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Shelton, WA

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  • Shelton Resident Graduates from FEMA’s EMI

    burbridge gradChief Bob Burbridge, Mason Fire District #4, graduated from the Federal Emergency Management Agency’s (FEMA) National Emergency Management Basic Academy at the Emergency Management Institute (EMI) on September 18, 2014. EMI has created the National Emergency Basic Academy to produce… Read More +

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  • Seattle Sends Warning Letters To Medical Pot Shops

    MJ med3The city of Seattle is warning its more than 300 medical marijuana businesses that their days could be numbered. Officials this week have sent letters to 330 medical marijuana growers, processors and dispensaries reminding them they need to either shut… Read More +

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  • Baldwin Optimistic About Seahawks Moving Forward

    baldwinDoug Baldwin was about to board the charter bus last Friday when he got word Seattle had traded Percy Harvin. Two days later, he sat in a St. Louis locker room after one of the best games in his career answering questions about whether he was involved in a preseason scuffle with Harvin. Baldwin and the Seahawks are ready to put the Harvin conversation in the past.

    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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Smedindy
Smedindy - Just filled out my ballot and will get it to the drop box tomorrow AM. Thank goodness WA knows the best way to vote. #MailedIt

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wsdot_tacoma - Cleared: Collision on I-5 SB near Port Of Tacoma Rd at mp 136

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wsdot_tacoma - Cleared: Collision on I-5 NB near I 705-SR 7-Pacific Ave at mp 134

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