Obama: ‘We have to act swiftly’ on economy

(CNN) — In his first public remarks since delivering his victory speech three days ago, President-elect Barack Obama vowed Friday that restoring the nation’s economic equilibrium will be a priority of his administration.

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Commerzbank pays €9.8bn for Dresdner

 
More than two centuries of British banking history is set to disappear along with more than 1,000 jobs after a deal last night that saw Allianz, the German insurer, sell its Dresdner Bank subsidiary to Commerzbank.
 

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Court bars meatpacker tests for mad cow

WASHINGTON (Reuters) - The Agriculture Department is within bounds to bar meatpackers from testing slaughter cattle for mad cow disease, a U.S. Court of Appeals panel said in a 2-1 ruling on Friday.

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Oil’s bumpy ride driven by dollar

Concerns that Hurricane Gustav may disrupt oil operations in the Gulf of Mexico and Russia’s decision to recognize the independence of two breakaway provinces in Georgia magnified bullish sentiments.

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ICE: Nearly 600 detained in Mississippi plant raid

LAUREL, Miss. - The largest single-workplace immigration raid in U.S. history has caused panic among Hispanic families in this small southern Mississippi town, where federal agents rounded up nearly 600 plant workers suspected of being in the country illegally.

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FAA computers delay hundreds of flights

Airports experienced hours of flight delays Tuesday afternoon after a communications breakdown at a Federal Aviation Administration facility, the administration said.

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U.S. envoy’s talks with Pakistan questioned

The U.S. ambassador to the United Nations, Zalmay Khalilzad, is drawing heat over unauthorized contact he has had with Asif Ali Zardari, the widower of former Prime Minister Benazir Bhutto and a possible contender to succeed Pervez Musharraf as president of Pakistan.

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Iraq suicide bomb attack kills 25

About 30 people are also reported to have been injured when the attacker detonated an explosive vest.
 

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What next for President Musharraf?

 
The resignation of President Pervez Musharraf in Pakistan marks something of a watershed in the country’s troubled recent history as Chris Morris reports.

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US and Iraq near troop pullout plan

                 
The US and Iraq are close to reaching an agreement on the future of US forces in Iraq, Condoleezza Rice, the US secretary of state, has said.
 

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