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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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Post offices face ‘uncertain future’

Category : Business

A survey of sub-postmasters finds less than one in five say they can see a strong future for their business as their incomes fall.

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Man Utd shares fall on Sir Alex news

Category : Business, World News

Manchester United shares fall in New York amid concerns over the impact Sir Alex Ferguson’s retirement will have.

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Eurozone retail sales fall in March

Category : World News

Retail sales in the eurozone fall for the second month in a row in March, according to the European Union’s statistics office Eurostat

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Societe Generale mulls job cuts

Category : Business

France’s second biggest bank, Societe Generale, tells CNBC it is considering cutting up to 700 jobs as it reports a 50% fall in first-quarter earnings.

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GM profits pulled lower by Opel

Category : Business, World News

US automotive giant General Motors reports a 14% fall in profits during the first three months of the year, with losses at its European subsidiary Opel.

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LinkedIn shares hit by weak forecast

Category : Business, World News

Shares of LinkedIn fall more than 10% in after-hours trading in New York, after a weaker-than-expected forecast for the current quarter.

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Adidas shares jump on profits rise

Category : Business, World News

Adidas, the world’s second biggest sportswear firm, posts higher profits despite seeing sales fall in the first three months of 2013.

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House prices fall for first time in seven months

Category : Business

Nationwide figures reveal 0.1% drop in house prices in April but figures still higher than 12 months before

House prices fell by 0.1% in April, the first fall in seven months, but they remained higher than they were 12 months previously, according to the UK’s biggest building society.

The figures from the Nationwide put the annual price of a UK home at £165,586. This is higher than the £164,630 recorded in March, but the seasonally adjusted figures, designed to smooth out changes driven by seasonal differences in activity in the market, showed a 0.1% fall over the month.

This was the first drop since September, and smallest of four during the last 12 months.

The annual rate of change, which is not seasonally adjusted, showed prices were up by 0.9% on April 2012, while a quarterly comparison showed a 0.5% increase on the previous three months’ averagRobert Gardnere.

April’s fall followed a flat-lining in prices in March, and reports of a slowdown in the mortgage market at the start of the year.

However, the society’s chief economist, Robert Gardner, said there were signs that activity and pricing had gained momentum.

“The three month on three month measure of house prices, which is a smoother measure of the underlying trend, has been in positive territory since October last year,” said Gardner.

“Similarly, the number of mortgage approvals has edged up from the levels prevailing last year, and there are reasons for optimism that activity levels will continue to strengthen in the months ahead.”

The society, which bases its figures on mortgage valuations it has carried out over the month, pointed to the return of first-time buyers to the market in recent months and government schemes to increase the cost and availability of credit as positive signs for the housing market.

It added that there were “tentative signs that wider economic conditions are starting to improve”, but noted that “progress is likely to be gradual”.

The most recent figures from the Land Registry showed a 0.1% rise in prices in England and Wales in March. However the data, based on completed purchases, showed vast differences between different regions, ranging from double-digit price falls in some cities to double-digit growth in some part of London.

Chrysler pulls down Fiat profits

Category : Business

The third largest US carmaker Chrysler’s first-quarter net profits fall 65%, resulting in a sharp fall in profits for majority owner Fiat.

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BP’s profits fall in first quarter

Category : Business, World News

Oil giant BP reports a fall in underlying profits for the first three months of the year, but the figure still beat analysts’ expectations.

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