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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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Harvest Operations Announces First Quarter 2013 Financial and Operating Results

Category : Stocks, World News

CALGARY, ALBERTA–(Marketwired – May 14, 2013) - Harvest Operations Corp. (TSX:HTE.DB.G) announces its financial and operating results for the first quarter ended March 31, 2013. The unaudited financial statements, notes and MD&A pertaining to the period are available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and are available on the Harvest website www.harvestenergy.ca. All figures reported herein are in Canadian dollars unless otherwise stated.

See the article here: Harvest Operations Announces First Quarter 2013 Financial and Operating Results

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Netherlands’ Rabobank International Selects HP Autonomy for Dodd Frank Compliance

Category : Stocks

Global Banking Institution Relies on HP Autonomy for End-to-End Document Life Cycle Management

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e2v Launches Colour Versions of Its Market Leading ELiiXA+ Line Scan Cameras

Category : Stocks

TOKYO–(Marketwire – Mar 10, 2013) –  e2v, a leading global provider of high performance imaging solutions, has launched colour versions of its market leading ELiiXA+ line scan cameras. The new colour 16k/8k and 8k/4k cameras are based on e2v’s multi-line CMOS technology. They provide users with a true colour mode, making them ideal for high resolution document scanning and the inspection of printing, flat panel displays, printed circuit boards, food, pharmaceutical and high quality raw material surfaces.

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Couchbase Announces Availability of Couchbase Server 2.0

Category : Stocks

Leading Open Source NoSQL Database Adds Document Database Capabilities, Extends Scalability and Performance Leadership

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Investors’ warning over Lloyds and RBS shares

Category : Business

Investors’ warning over Lloyds and RBS shares

Major City investors have issued a stark warning to the government that there is little chance of selling off the taxpayers’ stakes in Royal Bank of Scotland and Lloyds Banking Group with the current uncertainty about regulations for the banking sector.

As policymakers call on all banks – not just the bailed out ones – to bolster their capital levels in the face of the eurozone crisis and come clean about bad loans on their balance sheets, investors are calling for clarity about the type and amount of capital banks must hold.

In a document released on Friday , the Association of British Insurers, whose members control a fifth of the stock market, indicated that investors are unlikely to buy shares in banks– which would help bolster their capital cushions– if they are not able to generate high enough returns on their investments.

Investors have also indicated they were unlikely to buy shares in RBS or Lloyds until the banks resumed dividend payments. The government controls 82% of RBS and 40% of Lloyds through arm’s length body UK Financial Investments.

“There is broad agreement that UKFI’s ability to reduce its stakes in Lloyds Banking Group and RBS group is likely to be contingent on re-establishing a clear path to meaningful and sustainable dividend payments,” the ABI said.

The shareholder group’s document also considers whether the need to hold more capital is reducing the returns banks are able to make to such an extent that they are not attractive to shareholders. Barclays, Lloyds and RBS all have stock market values that are only just over half of the value of their assets.

The FSA is holding discussions with banks about the amount of capital they hold after concerns raised by the Bank of England’s Financial Policy Committee that accounting policies may be allowing them to delay making provisions for potential bad loans.

The ABI agrees that investors need assurances about the quality of the loans banks hold but argues that banks already provide information about their policies of forbearance – where lenders are offered leniency – and make provisions for loans in their annual reports.

While the ABI acknowledged that investors wanted banks to be safer it also wants them to be able to generate profits as this would allow them to pay dividends but also generate their own capital. But the ABI conceded: “We recognise that public perception of the banking industry is such that the very notion of a bank making profit may, for many, be quite abhorrent”.

The ABI is asking for clarity on the decision by the Independent Commission on Banking for banks to have a 10% core tier one capital ratio – a measure of financial strength- rather than the 7% set out by international regulators in Basel, Switzerland.

The ABI reported that some investors are “unconvinced” about the benefits of ring fencing highs street banking from investment banking, as proposed by the ICB, while others are more supportive. But they argue that banks should be allowed to sell complex derivatives from inside the ringfenced bank, a topic currently being considered by parliament.

The ABI also joins the employers’ body the CBI to introduce a time limit on claims that can be made for missold payment protection insurance, which is currently costing the banks £12bn.

Questor Technology Inc. Announces Third Quarter 2012 Financial Results

Category : Stocks, World News

CALGARY, ALBERTA–(Marketwire – Nov. 27, 2012) –

THIS DOCUMENT IS NOT INTENDED FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES.

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Questor Technology Inc. Announces Third Quarter 2012 Financial Results

Category : Stocks

CALGARY, ALBERTA–(Marketwire – Nov. 27, 2012) –

THIS DOCUMENT IS NOT INTENDED FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES.

