PennyStockPayCheck.com Rss

Featured Posts

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...

Read more

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...

Read more

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

Read more

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...

Read more

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...

Read more

South American Properties, Inc. (THCB: OTC Link) | Symbol Change

Category : Stocks

Wed, May 15, 2013 12:00 – South American Properties, Inc. (THCB: OTC Link) – Symbol Change – The symbol, THCB, is no longer a valid symbol for South American Properties, Inc. . As of Wed, May 15, 2013, the new trading symbol is SAMP. You may find a complete list of symbol changes at otcmarkets.com.

View post: South American Properties, Inc. (THCB: OTC Link) | Symbol Change

Post to Twitter

Nordic American Tankers Limited (NYSE: NAT) – Telephone Conference for Shareholders, Investors and Analysts

Category : World News

HAMILTON, BERMUDA–(Marketwired – May 14, 2013) – Nordic American Tankers Ltd. (NYSE: NAT) will host a telephone conference Wednesday June 12 at 09:00 am U.S. Eastern time. The solid strategic position of NAT is among the important items that will be reviewed.

Read the original post: Nordic American Tankers Limited (NYSE: NAT) – Telephone Conference for Shareholders, Investors and Analysts

Post to Twitter

Cornel West: ‘They say I’m un-American’

Category : Business

The American academic and firebrand campaigner talks about Britain’s deep trouble, fighting white supremacy and where Obama is going wrong

Cornel West, the firebrand of American academia for almost 30 years, is causing his hosts some problems. They are on a schedule but such things barely move him, for as he saunters down the high street there are people to talk to, and no one can leave shortchanged. Everyone, “brother” or “sister”, is indeed treated like a long lost family member. And then there is the hug; a bear-like pincer movement. There’s no escape. It happens in New York, where the professor/philosopher usually holds court. And now it’s the same in Cambridge.

The best students accord their visitors a healthy respect, but West’s week laying bare the conflicts and fissures of race and culture and activism and literature in the US and Britain yielded more than that during his short residency at King’s College. There are academics who draw a crowd, but the West phenomenon at King’s had rock star quality: the buzz, the poster beaming his image from doors and noticeboards; the back story – Harvard, Princeton, Yale, his seminal work Race Matters, his falling-in and falling-out with Barack Obama.

Others can teach, and at Cambridge the teaching is some of the best in the world, but standing-room-only crowds came to see West perform. He performed. Approaching 60 now, he is slow of gait. But he always performs.

“Britain is in trouble,” he tells me. “Britain is in deep trouble. The privatising is out of the control, the militarising is out of control and the financialising is out of control. And what I mean from that is you have a cold-hearted, mean-spirited budget that the Queen just read; you have working and poor people under panic, you have this obsession with immigration that tends to scapegoat the most vulnerable rather than confront the most powerful. And it is not just black immigrants, but also our brothers and sisters from Poland and Bulgaria, Romania; right across the board.” He isn’t ranting. He doesn’t rant. He smiles, he growls gently, he leans in and whispers conspiratorily. There is an upside, he says. “Britain has a rich history of bouncing back too.”

They looked after him at King’s, he says. Incongruous in his trademark black three–piece suit, with fob watch and old-time, grey–flecked, fly-away afro, he berthed in the understated splendour of the Rylands room in the Old Lodge. Named after Dadie Rylands, the literary scholar and theatre director educated at King’s and a fellow until his death in 1999, it was where Virginia Woolf lunched with Rylands and John Maynard Keynes. West likes such evocations. “I feel her spirit,” he says, leaning back on a chair.

But then he is accustomed to the star treatment. A graduate of Harvard University in 1973, he received his PhD at Princeton; returning to both as professor of religion and director of the programme in African-American studies at Princeton and later professor of African-American studies at Harvard. He departed Harvard in 2002 after a bitter dispute with the then president of the university, Lawrence Summers, Bill Clinton’s treasury secretary, who was later picked by President Obama to head the US National Economic Council. Some claim Summers’s clash with West formed part of the spiral that led to his own departure from Harvard. West says Summers had an agenda to cut African American studies, and him, down to size. He “tangled with the wrong Negro”, the professor said later. He returned to Princeton, from which he has recently retired. Now his centre of academic operations is the Union Theologiocal Seminary in New York, where he began his teaching career.

But he is multi-platform, which, critics contend, added something to the fall-out with Summers at Harvard. He is the author of 19 books and editor of another 13. A regular TV pundit. Co-star of the popular public radio show Smiley and West. Chair of the Democratic Socialists of America. He even played the wise Councillor West in The Matrix Reloaded. While the right throws the socialist tag at Obama like a poisoned dart, West wears it as a badge of honour. A “non-Marxist socialist” eschewing Marxism in favour of Christianity. A complex package. Hence the enthusiasm at Cambridge’s Centre for Research in the Arts, Social Sciences and Humanities to invite him over and peel the layers.

Last week West appeared three times in conversation: on race and politics, with academic Paul Gilroy – their double header had to be moved to a larger venue and ended with a standing ovation; on philosophy and the public sphere, with philosopher MM McCabe; and with Ben Okri on literature and the nation. The fact is that he’ll talk indefinitely and on anything. In between Cambridge appearances, he headed to Sheffield University to unveil a memorial to a previous visitor there, “my brother Malcolm X”. Also to London to an event hosted by former race chief Trevor Phillips.

For his radio show in the US, he also travelled to the Ecuadorian embassy for an encounter with Julian Assange. Exhilarating, by his account. “Boy, that was a rich one,” he says. “Oh my God, we went on for an hour and a half: about the militarising of the internet and the use of US imperial power. They’re trying to squelch any whistleblower who wants to reveal the secrets of the dirty wars of the US empires and other governments. We talked primarily about courage. He is a very smart man and very courageous too.”

