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Oil Prices Surge Ahead Of Driving Season

Posted: 05/09/2008 - Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Meanwhile, on the eve of the U.S. driving season, gas prices rose above an average $3.67 a gallon at the pump, following oil's recent path higher.

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March trade deficit drops by bigger-than-expected amount

Posted: 05/09/2008 - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.

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Man Crashes At Driveway, Sees Home Catch Fire, Gets Ticket

Posted: 05/09/2008 - A Rock Island man whose car was hit as he tried to make a left turn into his driveway saw his home going up in flames as he was airlifted to the hospital. Tennessee Highway Patrol officer Monte Terry said Justin Hill, 42, was hit by an oncoming car when he pulled into its path on Tuesday evening.

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Auto parts supplier Delphi reports wider loss

Posted: 05/09/2008 - Auto parts maker Delphi Corp. reported on Friday that it lost more money in the first quarter than it did a year ago, but that an increased credit line will still allow it to emerge from bankruptcy protection intact.

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Obama Picks Up 5 Superdelegates, Union Endorsement

Posted: 05/09/2008 - Barack Obama all but erased Hillary Rodham Clinton's once-imposing lead among national convention superdelegates on Friday and won fresh labor backing as elements of the Democratic Party began coalescing around the Illinois senator for the fall campaign.

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Texas May Claim Amazon Owes Sales Taxes

Posted: 05/09/2008 - Texas officials may claim that owes millions in sales taxes on purchases that state residents made from the Internet retailer.

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Russia Puts Tanks And Missiles Back In Red Square Parade

Posted: 05/09/2008 - Russia showcased its military might and youthful new president to the world Friday, as heavy tanks and missile launchers rumbled across Red Square in a Victory Day parade for the first time since the Soviet era.

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