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Archive for February 17th, 2010

Archbishop in genome health study

Scientists analyse the genomes of five southern Africans, including Archbishop Desmond Tutu.

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3 dead in small plane crash into California home (AP)

Menlo Park firemen look at the scene of a small plane that crashed into a house in East Palo Alto, Calif., Wednesday, Feb. 17, 2010. (AP Photo/Paul Sakuma)AP - A small plane crashed Wednesday in a residential neighborhood shrouded in heavy fog, killing all three aboard, igniting fires and scattering debris onto a house where a children’s day care center operated, authorities said. There were no reports of injury on the ground, and fires caused by the crash were soon extinguished.

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Data on industry output, home building boost hopes (AP)

In this photo made Feb. 4, 2010, a new home is under construction in Gilbert, Ariz. Construction of new homes and apartments posts better-than-expected January rebound.(AP Photo/Matt York)AP - Hopes that the economy can sustain its recovery drew support Wednesday from news that industrial ouput rose for a seventh straight month and home construction hit a six-month peak in January.

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Fed: Unemployment will stay high over next 2 years (AP)

In this photo made Jan. 23, 2010, a recruiter, right, talks to an applicant at a job fair in Santa Clara, Calif. Fed policymakers said in a forecast released Wednesday, Feb. 17, 2010, that it will take 'some time' for the economy and the jobs market to get back to normal. (AP Photo/Paul Sakuma)AP - The Federal Reserve expects unemployment will stay high over the next two years because recession-scarred Americans are likely to stay cautious, making for only a moderate-paced economic recovery.

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Federal deficit at $430.69 billion through January (AP)

AP - The federal deficit through the first four months of the budget year is running at a record-breaking pace even though the deficit in January was slightly smaller than expected.

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5 Easy Ways to Save on Taxes (The Motley Fool)

The Motley Fool - It’s hard to get ahead with Uncle Sam stretching out his hand every time you earn a few extra bucks. While paying what you owe is the patriotic way, it’s always nice to owe less rather than more. Here are some of the best (and strictly legal) ways to reduce your taxable income but still satisfy Uncle Sam when he comes knocking.

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Stocks climb on upbeat earnings, economic reports (AP)

Traders work on the floor at the New York Stock Exchange, February 9, 2010. REUTERS/Brendan McDermidAP - The stock market extended its advance Wednesday after Deere & Co.’s earnings beat expectations and the government issued an upbeat housing report.

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Stocks soar as investors focus on US economy (AP)

AP - WHY STOCKS SOARED: Investors switched their focus from European countries’ debt problems to the latest signs of a stronger domestic economy.

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Deere beats and raises outlook (Reuters)

Reuters - Deere & Co posted higher-than-expected earnings, sending its shares up more than 6 percent, as wider margins at its farm equipment and finance units helped it to overcome weak economic conditions.

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Summary Box: Deere & Co. 1Q earnings (AP)

AP - RESULTS: Deere & Co. profit jumped 19 percent in the first quarter, and the company increased its outlook for 2010 to predict a $1.3 billion profit.

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