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Ex-Pa. sen.: Lawyers advised on e-mail destruction

Updated: 02/12/2009 - A former Pennsylvania state senator on trial for corruption charges says he relied on his lawyers for advice about what e-mails he could destroy amid the FBI investigation.

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Cuomo blasts Merrill executives on bonus plan

Updated: 02/12/2009 - New York Attorney General Andrew Cuomo laid out further details Wednesday about $3.6 billion in bonuses Merrill Lynch & Co. executives received, calling the investment bank's executives irresponsible.

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Federal regulator urges foreclosure halt

Updated: 02/12/2009 - A federal regulator on Wednesday urged more than 800 thrift institutions to suspend all foreclosures while the Obama administration develops plans to keep borrowers in their homes.

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Justice Dept. to probe Ticketmaster deal

Updated: 02/12/2009 - The Justice Department will investigate the proposed merger of ticketing giant Ticketmaster Entertainment Inc. with Live Nation Inc. to see if the combined company would create an unfair monopoly in the ticket-selling business.

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Senators skeptical on bank rescue's price tag

Updated: 02/12/2009 - Lawmakers on Wednesday urged Treasury Secretary Timothy Geithner to provide more details on how much taxpayer money the Obama administration's bank rescue plan ultimately will cost.

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Activists push for offshore energy drilling ban

Updated: 02/12/2009 - Environmental advocates urged Congress on Wednesday to reinstate the broad moratorium on offshore oil drilling, but a key congressman said on that issue, "The ship may have already sailed."

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Peanut company owner refuses to testify

Updated: 02/12/2009 - The owner of a peanut company blamed for a salmonella outbreak has appeared before a House subcommittee, but is refusing to testify.

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Ex-Ill. fundraiser pleads not guilty to corruption

Updated: 02/12/2009 - Former Gov. Rod Blagojevich's one-time chief fundraiser has pleaded not guilty to federal corruption charges involving multimillion-dollar construction contracts at Chicago's O'Hare International Airport.

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Bankers vow to work to reform financial system

Updated: 02/12/2009 - Facing an angry public and Congress, major bank CEOs agreed Wednesday with lawmakers' demands for better government cooperation and public relations in their first testimony on the $700 billion bailout.

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Trade deficit drops to $39.9B; lowest in 6 years

Updated: 02/12/2009 - The U.S. trade deficit fell to the lowest level in nearly six years in December as the recession depressed demand for imports. The trade deficit in 2008 fell for a second straight year and economists expect an even bigger decline this year.

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Mass. wants to halt fund associated with Madoff

Updated: 02/12/2009 - Massachusetts Secretary of State William Galvin took the first steps Wednesday to stop a company that he calls a "feeder fund" for Bernard Madoff from doing business in the state.

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Toronto Star names Michael Cooke editor

Updated: 02/12/2009 - Michael Cooke, the current editor-in-chief of the Chicago Sun-Times, is leaving the newspaper to become editor of the Toronto Star, Canada's largest newspaper, beginning March 1.

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Obama: Caterpillar will rehire if stimulus passes

Updated: 02/12/2009 - President Barack Obama said Wednesday that heavy-equipment maker Caterpillar has informed him it will rehire some of the thousands of workers it has laid off in recent weeks if Congress passes an economic stimulus bill.

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Negotiations intensify on final stimulus plan

Updated: 02/12/2009 - Negotiators for Congress and the White House have tentatively settled on a $790 billion price tag on President Barack Obama's economic stimulus bill and have restored some the Senate cut from school repair and state aid.

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Police, divers search neighborhood for Fla. girl

Updated: 02/12/2009 - Sheriff's deputies in northern Florida are searching house-to-house for a 5-year-old girl who went missing from her bed. Dive teams are also exploring a nearby river.

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All-Star Tejada pleads guilty to lying to Congress

Updated: 02/12/2009 - All-Star shortstop Miguel Tejada pleaded guilty Wednesday to lying to Congress about the use of performance-enhancing drugs and admitted buying what he believed was human growth hormone.

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Jury Deliberating in Florida Tobacco Trial

Posted: 02/12/2009 - A jury on Thursday began debating whether a man who chain-smoked at least two packs of cigarettes a day for decades was helplessly addicted to nicotine as his widow claimed in a lawsuit seeking damages for his death from tobacco giant Philip Morris.

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Obama Honors Lincoln's Legacy At 'Hallowed Space'

Posted: 02/12/2009 - President Barack Obama stood beneath the flag-draped box where Abraham Lincoln was shot inside Ford's Theatre, honoring the "hallowed space" on the eve of the 16th president's 200th birthday.

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SC lawyer Says Cops Making Arrests In Phelps Case

Posted: 02/12/2009 - Police in the South Carolina county where Michael Phelps was photographed smoking from a marijuana pipe have been arresting people as they seek to make a case against the superstar swimmer, a lawyer for one arrested person said Thursday.

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With Contrition, Bankers say Bailout Has Helped

Posted: 02/11/2009 - The nation's top bankers came to account for themselves Wednesday to a wary public, displaying a blend of financial might and humility as they pledged to build public trust with greater lending and fewer perks.

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Agreement Announced in Race for Stimulus Bill

Posted: 02/11/2009 - Moving with lightning speed, key lawmakers announced agreement Wednesday on a $789 billion economic stimulus measure designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the bill within days.

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Activists To Push Offshore Energy Drilling Ban

Posted: 02/11/2009 - A day after Interior Secretary Ken Salazar ordered a review of offshore oil and gas development, Congress is set to hear from environmental activists and officials from coastal communities who want to continue the ban on offshore drilling.

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Oklahoma Tornado Kills at Least Four

Posted: 02/10/2009 - A large, violent tornado ripped through a southern Oklahoma town late Tuesday evening, killing four people and injuring up to 50, authorities said. Severe weather also caused damage and power outages in metro Oklahoma City and western Texas.

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