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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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Apple reports rare fall in profits

Category : World News

Computer and smartphone maker Apple reports its first quarterly drop in profits in a decade, despite strong sales in the three months to March.

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McDonald’s sees fall in global sales

Category : Business

McDonald’s reports a drop in first quarter global sales and says it expects sales to fall in April as well, as a “challenging” environment hits trade.

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Profits down at JD Sports Fashion

Category : World News

JD Sports Fashion reports a drop in profits following losses at its outdoor chains, Millets and Blacks.

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Infosys shares fall on weak forecast

Category : World News

Shares of Infosys, India’s second-largest software firm, drop nearly 20% after its revenue growth forecast falls short of market expectations.

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Hack attacks hit Bitcoin value

Category : World News

Online services and exchanges dealing in Bitcoins have been hit by hack attacks that led to a drop in the value of the virtual currency.

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After S&P record, market faces earnings cliff

Category : Business, Stocks

On Thursday, the S&P 500 hit an all-time high. Stocks will have to leapfrog a drop in earnings for the index to climb even higher.

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Schroders chief takes £1m cut to pay package

Category : Business

The 16% dip in pay came in a year the company reported a 12% drop in pre-tax profits to £360m

Michael Dobson, the chief executive of fund management group Schroders, took a £1m cut to his pay last year after receiving a £5.37m package, down from £6.37m in 2011.

In total Dobson received a salary of £400,000 plus a cash bonus of £2.3m, rewards which were supplemented by two separate grants of shares worth £2.14m and £500,000.

This is the second time in two years that Dobson has taken a £1m pay cut, after receiving £7.37m in 2010.

The 16% dip in pay came in a year the company reported a 12% drop in pre-tax profits to £360m.

In the group’s annual report, Lord Howard, the chairman of Schroders remuneration committee, wrote: “Variable compensation awards for the current executive directors were between 13% and 39% lower than 2011. This reflects the strong results achieved in terms of investment performance and net new business, but also the reduction in profit before tax.”

Executive vice-chairman Massimo Tosato received £3.34m in 2012, while departing chief financial officer Kevin Parry made £2.11m.

Caterpillar slump raises risks to the rally

Category : Business, Stocks

A drop in sales sent Caterpillar’s stock down nearly 2%, making it the only Dow component to see red.

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Cathay Pacific profits plunge 83%

Category : Business, World News

Hong Kong-based Cathay Pacific posts a 83% plunge in profits amid higher fuel costs and a drop in demand for corporate travel.

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Dell sales fall ahead of buyout

Category : Business

Computer maker Dell reports a drop in sales but its earnings still beat expectations, in what could be its last set of results as a public company.

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