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Washington Mutual Announces Major Layoffs in the Bay Area

Hundreds of Bay Area Washington Mutual employees are facing unemployment after the company, now owned by JP Morgan Chase, announced severe job cuts Thursday afternoon. At WaMu's call center in Pleasanton, 1,200 employees were told they would be losing their jobs. Another 400 San Francisco workers were laid off as well.

Palo Alto Police Chief Announces Retirement

Palo Alto Police Chief Lynne Johnson announced her retirement today, three weeks after making statements at a public meeting that some in the community condemned as encouraging racial profiling. Johnson did not mention the episode in a prepared statement released today by the city.

Woman Bus Passenger Dies in Collision Near Sebastopol

An elderly female passenger on a Sonoma County Paratransit bus died this afternoon when the small bus and a flatbed truck hauling a cement mixer collided on state Highway 116 near Sebastopol, the California Highway Patrol reported.

NorCal Median Home Price Plummets 41 Percent

Despite an increasingly uncertain economy, thousands of homebuyers around San Francisco Bay kept snatching up foreclosed homes last month, dragging down the median home price by 41 percent from a year ago, a real estate tracking firm said Thursday.

Survey Says Four of Ten Bay Area Firms to Cut Jobs in Near Future

A survey of Bay Area business executives is providing a bleak forecast for the area's economy. A survey of 509 executives by the Bay Area Council found that four out of ten companies plan to cut jobs within six months.