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Oil Prices Fall Below $45; Market Looks to OPEC

Updated: 12/12/2008 - Oil prices fell below $45 a barrel Friday in reaction to news that a $14 billion emergency bailout for U.S. automakers had collapsed in the Senate, raising more fears for the U.S. economy.

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World Markets Plunge as US Auto Bailout Fails

Updated: 12/12/2008 - World stock markets plunged Friday as the U.S. Senate's rejection of a $14 billion deal to rescue Detroit's ailing automakers stoked concerns that the recession in the world's largest economy will be even longer and deeper than projected.

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Bailout Dead, Automakers Search For A Lifeline

Updated: 12/12/2008 - Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse.

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FDIC Chief Sheila Bair Sees Housing Pain into 2010

Updated: 12/11/2008 - FDIC Chairman Sheila Bair says the credit market has to revive and government rescue programs must have time to make an impact. Bair says regulators are bracing for a difficult year ahead.

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Study: Bone Drug Helps Chemo Fight Breast Cancer

Updated: 12/11/2008 - New research adds fresh hope that a drug that strengthens bones might also fight breast cancer. Women who were given the drug, Zometa, as part of their initial treatment had greater tumor shrinkage and were less likely to need radical surgery, according to a preliminary study reported Thursday at a cancer conference in Texas.

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Ex-Nasdaq Chair Arrested on Fraud Charge in NYC

Updated: 12/11/2008 - A former Nasdaq stock market chairman was arrested on a securities fraud charge Thursday, accused of running a fraudulent investment business that lost at least $50 billion before he confessed to senior employees it was a "giant Ponzi scheme," authorities said.

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BofA Plans up to 35,000 Job Cuts in Next 3 Years

Updated: 12/11/2008 - In this Nov. 25, 2008 file photo Pedestrians walk through New York's Times Square under a glowing Bank … NEW YORK – Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.

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Court Date Set for Clay Center Shooting Suspect

Updated: 12/11/2008 - A preliminary hearing has been set for the man accused in a shooting last week. The Clay County's Sheriff's Office says a tip from a 13 News viewer led to the arrest of 41-year-old Tracy Hackney.

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Dozens Killed In Iraq Suicide Blast

Updated: 12/11/2008 - The death toll is nearing 60 after an explosion at a restaurant hosting political negotiations in northern Iraq.

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Boeing Restructures Commercial Aircraft Ops

Updated: 12/11/2008 - Boeing Co. says it's restructuring its commercial aircraft business to improve development and production and strengthen oversight of its global supply chain.

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U.S. Transportation Secretary: Motorists Safer than Ever

Updated: 12/11/2008 - U.S. Transportation Secretary Mary Peters spoke Thursday at the Johnson County Community College campus in Overland Park. She said traffic fatalities to this point in 2008 are down 10 percent from where they were a year ago at this time.

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Judge Certifies Second Sprint Case as Class-Action

Updated: 12/11/2008 - U.S. District Judge John Lungstrum on Wednesday certified the case against Sprint Nextel as a class-action. The lawsuit was filed by four current and former employees of Sprint's Business Direct Channel.

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Decision on Kansas Coal Plants Upheld

Updated: 12/11/2008 - A regulator's decision blocking two coal-fired power plants in southwest Kansas has been upheld in an administrative appeal. Sunflower Electric says the decision should clear the way for a Kansas Supreme Court review.

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Illinois Lt. Governor: Start the Impeachment Now

Updated: 12/11/2008 - Illinois Lt. Governor Pat Quinn urges lawmakers in Springfield to start impeachment proceedings against Gov. Rod Blagojevich next week.. then Quinn wants to name Barack Obama's successor.

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