Financial roundup: Jobless rate jumps to 7.2% in December … Obama team looks to revamp bailout … Rifts show as Obama urges quick action on stimulus


    Employers cut 524,000 jobs: The nation's unemployment rate bolted to 7.2% in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in moder…

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