Interclick founder Michael Katz has sued Yahoo, alleging breach of contract because he was fired weeks before he was supposed to receive a bonus. Katz retained a leadership role at Interclick after it was purchased by Yahoo in 2011.
Britain's retail sales jumped 2.1% in February compared with January, the largest monthly increase since May 2008. UK consumers increased spending on electrical items, auto fuel and other products. Simon Wolfson, CEO of Next, said consumers have emerged from the downturn "in relatively good shape".
Simon Wolfson, CEO at Next, said he expects consumer spending to take a hit this year after the UK general election as the new government will likely raise taxes. "One way or another the government's got to reduce spending or increase taxation over the next four years by a significant amount. My guess is that we'll see the hardest hit early," Wolfson said.