Top of the morning’s news
- Bank of America is considering eliminating roughly 40,000 jobs in the first wave of restructuring that chief executive Brian Moynihan is expected to outline early next week. Wall Street Journal
- The lights have come back on for 1.4 million customers of San Diego Gas & Electric after yesterday’s historic power outage. LA Times
- Newly-named MediaNews Group CEO John Paton has dropped copyright litigation troll Righthaven, saying it was “a dumb idea” for the newspaper chain to ever get involved with it. Wired
- A 5 percent pay cut for five months—that’s among the cost-cutting initiatives instituted at the St. Petersburg Times in Florida for full-time staffers.
- Gov. Jerry Brown’s jobs plan still appeared iffy for passage late Thursday, even after the governor revised it to include reduced tax rates for businesses and individuals in a bid to win Republican support. Chronicle
“Firing someone on the phone is like telling your spouse you want a divorce in an email.”-- Autodesk CEO Carl Bass, referring to the unseemly way Yahoo chief executive Carol Bartz was let go.
Other news
- New questions about solar-power producer Solyndra’s spectacular business failure despite a half-billion-dollars in taxpayer subsidies after the FBI raided the company’s Fremont headquarters and hauled out documents Thursday. BANG
- Officials at Stanford Hospital are investigating how the confidential medical data for 20,000 people treated at its emergency room, including names, addresses and diagnosis codes, were posted on a public website for more than year before being taken down. Chronicle
- Despite assurances from backers that the money will be there, a threat by House Republicans to slash transportation funding has cast doubt on funding for the Central Subway project. The Bay Citizen
- Charles Lester was approved as executive director of the California Coastal Commission, replacing Peter Douglas, who held the position for 26 years until retiring last month. Chronicle
- The Oceanic Society, the nonprofit that raises awareness about the world’s oceans, has moved from San Francisco, its headquarters for three decades, to Ross in Marin County. Marin IJ
- Nestle Dryer’s Ice Cream will keep its historic headquarters in Oakland, even though it plans to relocate up to 175 jobs to an expansion office in Walnut Creek. Contra Costa Times
- On the eve of today’s one year anniversary of the San Bruno disaster, the state Public Utilities Commission ordered PG&E to submit future requests to raise pressure on its natural gas lines to the full commission during public hearings. Bay City News Service
- Berkeley High is spending $180,000 on new employees to help beef up security during the new school year, following high-profile incidents last year in which students were arrested for bringing guns to school. Berkeley Voice
- Police arrested a 26-year-old suspect in the case of a young Irishman who was nearly killed in an altercation in June during a Gaelic football match on Treasure Island. Chronicle
