oracle and harm h-p. hurd signed a confidentiality agreement as part of his $40 million severance package with h-p. no comment from hurd or oracle. and the s.e.c. may impose new rules on high frequency traders after may's "flash crash." chairman mary schapiro says her agency is taking a close look at large numbers of rapid-fire trades made on may 6. speaking to a group of business leaders in new york, she said a final report will be completed by the end of this month. >> tom: still ahead, tonight's "word on the street" is "innovation." we'll look at three firms outside the tech world making a profit by innovating. here's a hint-- one is the largest employer in america. >> susie: in state capitals and city halls across the country, major budget battles are underway. tax revenues continue plummeting as property values remain low, unemployment is high, and consumers aren't shopping. all week, we're looking at how state and local governments are dealing with the cash crisis in a series we call "budget blues." tonight, we focus on california. the golden state has come to symbolize the budget crisis. its massive deficit-- $19 b

hurd will get as president of oracle. hewlett-packard announced yesterday, it is suing to block oracle from hiring hurd. hp says hurd signed a confidentiality agreement that keeps had him from using trade secrets at or -- oracle. this could be a case that could be difficult to win. >>> tax cuts for the middle class and businesses. that's what president obama promised today. it's his hope that the move will stimulate the economy. but as craig boswell reports, republicans are skeptical. >> reporter: president obama says 200 billion in tax breaks for businesses will jump start hiring and represent revive the economy. >> i'm proposing a generous, permanent exenshun of the -- extension of the tax cuts that goes to companys that they do right here in ohio, right here in the united states of america! >> reporter: the president pitched the plan in cleveland against those spelled out by john boehner in the same location last month. >> there were no new policies from mr. boehner. there were no new ideas. >> reporter: the president laid into the gop several times while once again calling on congress to dismiss what republicans say is a stimulus package. >> he can't -- >> reporter: on the bush era cuts, he said

the "wall street journal" quotes unnamed sources saying the oracle founder is interested in finding a spot for hurd. hurd reseen from h-p. ore quell's larry ellison criticizedded hp's board of directors for letting hurd good. >> how much more people are paying this year compared to last for air fare. and will this beautiful weather continue through labyear day? league -- leigh glaser knows? mike. >> mike: time to look forward to nfl >> alan: if you're looking for cheap flights, don't expect to find a bargain anytime soon. new data compiled shows passengers are paying more. domestic fares increased by over 20% in the second quarter compared to a year ago. internationally fairs climbed 30%. for business travelers ticket prices were up by 12% in the first half of the year. >> a lot 0 of people were enjoying the sunny weather and took part in oakland's first gay pride celebration in six years. ♪ >> alan: a lot of people dancing at musicians played in the uptown district today. the pride celebration comes after an effort spearheaded by council member rebeca cap kaplan. oakland held celebrations until 2004, and now they hope to ma

hurd. hp is suing him to stop him from taking a job at rival oracle. the company filed suit in state court, one day after he was hired as co-president. or ray kell is hoping he will seed the softwaremaker -- oracle is hoping he will lead the softwaremaker in the company. >>> the man known as spiderman is promiseing another stunt. dan goodwin climbed the 58- story millenium. he says one reason was to call attention to skyscrapers to terrorist attacks. >> i needed to conquer it myself. in doing so, i felt like i was doing it for all of the captioner survivors out there. >> 54-year-old goodwin is a stage 4 cancer survivor and said that was another motive for his climb. he was arrested on charges of trespassing and creating a public nuisance. that will do it for us. the next newscast is the ktvu channel 2 news at 5:00. thanks for watching and have a great day. our real national pastime? saving money. and like baseball people love their stats. i started bringing my lunch to work -- 50 bucks a week in my pocket. here's a good one: state farm insures 40 million drivers. more than geico and progressive combined. i saved because i'm accident-fre

or two grilled shrimp skewers. each includes our 50 item endless salad bar and start at just $9.99. now at the sizzler. published reports say hurd is in talks with oracle. oracle's >>> mark herd may not be out of work for long. publish reports say herd is in talks with oracle. larry ellison is a friend of herd's and has come to his defense. herd resigned after a hp marketing director accused him of sexual harassment. he denied the claims. >>> two an malls infected with west nile virus have turned up in san mateo county. a dead squirrel was found august 17th and a dead raven was picked up a week later. her working to determine the source of the virus and asking people who live in the area to call them if they find a dead animal. >>> a crucial piece of evidence is in the hands of investigators. it's called a blowout preventer. if it worked properly, the accident may never have happened. >>> reporter: at the scene of the largest offshore oil spill in the nation's history, federal agents took control of a key piece of equipment. the blowout preventer could provide answers to what went wrong on the deep water horizon. a methane gas bubble exploded on the ri