They found points of contact. “He talked about Martin Luther King’s courage and how he has been inspired by Martin Luther King. We talked about the 3 June case with brother Bradley Manning and the witnesses the US government has lined up. I wanted people to hear his voice and to revel in his humanity; revel in his wrestling with his situation and to see what his vision is.”

He found some optimism, he says. “He has this situation with the sisters in Sweden and that’s got to be resolved, and I think that’s in the process of being resolved. We have to be concerned about someone accused of violating anybody, but I think for the most part that is going to be resolved, and that was probably an attempt of the powers that be. One woman has already said she is pulling back and the other one admits it was consensual, so it is not as ugly as it was projected in the press. But once that is over he has got the big one coming. He has got a behemoth coming at him; the US empire and its

Post to Twitter

Standard Chartered leads FTSE 100 lower as US investor cautions on bank’s loan book

Category : Business

Leading index dips after seven days of gains, after disappointing Chinese data and banking sector weakness

Standard Chartered is leading the way lower as the market slips back after seven days of gains.

The bank is down 70p at £15.13, a decline of more than 4%, following a report that investment group Muddy Waters was shorting its shares. According to Bloomberg, the group’s Carson Block said he was concerned about the bank’s deteriorating loan quality, and said its loan book could come under stress when the Chinese economy slows down. He reportedly said at a conference in Las Vegas on Friday:

We think the market misunderstands the amount of risk that’s presently in the book.

He pointed to a $1bn loan to Samin Tan, the chairman of Bumi, the coal company at the centre of a dispute between co-founders Nathaniel Rothschild and Indonesia’s Bakrie family.

Meanwhile HSBC is 11.4p lower at 733.4p after Investec moved from buy to reduce. Analyst Ian Gordon said:

We are perfectly comfortable with HSBC’s first quarter 2013 financials – sharply lower impairments and an improving cost performance broadly offsetting weak revenues – but after the stock’s recent outperformance we see limited further upside.

Overall the FTSE 100 is down 21.65 points at 6603.33, not helped by disappointing Chinese industrial production figures. Investors have turned a little more cautious following recent market performances, including a five and a half year high on the FTSE 100.

Miners are mixed after the Chinese data, with Anglo American down 29.5p at 1561.5p and Eurasian Natural Resources Corporation 4.7p lower at 289.2p.

But Lonmin has been lifted 15.4p to 294.2p after the platinum miner reported a better than expected first half profit of $54m, up from $18m and lifted its production guidance. The group has been hit by a wave of unrest and violence in South Africa, and warned that wage talks ahead presented a significant challenge.

Elsewhere GlaxoSmithKline has climbed 19p to £16.89 following news late on Friday that US regulators had approved Breo, a treatment for chronic pulmonary disease made in partnership with American group Theravance.

G4S has added 5.1p to 252.8p as bargain hunters emerged after the company’s recent declines. The company has won a couple of UK government contracts as it tries to shed the legacy of its chaotic London Olympic performance.

Amplats planning 6,000 job cuts

Category : Business, World News

Anglo American Platinum plans to cut 6,000 jobs in South Africa after its profits were affected by violent labour strikes last year.

Originally posted here: Amplats planning 6,000 job cuts

Post to Twitter

Two firms quit fracking in Poland

Category : World News

Two North American companies, Talisman Energy and Marathon, have quit fracking for shale gas in Poland, after disappointing drilling results.

View post: Two firms quit fracking in Poland

Post to Twitter

Brazilian Azevedo to head up WTO

Category : Business, World News

The new head of the World Trade Organisation will be Roberto Azevedo from Brazil, the first Latin American to hold the post, officials say.

More here: Brazilian Azevedo to head up WTO

Post to Twitter

All American Pet Company, Inc. Purchases Forming Machine to Meet the Growing Retail Demand for NutraBars(TM) and Chewies(TM)

Category : World News

LOS ANGELES, CA–(Marketwired – Apr 22, 2013) – All American Pet Company, Inc. (OTCQB: AAPT) All American Pet Company, Inc. is very pleased to announce the purchase of its own high-volume forming machine. With its expanded capacity, the forming machine’s new and larger hopper will shorten batch to batch down-time which the company experienced with the previous unit. This forming machine will also increase both volume through-put while assuring larger batch consistency.

Read the original: All American Pet Company, Inc. Purchases Forming Machine to Meet the Growing Retail Demand for NutraBars(TM) and Chewies(TM)

Post to Twitter

American Airlines planes back in the air after computer glitch

Category : Business

Computer systems restored after intermittent outages but airline cautions that delays and cancellations are still expected

American Airlines said its computer systems were restored after intermittent outages that lasted several hours on Tuesday, but it cautioned that flight delays and cancellations were still expected for the rest of the day.

The problems led American to ground its flights for much of the afternoon, stranding travelers across the country. American, a unit of AMR Corp, operates more than 3,500 daily flights worldwide.

The AMR Corp unit added in a statement that it saw no evidence that its technical outage was related to recent events in Boston.

Other carriers have also had problems with system outages. Last year, computer outages at United Continental Holdings stranded passengers at airports around the country.

American plans to merge with rival US Airways Group to form the world’s biggest air carrier.

Computer chaos for American Airlines

Category : World News

American Airlines grounds all flights across the US for several hours due to a fault with its computerised reservation system.

Link: Computer chaos for American Airlines

Post to Twitter