These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a contribution expense, a legal settlement charge, and the associated tax impact of these items, where applicable.

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Since then, the problems and expense of reinventing foreign-exchange settlement have often seemed greater than the putative benefits.

ECONOMIST: Foreign exchange

He said he was open to the idea of Wales raising some of the money it spends but "it must not be at the expense of a needs-based settlement which is vital for Wales".

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