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ING, the Netherlands' largest bank, announced Wednesday it has sold its remaining stake in US insurance company Voya for $2 million (1.8 billion euros), closing out its US activities in the sector. Following a public offering announced late Tuesday, ING said it sold the last tranche of 32 million shares it held in Voya for $44.20 per title, garnering $285 million in profits on the $2 billion sale price. "This sale completes the divestment of ING’s US-based retirement, investment and insurance business," an ING statement said of the exit from Voya that began with an initial public offering in May 2013.
The US Justice Department said Wednesday it will not prosecute the Ferguson, Missouri police officer who shot and killed unarmed black teenager Michael Brown last August, touching off nationwide outrage. Its decision not to prosecute Darren Wilson on federal civil rights charges was issued alongside a report that faulted the police department in the St Louis suburb for systematically targeting African Americans. "Because Wilson did not act with the requisite criminal intent, it cannot be proven beyond reasonable doubt to a jury that he violated (Brown's civil rights) when he fired his weapon at Brown," the report said. The teenager's death -- on a residential street in a black-majority town with an overwhelmingly white police force -- prompted weeks of sometimes violent protests and kindled a national debate about race relations and law enforcement.