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Farrakhan says Obama draws a 'oneness of spirit'

Posted: 11/10/2008 - After months of silence about his support for Barack Obama, Nation of Islam Minister Louis Farrakhan said in an address Sunday that the new president-elect has a God-given capacity to handle any burdens he'll face as the nation's leader.

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Nurse in Times Square war photo reunites with Navy

Posted: 11/10/2008 - A 90-year-old who says she's the woman being kissed by a sailor in Times Square in one of World War II's most famous photographs reunited in town with the Navy on Sunday - days before she is to serve as grand marshal of the city's Veterans Day parade.

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Titans keep winning, Lions keep losing

Posted: 11/10/2008 - The status quo remained unchanged. The surging Tennessee Titans keep winning, and the listless Detroit Lions keep losing. Kerry Collins threw for 289 yards and two touchdowns, and Tennessee beat the Chicago Bears 21-14 Sunday to stay perfect through nine games - despite rushing for just 20 yards, a franchise-low for a team that had been third in the league.

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Man questioned in Hudson case to stay in prison

Posted: 11/10/2008 - A parole review official on Monday refused to release the convicted felon questioned in the killings of Jennifer Hudson's mother, brother and nephew, after a witness reported seeing him with a gun similar to the one used in the slayings.

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Courthouse shooter's death penalty trial begins

Posted: 11/10/2008 - ATLANTA, Georgia (AP) -- The penalty phase has begun to determine whether Brian Nichols should live or die for killing four people in a 2005 shooting rampage that began at the Fulton County Courthouse in Atlanta, Georgia.

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Government provides record aid package to AIG

Posted: 11/10/2008 - In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.

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Obama planning US trials for Guantanamo prisoners

Posted: 11/10/2008 - WASHINGTON – President-elect Obama's advisers are quietly crafting a proposal to ship dozens, if not hundreds, of imprisoned terrorism suspects to the United States to face criminal trials, a plan that would make good on his promise to close the Guantanamo Bay prison but could require creation of a controversial new system of justice.

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Deutsche Post to cut 9,500 jobs in US

Posted: 11/10/2008 - German mail and logistics company Deutsche Post AG will cut 9,500 jobs at its DHL unit in the U.S. and eliminate U.S.-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.

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Black churchgoers celebrate, give thanks for Obama's win

Posted: 11/10/2008 - RALEIGH, North Carolina (AP) -- Pastor Shirley Caesar-Williams opened her sermon Sunday at Mount Calvary Word of Faith Church with a prayer of thanks for the election of Barack Obama -- at the risk of her flock getting "more excited over this than you do over the word."

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New Iraq pact rules out US troops past 2011

Posted: 11/10/2008 - The proposed U.S.-Iraqi security pact removes language authorizing Iraq to ask U.S. soldiers to stay beyond 2011 and bans cross-border attacks from Iraqi soil, according to a copy of the draft obtained Monday by The Associated Press.

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New Iraq Pact Rules Out US Troops Past 2011

Posted: 11/10/2008 - The proposed U.S.-Iraqi security pact removes language authorizing Iraq to ask U.S. soldiers to stay beyond 2011 and bans cross-border attacks from Iraqi soil, according to a copy of the draft obtained Monday by The Associated Press.

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More Voting Problems in Crawford Co.

Posted: 11/10/2008 - Then officials found another glitch while testing all county machines on Saturday. The problem was with a machine that recorded votes in Arma and could affect the outcome of a local sales tax question.

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Legendary singer Makeba dies after collapsing on stage

Posted: 11/10/2008 - JOHANNESBURG, South Africa (AP) -- Miriam Makeba, the South African singer who wooed the world with her sultry voice but was banned from her own country for more than 30 years under apartheid, died after collapsing on stage in Italy. She was 76.

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Study: Cholesterol drugs could help those with healthy levels

Posted: 11/10/2008 - (CNN) -- Healthy men and women with good cholesterol levels could significantly reduce their risk of heart disease by taking cholesterol-lowering drugs, better known as statins, according to a study released Sunday.

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2 explosions in northern Baghdad kill at least 28

Posted: 11/10/2008 - A suicide bomber struck Monday in a crowd gathered at the site of an explosion that moments earlier had damaged a bus filled with schoolgirls, with both blasts killing at least 28 people and wounding 68 others, authorities said.

