about the layoffs will be released by the company on august 10 when cisco reports quarterly earnings. 2100 employees are leaving the company as part of voluntary retirement programs. the rest in the thousands will be laid off. >> let's check back at 4:37 with christina loren. good morning. >> good morning. if you enjoyed yesterday we have more of the same in store for you today. as we head through the next couple of days even oakland and san francisco will be touching on the 80s in the warmest spots. let's talk about what's happening. we've got low pressure to our north. this was driving in that on shore flow all last week that kept us below our seasonal averages. that was the case yesterday. we started to climb because finally this area of low pressure pushed inland. as we head throughout day it will continue to push inland, off to the east out of the area. allowing for high pressure to build back in so as we head through tomorrow and thursday

cisco stock dropped 24% in the past year. the cuts are expected to save $1 billion in the 2012 fiscal year. it will make its intentions public on august 11 when it reports its earnings. >> four square figures out a way to make money. target sets its sights on an e-reader. nicole lapin, good morning. >> hey, good morning. there's a lot of red ink across the board. futures are sharply lower, investors worry about the debt issues. whether greece's problems will spread to italy and as president obama and congress continue to spar over their budget deficit. asian markets fell, europe is in the red right now, we get some data on the trade deficit and in minutes from last month's fed meeting. the market action yesterday, it wasn't pretty. the dow falling 12,505 is where we closed, the nasdaq lost 57 to 2802. you're right, four square is getting into the daily deals business. the site is looking to boost revenues by marketing coupons. you can start receive the deals today. it lets checking in at bars and restaurants and venues via ce

>> developing news at of san francisco, bart trains would not be stopping at the san for cisco station because an officer shot a man that was allegedly carrying a knife. this is a live scene and bart right now, a spokesman said it is not clear yet if the officer that shot the armed person was a bart officer. it is also not sure when the civic center station will open again. also new at 11:00 p.m. no one was injured after a plane landed on highway 280. it was forced to do an emergency landing around 7:15 p.m. near redwood city. the plane in a vehicle collided but the plane was not damaged. >> extremely lucky, it was very fortunate for everyone tonight that this ended the way that it did. >> the plane came to a stop at the site of the road and did not block traffic. authorities believe that kids playing with fireworks may have led to a grass fire that spread to a car rental lot. you're looking at video from this afternoon from a hertz rental lot in south san for cisco and all 37 vehicles were torched. >> the intense flames and dark smoke could be seen for miles. it happened before 3:00 p

santa cisco 58 degrees, berkeley about 63.ain view upper 60s and the same for san rosa as well. here is a look at the afternoon hike, will warm to 92 degrees today. 97 degrees today in fairfield. the in in spots coming down we had trouble digits yesterday. on the peninsula we were in 80's, yesterday, will be an about '70s. through berkeley and now let me it looks as though the temperatures will stay in the '70s and '80s. --through berkeley in lme it looks like the temperatures will stay in the '70s and '80s. no doubt in the south bay, temperatures or --will range anywhere from 84 to 90 degrees. and the next couple days will stay high. by wednesday that is where we shake things up. we will notice the clouds rolling into the picture. mostly cloudy conditions on wednesday. temperatures just start to ease up a little bit. we will continue with the cooling trend through the end of the week and into the weekend. we are talking about the pattern fog settling in to beat morning hours. cooler to sustain in the low 80s inland. upper 60s

but cisco -- but investors seem to like the news because cisco executives say they need to cut some fat. >>> keep an eye on netflix stock today. the online movie rental company hit its highest point ever yesterday topping $300 a share. some analysts remain bullish on the company saying stock could reach $330 a share before the end of the year. but others say netflix value could decline as it spends money to expand through latin america. also facing some renegotiating contracts with television and movie companies in the coming year. >>> all right. time now 6:53. a new twist on the idea of splitting california into two states. the idea that leaves a big shock chunk of southern california out of what would be the new 51st state. >>> good morning. highway 4 little bit of slowing here and a lot of slowing in antioch. tell you more about the drive to work. [ female announcer ] this is the story of eves. [ eves ] years ago, i hurt my shoulder drag racing. that's when i decided to take it easy, so i took up hang gliding. [ female announcer ] a grandpa who refuses to grow up. [ eves ] the pain w

. >>> cisco systems took a hit today. it stock dropped 2% and analysts reported cisco may cut 5,000 jobs. the san jose company is the world's largest networking equipment company but earnings have been down due to increased competition. cisco says it needs to reduce extenses by more than half a million dollars. >>> i'll show you which cities will cool the most for your tuesday. >>> a north bay girl dies during a summer sleep over with friends. suddenly warnings about under aged drinking are all too real. >>> in sonoma county the death of a 16-year-old girl because of alcohol poisoning has her family reeling. debra villalon is at the school. >> reporter: the message ades have a safe and fun sum -- the message reads, have a safe and fun summer. >> reporter: a favorite song shared by two best friends on a note from takamie. takamie drank some vodka and didn't wake up. >> they poured it into the plastic water bottle and were in the room with it drinking. >> reporter: it happened in a hilltop neighborhood of estate homes. thre

later on in the night after several rest of for a doctor with the center cisco chronicle was thrown downo the ground as you say and it was anything but criticpretty. >> there is all little damage to clean up this morning >>> if you come down to 18th and castro they made their way through here and you cannot tell they made their way through here unless you look of the bank of america and see that shattered a window there other than napa either the city or the business people did a wonderful job cleaning up all the mess it is very clean at the time you can see a straight cut sweeper is coming through here right now. people have been coming to me on the street and asking me why am here what went on. ipod foul call into the savages who police department and to find out what they're doing to keep this area safe and what charges the arrested people will face. >> with the destruction we start had nothing to do with the case the areas that were involved and the bank atms that were damaged it did make any sense >> a lot of people echo your sentiments he could not believe why they were going throu

. >>> this morning some cisco system workers are wondering if this will be their last month at the jobe hardware giant. sis coy announced it's cutting 6500 jobs, 9% of its global work force, by the end of next month. coming up at 5:45 employees tell us besides the paycheck the one thing they'd miss most if they're laid off. >>> a major barrier construction project now more than a year behind schedule and that could mean more money. ktvu's jade hernandez is live in pacifica with details on the devil slide delay. jade. >> reporter: that's right. another year and the price tag gets steeper, kraig. back in october of last year this project was four weeks ahead of schedule. now the time line has been pushed back a year because of soil movement which will require more reinforcement work. the vast project includes constructing two tunnels, two bridges linking highway 1 and pacifica to the tunnel approaching road revisions south of the tunnel's equipment buildings and office building. cal trans now says the twin tunnels at devil slide will not open until late next year pushing up the cost of t

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