Morning Wrap: 7/26/12

Mayor Lee signs $14.9 billion two-year budget, Oakland Zoo removes Ten Commandments monument after atheists complain, SFPD lieutenant pleads not guilty to assaulting ex-boyfriend, more.

• California cities made up seven of the top 10 metro areas with the highest rates of foreclosures during the first six months of the year. AP
• Oakland Zoo removed a monument featuring the Ten Commandments after a group of atheists objected to it. Chronicle
• Mayor Ed Lee signed a $14.9 billion two-year budget, the city’s first, and the first time the budget will have topped $7 billion per year. Chronicle
• SFPD lieutenant Vincent Calvarese, 48, pleaded not guilty to misdemeanor charges of assault, battery and false imprisonment in connection with an off-duty incident at Gold’s Gym on Market Street involving a man he used to date. Chronicle
• After disappointing quarterly earnings, San Francisco-based Zynga’s stock plunged nearly 40 percent. Mercury News
• San Jose’s city council recommended a 15-year half-cent sales tax measure for the November ballot. Mercury News
• The Padres pounded Tim Lincecum and the Giants 6-3, leaving the former pitching ace with a 4-11 record. AP