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Deutsche Bank leans toward limited revamp with Postbank sale: sources

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) will sell Postbank (DPBGn.DE) but keep a pared back own-brand retail business in the overhaul plan currently favored by management, sources familiar with the internal discussions at Germany’s biggest lender said. Only two management … Continue reading

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Taurus revamp debuts in China as Ford counters U.S. sedan slump

SHANGHAI/DETROIT (Reuters) – Ford Motor Co’s (F.N) global premiere of its redesigned Taurus sedan in China underscores a shift in its U.S. home market from the big sedan to roomier, utilitarian crossover SUVs. There’s a similar trend in China, the … Continue reading

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Russia denies German report it is ready to sign gas deal with Greece

MOSCOW/BERLIN (Reuters) – Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens’ depleted state coffers. German … Continue reading

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Ukraine meets with investors in effort to strike debt deal

WASHINGTON (Reuters) – Ukrainian authorities met with investors in Washington on Friday as part of an effort to secure agreement on extending maturities of bonds issued by state-run Ukreximbank. In a news release issued following the meeting, Ukraine’s Finance Ministry … Continue reading

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Wal-Mart shuffles U.S. store management to improve sales

(Reuters) – Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations. There are about … Continue reading

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Wal-Mart shuffles U.S. store management to improve sales

(Reuters) – Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations. There are about … Continue reading

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Ford to spend $2.5 billion on plants in Mexico, angering UAW

MEXICO CITY (Reuters) – Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The United Auto Workers union, in response, said putting jobs … Continue reading

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Ford to spend $2.5 billion on plants in Mexico, angering UAW

MEXICO CITY (Reuters) – Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The United Auto Workers union, in response, said putting jobs … Continue reading

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G20 more upbeat on growth, but officials fret over Greece

WASHINGTON (Reuters) – The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens’ inability to strike a deal with its lenders could upset Europe’s tentative recovery. … Continue reading

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G20 more upbeat on growth, but officials fret over Greece

WASHINGTON (Reuters) – The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens’ inability to strike a deal with its lenders could upset Europe’s tentative recovery. … Continue reading

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