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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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Amazon paid £2.4m in tax in 2012

Category : Business, World News

Amazon’s UK unit paid £2.4m in corporation tax last year, despite making sales of £4.3bn, the online retailer’s accounts show.

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Teekay Corporation Rapport for første kvartal

Category : Stocks

HAMILTON, BERMUDA–(Marketwired – May 14, 2013) –
Teekay Corporation (NYSE: TK) -

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Teekay Corporation Rapport for første kvartal

Category : Stocks

HAMILTON, BERMUDA–(Marketwired – May 14, 2013) –
Teekay Corporation (NYSE: TK) -

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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.

Fortran Corp. (FRTN: OTC Pink Current) | Fortran Corp. update status on OTC

Category : World News

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FORTRAN CORP.
HICKORY, NC

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Suntron Corporation Showcases Manufacturing Capabilities and DFx Approach at SOFIC 2013

Category : Stocks, World News

PHOENIX, AZ–(Marketwired – May 8, 2013) – Suntron Corporation, a leader in integrated electronics manufacturing systems (EMS), will showcase its manufacturing capabilities for mission critical defense applications and its “Design for x…” (DFx) approach at the Special Operations Forces Industry Conference (SOFIC) 2013. The event will be held May 14-16, 2013 at the Tampa Convention Center in Tampa, FL, and Suntron will be at booth #414.

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FTSE 100 climbs to new five year highs as mining shares gain on central bank moves

Category : Business

Equities lifted by Australian interest rate cut and hopes of further action from ECB after Draghi comments

Mining stocks are among the main gainers as leading shares rose to a new five year high.

Hopes of further central bank action to boost the global economy have been fuelling share price rises, and with the Reserve Bank of Australia cutting rates and ECB boss Mario Draghi hinting on Monday of more to come if things get no better, that mood is continuing.

Rebecca O’Keeffe, head of investment at Interactive Investor, said:

In recent weeks, every piece of bad news has been tempered by the knowledge of unlimited central bank support, whilst every piece of good news has heralded a wave of new money. So far in May we’ve had the Fed, the ECB and now the RBA, who cut rates overnight, making all the right noises sending markets the multi-year and all time highs, providing investors with continued positive momentum.

With the central bank safety net in place and alternative asset classes unattractive, equities have reaped the rewards, but questions are now starting to be asked about how long equities can continue to provide such stellar returns – in particular during the historically volatile month of May. With some markets, including the Dow, reaching psychological barriers, alongside the period when the weight of new money typically slows, these constraints may well limit the ability of the markets to make significant further gains over the next few weeks.

Controversial Kazakh miner Eurasian Natural Resources Corporation has climbed 19.3p to 312p, Rio Tinto has risen 73p to 3095.5p and Glencore Xstrata has added 7p to 350.95p.

Randgold Resources missed out, dropping 163p to £49.42 as brokers including Numis and Investec cut their target prices following a biggest than forecast fall in earnings reported last week.

HSBC is 21.3p higher at 735.2p after better than expected results but G4S slid 37.3p to 268.2p after the security company warned on margins following a difficult first quarter in Europe.

J Sainsbury is down 2p at 388.9p as it confirmed reports it was in advanced talks with Lloyds Banking Group, up 0.64p to 54.69p, to take full ownership of their joint venture.

Overall the FTSE 100 has climbed 22.02 points to 6543.48.

Vanguard Energy Corporation (VNGE: OTC Link/FINRA BB) | Venue Change

Category : World News

Fri, Apr 26, 2013 12:00 – Vanguard Energy Corporation (VNGE: OTC Link/FINRA BB) – Venue Change – The symbol, VNGE, no longer trades on OTC Link. As of Fri, Apr 26, 2013, VNGE trades on OTC Link/FINRA BB. You may find a complete list of venue changes at otcmarkets.com.

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Vanguard Energy Corporation (VNGEW: OTC Link/FINRA BB) | Venue Change

Category : Stocks

Fri, Apr 26, 2013 12:00 – Vanguard Energy Corporation (VNGEW: OTC Link/FINRA BB) – Venue Change – The symbol, VNGEW, no longer trades on OTC Link. As of Fri, Apr 26, 2013, VNGEW trades on OTC Link/FINRA BB. You may find a complete list of venue changes at otcmarkets.com.

The rest is here: Vanguard Energy Corporation (VNGEW: OTC Link/FINRA BB) | Venue Change

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Canadian Oilfield Solutions Corp. Announces Suspension of Trading

Category : Stocks

CALGARY, ALBERTA–(Marketwired – April 26, 2013) – Further to its press release of April 25, 2013, Canadian Oilfield Solutions Corp. (the “Corporation“) (TSX VENTURE:OTS) announces that TSX Venture Exchange (the “Exchange“) has suspended the trading of the Corporation’s common shares on the Exchange as a result of a cease trade order (“CTO“) issued by the Alberta Securities Commission on April 25, 2013. A copy of the Exchange bulletin can be obtained from the Exchange’s website at tmx.com. Reinstatement to trading can occur only when the CTO is revoked and the Exchange has concluded its reinstatement review to ensure the Corporation has satisfactorily complied with Exchange requirements.

Original post: Canadian Oilfield Solutions Corp. Announces Suspension of Trading

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