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  • NEW YORK/ SAN FRANCISCO, July 26- The 1923 middle school building in Oregon's Corbett School District is so old that horses and trailers were used to dig the basement. The amount of debt sold so far this year in the $3.7 trillion market for U.S. municipal and state debt is less than in 2015 despite record-low borrowing rates. The yield on top-rated municipal 30- year...

  • NEW YORK/ CHICAGO, July 26- Record low interest rates so far have failed to spur a wave of new borrowing in the $3.7 trillion U.S. municipal debt market, with one exception: its weakest borrowers are seizing the opportunity to prop up their finances at costs they can afford. Some cash-strapped areas, including Illinois and low-rated Chicago, can also issue bonds for...

  • Most of Yahoo's $36.4 billion market value is derived from its 15 percent stake in Chinese online commerce company Alibaba Group Holdings Ltd and its 35.5 percent stake in joint venture Yahoo Japan Corp. These are not included in Yahoo's deal with Verizon. Prior to running an auction for its core business, which included its advertising tools and internet...

  • NEW YORK— Verizon's deal for Yahoo could give the phone company a stronger foothold in digital advertising as it takes what it knows about its customers' whereabouts and combines that with Yahoo's popular destinations and AOL's advertising expertise. To boost traffic and revenue even more, Verizon could also ship some phones with Yahoo apps already...

  • NEW YORK— Marissa Mayer was a rarity: A major tech-company CEO who served while pregnant and, later, as a mother of young children. But the company's problems didn't start with Mayer, who points out that Yahoo's audience grew under her tenure. Women make up 37 percent of Yahoo's workforce and 24 percent of its leadership positions, numbers typical of the technology...

  • Charlie Baker is backing off his support of a plan to require online lodging services such as Airbnb to pay the same taxes as hotels and motels just days after he said levying the tax was necessary. On Thursday, Baker said during his monthly "Ask the Governor" segment on WGBH-FM that he would sign a proposal to apply the hotel tax to services such as San Francisco-...

  • NEW YORK, July 25- A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information from a background check on a passenger bringing a price-fixing lawsuit, saying the investigative firm conducting the probe may have engaged in criminal conduct. District Judge Jed Rakoff in Manhattan also faulted the...

  • NEW YORK, July 25- Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a protracted sale process for the fading Web pioneer. The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains...

  • SAN FRANCISCO— Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. "We have enormous respect for what Yahoo has accomplished: this transaction is about unleashing Yahoo's full potential," Armstrong said in a printed statement. Most analysts expect the deal to end the four-year reign of Yahoo's Mayer, who...

  • CAMARILLO, Calif.— The average price of gasoline has dropped 7 cents over the past three weeks to $2.22 a gallon for regular grade. The Lundberg Survey found the average price of midgrade unleaded is $2.51 a gallon and $2.72 for premium. The highest average price for regular gasoline in the Lower 48 is $2.83 a gallon in the San Francisco Bay Area.

  • July 24- Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter. Bloomberg first reported the deal would be announced on Monday for $4.8 billion. Started in 1994 by Stanford graduate students Jerry Yang and David Filo, Yahoo in its early years was the destination of...

  • NEW YORK— Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is likely to end the four-year reign of Yahoo CEO Marissa Mayer, a former Google executive who flopped in her attempts to turn around the Sunnyvale, California, company. After the sale is completed,...

  • July 24- Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. Bloomberg first reported that the deal will be announced Monday for $4.8 billion.

  • SAN FRANCISCO— San Francisco wants people who rent out their homes through Airbnb and other online platforms to follow some rules, and it wants the platforms to advertise only those rule-abiding listings— or face steep fines. That means Airbnb and others must stick to advertising San Francisco hosts who have registered with the city and haven't exceeded the...

  • July 23- Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the...

  • SAN FRANCISCO, July 22- A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam. With second-quarter reporting season kicking into high gear,...

  • A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. Bloomberg News, which reported earlier that Verizon was nearing an agreement to buy the Yahoo assets, cited an anonymous source...

  • Annual increases in rent surpassed 9 percent in both the Seattle and Portland, Oregon areas, although it has moderated in markets such as San Francisco, where yearly price growth went from double-digit gains to 7.4 percent. Prices are rising above the national average in New York City and Los Angeles. But they've settled at less than 2 percent in Cincinnati and...

  • Its hybrid DNA flows from a digital mapping pioneer's fascination with the world around him, Google's affinity for offbeat ideas, Nintendo's comeback quest and a 20- year-old menagerie of animated monsters so popular that it spawned a company just to be its talent agency. In a mischievous 2014 post, Google announced a new training tool, created in conjunction...

  • In the year since its spinoff from e-commerce company eBay Inc, becoming an independently traded company on Wall Street for the second time, PayPal has grown aggressively. Its revenue for the second quarter is up more than 15 percent to $2.65 billion from a year ago and the volume of payments it processes is up 28 percent to $86.21 billion, the company said in its...