Euan Sutherland thinks the Co-op group is "ungovernable" and I understand he offered his resignation last night at an emergency meeting.
Tropical fruit supplier Fyffes is to merge with US-based rival Chiquita in a deal creating the world's largest banana company.
The certainty the Governor of the BoE was trying to give borrowers by tying an increase in interest rates to unemployment has gone.
As part of their discussions, David Cameron said that Britain and Germany had agreed to work together for the abolition of mobile roaming charges across the European Union.
– David Cameron
We welcome the long-term ambition of the European Commission but we want to take steps that deliver benefits for businesses and consumers including complete elimination of mobile roaming charges.
Combining British ingenuity with German engineering would put the two countries at the forefront of a new technology-based "industrial revolution", he suggested.
– David Cameron
This is a world on fast forward. A world of permanent technological revolution.
And in this world, countries like the UK and Germany will only succeed if we have a relentless drive for new ideas and innovations.
Research funding to use the internet to improve everyday devices - such as fridges which can order more milk when it runs low - is to be doubled in a drive to make the UK a world leader in digital technology, David Cameron has said.
The Prime Minister announced an extra £45 million to develop the so-called "internet of things" as he arrived in Germany for the CeBIT 2014 trade fair.
He is attending the event in Hanover - where he is holding talks with German Chancellor Angela Merkel - as Britain is the official "partner country" of the event.
The Co-operative is to hand a £3.6 million pay deal to its chief executive, according to reports - despite facing a £2 billion loss after the biggest crisis in its history.
According to the Observer, Euan Sutherland will receive a base salary of £1.5 million this year, plus a £1.5 million retention payment. He joined the company in May last year, having been chief operating officer of B&Q owner Kingfisher.
The mutual argues that Mr Sutherland's proposed remuneration package will be in line with comparable firms and reflects the scale of the task he faces, the paper says.
But the pay award would come at a time when the group is facing large-scale job cuts after a disastrous year in which its banking arm needed rescuing due to a £1.5 billion hole in its balance sheet.
Boeing's much-delayed 787 Dreamliner has hit another production problem.
Hairline cracks have been discovered in the wings of some 787s that are being built. The Chicago-based manufacturer said none of the 122 jets already flown by airlines around the world is affected.
"We are confident that the condition does not exist in the in-service fleet," Boeing spokesman Doug Alder said.
"We understand the issue, what must be done to correct it and are completing inspections of potentially affected aeroplanes."
Boeing said that roughly 40 aeroplanes might be affected and that it will take one to two weeks to inspect each plane and fix any cracks found on shear ties on a wing rib.
Investment company Alliance Trust has signalled a possible move to England if Scotland votes ‘yes’ to independence in September.
The Dundee-based group, which employs 250 people, said it was setting up new companies in England which it could transfer its business to if Scotland leaves the UK.
It follows similar announcements from pensions provider Standard Life and power firm Aggreko, which yesterday warned independence would mean “years of uncertainty” for its business.
Alliance Trust’s Chief Executive, Katherine Garrett-Cox, said the company was “extremely proud” of its Scottish heritage but had to be “very aware of the risks” independence would present.
The Liberal Democrat Business Secretary Vince Cable has told ITV News that the issues over immigration are of "genuine concern to lots of people" and that he won't get into a "party political barney" with opponents or Coalition partners.
The Conservatives' new immigration minister James Brokenshire had earlier said that Mr Cable was "incorrect" over the seriousness of the figures and also stated that wealthy Britons are "benefiting from immigration".
There's a picture emerging of a nervousness across the finance sector north of the border, after Lloyds and Barclays warned that a vote for Scottish independence may carry risks and costs for them.
There was even talk emerging today of Lloyds and RBS having to move their headquarters south in the event of independence.
That's because it seems there is an old European diktat that says a finance house must be headquartered where most of its customers live - in both those cases, that would be in England.
So that would be bad news potentially for jobs in Scotland, and bad news certainly for the prestige of Edinburgh as a major finance hub.
However, George Osborne has warned in the past of a bloated finance sector that Scotland couldn't support in the event of a financial crisis.
But if their headquarters weren't in Scotland, it wouldn't be their problem - it would be England's.
So as ever on this topic, there's more than one way to look at any of the issues that emerge.
Barclays bank has warned that the upcoming vote on Scottish independence could "affect the group's risk profile" by potentially destabilising financial markets.
Barclays' warning follows concerns expressed by several other financial institutions about the effect of the independence vote, including Lloyds Banking Group, RBS and Standard Life.
Barclays said: "The referenda on Scottish independence in September 2014 and on UK membership of the European Union (expected before 2017) may affect the Group’s risk profile through introducing potentially significant new uncertainties and instability in financial markets."
Barclays said the vote could bring uncertainty "both ahead of the respective dates for these referenda and, depending on the outcomes, after the event".
Scotland's Finance Secretary John Swinney has said the warning by Lloyds Banking Group about the possible "risk" from independence backs up the case for a "formal currency area".
Swinney said: "Scotland has a strong and diverse economy and the point of independence is to win the powers we need to build on those strengths and create a more prosperous and secure economy - which is good for the financial sector and everyone else.
"Lloyd's Banking Group's comments show exactly why our proposals for a formal currency area are the right proposals, why they are in the best interests of business on both sides of the border and why that is what will be implemented by both governments."
Lloyds Banking Group has said that Scottish independence poses "no immediate issues" to its business, after warning that separation could present a "risk" to its operations.
A spokesman for the group said: "Lloyds Banking Group believes that questions about Scotland’s future constitutional position are a matter for the people of Scotland and the UK and Scottish Parliaments.
"There are no immediate issues that will affect Lloyds Banking Group customers either in Scotland or the rest of the UK, particularly as any change in constitutional arrangements are unlikely to come into effect until 2016."