Stocks to watch for Monday, July 7, 2008:
 

• Anhueser-Busch's (BUD) entire board is in jeopardy as InBev has said it hopes to remove it after the company's $46 billion bid was denied. InBev plans to file a preliminary consent solicitation with the U.S. Securities and Exchange Commission Monday, asking Anheuser's board to consult shareholders over the firing of 13 current board members, reported the Associated Press.
• General Electric's (GE) NBC Universal said it had agreed upon a $3.5 billion cash deal to buy The Weather Channel from its owner Landmark Communications. Blackstone (BX) and Bain Capital have partnered with GE on this deal. The deal also includes several related assets such as weather services for newspapers and radio stations and the widely used Web site Weather.com.
• General Motors (GM) continues to struggle as it plans thousands more white collar job cuts and the sale -- or closing -- of more of its brands, in order to meet its forecast of returning to profitability by 2010, reported The Wall Street Journal. The job cuts will likely be approved in August, at which time management may also present the board with plans for raising additional cash.
• Merrill Lynch (MER), in striving to raise cash to make up for $6 billion in upcoming write-downs, is moving closer to selling its stakes in Blackrock (BLK) and Bloomberg, reported the WSJ. Its 20% Bloomberg stake could be worth about $5 billion while its 49% stake in BLK could fetch more than $12 billion.

Market Recap
 

• Asian trading closed with the Hang Seng +2.28%, Nikkei +0.92%, Sensex +0.54%, Taiwan +1.56% and Shanghai +4.59%.
• A glance towards Europe finds the CAC +0.52%, DAX +0.69%, FTSE +0.52%, ATX +0.64%, Swiss Mkt. -0.31% and Stockholm +0.14%.
• Commodities are down as crude oil trades -2.54 to 142.75 and gold -12.8 to 922.7 this morning.