Top of the morning’s news
- Troubled San Jose tech giant Cisco Systems announced it will slash a whopping 6,500 jobs, or 9 percent of its work force, in August. Mercury News
- Borders, which has been in bankruptcy since February, will close the remaining 399 of its book stores and 11,000 workers will lose their jobs. PaidContent
- The Obama reelection campaign released its list of campaign bundlers and nearly a quarter of the 244 biggest donors are from California. Chronicle Politics Blog
- State Attorney General Kamala Harris cleared the way for Amazon to move forward with its ballot measure attempting to overturn California’s online tax collection law. Capitol Alert
- The Chronicle reports that recently departed Muni chief Nathaniel Ford is in the mix to be BART’s next general manager.
- Meanwhile, Muni could name Ford’s successor as early as today. Chronicle
- San Francisco Superior Court will lay off 200 workers, more than 40 percent of the staff, in a draconian move resulting from the loss of state funding that will play havoc with the civil judicial system. Chronicle
- Two men involved in a robbery attempt in which their friend, former USF basketball player Hyman Taylor, was shot and killed last year near the Ikea store in Emeryville during a drug deal gone bad, pleaded guilty to attempted robbery. Chronicle
- Oakland-based Clorox rejected Carl Icahn’s bid to buy the company for $10.2 billion, calling it “neither credible nor adequate.” Oakland Tribune
- Silicon Valley employers are projecting 15 percent growth in tech jobs over the next two years. Mercury News
- A Daly City man faces up to 12 years in prison after being convicted of burning his 17-month-old son in a hot stove allegedly to teach him that ovens are dangerous. Chronicle
- A 47-year-old San Rafael man was arrested for threatening the life of Senator Barbara Boxer. Chronicle
- San Jose and Union City joined in a lawsuit to overturn the state’s recently enacted laws to eliminate or take money away from California’s 398 active redevelopment agencies. Mercury News
- State Sen. Leland Yee introduced a bill that would prevent the kind of lucrative pay and bonuses just announced for three executives and a chancellor at the state’s public universities during tough economic times. Chronicle
- Marin court officials have decided to close the county’s only juvenile court and begin transporting youthful suspects to the county’s main courthouse, which apparently means abandoning a controversial plan to have youthful suspects sit inside a glass enclosure during proceedings. The Bay Citizen
- The Giants are to visit the White House Monday for the traditional presidential congratulations for last year’s World Series victory. Chronicle
