Tishman sends its $5.3 billion investment in 11,000 apartments back to its bankers. The move involves two massive developments in Manhattan: Stuyvesant Town and Peter Cooper Village.

GM said Monday that interim CEO Ed Whitacre will stay on permanently, and Whitacre laid out a plan to pay back federal bailout money. Both announcements were viewed as positive signs.

In the federal trial on California's Prop. 8, defenders of the voter ban on gay marriage called their first witnesses Monday. Defense lawyers argue that gays and lesbians in California enjoy plenty of political power and do not need extra constitutional protection.

AP - Facing voter anger over mounting budget deficits, President Barack Obama will ask Congress to freeze spending for some domestic programs for three years beginning in 2011, administration officials said Monday. Separately, Obama unveiled plans to help a middle class "under assault" pay its bills, save for retirement and care for kids and aging parents.

AP - Bolstered by a White House lobbying effort that included the president, Federal Reserve Chairman Ben Bernanke's chances at a second four-year term improved Monday, calming a stock market that had grown anxious over the uncertainty of his support.

AP - Suicide bombers struck in quick succession Monday at three Baghdad hotels favored by Western journalists in well-planned assaults that killed at least 37 people and wounded more than 100.