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Mubarak says Egypt in 'defining moment,' will appoint new cabinet

President of Egypt Hosni Mubarak appeared on television late Friday for the first time since riots began in Cairo, saying in a televised address that the country was in a “defining moment” and that he had requested that his cabinet resign so a new one can be designated tomorrow.

Gold rises 2 percent as Egypt sparks safe-haven buying

Gold surged 2 percent on Friday, gaining as much as $40 per ounce in a knee-jerk rally as fears that unrest in Egypt would spread across the Middle East prompted safe-haven buying. It's the largest one-day gain in nearly two months.
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Wikileaks spin-off group launches new site

A group led by the former deputy to WikiLeaks founder Julian Assange launched a new site to aid whistleblowers on the sidelines of the Davos meeting of the global business elite Friday.
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Consumer spending, trade buoy U.S. economy in Q4

The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability.

Egyptian unrest not Islamist, expert says

The situation in Egypt is, as they say, fluid, with rioting in Cairo, protestors clashing with police, vehicles set afire and a prominent Egyptian who returned home to foster democracy placed under house arrest. The president, Hosni Mubarak, has not been seen nor heard from in days. His wife has, by some reports, fled the country. The world is watching and no one can predict what may happen next.
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Mylan, Pfizer settle patent disputes over Lipitor, Caduet

U.S. generic drug maker Mylan Inc has settled two U.S. patent disputes with global pharma giant Pfizer Inc, which will enable the former to sell the generic versions of cholesterol drug Lipitor and combination blood pressure and cholesterol treatment Caduet.
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Pro football tackles the event hospitality business

The National Football League is tackling the event hospitality business for its top properties, including the Super Bowl, as a way to boost business and bring it closer to its corporate and individual fans.
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AirTran posts lower profit, cites fuel

AirTran Holdings Inc, which has agreed to be acquired by low-cost rival Southwest Airlines Co, said higher fuel costs led to a lower quarterly profit.
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Instant view: Fourth quarter GDP below expectations

The U.S. economy gathered speed in the fourth quarter, though a touch below expectations, with the biggest gain in consumer spending in more than four years and strong exports offering the clearest signals yet that a sustainable recovery is under way.

Remembering 25th Year of Fallen Explorer Challenger

The space shuttle disaster is being remembered this year on its 25th anniversary. The service of Challenger, which was the first orbiter to launch and land at night on mission STS-8, ended in a tragedy on Jan. 28, 1986.
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Consumer spending and trade buoy economy

The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability.

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