kuwait

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.

When the Abu Dhabi Investment Authority struck a deal with Citigroup in 2007 to buy $7.5 billion in equity shares in exchange for an 11 percent dividend, it agreed to convert those shares into common stock later. Now, with Citi's stock below $4, the $30-plus per share Abu Dhabi agreed to pay is looking like a really bad bargain.

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.

According to Politico, the Pentagon recently hosted a set of economic war games. Headquartered at Fort Meade, Maryland, the exercises employed hedge fund managers, college professors and business executives to help explore the ways in which America's opponents could use the tools of business to...