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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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Coca-Cola warns of possible job cuts

Category : Business

Coca-Cola Enterprises warns that 288 jobs are at risk across the UK, due to a planned change in the way its distributes its products.

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GBS Enterprises Incorporated (GBSX: OTC Link/FINRA BB) | Symbol Change

Category : Stocks, World News

Thu, Feb 21, 2013 12:00 – GBS Enterprises Incorporated (GBSX: OTC Link/FINRA BB) – Symbol Change – The symbol, GBSX, is no longer a valid symbol for GBS Enterprises Incorporated. As of Thu, Feb 21, 2013, the new trading symbol is GBSXE. You may find a complete list of symbol changes at otcmarkets.com.

Read more from the original source: GBS Enterprises Incorporated (GBSX: OTC Link/FINRA BB) | Symbol Change

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Spongetech Delivery Systems, Inc. (SPNGQ: Grey Market) | SEC Litigation Release

Category : Stocks, World News

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22586 / January 4, 2013

Securities and Exchange Commission v. Spongetech Delivery Systems, Inc., RM Enterprises International, Inc., Steven Y. Moskowitz, Michael E. Metter, George Speranza, Joel Pensley and Jack Halperin, Civil Action No. 10-2031 (E.D.N.Y.) (filed May 5, 2010)

SEC OBTAINS JUDGEMENTS AGAINST FORMER SPONGETECH EXECUTIVES MICHAEL E. METTER AND STEVEN Y. MOSKOWITZ

The Securities and Exchange Commission announced that on December 18, 2012 and June 12, 2012, the Honorable Judge Dora L. Irizarry, United States District Judge for the Eastern District of New York, entered Judgments against, respectively, Michael E. Metter (“Metter”), the former Chief Executive Office of Spongetech Delivery Systems, Inc. (“Spongetech”), and Steven Y. Moskowitz (“Moskowitz”), Spongetech’s former Chief Financial Officer.

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Southridge Enterprises, Inc. (SRGE: Grey Market) | Venue Change

Category : Stocks, World News

Mon, Dec 31, 2012 12:00 – Southridge Enterprises, Inc. (SRGE: Grey Market) – Venue Change – The symbol, SRGE, no longer trades on OTC Link. As of Mon, Dec 31, 2012, SRGE trades on Grey Market. You may find a complete list of venue changes at otcmarkets.com.

Here is the original post: Southridge Enterprises, Inc. (SRGE: Grey Market) | Venue Change

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ALAS International Holdings, Inc. (VDSC: OTC Link) | Shareholders Update

Category : Stocks, World News

ALAS International Holdings, Inc. (aka PV Enterprises International, Inc.)< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

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Southridge Enterprises, Inc. (SRGE: OTC Link) | Notification of Late Filing

Category : Stocks, World News

Fri, Nov 30, 2012 10:25 – Southridge Enterprises, Inc. (SRGE: OTC Link) released their Notification of Late Filing concerning Annual Report. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=95783.

Continued here: Southridge Enterprises, Inc. (SRGE: OTC Link) | Notification of Late Filing

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Tesoro Enterprises, Inc. (TSNP: OTC Link) | CORRECTION: Company issues estimate of Third quarter 2012 Financial Performance

Category : World News

Tesoro Enterprises, Inc.(TSNP:PK) today released estimates of its financial performance for the three and nine months ended September 30, 2012.

Net Sales for the three months ended September 30, 2012 were approximately $50,000 compared to $176,000 for the three months ended September 30, 2011, a decrease of approximately $126,000 or 72%. Net sale for the nine months ended September 30, 2012 were approximately $252,000 compared to $440,905 for the nine months ended September 30, 2011 a decrease of approximately $189,000 or 42%.

Tesoro’s CEO Henry J. Boucher said that the company had not yet begun to experience the reported improvement in home sales reported in the news media. He also said that consumers are still seeing reductions in disposable income caused by fuel costs and general upside pressure on other costs. Firming of home values and the availability disposable income are the most significant determining factors in the remodeling decision.

Mr. Boucher also stated that despite the softening in Net Sales, the company expects to see a significant improvement in its operating loss due to reductions in operating expenses. Net Income (Loss) for the nine months ended September 30, 2012 was approximately $(130,000) compared to $(224,000) for the nine months ended September 30, 2011 an improvement of approximately $94,000 or approximately 42%.

In addition, the Company announced that in accordance with its published resolution, it had purchased 21,000,000 shares of its common stock from the market. This activity has resulted in the temporary reduction of the Outstanding Shares from a high of 4,548,379,108 on June 30, 2012 to a current Outstanding Shares of 4,527,379,108 as reported on the pink sheet web page for TSNP.

Forward-Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events.

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Data Storage Start Up Evtron to Debut at DEMO Fall 2012

Category : World News

Co-Founders Travel by Car From St. Louis, Mo.; Start New Journey to Solve Big Data Problem for Enterprises Worldwide

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Tesoro Enterprises, Inc. (TSNP: OTC Link) | Tesoro Enterprises, Inc. releases estimate of Q2 ’12 Financial Performance

Category : Stocks

New Canaan, CT – Tesoro Enterprises, Inc. (TSNP:PK) today released estimates of its financial performance for the three and six months ended June 30, 2012.

Net Sales for the three months ended June 30, 2012 were approximately $117,000 compared to $170,131 for the three months ended June 30, 2011, a decease of approximately $53,000 or 31%. Net sales for the six months ended June 30, 2012 were approximately $216,000 compared to $263,920 for the six months ended June 30, 2011, a decrease of approximately $47,000 or 18%.

Tesoro’s CEO, Henry J. Boucher, said that “The decrease in Net Sales was caused by a general weakening of the economy in the areas served by the Company’s retail stores. This weakness is magnified by the uncertainty surrounding the up coming Federal and State Tax Law changes and their impact on the consumers’ disposable income, the primary source of the funds used to upgrade personal residences.” In order to mitigate the weakness in flooring sales, the Company has added The Hunter Douglas line of window treatments to its New Canaan store.

Mr. Boucher further stated that while the Company is disappointed in the sales figures, he does not believe that the shortfall in net sales year-to-date is insurmountable; and, that the company has a reasonable chance to recover and match or exceed 2011 net sales.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

Here is the original post: Tesoro Enterprises, Inc. (TSNP: OTC Link) | Tesoro Enterprises, Inc. releases estimate of Q2 ’12 Financial Performance

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Amazon Web Services (AMZN) witnesses a giant outage thanks to the storms that hit the East Coast last night. The outage affected Netflix (NFLX), Instagram, Pinterest, and many other clients. It’s the second time AWS has gone down in June, and,…

Category : Stocks

Amazon Web Services (AMZN) witnesses a giant outage thanks to the storms that hit the East Coast last night. The outage affected Netflix (NFLX), Instagram, Pinterest, and many other clients. It’s the second time AWS has gone down in June, and, together with a Thursday Salesforce.com (CRM) outage, drives home the reliability concerns some enterprises still have about cloud services. The outage comes days after Google (GOOG) launched a rival cloud infrastructure platform. 5 comments!

Read the original here: Amazon Web Services (AMZN) witnesses a giant outage thanks to the storms that hit the East Coast last night. The outage affected Netflix (NFLX), Instagram, Pinterest, and many other clients. It’s the second time AWS has gone down in June, and,…

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