Regulators approved a radical plan to stabilize the bank in an arrangement in which the government could soak up billions of dollars in losses.

Since she became chief executive 20 months ago, Mary Berner has been a jolt to the system for this stodgiest of media companies.

The US government announces a rescue plan for the Citigroup banking giant after its shares plunge by more than 60%.

Reuters - The U.S. government agreed to prop up one of the world's biggest banks, Citigroup Inc , with more than $300 billion to avoid a collapse that could have wrought financial havoc around the globe.

Business confidence in Germany falls in November to the lowest level since 1993, the key Ifo index shows.

The founder of Cobra Beer, Lord Bilimoria, considers a sale or a 'strategic partnership' for the 'less gassy' lager.

Gordon Brown says borrowing billions to cut taxes is necessary to prevent a long-lasting recession.

The largest shareholder of troubled retailer Woolworths calls on the firm to delay plans to sell the business for just £1.

Reuters - The U.S. government agreed to inject $20 billion of new capital into one of the world's biggest banks, Citigroup Inc , to avoid a collapse that could have wrought financial havoc around the globe.

AP - Britain's Treasury head Alistair Darling will announce plans Monday to raise the top rate of income tax and cut the basic sales tax to help Britain weather the economic downturn, according to media reports.

Regulators approved a radical plan to stabilize the bank in an arrangement in which the government could soak up billions of dollars in losses.

The drop-off in advertising spending by luxury brands means more bad news for magazines and newspapers in the United States.

William C. Ford Jr. could play a critical role in how the Obama administration decides to aid the auto industry.

Barclays investors have voted in favor of the British bank?s controversial $10.44 billion fundraising, its chairman Marcus Agius said on Monday.

Huang Guangyu, one of China?s wealthiest entrepreneurs, was detained last week by the police as part of an investigation into stock manipulation, according to a report in a Chinese financial magazine.

Dubai's stock market falls 5% to its lowest level in four years despite assuring investors it can meet its debt obligations.

Banking group Standard Chartered announces plans to raise £1.78bn ($2.66bn) through a share issue, saying key shareholder, Singapore's Temasek, backed the move.

Reuters - Oil rose by almost $2 a barrel on Monday as investors considered the prospect of a further OPEC supply cut and as stock markets rallied following the U.S. government rescue of U.S. bank Citigroup.

Reuters - The U.S. government agreed to inject $20 billion of new capital into one of the world's biggest banks, Citigroup Inc , to avoid a collapse that could have wrought financial havoc around the globe.

Reuters - U.S. sales of apparel, shoes and appliances fell dramatically in the first two weeks of November, as consumers worried about a recession and job losses further cut spending, MasterCard Advisors said in a report.

By mid-morning most of the Asian stock exchanges saw modest losses.

Shareholders lashed out at bank management for its plan to raise $10.5 billion, mostly from Middle Eastern investors, who will receive preferred stock in return.

If you want a bite of World Cup 2010 go to Johannesburg

Reuters - Stocks headed for a higher open on Monday after the U.S. government agreed to pump $20 billion of new capital into Citigroup, averting a bank collapse that could have crippled the world's financial system.

Reuters - Campbell Soup Co posted a higher-than-expected quarterly profit on Monday due to consumers who bought more of its condensed soups as they sought to save money as well as increased prices.

Reuters - King Pharmaceuticals Inc said on Monday it has agreed to acquire Alpharma Inc for about $1.6 billion to expand its pain drug business.

Stocks headed higher on Wall Street and the big European exchanges as investors evaluated the latest government aid to Citigroup.

Christina Romer is a well-regarded economist at the University of California at Berkeley who was a supporter of his presidential candidacy.

Barack Obama?s economic team has many protégés of Robert E. Rubin, but they are rejecting old orthodoxies.

The median sales price plunged 11.3 percent from a year ago to $183,000, and sales of existing homes fell more than expected, a real estate trade group said.

