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Social media as important as face-to-face, say CEOs

Social media is set to become one of the most important forms of customer interaction, according to a new IBM study of more than 1,700 CEOs across 18 industries.

Mitchell & Butlers profits dip

Profits at All Bar One owner Mitchell & Butlers have shrunk. Must be all that rain.

The Grexit, Spanish flu and French cold feet

Greece's default looms large and Bankia teeters. Meanwhile, France attempts to edge away from the abyss.

JPMorgan's CEO sued over $2bn trading loss

America's largest bank just can't shake the attention from the international business community: their shareholders are suing.

CFOs in the UK 'more cautious' than in US

A study has found that more than half of the UK's financial officers plan tight controls on spending in the coming year.

Best Buy chairman resigns over company scandal

Quote of the day: 'I confronted him with the allegations (which he denied), told him his conduct was totally unacceptable and contrary to everything I, and the company, stand for.' The founder and chairman of electronics retail Best Buy, Richard Schulze's personal censure didn't quite cut it with the...

Facebook to raise its share price ahead of IPO

Stat of the day: $100bn+. As Facebook cracks on with its IPO road show, the social network has raised the price range, adding billions to its upcoming valuation.

Yahoo CEO steps down after CV embarrassment

Scott Thompson resigned over the weekend amid rumours he added a computer science degree to his CV.

Bankers win High Court battle to claim £42m in bonuses

Stat of the day: £42m. More than 100 bankers have won in their High Court attempt to recoup unpaid bonuses.

Yahoo CEO apologises for CV fibs

Quote of the day: "I want you to know how deeply I regret how this issue has affected the company and all of you." CEO of Yahoo, Scott Thompson has apologised to the board and all employees via a memo, for padding out his CV with a few porkies. "We have all been working very hard to move the company...

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