NEW YORK (Reuters) - Citigroup Inc's largest individual investor gave the troubled bank new support, saying he would boost his stake modestly, but failed to revive investor confidence as the bank's shares tumbled another 10 percent.
NEW YORK (Reuters) - Stocks extended losses on Thursday after the Philadelphia Federal Reserve Bank said factory activity in the Mid-Atlantic region fell to another 18-year low in November, adding to worries about the depth of the economic slowdown..
WASHINGTON (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.
LONDON (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.
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