He of the vast riches?

As Prada fashion house boss Patrizio Bertelli celebrates in Palermo on Wednesday the launch of his latest bid to win the America’s Cup, two teams have announced their withdrawal from next week’s world series regatta in Naples.

British Olympic team members Nick Dempsey and Bryony Shaw were in strong form at the world windsurfer championships in Cadiz, Dempsey taking silver and Shaw finishing fourth as strong winds put paid to any more racing.

A last ditch attempt by the city's port authorities to rescue a vital component of the America’s Cup in San Francisco next year is being hammered out with the event organisers.

A legal petition by a leading San Francisco politician to derail progress on preparations for next year’s America’s Cup has been lodged in the California courts.

Britain’s triple Olympic gold medallist Ben Ainslie will be helping the Americans to defend the America’s Cup next year in a strange hybrid deal announced today at London’s Festival Hall.

The possibility of Michael Page becoming a takeover target again was in focus last night following rumours Adecco could be gearing up for another attempt at the recruiter.

When news hit Cambridge that Autonomy had surrendered to a £7.1bn takeover by US giant Hewlett-Packard, there were both cheers and tears in the "Silicon Fen".

Shares in Autonomy soared by more than 70 per cent yesterday after the surprise news that it had accepted a £7bn takeover offer from Hewlett-Packard. Analysts believe that, despite the "very generous offer", a bidding war could break out.

Revenge was sweet for Dean Barker and his Emirates Team New Zealand as they grabbed the first fleet trophy of the America’s Cup World Series off Lisbon in a winner-takes-all single race.

For the first time in its long history, the America’s Cup is to see the resignation of the Challenger of Record and the appointment of a replacement.

As Microsoft announced a $8.5bn (£5.2bn) deal to buy Skype, investors were hungry for further takeover activity in the technology sector last night after bid chatter pushed Sage high up the blue-chip index's leaderboard. The software company surged forwards 10.2p to 296p following the emergence late in the session of vague speculation that it could be about to receive an approach.

Philippe Dauman, the boss of the media giant Viacom, was the highest-paid chief executive in the US last year, with a compensation package worth $84.3m (£51m), according to the definitive survey of companies' regulatory filings.

Having revisited their 1960s landmark Odessey and Oracle a few years back, Rod Argent and Colin Blunstone here revive The Zombies as a going concern, with a new album that repositions the band within the sonic lineage of Steely Dan.