YAHOO REORGANISES IN WAKE OF CUTS
Yahoo’s new chief executive officer spelt out a new organisational structure and leadership team on Tuesday to try to bring growth back to the internet portal company.
ENERGY GROUPS AGREE TO TARIFF ADVICE
The six biggest energy companies have agreed to write to customers every year to advise them on their best tariff under a commitment secured by the coalition, Nick Clegg will reveal today. Mr Clegg’s intervention comes after a year in which the Big Six energy suppliers have faced widespread accusations of anticompetitive behaviour, confusing prices and profiteering.
BO XILAI’S WIFE HELD IN MURDER PROBE
China’s Communist party has formally dismissed Bo Xilai, one of its most powerful leaders, from his positions at the top of the ruling hierarchy and arrested his wife on suspicion of murdering British businessman Neil Heywood. The expulsion of Mr Bo and the arrest of his wife have sent shockwaves through the Chinese political establishment.
BRITAIN PUSHES ARMS TO INDONESIA
Britain will attempt to sell arms to Indonesia for the first time in 13 years today when defence companies arrive as part of David Cameron’s trade mission.
ZYNGA CHIEF IN SELECT CLUB AS SECURITY COSTS SOAR
Mark Pincus, chief executive of games developer Zynga, was paid an additional $1.37m (£863m) last year to cover security. This included $1.2m for the installation of a home security system.
The Daily Telegraph
FITNESS FIRST PUTS JOBS ON THE LINE
The new owners of gym chain Fitness First are considering plans to place part of the UK estate into a company voluntary arrangement (CVA), potentially putting many hundreds of jobs at risk.
CUTS IN LINE AT CORYTON REFINERY
At least one of the bidders for Petroplus’s Coryton refinery plans to use the site only as a terminal and storage facility, with the loss of a “very substantial” number of jobs, its administrators have said.
THE WALL STREET JOURNAL
AOL AGITATOR NOMINATES SLATE
A day after AOLannounced a surprise patent sale that will yield $1.1bn, activist investor Starboard Value LP said it remains unsatisfied with the company's key growth strategy and officially launched its fight for board seats.
CRACKER BARREL ADOPTS POISON PILL
Cracker Barrel Old Country Store has rolled out a new plan to guard against hostile takeover attempts to take effect if any shareholder takes a 20pc stake.