"This announcement by Dubai World was a surprise to everyone, including many money market participants in Abu Dhabi," Mohsin Khan from the Peterson Institute for International Economics said Monday. "Abu Dhabi is the guarantor of Dubai debt… So the assumption was that they would come out and support Dubai."
A US senator opposed the re-election of Ben Bernanke as Federal Reserve chairman, saying he is "part of the problem." "It reflects the fact that the financial bell measures in the United States are very unpopular," Dr. Douglas Holtz-Eakin, former economic advisor to George W. Bush and George H.W. Bush, said Monday.
Compass Group beat expectations with its full-year earnings Wednesday after an extensive cost-cutting strategy helped the catering group's bottom line. "The revenue outlook is flattish … but we would expect to grow the margins again," CEO Richard Cousins told CNBC.
Recession-wary consumers are regaining their appetite for ready-meals, according Greencore. Patrick Coveney, CEO of Greencore, told CNBC the outlook for the Irish food company was improving.
Heinz profit fell 16 percent, but the company beat analyst estimates on emerging-market growth. William Johnson, chairman and CEO of Heinz, talks to CNBC.