Operation Toblerone: Yahoo Closing London Offices; Geneva Will Be Euro HQs; 70 Managers Told To Move

Operation TobleroneYahoo (NSDQ: YHOO), which had been threatening its European operations for the last year to shape up or they would be shipped out, has done just that: it is moving its European headquarters from London to Switzerland, with 70 of its top managers in the UK told to relocate or lose their jobs, reports FT. The move, nicknamed Operation Toblerone, was made for corporate tax reasons, the story says citing a source.