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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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VIDEO: ‘Don Tony’ joins new act in BBC drama

Category : Business, World News

The new director general of the BBC, Tony Hall, says he is confident the corporation can get through what has been “a difficult few weeks”.

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Profits fall at Shell and Exxon

Category : Business, World News

Oil giants Royal Dutch Shell and Exxon Mobil both see quarterly profits fall as the industry battles a “difficult environment”.

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PM: UK economy ‘slowly healing’

Category : World News

The prime minister says the UK is going through a “slow and difficult healing process” rebalancing its economy, as the IMF downgrades growth forecast.

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UK economy in deep crisis – Cable

Category : World News

The UK economy is “in a very deep crisis” and predicting when it will recover is “very difficult”, Business Secretary Vince Cable tells the BBC.

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Ackman tells General Growth Properties again: Sell!

Category : Business

Hedge fund manager Bill Ackman is used to getting his way, and CEOs have been finding it more and more difficult in recent years to resist his wiles.

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French ‘supertax’ will make it harder to recruit talent, says L’Oreal boss

Category : Business

Jean-Paul Agon says François Hollande’s plan for 75% tax on earnings over €1m will hit France’s competitiveness

France will find it difficult if not impossible to recruit talented business leaders to work in the country if the government presses ahead with its “supertax” band of 75%, the head of L’Oréal said on Wednesday.

President François Hollande’s Socialist government will unveil its austerity budget for 2013 on Friday, which will include tax hikes and budget cuts to save €30bn and bring France’s public deficit down to the 3% of GDP he promised in his election campaign.

Jean-Paul Agon, the chief executive of the world’s biggest cosmetics company, told the Financial Times: “If there is such a new tax rule, it’s going to be very, very difficult to attract talent to work in France, almost impossible; at a certain level, of course.”

Hollande has pledged to impose the 75% rate on anyone earning more than €1m a year, a move popular with the public, but that has brought criticism from business leaders who fear it will hit their competitiveness, make hiring the best managers difficult and provoke a rush of wealthy taxpayers leaving the country.

Agon was one of 16 wealthy French business leaders who signed a public petition last year offering to pay more tax as a gesture of “national solidarity”. Asked by the FT whether he thought they should be paying 75%, he replied: “No, clearly not.”

Earlier this month, Bernard Arnault, head of the luxury goods group Louis Vuitton Moet Hennessy, admitted he had applied for Belgian citizenship. The announcement caused a storm but Arnault insisted he was not trying to avoid paying taxes in France.

French Connection reports loss

Category : World News

Fashion chain French Connection reports a half-year loss as sales fall during a “very difficult” six months.

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Coast guard’s potential options in response to Chinese fishing boat armada at Senkaku Islands

Category : World News

KYODO
The government will have a difficult time figuring out how to handle the Chinese fishing boat armada reportedly on its way to the disputed Senkaku Islands:

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Best Buy-out. Wait til 2013?

Category : Business

Best Buy founder and former CEO Dick Schulze now has an opportunity to buy the troubled electronics retailer. But it’s still going to be very difficult to do so in 2012.

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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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