BUSINESS NEWS

• Boeing talks with striking machinists break down 10/13/2008, 10:15 p.m. ET
SEATTLE (AP) — Negotiations aimed at resolving a five-week walkout by Boeing Co. commercial jet production workers broke down late Monday.

• Manic Monday: Dow roars back from worst week ever 10/13/2008, 9:48 p.m. ET
NEW YORK (AP) — Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.

• Nikkei index soars more than 11 percent 10/13/2008, 8:45 p.m. ET
TOKYO (AP) — Japanese stocks are soaring in early trading following spectacular rallies in markets across the global.

• Banco Santander buying rest of Sovereign for $1.9B 10/13/2008, 8:17 p.m. ET
(AP) — Banco Santander of Spain said Monday it would buy the other three-quarters stake in Sovereign Bancorp that it doesn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of soured mortgage-related debt.

• Bush to announce expanded bank bailout details 10/13/2008, 8:16 p.m. ET
WASHINGTON (AP) — The Bush administration plans to spend as much as $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials said Monday night. President Bush planned to announce the details Tuesday morning.

• The Dow Jones industrials' moves since Lehman fall 10/13/2008, 7:59 p.m. ET
(AP) — How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. After Lehman's fall, the credit markets seized up, generally sending stocks plunging and eventually leading to the creation of the government's financial rescue plan. The numbers are the closing levels for the Dow:

• Banco Santander buying rest of Sovereign for $1.9B 10/13/2008, 7:49 p.m. ET
NEW YORK (AP) — Banco Santander of Spain said Monday it would buy the other three-quarters stake in Sovereign Bancorp that it doesn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of soured debt related to mortgages.

• Manic Monday: Dow roars back from worst week ever 10/13/2008, 7:21 p.m. ET
NEW YORK (AP) — Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.

• Bush critic Paul Krugman wins economics Nobel 10/13/2008, 7:08 p.m. ET
PRINCETON, N.J. (AP) — Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in economics Monday for his work on international trade patterns.

• Study: Vioxx risk lingered after use of painkiller 10/13/2008, 7:02 p.m. ET
TRENTON, N.J. (AP) — A doubled risk of heart attack, stroke and death persisted at least a year after people stopped taking withdrawn painkiller Vioxx, according to an analysis of long-term data from the study that led drugmaker Merck & Co. to stop selling the drug.

• Study: Vioxx risk lingered after use of painkiller 10/13/2008, 7:01 p.m. ET
TRENTON, N.J. (AP) — A doubled risk of heart attack, stroke and death persisted at least a year after people stopped taking withdrawn painkiller Vioxx, according to an analysis of long-term data from the study that led drugmaker Merck & Co. to stop selling the drug.

• US, bankers rework bailout plan; stocks surge 10/13/2008, 6:56 p.m. ET
WASHINGTON (AP) — The Bush administration plans to greatly expand protections for the U.S. banking system out of deep concern for the faltering economy, an industry official said Monday night after banking executives and top federal officials met to revamp the largest bailout plan in the nation's history. President Bush was to announce the expansion Tuesday morning.

• Commodities surge on huge Wall Street rally 10/13/2008, 6:26 p.m. ET
NEW YORK (AP) — Commodities prices shot up Monday as U.S. and European governments intensified their efforts to revive the global banking sector — prodding investors to put some of their money back into financial markets.

• World stocks surge on bank rescue plan 10/13/2008, 6:09 p.m. ET
LONDON (AP) — Stock markets around the globe soared Monday on hopes that government rescue efforts will shore up the world's battered financial system.

• GM to close stamping plant near Grand Rapids 10/13/2008, 5:32 p.m. ET
DETROIT (AP) — The U.S. automotive sales slump worked its way to two Midwestern automaking towns Monday when General Motors Corp. announced it would close a Michigan metal stamping plant and stop making sport utility vehicles in Wisconsin by the end of the year.

• Restaurants may change menus, hike prices in 2009 10/13/2008, 5:31 p.m. ET
NEW YORK (AP) — Beef may not be what's for dinner at your favorite restaurant come 2009.

• Morgan Stanley gets lifeline, is ready for deals 10/13/2008, 5:26 p.m. ET
NEW YORK (AP) — Morgan Stanley averted disaster with a $9 billion lifeline from a major Japanese bank, and on Monday declared it will use that money to pick off smaller rivals.

• Morgan Stanley, GM, Tiffany are among big movers 10/13/2008, 5:07 p.m. ET
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

• New service to stop loose lips from crashing cars 10/13/2008, 5:07 p.m. ET
NEW YORK (AP) — When David Teater's 12-year-old son, Joe, was killed in 2004 by a driver who was talking on a cell phone, he tried to cut back on his own habit of driving and talking. It turned out to be very difficult.

• Chrysler CEO says no deal to announce 10/13/2008, 5:07 p.m. ET
NEW YORK (AP) — The chief executive of Chrysler LLC said Monday that his company hasn't reached any new deals with other automakers but has spoken with outside parties interested in working with the Dodge and Jeep maker.

• Europe puts more on the line for banks than US 10/13/2008, 5:02 p.m. ET
PARIS (AP) — Europe put $2.3 trillion on the line Monday to protect the continent's banks, a figure that dwarfs the Bush administration's $700 billion rescue program, in its most unified response yet to the global financial crisis after a stumbling start.

• Oil prices rebound after last week's huge losses 10/13/2008, 4:58 p.m. ET
NEW YORK (AP) — Oil prices rebounded from a 13-month low Monday, pushing above $81 a barrel after the dollar weakened and investors trickled back into financial markets on hopes that a globally coordinated rescue plan will stave off an economic crisis.

• Procter & Gamble's global growth 10/13/2008, 4:47 p.m. ET
(AP) — Cincinnati-based Procter & Gamble Co., the world's largest consumer products company, is increasingly looking to emerging markets for growth:

• Summary: Business issues in emerging markets 10/13/2008, 4:47 p.m. ET
(AP) — NEW CUSTOMERS: U.S.-based consumer products companies are increasingly looking overseas to emerging markets for sales growth lacking at home. But developing countries can be volatile places to do business.

• Selling soup in China, Russia takes culture shift 10/13/2008, 4:47 p.m. ET
MOUNT LAUREL, N.J. (AP) — Campbell Soup Co. found that selling its products to soup lovers in other countries isn't as easy as it seems.

• New markets, new problems for US companies 10/13/2008, 4:47 p.m. ET
CINCINNATI (AP) — With Russian troops pushing into Georgia, Keith Harrison was working his e-mail back in Cincinnati.

• Ag futures rise on Chicago Board of Trade 10/13/2008, 4:36 p.m. ET
CHICAGO (AP) — Agriculture futures rose Friday on the Chicago Board of Trade.

• New vodka ad from Diddy sees good times — at home 10/13/2008, 4:22 p.m. ET
MILWAUKEE (AP) — Celebrating in the new economy could mean more time at home and less time in the bars, Sean "Diddy" Combs says.

• Waste Management drops bid for Republic 10/13/2008, 4:21 p.m. ET
HARTFORD, Conn. (AP) — Waste Management Inc., the nation's largest garbage hauler, on Monday withdrew its $6.73 billion bid to acquire smaller rival Republic Services, saying the move wouldn't be prudent given current financial market turmoil.

• Analog's twilight: Slowly, digital trumps physical 10/13/2008, 3:56 p.m. ET
(AP) — Sometimes, in the decades after he came home from World War II, it seemed as if the movie camera was surgically attached to Christoffel Teeuwissen's hand.