Michele Norris
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President-elect Barack Obama is expected to announce his picks for his energy and environment team at a Chicago news conference. Nobel laureate Steven Chu is expected to be Obama's energy secretary; Lisa Jackson is likely to be named the administrator of the Environmental Protection Agency.
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Advisers to the Food and Drug Administration have recommend that drugs Serevent and Foradil no longer be used for asthma. Top-selling Advair was not affected by the recommendation.
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Five Blackwater Worldwide security guards were indicted and a sixth is in plea negotiations with prosecutors for a 2007 shooting in Baghdad. The shooting killed 17 Iraqis.
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The head of the United Auto Workers has said the union is willing to change its contract and will delay billions of dollars in payments to a union-run health care trust. The concession is a bid to help Detroit's ailing Big Three automakers.
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The Big Three automakers have presented their plans to Congress for how they will restructure themselves to make them worthy of a congressional bailout. Ford says it wants a $9 billion standby line of credit; GM has sought $12 billion. Chrysler is expected to ask for $7 billion.
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Gunmen have opened fire at seven sites in the Indian city of Mumbai. The coordinated terrorist attacks seemed aimed, at least in part, at Westerners. At least 78 people have died so far. Among the targets were two luxury hotels and a restaurant frequented by travelers.
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Alaska Sen. Ted Stevens has been convicted of lying about free home renovations and gifts he received from an oil contractor. The Senate's longest-serving Republican was found guilty on all seven counts of making false statements on Senate financial documents.
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Republican presidential candidate John McCain has told supporters in Ohio that with eight days to go voters could either keep their money or give it to Barack Obama and the Democratic presidential nominee's congressional allies Nancy Pelosi and Harry Reid.
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Democratic presidential candidate Barack Obama has told supporters that they cannot "let up" with eight days left in the presidential campaign. As part of what his campaign is calling "closing arguments," Obama is reiterating the key points of his platform.
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Stocks have sold off sharply in Europe, Asia and the U.S. One analyst says much of the decline stems from a global "deleveraging" that will continue for a while.