Alpharma relented to a sweetened $1.6 billion bid from King Pharmaceuticals, ending a hostile merger battle between the two drugmakers.

Shares in Citigroup jump more than 50% as investors welcomed the US government's rescue plan for the bank.

Chancellor Alistair Darling cuts VAT from 17.5% to 15% but increases top rate income tax in his pre-Budget report.

Oil prices rise slightly above $50 a barrel after hitting their lowest level in three and a half years at the end of last week.

The International Monetary Fund board is to meet to decide on a $7.6bn (£5.1bn) loan request from Pakistan.

Barclays shareholders vote overwhelmingly in favour of a plan to raise £7bn, mainly from investors in the Middle East.

Reuters - The pace of sales of existing homes in the United States fell 3.1 percent in October to a 4.98 million-unit annual rate, while the median home price dropped to its lowest in more than four years, a National Association of Realtors report showed on Monday.

Reuters - Britain and the United States moved to unveil their newest strategies to battle the global economic crisis on Monday even as European fears of a long-lasting recession deepened.

Barack Obama sought to convey an impression of continuity and coordination, so that his administration can ?hit the ground running.?

President-elect Barack Obama names his top economic advisers to oversee a huge economic stimulus package.

Chancellor Alistair Darling cuts VAT but signals future tax rises, with UK borrowing set to soar to record levels.

Shares rally worldwide after the US bail-out of Citigroup and an economic stimulus package in Britain.

Oil prices rise rapidly towards $55 a barrel after hitting their lowest level in three and a half years at the end of last week.

Reuters - Oil surged nearly 10 percent to near $55 a barrel on Monday on expectations that OPEC will cut output again and as stock markets rallied off the U.S. government's plan to rescue U.S. bank Citigroup.

AFP - The London stock market soared by more than nine percent nearing the close of trade on Monday after the government unveiled a massive stimulus package as Britain faces recession in 2009.

Bracing for a painful holiday season, hotels, airlines and cruise operators are offering deals to entice vacationers.

As part of a rescue deal, Citigroup will effectively halt dividend payments for three years and will agree to restrictions on certain executive compensation.

The Dow was up more than 500 points and shares of Citigroup were trading 52 percent higher on Monday.

The government plans to cut taxes and increase public spending despite a budget deficit that was among the largest of any developed nation.

President Nicolas Sarkozy of France and Chancellor Angela Merkel of Germany rule out cutting the sales tax, but found little other common ground in talks in Paris.

Alan Colmes, the longtime liberal half of the Fox News Channel prime time program, will leave the show at the end of the year.

Reuters - President-elect Barack Obama called on his new economic team to act 'swiftly and boldly,' and Britain said it planned a round of tax cuts and new spending to battle its worsening financial woes.

Reuters - Wachovia Corp , which lost $33 billion in the last two quarters, said 10 top executives may be entitled to $98.1 million in severance pay after the bank is acquired by Wells Fargo & Co .

AP - British Prime Minister Gordon Brown set out plans Monday to raise an income tax rate for the first time in three decades, abandoning a pledge that had carried his Labour Party to power.

Barack Obama sought to convey an impression of continuity, so that his economic team can ?hit the ground running.?

Citigroup will effectively halt dividend payments and agree to certain restrictions on executive compensation.

Will the latest rescue by the U.S. government finally restore confidence in the American financial system?

A rescue plan for Citigroup turned into a boon for Wall Street. The Dow rose nearly 400 points, and the S.&P. was up 6.47 percent.

The Hewlett-Packard Company posted a higher quarterly profit, helped by cost cuts and its acquisition of Electronic Data Systems, which lifted revenue from computer services.

President Nicolas Sarkozy of France and Chancellor Angela Merkel of Germany rule out cutting the sales tax, but found little other common ground in talks in Paris.

Reuters - Hewlett-Packard Co is gaining market share in every segment, and is at or ahead of its integration plans for computer services provider EDS, Chief Executive Mark Hurd said on Monday.

