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Breaking News

Robin Gibb, Bee Gee, dies of cancer at 62.

Unpaid jobseekers to care for hospital patients.

HP prepares to cut up to 30,000 jobs.

Facebook valued at $104bn.

Steve Alexander, who was recently promoted to trading lead at Channel 4, is to retire from Channel 4 after 20 years at the company.

Ocean Outdoor, the digital and large format outdoor media owner, has changed ownership following a £35m management buyout, backed by LDC Capital, the venture capital arm of Lloyds Banking Group.

Yahoo’s chief executive Scott Thompson has resigned from his post amid rumours of health concerns, ending a turbulent five months at the helm that have been dogged by accusations he embellished his credentials for the role.

Yahoo’s interim chief executive Ross Levinsohn has rejigged the company’s management team, naming Mollie Spilman, head of marketing for the Americas, as its new chief marketing officer.

3I GROUP
The British private equity firm promoted its investment head Simon Borrows to the post of chief executive. Borrows, who founded the European operations of independent investment bank Greenhill & Co, has been close to the company for two decades.

NOMURA HOLDINGS INC
The brokerage appointed Tony Hayden as the managing director and head of its Delta One business. Hayden most recently was the head of Delta One trading for North America at JP Morgan . Nomura also hired Jason Osier to lead its single stock derivatives trading team.

CANTOR FITZGERALD LP
The brokerage appointed Al Milano as the head of mortgage sales at its New York office. Milano was earlier with Salomon Brothers.

WILLIAM BLAIR & CO
The global investment banking and asset management firm roped in three executives from brokerage Morgan Keegan to expand its technology investment banking group. Robert Abbe and Per-Ake Stahl join as managing directors and Charles Ruppert as vice-president in its San Francisco office.

WELLS FARGO & CO
The Wells Fargo International Group, part of Wells Fargo & Co, has appointed Shoar Hassan as the regional manager for the Middle East and North Africa at its Global Financial Institutions (GFI) group.

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