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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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Payroll Tax Hike: Killer Whale or Red Herring?

Category : Stocks

By Daniel Wagner, AP Business Writer

WASHINGTON — Companies are rushing to describe the impact of higher Social Security taxes that took effect in January. They paint a bleak picture.

Cash-strapped shoppers are spending less, many U.S. firms warned in earnings announcements over the past few weeks. They are avoiding small luxuries like restaurant meals and fashion items. And they’re reconsidering major new purchases. Wherever people chose to cut back, those companies would feel the pinch.

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Notable earnings before Friday’s open: [[DRI]], [[KBH]]

Category : Stocks

Notable earnings before Friday’s open: DRI, KBH Post your comment!

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Stocks Stay Upbeat on Easing European Fears

Category : Stocks

NEW YORK (TheStreet) — The major U.S. equity averages were holding steadfast in positive territory early Friday afternoon as the European Central Bank pursued measures to boost banks on the continent and a growth package was put forth at a “mini” European summit in Rome.

The news provided a measure of relief for investors still digesting earlier statements from U.S. central bank officials that the Federal Reserve is unlikely to pursue any aggressive measures to stimulate the economy in the near term.

The Dow Jones Industrial Average was gaining 44.4 points, or 0.35%, at 12,618. The S&P 500 was rising more than 4 points, or 0.37%, at 1330, and the Nasdaq was ahead by 18.8 points, or 0.66%, at 2878. …

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5 Stocks Ready to Boost Dividends

Category : Stocks

BALTIMORE (Stockpickr) — Here’s some food for thought: According to research from Wharton Professor Jeremy Siegel, reinvested dividends account for 97% of total market performance. So it shouldn’t be a big surprise that finding dividend increasers is a big priority for investors hard pressed to find gains in May.

And when it comes to dividends, food stocks sport yields and rate hikes that would make any income investor salivate right now. That’s why we’re focusing on dividends in five food-related stocks today.

But we’re not waiting for food firms to announce dividend hikes. Instead, we’re focusing on the future, taking a look at five companies that are likely to boost their dividend payouts in the next quarter. …

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Stocks Finish Higher as Energy Shares Bounce

Category : Business, Stocks

NEW YORK (TheStreet) — Gains in energy stocks helped the market make a comeback Friday, even after the week’s soft housing data was capped by Friday’s disappointing read on new home sales.

The Dow Jones Industrial Average was up 34.6 points, or 0.3%, at 13,081 and the S&P 500 edged up 4.3 points, or 0.3%, at 1397. The week finished on a positive note even though it was the worst week of the year for those two indices.

The Nasdaq was higher by 4.6 points, or 0.2%, at 3068, as Apple shares pared losses after a mini flash crash.

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Notable earnings before Thursday’s open: [[DRI]]

Category : Stocks, World News

Notable earnings before Thursday’s open: DRI Post your comment!

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Market Preview: Beware the Slow Meltdown

Category : Business

NEW YORK (TheStreet) — The slow meltup may finally giving way to a slow meltdown.

Thursday saw those raising the alarm about the potential hard landing in China got some data to back up the thesis, and while most market watchers have been expecting Europe to slip into recession, there’s still bound to be a chilling effect when the economic reports begin to confirm this, as the Eurozone purchasing managers’ index did.

When the closing bell sounded, the S&P 500 had surrendered 1400, falling three days in a row, and was on pace for its worst week of the year. Even Apple showed some wear, falling back below $600.

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