Ferdinand Piech resigns, ending an era at Volkswagen

HAMBURG/FRANKFURT (Reuters) – Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown he had provoked with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker.

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Ferdinand Piech resigns, ending an era at Volkswagen

Volkswagen’s Piech, defeated at last, resigns as chairman

HAMBURG/FRANKFURT (Reuters) – Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker.

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Volkswagen’s Piech, defeated at last, resigns as chairman

Abercrombie & Fitch to ditch ‘sexualized marketing’: Washington Post

WASHINGTON (Reuters) – Retail clothing chain Abercrombie & Fitch will end by July its “sexualized marketing,” after years of blanketing its web sites, store windows and shopping bags with photos of half-naked men, according to the Washington Post.



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Abercrombie & Fitch to ditch ‘sexualized marketing’: Washington Post

Abercrombie & Fitch to ditch ‘sexualized marketing’: Washington Post

WASHINGTON (Reuters) – Retail clothing chain Abercrombie & Fitch will end by July its “sexualized marketing,” after years of blanketing its web sites, store windows and shopping bags with photos of half-naked men, according to the Washington Post.



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Abercrombie & Fitch to ditch ‘sexualized marketing’: Washington Post

Greece, lenders must reach deal by early May, Deputy PM tells paper

ATHENS (Reuters) – Greece and its lenders must reach a reform deal by early May to address Greece’s need for cash, Deputy Prime Minister Yannis Dragasakis said in an interview with a Greek newspaper published on Saturday.

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Greece, lenders must reach deal by early May, Deputy PM tells paper

Up to 150,000 Bangladesh workers lost jobs after Rana Plaza safety overhaul

DHAKA (Reuters) – Some 220 garment factories have shut down in Bangladesh with the loss of up to 150,000 jobs after the collapse of Rana Plaza shone a light on unsafe working conditions in the ready-to-wear industry, triggering a wave of inspections, according to a report on Saturday.



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Up to 150,000 Bangladesh workers lost jobs after Rana Plaza safety overhaul

UBI doesn’t rule out Monte Paschi tie-up but won’t be pushed into bad deal: CEO

BERGAMO, Italy (Reuters) – UBI , Italy’s fifth-biggest bank, does not rule out a tie-up with troubled Monte dei Paschi di Siena but will not be pushed into an unwanted deal, its chief executive said on Saturday.



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UBI doesn’t rule out Monte Paschi tie-up but won’t be pushed into bad deal: CEO

Volkswagen Chairman Piech resigns after failing to oust CEO

FRANKFURT (Reuters) – Volkswagen’s supervisory board Chairman Ferdinand Piech unexpectedly resigned on Saturday after losing a showdown he provoked with Chief Executive Martin Winterkorn.

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Volkswagen Chairman Piech resigns after failing to oust CEO

UBI CEO says foreign banks ‘not queuing up’ to buy in Italy

MILAN (Reuters) – Foreign banks are not “queuing up” to buy lenders in Italy after a government reform that is expected to spur a wave of mergers and acquisitions targeting cooperative banks in the euro zone’s third biggest economy, its chief executive said.

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UBI CEO says foreign banks ‘not queuing up’ to buy in Italy

Greece’s governors agree to lend cash to central government

ATHENS (Reuters) – Greece’s governors and other local officials agreed on Saturday to lend cash to the near-bankrupt central government after Prime Minister Alexis Tsipras assured them the measure would last for only a short period of time.



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Greece’s governors agree to lend cash to central government

Germany hints at preparations of a Plan B on Greece

RIGA (Reuters) – German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification plans in 1989.

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Germany hints at preparations of a Plan B on Greece

UBS chairman says Greek default increasingly seen by IMF as controllable

ZURICH (Reuters) – UBS’s chairman said a default by Greece is seen by the International Monetary Fund as “systemically controllable” and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview published on Saturday.



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UBS chairman says Greek default increasingly seen by IMF as controllable

Isolated in debt talks, Greek finance rebel gets the cold shoulder

RIGA (Reuters) – As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel and then wandered off alone into the dusk.

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Isolated in debt talks, Greek finance rebel gets the cold shoulder

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