According to Reuters, M&A activity is down sharply.

Reuters writes that Anheuser-Busch (BUD) turned down an offer from InBeve.

Reuters reports that Yahoo! (YHOO) has realigned its senion management

Reuters reports that China Mobile (CHL) said it was making progress with Apple (AAPL) on iPhone distribution.

The Wall Street Journal reports that Mozilo of Countrywide (CFC) helped many people get loans.

The Wall Street Journal writes that the Fed will make it easier for private equity firms to invest in banks.

The Wall Street Journal writes that IACI (IACI) will take a $300 million goodwill hit.

The Wall Street Journal write that the new Centro did not keep Palm (PALM) from a big loss.

The New York Times writes that a suit claims that UBS (UBS) misled investors.

The New York Times writes that Sony (SNE) has put together a plan to improve returns in its electronics businesses.

The Wall Street Journal writes that Ford (F) is offering buy-outs at some of its plants.

The Wall Street Journal reports that a memo from Microsoft’s (MSFT) Ballmer offers clues about what he will do with the company.

The New York Times writes that Chrysler brought back Lee Iacocca to give employess a pep talk.

The FT writes that Verizon (VZ) is pressing Vodafone (VOD) to exit its piece of Verizon Wireless.

Bloomberg writes that AIG (AIG) is facing another $5 billion in write-downs.

Douglas A. McIntyre

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