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Business news in brief

Posted: December 14, 2012 at 1:48 a.m.

QUOTE OF THE DAY “We’re off to a fairly strong holidayspending season.” Millan Mulraine, senior U.S. strategist for TD Securities in New York Article,1D

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Business, Pages 26 on 12/14/2012

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Bank HSBC to pay $1.9 billion in fines

HSBC showed a “stunning, stunning failure” to monitor itself, Lanny Breuer, assistant attorney general of the Justice Department’s criminal division, said Tuesday.

American authorities on Tuesday cited “astonishing” dysfunction at HSBC after the British bank agreed to pay $... Read »

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NEWS IN BRIEF

2 TAC terminals go under new control TAC Energy, a division of Dallas-based Truman Arnold Cos., has transferred control of its North Little Rock and Caddo Mills, Texas, ter... Read »