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2008 financial crisis. That lent credibility to its tough-talking CEO, Jamie Dimon, as he opposed stricter regulation in the aftermath.
• But Dimon's contention that the $2 billion loss came from a hedging strategy that backfired, not an opportunistic bet with the bank's own money, faced doubt on Friday, if not outright ridicule.
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Jurors say Hudson's stardom no factor in convicting ex-in-law for killing mom, brother, nephew
• CHICAGO (AP) -- Jurors shrugged off Jennifer Hudson's star status and insisted it played no role in their decision to convict her former brother-in-law for slaying the Oscar winner's mother, brother and nephew -- a verdict that means the 31-year-old Chicago man will likely spend the rest of his life behind bars.
• "This wasn't about her," juror Jacinta Gholston told reporters Friday evening. "It was a case about William Balfour."
• Balfour, a former gang member, was convicted on three counts of first-degree murder. He faces a mandatory life prison sentence. Illinois no longer has a death penalty.
• Just an hour before their verdict, the jury of 12 sent a note to the judge saying three panelists still weren't convinced of Balfour's guilt. Prosecutors said Balfour shot dead Hudson's family members in an act of spite after his estranged wife at the time, Hudson's sister, Julia Hudson, refused to reconcile.
• As the verdict was read, Jennifer Hudson, sitting on a fourth-row bench, bit her lip, tears streaming down her cheeks. A minute later, she looked over at her sister and smiled.
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Maritime tensions with China bonds Philippines closer to US but brings its own risks
• WASHINGTON (AP) -- China's assertive behavior is breathing life into America's historically tumultuous relationship with the Philippines.
• With Washington turning its attention more to the Asia-Pacific region, the U.S. and the Philippines last week held the first joint meeting of their top diplomats and defense chiefs. The U.S. increased military aid and resolved to help its ally on maritime security.
• The steps came with the Philippines locked in a standoff with China over competing territorial claims in the South China Sea that has stoked passions on both sides. (Continued on page 33)
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