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Maryland Prep School Student Admits to Killing Mother in Argument Over Grades

TOWSON, Md. – A Maryland teenager calmly admitted in court Monday that he beat his mother to death with a baseball bat after an argument over his grades at a prestigious private school. Lewin C. Powell III, 16, wore a dark suit and showed no emotion as he answered questions …

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Reports: John Thain Resigns From Bank of America

NEW YORK – Media reports Thursday said former Merrill Lynch & Co. CEO John Thain has resigned from Bank of America Corp. following news that Merrill had moved up its yearend bonuses, paying them just before BofA’s government-brokered acquisition of Merrill was completed. CNBC and The Wall Street Journal’s Web …

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U.S. Signs Nuclear Cooperation Agreement With the United Arab Emirates

WASHINGTON – The Bush administration signed a nuclear cooperation agreement on Thursday with the United Arab Emirates, a last-minute deal that saddles the coming Obama administration with a decision on helping a Persian Gulf ally develop nuclear power despite concerns in Congress. The deal sets the legal groundwork for U.S. …

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