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Obama1-012915.jpg President Barack Obama will travel to Philadelphia on Thursday to meet with House Democrats and outline his budget proposal that includes rolling back the budget cuts known as sequestration.
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img5-012915.jpg After more than two weeks of debate, the Senate voted Thursday to pass legislation authorizing construction of the Keystone XL oil pipeline. The Senate voted 62 to 36 in favor of the bill, with nine Democrats joining with Republicans to approve the legislation.
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German-012915.jpgGermany's consumer prices in January declined for the first time in nearly five-and-a-half years and at faster than expected rates, in sync with forecasts for deflation in the euro area, preliminary figures from Destatis showed Thursday. The EU measure of inflation, the harmonized index of consumer prices, fell 0.5 percent annually, following a modest 0.1 percent gain in December. Economists had forecast a 0.2 percent decline.
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The FDA has issued its approval to a new skin care drug called Cosentyx (secukinumab) aimed at treating plaque psoriasis. The condition is an autoimmune disorder that causes itchy, irritated skin and is most common in adults aged 15 to 35. The new drug works by binding to a protein called interleukin (IL)-17A. In doing so, it prevents that protein from reaching its receptor.
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The European markets were higher in early trading on Friday, ahead of the inflation and unemployment reports from the eurozone. At 5 am ET, Eurostat is due to release its inflation and unemployment reports. The annual harmonised measure of inflation is expected to come in at -0.5 percent in January compared...
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Burger chain Shake Shack Inc. said late Thursday that it has priced its initial public offering of 5 million Class A shares at $21 per share, which is above the previously estimated price range of $17 to $19 per share. The shares are expected to begin trading on the New York Stock Exchange on Friday, January 30 under the ticker symbol "SHAK."
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The American economy is growing and creating jobs at the fastest pace since 1999, President Barack Obama said in his 2015 State of the Union Address Tuesday. The shadow of crisis has passed, and the State of the Union is strong, the president noted.
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