Morning Wrap: 1/15/13

SFPD releases sketch of Mission district woman’s attacker, California’s huge long-term debt, Silicon Valley hedge fund manager sentenced to prison, more.

• Apple’s stock slipped below $500 for the first time in nearly a year amid concerns about falling iPhone orders. AP
• SFPD released a sketch of the man suspected of attempting to rape a woman in the Mission District. Chronicle
• Gov. Jerry Brown’s budget-balancing triumph notwithstanding, the state still faces hundreds of billions of dollars in long-term debt. LA Times
• Former Silicon Valley hedge fund manager Albert Ke-Jung Hu was sentenced to 12 years in prison for defrauding millions of dollars from investors. Mercury News
• Amid a boom for extra-virgin olive oil, California’s olive harvest was its largest ever. Chronicle
• As part of the shifting alignment of his congressional district, Rep. Jerry McNerney (D-Stockton) opened a field office in Antioch to serve the Contra Costa County part of his district that abuts that of Rep. George Miller (D-Martinez). Contra Costa Times
• UCSF received two grants from the Bill and Melinda Gates Foundation totaling $16 million to study how to reduce childhood mortality in developing nations. SF Business Times
• A fallen redwood tree crashed through a two-story Larkspur home, but the owner, who was at home at the time, escaped injury. Chronicle
• The A’s gave manager Bob Melvin a two-year extension. AP