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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.

  • *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,...

  • 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...

  • 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...

  • 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...

  • SAN FRANCISCO— Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers. The papers show those units had $25.6 billion in sales over the last two quarters, with net earnings of $852 million.

  • NEW YORK— Ebay's PayPal unit is buying Xoom for $890 million cash in a bid to expand into international money transfers. Xoom is a San Francisco- based digital money transfer provider. PayPal said Xoom's presence in 37 countries including key markets like Mexico, India, the Philippines, China and Brazil will accelerate its expansion.

  • SAN FRANCISCO— A former undercover drug agent pleaded guilty Wednesday to extortion and other charges after authorities said he used his position to steal more than $700,000 in digital currency, most of it siphoned from an online drug bazaar known as Silk Road that he infiltrated as part of a federal investigation. While with the DEA, Force, 46, was tasked with...

  • SAN FRANCISCO, July 1- A former federal agent pleaded guilty on Wednesday to stealing bitcoins during the government's investigation of Silk Road, and to secretly soliciting payment from the operator of the online black market for information on its probe. Among them, Force said he agreed to a contract with Twenty-First Century Fox Inc last year to help make a...

  • SAN FRANCISCO— The FBI is working with police to catch vandals behind nearly a dozen fiber-optic cable cuts in Northern California in the past year. FBI spokesman Greg Wuthrich says the FBI has known about the separate vandalism incidents and became involved last month because cable cuts in one location can affect businesses and customers in other cities and...

  • NEW YORK— About 3,000 inflatable baby floats are being recalled because they can deflate, posing a risk that a child could drown. The U.S. Consumer Product Safety Commission said Wednesday that the seams on the floats, distributed by Otteroo Corp. of San Francisco, can leak air. They were sold on Otteroo.com, Amazon.com and Zulily.com between January 2014 and July...

  • More pets go missing over the Fourth of July weekend than any other time of year, according to the American Society for the Prevention of Cruelty to Animals. Then, they would challenge others to post a selfie or donate to the American Humane Association, best known for approving animal safety on TV and movie sets. Whistle Labs Inc., a San Francisco- based maker of pet...

  • Kim Kardashian says sexy selfies can be empowering Wednesday, 1 Jul 2015 | 5:02 AM ET

    SAN FRANCISCO— The big reveal from Kim Kardashian's guest turn for San Francisco's revered Commonwealth Club of California on Tuesday night? Before her visit, the Commonwealth Club's invitation to Kardashian provoked minor controversy. Some members and listeners of the club's radio broadcasts said they felt she was not worthy of sharing the same spotlight...

  • NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...

  • FBI investigating new fiber cable attack in California Tuesday, 30 Jun 2015 | 6:52 PM ET

    The Federal Bureau of Investigation said it was investigating the incident, which appeared to be the latest in a string of fiber cable cuts in the San Francisco Bay area over the last year, according to special agent Greg Wuthrich of the Bureau's San Francisco division. The cut took place in Livermore, a city about 40 miles east of San Francisco, Wuthrich said.

  • SAN FRANCISCO, June 30- Amazon.com Inc launched its one-hour delivery service, Prime Now, for select areas of London on Tuesday and said it would expand the program to additional cities in the United Kingdom by the end of the year. London is our first Prime Now city in the UK and we are already working on making Prime Now available in more postcodes in London and...

  • *Consumer confidence increases solidly in June. NEW YORK, June 30- U.S. consumer confidence increased solidly in June, with households upbeat about the labor market, supporting views the economy was back on firmer footing after wobbling at the start of the year. "Consumer spirits are soaring right now showing the economy is on track for further gains this year," said...

  • For some riders, Uber is networking gold Tuesday, 30 Jun 2015 | 12:25 PM ET
    An UberPool image from the company's website.

    One Uber service has promises cheaper fares and less impact on the environment, but for some passengers there's a third benefit.

  • As Christie eyes White House, New Jersey wants jobs Tuesday, 30 Jun 2015 | 11:32 AM ET

    NEW YORK, June 30- New Jersey Governor Chris Christie's second-in-command gave her pitch to a small crowd at a Philadelphia biotechnology convention in June with her signature move: giving out her cell phone number. "Now, no one from New Jersey! I want the guys that aren't already here in New Jersey. "

  • PARIS, June 30- Two executives from California- based Uber will face trial in France on Sept. 30, the Paris public prosecutor said on Tuesday, part of a French crackdown on what the government calls an illegal taxi service. Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe, were detained by police on Monday in an...