Allying itself with Carl Icahn, Microsoft says it's open to restarting talks with Yahoo if Yahoo's board is replaced. [WSJ]
JPMorgan chief Jamie Dimon is calling for the SEC to investigate Bear Stearns' collapse, saying short-sellers who knowingly spread misinformation about the bank "should go to jail." [Dealbook]
Shares of mortgage financing behemoths Freddie Mac and Fannie Mae crumbled yesterday, dragging down global markets. [NYT]
Federal Reserve chairman Ben Bernanke said this morning that next week the Fed will issue new lending rules to restrict subprime and "exotic" home loans. [NYT]
German industrial conglomerate Siemens will cut 16,750 jobs worldwide, or 4% of its workforce. [Reuters]
