Kirberts finance advice and news

BRUSSELS - InBev NV increased pressure on reluctant takeover target Anheuser-Busch Cos Inc on Monday with a plan to replace the United States rival’s board of directors, which had rejected its $46.3 billion takeover offer.

NEW YORK - Stocks fell on Monday on concerns that the top two mortgage providers would have to lift even more capital, severely devaluing existing shareholders’ stakes, while large energy companies fell along with oil prices.

LOS ANGELES (AP) — Mortgage lender IndyMac Bancorp Inc., struggling to lift capital to stay in business, has said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force….

SAN FRANCISCO (AP) — Microsoft Corp. threw its weight behind investor Carl Icahn’s effort to dump Yahoo Inc.’s board, saying Monday that a successful shareholder rebellion would encourage the software maker to renew its bid to purchase Yahoo’s Internet search engine or possibly the entire company….

NEW YORK (AP) — Oil prices tumbled nearly $4 a barrel Monday, erasing many of last week’s record gains in a single session as concerns about potential supply disruptions eased….

NEW YORK - IndyMac Bancorp Inc , one of the largegest United States mortgage lenders, has said on Monday it will eliminate 3,800 jobs and stop making most home loans after regulators concluded it was no longer “well capitalized.”

ST. LOUIS (AP) — The battle for America’s iconic beer turned nasty Monday, with brewer Inbev escalating its offer for Anheuser-Busch into a hostile bid while the maker of Bud accused the Belgian company of undervaluing its worth….

NEW YORK (AP) — Wall Street lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac….