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San Francisco, Bad Economic News Timeline Monday, September 1     Author
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S.F. can't escape U.S. economic downturn  While city outperformed other areas of California, the job market, housing and commercial real estate all declined Exodus of S.F.'s middle class  The number of low- and middle-income residents is shrinking as the wealthy population swells due to the city's exorbitant housing costs Bad news on cancer drug Rituxan  Shares in Genentech sagged, after the company said Rituxan failed to curb symptoms of the debilitating autoimmune disorder Home prices down 17% in February  The average cost of a Bay Area home dropped 17% year-over-year, compared to 13.2 percent in January and 10.8 in December Average Gas Price Reaches $4 A Gallon

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Cell Genesys Drug Trial Halts


August 2008 ... more > Top ^

Aug. 27   South SF
  Shares plunged more than 70% after a clinical trial of its cancer vaccine Gvax was stopped due to a higher number of deaths among patients
Aug. 13   San Francisco


June 2008 ... more > Top ^

Jun.22   San Francisco


April 2008 ... more > Top ^

Apr.30   Genentech
Apr.29   San Francisco
  San Francisco
  The average price for a gallon of unleaded gasoline in San Francisco is marking a record-setting price for the city
Apr.17   San Francisco Bay Home Prices Fall 16%  The housing crisis showed no signs of abating during the start of the spring selling season, as home sales clocked another record low month IMF head gives food price warning

January 2008 ... more > Top ^

Jan.8   San Francisco PG&E's blacked-out is 10-year record
  An estimated 1.9 million to 2.1 million customers lost electricity after the storm's howling winds and driving rain


year 2007 Top ^

Oct.21   San Francisco SF Gas Prices Highest In Country  The cost of a gallon of regular in the city averaged $3.17 Sep.24   SF Downtown Security Guards Go On Strike
  Security guards who normally protect the downtown high rises can be found outside instead, picketing as their strike gets under way CEO Convicted In Brocade Stock Trial Apr.10   Bay Bridge Bridge To Be Closed On Labor Day  The closure will allow to install a new, sturdier viaduct connecting the eastern span to the tunnel Mar.28   South of Market Gas Reaches $4 A Gallon At Shell Station
Map  At a station on 6th and Harrison premium gasoline went for over $4 a gallon

year 2006 Top ^

Dec.13   San Francisco Kaiser Criticized Over Kidney Transplants  A national organ transplant association criticized Kaiser SF Medical Center for mismanaging its kidney transplant program Oct.24   SF Downtown HP scandal references in OpenWorld
Jun.21   San Francisco Home Sales Drop, Prices Rise  Home sales declined for the 14th month in a row in the slowest May since 2001 Sun to Cut Up to 5,000 Jobs
May.12   San Francisco Questions Surround Concrete Supplier  Port of SF Regulatory Specialist says Pacific Cement has left its work site unsupervised for months Feb.16   San Francisco Home Sales Down 20% From Last Year  Sales dropped to a 5-year low last month, a total of just over 6,000 houses and condos sold in the 9 county region

year 2005 Top ^

Aug.25   San Francisco Massive Inspection to Prevent Explosions Aug.9   San Francisco Gas Prices Reach $2.71 Jul.14   San Francisco Hotel union says no to new offer Workers Vote To Authorize Strike May.7   San Francisco Factory fires 80 immigrants w/o severance

year 2004 Top ^

Oct.23   San Francisco Premium gas rings up at $2.70 per gallon
May.27   Bay Bridge Bridge bid comes in $1 billion over target  Only 1 contractor submitted a bid for the suspension portion of the new span, and job came in at $1.8 billion Feb.22   San Francisco Minimum wage increases to $8.50

year 2003 Top ^

Sep.10   San Francisco Levi Strauss to eliminate up to 650 jobs
Aug.25   San Francisco Gallon of unleaded gasoline is $2.13 Aug.2   San Francisco Janitors authorize strike 3Com moving to Massachusetts Mar.5   San Francisco Regular fuel costs average $2.19 a gallon

year 2002 Top ^

Sep.17   Schwab Schwab to cut 10% of staff  Charles Schwab will cut roughly 1,880 jobs. Layoffs are expected to be completed by the end of November Sep.1   Golden Gate Bridge $5 toll to cross span  Those with a FasTrak pass will pay $4. Last hike was in 1991 4,000 jobs trimmed
Jun.22   San Francisco Bars shut down during World Cup Mar.20   SF Downtown Pacific Stock Exchange closes Jan.3   San Francisco Providian to cut 800 jobs  Credit card issuer will cut a 6% of its work force, to make the troubled company more efficient

year 2001 Top ^

Dec.1   San Francisco ExciteAtHome turns off service  Network cut Internet service to 850,000 AT&T Broadband customers Mar.28   SF Downtown Office rents down
Mar.22   Schwab Schwab plans to cut 3,400 jobs Mar.19   San Francisco Blackouts Are Back Cisco cut 8,000 jobs

year 2000 Top ^

Nov.21   San Francisco Examiner ends after 113 years
  220 San Francisco Examiner workers faced a new era
May.14   SF Chronicle Sale of Chronicle turns into 'nightmare'
  Clint Reilly's antitrust suit to stop Hearst from buying the Chronicle and selling Examiner has turned into a soap opera




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