Reuters - The world readied on Monday for a slew of bank bailouts worth hundreds of billions of dollars in an effort to staunch the credit rout that threatens to tip the global economy into recession.

Reuters - Republican presidential nominee John McCain, scrambling to overcome Barack Obama's lead in the polls, will assure supporters on Monday he will bounce back even though his Democratic rival is already "measuring the drapes" at the White House.

AP - A dairy ensnared in China's chemical-tainting scandal says it was a victim of unscrupulous behavior by the independent providers from whom it buys raw milk.

Reuters - Democratic presidential candidate Barack Obama is leading his Republican rival John McCain 53 percent to 43 percent among likely voters, according to a Washington Post-ABC News opinion poll released on Monday.

AP - Most Asian stock markets recovered Monday after last week's historic sell-off as governments in Europe and beyond intensified efforts to stabilize the world's troubled financial system.