Jobless claims were projected to rise to 545,000, according to the median projection of 35 economists in a Bloomberg News survey. Estimates ranged from 480,000 to 600,000. Claims in the prior week were revised to 491,000 from 492,000. 
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Selected and fresh photos from around the web.
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Editor's pick
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Hot off the wire
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Radek Stepanek of the Czech Republic reacts after winning his quarterfinal match 2-6, 6-4, 6-3 against Sweden's Robin Soderling during the Brisbane International tennis tournament held in Brisbane, Australia, Friday, Jan. 9, 2009.
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Florida Gators David Nelson (R) catches a touchdown pass next to Oklahoma Sooners Keenan Clayton (L) during the fourth quarter in the NCAA's BCS National Championship football game in Miami, January 8, 2009.
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Aboriginal traditional dancers from Arnhem Land in Australia's Northern Territory who call themselves the "Chooky Dancers" perform during a media preview for the Sydney Festival on January 9, 2009. The Chooky Dancers, who have become an international hit on the internet after their unique dance interpretation of Zorba the Greek, will perform at the Sydney Festival which will be held on January 10-31.
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Recently starred
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An Israeli attack helicopter fires flares as seen from the border between Israel and the Gaza Strip, Thursday, Jan. 8, 2009. Lebanese militants fired at least three rockets into northern Israel early Thursday, ripping through a crowded nursing home and threatening to open a new front for the Jewish state as it pushed forward with a bloody offensive in the Gaza Strip that has killed nearly 700 people.
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Mount Everest, the highest peak in the world, with an altitude of 8,848 meters (29,028 feet), is seen in this aerial view taken from a passenger aircraft flying over Nepal at a height of 9,144 meters (30,000 feet), November 9, 2008. Everest is part of the Himalayan mountain range along the border of Nepal and Tibet. In background is the Tibetan Plateau. Picture taken November 9, 2008.
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A Tibetan man ploughs a field near Gyabon Hamlet located near the base camp of Mount Everest, also known as Qomolangma, in the Tibet Autonomous Region May 9, 2008. An envoy to the Dalai Lama said on Thursday Chinese negotiators had shown a willingness to engage with the Tibetan side during recent talks, despite major differences on important issues.
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The summit of the world's highest mountain Mount Everest, also known as Qomolangma, is covered in cloud as climbers from the Olympic torch relay team reach the top in the Tibet Autonomous Region May 8, 2008. Heavy snowfall during the past week had hampered efforts for the Olympic torch's ascent, but the team of 31 Chinese climbers, 22 of them ethnic Tibetans, reached Everest's summit with the Olympic flame this morning.
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Quotes about Bloomberg News
The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral
was said
in Safehaven
Newspapers prepare obituaries of famous people before they die, but few publish them while the subjects are still alive. In August, Bloomberg News accidentally releases an obit for Apple CEO Steve Jobs, who - despite a well-publicized brush with pancreatic cancer - is still alive and kicking
was said
in MacDailyNews
Please excuse the mass email ... but I wanted to let you know the good news that I will be joining Mayor Bloomberg's re-election campaign as a communications strategist in the New Year.
said Howard Wolfson
Quotes from articles mentioning Bloomberg News
Despite the several requests for expedited information it has become apparent that the Treasury will not co-operate without mounting legal pressure. Therefore, we have filed a complaint in the Federal Court in New York.
was said
in The Age
The Treasury has repeatedly ignored our requests for information on how the Government is allocating money to these troubled institutions. In a critical time like this, amidst mounting corruptions and an economic crisis, we as a news organisation feel it's more important than ever to hold the Government accountable.
was said
in The Age
Fox Business Network has filed a lawsuit against the United States Treasury Department over failure to provide information on the bail-out funds.
was said
in The Age
If their goal is to not take a loss on these assets, they should be hiring independent analysts.
was said
in The Age
They're outsourcing the credit assessment to a group of people whose recent performance has been unbelievably bad
said Keith Allman
in The Age
