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Huge Tax Bill For New Vallejo Neighborhood

The real estate slump is hurting one Vallejo neighborhood as it doesn't have the businesses and homes originally planned. CBS 5 Investigates wanted to know why their tax bills are so high. Anna Werner reports.

http://cbs5.com - 2 minutes ago

401K's for Mervyn's Employees May Be In Jeopardy

A source inside the Mervyn's company told CBS 5 Investigates said former employees of the Hayward-based company may not be able to cash out their 401K plans. Anna Werner reports.

http://cbs5.com - 2 minutes ago

Founder Says Mervyns 'Raped' By Corporate Greed

Mervin Morris said the company he founded was mismanagemed in the years after he sold his stake. Anna Werner reports.

http://cbs5.com - 2 minutes ago

Did Mervyns Follow California Labor Laws?

California law says companies such as Mervyns should have given two months notice before a mass layoff. But did the Hayward-based chain follow the law? Anna Werner reports.

http://cbs5.com - 2 minutes ago

Bailed Out Morgan Stanley Throws Lavish SF Party

A company that received tax dollars as part of the economic bailout threw a fancy party in San Francisco's new Academy of Sciences this week. CBS 5 cameras went undercover and caught the party on tape. Anna Werner reports.

http://cbs5.com - 2 minutes ago

CA Sales Tax Hike Proposed Amid Budget Crisis

Gov. Schwarzenegger is proposing a 1.5 percent hike in the state sales tax to try and help bridge a massive budget deficit. Anna Duckworth reports.

http://cbs5.com - 2 minutes ago

CNET Budget Holiday Gift Ideas

CBS Partner CNET hs some tech gift ideas for under $100.

http://cbs5.com - 2 minutes ago

Damaged Goods: The Truth Behind Your Package Deal

When it comes to shipping your packages, where you go for service can determine who's responsible if that package is damaged. Anna Werner reports.

http://cbs5.com - 2 minutes ago

Wal-Mart Thrives During Economic Downturn

Wal-Mart saw sales increase more than 2 percent, bucking a national trend that saw most retail store sales shrink dramatically. Len Ramirez reports.

http://cbs5.com - 2 minutes ago

Airfares Drop Just In Time For Holidays

Some airlines have cut their fuel surcharge, and prices on airlines have plummeted as consumer confidence crumbles. It may be time to buy. Sue Kwon reports.

http://cbs5.com - 2 minutes ago

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