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  • Green Diamond Makes Large Land Buy In Ore. - Hires Manager

    GDRC-ORG-BuyElsbreeGreen Diamond Resource Company President Douglas Reed today announced that the company has purchased approximately 600,000 acres of timberland in South Central Oregon from JWTR LLC of Klamath Falls, Ore. With this acquisition, Green Diamond Resource Company owns and manages over… Read More +

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  • Boeing Delivering 747-8 To Air China

    Boeing747-8Boeing is delivering a 747-8 Intercontinental to Air China on Monday in Everett. The company says Air China is the first carrier in Asia to operate the Intercontinental, its longest passenger jet. The airline has ordered five of the jetliners to… Read More +

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  • High School Football Scores

    football highschoolOlympia 38, Timberline 6 - Ingersoll Stadium. Blazers (1-1 4A Narrows, 2-2 overall); Bears (2-0 4A Narrows, 3-1 overall). Olympia: Isaiah Brooks – 130 yards rushing, 3 TDs; Kaden Wilson – 2 TDs (1 rush, 1 pass).

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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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