Monthly Archive: April 2018

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GE: 1Q Earnings Snapshot

BOSTON (AP) — General Electric Co. (GE) on Friday reported a first-quarter loss of $1.15 billion, after reporting a profit in the same period a year earlier. The Boston-based company said it had a loss of 14 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 16 cents per […]

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UK pound drops as central bank chief tempers rate hike talk

LONDON — The British pound is falling from post-Brexit highs after the Bank of England’s governor tempered market expectations of another interest rate hike next month. In comments to the BBC on Thursday, Mark Carney noted some recent soft economic data, and reiterated that any interest rate rises would be gradual. He said: “I don’t […]

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Latvian bank asks US to hold off money laundering sanctions

RIGA, Latvia — Latvian bank ABLV has rejected the U.S. government’s findings that it “institutionalizes money laundering” and helps evade sanctions as “hyperbolic,” saying they refer to old practices it has now changed. ABLV was accused by the U.S. Treasury in February of encouraging money laundering, facilitating financial transactions for sanctioned entities like the North […]

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Much left to fight for beyond legalization, pot activists say as they mark 4-20

TORONTO — Cannabis activists say although this year’s 4-20 celebrations across the country will likely be the last before recreational pot use becomes legal, there’s still a lot to fight for. The federal government has committed to making marijuana legal by the summer, but the task of regulating the sale and consumption of the drug […]