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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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Will Google hit $1000 or is it the next Apple?

Category : Business

Although Google’s stock keeps hitting new all-time highs, it may not necessarily suffer the same fate as Apple.

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Gift voucher law must be changed | Nils Pratley

Category : Business

Protecting consumers ought to be the priority and it is hard to believe HMV’s fate would have been different had it been obliged to tell Christmas shoppers it couldn’t sell them vouchers

Administrator Deloitte has studied HMV’s business and, thankfully, decided that gift vouchers can be honoured after all. The saga, though, feels unsatisfactory. It is clearly deeply unfair that consumers, who cannot be expected to monitor the financial health of high street names, are put in the position of unsecured creditors when administration happens.

It is also a nonsense that HMV, which warned before Christmas of “material uncertainties facing the business” and a probable breach of banking covenants, could be free to continue selling vouchers.

The law should be changed to stop the latter abuse in future. The only serious objection is that vulnerable retailers might hasten their demise by advertising their frailties and, potentially, losing custom.

Yes, that’s a risk but protecting the consumer ought to be the priority. In HMV’s case, the outstanding vouchers are worth £6m-£7m. It is hard to believe the fate of the company would have been any different if it had been obliged to tell Christmas shoppers: sorry, it couldn’t sell them a voucher at that time.

Chavez’s socialist rule at risk as Venezuelans vote – Reuters

Category : Stocks


Globe and Mail
Chavez's socialist rule at risk as Venezuelans vote
Reuters
(Note: Election law forbids publication of polls in Venezuela for a week before voting) By Daniel Wallis and Todd Benson CARACAS (Reuters) – Venezuelans vote on Sunday with President Hugo Chavez facing the biggest electoral challenge yet to his
Venezuela Presidential Election SundayVoice of America
Venezuelans to Determine Chavez's Fate in Closest Election YetBloomberg
Venezuela vote a critical test for divided nationHouston Chronicle
CNN International

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Knight Capital stock rebounds

Category : Stocks

Investors are becoming increasingly concerned about the fate of Knight Capital Group, pushing its stock price closer to $2 in premarket trading Friday

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Why Madrid’s shell game backfired

Category : Stocks

After getting burned by the national government in the bank bailout, Spanish investors have understandably shunned government debt. Now the euro’s fate lies in Spain.

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EU seeks new strategy for euro

Category : World News

EU leaders prepare to meet for a closely watched two-day summit on the fate of the euro with heads of state divided about the best path forward.

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Kings attempt to keep focus

Category : World News

Dwight King has been living in a hotel since the Los Angeles Kings recalled him from the minors just over three months ago, and the playoff hero isn’t about to move out of his temporary digs.
He’s not tempting fate while the Kings are on the verge of exceeding his wildest dreams for his first NHL postseason run.

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Man accused of killing fiancée during sex awaits verdict

Category : World News

A jury is about to decide the fate of a Nova Scotia man who told police he accidentally killed his fiancée during a night of drunken sex. WARNING: Graphic details

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Omar Khadr transfer request in Ottawa’s hands

Category : World News

Omar Khadr is anxious to return to Canada and “become a contributing member of our society,” his Toronto lawyer says, as the federal government confirms the Canadian Guantanamo Bay prisoner’s fate is now in its hands.

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Health Care Stocks Vulnerable if Individual Mandate Struck Down

Category : Business, Stocks

NEW YORK (TheStreet) — The U.S. Supreme Court could create a real conundrum for health care companies in June.

The court on Wednesday ended three days of oral arguments that have served to stoke uncertainty about the fate of the Patient Protection and Affordable Care Act, otherwise known as Obamacare.

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