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Circuit City files for bankruptcy protection

Posted: 11/10/2008 - NEW YORK (AP) -- Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday shopping season approaches. It filed under Chapter 11 of the bankruptcy code, which will allow it to hold off creditors and continue operations while it develops a reorganization plan. The Richmond, Va.-based company has been struggling as nervous consumers spend less and credit has become tighter, and the retail industry overall is facing what's expected to be the weakest holiday season in decades. Circuit City also said it would cut 700 more jobs, after announcing a week ago that it would close 20 percent of its stores and lay off thousands of workers. "This isn't a surprise," JPMorgan analyst Christopher Horvers said, adding that the reorganization could help the company get out of leases for certain bad store locations. Circuit City, which has had only one profitable quarter in the past year, has faced significant declines in traffic and heightened competition from rival Best Buy Co. and others. It said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday season. "At the end of the day I think it's really about an inventory position," Horvers said. "If they can get inventory into the stores, I can think they'll remain competitive." The company's biggest creditors are its vendors: Hewlett-Packard has a $118.8 million claim followed by Samsung ($115.9 million), Sony ($60 million), Zenith ($41.2 million), Toshiba ($17.9 million) and others. Smaller creditors include GPS navigation system maker Garmin, Nikon, Lenovo, Eastman Kodak and Mitsubishi. Horvers added, "I think it's encouraging that they were able to secure financing." Circuit City said it had lined up $1.1 billion in loans to provide working capital while it is in bankruptcy protection. That replaces a $1.3 billion asset-backed loan it had been using. Loans to operate while in bankruptcy are called debtor-in-possession, or DIP, loans. "That's a big DIP in the current market," said John Penn, a partner at Haynes & Boone who is not involved in the case. "To secure that size DIP now is quite a achievement. With the news of the cuts last week - and vendors wanting to know they can get paid - having a recognizable source like a DIP can calm a lot of vendor concerns." The company said in its filing that it had $3.4 billion in assets and $2.32 billion in liabilities, as of Aug. 31. Circuit City Stores Inc. announced a week ago it planned to close 155 of its more than 700 U.S. stores by Dec. 31. The stores are spread throughout 28 states, including multiple locations in areas like Phoenix and Atlanta. It is laying off about 17 percent of its domestic work force, which could affect up to 7,300 people. The company also said last week that it will further cut back on new store openings and planned to work with landlords to renegotiate leases, lower rent or terminate agreements while it dealt with tightening credit from its vendors. Circuit City posted a wider second-quarter loss in September with a 13 percent decline in sales at stores open at least a year. The company has been under new leadership since late September when Chief Executive Philip J. Schoonover agreed to step down. He was replaced by James A. Marcum, who is now vice chairman and acting president and chief executive. Shares in Circuit City have traded under $1 for more than a month and the company received a warning about that last month from the New York Stock Exchange.

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Wall Street opens higher after China stimulus

Posted: 11/10/2008 - NEW YORK – Wall Street rose in early trading Monday, boosted by China's $586 billion stimulus package, a move that investors believe will help ease the global economic downturn.

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Government provides new aid to AIG

Posted: 11/10/2008 - WASHINGTON – The government on Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership.

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Obama planning US trials for Guantanamo detainees

Posted: 11/10/2008 - President-elect Obama's advisers are quietly crafting a proposal to ship dozens, if not hundreds, of imprisoned terrorism suspects to the United States to face criminal trials, a plan that would make good on his promise to close the Guantanamo Bay prison but could require creation of a controversial new system of justice.

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Deutsche Post to cut 9,500 jobs in US

Posted: 11/10/2008 - FRANKFURT, Germany – Deutsche Post AG will close all of its DHL Express service centers in the U.S., cut 9,500 jobs there and eliminate U.S.-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.

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Obama to get his first look at the Oval Office

Posted: 11/10/2008 - Barack Obama has never set foot in the Oval Office. Talk about making an entrance. In a sit-down discussion Monday with President Bush, the president-elect will get his first feel for the place where momentous decisions will soon fall to him.

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Circuit City files for bankruptcy protection

Posted: 11/10/2008 - NEW YORK – Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday shopping season approaches.

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Obama to get his first look at the Oval Office

Posted: 11/10/2008 - WASHINGTON – Barack Obama has never set foot in the Oval Office. Talk about making an entrance. In a sit-down discussion Monday with President Bush, the president-elect will get his first feel for the place where momentous decisions will soon fall to him.

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