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Title: Wall Street slides on economic worries, Citi (Reuters)
Tags:citigroup & citigroup inc & global slowdown & japan & jobs & recession & stocks & surprise & u s bank
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A trader works on the floor of the New York Stock Exchange, November 17, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell on Monday on concerns of an accelerating global slowdown after Japan's surprise news it had fallen into recession and Citigroup Inc, the No. 2 U.S. bank, said it would cut 52,000 jobs, far more than had been expected.


Title: Japan in recession (Reuters)
Tags:citigroup & economic slump & economy & fears & japan & jobs & layoffs & recession
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A businessman walks down a staircase in Tokyo, November 17, 2008. (Yuriko Nakao/Reuters)Reuters - Japan became the latest major economy to fall into recession and Citigroup said on Monday it would cut 52,000 jobs, one of history's largest layoffs, stoking fears the global economic slump is worsening.


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