AP - Wall Street headed for huge rebound Monday with the Dow Jones industrial average futures up 398, or 4.76 percent, to 8,768. Standard &Poor's 500 index futures rose 51.30, or 5.76 percent, to 942.30. Nasdaq 100 index futures rose 62.00, or 4.83 percent, to 1,344.50.
AP - With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running. And Europe's central banks began to take unified actions Monday aimed at easing the credit crisis.
AP - Princeton economist and New York Times columnist Paul Krugman won the Nobel economics prize on Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.