| Business News Full Story: |
| Wall Street sinks, S&P falls to lowest level since 1997
(Reuters)
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 Reuters - Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark Standard & Poor's 500 index to its lowest level since 1997 -- completing the erasure of more than a decade of stock market gains.
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| Democrats demand Big 3 offer survival plan
(Reuters)
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 Reuters - Democratic congressional leaders seeking to salvage a bailout of the Big Three automakers demanded car executives provide a business survival plan on Thursday in exchange for their support for up to $25 billion in loans.
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| Dell profit tops Street view, shares rise
(Reuters)
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| Reuters - Dell Inc, the world's No. 2 PC maker, posted a better-than expected quarterly profit on Thursday, crediting cost cuts and new products, sending its shares up 9 percent. |
| Ambac shares rise 80 percent after liabilities canceled
(Reuters)
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| Reuters - Shares of Ambac Financial Group rose more than 80 percent on Thursday, after it reached an agreement to cancel contracts covering structured debt valued at $3.5 billion, allowing it to reduce loss reserves. |
| Marsal to take over as Lehman CEO at end of year
(Reuters)
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 Reuters - Bryan Marsal, currently chief restructuring officer of bankrupt Lehman Brothers Holdings Inc , will take over as chief executive of the company after the close of business on December 31, a lawyer for the company said in court on Thursday.
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