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Jane can immediately repurchase the stocks she sells, since the rule against wash selling, which means selling and then buying right back, does not apply to winning positions.
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The Bellevue, Wash, company announced Wednesday that it filed patent infringement complaints against companies like McAfee, Symantec Corp.
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But when Ed Barrie became Itron's treasurer two years ago, the treasury department was hedging against only those risks incurred by the parent company, based in Liberty Lake, Wash.
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That flood, ironically, spurred the creation of the Corps of Engineers, empowering them to create systems to guard against further calamities -- and giving them the authority to let waters flow from some levees to wash away some areas in order to spare others.
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