NEW YORK (Reuters) – Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book “Liar’s Poker,” says Wall Street bonuses at banks bailed out by Washington are “a very elegant form of theft.”

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Author Lewis equates Wall Street bonuses with “theft”

NEW YORK (Reuters) – Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book “Liar’s Poker,” says Wall Street bonuses at banks bailed out by Washington are “a very elegant form of theft.”

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Author Lewis equates Wall St bonuses with “theft”

NEW YORK (Reuters) – U.S. stock index futures were little changed on Monday following a strong rally to end last week’s session, when the Nasdaq closed at an 18-month high on better-than-expected February payroll data.

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Stock futures little changed after recent rally

NEW YORK (Reuters) – AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, in its second major asset sale in a week to repay the U.S. government billions of bailout money.

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MetLife to buy AIG’s Alico unit for $15.5 billion

LOS ANGELES (Reuters) – Whole Foods Market Inc investors will vote on Monday on a proposal that would make it easier for shareholders to oust a director whose conduct they deem inappropriate.

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Whole Foods investors to vote on board removal rule

BEIJING (Reuters) – Any rise in the yuan’s exchange rate will be gradual, China’s trade chief said on Monday in comments that underline the competing interests at the heart of Chinese policy-making.

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China cautions against expecting fast yuan rise

TOKYO (Reuters) – Toyota Motor Corp’s president said on Monday he believed that sales in North America could recover in March after a sharp decline last month when the automaker suspended sales of some recalled models.

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Toyota chief says sees U.S. sales recovery ahead

PERTH (Reuters) – Royal Dutch Shell and PetroChina jointly bid more than $3 billion for Australia’s Arrow Energy , marking a Chinese firm’s first foray in the country’s burgeoning coal-seam gas sector and sending Arrow’s shares soaring by nearly half.

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Shell, PetroChina bid $3 billion for Australia’s Arrow

(Reuters) – Gary Shedlin, who was most recently chairman of Citigroup’s investment banking effort for financial institutions, focusing on client relationships, is departing to join Morgan Stanley , Bloomberg said citing a person with knowledge of the matter.

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Citigroup exec to join Morgan Stanley: report

WASHINGTON (Reuters) – The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.

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Senators wrestle with Fed bank oversight issues

(Reuters) – U.S. regulators are encouraging public pension funds that control more than $2 trillion to inject capital directly into the banking system by buying failed lenders, Bloomberg said, citing people briefed on the matter.

FDIC prodding pension funds to invest in failed banks: report

(Reuters) – Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury, the Wall Street Journal said, citing people familiar with the matter.

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Kraft under probe over Cadbury deal in UK: report

WASHINGTON (Reuters) – Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday.

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Economists see Fed rate hike in 6 months

(Reuters) – U.S. real estate investor Andrew Farkas is all set to buy Centerline Holding Co, a provider of real estate financial and asset management services, by investing $100 million in equity in the company, the Wall Street Journal said.

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Farkas all set to buy Centerline Holding Co: report

TOKYO (Reuters) – Shares of Fujitsu Ltd , Japan’s largest IT services firm, fell more than 4 percent on Monday amid a dispute with former president Kuniaki Nozoe over the circumstances that led to his abrupt resignation last year.

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Fujitsu shares fall in row over ex-president’s exit