Bud-MLB

Anheuser-Busch and Major League Baseball yesterday settled the brewer’s suit over a con tract dispute that threat ened to turn off the Bud weiser taps at ballparks across the nation. Both sides toasted the multi- year extension of their three-decade-plus rela tionship without disclos ing terms of the out-of- court deal.

McCaw exit

Clearwire, which is building a nationwide high-speed wireless network, said Chairman Craig McCaw will step down today.

J. Crew bucks

Bank of America and Goldman Sachs are ar ranging $1.85 billion in debt financing to help J. Crew Group fund its $3 billion buyout.

Dynegy nod

Power producer Dyne gy’s board unanimously backed billionaire inves tor Carl Icahn’s $665 mil lion cash takeover.

Ally shares

Ally Financial, for merly GMAC, moved closer to regaining its in dependence as the gov ernment converted $5.5 billion of preferred stock into common shares.