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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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Alibaba buys stake in China’s Weibo

Category : Business, World News

Alibaba, China’s biggest e-commerce group, buys an 18% stake in Weibo, China’s Twitter-like service, as it looks to tap into the social media sector.

Go here to see the original: Alibaba buys stake in China’s Weibo

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BBC paid the Earth for Lonely Planet

Category : Business

Now, five years later, it may be selling it off on the cheap. It’s all over the head of us poor licence fee payers

When the BBC, flourishing its Worldwide, buys something, it buys the lot: say Lonely Planet for £130m. But when it sells, it keeps a minority stake or a contractual watching brief: see the clutch of 18 magazines it sort-of half-sold to Exponent 18 months ago. These mags had a BBC brand, so needed continuing links, it said. But the price of that whole 33-title bundle – including the Radio Times, sold outright, and the half-retained 18 – was only £121m, far less than the cost of Lonely Planet alone.

And now? The worth of the Planet has been gradually written down to a notional £85m. Now, as sale to a US billionaire is bruited, the old minority-stake ritual seems operational again, which means cheap-cheap-cheap: an effective loss on the whole deal compounded. It can get really lonely out there if you’re a licence fee payer.

Murray acquires country house hotel

Category : World News

US Open and Olympic tennis champion Andy Murray buys Cromlix House Hotel in Kinbuck, Perthshire.

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Worst deals of the year

Category : Stocks

From the obvious (Facebook IPO) to the obscure (Delta buys a refinery), here are the top worst deals made in 2012.

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Sprint would be spectrum king with Clearwire deal

Category : Stocks

If Sprint buys all of Clearwire, it would own the rights to the most spectrum in the United States. But there are questions about how value the spectrum is.

Originally posted here: Sprint would be spectrum king with Clearwire deal

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Buffett’s buy changes Berkshire rules

Category : Business

Berkshire Hathaway buys $1.2 billion of its own shares at a price higher than what CEO Warren Buffett has said he’d pay.

More here: Buffett’s buy changes Berkshire rules

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China fund buys stake in Heathrow

Category : Business, World News

China Investment Corporation, the country’s sovereign wealth fund, buys a 10% stake in the firm that runs London’s Heathrow airport.

Originally posted here: China fund buys stake in Heathrow

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Disney buys firm behind Star Wars

Category : World News

Disney buys Lucasfilm, the company behind Star Wars, from George Lucas for $4.05bn (£2.5bn) and will release a seventh Star Wars film in 2015.

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Singapore Air buys Virgin stake

Category : Business

Singapore Airlines buys a 10% stake in Virgin Australia, as competition heats up in the Australian aviation market.

Original post: Singapore Air buys Virgin stake

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Chanel buys Scots cashmere mill

Category : Business, World News

Luxury goods firm Chanel buys Barrie cashmere mill in Hawick, following the collapse of owner Dawson International.

More here: Chanel buys Scots cashmere mill

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