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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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Lewis & Clark Bank (LWCL: OTC Link) | Venue Change

Category : Stocks

Fri, Apr 12, 2013 12:00 – Lewis & Clark Bank (LWCL: OTC Link) – Venue Change – The symbol, LWCL, no longer trades on Grey Market. As of Fri, Apr 12, 2013, LWCL trades on OTC Link. You may find a complete list of venue changes at otcmarkets.com.

The rest is here: Lewis & Clark Bank (LWCL: OTC Link) | Venue Change

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10,000 oil rig construction jobs lost as North Sea contracts go to Korea

Category : Business

Government urged to copy other oil nations with rules and tax breaks to benefit home manufacturers

Up to 10,000 engineering jobs could have been created if the government had supported British companies bidding to win contracts to build North Sea oil rigs for energy giants, it has been claimed.

The contracts went to South Korea, with the result that the industry has shed tens of thousands of jobs, something that has major implications for the UK’s ability to build the next generation of carbon-friendly energy infrastructure, such as windfarms.

The claims comes from OGN, a British oil rig-maker, in a letter to MPs. The row has echoes of the furore that greeted the news in 2011 that Derby-based train manufacturer Bombardier had lost out to German manufacturer Siemens in the battle to win the £1.4bn Thameslink trains contract.

In the letter, seen by the Observer, OGN warns that British manufacturers will go out of business if ministers do not require North Sea oil operators to buy components from them. Dennis Clark, OGN’s chairman, claims that in the past two years only 7% of new platforms ordered for the North Sea were made in Britain.

“Over the past two years, fabrication contracts for North Sea development worth in excess of £10 billion have been placed overseas,” Clark writes. “It is estimated that more than 10,000 jobs would have been created in this country had those contracts been placed in the UK.”

The privately owned company, one of only four oil rig manufacturers left in Britain, employs about 4,000 workers, down from a peak workforce of 30,000. It is furious that the Treasury granted Norwegian oil giant Statoil tax concessions to develop the Mariner and Bressay fields in the North Sea but did nothing to compel it to use British expertise.

Clark complains that Norway, like many other countries, requires oil companies to use local suppliers for its offshore oil and gas projects. But the government claims European Union rules forbid it from taking such action.

Sajid Javid, economic secretary to the Treasury, recently signalled the government’s commitment to the offshore oil and gas industry. “The North Sea is a vital national asset, with oil and gas production supporting a third of a million jobs,” Javid said. “That is why this government has announced a range of tax measures expected to generate billions of new investment and create jobs.”

But Clark complained that there was no policy requiring tax benefits to be reinvested in the UK. “The UK is the only oil and gas province without a positive policy favouring local content,” Clark said in the letter. “Norway has operated such a policy with great success for 30 years and it has filled its own fabrication capacity.”

He said he had taken the matter up with several ministers including the chancellor, George Osborne, and the business secretary, Vince Cable.

“Everyone is interested but nobody will take decisive action,” Clark said. “The government says that it cannot intervene. We do not believe this to be the case and we appear to have the only government that adopts this stance.”

A number of MPs in the north east have tabled questions in the Commons to ask what the government is doing to protect the UK’s oil rig constructors. The Labour MP, Nick Brown, said he was seeking clarification from the government as to why other countries could ensure contracts went to their companies. “It is reasonable for us to expect the North Sea to support a strong domestic industry,” Brown said. “I’m in favour of free trade, but what is sauce for the goose should be sauce for the gander.”

According to analysis by OGN, a total of 209,000 tonnes of fabrication structures have been awarded outside the UK in the past two years. This equates to a loss to the UK economy of 12,100 direct man years of blue-collar jobs.

It said the jobs were transferable to the offshore renewable energy sector and warned that the UK’s wind and tidal projects would end up creating employment abroad unless the government changed its stance.

Huggies nappies ditched in Europe

Category : World News

Kimberly-Clark is to stop making and selling Huggies nappies in most of Europe and is closing its Barton plant near Hull.

Originally posted here: Huggies nappies ditched in Europe

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Knoxville Bankruptcy Attorneys Clark & Washington Offer a Free Bankruptcy Book

Category : World News

Knoxville bankruptcy attorneys Clark & Washington are offering a free bankruptcy book to inspire those facing difficult times.

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Chattanooga Bankruptcy Attorneys Clark & Washington Offer a Free Bankruptcy Book

Category : World News

Chattanooga bankruptcy attorneys Clark & Washington are offering a free bankruptcy book for people facing difficult times.

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Atlanta Bankruptcy Attorneys Debunk Chapter 7 Bankruptcy Myths

Category : World News

Atlanta bankruptcy law firm Clark & Washington separates fact from fiction when it comes to common false beliefs concerning chapter 7 bankruptcy.

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Orlando Bankruptcy Attorneys Separate Chapter 7 Fact from Fiction

Category : World News

Orlando bankruptcy firm Clark & Washington clears up some common false beliefs concerning chapter 7 bankruptcy.

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Nashville Bankruptcy Attorneys Clark & Washington Offer a Free Bankruptcy Book

Category : World News

Nashville bankruptcy attorneys Clark & Washington are offering a free bankruptcy book to inspire those facing difficult times.

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Anthony Clark International Insurance Brokers Ltd. (ACKBF: OTC Link) | Annual Report

Category : World News

Fri, Jun 29, 2012 08:36 – Anthony Clark International Insurance Brokers Ltd. (ACKBF: OTC Link) released their Annual Report concerning Audit Consolidated financial statements for the year ended March 31, 2012. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=85280.

Read more: Anthony Clark International Insurance Brokers Ltd. (ACKBF: OTC Link) | Annual Report

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Politics Weekly podcast: Breadline Britain – does work pay?

Category : Business

A Guardian survey this week showed that half of teachers had brought food in to schools for children who would otherwise go hungry. Families earning up to £40,000 say they are struggling to provide for their children.

As living costs rise and wages remain stagnant the issue of poverty is affecting more and more people who are in employment. It’s a group who are often forgotten by politicians who target unemployed people for either help or blame. But what are the political implications if playing by the rules and working hard is not enough to support a family?

Joining Tom Clark to discuss this: Guardian columnists Jonathan Freedland and Polly Toynbee plus Matthew Oakley from the conservative thinktank Policy Exchange.

Also this week we discuss the late conversion of David Cameron to tax-avoidance campaigning as he singles out the comedian Jimmy Carr for a ticking off. And why does Michael Gove want to bring back O-levels?

We also get a full round-up of events in the eurozone with Europe editor Ian Traynor.

Leave your thoughts below.

Read more: Politics Weekly podcast: Breadline Britain – does work pay?

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