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HSBC to pay over $100M to settle currency rigging probe

LONDON/NEW YORK (UPI) — Europe’s biggest bank has agreed to pay about $100 million in penalties to resolve a U.S. Justice Department investigation. The deal stems from a probe into HSBC Holdings PLC rigging currency rates, an investigation that led to the conviction of one of its former bankers. The scheme, which involved bankers executing More...

by United Press International | Published 2 days ago
By United Press International On Friday, January 19th, 2018
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BP to post $1.7B charge on Deepwater Horizon

LONDON (UPI) — British energy company BP said it expects a charge of around $1.7 billion in its fourth quarter earnings as a result of the Deepwater Horizon settlement. BP said Tuesday that its court-supervised More...

By United Press International On Friday, January 19th, 2018
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Chinese automaker plans to enter U.S. market in 2019

DETROIT (UPI) — Chinese automaker Guangzhou Automobile Group plans to enter the U.S. market in 2019, the company said at the Detroit Auto Show Monday. “We intend to gain a foothold in the U.S.,” More...

By United Press International On Saturday, January 13th, 2018
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Trading oil no longer intrigues T. Boone Pickens

DALLAS (UPI) — After a “roller coaster ride” that saw $100-per-barrel swings in crude oil prices, tycoon and former oil man T. Boone Pickens said he’s bored with trading oil. The 89-year-old More...

By Reuters On Saturday, January 13th, 2018
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South Korea faces uproar over crackdown of cryptocurrencies

SEOUL (Reuters) – With a tech-savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the conventional workplace, South Korea has been a fertile ground for virtual More...

By United Press International On Thursday, January 11th, 2018
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Circuit City to relaunch as online store in February

LAS VEGAS/NEW YORK (UPI) — Electronics retailer Circuit City announced it plans to relaunch its brand after going out of business. Circuit City CEO Ronny Shmoel announced the brand relaunch at the Consumer More...

By United Press International On Thursday, January 11th, 2018
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Dropbox confidentially files for IPO

SAN FRANCISCO (UPI) — File-storage company Dropbox confidentially filed for a U.S. initial public offering Thursday, people familiar with the matter said. The company, valued at $10 billion, is expected to More...

By Associated Press On Thursday, January 11th, 2018
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WWE wants UFC star Rousey to jump from octagon to ring

LOS ANGELES/STAMFORD, Conn. (AP) — UFC star Ronda Rousey’s next fight could come in a WWE ring. WWE executive Paul Levesque, better known as wrestling superstar Triple H, had dinner with Rousey in Los Angeles More...

By Jake Leonard On Tuesday, January 9th, 2018
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COUNTRY Financial to award area students $20,000 in scholarships

NOKOMIS (Heartland Newsfeed) — The Central Illinois COUNTRY Financial® representatives are offering ten $2,000 scholarships to college-bound students in the area. Students who graduated, or will graduate More...

By Reuters On Monday, January 8th, 2018
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Report: Treasury secretary Mnuchin asks Congress to lift debt ceiling by February 28

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin has asked Republican leaders in Congress to lift the federal government’s debt ceiling by Feb. 28, Bloomberg News reported on Monday, citing More...

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