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Jobless claims jump unexpectedly to 16-year high (AP)

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.

Perino: Bush would sign jobless benefits extension (AP)

AP - With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would quickly sign legislation pending in Congress to provide further unemployment benefits.

Dems: Napolitano emerges for Homeland Security job (AP)

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 fall after jobless claims jump (AP)

AP - Fresh worries about widening unemployment added to investors' list of concerns about the economy Thursday and extended Wall Street's sell-off to a second day. The major indexes each fell more than 1.5 percent, including the Dow Jones industrial average, which lost 110 points.

Detroit automakers' rescue stalls in Senate (AP)

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 for bank holding status (AP)
AP - GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue plan.

Astronauts vow remaining tool bag won't drift away (AP)

AP - Astronauts vowed to double-check, even triple-check all their tethers 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.

Teen lives 4 months with no heart, leaves hospital (AP)
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 get tough with rapper 50 Cent (AP)

AP - Rapper 50 Cent is facing a challenge to his street cred — from Taco Bell.

NFL says Cowboys' Pacman Jones can return Dec. 7 (AP)

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.

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.

Global job losses rise; oil, stocks plunge worldwide (Reuters)

Reuters - Fears of a deep, long global recession intensified on Thursday as markets hit new lows in alarm at reports of record U.S. job losses, oil prices plunging below $50 a barrel and worry that U.S. automakers would not get a bailout from Washington.

Obama eyes Arizona governor for Homeland Security (Reuters)

Reuters - President-elect Barack Obama is considering Arizona Gov. Janet Napolitano to be U.S. Homeland Security Secretary, at the head of a sprawling agency formed to bolster civil defense after the September 11 attacks, a senior Democrat said.

Prospect for auto bailout dims (Reuters)

Reuters - Chances dimmed that a last-minute plan being crafted by Republican senators, with White House support, to provide $25 billion to bail out U.S. automakers would receive enough backing from Democrats to pass before the end of this week.

U.S. forces kill Qaeda leader wanted for attacks (Reuters)
Reuters - U.S. forces killed a senior al Qaeda leader wanted for planning suicide bombings, kidnappings and assassinations, including the abduction and killing of a U.S. army sergeant in 2004, the U.S. military said on Thursday.