ROMANS: Welcome back. "Minding Your Business" this morning. It's Columbus Day here in the U.S., but markets and most banks, they're still open for business today. The focus, though, remains on Europe's banking crisis, an effort by France and Germany to contain it. Right now, U.S. futures are pointing to a higher open this morning. European markets are leading the way after German chancellor, Angela Merkel, and French president, Nicolas Sarkozy said Sunday that they have come to an agreement to fix the Euro zone. Parts of that plan include recapitalization of some of the EU's biggest banks. More details about the plan will be available later this morning. We were wondering if maybe nationalization could be part of the answers of the banking crisis, especially after the bank, Dexia, secured a bailout this morning from the French, Belgian, and Luxembourg governments. The bailout was a total of about $121 billion. This is significant to the U.S. because Dexia is a big backer of many local U.S. government bonds and loans. And Netflix caving to pressure from customers this morning. The company says it's scrapping plans to rebrand its DVDs by mail service under the new name, Qwikster. A spokesman told the "New York Times" that the company, quote, "greatly underestimated the value of having everything under one website in a single service." The company has been struggling with the public message since summer when it got a huge pushback for jacking up its prices. Don't forget, for the very latest news about your money, check out the all new CNNMoney.com. We're right back after this break.
Dexia Bank Secures $121 Billion Bailout; Netflix Scrapping 'Qwikster' Rebranding