| Weekly jobless claims surge to 16-year high
(Reuters)
 Reuters - The number of U.S. workers filing new claims for jobless benefits surged last week to their highest level in 16 years, Labor Department data showed on Thursday, as a harsh economic environment forces employers to cut back on hiring.
| Alwaleed to boost Citigroup stake to 5 percent
(Reuters)
 Reuters - Citigroup Inc won a vote of confidence from Saudi Prince Alwaleed bin Talal, its largest individual investor, who said on Thursday he plans to boost his stake in the U.S. banking giant to 5 percent from less than 4 percent.
| Stocks open lower on autos and jobless data
(Reuters)
 Reuters - Stocks opened lower on Thursday as investors worried that failure by automakers to get a government bailout would add to the economy's woes, worries
| Oil dives below $50 as investor confidence sinks
(Reuters)
 Reuters - Oil plunged below $50 a barrel on Thursday, deepening losses over the previous four sessions as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand.
| GM shares drop as bailout hopes dim
(Reuters)
 Reuters - Shares of General Motors Corp fell more than 8 percent to hit a new 66-year low on Thursday as the prospects dimmed that lawmakers would reach a compromise on a proposed $25 billion bailout for U.S. automakers before Congress adjourns this week.
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