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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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San Leon Energy Plc (SLGYY: OTCQX International) | Well Fracturing Agreement Signed

Category : Stocks, World News

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Austin Exploration Ltd. (AUNXY: OTCQX International) | Home Country News Release – Agreement to fund production and sale of Niobrara gas

Category : Stocks, World News

Austin Exploration Ltd. has filed a Home Country News Release – Agreement to fund production and sale of Niobrara gas To view the full release click here (link to PDF).

More here: Austin Exploration Ltd. (AUNXY: OTCQX International) | Home Country News Release – Agreement to fund production and sale of Niobrara gas

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Warren Buffett and board ‘agree’ on next CEO – but name no names

Category : Business

Buffett , 82, says he is ‘solidly in agreement’ with Berkshire Hathaway board members as to who should take over from him

Warren Buffett and the board of his conglomerate Berkshire Hathaway are “solidly in agreement” on who should be the company’s next chief executive, he said at Berkshire’s annual shareholder meeting on Saturday.

But Buffett, as with past practice, did not actually name his successor as CEO.

Speculation usually focuses on a small group of top Berkshire executives, among them insurance boss Ajit Jain and railroad leader Matt Rose.

The 82-year-old Buffett, in response to a shareholder question, said he thinks all the time about what could go wrong at Berkshire after he is gone.

“The key is preserving a culture and having a successor, a CEO that will have more brains, more energy, more passion for it than even I have … We’re solidly in agreement as to who that individual should be,” Buffett said.

Whoever ultimately takes over Berkshire will run a conglomerate that employs more than a quarter-million people in dozens of businesses worldwide, covering everything from ice cream to insurance and retail to railroads.

Its breadth means that its performance is often seen as a barometer for the broader economy. Earlier Saturday, one of Buffett’s top lieutenants said things were picking up but could improve further.

“It feels like a 2% economy. If we want to see GDP click up to 3.5%, 4%, you need to see more construction,” said Rose, CEO of the railroad Burlington Northern, in an interview.

Rose said BNSF was seeing “across the board” increases in demand to ship things like concrete, roofing tiles and cars.

But as much as investors want to hear about Berkshire’s growth potential and the state of the economy, some also attend the meeting just for a good laugh.

The meeting opened, as it does every year, with a video montage. This year’s included a duet between Buffett and singer Jon Bon Jovi and a take-off on the TV series Breaking Bad.

Some of the best comedy, though, usually comes in the verbal sparring between Buffett and Vice Chairman Charlie Munger over the course of the day. The two are close – they usually share an oversize box of peanut brittle during the meeting – but Munger’s acerbic tongue pops out from time to time.

“I come to see Charlie Munger needle Warren Buffett. Only he can,” said Sherman Silber, a doctor and shareholder.

Macquarie Group Limited Acquires Shares in Franchise Services of North America Inc. Pursuant to Merger

Category : Stocks, World News

NEW YORK, NEW YORK–(Marketwired – May 3, 2013) - Macquarie Group Limited (the “Offeror”) has acquired, through its wholly-owned subsidiary Boketo LLC (“Boketo”), 62,212,600 shares of Series A Preferred Stock (the “Preferred Shares”) of Franchise Services of North America Inc. (“FSNA”), and certain rights to acquire additional Preferred Shares upon the exercise of outstanding options convertible into FSNA common shares (“FSNA Shares”), pursuant to an agreement and plan of merger dated as of July 13, 2012 among Adreca Holdings Corp. (“Adreca”), Boketo, FSNA, and Advantage Company Holdings, Inc. (“Advantage Holdings”), as amended (the “Merger Agreement”).

Read the original here: Macquarie Group Limited Acquires Shares in Franchise Services of North America Inc. Pursuant to Merger

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Iraq War Resister Kimberly Rivera Sentenced to 14 Months in Military Prison After Deportation by Harper Government

Category : Stocks, World News

TORONTO, ONTARIO–(Marketwired – April 30, 2013) - On Monday afternoon, during a court-martial hearing at Fort Carson, Colorado, Kimberly Rivera was sentenced to 14 months in military prison and a dishonourable discharge after publicly expressing her conscientious objection to the Iraq War while in Canada. A pre-trial agreement capped the sentence at 10 months of confinement and a bad conduct discharge.

Continue reading here: Iraq War Resister Kimberly Rivera Sentenced to 14 Months in Military Prison After Deportation by Harper Government

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Hemp, Inc. (HEMP: OTC Pink Current) | Hemp, Inc. (OTC: HEMP) Inks Lucrative Deal for Its Nutraceutical Division — HerbaGenix™

Category : Stocks

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Hemp, Inc. (OTC: HEMP) Inks Lucrative Deal for Its Nutraceutical Division — HerbaGenix™

PR Newswire

LAS VEGAS, April 26, 2013

LAS VEGAS, April 26, 2013 /PRNewswire/ –

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Kulczyk Oil Ventures To Acquire Winstar Resources

Category : World News

CALGARY, ALBERTA–(Marketwired – April 25, 2013) - Kulczyk Oil Ventures Inc. (WARSAW:KOV) (“KOV“), an international upstream oil and gas exploration and production company, is pleased to announce that it has entered into an agreement (the “Arrangement Agreement“) with Winstar Resources Ltd. (“Winstar“) pursuant to which KOV will acquire all of the issued and outstanding shares of Winstar (the “Acquisition“).

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Card firm to sell US arm for £26.1m

Category : World News

Credit card insurer CPP announces extension to its lending facility in the wake of an agreement to to sell its US arm for £26.1m.

Link: Card firm to sell US arm for £26.1m

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FRMO Corp. (FRMO: OTC Pink Limited) | FRMO Corp. Announces Transactions with Horizon Kinetics LLC

Category : Stocks, World News

FRMO Corp. Announces Transactions with Horizon Kinetics LLC < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

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Phosphagenics Ltd. (PPGNY: OTCQX International) | Home Country News Release – Phosphagenics’ Partners Themis Completes Supply Agreement with Novartis for TPM/Diclofenac Gel

Category : World News

Phosphagenics Ltd. has filed a Home Country News Release – Phosphagenics’ Partners Themis Completes Supply Agreement with Novartis for TPM/Diclofenac Gel To view the full release click here (link to PDF).

The rest is here: Phosphagenics Ltd. (PPGNY: OTCQX International) | Home Country News Release – Phosphagenics’ Partners Themis Completes Supply Agreement with Novartis for TPM/Diclofenac Gel

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