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Groupon names Eric Lefkofsky as CEO

Groupon named co-founder Eric Lefkofsky as CEO, replacing Andrew Mason, who was fired from the online deals site in February amid growing concerns about its financial performance.

Yahoo! chief Mayer paid $36.6 mn for six months' work

Yahoo! chief Marissa Mayer hauled in $36.6 million in pay, bonuses and stock last year after just six months at the helm of the Internet firm, with some of that time spent on maternity leave.

India's Wipro shares dive after business split

Shares in India's third-biggest software firm Wipro tumbled more than 11 percent on Tuesday, its first day of trading as a standalone IT company since it hived off other businesses into a separate unit.

Few women, visible minorities among top decision makers

While women have gained ground, accounting for 31.2% of senior leadership roles in Montreal, visible minorities remain more markedly underrepresented in these ranks. In spite of accounting for 22.5% of the population, only ...

Panasonic, Sharp expect red ink despite yen help

Japanese electronics makers Panasonic Corp. and Sharp Corp. both stuck to full year forecasts for massive losses even as results for the latest quarter got a boost from the weaker yen.

LG Display posts profit but iPhone dims outlook

LG Display reported a $299 million profit for the fourth quarter Thursday thanks to mobile product launches by key customers including Apple Inc. but warned that earnings will decrease in the current quarter as demand for ...

Social media pays off for businesses, study shows

(Phys.org)—Customers who connect with a business through social media will go to the business more frequently and contribute more to its bottom line, according to a new study from the University at Buffalo School of Management.

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