U.S. jobless rate hits 26-year high of 9.8 percent WASHINGTON (Reuters) - U.S. employers unexpectedly cut more jobs in September than in August, underscoring the fragility of the economy's recovery from its worst recession in 70 years as businesses remain cautious about the future. G20 becomes top world economic forum PITTSBURGH, Pennsylvania (AFP) - World leaders on Friday said the Group of 20 developed and developing nations would become the top economic forum, spreading influence to emerging powers such as China and India. Colonial BancGroup shut down by federal officials WASHINGTON - Real estate lender Colonial BancGroup Inc. has been shut down by federal officials in the biggest U.S. bank failure this year.