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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Finally, Something Free From Airlines: Internet Service

Category : Business, Stocks

CHICAGO (TheStreet) — Although the airline industry has moved rapidly to a model where it charges fees for nearly every service, it may be headed in the opposite direction in one key area: Internet service.

“Today, there is some mindset that you can charge for Wi-Fi,” United Chief Financial Officer John Rainey said last week at the Bank of America Merrill Lynch investor conference. “I think candidly, longer term, that may not be the way that product is capitalized on.”

Rather, Rainey suggested, it may make more sense to have online retailers cut in the airlines on purchases made by passengers. …

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US Airways: We’d Share Merger Synergies With Workers

Category : Business

CHARLOTTE, N.C.(TheStreet) — US Airways said it can afford to offer more to AMR workers in a merger than AMR could as a standalone company because a merger would offer revenue and cost synergies.

“There’s a tremendous amount of value created by merging US Airways and AMR,” said US Airways President Scott Kirby, on the carrier’s earnings conference call. “We can and should share with employees.”

Kirby said merger synergies, after sharing some of them with labor, would be more than $1.2 billion. Every previous recent airline merger has generated significant cost savings due to reductions in areas such as leased airport space, management headcount, and prices for goods and services due to enhanced purchasing power, as well as revenue synergies, Kirby said.

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AMR CEO Makes Case for Independence

Category : Business, Stocks

DALLAS (TheStreet) — The board of AMR is not going to turn the airline over to US Airways without a fight.

On Monday, as AMR’s attorneys tried to convince a bankruptcy court judge to abrogate its existing labor contracts, CEO Tom Horton reasserted his plans for American to remain independent, despite the surprise announcement on Thursday that US Airways had reached a tentative contract agreement with American’s three principal labor unions.

“It’s easy to understand US Airways’ sense of urgency to find a way to address the challenges it has faced for a long time,” Horton wrote in a letter to employees. “But I want you to understand these developments in no way alter our course.”

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Cheer up, fliers – a merger of American Airlines (AAMRQ.PK) and US Airways (LCC) would result in aggravations as well as some higher fees and costs, but in the end it’ll be in your best interest, Scott McCartney writes. One way or another, the U.S….

Category : Stocks, World News

Cheer up, fliers – a merger of American Airlines (AAMRQ.PK) and US Airways (LCC) would result in aggravations as well as some higher fees and costs, but in the end it’ll be in your best interest, Scott McCartney writes. One way or another, the U.S. likely will have three big network airlines and some discounters; better to get there by merger than by one of the weak players disappearing altogether. Post your comment!

Read the original: Cheer up, fliers – a merger of American Airlines (AAMRQ.PK) and US Airways (LCC) would result in aggravations as well as some higher fees and costs, but in the end it’ll be in your best interest, Scott McCartney writes. One way or another, the U.S….

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When it rains, it twists and hails for American Airlines (AAMRQ.PK), which, along with regional partner American Eagle, is scrapping almost 300 more flights due to the damage that a hailstorm caused to their planes at Dallas Fortworth earlier this…

Category : World News

When it rains, it twists and hails for American Airlines (AAMRQ.PK), which, along with regional partner American Eagle, is scrapping almost 300 more flights due to the damage that a hailstorm caused to their planes at Dallas Fortworth earlier this week. That will take total cancellations to over 1,900; over 50 jets are still out of service.
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Read the original: When it rains, it twists and hails for American Airlines (AAMRQ.PK), which, along with regional partner American Eagle, is scrapping almost 300 more flights due to the damage that a hailstorm caused to their planes at Dallas Fortworth earlier this…

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US Airways Flight Attendants Reject Tentative Contract

Category : Stocks

CHARLOTTE, N.C. (TheStreet) — Flight attendants at US Airways have overwhelming rejected a tentative contract agreement, reflecting unhappiness with the deal unanimously approved by their negotiating committee after five years of talks.

In a letter to union members, the US Airways chapter of the Association of Flight Attendants said that 75 %of flight attendants voted to reject. Turnout was heavy, with 5,832 flight attendants, or 90% of the membership voting.

The rejection represents a setback for the airline, which had hoped to show that could it reach a deal with flight attendants, even while pilots remain locked in a bitter seniority battle and without a joint contract six and a half years after a 2005 merger between US Airways and America West.

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