Business

New York, November 7 -- In yet another case of bank failure, United Commercial Bank was closed Friday, bringing the total to 120 this year.

New York, November 7 -- The nation's unemployment rate jumped to 10.2 percent, hitting double digits for the first time ever in 26 years.

London -- The Asda supermarket chain, Britian's second-largest, Friday recalled its Wholefoods brand of Garland Figs because of a larvae infestation, the company said.

Chicago -- Grain futures closed lower on the Chicago Board of Trade Friday as stocks were flat in New York on news the U.S. unemployment rate reached 10.2 percent.

London -- Individual bankruptcies in Britain rose in the third quarter, while business bankruptcies declined, a government agency said Friday.

Detroit -- General Motors Co. Chief Executive Officer Fritz Henderson said the U.S. automaker could use federal money to support its struggling European operations.

Auburn Hills, Mich. -- The head of the largest U.S. auto dealership group, Mike Jackson, said he was confident in Chrysler Group's ability to make a comeback.

Washington, November 6 -- Some heartening news for residents who want to avail the $8,000 tax credit from the federal government stimulus package but are running out of time in closing the deal by Nov. 30.

Washington, November 6 -- According to a closely watched survey by U.S. mortgage finance company, Freddie Mac, mortgage rates fell below 5 percent for the first time in three weeks.

Beijing -- Beijing reacted strongly against the U.S. decision to slap preliminary anti-dumping duties of up to 99 percent on some Chinese oil pipe imports.