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WASHINGTON - The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.

NEW YORK - Wall Street fell for a second straight session Friday following a worrisome reading on the nation's job market, but stocks pulled off of steep losses as investors sought bargains in sectors like financials and consumer staples.

NEW YORK (Reuters) - Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.

WASHINGTON (Reuters) - An unexpectedly steep 84,000 U.S. jobs were lost in August and the unemployment rate hit a five-year high of 6.1 percent, fanning worry ahead of November's presidential vote that the economy was near recession.

WASHINGTON - More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday.

NEW YORK - Oil prices sank below $106 a barrel Friday as a jump in the U.S. unemployment rate signaled to traders that Americans might keep paring back their energy use to save money.

NEW YORK (Reuters) - U.S. stocks were little changed in volatile trade on Friday as a bounce in financial shares offset concerns about the economy after a bleak labor market report.

(Reuters) - Dell Inc is trying to sell computer factories around the world in efforts to cut cost and improve profitability, the Wall Street Journal said.

There is something for everyone, according to Microsoft officials who are touting the company's new prices for all three models of its video game console, the Xbox 360.

WASHINGTON - Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on the country's economic and financial stability.

Dell has taken the wraps off a new mini-notebook PC squarely aimed at U.S. consumers. Called the Inspiron Mini 9, the PC maker's first offering in the so-called netbook category sports an 8.9-inch LED screen with a resolution of 1024x600 pixels.

As career choices go, the hotel business isn't one that will put new college grads on the path to riches. With few exceptions, new employees can expect an annual salary of less than $40,000, a figure that has barely budged in recent years. So when Marriott International visited the University of Delaware campus on a recruiting trip, it didn't wave a big wad of cash in front of Claire Pignataro. It didn't have to. It had already hooked her with something she considered far more valuable: a chance to help run a hotel.

COLUMBIA, S.C. - The big switch to digital TV has prison officials scrambling to keep one of the most important peacekeeping tools in prisons across the nation — broadcast television.

NEW YORK (Reuters) - Pacific Investment Management Co, the world's biggest manager of bond funds, named Mohamed El-Erian as its sole chief executive after co-CEO Bill Thompson retires at the end of the year.

BOSTON (Reuters) - A Citadel Investment Group LLC executive who ran an unprofitable credit investment group for the large hedge fund company has resigned, a person familiar with the matter said on Friday.

LONDON - World stock markets fell sharply Friday in the wake of a sell-off on Wall Street amid mounting concerns about a slumping U.S. economy and its impact on global growth.