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Banks Sink Deeper into Crisis on Obama's First Day

Updated: 01/20/2009 - The banking crisis took an ugly turn for the worse Tuesday. Shares of major banks plunged as investors feared that Washington's bailout efforts were stalling, potentially forcing President Barack Obama's newly installed government to take far more dramatic steps to prop up the U.S. financial system.

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IBM Sees Strong '09 Profit, but Recent Sales Down

Updated: 01/20/2009 - IBM Corp. forecast significantly higher profits for 2009 than Wall Street expected, a surprisingly bullish sign that reflects IBM's belief it can outmaneuver the financial crisis by focusing on landing high-margin services and software contracts. Shares leaped 4 percent in extended trading.

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Oil Rises to $41 Despite Grim Economic News

Updated: 01/20/2009 - Oil prices rose slightly to above $41 a barrel Wednesday in Asia despite dismal economic news that pointed to deteriorating crude demand.

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Stocks Tumble on Fresh Worries About Banks

Updated: 01/20/2009 - The dawn of the Obama presidency could not shake the stock market from its dejection over the rapidly deteriorating state of the banking industry.

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Woman Escapes Oncoming Subway Train in Washington

Updated: 01/20/2009 - A 68-year-old woman who fell onto subway tracks in Washington on Tuesday narrowly escaped an oncoming train by squeezing into a small space underneath a platform, authorities said.

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Chapman Makeover Airs Sunday

Updated: 01/20/2009 - Chapman takes center stage Sunday when ABC broadcasts ``Extreme Makeover: Home Edition.'' The program will feature construction of the Patrick Tutwiler home and Chapman's rebuilding efforts in the wake of the tornado that hit Chapman on June 11, killing one woman.

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Topekans React To Obama Inauguration

Updated: 01/20/2009 - The historic significance of Barack Obama's presidential inauguration was not lost on Topekans, many of whom attended parties throughout the city.

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Chapman Makeover Airs Sunday

Updated: 01/20/2009 - Chapman takes center stage Sunday when ABC broadcasts ``Extreme Makeover: Home Edition.''

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Mayor Resigns After Sex-Sting Arrest

Updated: 01/20/2009 - The mayor of Racine, Wis., resigned on Tuesday, days after being accused of trying to arrange a sexual encounter with someone he thought was an underage girl.

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Kenyans Toast Obama Presidency with Beer, Parties

Updated: 01/20/2009 - From the shantytowns of Kenya's capital to the rural homestead of Barack Obama's relatives, thousands of Kenyans slaughtered goats, hoisted American flags and partied into the night Tuesday as a man they see as one of their own ascended to the world's most powerful office.

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Peanut Butter Product Recall Growing

Updated: 01/20/2009 - Three more companies added products to the list Tuesday of items recalled due to concerns over salmonella-tainted peanut butter.

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Kansas Teen Pleads Guilty to False Abduction Report

Updated: 01/20/2009 - Fourteen-year-old Layla Lee of Lyons was sentenced Tuesday in Rice County to one year probation after pleading guilty to falsely reporting a crime and obstruction of official duty.

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Topeka Man Sentenced on Drug Charges

Updated: 01/20/2009 - 50-year old Michael Ross, Sr. was sentenced Tuesday for distributing crack cocaine. Investigators say Ross sold crack-cocaine to an undercover KBI agent in August 2007.

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Students Learn a New Kind of History Lesson

Updated: 01/20/2009 - Students at McEachron Elementary enjoyed their history lesson in a new way today. The entire student body watched the inauguration ceremony for President Barack Obama from 10 a.m. to 11 a.m on TV.

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Emotions Fill Washburn Inauguration Watch Party

Updated: 01/20/2009 - Millions who couldn't be at our nation's capital for the inauguration were glued to their televisions to watch history. A crowd at Washburn University for the swearing in of President Obama applauded at times and shed a few tears.

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Mich. police: Boy, 8, spent 10 days with dead mom

Updated: 01/20/2009 - ROMULUS, Mich. (AP) -- An 8-year-old boy lived for more than a week with the body of his dead mother before anyone discovered his situation, police said. The woman, 41, apparently died Jan. 9 in their apartment in the Detroit suburb of Romulus, and the boy survived in part by eating dried rice, butter and flour, authorities said.

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Boats scour icy Hudson River for US Airways engine

Updated: 01/20/2009 - NEW YORK (AP) -- Authorities using sonar in the search for the missing engine from US Airways Flight 1549 detected something about the size of the massive aircraft part deep in the frigid, murky Hudson River on Tuesday, but divers ran out of daylight before they could locate the object.

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Relationship gets official for Roberts and Obama

Updated: 01/20/2009 - WASHINGTON (AP (AP) -- Chief Justice John Roberts swore in Barack Obama as president Tuesday in the first of what could be many important interactions for the two men of differing politics who rose quickly to power. The encounter was briefly awkward after Obama stepped on Roberts' opening lines from the 35-word constitutionally prescribed oath of office. The chief justice wandered into a verbal detour of his own.

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Inaugural prayers aim for a more diverse America

Updated: 01/20/2009 - The clergy were Protestant, and so was the new head of state. But the inauguration Tuesday of President Barack Obama aimed for a much broader audience: an increasingly diverse America, where people want their beliefs acknowledged in the nation's most important ceremony. In his address, Obama referred to God and Scripture, saying, "the time has come to set aside childish things," from 1 Corinthians.

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Bush tells cheering Texans 'it is good to be home'

Updated: 01/20/2009 - MIDLAND, Texas (AP) -- Waving cardboard red, white and blue "W"s, thousands welcomed President George W. Bush and his wife on Tuesday to their post-presidential home in Texas.

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Sen. Kennedy OK after seizure at Obama's luncheon

Updated: 01/20/2009 - WASHINGTON (AP) -- Sen. Edward M. Kennedy, ill with a brain tumor, was hospitalized Tuesday but quickly reported feeling well after suffering a seizure at a post-inauguration luncheon for President Barack Obama. "After testing, we believe the incident was brought on by simple fatigue," Dr. Edward Aulisi, chairman of neurosurgery at Washington Hospital Center said in a statement released by the senator's office.

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