Reuters - China Life Insurance Co Ltd (2628.HK)(601628.SS), the world's biggest life insurer by market value, is interested in buying Asian assets of American International Group Inc , a senior China Life executive briefed on the situation said on Monday.

Analysts, once prominent within the industry, are joining a growing pool of bankers and traders losing their jobs before bonus times, with few job prospects on the horizon.

Reuters - Goldman Sachs plans to sell at least $2 billion of new debt that will be guaranteed by the Federal Deposit Insurance Corp, with pricing expected Tuesday, according to a market source familiar with the sale.

Reuters - Warren Buffett will provide more information on how his company Berkshire Hathaway Inc computes losses on derivatives, after the U.S. Securities and Exchange Commission asked for better disclosure.

King would pay $1.6 billion to expand expanding its presence in the market for pain drugs.

The Nikkei jumped 4 percent, with banking shares leading the gain, boosted by the U.S. government bailout for Citigroup.

AP - The Humane Society of the United States filed a lawsuit Monday against six major retailers and fashion designers alleging they falsely advertise and label fur garments.

President-elect Barack Obama sought to seize the reins of the economic crisis Monday as he and his team worked with the Bush administration to inject confidence into the market.

Bracing for a painful holiday season, hotels, airlines and cruise operators are offering deals to entice vacationers.

While Citigroup?s rescue was a breath of fresh air for Wall Street on Monday, many worry that the boost will soon wear off, leaving the outlook for the financial industry bleak.

In order to stave off dismantling his media empire, Sumner M. Redstone, the controlling shareholder of Viacom and CBS, may sell his movie-theater chain.

G.M. appears to have enough money in the fund to pay its more than 400,000 retirees their benefits for many years ? a result of its conservative pension management.

With shares of Berkshire Hathaway down 36 percent since Oct. 1, Warren E. Buffett said he would shed some light on his investments in the company?s next annual report.

The economic downturn is renewing interest on Madison Avenue in a marketing mainstay that is particularly popular during tough times: cash giveaways.

As lack of safety from drug trafficking encroaches on Baja California, business travelers have to make adjustments to their habits.

Sean Hannity would be the sole anchor of the Fox News Channel?s ?Hannity & Colmes? upon the departure of Alan Colmes, people close to the network said.

A new survey from Microsoft suggests that self-diagnosis by search engine frequently leads Web searchers to conclude the worst about what ails them.

Houghton Mifflin Harcourt, which has undergone staff layoffs and other turbulences, has temporarily suspended acquisitions of new manuscripts.

President Nicolas Sarkozy of France and Chancellor Angela Merkel of Germany rule out cutting the sales tax, but found little other common ground in talks in Paris.

The company said that children?s programming was no longer viable on network television, because of competition from cable channels.

The bailout plan for Citigroup is different from what was done in Switzerland for UBS, although its structure had advantages. Why didn?t Citigroup go down that road?

The printing and document management services company forecast 2009 profit in line with analysts? expectations, setting off a 17.9 percent gain in its share price.

The Campbell Soup Company said that its quarterly profit fell 3.7 percent, despite a strong increase in soup sales, and that currency exchange rates would hurt its results for the full year.

An advocate for corporate social responsibility finds a way to make his constant air travel meaningful.

Travelers who need to change their flight plans should consider the policies of different airlines, and when to ask for a change.

Ms. James came up with the name for the toy using a dictionary.

The experience that Timothy F. Geithner, former head of the NY Fed and current nominee for Treasury secretary, brings to the table can be looked at as an asset or a liability.

President-elect Barack Obama promises the rapid implementation of measures to stimulate the ailing US economy.

The IMF approves a loan for Pakistan, amounting to $7.6bn (£5.1bn), to shore up the economy.

The Tories call for a full debate of the government's package aimed at boosting the economy, amid clashes over who will lose out.