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Not sure if this is a Search Engine issue or a News module specific issue.
I did a search and received results that included expired news items.
Steps to reproduce:
Create a news story Titled "The kitten in the hat"
Create a news story Titled "The kitten has a bat"
Expire the news story Titled "The kitten has a bat"
Do a search on the keyword "kitten"
Both stories appear.
Perhaps this is as designed, but, I suspect not, since click the link for an expired story not viewable, returning a blank page.