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Obama administration officials today announced a proposed $1.25 billion settlement to resolve racial discrimination claims by potentially tens of thousands of black farmers who were denied equal.
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· Bank of America posts .2 billion loss. bank of America BAC, -0.34% said its net loss applicable to common shareholders was $2.24 billion, or 26 cents a share, in the third quarter, compared to a profit of $704 million, or 15 cents a share, a year ago.. Citigroup also noted its effective tax rate fell to 24 percent in the third quarter from 31 percent a year earlier.
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