KuwaitInvestmentAuthority

Newspaper Al-Anba published a story saying BP's outgoing CEO Tony Hayward asked the Kuwait Investment Authority to up its stake to 3% to help protect the company from takeover bids. The authority says it received no such offer.

Now that many of the biggest banks have repaid their bailout loans, the Obama administration plans to cut the projected cost of TARP by $200 billion. But one big bank itching to repay Uncle Sam is reportedly facing a major hurdle.