♦ Morgan Stanley closed its deal with Mitsubishi UFJ Financial Group. The $9 billion investment on the part of MUFJ gives it a 21 percent stake in the beleaguered bank. [WSJ, DB]
♦ U.S. stock futures rallied on Monday morning as government efforts to beef up the banking system reassured panicky investors. [WSJ]
♦ Treasury official Neel Kashkari outlined the government's efforts to bail out the financial system and resuscitate the economy this morning, although details were few and far between. [CNNMoney]
New York Times columnist and Princeton economist Paul Krugman won the Nobel economics prize this morning. He'll collect a $1.4 million check for the honor. [Economix]

♦ Barclays plans to sell more than $11 billion of shares to private investors. [Bloomberg]
♦ M&A is expected to be slow for the rest of the year—not including all those banking mergers related to the recession, of course. [Bloomberg]
♦ Spain's Banco Santander said it's in talks to buy struggling regional bank Sovereign Bancorp. [Marketwatch]
♦ Detroit spent the weekend considering the prospect that the Big Three automakers may soon shrink to the Big Two. [Dealbook]
♦ Waste Management, the largest trash hauler in U.S., has withdrawn its $6.73 billion hostile offer for Republic Services. [Bloomberg]