Yahoo promised "not to screw it up" as it formally announced its acquisition of the Tumblr blogging platform for $1.1bn ahead of the US stock market opening on Monday.
The bosses of some of Britain's largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month.
The FTSE 100 closed at its highest level for 13 years today as investors continued to plough into shares. The London blue-chip index closed above its pre-financial crisis high of 6,732.4 hit in June 2007 at 6,755.6 today.
Shares in FirstGroup plunged 30 per cent on Monday as investors balked at a �615m rights issue and the scrapping of its dividend.
Households struggling with rising costs were told in no uncertain terms today to expect the squeeze on their incomes to continue for the foreseeable future as the influential Ernst & Young ITEM Club warned above target inflation would be a fact of life for at ...