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Obama vows to stabilize fuel prices

The United States cannot drill its way out of its energy problems and must begin reforms now to reduce oil dependence, President Barack Obama said on Friday, pledging to do all he could to stabilize fuel prices. Obama, whose prospects…

Asia stocks fall after Wall Street sinks

Asian shares extended losses Friday after the Dow Jones industrial average suffered its biggest one-day drop since August and China reported unexpectedly high inflation. Oil prices hovered near $103 a barrel as traders worried protests in…

Major earthquake hits Japan

A massive 8.9 magnitude earthquake has struck off Japan's northeastern coast, triggering a four meter tsunami that washed away cars along parts of the coastline. Video from national broadcaster NHK showed dozens of cars, large ferries and…