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French bank Societe Generale agrees to pay $1.3 billion for sanctions violations
Michael Brochstein/SOPA Images/LightRocket via Getty Images (NEW YORK) -- Federal prosecutors in New York charged French investment bank Societe Generale with conspiring to violate the Trading with the Enemy Act for processing billions of dollars in transactions for Cuban banks. Societe Generale agreed to pay a $1.3 billion fine as part of a deferred prosecution agreement. The amount represents one of the largest penalties ever imposed on a financial institution for violating U.S. sanctions, according to federal prosecutors. Between 2004 and 2010 prosecutors said Societe Generale arranged $13 billion in transactions that should have been rejected, blocked or stopped for...
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Girlboss panelists discuss the top career mistakes women make and how to avoid them
Hannah Bronfman at the Girlboss Rally. Cindy Ord/Getty Images for GirlBoss Rally NYC 2018 (NEW YORK) -- Over a 1,000 women from 31 countries gathered in New York City this weekend for the GirlBoss Rally, a two-day women's career and networking conference organized by Sophia Amoruso's Girlboss platform.The GirlBoss Rally featured panels on topics ranging from equal pay, building confidence and how to build a side hustle. Female leaders including Arianna Huffington, Brooklyn Decker, actress and co-founder of Finery, and Rent the Runway co-founder Jennifer Hyman, were on hand to answer questions. The goal: to galvanize a community of women...
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Amazon to start delivering fresh, full-sized Christmas trees
iStock/Thinkstock (NEW YORK) -- Starting Monday you can not only order all your holiday presents on Amazon, but also get a full-sized, fresh Christmas tree delivered to your doorstep as well.The tech site CNET and Good Morning America got a first look at the process.“Everything is easy to order on Amazon, so I think it makes a lot of sense for people who are already doing a lot of shopping on Amazon,” Sharon Profis, the executive editor at CNET, told GMA.At the CNET Smart Home in San Francisco, the tree from Amazon was delivered by a courier, and came in...
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Nissan chairman, representative director arrested on fraud charges
Nissan (TOKYO) -- Nissan Motor's chairman and another top executive have been arrested in Japan on fraud charges.In a statement Monday, Nissan said an internal investigation found that for several years its chairman, Carlos Ghosn, and representative director, Greg Kelly, “have been reporting compensation amounts in the Tokyo Stock Exchange securities report that were less than the actual amount, in order to reduce the disclosed amount of Carlos Ghosn's compensation.”“Also, in regards to Ghosn, numerous other significant acts of misconduct have been uncovered, such as personal use of company assets, and Kelly's deep involvement has also been confirmed,” the automaker...
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Target, Macy's and Old Navy among stores open on Thanksgiving, Black Friday
iStock/Thinkstock (NEW YORK) -- If you're more committed to stuffing your shopping bag than your face, then check out all the stores open on Thanksgiving and Black Friday below.Turkey day hours can get confusing with special doorbuster deals bleeding into Black Friday, so make sure to check your store's location to see if it will remain open between the two days.Bass Pro ShopsThanksgiving Day: 8 a.m. - 6 p.m.Black Friday: 5 a.m. - 11 a.m.BelkThanksgiving Day: 4 p.m. - 1 a.m. FridayBlack Friday: 6 a.m. - 10 p.m.Best BuyThanksgiving Day: 5 p.m. - 1 a.m. FridayBlack Friday: 8 a.m. -...
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Generation Y can't even with "Monopoly for Millenials"
iStock/Thinkstock (NEW YORK) -- Monopoly is targeting millennials and actual millennials are sounding off.On the box, Mr. Monopoly appears to be snapping a selfie while wearing a participation award and ear buds. The mascot is also holding some sort of coffee drink, arguably poking fun at millennials' love for lattes.The board includes "Bike Share" spaces and no real estate available for purchase -- presumably due to the game's tagline: "No real estate. You can't afford it anyway."Hasbro released this version of the board game earlier this year but, recently, Millennials have been expressing feelings via Twitter.One posted, "Can you provide...
