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  • *Balance of influence between Washington, local interests. NEW YORK/ WASHINGTON, July 2- Efforts to fill top positions at some U.S. A bill passed in May by the Senate Banking Committee that Shelby chairs would strip the New York Fed's board of its power to appoint its presidents.

  • LOS ANGELES— A former California real estate developer once honored as his city's citizen of the year was sentenced Thursday to the maximum 14 years in prison for bilking investors who poured millions of dollars into failed development projects. Federal Los Angeles Judge Otis Wright handed down a harsher sentence than the government had requested for Kelly...

  • NEW YORK, July 2- Per Se, the three Michelin- starred Manhattan restaurant run by Thomas Keller, will pay $500,000 to settle charges it withheld tips from workers who staffed private dining events, even as it portrayed those tips to customers as gratuities. Thursday's settlement resolves a New York probe accusing Per Se, whose prix-fixe tasting menus cost $310...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks extended losses on Thursday after the International Monetary Fund warned Greece may need a large debt writeoff, and muted U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar...

  • TV news crews robbed of cameras during live broadcasts Thursday, 2 Jul 2015 | 12:36 PM ET

    SAN FRANCISCO— News crews from two San Francisco Bay Area television stations were robbed at gunpoint and a cameraman was pistol whipped during live broadcasts on Thursday. The San Francisco Chronicle reports that the robbery and assault occurred at about 6 a.m. Thursday along the city's waterfront. Television and newspaper crews have been robbed in the San...

  • NEW YORK— "Magic Mike XXL" is narrowly outstripping "Terminator Genisys" at the holiday weekend box office. The Channing Tatum male-stripper sequel earned $9.3 million on its opening day Wednesday, according to Warner Bros. The two films are vying to unseat " Jurassic World" over the July Fourth weekend.

  • *Balance of influence between Washington, local interests. NEW YORK/ WASHINGTON, July 2- Efforts to fill top positions at some U.S. A bill passed in May by the Senate Banking Committee that Shelby chairs would strip the New York Fed's board of its power to appoint its presidents.

  • US STOCKS-Wall St turns negative as IMF warns on Greece Thursday, 2 Jul 2015 | 12:13 PM ET

    *IMF warns Greece needs debt extension. July 2- U.S. stocks turned negative after the International Monetary Fund warned Greece may need a further large debt writeoff, and weak U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar Aguilar,...

  • WASHINGTON, July 2- A mixed U.S. jobs report on Thursday may not give Fed chair Janet Yellen the "decisive evidence" of labor market recovery she wants to see before raising interest rates. The June employment report showed a modest jump in jobs but no wage growth, a renewed fall in the labor force participation rate, and no improvement in some of the weak corners of the...

  • Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage rose to 4.08 percent this week from 4.02 percent a week earlier. Data issued Tuesday showed that home prices increased at a solid clip in April, led by double-digit gains in Denver and San Francisco. To calculate average mortgage rates, Freddie Mac surveys lenders across...

  • Intel President Renee James to leave chipmaker Thursday, 2 Jul 2015 | 11:11 AM ET

    NEW YORK— Intel said Thursday that President Renee James, who has worked at the chipmaker for 28 years, plans to leave the company early next year to seek a CEO role elsewhere. James has agreed to stay with Intel until January to oversee the transition of her responsibilities and will be paid $4 million to do so, according to a filling with the U.S. Securities and...

  • NEW YORK— You may have noticed your Facebook friends getting considerably more colorful. More than 26 million Facebook profile photos have taken on a rainbow hue in the days since the U.S. Supreme Court ruled on Friday that marriage is a right guaranteed under the Constitution regardless of a person's sexual orientation. Arnold Schwarzenegger, Leonardo...

  • SAN FRANCISCO— Google's new image-recognition program misfired badly this week by identifying two black people as gorillas, delivering a mortifying reminder that even the most intelligent machines still have lot to learn about human sensitivity. The blunder surfaced in a smartphone screen shot posted online Sunday by a New York man on his Twitter account,@...

  • Centene makes $6.3B bid for fellow insurer Health Net Thursday, 2 Jul 2015 | 7:50 AM ET

    The deal announced Thursday gives St. Louis- based Centene a chance to expand in two hot growth areas for health insurers, the state- and federally-funded Medicaid program for the poor and people with disabilities; and the federally-supported Medicare Advantage program, which has seen its overall enrollment triple over the past decade. Centene said the Health...

  • Tesla tops 11,000 vehicles delivered in second quarter Thursday, 2 Jul 2015 | 7:16 AM ET

    PALO ALTO, Calif.— Electric car maker Tesla's second-quarter deliveries surged 52 percent to set a company record exceeding 11,000 vehicles. The Palo Alto, California, company had surpassed 10,000 vehicles for the first time in the first three months of the year and on Thursday said it had broken that record, delivering 11,507 vehicles. Shares of Tesla Motors...

  • LOS ANGELES— The Miss USA pageant, left without a TV home following blowback against co-owner Donald Trump over his comments on Mexican immigrants, has been rescued by the Reelz channel. Reelz CEO Stan E. Hubbard said in a statement Thursday that the cable and satellite channel acquired the rights because of a belief that the pageant and the women who compete in it "...

  • LOS ANGELES, July 2- Fifteen years ago, California led the way to cleaner transit buses with strict tailpipe emissions standards that effectively ushered out diesel as the primary fuel for buses in the state and replaced it with natural gas. Now, California is poised once again to take the lead, this time by mandating a switch to so-called "zero-emission" buses by...

  • DIARY- Top Economic Events to July 15 Thursday, 2 Jul 2015 | 12:00 AM ET

    LONDON- Bank of England's Andrew Gracie speaks at financial services cyber security conference- 0805 GMT. MILAN, Italy- European Central Bank President Mario Draghi to give opening remarks at T2S launch celebration- 1510 GMT. MILAN, Italy- European Central Bank Executive Board member Yves Mersch to give closing remarks at T2S launch celebration- 1700 GMT.

  • SAN FRANCISCO, July 1- PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc.. The acquisition would allow Xoom to expand into new markets with less execution risk, Xoom CEO John Kunze...

  • July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...