New Hampshire Business Newsreel
NEW YORK — JPMorgan Chase & Co will pay more than $2 billion of penalties to settle charges by U.S. federal authorities that it failed to report suspicious activity involving Bernard Madoff’s Ponzi scheme.
As part of the deal, JPMorgan is admitting to a laundry list of failures to explore red flags it found. This led to the government’s conclusion that it violated laws requiring it to monitor customer activity for money laundering during its two-decade relationship with Madoff, authorities said on Tuesday.
CONCORD — Network New Hampshire Now (NNHN), a collaboration of public and private partners from across the state and led by the University of New Hampshire, plans to mark the completion of a statewide broadband expansion project from 9 to 11 a.m. Friday at the UNH School of Law in Concord on Friday.
The group plans to discuss the project’s impact on education, business, transportation, public safety, residents, community anchor institutions and other entities across the state.
GE to buy some Thermo Fisher assets for $1.06 billion
The purchase of the cell culture, gene modulation and magnetic beads units will let Fairfield, Conn.-based GE bolster technologies for the discovery and manufacture of new medicines, vaccines and diagnostics, according to a company statement Monday.
Executives released after “boss-napping”
PARIS — French trade unionists released two executives on Tuesday after holding them for more than 24 hours at the country’s Goodyear tire plant to demand higher pay-outs for more than a thousand planned layoffs.
Subscribe for FREE!
Union Leader Business Newsletter
Cooperative has 1,230 without electricity
Taken for a ride: Hooksett’s Pinkerton deal
Manchester schools project budget surplus