| Stocks roar back on bank rescues, Morgan deal
(Reuters)
Reuters - Stocks surged on Monday, following the worst week ever, as global efforts by governments to pump cash into banks sparked a rally in financial shares, while credit markets showed some signs of loosening up.
| Global bank rescue aims to halt crisis
(Reuters)
Reuters - The world bet solidly on recapitalizing ailing banks as the fastest way out of the financial crisis in a clear new direction on Monday that reinvigorated stock markets after their worst week in history.
| Morgan Stanley closes MUFG deal, Morgan shares soar
(Reuters)
Reuters - Mitsubishi UFJ Financial Group Inc (MUFG) completed its $9 billion investment in Morgan Stanley on Monday as U.S. government support helped nail down a critical deal many investors had feared could fall apart.
| GM shares rebound after Detroit merger reports
(Reuters)
Reuters - Shares of General Motors Corp jumped almost 18 percent on Monday after reports the No. 1 U.S. automaker had been in merger talks in recent weeks with smaller rivals Ford Motor Co and Chrysler LLC.
| Iceland officially requests IMF help for crisis
(Reuters)
Reuters - Iceland has officially requested financing from the International Monetary Fund, an IMF official said on Monday, part of efforts to combat a crisis that has overwhelmed its once-flourishing financial sector. |