Business

Photo

Ferdinand Piech resigns, ending an era at Volkswagen

HAMBURG/FRANKFURT - 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.

Recent Business News

From Woking to Wall Street: UK day traders dream of glory in daily grind

WOKING, Britain - The British trader accused of sparking market chaos in 2010 cut his teeth in a drab building in a sleepy suburb that highlights how "day traders" dreaming of glory have to first tackle grim offices, zero glamour and high risk.

24 Apr 2015

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

ATHENS - 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.

Greece, World 25 Apr 2015

Germany hints at preparations of a Plan B on Greece

RIGA - 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.

25 Apr 2015

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

DHAKA - 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.

25 Apr 2015

UBS chairman says Greek default increasingly seen by IMF as controllable

ZURICH - 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.

Greece, IMF 25 Apr 2015

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary