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Karl Albrecht

Carnation

Karl Albrecht, who has died aged 94, was the co-founder with his younger brother Theo of Aldi, one of the world's most successful retail discount chains.

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Departure

Caterpillar Group President Ed Rapp to retire

Caterpillar on Friday said Ed Rapp, a 36-plus-year veteran of the company and group president with responsibility for Resource Industries, is retiring as he battles with Lou Gehrig's disease.