Trump endorses U.S. House prison reform bill

WASHINGTON (Reuters) – President Donald Trump endorsed a bipartisan U.S. House bill on Wednesday intended to reform the federal prison system and help inmates prepare for life after release, but the legislation faces an uncertain future in the Senate. The First Step Act, co-sponsored by Republican Doug Collins of Georgia and Democrat Hakeem Jeffries of New York, passed overwhelmingly in […]

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US state spending exceeds $2 trillion in fiscal 2018

U.S. state spending topped $2 trillion for the first time in fiscal 2018, with Medicaid expenditures rising the most along with a significant increase in transportation spending, according to a report released on Thursday. Total expenditures grew an estimated 4.8 percent compared to 3.8 percent in fiscal 2017, the National Association of State Budget Officers’ (NASBO) annual state expenditure report […]

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Swiss competition watchdog probes suspected payment systems boycott

ZURICH (Reuters) – Switzerland’s competition watchdog WEKO said it had searched offices of Swiss financial companies including Credit Suisse (CSGN.S) and UBS (UBSG.S) as it probes a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay. The probe targets Aduno Holding, Postfinance, Swisscard AECS GmbH and Swiss units of Credit Suisse and UBS, WEKO said on Thursday. […]

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Florida Department of State requests investigation into altered voter forms

As vote counting and recounting continues in Florida, the state’s election authority said Wednesday that it had requested a federal investigation into altered voter forms. Interested in Midterm Elections? The forms, which by-mail voters use to correct problems with signatures accompanying their ballots, appeared to have instructed voters to return them late. The Florida Department of State asked U.S. attorneys […]

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Florida asks US to investigate ‘irregularities’ as state races toward recount deadline

Deadline looms for Florida recount Broward County election supervisor Brenda Snipes confident the deadline will be met; Griff Jenkins reports from Broward County, Florida. Florida election officials asked federal prosecutors to look into allegations state Democrats sent faulty forms to voters in four counties that could have resulted in mail-in ballots being disqualified, Fox News confirmed Wednesday. A top attorney […]

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Uber posts $1 billion loss in quarter as growth in bookings slows

SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. The San Francisco-based firm lost $1.07 billion for the three months […]

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Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Wednesday said it had taken stakes in JPMorgan Chase & Co (JPM.N), Oracle Corp (ORCL.N) and Travelers Cos (TRV.N), as the conglomerate puts some of its large cash hoard to work. As of Sept. 30, Berkshire owned about $4.02 billion of stock in JPMorgan, the largest U.S. bank by assets, where […]

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