Client assignments, executive appointments and other news of the advertising industry. Read more..

By STUART ELLIOTT - The New York Times

Two congressmen urged investigations into possible taxpayer losses related to Goldman deals, and the British prime minister asked his nation’s securities regulator to investigate. Read more..

By GRETCHEN MORGENSON and LANDON THOMAS Jr - The New York Times

Ever since the airline industry was deregulated more than three decades ago, the nation’s top carriers have operated under a basic premise: bigger is better. But bigger has not quite turned out to be the cure-all, The New York Times writes. Read more..

By DEALBOOK - The New York Times

Attorney General Jerry Brown of California is taking Moody’s Investors Service to court, arguing that it is not cooperating with his investigation of whether the three main credit-rating agencies acted improperly in assigning triple-A ratings to questionable mortgage-backed securities. Read more..

By CYRUS SANATI - The New York Times

Citigroup said Monday that it was “not involved” in the government’s fraud investigation into Goldman Sachs’s subprime mortgage dealings, but the bank once again acknowledged that regulators were looking at its subprime business. Read more..

By CYRUS SANATI - The New York Times

After just 10 months as Citigroup’s top deal maker, Edward J. Kelly III — known as Ned — will be taking on expanded responsibilities as the firm’s chairman of global banking. Read more..

By ERIC DASH - The New York Times

If Goldman Sachs is guilty of what the S.E.C. is charging — that the bank created and marketed securities that were deliberately designed to fail so that an important client could make money off that failure — it amounts to white-collar looting, The New York Time’s Paul Krugman wrote in his latest Op-Ed. Read more..

By DEALBOOK - The New York Times

United Chemical UralChem seeks to raise from $496 to $642 million in an initial public offering of shares in London, not including an over-allotment option, the Russian chemicals company said Monday, Bloomberg News reports. Read more..

By DEALBOOK - The New York Times

Economists are considering when and to what extent the extra costs companies are incurring will start to damage Europe’s economy. Read more..

By JACK EWING - International Herald Tribune