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Michael Bloomberg donates $1.8 billion donation to Johns Hopkins University
Bill Pugliano/Getty Images (NEW YORK) -- Billionaire businessman and philanthropist Michael Bloomberg is donating $1.8 billion to his alma mater, Johns Hopkins University, in an effort to help lower and middle income students gain access to college. The donation, the largest contribution ever made to an education institution in the U.S., will be devoted exclusively to undergraduate financial aid, according to a joint press release by Johns Hopkins and Bloomberg's charitable organization, Bloomberg Philanthropies. As a direct result of the endowment, Johns Hopkins will be able to permanently commit to "need-blind admissions," which will admit the highest-achieving students from all...
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New definition of kilogram ditches old metal object for natural constants
iStock/Thinkstock (PARIS) -- Scientists from 60 countries voted in a historic event in Versailles, France on Friday to change the definition of the kilogram, basing it on electric currents rather than a single solid object. The decision, made at the General Conference on Weights and Measurements, will retire the object known as "Le Grand K," a small cylindrical ingot made of platinum-iridium that has been used for more than 130 years to define a kilogram. Le Grand K is stored at the International Bureau of Weights and Measurement in a vault, where it stands within three bell jars. Three keys...
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'Monopoly for Millennials' causes outrage among Generation Y on Twitter
Hasbro (NEW YORK) -- Monopoly is targeting millennials and actual millennials are sounding off.Hasbro released this version of the board game earlier this year, but recently, Gen Y has been expressing feelings via Twitter."Whoever has the most debt gets to go first," one tweeted. @Hasbro Can you provide the URL for the Hasbro-official website featuring "Monopoly for Millennials," where you trash on my age demographic because baby boomers caused an economic catastrophe that rendered us financially impotent for a decade? Thanks! pic.twitter.com/wmm0WQwnld — Steven Briggs (@TrnDaBeatAround) November 11, 2018 “Whoever has the most debt gets to go first” #MonopolyforMillennials pic.twitter.com/cmEz0N7v4g...
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Facebook CEO under fire over planted stories, Russian meddling
Facebook (NEW YORK) -- Facebook CEO Mark Zuckerberg hunkered down and attempted to defend his leadership of the social media giant amid reporting that detailed how the company failed to effectively combat fake news and Russian political meddling.The accusations were detailed in a year-long investigative report, "Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis" published by the New York Times on Wednesday.One of the more damaging aspects of the Times report was that Facebook hired a Republican-linked D.C. consulting firm to plant negative stories about Facebook's competitors and critics. The move seemingly contradicts the company's public claims that...
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Gas prices plunge ahead of Thanksgiving
iStock/Thinkstock (NEW YORK) -- If you plan to hit the road this Thanksgiving, there’s something to be thankful for: lower gas prices.The national average for a gallon of regular unleaded gas is down to $2.65 -- that’s a drop of 23 cents from a month ago. In some states -- like Missouri, Oklahoma, Ohio, Louisiana and Texas -- drivers may even be able to find gas below $2 a gallon.Gas prices are expected to continue dropping into the Thanksgiving holiday, when 54 million Americans are expected to hit the road. Copyright © 2018, ABC Radio. All rights reserved.
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Flying over the Thanksgiving holiday? You could help set a record
iStock/Thinkstock (NEW YORK) -- More than 30.6 million people across the country are expected to fly during the Thanksgiving holiday this year and it could set a record.The current record was set when an estimated 29 million passengers flew during the 2017 travel period, which this year spans from Friday, Nov. 16 through Tuesday, Nov. 27.Transportation and security officials have said they are prepared for the rush, but travelers should expect increased crowds throughout the 12-day period. The Sunday after Thanksgiving is projected to be the busiest when an estimated 3.06 million passengers will take to the skies, according to...
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