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WASHINGTON (Reuters) - The Federal Reserve on Sunday gave its stamp of approval to the takeover of Wachovia Corp by Wells Fargo & Co of San Francisco, which had battled New York-based Citigroup for ownership of the wounded bank.

WASHINGTON - Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending.

An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels.

NEW YORK (Reuters) - Top executives at American International Group Inc knew of potential problems in valuing derivatives contracts, known as credit default swaps, long before questions about the risky transactions caused its stock to plummet, the Wall Street Journal said, citing documents released by congressional investigators.

NEW YORK - Investors agonizing over whether the stock market is bottoming out or about to extend its precipitous decline face more uncertainty this week as they await action on the government's rapidly expanding effort to pull the financial system from the brink.

NEW YORK - Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid for your house, the money you're saving for college, the money your boss needs to make payroll — gone, gone, gone.

WASHINGTON (Reuters) - The global economy is drawing closer to a dangerous downward spiral and time may be running out for world leaders to find a way to stop it before it inflicts lasting damage.

NEW YORK (Reuters) - Japan's Mitsubishi UFJ Financial Group, which has watched Morgan Stanley's share price plunge 58 percent last week, is seeking more favorable terms to its $9 billion deal, a person briefed on the matter said.

NEW YORK (Reuters) - Stock futures rose on Sunday evening as central bankers and government leaders took steps to solve the financial crisis that has been crippling global markets.

HONG KONG - Most Asian stock markets recovered Monday after last week's historic sell-off as governments around the world intensified efforts to boost the ailing financial system.

PARIS (Reuters) - Nations from Europe to Australia rushed out plans on Sunday to shore up their banks, trying to halt a markets crash with pledges to back lending, buy stakes in financial institutions and take other emergency steps.

DETROIT/WASHINGTON (Reuters) - What's good for General Motors Corp is good for the country.

BOSTON (Reuters) - General Electric Co reported a drop in quarterly profit that matched its recent warning to Wall Street, and the U.S. conglomerate said the global credit crunch and slumping economies would continue to take a toll on its hefty finance arm.

(Reuters) - J.P. Morgan Securities said more large-cap U.S. banks are likely to face earnings declines that could pressure capital ratios and impact dividends at some other banks as credit quality continues to deteriorate.

NEW YORK (Reuters) - Financing is getting pricier and more elusive for companies that file for bankruptcy.

WASHINGTON - New applications for unemployment benefits dropped last week from a seven-year high, the Labor Department said Thursday, though claims remain at elevated levels that indicate recession.