Abu Dhabi gives Dubai $10 billion in surprise bailout
Abu Dhabi bailed out neighboring Dubai on Monday with $10 billion in surprise aid for debt-laden Dubai World, driving stock markets higher, but Dubai said creditors still needed to approve a standstill on outstanding debt. Read Full Article here.
Citigroup to raise $20.5 billion in capital to pay back gov't
Citigroup today announced it will raise $20.5 billion in capital, mostly in common stock, after reaching an agreement with the U.S. to pay back a $20 billion bailout investment. Read Full Article here.
Cadbury sees rival interest as rejects Kraft
Britain's Cadbury said it has received interest from other bidders after raising its growth targets and reporting upbeat trading, as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods. Read Full Article here.
Gold off 4-week lows as dollar dip supports
Gold prices rose and moved away from four-week lows on Monday as the dollar reversed course and dipped against a basket of major currencies, paring gains made after upbeat U.S. economic data late last week. Read Full Article here.
Naked access now 38 percent of U.S. trading: report
A report says that 38 percent of all U.S. stock trading is now done by firms that have naked sponsored access to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown. Read Full Article here.
Exxon Mobil to buy XTO energy for $41 billion
Exxon Mobil Corp will buy XTO Energy Inc, one of the largest U.S. natural gas producers, in an all-stock transaction valued at $41 billion including debt, the companies said on Monday. Read Full Article here.