Jerry Yang began his biggest public presentation since becoming chief executive of Yahoo with something of an apology. “Im guessing that a lot of you are here today to see what the new look and new face of Yahoo is all about,” he told an audience of some 1,500 technology enthusiasts at the Consumer Electronics Show in Las Vegas last week. “Well, Im sorry to disappoint you. Its still the same old face. Ive been around since the beginning.” Yang, a co-founder of Yahoo,...

Private health firm Bupa is set to buy a controlling stake in DCA, its first acquisition in the elderly care sector in Australia, a market it has been targeting for growth - FT

UK oil services company, , is in talks with private equity group about a possible takeover - FT

Chairman of Ernst and Young, Mark Otty, says growth at the accountancy business will increasing be driven by - FT

The British Retail Consortium calls on the Bank of England to cut interest rates to boost consumer confidence - The Independent

Independent music labels are livid over the decision by the European Commission to approve the 2004 merger of Sony and BMG, complaining that the deal stifled competition - The Independent

internal review will include details of extensive redundancies across the group and the removal of layers of the management - Times

Siemens could face strike action from thousands of British workers over plans to close its pension scheme - Times

Sir Philip Green will work without a franchise for Topshop’s US expansion after he fails to find a viable partner - Times

Two of Merrill Lynch’s most senior bankers have left the business following the US sub-prime housing crisis - Daily Telegraph

Retail giant Wal-Mart clears final regulatory hurdle that will allow it to open bank branches in Mexico - Daily Telegraph

will introduce a smaller version of its Zune digital music player to lure customers away from Apple’s iPod - Daily Telegraph

O2 will launch its residential broadband service this month in a bid to attract customers nearing the end of their free trials with rivals - The Guardian

Brussels considers plans to increase control over the credit-rating agencies used by lenders, attempting to reduce the chances of another credit market crisis - The Guardian

Visa will appeal the 7m fine it received from the European Commission which ruled that the credit card operator has broken the law by stopping American bank Morgan Stanley from joining its network - The Guardian

And don’t miss the latest in-depth City news of thisismoney.co.uk, the Evening Standard and the Daily Mail…

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Northern Rock’s charity fights rushed sale
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Cadbury under fire as jobs go east
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For other companies, watch the New America Report. With oil prices soaring, the major energy outfits are willing to spend big bucks searching for new sources of supply in deep waters. The daily rate that operators pay to rent a high-end, deep-water drilling rig is $500,000 to $550,000. That’s up from a day rate of $450,000 to $500,000 a year ago. “These companies are spending $1 million every two days to rent these rigs,” said Dan Pickering, director of research at Tudor,...