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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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Global Clean Energy, Inc. (GCEI: OTC Link) | GLOBAL CLEAN ENERGY, INC. RECEIVES FIRST FUNDING COMMITMENT

Category : World News

Houston, Texas– Global Clean Energy, Inc. (OTC PINK: GCEI) has concluded its first round of funding. The Company has entered into an agreement with a private funding group who has committed to offer the Company a one million dollar operating line of credit. The line will be used on an as needed, draw down basis by the Company for operational development. The first funds will be used for the completion of engineering drawings for the company’s proprietary hybrid gasification system, and for further feasibility studies on the Jatropha and switch grass projects. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Further negotiations are continuing with other lenders.

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Global Clean Energy, Inc. (GCEI: OTC Link) | Global Clean Energy, Inc has commenced Development of a 15-20 ton per day Gasification System

Category : Stocks, World News

Houston, Texas– Global Clean Energy, Inc. (OTC PINK:GCEI) announced that planning has begun to build an integrated waste-to-energy Demonstration facility. The project is estimated to cost $15-20 million. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

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Qatar torpedoes Glencore merger with Xstrata

Category : Business

Multibillion-dollar investment house Qatar Holding confirms it will vote against Glencore’s proposed £53bn merger with Xstrata

Qatar Holding, the multibillion-dollar investment house, has intensified its standoff with Glencore chief executive Ivan Glasenberg by confirming that it will vote against the commodity trader’s proposed £53bn merger with Xstrata next week.

The Middle Eastern investment fund, which has aggressively built a 12% stake in Xstrata, definitively refused to support the deal on Thursday, having said in June that it wanted an increase on the offer of 2.8 Glencore shares for each Xstrata share.

In a statement to the Stock Exchange, the investor said: “QH announces that, although it continues to support the principle of a combination of Glencore with Xstrata, it has determined that it will not support the proposed merger terms of 2.8 new Glencore shares for every existing Xstrata share. Accordingly, QH will vote its entire shareholding in Xstrata against the proposed scheme and merger terms.”

The statement all but kills off the deal in its current form after it emerged this week that Norges Bank Investment Management, which had also been building its stake in Xstrata, also plans to vote against the tie-up when shareholders are polled on 7 September.

Glencore could still increase its offer and cause the meeting to be deferred, although such a move would represent a huge embarrassment for Glasenberg, who has insisted that he will not increase it as he claims to be agnostic about whether the deal is completed immediately or not.

As it stands, next week’s meeting must still go ahead, with the Xstrata board continuing to recommend that its shareholders accept a bid they are almost certain to reject. The Xstrata board, which will receive a £300m break fee from Glencore if the deal is voted down, is legally obliged to retain its recommendation except in the unlikely circumstances of receiving a competing bid or a material change in Glencore’s circumstances.

Same-sex unions: Fate of Colorado measure may be sealed – Los Angeles Times

Category : Stocks


CBS Local
Same-sex unions: Fate of Colorado measure may be sealed
Los Angeles Times
By Molly Hennessy-Fiske Colorado legislation permitting civil unions for same-sex couples was assigned Monday to a conservative “kill” committee, supporters of the measure said, virtually ensuring that the bill will never reach the House floor for a
Civil Unions bill assigned to “kill” committeekwgn.com
Special Circumstances, Special Session at Colorado Capitol [Updated]KUNC
McNulty moves Colorado civil unions bill to “kill” committeeDenver Post
Pueblo Chieftain

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Taiwan, Japan share atomic power dilemma

Category : World News

A year after the triple meltdown at the Fukushima No. 1 nuclear plant, Taiwan finds itself, like many countries around the world, having to make a difficult choice between retreating from nuclear energy or committing further to it.
Yet no other country faces quite the same set of circumstances shared by the two East Asian neighbors, a combination of need and risk that guarantees whatever decision is made will be painful.

The rest is here: Taiwan, Japan share atomic power dilemma

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Recovery from quake could block reforms

Category : World News

One year after the devastating March 11 quake and tsunami, the economy has been recovering from the tremendous shocks caused by the disasters, which disrupted the nation’s production and exports while hurting business and consumer sentiment.
But with conditions apparently getting back to normal following the domestic crisis, familiar circumstances have re-emerged in which the world’s third-biggest economy has been bombarded with a number of external shocks, including the sovereign debt crisis in Europe and the relative strength of the yen against other major currencies, as well as the massive floods in Thailand.

Read the original here: Recovery from quake could block reforms

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Mr. President, Time to Embrace Nat Gas

Category : Stocks

This commentary orginally appeared on RealMoney on Feb. 28.

NEW YORK (RealMoney.com) — President Obama has the best chance of any president before him to secure our economic and strategic military power by eliminating our importation of energy and at the same time making us an exporter of energy.

This would reduce the entire world’s energy costs and reduce the power that undemocratic, unfriendly governments have over Western democracies. It would be a win for the U.S. and the rest of the world. Obama has to change from acting like a hapless victim of circumstances and embrace natural gas as a bridge fuel until automakers can produce the mythological hydrogen automobile.

Read more from the original source: Mr. President, Time to Embrace Nat Gas

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Fatal Accident Spurs Lawsuit, Painting Vivid Example of Legal Liability

Category : World News

Learn more about how one woman’s lawsuit is allocating responsibility for a deadly mishap, and the lessons her example provides to those facing similar circumstances.

See the article here: Fatal Accident Spurs Lawsuit, Painting Vivid Example of Legal Liability

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Music world in mourning for Whitney Houston

Category : World News

Pop diva died under mysterious circumstances in a Los Angeles hotel on the eve of the annual Grammy Awards.

See the rest here: Music world in mourning for Whitney Houston

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Wales beats Ireland in Six Nations

Category : World News

Leigh Halfpenny kicked a last-minute penalty to snatch a dramatic 23-21 victory for Wales over Ireland in the Six Nations opening round on Sunday.
A thrilling test was settled in contentious circumstances after flanker Stephen Ferris was penalized for a dangerous tackle on Ian Evans, giving Halfpenny his chance.

See the rest here: Wales beats Ireland in Six Nations

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