Yahoo will reveal ‘massive’ loss of user data

Yahoo! Inc. is preparing to disclose a “massive” data breach of its main service, Recode reported, just as Verizon Communications Inc. prepares to take over the ailing internet company’s core assets. The break-in was “widespread and serious” and is expected to be disclosed this week, the tech news website said, citing several anonymous sources close to the situation as saying. Such a revelation would confirm earlier  reports that the same hacker who’d stolen data from LinkedIn was now selling information from 200 million Yahoo accounts on a dark web marketplace.

Rolls-Royce taps Daily Mail executive for CFO

Rolls-Royce Holdings Plc extended a yearlong shake-up of top management by appointing an executive from the Daily Mail tabloid’s publisher to oversee accounts at the embattled plane-engine maker. Stephen Daintith, 52, will succeed  David Smith as chief financial officer next year, Rolls-Royce said in a statement yesterday. Smith, 55, is leaving the London-based manufacturer to “pursue other business interests” after three years in the post, only slightly longer than his predecessor. Daintith has spent much of his career in media, including previous positions at News Corp. and Dow Jones & Co.