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

Private members’ ballot: Politics live blog

Category : Business

Andrew Sparrow‘s rolling coverage of all the day’s political developments as they happen, including the private members’ ballot and Google giving evidence about tax avoidance to the public accounts committee

Post to Twitter

BT reports rise in annual profits

Category : World News

BT reports a rise in full-year profits, a day after setting out its challenge to BSkyB’s dominance of the UK’s sports pay-TV market.

More here: BT reports rise in annual profits

Post to Twitter

Tesla zooms to new high, then pulls back

Category : Business, Stocks

Shares of Tesla rose above $60, one day before the electric car maker is due to report its first-ever quarterly profit.

Originally posted here: Tesla zooms to new high, then pulls back

Post to Twitter

Infinity Augmented Reality and Technical Evangelist Robert Scoble Are Enthusiastic About the Upcoming Release of Google Glass

Category : Stocks, World News

NEW YORK, NY–(Marketwired – May 8, 2013) – Infinity Augmented Reality, Inc. (“Infinity Augmented Reality” or “Infinity AR”) (OTCQB: ALSO) — Infinity AR, is a company that is focused on the development of high tech software and hardware applications for augmented reality platforms including augmented eyewear being developed by Google, Apple and others. Avrohom Oratz, Chief Executive Officer at Infinity AR, comments on the wildly enthusiastic rave to wearing Google Glass by blogger, technology evangelist and author Robert Scoble, who stated after his experience with the Google Glass, “I’ll never live a day of my life from now on without it… It’s that significant… It has changed my life.”

See the rest here: Infinity Augmented Reality and Technical Evangelist Robert Scoble Are Enthusiastic About the Upcoming Release of Google Glass

Post to Twitter

Betfair lifts forecasts to help fend off unwanted CVC bid

Category : Business

Betting group says full year revenues and earnings beat expectations while cost savings rise

Online gaming group Betfair has issued an upbeat trading statement in an attempt to fend off an unwanted £920m bid from private equity group CVC Capital Partners.

Its shares added 16.5p to 861.5p. This is still below the 880p on offer from CVC, although some nonetheless believe the price will have to be raised to win the day.

Betfair said full year estimated earnings were likely to come in at around £73m, at the top end of its previous forecasts. Revenues had reached around £387m while it had £138m of cash on the balance sheet. It reported record new UK customers, and cut 500 staff as part of a restructuring.

Cost savings have been raised from £20m to £30m. But there was no mention of any cash return to investors, which some had been expecting.

Chief executive Breon Corcoran said the company’s new management team had successfully completed the shake-up ahead of schedule, and its new sportsbook was doing well in combination with its existing exchange business. Having bought Blue Square it is planning further targeted acquisitions. In a buy note Simon French at Panmure Gordon said:

The key thrust on strategy is that early indications are that the exchange and sportsbook products are more complimentary than originally envisaged and that “Exchange plus Sportsbook” can deliver a sustainable competitive advantage.

Some investors may be disappointed there is no commitment to return cash to shareholders but the group is looking to accelerate growth through international opportunities and balance sheet flexibility. [We] reiterate our buy recommendation and 1000p target price.

Nick Batram at Peel Hunt kept his hold recommendation but also welcomed the update:

As an initial defence, beating expectations and raising cost savings shouldn’t really surprise anyone, but it is nonetheless a good start for Betfair’s management.

There are three key positives from today’s announcement that suggest to us that CVC will have to significantly up its bid if it wants to secure Betfair. Firstly, while it is early days, the increased focus on the UK appears to be delivering strong customer acquisition numbers. Secondly, what might have been a back-foot defence now firmly looks like a business being positioned on the front foot. Finally, we are glad to see that returning cash to shareholders is not an option at this stage. In a rapidly evolving market and with the strategic opportunities open to Betfair, we believe the cash is better off being deployed in growing the company.

Hong Kong dock workers end strike

Category : Business

Dock workers in Hong Kong end a 40-day strike affecting one of the world’s busiest ports.

Read this article: Hong Kong dock workers end strike

Post to Twitter

BuyeratLarge.com: Specialty Retailer Mails New Catalog & Pays Tribute to Moms Everywhere

Category : Stocks, World News

STILLWATER, MN–(Marketwired – May 7, 2013) – In a tribute to moms everywhere, specialty gift retailer Buyer at Large is mailing its first ever print catalog just in time for Mother’s Day. The catalog is being sent to select recipients and is full of unique and meaningful gifts for women. In addition to the catalog, Buyer at Large has also created a mother’s day gift guide to help shoppers choose the perfect gift for mom.

Go here to see the original: BuyeratLarge.com: Specialty Retailer Mails New Catalog & Pays Tribute to Moms Everywhere

Post to Twitter

Gatsby Before He Was Great – Newsweek

Category : Stocks


Newsweek
Gatsby Before He Was Great
Newsweek
EVERY TWO dozen years or so, an adaptation of The Great Gatsby appears on the silver screen: in 1926, 1949, 1974, and now. If this fourth effort, directed by Baz Luhrmann and starring Leonardo DiCaprio, is to serve a purpose at all, it would be to send us
New 'Gatsby' film worse than the old oneWorcester Telegram
G'day to 'The Great Gatsby'Los Angeles Times
Review: Luhrmann's 'Great Gatsby' is okay and nothing moreHitFix
Boston.com

Post to Twitter

Stocks begin May with a sell-off

Category : Business, Stocks

Stocks dropped about 0.9% a day after they knocked-out six consecutive monthly gains, and Wall Street is wondering whether the bulls still have more room to run.

Original post: Stocks begin May with a sell-off

Post to Twitter

Wonderful Ways to Celebrate Mom

Category : Stocks

MISSION, KS–(Marketwired – May 2, 2013) – (Family Features) Mothers are incredible people. This year, make sure you properly thank her for all she has done for you by celebrating her with a day she’ll cherish forever.

Read the original here: Wonderful Ways to Celebrate Mom

Post to Twitter