KiK workers walk out
200 employees of textile discounter KiK have walked off the job. KiK offers its shoppers bargain-basement prices - 2 euros for a t-shirt or 5 euros for a pair of pants. But good deals come at a price: as well as sourcing production in low labor cost countries like Bangladesh, KiK's German workers are only paid 80 percent of standard retail wages.
Sotheby's chief leaves after 33 year career
Shareholder Daniel S. Loeb has long been pushing for Soethbys CEO William Ruprecht to step down, and last week he got his wish. There was little love loss between the two men. Ruprecht was a Sotheby's lifer who didn't like Loeb's plans to launch the highbrow art house into cyberspace.
PPPs gaining traction in German road construction
Together with a Dutch insurer, German construction company Hochtief is stumping up 600 million euros of a 1.6bn euro autobahn extension. In return they get the contract to maintain and manage the road at a profit for the next 30 years.