And in the real world... HBOS, Volkswagen, Google, CBI, Spotify and more

LONDON - Today's round-up of the biggest business stories.

The World...latest business news
The World...latest business news

Sir Victor Blank has been forced to step down as the chairman of Lloyds Banking Group after losing the confidence of major shareholders following Lloyds TSB's merger with HBOS last autumn.
Source: The Daily Telegraph

Volkswagen has halted merger negotiations with Porsche following accusations by senior VW figures that Porsche's management staff is obstructing the integration of the sportscar-maker into the car manufacturer.
Source: Financial Times

Helen Alexander, the former chief executive of the Economist Group, has been nominated as the first female president of the CBI's employer's group.
Source: Financial Times

Wolfram Alpha, a revolutionary new search engine that can compute answers rather than just point to websites, is to be launched today. The programme is thought to be so revolutionary that it could be in a position to challenge the might of Google.
Source: The Times

The West Bromwich building society has denied reports that the Financial Services Authority is looking to sell it off, and insisted that it will have a "long-term future as an independent".
Source: The Independent

Spotify is considering sharing the data it possesses regarding users' listening habits with record labels, in order to help provide targeted promotions and services to its customers.
Source: The Daily Telegraph