Business briefs: Sun finally profits

Sun Microsystems, the server and software maker, swung to a first-quarter profit that matched Wall Street’s expectations Monday, marking the company’s first full year in the black since the dot-com meltdown. Bolstered by stronger sales of its high-end servers and improved cost controls, Sun Microsystems Inc.’s (JAVA) net income was $89 million, or 3 cents per share for the three months ended Sept. 30.

CITIGROUP

The nation’s largest bank shareholders may have finally gotten what they wanted — the resignation of Chairman and Chief Executive Charles Prince — but Wall Street’s worries are far from over. At an emergency meeting of the Citi board Sunday, Citigroup Inc. (C) announced Prince’s departure, but also estimated it would take additional losses of $8 billion to $11 billion.

Caltrain seeks $260 million to complete electrification

State budget surplus eyed to finish transformative rail project

Future of the Castro Theatre? Depends where you sit

Historical preservation and cinephile experience up against live-event upgrades

Savoring the Warriors’ remarkable run: Five lessons learned

Every postseason tells a different story. This one might be a fairy tale