Just what airplane travel needs: more reasons for people to be loud and drunk. Continental Airlines, soon to merge with United, has created fun specialty cocktails, like mojitos, to serve to passengers. Nothing says party like a stuffy tin box!

Continental and United Airlines have agreed to merge, creating the world's largest carrier.

A penguin that serves as something of a mascot for the military has just been knighted in Norway. Nils Olav, a 3-foot-tall King penguin, was bestowed the highest of honors in a fancy ceremony today-he inspected the ranks, and then returned to the zoo. In response to the wacky news, longtime rival nation Sweden announced plans to launch Björn Ulvaeus into outer space by spring 2009. [AP]

• JPMorgan announced that profits fell 52% due to write-downs, slightly less than the Street expected. [Bloomberg]