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Shelton, WA

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  • Pot Moratorium Repealed

    MJ potsMarathon Meeting: 2-1 to repeal the County's Moratorium on Marijuana. The grand finale of the three hearings in a packed house was definitely the best and had the most testimony. The hearing was to give the public an… Read More +

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  • Rain Won't Extinguish Wildfires

    carltonfireUPDATE: Thunderstorms are expected to drop up to half an inch of rain Wednesday on the largest wildfire in the state's history. But that won't be enough to extinguish the flames. Andrew Sandri, spokesman for the Carlton Complex of fires, says… Read More +

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  • Sidney Rice Is Retiring

    sidneyriceSeattle Seahawks wide receiver Sidney Rice is retiring from the NFL after an injury-plagued career that included issues with concussions. The Seahawks announced Rice's decision Wednesday, two days before the start of training camp. Rice missed half of last season with the Seahawks after tearing his ACL against St. Louis. Rice re-signed with Seattle in the offseason on a $1 million, one-year deal.

    Read More
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JPMorgan Expected to Agree to $750 Million in Fines for 'Whale' Losses

b_250_0_16777215_00_images_obgrabber_2013-09_9ca82ed2c7.jpgSpencer Platt/Getty Images (NEW YORK) -- JPMorgan is expected to agree to pay $750 million to resolve a probe into the so-called "London Whale" trades that lost the bank over $6 billion. JPMorgan's board met on Monday and will meet again on Tuesday to approve the fines, which could be announced this week. The bank did not give public comment on the private negotiations.

The bank announced the multi-billion-dollar losses last May and will pay the $750 million settlement to avoid fines from the Securities and Exchange Commission and the Office of the Comptroller of the Currency, says the New York Times. Additional fines could be levied by the Financial Conduct Authority, the British financial regulator.

JPMorgan has previously negotiated a $410 million settlement with the U.S. government after the bank was accused of manipulating energy costs in California and Michigan, reports the Times. Two former JPMorgan employees have been charged for allegedly covering up the bank's losses, says The Huffington Post.

Copyright 2013 ABC News Radio

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