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By TIMES WIRES
Published September 28, 2006

A Busch will lead the brewer again

Anheuser-Busch said Wednesday that August Busch IV, left, will succeed Patrick Stokes as president and CEO, a move that puts a member of the Busch family back in charge of the nation's largest brewer. The board of directors of Anheuser-Busch Cos. elected Busch, 42, to the position effective Dec. 1. He is president of the flagship U.S. brewery unit of Anheuser-Busch. Stokes, 64, had led Anheuser-Busch since July 2002. He was named chairman of the board, also effective Dec. 1, succeeding August Busch III. The company said Stokes and Busch III will retire from executive functions at that time. "Anheuser-Busch is ready for the next generation of leadership," Busch III said, noting that his son has prepared himself by leading the U.S. brewery unit "through a period of great change and challenge."

A couple of bad CEOs

Comverse Technology Inc.: The fugitive former chief executive of the voice mail software maker has been captured in Africa after a two-month international manhunt, U.S. officials said. Details of the arrest of Jacob "Kobi" Alexander, above, in the Republic of Namibia were not immediately available. But U.S. Attorney Roslynn Mauskopf credited local officials in the southwest African nation for assisting the FBI in the capture.

The Children's Internet Inc.: The company that promises to protect children from inappropriate Internet content bilked more than $5-million from investors and used their money to pay gambling debts, according to a lawsuit filed Wednesday by the Securities and Exchange Commission. In addition to charging the Pleasanton, Calif., company, the SEC sued its 39-year-old chief executive, Sholeh Hamedani, and her father, Nasser Hamedani, 68, both of Danville, Calif.

Other chatter

PILOTS MIGHT GET FIVE EXTRA YEARS: The government is considering raising the mandatory retirement age for airline pilots from 60 to 65, the Federal Aviation Administration said Wednesday. The agency said the change is prompted by the United Nations organization that governs aviation, the International Civil Aviation Organization. ICAO will increase the international standard to 65 on Nov. 23. FAA administrator Marion Blakey ordered a forum of airline, labor and medical experts to recommend whether the United States should raise the age limit.

SINGAPORE MAY GET A UNIVERSAL STUDIOS: Singapore will become host to a Universal Studios theme park with 20 attractions if Malaysian gaming company Genting International Ltd. wins the bid for the city-state's second casino resort. Genting and Universal said at least 16 of the 20 rides and shows would be original or redesigned specifically for the Sentosa Island resort, the Straits Times reported.

[Last modified September 27, 2006, 23:41:59]