Quick Overview

• The Federal Reserve agreed to convert Morgan Stanley and Goldman Sachs into traditional bank holding companies. The move effectively put an end to the investment banking industry, 75 years after its creation.
  

• (Reuters) - The dollar weakened broadly on Monday as the U.S. government's $700 billion bailout plan aimed at easing a global credit crisis raised renewed concerns about the country's massive budget deficit.
  

• Cargo volume at major US retail container ports is expected to fall 6% in 2008 compared with 2007 on the back of the global economic slowdown, according to the monthly Port Tracker report.
  

• Clarkson, the London shipbroker, says world containership orders fell 49% so far this year as charter rates slump, freight rates come under pressure and growth volumes shrink on major trade lanes.