| GM cuts output, jets as U.S. demands turnaround plans (Reuters) [9 mins] Reuters - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets. | 'Citibank could collapse due to 13.3billion losses', warn financial experts [36 mins] Banking giant Citigroup could collapse under a wave of sub-prime losses totalling 13.3billion, financial experts warned today. |