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Jobless claims jump unexpectedly to 16-year high as labor market weakens rapidly
7:53AM CT
WASHINGTON (AP) - New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get even worse next year.
 
White House: Bush now would sign measure providing additional benefits to long-term jobless
8:43AM CT
WASHINGTON (AP) - Because of the tight job market, the White House says President George W. Bush would sign legislation pending in Congress to further extend unemployment benefits.
 
Democratic officials: Arizona's Janet Napolitano is leading candidate at Homeland Security
8:45AM CT
WASHINGTON (AP) - Arizona Gov. Janet Napolitano, an early Barack Obama supporter from the southwestern part of the country, is the likely choice for the job of secretary of homeland security, a top Obama adviser said Thursday.
 
Stocks open lower after weekly unemployment claims unexpectedly jump to 16-year high
9:04AM CT
NEW YORK (AP) - Fresh worries about widening unemployment are adding investors' list of concerns about the economy and are weighing on stocks in early trading.
 
Detroit automakers multibillion-dollar rescue plan stuck in neutral in Senate
6:57AM CT
WASHINGTON (AP) - A plan to give troubled U.S. automakers billions of dollars in government-backed loans is on life support, leaving the fate of hundreds of thousands of workers and Detroit's once-venerable car companies hanging in the balance.
 
GMAC files application with federal reserve to become bank holding company to get TARP aid
6:56AM CT
NEW YORK (AP) - GMAC Financial Services has applied to the Federal Reserve to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the Treasury's $700 billion bank rescue plan.
 
Astronaut: 'You're not going to see us lose another bag' of needed tools as spacewalk nears
5:58AM CT
HOUSTON (AP) - Astronauts vowed to double-check, even triple-check, to make sure a bag of tools is properly tied down during a spacewalk Thursday so it doesn't float away like one did earlier this week.
 
Between transplants, teen survives 4 months with no heart as Miami doctors improvise
6:52AM CT
MIAMI (AP) - D'Zhana Simmons says she felt like a "fake person" for 118 days when she had no heart beating in her chest. "But I know that I really was here," the 14-year-old said, "and I did live without a heart."
 
Taco Bell lawyers: Rapper 50 Cent trying to `burnish his gangsta rapper persona' with lawsuit
8:23AM CT
NEW YORK (AP) - Rapper 50 Cent is facing a challenge to his street cred — from Taco Bell. Lawyers for the fast-food chain are calling his federal lawsuit, filed in Manhattan, another attempt to "burnish his gangsta rapper persona by distorting beyond all recognition a bona fide, good faith offer."
 
NFL reinstates troubled Cowboys cornerback Adam 'Pacman' Jones, who can return on Dec. 7
6:51AM CT
ARLINGTON, Texas (AP) - The NFL is giving Adam "Pacman" Jones another chance. Dallas Cowboys owner Jerry Jones said Wednesday the suspended cornerback has been reinstated by league commissioner Roger Goodell, but he must miss two more games — this Sunday and the following game on Thanksgiving. He'll be back Dec. 7 at Pittsburgh.
 
  

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