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Business Buzz

The Daily Record's business blog

Hopkins board votes to divest from coal

Under proposed legislation, some schools' investment earnings would be taxed at a rate of 1.4 percent.
Currently, that criteria would apply to Johns Hopkins University, whose Homewood campus is shown here, as well as Goucher College and Washington College. (The Daily Record / Maximilian Franz)

The Johns Hopkins University Board of Trustees voted Friday to divest from separately managed investments in thermal coal, the school announced Tuesday. The vote bars Hopkins from purchasing stocks or bonds of companies that earn more than 35 percent of their ...

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