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Economy Shrinks at 3.8% Pace at End of 2008

Updated: 01/30/2009 - The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.

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Exxon Mobil Sets Record with $45.2 Billion Profit

Updated: 01/30/2009 - Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago.

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World Markets Mixed on Weak Economy, Earnings

Updated: 01/30/2009 - European markets were mixed Friday, after sharp losses in Japan, amid more dismal economic numbers and quarterly reports from leading companies like Sony and Honda showing plunging profits.

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Wall Street Appears Headed for Lower Opening

Updated: 01/30/2009 - Wall Street pointed toward a moderately lower open Friday, as investors awaited a reading on just how weak the economy was during the fourth quarter.

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Alaskans Brace For Redoubt Volcano Eruption

Updated: 01/30/2009 - Hardware stores and auto parts shops scored a post-holiday run of business this week as Anchorage-area residents stocked up on protective eyewear and masks ahead of a possible eruption of Mount Redoubt.

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Gore Hails Obama's Climate Goals Despite Crisis

Updated: 01/30/2009 - Nobel Peace Prize winner Al Gore urged President Barack Obama and other world leaders to seal a quick deal to fight global warming despite the pervasive financial crisis.

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Springsteen Promises High-Energy Halftime Show

Updated: 01/30/2009 - Anybody who thinks it's tough playing the halftime show at the Super Bowl with 150 million people watching should try serenading Barack Obama with the majestic granite visage of Abraham Lincoln staring over your shoulder.

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Family: Octuplets' Mother Has 6 Other Children

Updated: 01/30/2009 - The woman who gave birth to octuplets this week has six other children and never expected to have eight more when she took fertility treatment, her mother said.

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Many Without Food, Water Rush To Shelters' Warmth

Updated: 01/30/2009 - Residents displaced by a winter storm rested in every corner of a university theater, about 100 of them sprawled in aisles, propped in chairs, curled up on the stage.

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Economy Likely Shrank At Fastest Clip Since '82

Updated: 01/30/2009 - The country tumbled deeper into recession and probably logged its worst economic performance in a quarter-century during the final three months of last year as battered consumers and businesses throttled back spending.

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Obama Hosts Labor Leaders; Will Undo Bush Orders

Updated: 01/30/2009 - President Barack Obama is playing to one of the Democratic Party's most reliable constituencies - organized labor - reversing a number of his predecessor's executive orders that critics regard as anti-union.

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AP Exclusive: Bad Peanuts Found Before Outbreak

Updated: 01/30/2009 - Weeks before the earliest signs of a national salmonella outbreak that now has been traced to peanuts from a Georgia processing plant, peanuts exported by the same company were found to be contaminated and were returned to the United States, The Associated Press has learned.

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