Read this article: Questor Technology Inc. Announces Third Quarter 2012 Financial Results

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David Cameron is accused of a ‘sham listening exercise’ on NHS reform after links to lobbyist are revealed

Category : Business

Leaked document shows how private health firms worked with Downing Street to ensure new legislation went ahead

The coalition has been accused of presiding over a sham “listening exercise” on NHS reform last year, as a leaked document reveals how the private health lobby worked with Downing Street behind the scenes to ensure that the new legislation went ahead.

David Worskett, the industry’s chief lobbyist, cleared his group’s public statements with officials and was personally thanked by No 10 for arranging the publication of a letter from clinicians in support of the reforms during the key “pause” period last year, called to reflect on the proposed reforms.

A series of phone calls between the lobbyist and Downing Street’s health adviser was followed by a welcome “addition” to a major speech by the prime minister, according to a five-page document written for members of the private healthcare lobby group. The government claimed at the time that it would call a temporary halt to its efforts to introduce more competition within the NHS through its controversial health and social care bill. The prime minister told doctors and nurses: “We are taking this time to pause, to listen, to reflect and to improve our NHS modernisation plans. Let me be clear: this is a genuine chance to make a difference.”

But in the document, obtained by the website Social Investigations, Worskett, director of NHS Partners Network, the lobby group representing companies such as Circle and Care UK, wrote: “I did brief the new No 10 health policy adviser very fully, and indeed ‘cleared’ our materials with him. I have had several other ‘stock take’ phone conversations with him.

“We are certainly on No 10′s radar – I received an invitation to the PM’s big speech last Monday and went. (Incidentally, for those who had the pre-event text, he specifically added a sentence about the importance of patients being able to attend private hospitals if they wanted to, provided NHS standards and prices were being met).”

Intriguingly, Sir Stephen Bubb, whom the government selected to lead a review of the role of competition in the NHS, wrote on his blog at the time: “Just as I was signing off our panel’s report on ‘Delivering real choice’ I get sent a copy of the PM’s speech announcing he was accepting many of our key recommendations (although we haven’t actually given him the report yet!) … I am unclear why he thought it was a good idea to pre-announce acceptance of much of our report, but it is welcome.”

The briefing document also suggests that Bubb, who was chosen by the government to provide an independent report as part of the coalition government’s listening exercise, met Worskett to help direct the approach that he would take.

The lobbyist also claimed to have been congratulated on his lobbying by the head of the NHS forum leading the listening exercise, Steve Field.

Worskett wrote: “I had one lengthy, very early discussion with Sir Stephen Bubb at which we agreed on the approach he would take, what the key issues are, and how to handle the politics. He has not deviated from this for a moment throughout the period.

“We organised a letter from our Clinical Forum, on behalf of the 45,000 clinicians who do NHS work from the independent sector, to Steve Field. This was powerful. Steve himself told me how useful and well argued it was and No 10 also thanked me for it.”

Shadow health minister Jamie Reed said the document “confirms what many have long suspected to be the case – that the highest levels of government were in talks with cheerleaders for private healthcare on how to ram the privatisation of the NHS through parliament”. He added: “We have it in black and white that David Cameron’s ‘listening exercise’ was a sham – he wilfully ignored overwhelming concerns and stuck to his privatisation plans.”

Bubb said it was a nonsense to claim that he was “engaged in some sort of conspiracy”, adding that it was his role to talk to all parties.

A spokesman for the NHS Partners Network said there was agreement between the government, Bubb and the lobby group, but denied that the process was a sham. He said: “We ‘cleared’ points with No 10 in the sense that we sought to ascertain the extent to which they were consistent with the government’s own thinking, not with the intention or need to secure approval.

“Sir Stephen Bubb has always been wholly independent, so there was absolutely no question of ‘telling’ him to do anything.”

A joint statement from Downing Street and the Department of Health said: “It is nonsense to suggest that the NHS listening exercise was not genuine and robust. This government is committed to protecting an NHS that is universal and free at the point of use.

“Government ministers, officials and the NHS Future Forum met with a large number of representatives from all areas of health and social care during the listening exercise. As you would expect, this included representatives from the private sector.”

EasyJet’s passport rule creates a no-fly zone

Category : Business

Passport rules kept us grounded and then out of pocket over alternative transport costs

At an easyJet check-in at Gatwick airport my husband was not allowed to board a flight to Biarritz in France because his New Zealand passport did

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CORRECTION FROM SOURCE-CFIA/Updated Health Hazard Alert: Various Beef Products May Contain E. coli O157:H7 Bacteria

Category : World News

OTTAWA, ONTARIO–(Marketwire – Oct. 17, 2012) - This document corrects and replaces the Updated Health Hazard Alert that was sent on Oct. 16, 2012 at 9:45 PM ET.

Continue reading here: CORRECTION FROM SOURCE-CFIA/Updated Health Hazard Alert: Various Beef Products May Contain E. coli O157:H7 Bacteria

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