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

VIDEO: HMV: Where did it all go wrong?

Category : Business

Restructuring specialist Hilco has clinched a deal to rescue music and DVD retailer HMV, but where did it all go wrong for the once-dominant music retailer?

Continue reading here: VIDEO: HMV: Where did it all go wrong?

Post to Twitter

Regulator raps Big Four accountants

Category : Business

Britain’s four biggest accountancy firms have come under attack from the Competition Commission for being too dominant.

Continue reading here: Regulator raps Big Four accountants

Post to Twitter

BCG Names the World’s 50 Most Innovative Companies

Category : World News

Traditional Players Have Muscled Their Way Into The Boston Consulting Group’s Most Innovative Companies List, Leapfrogging Historically Dominant Technology Firms, Survey of 1,500 Executives Finds

See the rest here: BCG Names the World’s 50 Most Innovative Companies

Post to Twitter

EnerCare Comments on Competition Bureau Applications Against Direct Energy and Reliance Comfort LP

Category : World News

TORONTO, ONTARIO–(Marketwire – Dec. 21, 2012) - EnerCare Inc. (TSX:ECI) and EnerCare Solutions Inc. (collectively, “EnerCare“) today announced that they have learned that the Interim Commissioner of Competition (the “Commissioner“) has filed applications with the Competition Tribunal against both Direct Energy Marketing Limited (“Direct Energy“) and Reliance Comfort Limited Partnership under the Competition Act (Canada) alleging that they each hold dominant positions in the supply of certain types of water heaters in certain areas of Ontario and that they have each engaged in a practice of anti-competitive acts through their respective water heater return policies and procedures.

Read the original here: EnerCare Comments on Competition Bureau Applications Against Direct Energy and Reliance Comfort LP

Post to Twitter

Financial Services Authority tackles listing rules amid Bumi debacle

Category : Business

FSA’s revised rules should deter companies from running roughshod over UK corporate governance practice

The problems of Bumi, the mining company mired in an investigation into alleged irregularities in its Indonesian operation, are well rehearsed. The London-listed company started life as a shell company – one hunting acquisitions – known as Vallar and fronted by financier Nat Rothschild. It took a stake in the Jakarta-based company Bumi Resources and renamed itself Bumi, but the London-listed business is now left with a dominant shareholder with a near 30% stake.

The on-going saga – the share price is down 84% from the £10 flotation price – has led to questions about why companies such as Bumi are able to gain a listing in London at all.

New rules published the Financial Services Authority on Tuesday should in theory deter any company from running roughshod over the accepted corporate governance rules and boardroom structures.

The FSA – which oversees the “listing rules” with which London listed companies much comply – is now introducing the concept of a controlling shareholder. This will require an agreement to be put in place that formalises the relationship between the dominant shareholder and the company. Perhaps more crucially, the company will have to have a majority of independent directors and also introduce a dual voting structure, so that independent shareholders can have more say in the directors’ appointment.

It sounds complicated but should at least tackle some of the problems of investing in companies with large shareholders. Luis Martin, lawyer at Eversheds, pointed out that some of these protections were removed in the 2004 review of the listing rules. They are now being reintroducted – and has extra provisions. Another fall out, it seems, from the days of “light touch” regulation.

The DOJ has approved [[SAP]]’s $4.3B ($45/share) acquisition of Ariba (ARBA), following a somewhat lengthy review. The news comes shortly after SAP announced U.K. regulators have also given their blessing to the deal, which will make SAP a dominant…

Category : Stocks

The DOJ has approved SAP‘s $4.3B ($45/share) acquisition of Ariba (ARBA), following a somewhat lengthy review. The news comes shortly after SAP announced U.K. regulators have also given their blessing to the deal, which will make SAP a dominant player in enterprise procurement software and the owner of a top B2B e-commerce network. Post your comment!

Read more: The DOJ has approved [[SAP]]’s $4.3B ($45/share) acquisition of Ariba (ARBA), following a somewhat lengthy review. The news comes shortly after SAP announced U.K. regulators have also given their blessing to the deal, which will make SAP a dominant…

Post to Twitter

South Africa phone company fined

Category : Business

South African communications company Telkom is fined $54.8m (£35m) for using its dominant market position to “bully” competitors.

The rest is here: South Africa phone company fined

Post to Twitter

Microsoft unveils Surface tablets

Category : Business

Microsoft has shown off an own-brand family of tablets called Surface which will help it challenge Apple’s dominant iPad.

Read the original here: Microsoft unveils Surface tablets

Post to Twitter

Google must answer trust concerns

Category : Business

The European Commission tells Google it has a “matter of weeks” to allay fears it is abusing its position as the world’s dominant search engine.

Read more from the original source: Google must answer trust concerns

Post to Twitter

Google must answer trust concerns

Category : Business, World News

The European Commission tells Google it has a “matter of weeks” to allay fears it is abusing its position as the world’s dominant search engine.

See the article here: Google must answer trust concerns

Post to Twitter