Jobless numbers reach record high: 4.8 million

The number of U.S. workers filing new claims for jobless benefits rose 3,000 last week, data on Thursday showed, while so-called continued claims hit the highest level on record as the country's year-long recession continued to chill employment.

U.S. New-Home Sales Fall to Lowest Level on Record

Sales of new homes in the U.S. fell in December to the lowest level on record, creating an unprecedented glut of unsold properties that casts doubt on any recovery in the industry this year.

World growth 'worst for 60 years'

World economic growth is set to fall to just 0.5% this year, its lowest rate since World War II

Stocks Could Drop 20%, No Safe Haven: Dr. Doom

Ford reports record yearly loss

Sony profits fall 95 percent

Shell Posts First Loss in 10 Years on Oil Price Drop

and warned that industry conditions “remain challenging.”

US Talks of Pumping $1 Trillion into Banks: Report