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Yahoo planning reorganization: report

Market News
LOS ANGELES (Reuters) - Yahoo Inc is considering a reorganization to centralize its mail, search and homepage divisions into a global product organization, the Wall Street Journal reported on Thursday, quoting people familiar with the matter.

It said President Sue Decker is behind the move, in an attempt to improve coordination between product and global sales groups.

The move comes as Yahoo, which has ended talks for a tie-up with Microsoft Corp in favor of a search deal with Google Inc , tries to convince investors it will substantially improve its business.

It also comes as senior executives leave the company.

Vish Makhijani, general manager of Yahoo's Web search business, and Brad Garlinghouse, who oversaw services including e-mail and instant messaging, are leaving, according to technology and investment blog TechCrunch.

Qi Lu, the top engineer for Yahoo's Panama search marketing platform, was also leaving the company, TechCrunch said.

And Yahoo said at the beginning of the week that Jeff Weiner, recently executive vice president of the

Grupo Modelo CEO resigns from Anheuser-Busch board

Market News
ST. LOUIS (AP) -- The head of Mexican beer company Grupo Modelo is stepping down from the board of Anheuser-Busch Cos. Inc. as the remaining directors of the iconic American brewer of Budweiser are considering a $46 billion takeover offer from Belgian brewer InBev.

The resignation of Carlos Fernandez, president and chief executive of Grupo Modelo SAB, was announced Friday -- the same day the Anheuser-Busch board met in St. Louis to consider InBev's $65 a share offer for the nation's largest brewer.

Anheuser-Busch said in a statement its board did not respond to InBev's proposal after Friday's meeting, but would "continue to review and consider the proposal." InBev declined comment.

Anheuser-Busch shares slipped 38 cents to $60.67 Friday. The stock price has risen sharply since rumors of InBev's interest began earlier this spring.

St. Louis-based Anheuser-Busch did not say why Fernandez resigned. His departure leaves the board with 13 members.

"Carlos has always provided great value as a member of our board, with insights into the business," Anheuser-Busch president and chief executive officer August A. Busch IV said in a statement. "He remains a respected colleague."

Grupo Modelo said in a statement that Fernandez resigned from the Anheuser-Busch board "to avoid the

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