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  • 2 Dead In Shooting In Olympia

    police-tapeThe Thurston County sheriff's office says a man and a woman have died in an Olympia-area shooting. Lt. Cliff Ziesemer says the woman was pronounced dead at the scene Wednesday afternoon. The man died while being transported to Providence St. Peter… Read More +

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  • Inslee Seeks Support For More Wildfire Money

    carltonfireGov. Jay Inslee and Lands Commissioner Peter Goldmark are asking Washington state's congressional delegation for their support in seeking additional money that could be used for fighting wildfires. The letter sent Wednesday comes a week after a dozen U.S. Senators, including… Read More +

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  • Cleveland Over Mariners 2-0

    mariners logo NewCorey Kluber had three-hitter to outpitch Felix Hernandez for his first career shutout, Yan Gomes had a two-run double and the Cleveland Indians beat the Seattle Mariners 2-0 on Wednesday night. The matchup between two of the top pitchers in the American League lived up to its billing. Kluber (11-6) held the Mariners to three singles and no walks while striking out eight.

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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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