AP - General Motors Corp. said Friday it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009 if the U.S. economic slump continues and it doesn't get government aid.
AP - The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected and stark proof the economy is deteriorating at an alarmingly rapid pace.
AP - A school building collapsed during classes on Friday, killing at least seven people and injuring many more students, some of them pulled, bleeding, from the rubble.
President-elect Barack Obama is holding his first briefing as president-elect and will take questions from reporters on the transition to the White House. Obama and Vice President-elect Joe Biden earlier met with a 17-member council of economic advisers. The sagging economy is in the spotlight at the briefing.
Jurors announced Friday that they have reached a verdict in the capital murder trial of a man accused of escaping and killing four people, three of them at an Atlanta, Georgia, courthouse.