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  • *The central bank cut its monthly asset purchases to $25 billion from $35 billion, leaving it on course to shutter the program this fall. KIM RUPERT, MANAGING DIRECTOR AT ACTION ECONOMICS IN SAN FRANCISCO:. OMER ESINER, CHIEF MARKET STRATEGIST, COMMONWEALTH FOREIGN EXCHANGE, WASHINGTON:.

  • NEW YORK, July 30- A Connecticut lawmaker on Wednesday launched the first national effort in years to tax soda drinks, the latest bid by regulators and politicians to stem rising obesity and diabetes rates by curbing the consumption of sugary drinks.

  • Small businesses see revenue gains, hire workers Wednesday, 30 Jul 2014 | 11:39 AM ET

    NEW YORK— The long-awaited surge in hiring at small businesses appears to be underway. Faulkner Hyundai in Harrisburg, Pennsylvania, is adding seven people to its staff of 92 because new cars are selling at their fastest rate in eight years. As recently as March, an American Express survey found 76 percent of owners planned to hire only when their revenue rose.

  • Internet privacy service Tor warns users it was attacked Wednesday, 30 Jul 2014 | 11:12 AM ET

    BOSTON, July 30, Reuters- Tor, the Internet privacy protecting service, said on Wednesday it discovered a compromise on its network that indicated somebody was trying to monitor the activity of its users.

  • What's a group selfie? Usie (pronounced uss-ee) Wednesday, 30 Jul 2014 | 8:18 AM ET

    "Usies are a growing trend that I think have far more social value than selfies," said Michal Ann Strahilevitz, a professor of marketing at Golden Gate University in San Francisco who studies consumer behavior. "

  • McDonald's, franchisees liable in worker disputes Wednesday, 30 Jul 2014 | 7:17 AM ET
    A worker puts together an order of Chicken McNuggets at a McDonald's restaurant in Little Falls, N.J.

    McDonald's and its franchisees can be held liable in complaints that the company violated employee rights, an official at the U.S. NLRB said.

  • The man responsible for Hilton's grand turnaround Wednesday, 30 Jul 2014 | 3:02 AM ET

    McLEAN, Va.— Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Between his wife, six daughters, friends, neighbors and relatives, there are often 40 people dining. "I'm not a gourmet chef," Nassetta says.

  • HONG KONG, July 30- China's institutional investment in property overseas rose 17 percent in the first six months of this year, with residential investment surging 84 percent, real estate services firm Jones Lang LaSalle said on Wednesday. San Francisco and Chicago followed with $548 million and $365 million, respectively.

  • July 30- A federal grand jury for the Northern District of California charged PG&E Corp on Tuesday alleging it obstructed the investigation of the National Transportation Safety Board into the deadly San Bruno natural gas explosion in 2010..

  • PG&E charged with obstruction over San Bruno blast Tuesday, 29 Jul 2014 | 9:08 PM ET

    SAN FRANCISCO— Pacific Gas& Electric was charged Tuesday with lying to regulators in connection with a fatal pipeline explosion that killed eight people and leveled a suburban Northern California neighborhood in 2010..

  • July 29- A federal grand jury for the Northern District of California charged PG&E Corp on Tuesday alleging it obstructed the investigation of the National Transportation Safety Board into the deadly San Bruno natural gas explosion in 2010..

  • July 29- McDonald's Corp, not just its franchisees, can be held liable in complaints that the company violated employee rights, an official at the U.S. NLRB general counsel Richard Griffin Jr. wrote in the letter that of the 181 complaints filed against the fast-food chain since November 2012 in connection with employee protests, 43 had merit.

  • Business Highlights Tuesday, 29 Jul 2014 | 6:03 PM ET

    SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.

  • Twitter 2Q results soar, stock flies high Tuesday, 29 Jul 2014 | 4:38 PM ET

    Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter. Twitter also grew its user base more than expected, alleviating concerns, at least for now, that it doesn't hold appeal for a broad swath of people.

  • OKCupid, Facebook not alone in studying consumers Tuesday, 29 Jul 2014 | 4:09 PM ET

    NEW YORK— Think you're in control? The New York- based Internet company's revelation follows news earlier this month that Facebook let researchers change news feeds to see how it would affect users' moods.

  • SAN FRANCISCO, July 29- The U.S. judge overseeing a criminal drug prosecution against FedEx Corp said one of the core issues will be what FedEx executives knew about illegal online pharmacies whose packages it shipped. FedEx was indicted earlier this month on 15 criminal counts, including conspiracy to distribute controlled substances.

  • U.S. judge wants FedEx drug case to proceed quickly Tuesday, 29 Jul 2014 | 2:42 PM ET

    SAN FRANCISCO, July 29- The U.S. judge overseeing a criminal drug prosecution against FedEx Corp said one of the core issues will be what FedEx executives knew about illegal online pharmacies whose packages it shipped. FedEx was indicted earlier this month on 15 criminal counts, including conspiracy to distribute controlled substances.

  • Escaping email: Inspired vision or hallucination? Tuesday, 29 Jul 2014 | 12:56 PM ET

    SAN FRANCISCO— Dustin Moskovitz is plotting an escape from email. Moskovitz is trying to turn that chronic headache into an afterthought with Asana, a San Francisco startup he runs with former Facebook and Google product manager, Justin Rosenstein.

  • US home price gains slow for 6th straight month Tuesday, 29 Jul 2014 | 9:04 AM ET

    WASHINGTON— U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season. That's down from 10.8 percent in the previous month and the smallest annual gain since February 2013. They accelerated in Charlotte, North Carolina, and were flat in Tampa, Florida.

  • SAN FRANCISCO, July 28- FedEx Corp has hired some of the hard-hitting attorneys who represented home run slugger Barry Bonds to defend against criminal allegations that FedEx knowingly shipped packages from illegal online pharmacies. Cristina Arguedas and Allen Ruby were retained by FedEx last week, according to court records.