AP - World stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac — a move that could help bolster a shaky U.S. housing market and renew global investor confidence.

Reuters - UK gas producer BG Group admitted defeat in its hostile bid for Australian coal-bed methane producer Origin Energy, but analysts said BG may shift its focus to another target or become a target itself.

Reuters - The U.S. Justice Department has hired Sandy Litvack, who was its former antitrust chief and Walt Disney Co's former vice chairman, to consult on its probe of Google Inc's search advertising deal with Yahoo , a source close to the investigation said.

Reuters - State-owned Korea Development Bank (KDB) on Tuesday kept mum on its talks with Lehman Brothers over a possible investment, but said it was aiming to be a top three investment bank in Asia within the next five years.

Reuters - A nearly 6-year-old news story on the 2002 bankruptcy filing of UAL Corp resurfaced on the Internet on Monday, clobbering the airline's shares as some traders mistook the report as current and plausible news.

Reuters - U.S. mortgage rates fell on Monday after the government seized control of Fannie Mae and Freddie Mac, raising hopes the plan would provide at least temporary respite from troubles in housing and credit markets.

AFP - Nationwide Building Society, the second biggest lender of home loans in Britain, said Monday it had agreed to buy two smaller peers struggling to cope with the global credit crunch.

AP - Wall Street finally got what it's been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide.

Reuters - Apple Inc shares fell as much as 5 percent on Monday ahead of a highly anticipated event on Tuesday when the maker of the Mac, iPod and iPhone is expected to roll out a new iPod Nano and may give an update on iPhone sales.

Reuters - UAL Corp , parent of United Airlines, said on Monday that a Chicago Tribune story, apparently published in error, claiming UAL had gone into bankruptcy was untrue.

Reuters - The Dow and S&P 500 rose on Monday as investors bet Washington's bailout of U.S. home finance companies Fannie Mae and Freddie Mac will stabilize the housing market and ease the credit crisis.

Reuters - Lehman Brothers Holdings Inc is meeting with potential buyers of its Neuberger Berman asset management unit, according to a report, causing shares of Wall Street's fourth-largest investment bank to fall as much as 19.6 percent on concern that it is desperate for cash.

Reuters - Wall Street greeted the U.S. government's seizure of mortgage giants Fannie Mae and Freddie Mac on Monday, hoping it would provide at least temporary respite from the troubles plaguing housing and credit markets.