Yahoo CEO and five board members step down as Ross Levinsohn named interim CEO and Scott Thompson discloses he has cancer.

Apple drops "4G" from UK iPad ads and reportedly bringing retina display to MacBook Pro while Foxconn prepares for Apple TV production.

Facebook co-founder renounces U.S. citizenship to avoid $600M in taxes as almost-over IPO roadshow focuses on mobile and Apple co-founder Steve Wozniak wants in. (Also, wish Mark Zuckerberg a happy 28th birthday today.)

ABC bids adieu to Desperate Housewives.

Ally mortgage unit files for bankruptcy.

Avon weighs sweetened offer from Coty. (Update: Coty withdrew its offer late Monday.)Continue reading...

Amazon dinged for dodging U.K. taxes.

AOL revamps and sees Arianna Huffington gain more control.

Bravo looks to first original scripted series.

Burger King sees Mary J. Blige weigh in on ad controversy as new investor talks tough about McDonald's.

Chrysler got legal shield on old models in Chapter 11 process, newspaper says.

Courtyard contrasts travel hassles with comforts in new campaign.

Ford plans to boost production in China as GM sees China sales climb.

Fox News hires Santita Jackson, daughter of Jesse Jackson, as contributor.Continue reading...

Airbus sees more jet orders held up in emissions row with China.

American Airlines races against clock in bankruptcy court.

Apple faces pressure over app store fraud as fans line up around the world for new iPad.

BCE buys Astral Media for $3 billion, shakes up Canadian media landscape.

Centers for Disease Control launches grisly new anti-smoking ad campaign.

China corporate espionage makes cover of Bloomberg Businessweek.

Cisco increases focus on video delivery with purchase of NDS.

Derek Lam resigns as creative director of Tod's.

Disney pulls in movie production reins after John Carter flops.Continue reading...

Amazon's original programming plans draws speculation.

Apple prepares for iPad (HD?) reveal frenzy today while new device also could be boon for Verizon Wireless; and company receives key patent for iWallet.

Arby's uses holistic approach to social media to boost Klout score.

Bank of America is bullish on girl power.

Bentley's 'ugly' SUV the talk of the Geneva Motor Show.

Boeing forms alliance with Chinese jet maker.

Carbonite sees stock price drop after withdrawing advertising from Rush Limbaugh, as radio host sees 30+ advertisers leave, including Netflix.

Chevron faces criticism after gas-rig fire off Nigeria.

Cosmopolitan reaches 100K paid digital subscriptions.Continue reading...

Apple slashes iAd pricing again as mobile ad share declines as its stock price and size cloud analysts' view of the rest of the economy.

Avon names new CFO to steer it through scandal and layoffs as it woos HSN CEO Mindy Grossman to take over.

Boeing locks in biggest order with Lion Air.

Carnival Cruise social-media strategy examined in wake of Italy disaster.

Embraer shows off Jackie Chan jet in China.

Heineken to cut costs, invest in emerging markets.Continue reading...