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  • HAMBURG/ FRANKFURT, April 25- 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. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle Ferdinand Porsche, had...

  • Sens. Warren, Brown counter Obama on trade Saturday, 25 Apr 2015 | 5:04 PM ET

    WASHINGTON— Two of the Democratic Party's most vocal opponents of strengthening President Barack Obama's hand in trade deals are taking issue with his recent criticism and are calling on him to make public the draft text of a still incomplete deal with 11 other Pacific rim nations. Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio sent Obama a...

  • April 25- Bristol-Myers Squibb Co said its experimental drug cured hepatitis C in over 90 percent of patients in combination with Gilead Sciences Inc's Sovaldi and a commonly prescribed drug, ribavirin, in a late-stage study. Bristol-Myers has been testing the drug, daclatasvir, in combination with Sovaldi after shelving plans to market another hepatitis C...

  • TRIPOLI, April 25- Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. The pipeline crosses through territory west of the capital Tripoli that has been fought over by armed factions loyal respectively to Libya's two rival governments. Libya had to shut down the field late last year when a group in Zintan opposing a...

  • Libya shuts down El Feel oilfield - field engineer Saturday, 25 Apr 2015 | 4:25 PM ET

    TRIPOLI, April 25- Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. The OPEC producer had managed to restart the field this year after a pipeline had been blocked for months. El Feel is operated by a joint venture owned by Libya's National Oil Corp and Italy's Eni.

  • HAMBURG/ FRANKFURT, April 25- 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. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle, had previously seen off other...

  • Volkswagen chair resigns after losing CEO showdown Saturday, 25 Apr 2015 | 3:02 PM ET

    Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday.

  • Town prays for Texas ice cream maker linked to listeria Saturday, 25 Apr 2015 | 2:35 PM ET

    BRENHAM, Texas— Alice Stern and Billie Schomburg were among the more than 200 people who gathered at a prayer vigil Saturday to show what they say is their unwavering support for Blue Bell Creameries, which is working to resume operations after a series of listeria illnesses linked to its ice cream prompted the company to recall all of its products.

  • FRANKFURT, April 25- 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. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle, had previously seen off other executives who crossed him, including his hand-picked...

  • European authorities stop illegal horse meat network Saturday, 25 Apr 2015 | 1:20 PM ET

    PARIS— European authorities say police in several countries have detained 26 people in a crackdown on an organized crime network accused of trading in illegal horse meat. The operation involved authorities in France, Belgium, Britain, Germany, Ireland, Luxembourg and the Netherlands. European health authorities have been on alert for horse meat crime since...

  • TOPEKA, Kan.— Kansas is expected to increase taxes to close a budget shortfall, but the Republicans who control the Legislature don't agree on the outlines of a plan, yet. At least a few GOP legislators have suggested the state must rethink a personal income tax break for business owners, prompting a group representing small businesses to run a radio ad campaign to...

  • Volkswagen chairman Piech resigns after dispute over CEO Saturday, 25 Apr 2015 | 12:38 PM ET

    FRANKFURT, Germany— Ferdinand Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's CEO. Piech had said in an interview with Der Spiegel published earlier this month that he was distancing himself from CEO Martin Winterkorn.

  • Michigan vote tests pothole angst vs. will to raise taxes Saturday, 25 Apr 2015 | 12:24 PM ET

    Mary Jo Walentovic was driving on a Detroit- area interstate in February when a car kicked up a large chunk of road that smashed through her van's windshield, destroying the rearview mirror and an armrest. Fed up, she plans to vote for a 1- cent sales tax increase on Michigan's May 5 ballot that would put an additional $1.2 billion a year into fixing deteriorating...

  • HAMBURG, April 25- An international maritime tribunal on Saturday ruled that Ghana can continue production in a multi-billion dollar offshore oil development in an area caught up in a border dispute with Ivory Coast, but must not start new exploration. "The decision means that Ghana can continue production from existing oil fields in the disputed area but not...

  • Bill under debate would limit farm antibiotics in Oregon Saturday, 25 Apr 2015 | 11:38 AM ET

    As public pressure mounts nationally against antibiotics, Oregon legislators are debating whether to curtail their use in agriculture. If the legislation passes, Oregon would be the first in the nation to mandate stricter rules on livestock antibiotics. Proponents of Oregon's bill say that's inadequate, because the move still allows operators to...

  • FRANKFURT, April 25- If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank faces a long and costly battle, analysts say, to sell Postbank and pare investment banking, the new strategic goals it outlined late on Friday. Germany's flagship lender comes late to restructuring after European rivals such as Barclays and Credit...

  • Ghana can continue production in Ivory Coast oil dispute Saturday, 25 Apr 2015 | 11:02 AM ET

    Ivory Coast had made a request to the Hamburg- based International Tribunal of the Law of the Sea that Ghana suspend oil exploration and exploitation operations in the disputed area while legal hearings expected to take several years into the dispute are held.

  • SAN JUAN, Puerto Rico— Standard& Poor's has downgraded Puerto Rico's general obligation debt as legislators debate how to overhaul the U.S. territory's tax system and generate more revenue amid a financial crisis. The credit rating agency says Puerto Rico's market access has weakened and expressed concern about a lack of consensus as the government prepares...

  • With legalization, lawyers turn to business of pot Saturday, 25 Apr 2015 | 10:42 AM ET

    "It's definitely something that established firms are dipping a toe into, though they are being very cautious, and rightly so," said Sam Kamin, a professor at the University of Denver Sturm College of Law who teaches a class about representing the marijuana industry. California and more than 20 other states have legalized the drug for medical use, and the pot...

  • ATHENS, April 25- 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. The measure, which was approved by 156 lawmakers in the 300- seat chamber, caused an outcry by local governors, who met Prime...