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Reuters: Business News
  • Stocks roar back on bank rescues, Morgan deal
    NEW YORK (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.

  • Markets cheer as Europe bails out banks
    NEW YORK (Reuters) - The world's financial stewards 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-MUFG deal closes, Morgan shares soar
    NEW YORK (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG) completed its purchase of a stake in Morgan Stanley on Monday with U.S. government support, helping close a deal that investors had feared would fall apart.

  • GM shares rebound after Detroit merger reports
    DETROIT (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.

  • Treasury moves on plan to recapitalize banks
    WASHINGTON (Reuters) - The U.S. Treasury and Federal Reserve were working on Monday to finalize details on a plan to recapitalize banks and stabilize financial markets in the wake of new measures announced in Europe.


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