By Seda Sezer and Daren Butler ISTANBUL (Reuters) - Turkey ordered the detention of 42 journalists on Monday, broadcaster NTV reported, under a crackdown following a failed coup that has targeted more than 60,000 people, drawing fire from the European Union. The arrests or suspensions of soldiers, police, judges and civil servants in response to the July 15-16 putsch have raised concerns among rights groups and Western countries, who fear President Tayyip Erdogan is capitalizing on it to tighten his grip on power. EU Commission President Jean-Claude Juncker questioned Ankara's long-standing aspiration to join the EU.
Yahoo agreed to sell its core assets to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms announced Monday. The acquisition, expected to close in early 2017, will exclude Yahoo's cash, certain patent holdings, and its big share in China's Alibaba Group and stake in Yahoo Japan. The deal will leave Yahoo as a separate investment company that will change its name after the transaction.
By Paul Sandle and James Davey LONDON (Reuters) - Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by MPs said, calling the collapse of the stores group "the unacceptable face of capitalism". Billionaire Green, 64, owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound last year. The business was sold with a 571-million-pound hole in its pension fund, which if not filled will leave 20,000 pensioners facing significant cuts to their income.