Failed exchange’s vaults routinely raided since 2011, report claims more
Sunday, April 19, 2015
Deutsche Bank to spin off Postbank
Strategic review set to unwind €6bn deal done during financial crisis more
Chairman Piech's grip on Volkswagen weakened by row with CEO
BERLIN/HAMBURG (Reuters) - Volkswagen Chairman Ferdinand Piechs iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters. Piech, patriarch of the family that founded Volkswagen and a dominant figure at the automaker for more than two decades, triggered a leadership crisis at the Wolfsburg-based firm by criticizing Chief Executive Martin Winterkorn in a magazine article earlier this month. After an emergency meeting in Salzburg last Thursday to resolve the row, a group of six senior board members, including Piech, gave their full backing to Winterkorn and agreed to propose an extension of his contract beyond 2016. more
U.S. economy isn't growing fast enough
Here's one matter that Democratic and Republican economists agree on: America's economy could be doing a lot better. more
Hacker fighting on show at conference
Investors flock to RSA gathering as online protection market booms more
Comcast and Time Warner Cable set to talk with antitrust regulators
Comcast and Time Warner Cable representatives will sit down with government officials this week amid intense scrutiny of their proposed mega-merger and its impact on consumers. more
Japan, U.S. report progress on trade talks, though Tokyo stands tough on rice
Japan and the United States reported progress in top-level trade talks on Sunday that could pave the way for a broader trans-Pacific trade deal, although Tokyo cautioned that a bilateral accord was unlikely in time for a summit next week. Japans Economy Minister Akira Amari and U.S. Trade Representative Michael Froman both said they had made good progress in the first of two days of cabinet-level discussions. We exchanged opinions about areas where Japan and the U.S. will cooperate in dealing with others in the multilateral talks, Amari told reporters. Access to Japans farm market and the U.S. car market remain obstacles to a bilateral deal between the two nations, vital to the success of a long-delayed Trans-Pacific Partnership (TPP) pact. more
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