Edit mu-plugins/bp-friends.php, mu-plugins/bp-friends/bp-friends-notifications.php, mu-plugins/bp-friends/bp-friends-templatetags.php,mu-plugins/bp-friends/bp-friends-widgets.php and the files in the member-themes/buddypress-member/friends…it may take a little while, but you have to look for places where it says “Friends” and change it to “Contacts”. There is also one more place you have to change my friends for the activity navigation, look in mu-plugins/bp-activity.php. I did it all manually. I am building a site for business usage as well. The great thing about buddypress is the files are easily customizable. I hope this helps.
I figured out the problem…I had to deactivate the all in one seo pack plugin. I am running wordpress MU 2.7 and the latest trunk of buddy press. Apparently something was conflicting with that plugin. Now everything shows fine! thank you for your help!
