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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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Grant Shapps to be investigated by advertising watchdog

Category : Business

Tory party chairman accused of misleading use of alter egos to promote his internet marketing firm

The website founded by Grant Shapps is being investigated by the Advertising Standards Authority after complaints that it “misleadingly implied” that the Tory chairman’s alter ego was a real person.

The Plashing Vole, a blogger, complained to the regulator last month that HowToCorp, started by Shapps and his wife in 2000, was an internet marketing firm which had seen the Tory MP “posing as ‘Michael Green’ and/or ‘Sebastian Fox’ to flog … business guides, software and SEO scripts”.

The writer also asked the authority to look into whether the “testimonials” from customers on the website were real: “After a bit of digging, I decided that the enthusiastic endorsements by happy customers of HowToCorp might be just as fictional as Grant’s alter egos.”

The confidential reply from the ASA, which was posted online, said the regulator would be contacting the company to ask for evidence to back up the assertions.

The watchdog said the complaint would be dealt with “under our formal investigations procedure, which means that we will ask HowToCorp to comment on the complaint that the ad misleadingly implies Sebastian Fox or Michael Green are real people, and that the testimonies are not genuine, and to send evidence to support the claims”.

“We will then draft a recommendation and refer your complaint to the ASA council for adjudication.”

The Conservative chairman has kept a low profile since the spate of headlines over his previous business career. Shapps has remained a low-key presence in Westminster despite the build up to the Tory party conference which starts this weekend.

Shapps stepped down from the company in 2008, but his past as a “multimillion-dollar web marketer” named Michael Green generated headlines just as he emerged as a key figure in the party.

The Guardian revealed last month that HowToCorp’s main product, TrafficPaymaster, infringed Google’s code of conduct by plagiarising content from other sites in order to inflate ad revenue. Shapps said this software was created in 2010, two years after he transferred his share in the firm to his wife.

Later revelations found that Shapps spoke, under the name of Michael Green, to reveal the secrets of his trade at a $3,000-a-head internet conference in Las Vegas while he was the Conservative party candidate for Welwyn Hatfield.

At the age of 35, Shapps claimed to have established “the world’s largest internet marketing forum”. A few years later, while a member of the shadow cabinet, he also had time to run phone lines where, for $297 an hour, Green would give tips to aspiring entrepreneurs.

Almost all of Green’s websites have now disappeared from the internet and HowToCorp’s TrafficPaymaster is no longer on sale – and its website only offers a help service for current users.

A spokesman for the Tory chairman said: “Mr Shapps hasn’t been involved with this company for four and a half years. These websites are no longer online and any blogger can make a spurious complaint about any website, which then has to be investigated. This is in the hands of the ASA.”

Gold Prices Trade Sideways on PMI Miss (Update 1)

Category : Business

Updated from 10:09 a.m. EDT with settlement prices

NEW YORK (TheStreet) — Gold prices traded sideways Tuesday as PMI manufacturing data came in a bit lower than expected, which renewed faint signs of possible Federal Reserve intervention.

Gold for August delivery settled down $1.20 to $1,576.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,584 and as low as $1,567.80 an ounce, while the spot price was climbing $1, according to Kitco’s gold index. …

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Gold Climbs Back After Weak Jobs Report (Update 1)

Category : Business, Stocks

Updated from 11:06 a.m. EDT with settlement prices

NEW YORK (TheStreet) — Gold prices traded higher Monday as investors continued to let the dust settle from Friday’s labor report.

Gold for August delivery settled up $10.20 at $1,589.10 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,590 and as low as $1,576 an ounce, while the spot price was up $9.70, according to Kitco’s gold index. …

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Gold Moves Higher, Seen as Safe-Haven Play

Category : Business, Stocks

NEW YORK (TheStreet) — Gold prices were higher Monday as gold offered a haven for investors amid sluggish U.S. economic indicators.

Gold for August delivery was rising $5.60 at $1,572.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,577.30 and as low as $1,566.90 during the session, while the spot price declined 70 cents, according to Kitco.com.

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Eurozone Doubts Nudge Gold Higher (Final)

Category : Business, Stocks

Updated from 3:17 p.m. with with final spot price and closing prices of various gold stocks

NEW YORK (TheStreet) — Gold prices rose Wednesday as the yellow metal’s safe-haven appeal continued to grow ahead of the upcoming general elections in Greece this weekend. …

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Gold Prices Waver on U.S. Housing Data

Category : Stocks

NEW YORK (TheStreet ) — Gold prices settled marginally lower Friday after a better-than-expected reading on U.S. home sales offered more evidence of a stabilizing economy.

Gold for April delivery shed $1.50 to settle at $1,774.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,781 and as low as $1,762.60 an ounce while the spot price was falling $5, according to Kitco’s gold index.

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Best Business Lessons From George Washington

Category : Stocks

NEW YORK (MainStreet) — As we celebrate President’s Day, it makes sense to look back in history to find one of the best examples of a great leader — George Washington, our nation’s first president.

Washington would have celebrated his 280th birthday on Wednesday. His contributions, first as the commander-in-chief to free America from Britain’s grip in the American Revolutionary War and then as our nation’s first president, are numerous and immeasurable. The U.S. would not be what it is today without his strong sense of morality and general instinct to do what was right for the country, as opposed to inflating his own ego.

Washington’s lessons can be translated to the business world as well. In the fourth installment of advice from the greats, the national hero joins a growing group of legends — Apple’s Steve Jobs, Warren Buffet and Joe Paterno.

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Gold Prices Push Higher Despite Stronger Dollar

Category : Business

NEW YORK (TheStreet ) — Gold prices rose Wednesday along with the dollar as the two resumed their safe haven status.

Gold for April delivery added $10.40 to close at $1,728.10 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,739.20 and as low as $1,720.30 an ounce while the spot price was adding $6, according to Kitco’s gold index.

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Gold Prices Struggle as the Dollar Gains Appeal

Category : Business, Stocks

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NEW YORK (TheStreet ) — Gold prices closed lower Tuesday after waffling for most of the session as investors moved toward the safety of the dollar and left gold on the sidelines.

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Gold for April delivery closed down $7.20 at $1,717.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,729.90 and as low as $1,713.80 an ounce while the spot price was shedding $6, according to Kitco’s gold index.

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