Removing Tags at the bottom of Excerpts of columns of home page

Hi, I love Pinpress theme for its pinterest-like layout and is very suitable for the products I’m showcasing in my blog, however I have 2 things I’d need help with.

1) I have opted for “latest posts” as my home page setting and it turned out apart from a thumbnail pic and an excerpt of the h1 and content, a series of tags are also shown below each featured column widget. How do I remove those tags?

1) There are also “Category:” and “Tags:” followed by the series of category names and tags respectively at the bottom of each post. I managed to remove the category names and tags but the “Category:” and “Tags:” are still there. How do I remove those completely off the bottom of my posts?

Any help will be much appreciated. Thanks much!!