Reuters - 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.
Reuters - Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100 futures up 0.49 percent.
AFP - Some on Wall Street believe a Santa Claus rally will deliver more gains in the final weeks of the year, while others are playing it cautious until an upcoming Federal Reserve meeting is over.
AP - The Securities and Exchange Commission has expanded its probe of Bank of America to include the bank's possible failure to disclose mounting losses at Merrill Lynch, a top agency official said Friday. -- read full article
Reuters - Securities regulators are looking at what Bank of America disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion. -- read full article
Reuters - The Dow and S&P 500 closed up for a third straight session on Friday after several solid consumer-related reports reinforced investors' confidence in a steady recovery by the economy.
AP - Encouraging news about how consumers feel about the economy and how much they're spending sent stocks higher on Friday. The strong showing in retail sales last month raised hopes that consumers are starting to feel more comfortable opening their wallets after months of building savings. Meanwhile, the preliminary Reuters/University of Michigan consumer sentiment index increased more than expected in December. -- read full article
AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: -- read full article
Reuters - World stocks extended gains and oil rebounded on Friday as upbeat data from China and the United States underscored an economic recovery, weighing on safe-haven government bonds and the low-yielding yen.
Reuters - U.S. securities regulators will continue to "vigorously pursue" charges against Bank of America Corp for allegedly misleading investors over bonuses paid to Merrill Lynch employees, a top Securities and Exchange Commission official said on Friday.