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Still not clear if GMAC cleared hurdle for bailout

Updated: 12/27/2008 - The financing arm of General Motors Corp. still wouldn't say on Saturday if it had met a midnight deadline to clear a final hurdle in its bid to become a bank holding company and gain access billions in federal bank bailout money.

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Hawaii island of Oahu loses power during storm

Updated: 12/27/2008 - The island of Oahu lost power during heavy rain and lightning, blacking out the population of some 800,000 people and thousands of tourists including vacationing President-elect Barack Obama.

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Stores cut prices to entice post-holiday shoppers

Updated: 12/27/2008 - Two hours before the doors were set to open Friday morning, a Miami-area Wal-Mart parking lot was full of cars — and possibility. But in a Christmas shopping season in which many Americans were unwilling to spend, even a packed lot doesn't always translate into holiday cheer for stores.

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Chinese dairies to compensate melamine victims

Updated: 12/27/2008 - Chinese dairy companies that sold melamine-tainted milk are ready to pay compensation to the families of the nearly 300,000 children who became ill or died from drinking contaminated infant formula, a state news agency reported Saturday.

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Utility doubles estimate of Tennessee ash deluge

Updated: 12/27/2008 - A burst dike at a coal-fired power plant in eastern Tennessee spilled millions more cubic yards of ash than originally estimated, officials said Friday, and residents feared the muck coating their neighborhood was endangering the area's drinking water.

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Floods could follow ice in Midwest

Updated: 12/27/2008 - Rain and rapidly rising temperatures accompanied by thick fog threatened to cause flooding Saturday in the Midwest after days of Arctic cold, heavy snow and ice.

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3 Kids, 4 Adults Killed by Philadelphia House Fire

Updated: 12/27/2008 - A duplex fire apparently caused by fuel spilling from an overfilled kerosene heater killed seven people in a basement that had only one exit, a survivor and firefighters said.

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Kennedy says 9/11, Obama Led Her to Public Service

Updated: 12/26/2008 - Caroline Kennedy emerged from weeks of near-silence Friday about her bid for a Senate seat by saying that after a lifetime of closely guarded privacy, she felt compelled to answer the call to service issued by her father a generation ago.

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Blagojevich says he's fighting for people of Ill.

Updated: 12/26/2008 - Illinois Gov. Rod Blagojevich said Friday that if what he's done as Illinois governor is an impeachable offense, he's living on the "wrong planet" and is in the "wrong place."

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Palestinian rocket misfires, kills 2 girls in Gaza

Updated: 12/26/2008 - A crude rocket fired by Palestinian militants fell short of its target in Israel on Friday, striking a house in the northern Gaza Strip and killing two schoolgirls.

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US urging calm over possible Pakistan troop moves

Updated: 12/26/2008 - U.S. officials watched with growing concern Friday as reports suggested Pakistan was massing troops to the India border. Such a move raises double-barreled worries: A possible confrontation between two nuclear powers and a shift by the Pakistani military away from battling the Taliban along its western Afghan edge.

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Kennedy says 9/11, Obama led her to public service

Updated: 12/26/2008 - Caroline Kennedy emerged from weeks of near-silence Friday about her bid for a Senate seat by saying that after a lifetime of closely guarded privacy, she felt compelled to answer the call to service issued by her father a generation ago.

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Retail gasoline prices drift to 58-month low

Updated: 12/26/2008 - Retail gasoline prices tumbled Friday to the lowest level in nearly five years. And while crude futures rose, analysts believed it was a temporary pause in an extended, downward arc as the recession spreads.

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Fla. woman claims 'Merry Christmas' got her fired

Updated: 12/26/2008 - A Christian woman claims she was fired from her job because she greeted callers with "Merry Christmas," but the vacation rental company says it's no Scrooge and the woman is just a disgruntled employee.

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Stores cut prices to entice post-holiday shoppers

Updated: 12/26/2008 - Two hours before the doors were set to open Friday morning, a Miami-area Wal-Mart parking lot was full of cars — and possibility. But in a Christmas shopping season in which many Americans were unwilling to spend, even a packed lot doesn't always translate into holiday cheer for stores.

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China targets pirates in groundbreaking mission

Updated: 12/26/2008 - Chinese warships headed toward Somali waters Friday to combat piracy, the first time the communist country has sent ships on a mission that could involve fighting so far beyond its territorial waters.

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Obamas visit aquatic park, eat shave ice on outing

Updated: 12/26/2008 - A day after spending a quiet Christmas evening at their vacation retreat, President-elect Barack Obama and his children watched a dolphin show at an aquatic park and then picked up some shave ice, a local treat.

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Calif. Teen's Family Sues Cigna Over Transplant

Updated: 12/26/2008 - The family of a 17-year-old leukemia patient has sued health insurance giant Cigna Corp. for her death in 2007 after the company initially refused to pay for a liver transplant.

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Retail Gasoline Prices Drift to 58-Month Low

Updated: 12/26/2008 - Retail gasoline prices tumbled Friday to the lowest level in nearly five years. And while crude futures rose, analysts believed it was a temporary pause in an extended, downward arc as the recession spreads.

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Storm blankets West with snow, ice glazes Midwest

Updated: 12/26/2008 - Yet another snowstorm closed highways in parts of the West on Friday, the latest in a tiring week of bad weather, and a dangerous sheet of ice in parts of the Midwest contributed to a looming flood problem.

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Santa Gunman Was in Bitter Divorce, Lost Job

Updated: 12/26/2008 - A man who carried out a Christmas Eve massacre and arson dressed as Santa at the home of his former in-laws apparently intended to flee the U.S., but his plans were dashed after the inferno he created severely burned his arms and melted his red costume onto his body, police said Friday.

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GMAC Needs to Clear Final Hurdle for Bailout Funds

Updated: 12/26/2008 - The financing arm of General Motors Corp. has until midnight Friday to clear a final hurdle in its quest to become a bank holding company, even though it already received the Federal Reserve's stamp of approval earlier this week.

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