InBev said that it would seek to remove the entire board of Anheuser-Busch as part of its $46 billion hostile bid for the U.S. brewer.

Marcus W. Brauchli, a former top editor of The Wall Street Journal, will succeed Leonard Downie Jr.

The airline said it would cut its pilot and flight attendant ranks, joining a growing list of airlines that have reduced their work forces in the face of high fuel prices.

Marcus W. Brauchli, a former top editor of The Wall Street Journal, will take over, people briefed on the matter said.

European Union legislators on Monday proposed ratcheting back an ambitious goal to raise Europe’s use of biofuels, signaling a significant retrenchment.

The Russian partners in BP’s joint venture attempted to fire the chief executive at a board meeting on Monday, but they were outvoted by directors nominated from the British side.

The newspaper will name Marcus W. Brauchli, a former top editor of The Wall Street Journal, as its executive editor, people briefed on the matter said.

Freddie Mac stock fell more than 21 percent, while Fannie Mae shares dropped 20 percent on concern the companies need to raise more capital amid larger-than-expected losses.

Microsoft said that it might be interested in negotiating a deal with Yahoo, including an outright acquisition, as long as Yahoo replaces its board.

Wall Street turned lower as investors reacted to cautious remarks about the economy by a Federal Reserve official and braced for the arrival of dismal quarterly corporate earnings.