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U.S. fines Bank of America for firing whistleblower

NEW YORK — US authorities on Wednesday ordered Bank of America to pay $930,0000 to an employee who was fired after exposing fraud at the bank’s disgraced mortgage unit, Countrywide Financial. The US Labor Department said in a statement that the employee was illegally fired after he led “internal investigations…

U.S. weekly jobless numbers surge

Initial US weekly jobless claims surged to 417,000 last week, dimming hopes of an imminent recovery in the jobs market, the US Labor Department said on Thursday. New claims for unemployment insurance rose in the week to January 20 from a revised 412,000 the previous week, well above the four-week…