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CarMax 2Q Earnings Plunge on Weak Vehicle Sales

Updated: 10:30 AM Auto retailer CarMax Inc. said Monday its 2nd earnings plunged 78% as a weak economy and high gasoline prices hurt its sales. The results were worse than expected and its shares fell about 3% in morning trading.

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Missouri Parents Warned about Hosting Underage Drinkers

Updated: 10:25 AM Parents in St. Charles County are being warned against hosting underage drinkers in the home. Healthy Communities says a study by the University of Missouri-Columbia School of Medicine found a higher rate of underage drinking in that eastern Missouri county than in the state and nation.

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Run-D.M.C., Metallica Nominated for Rock Hall

Updated: 10:21 AM Run-D.M.C. could "Walk This Way" into the Rock and Roll Hall of Fame. The 1980s rap act, along with Metallica and the Stooges are among the nine nominees for next year's hall of fame class, the Rock and Roll Hall of Fame Foundation announced Monday.

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Stocks Fall as Investors Await Bank Bailout Plan

Updated: 10:19 AM Wall Street fell in early trading Monday as investors nervously awaited further news about the government's plan to buy $700 billion in banks' mortgage debt. The Dow Jones industrials were down more than 150 points while the credit markets remained nervous, but not showing the signs of panic that Treasury trading saw last week.

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Tom Hanks among Celebs who Pack Emmy Afterparties

Posted: 9:28 AM Accepting hugs left and right and clutching his best miniseries trophy for HBO's "John Adams," Tom Hanks made one thing clear at the premium cable network's packed Emmy afterparty: He's not a partier.

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European Tourists are Kidnapped in Egypt

Updated: 9:26 AM A group of 11 European tourists and four Egyptians were kidnapped during an adventure safari to one of the remotest sites in Egypt deep in the Sahara desert and were taken across the border into neighboring Sudan, officials said Monday.

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Bush, Congress Exchange Views on Relief Bill

Updated: 9:22 AM President Bush and leading Democrats differed Monday on just how quickly Congress should pass legislation stabilizing the country's troubled financial system.

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Stocks Open Lower after Bank Bailout Plan

Updated: 9:17 AM Wall Street fell in early trading Monday as investors nervously await further news about the government's plan to buy $700 billion in banks' mortgage debt.

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Wall St.'s Remaining Giants Change Status

Updated: 2:38 PM The last two major investment banks, Goldman Sachs and Morgan Stanley, transform themselves into bank holding companies, a change that will allow the two giants to take deposits.

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Democrats Urge Caution on Financial Legislation

Updated: 7:46 AM Leading congressional Democrats called Monday for a cautious, deliberative approach to stabilizing troubled financial markets as lawmakers confronted this vexing issue with an election-year recess drawing near.

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China's Food Safety Watchdog Boss Steps Down

Posted: 7:41 AM The head of China's product quality watchdog resigned Monday in the wake of the tainted baby formula scandal that has sickened nearly 53,000 infants, highlighting a breakdown in the country's food safety system only a year after a major overhaul.

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Russian Navy Ships Head To Maneuvers in Venezuela

Updated: 7:32 AM A Russian navy squadron set off for Venezuela Monday, an official said, in a deployment of Russian military power to the Western Hemisphere unprecedented since the Cold War.

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'Mad Men' And '30 Rock' Win Top Emmy Awards

Updated: 6:10 AM Millions watched "Mad Men" make history on ABC as basic cable's first show to win a best drama award at the 60th annual Primetime Emmy Awards. Way up the tuner on AMC, a tiny sliver of that audience watched the most recent "Mad Men."

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World Stocks Rise on Proposed US Bailout

Updated: 5:49 AM Global markets rose Monday after the U.S. government proposed a $700 billion plan to solve the world financial crisis by rescuing banks from billions of dollars in risky mortgage debt.

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Last Major Investment Banks Change Status

Updated: 5:47 AM The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies.

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Poll

Even though Afghanistan is taking another big step to winding down American involvement, do you believe women should be allowed on the front lines in combat?

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