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Daily Business News Round Up 25/08




The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian


Yahoo to compete with Bing despite Microsoft deal - Yahoo Inc said on Monday it has revamped its search to compete against Microsoft Corp's Bing, even as it relies on the Redmond giant to power its queries.

The announcement of plans to put a new face on Yahoo Messenger and Mail and add functions to its search engine came after news that Google and Yahoo each lost a fraction of a point of U.S. search share to Microsoft last month. (full story)

Unmasked blogger Rosemary Port to sue Google for $15m - Google is to be sued for $15 million (£9 million) by an anonymous blogger who was unmasked by the internet search company.

Rosemary Port said that Google had failed to protect her right to privacy when the company obeyed a court order to reveal her name after she used her blog to accuse a former Vogue model of being a "psychotic, lying, whoring ... skank". (full story)

Rail firm optimistic despite loss - Railway operator Grand Central says it remains optimistic about its future, despite posting an £8m loss last year.

Although double the 2007 figure, the loss was "fully in line with the board's expectations", the firm said. (full story)


CBI sees graduate jobs freeze continuing
- A quarter of large employers are likely to freeze their hiring of new university graduates for the coming year, according to the CBI employers’ organisation.

A survey earlier this year showed about a quarter of large CBI members had halted graduate recruitment, and Susan Anderson, the group’s education and skills policy director, said: “We would probably envisage a similar number to be frozen in the next graduate round.” (full story)


Obama to reappoint Bernanke as Fed chairman
- US President Barack Obama will announce Tuesday a second term for Ben Bernanke as Federal Reserve chairman, following months of joint combat against the financial crisis.

A White House official said on condition of anonymity that Obama would break his vacation on well-heeled Martha's Vineyard off the US east coast to re-appoint Bernanke to a second four-year term beginning in January. (full story)

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