David Drumm expected to sell a Cape Cod home shortly

Former Anglo Irish Bank chief executive David Drumm is expected to offload one of his houses in Cape Cod, Massachusetts, shortly. On Friday bankruptcy trustee Kathleen Dwyer filed an application to employ Christopher Rhinesmith of Pine Acres Realty as real estate broker. It follows documents filed last Tuesday regarding the trustee and Drumm's wife Lorraine "respecting disposition of Chatham property".

Drumm purchased the $2.6m bungalow using a $1.8m mortgage.

Drumm is seeking to be declared a bankrupt in the US and recently submitted a document to the court showing he had completed a financial management course.

Quinlan to continue to aid QCrest

Businessman Derek Quinlan, who has relocated to Switzerland, has indicated he will "continue to make funds available to enable the company to meet any liabilities as they fall due" at his QCrest Management Services (Mayfair) vehicle, which has ceased trading. The company has a deficit in its shareholders' funds of more than €300,000.

Logo reboot leaves Starbucks regulars a little frappé

What's in a name? For the world's largest coffee chain, Starbucks, it would seem the answer is "not very much". A multi-million-dollar revamp of the 18-year-old logo has been applauded by branding experts but left loyal customers aghast.

The absence of the words 'Starbucks' and 'coffee' from the new symbol, unveiled last week after nearly a year of painstaking design work and consumer testing, was described by the Seattle-based corporation as an "evolution" of the previous logo, allowing it to expand into a range of new grocery products from instant coffee to ice cream. Retail experts said the rebranding meant Starbucks wants to move beyond its core business into new products.

Gannon Homes lost more than €50m in 2008

Gannon Homes, the development company controlled by Gerry Gannon, lost more than €50m in 2008, according to newly filed accounts.

A further €3.7m accounting loss was made on an unrealised surplus arising from a previous revaluation of investment properties.

The company developed 91 social and affordable housing units under a licence agreement with Gerry Gannon but no fee has been agreed.