Fri 9 Jan 2009 | 9:18 EST

Today on Reuters 

Gary Pitts (L) and Jen Dix (R) apply for a job with Fair Point Communications recruiter David Bausch (C) at a job fair organized by the New Hampshire Employment Security agency in Salem, New Hampshire December 17, 2008.

Over 500,000 jobs lost 8:50am ET

Employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, but the numbers were less dire than analysts' expectations.  Full Article 

Gary Pitts (L) and Jen Dix (R) apply for a job with Fair Point Communications recruiter David Bausch (C) at a job fair organized by the New Hampshire Employment Security agency in Salem, New Hampshire December 17, 2008.

Over 500,000 jobs lost 8:50am ET

Employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, but the numbers were less dire than analysts' expectations.  Full Article 

Bernard Madoff is escorted from Federal Court in New York January 5, 2009.  REUTERS/Lucas Jackson
Exclusive:

Madoff moved $160 million to UK firm 5:14pm ET

Disgraced financier Bernard Madoff moved nearly $160 million of his own assets to his British-based firm in 2007, according to filings and accounts obtained by Reuters.  Full Article | Topics 

The AT&T logo in an undated photo. REUTERS/Handout
AT&T eyes netbooks

AT&T sees scaled-down portable computers and electronic readers as the hottest new devices it plans to support with cellular Internet connections, a top company executive says.  Full Article 

Diana Furchtgott-Roth
The $300 billion tax cut: Let’s do it right

President-elect Obama announced on January 8 that he is planning to use $300 billion of his $700 billion two-year stimulus package for tax cuts—but we should not celebrate too soon.  Commentary 

to
Commodity Last Pct Chg Trade Date/Time
Oil 47.26 -0.61% 09 Jan 2009 09:06 EST
Gold 850.6 -0.46% 09 Jan 2009 09:15 EST
A freeway billboard displays an advertisement for foreclosure assistance in Fontana, California January 5, 2009.
Signs of the Times

The global recession manifests itself in big ways and small: most gloomy, some quirky and many reflecting the inventive human spirit.  Factbox 

Two Sansa slotMusic Players are seen against a background of music available for the player at the SanDisk booth at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada January 7, 2009. REUTERS/Rick Wilking
CES 2009

Get live updates on new gadgets and insights on technology trends for 2009 from the Consumer Electronics Show in Las Vegas.  Full Coverage 

Bernd Debusmann
Pakistan, Mexico and U.S. nightmares

What do Pakistan and Mexico have in common? They figure in the worries of U.S. military planners trying to identify the next big threats, writes columnist Bernd Debusmann.  Commentary 

Critics' Choice Awards
7:56am EST 
The Critics' Choice Awards are one of the most reliable predictors of Oscar success.
Costa Rica quake kills 3

Jan 9 - A strong earthquake kills three people, including two children and causes extensive damage in Costa Rica.  Play Video

 
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