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Xerox 4Q Profit Plunges, Misses Wall Street View

Updated: 01/23/2009 - Xerox Corp.'s fourth-quarter earnings plunged as the printer and copier maker booked hefty charges for layoffs and other restructuring costs, and the company on Friday forecast first-quarter profit below Wall Street expectations.

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China: Parents Of Milk Victims Demand Better Deal

Updated: 01/23/2009 - Chinese parents whose children were sickened after drinking contaminated milk pushed the government for greater accountability and compensation Friday, a day after a court handed down two death penalties and long prison terms for 19 other defendants.

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Rwanda Arrests Congo Rebel Leader Laurent Nkunda

Updated: 01/23/2009 - In a startling turn against its former ally, Rwanda has arrested Congo rebel leader Laurent Nkunda after he fled a joint operation launched by the armies of the two nations, military officials said Friday.

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Harley to Cut 1,100 Jobs as 4Q Profit Falls

Updated: 01/23/2009 - Harley-Davidson Inc. says it will cut 1,100 jobs over two years and scale back its operations as its fourth-quarter profit slid amid the weak motorcycle market.

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GE 4Q Profit Falls 46%, Adjusted Net Meets View

Updated: 01/23/2009 - General Electric said Friday its fourth-quarter earnings dropped 46 percent as it restructured its troubled lending arm. The news comes as the conglomerate says it expects 2009 to be "extremely difficult" amid the financial crisis.

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Wall Street Headed for Sharply Lower Opening

Updated: 01/23/2009 - Investors are set for a big sell-off on Wall Street Friday as many corporate earnings reports are falling short of estimates and the British economy has been officially declared in recession. Stock futures pointed to a sharply lower opening.

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US Approves 1st Stem Cell Study For Spinal Injury

Updated: 01/23/2009 - A U.S. biotech company says it plans to start this summer the world's first study of a treatment based on human embryonic stem cells - a long-awaited project aimed at spinal cord injury.

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World Markets Retreat Amid Growing Corporate Woes

Updated: 01/23/2009 - Asian stocks fell Friday, with Japan's benchmark tumbling almost 4 percent, as grim news about major companies like Microsoft and Sony underscored the depth of the worst global slowdown in decades.

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Obama, Lawmakers to Meet on Economic Stimulus

Updated: 01/23/2009 - Congressional leaders and President Barack Obama are having a hard time finding common ground on an economic recovery plan as Republican resistance to the stimulus package emerges in the House.

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Former Merrill Chief Thain Out at Bank of America

Updated: 01/22/2009 - John Thain resigned under pressure from Bank of America on Thursday after reports he rushed out billions of dollars in bonuses to Merrill Lynch employees in his final days as CEO there, while the brokerage was suffering huge losses and just before Bank of America took it over.

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Samsung Electronics Reports First Quarterly Loss

Updated: 01/22/2009 - Samsung Electronics, the world's largest manufacturer of flat screen televisions, memory chips and liquid crystal displays, posted its first ever quarterly loss Friday as the global economic slump hit prices and demand for mainstay products.

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Report: Toyota Mulls Cutting 1,000 Full-time Jobs

Updated: 01/22/2009 - Toyota Motor Corp. is considering cutting more than 1,000 full-time jobs in North America and the United Kingdom to cope with faltering global demand, a news report said Friday.

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John McCain to Larry King: "Obama Faces Epic Challenges"

Updated: 01/22/2009 - McCain told CNN's Larry King the new President may have acted too quickly in shutting down Guantanamo. President Obama's challenger also expressed concerns over his former rival's proposed economic stimulus package.

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Google Delivers Good-looking 4Q in Ugly Recession

Updated: 01/22/2009 - Google Inc.'s fourth quarter wasn't picture perfect, but the results looked good in an ugly recession. Although Google suffered its first-ever decline in quarterly profit because of a $1.1 billion accounting charge, the Internet search leader fared far better than its peers and proved it has the discipline to curb its free-spending ways in tough times.

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Kansas Senate GOP Sees Need for $300M in Cuts

Updated: 01/22/2009 - The Senate's Republican leaders are now looking to cut $300 million from the current state budget. The number puts education funding in their sights. Legislative researchers are projecting a deficit of $186 million and that gap must be closed by June 30.

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Scientist: New Fault Could Mean Major Ark. Temblor

Updated: 01/22/2009 - A previously unknown fault in eastern Arkansas could trigger a magnitude 7 earthquake with an epicenter near a major natural gas pipeline, a scientist said Wednesday. Haydar Al-Shukri, the director of the Arkansas Earthquake Center at the University of Arkansas at Little Rock, said the fault is separate from the New Madrid fault responsible for a series of quakes in 1811-12 that caused the Mississippi River to flow backward.

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Prayer in Kansas House Decries Abortion

Updated: 01/22/2009 - The Rev. Brian Schieber, pastor at Topeka's Most Pure Heart of Mary Catholic Church, gave a prayer in the Kansas House on the 36th anniversary of the U.S. Supreme Court's Roe v. Wade decision decrying abortion and a ``culture of death.''

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Scientists Solve Mystery: 3 Fish are all the Same

Updated: 01/22/2009 - Researchers believe they have solved the puzzle of three seemingly different fish, one all males, one all females and one all juveniles. They're the same fish, and undergo remarkable changes as they mature.

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Homemade Explosive Found at Kansas Middle School

Updated: 01/22/2009 - The Lawrence Journal-World is reporting on its Web site that a sixth-grader at Tonganoxie Middle School was showing off a homemade explosive device Thursday when a student alerted administrators. They say the student did not intend harm, but was suspended.

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Judge Orders Illinois TB Patient into Isolation

Updated: 01/22/2009 - A tuberculosis patient who failed to take precautions to avoid spreading the illness will be tracked by GPS and could go to jail if he violates court orders requiring him to remain isolated.

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