SEATTLE -- Washington Mutual Inc., the country's largest savings and loan, is close to landing a $5 billion cash infusion from private equity group TPG and other investors, a person familiar with the matter said Monday.

A drop in oil prices helps the Dow rise 215 points and nearly recover from the previous day's decline. Stocks rebounded Tuesday from a sharp decline the day before as investors took comfort from a drop in oil prices and a big cash infusion into ailing Citigroup .

Aug. 17 (Bloomberg) -- Bear Stearns Cos. moved to cut jobs at two home-lending units because of the housing slump even as a 13 percent increase in shares of the fifth-largest U.S. securities firm signaled that it may be close to getting a cash infusion from an investor.