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By Richard Leong NEW YORK (Reuters) - The U.S. trade deficit narrowed in April on a drop in imports, which surged in March following the end of a West Coast ports labor dispute, while companies picked up their hiring in May after a pullback the previous month. The data supported the notion the U.S. economy has recovered somewhat from a first-quarter contraction and bolstered expectations the Federal Reserve may consider raising interest rates later this year. Two private reports signaled slower growth in the U.S. services sector, which has propped up the economy as it faced drags from a strong dollar, a recent rise in oil costs and sluggish demand abroad.
OAKLAND, Calif. (AP) — City officials accepted a $4 million federal grant to chop down trees in the ritzy Oakland hills, a decision that ignited debate over how best to prevent deadly wildfires in the affluent Northern California region.