Freddie Mac and Fannie Mae Shares Already Sinking Again

FINANCE
• Shares of Freddie Mac and Fannie Mae initially went up after the Fed's moves over the weekend, but they've sunk again already. [NYT]
• American beer maker Anheuser-Busch agreed to be acquired by Belgium brewer InBev for $70 per share. [WSJ]
• How bad could the credit crisis get? History books could be the crystal ball. [WSJ]

MEDIA
• Former White House press secretary and Fox News Sunday host Tony Snow died this weekend after a three-year battle with colon cancer. [TVNewser/Mediabistro]
• Roger Ailes, the chairman of Fox News, bought his 142-year-old hometown paper, the Putnam Country News and Recorder, for an undisclosed amount of money. The circulation is about 3,000. [NYT]
• This month's Italian Vogue, which features all black models, is flying off the shelves. The glossy is going to publish 10,000 extra issues to accommodate the demand. [WWD]

REAL ESTATE
• Tenants living on Gerard Avenue in the Bronx have long been able to watch Yankees games from their apartments — a perk they'll lose after this season. [NYT]
• Financiers are having trouble buying apartments, as lenders and co-op boards aren't willing to take risks on banker's bonus levels. [NYT]
• Columbia University continues its plan to take over the Upper West Side by paying nearly $7 million for the Nebraska Meat Corp building on Twelfth Avenue. [Real Deal]

LAW
• Law-firm heads wonder whether pro bono will slow down with the economic downturn. [Law.com]
• Is Thelen's New York City office now struggling because of its merger with Brown & Raysman a few years ago? [Above the Law]
• Savvy law students are bargaining down their law-school tuitions. [WSJ]