A new version of the Firefox Web browser is scheduled for release Tuesday with improved security, speed and design. Many improvements in Firefox...

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A new version of the Firefox Web browser is scheduled for release Tuesday with improved security, speed and design.

Many improvements in Firefox 3 involve bookmarks. The new version lets Web surfers add keywords, or tags, to sort bookmarks by topic.

A new “Places” feature lets users quickly access sites they recently bookmarked or tagged and pages they visit frequently but haven’t bookmarked.

There’s also a new star button for easily adding sites to your bookmark list — similar to what’s on Microsoft’s Internet Explorer 7 browser.

Other new features include the ability to resume downloads midway if the connection is interrupted and an updated password manager that doesn’t disrupt the login process.

Firefox 3’s back button is now larger than the forward button, because people tend to return to a previous page more often, said Mike Schroepfer, the project’s vice president of engineering.

Firefox is the No. 2 Web browser behind Microsoft’s Internet Explorer. It comes from Mozilla, an open-source community in which thousands of people, mostly volunteers, collectively develop free products.

Mozilla has been developing Firefox 3 for nearly three years and has been publicly testing it since November for Windows, Mac and Linux computers.

Anheuser-Busch

Bidder InBev warns against Modelo deal

Belgian brewer InBev on Sunday warned Anheuser-Busch against doing a reported deal with Mexico’s Grupo Modelo, saying it could endanger the premium price it’s willing to pay for the King of Beers.

In a letter to CEO August Busch IV, InBev CEO Carlos Brito said his proposed $46 billion offer for the largest U.S. brewer was based on Anheuser-Busch’s current assets, business and capital structure.

The $65 per-share price offered is a rich premium from the company’s stock price of $58.35 Wednesday before the offer was made public. Anheuser-Busch’s shares ended trading Friday at $61.12.

The Wall Street Journal reported last week that Anheuser-Busch has begun negotiations for a potential merger with Grupo Modelo. Anheuser-Busch already owns a roughly 50 percent non-controlling stake in Modelo.

If the companies merge, the combination could be too big for InBev to purchase.

Jet Airways

Airline to establish own air-cargo unit

Jet Airways, India’s biggest domestic carrier, has scrapped plans for an air-cargo venture and will instead target the nation’s growing airfreight market through a fully owned unit.

Jet Airways wants to begin flying freighters as surging fuel prices and cutthroat competition squeeze margins on passenger flights. The carrier had been in talks with potential partners.

The airline will equip the new cargo unit by converting at least three of its existing Boeing 737 passenger planes into freighters.

Jet doesn’t intend to cancel aircraft orders. It had outstanding orders for eight Airbus A330s and 33 Boeing planes, including 10 787-8s, as of the end of May, according to the plane makers’ Web sites.

Carl Icahn

Financier blasts corporate culture

Billionaire financier Carl Icahn said if he wants a good laugh he just has to go to a company board meeting.

“Sooner or later, we’re all going to be run by morons,” he said during his commencement address at Drexel University in Philadelphia on Saturday.

The speech was a rare public address for Icahn. Though lambasted by critics as a corporate raider, Icahn has also won praise for fighting for shareholders’ interests.

Icahn is threatening a proxy battle to replace the Yahoo board for turning down a $47.5 billion takeover offer from Microsoft.

Compiled from The Associated Press and Bloomberg News