or cold. this comes one day after oracle hired her to call president helped lead the database software maker and muscling and more of h-p's turf. h-p claims that hurdould be able to perform the job at oracle without stirring hp's trade secrets and violating a confidentiality agreement. >> of the trees outside a big changeover yesterday much much cooler and in the '60s and '70s this afternoon about 20 to 25 degrees cooler than yesterday. will talk about this cool down- and how long it's going the last coming up a few minutes. the most powerful half-ton crew in america has a powertrain backed for 100,000 miles. chevy silverado half-ton a consumers digest best buy and the most dependable, longest-lasting full-size pickups on the road. now get 0% apr for 72 months on 2010 silverado half-ton models with an average finance savings around $5,800. now it integrates your work e-mail, so you can be hooked up to everything you need to do. now it does 1 ghz speed on a more intuitive keyboard. turning you into an instrument of efficiency. introducing the new droid 2 by motorola. part of the next generation of does. you are looking at live video of the numerous

or decelerating. and two regions, boston and cleveland, pointed to positive developments. getting fired from h.p. may pay big for mark hurd. he's getting a pretty big pay day from his new employer, oracle. hurd's base salary will be $950,000 a year, according to a securities and exchange commission filing. he's also eligible for up to a $10 million bonus, plus stock options. that's on top of the severance package hurd got for leaving h.p., valued between $35 and $50 million. >> tom: still ahead, tech takeovers. our "street critique" guest mark watson expects buyouts to continue in the technology sector. coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig. the oil giant takes some responsibility for the deadly disaster, but says it was a chain of events involving multiple companies that led to the accident. b.p. began its investigation immediately after the explosion and released the results today in a 200-page report. stephanie dhue has more. >> reporter: today's report says the problem started with a bad cement job that caused dangerous gases to leak into the well undetected. crew members m

oracle. the lawsuit claimed he violated his noncompete contract. hurd resigned last month from hewlett-packard. >>> the oakland city council deciding whether or not to spend $540,000 to place small videocameras on the uniforms of police officers. the purpose is to record officers' interactions with the public, which brings us to our question of the day. do you think police officers should have videocameras on their uniforms? >> david says: >>> a warning for women in the lake merritt area. we'll have a live update coming up. >> plus, a true jailbird. really. why this parrot was arrested during a drug raid in colombia. we'll be right back. the kincaids live here. across the street, the padillas. ben and his family live here, too. ben's a re/max agent, and he's a big part of this community. there are lots of reasons why re/max agents average more sales than other agents. experience, certainly. but maybe it's also because they care about the markets they serve and the neighbors who rely on them. nobody sells more real estate than re/max. can cause coma andider's even death. the african black mamba can kill a man with one bite. but there's an even deadli

congress person could spend it in his or her home district, they call that pork, the decision would be up to a committee. >> oracle announced monday that mark hurd will join the company as co-president. wall street gets to react to that today. there was no trading monday due to labor day. hurd's career at hp ended after irregularities with his expense account and controversy over a a relationship with an hp contractor. mark hurd can't come into a meting and spill the beans on what's going at hp. you have a confidentiality agreement. those who support hp say hp is sticking by its ethical guns. business and ethics these days are not closely related. i saw this as a big win for mark hurd. >> he was the first one i thought of who won in this. >> i suspect they'll have a different kind of -- not just a confidentiality agreement, but probably like disclosure of personal relationship type of talk. >> certainly that is something that oracle has struggled with. >> right. >> i'm struggling with my words. thank you, scott. >>> the giants still sit a game behind the padres in the race for nl west this morning. it's getting exciting. last night in phoenix th

or sell. mark heard the as to see all has settled a lawsuit. mark hurd, the ousted ceo of from working at rival oracleonday hurd agreed to relinquish stock he was given in his severance package. the shares are worth nearly $14 million, basedi] on monday's closing price of $39.39. hurd, 53, appears confident that he will make far more at oracle than he would have had he fought hp for the right to keep the remaining stock in his severance package. we'll take a break, headlines in late december 9th news trade ahead on the kron4 news, let's go back ^ a live shot of golden gate northbound traffic is still working its way past anaximander's action in this up on land that is where you're seeing some of the un traffic moving so lightly everyone is trying to get by that. latest reports coming up. carly fiorina laid off 30,000 workers. when you're talking about massive layoffs, which we did... perhaps the work needs to be done somewhere else. [ male announcer ] fiorina shipped jobs to china. and while californians lost their jobs, fiorina tripled her salary. bought a million dollar yacht. and five corporate jet

or decelerating. and two regions, boston and cleveland, pointed to positive developments. getting fired from h.p. may pay big for mark hurd. he's getting a pretty big pay day from his new employer, oracle. hurd's base salary will be $950,000 a year, according to a securities and exchange commission filing. he's also eligible for up to a $10 million bonus, plus stock options. that's on top of the severance package hurd got for leaving h.p., valued between $35 and $50 million. >> tom: still ahead, tech takeovers. our "street critique" guest mark watson expects buyouts to continue in the technology sector. coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig.