According to Reuters, AIG (AIG) fired its CEO and replaced him with the company’s chairman.
Reuters reports that Carl Icahn says the Yahoo! (YHOO) deal with Google (GOOG) has merit.
Reuters writes that the CEO of Skype says he has full support from his parent, EBAY (EBAY).
Reuters reports that the FCC chairman will back the Sirius (SIRI) merger with XM (XMSR).
Reuters writes that InBev has cautioned Anheuser-Busch (BUD) about doing a deal with Modelo.
Reuters reports that Carl Icahn is likely to lose his proxy fight with Biogen.
The Wall Street Journal reports that two Bear Stearns hedge fund managers may face criminal charges over the collapse of their funds.
The Wall Street Journal writes that Sony (SNE) will launch the show "Angel of Death" online.
The Wall Street Journal writes that Moody’s (MCO) has begun to include online sales of retailers when setting credit ratings.
The Wall Street Journal writes that Cisco (CSCO) has released it projections for online video growth.
The Wall Street Journal writes that IBM (IBM) has started to develop solar technology.
The Wall Street Journal writes that the EU is planning to regulate bond rating agencies.
The Wall Street Journal writes that Wall St. has slashed earnings estimates for Morgan Stanley (MS) and Goldman Sachs (GS).
The Wall Street Journal writes that working out the financial details of spinning out Motorola’s (MOT) handset division will be hard.
The Wall Street Journal writes that Chrysler will raise prices on its new car models.
The Wall Street Journal writes that Kellogg is shrinking boxes to pass costs on to consumers.
The New York Times writes that half of the profits of major Wall St. firms have disappeared in a year.
The New York Times writes that the AP will set rules for use of its content in blogs.
The FT writes that the Saudis may increase their oil supply.
The FT reports that investors who put money into US financial firms earlier this year have lost $10 billion.
Bloomberg reports that corn prices hit another record.
Douglas A. McIntyre
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