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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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Bank accounts will be ‘open to all’

Category : Business, World News

European residents will have the right to open a basic bank account in any country of the EU and compare the fees charged by providers, under new plans.

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Seven in Ten Ontarians Believe Liberals Broke Tuition Fee Promise

Category : Stocks, World News

TORONTO, ONTARIO–(Marketwired – April 16, 2013) - According to a recent poll commissioned by the Canadian Federation of Students-Ontario and conducted by Harris-Decima, 69 per cent of Ontarians believe the Liberal government broke the spirit of their election promise to give students and their families 30 per cent off the cost of tuition fees.

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EU probe to examine Mastercard fees

Category : World News

Credit card firm Mastercard is the focus of a European Commission probe into inter-bank fees.

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Costar Technologies, Inc. (CSTI: OTC Pink Limited) | Costar Technologies, Inc. Announces New Credit Facility

Category : World News

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Warning of pensions cash ‘predators’

Category : World News

Consumers are being warned against “predators” who entice them to cash in their pension fund before retirement, but charge high fees.

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TV fees boost Time Warner profits

Category : Business

Profits at US media and entertainment giant Time Warner are plumped up by rising TV subscription fees, as its magazine and film businesses lag.

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Higher or Lower-Fees Hold Key to Playing Your Credit Cards Right

Category : Stocks

LONDON, UNITED KINGDOM–(Marketwire – Feb. 6, 2013) - More people looking for balance transfer credit card deals would prefer shorter term zero interest offers to longer term deals with higher fees, according to new research for Nationwide Building Society1.

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Smaller medical-device makers such as Cardica (CRDC) are tacking surcharges on to their products or warning of price increases to cover a 2.3% sales tax that came into force on Jan. 1 as part of Obamacare. Larger manufacturers like Medtronic (MDT)…

Category : World News

Smaller medical-device makers such as Cardica (CRDC) are tacking surcharges on to their products or warning of price increases to cover a 2.3% sales tax that came into force on Jan. 1 as part of Obamacare. Larger manufacturers like Medtronic (MDT) and GE Healthcare (GE) haven’t explicitly added extra fees but are expected to bake them into contract renewals.
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Read this article: Smaller medical-device makers such as Cardica (CRDC) are tacking surcharges on to their products or warning of price increases to cover a 2.3% sales tax that came into force on Jan. 1 as part of Obamacare. Larger manufacturers like Medtronic (MDT)…

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Coalition guilty of ‘astonishing omission’ in audit, says Labour

Category : Business

Ministers publish report saying UK is on course to meet fiscal mandate but does not mention failure on debt-to-GDP ratio vow

The coalition has declared that it is on course to meet its central economic pledge after omitting a “supplementary” element of the government’s fiscal mandate from an audit of its achievements.

Labour said the government was guilty of an “astonishing” omission after failing to mention George Osborne’s pledge in his emergency budget of 2010 to ensure debt is falling as a share of GDP by 2015-16.

The lengthy audit – described by David Cameron as full, frank and “completely unvarnished” – was panned by Peter Riddell, the director of the non-party Institute for Government, who called the section on university tuition fees “completely misleading”.

In an interview with Channel 4 News, Riddell said the audit had not mentioned that university tuition fees had been trebled to £9,000. The audit said a “new funding regime” had been agreed and institutions wishing to charge more than £6,000 in fees would have to sign an annual access agreement to ensure that students from modest backgrounds are helped.

“There is no reference to what actually happened, which is the £9,000,” Riddell said. “So what is said there is defensible in the narrowest of narrow terms. But it is completely misleading about what happened.”

Downing Street dismissed the criticisms, on the grounds that the audit was simply marking the coalition agreement, which was published in May 2010. This said nothing about the £9,000 ceiling on university tuition fees, agreed in late 2010, and nothing about the fiscal mandate outlined in Osborne’s emergency budget.

But Labour was scathing about the coalition’s claim that it was meeting its fiscal mandate. A party source said: “It’s astonishing that this so-called audit refuses to acknowledge the government’s failures on the economy. The audit claims the government is meeting its fiscal mandate, but only last month George Osborne was forced to announce that he would break his pledge to start getting the debt down by 2015.

“And as for the broken promise to secure economic recovery, this audit does not mention any growth figures from the last two-and-a-half years let alone the double-dip recession. David Cameron and George Osborne are in denial that their failing policies have led to broken promises on the economy. And the price for this failure is being paid for by millions of working people who will be made worse off while millionaires get a tax cut.”

The audit makes its claim about the deficit on the basis of the judgment by the Office for Budget Responsibility last month that the government was “on course to meet our fiscal mandate”.

The OBR said last month’s autumn statement that the government was “more likely than not to meet the mandate” – the elimination of the structural budget deficit.

But in his autumn statement on 5 December the chancellor admitted that the OBR had also said in its assessment that he would fail to meet the “supplementary” element of the fiscal mandate – that debt should be falling as a proportion of GDP by 2015-16. This did not technically count as failing to meet the fiscal mandate because the debt target was defined as a “supplementary” element.

Osborne told MPs: “We will meet our fiscal mandate. But the OBR assess in their central forecast that we do not meet the supplementary objective that aims to have debt falling by 2015-16. The point at which debt starts to fall has been delayed by one year, to 2016-17.”

The 119-page audit published on the Cabinet Office website says Osborne is on course to meet his deficit reduction target – the elimination of the structural budget deficit through spending cuts and tax rises. This is because it is assessed on a rolling, forward-looking five-year basis in which no definitive judgment needs to be made.

But in his emergency budget in June 2010, the chancellor he said he would achieve this by 2015-16 and that he even hoped to do so a year earlier. He said: “The formal mandate we set is that the structural current deficit should be in balance in the final year of the five-year forecast period, which is 2015-16 in this budget

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Sunridge Energy Ltd.-Announces Closing of Private Placement

Category : Stocks, World News

CALGARY, ALBERTA–(Marketwire – Dec. 31, 2012) - Sunridge Energy Corp. (TSX VENTURE:SRG) (“Sunridge” or the “Corporation”) announces closing of the first tranche of its previously announced private placement. The Corporation issued an aggregate of 1,472,000 common shares for gross proceeds of $342,780. 1,001,000 common shares were issued on a flow-though basis at a price of $0.15 per share, and the balance of 471,000 shares were issued as ordinary common shares at a price of $0.13 per share. The Corporation paid commissions and finders’ fees totaling $23,273 and issued broker warrants entitling the holders to acquire an aggregate of 41,626 common shares at a price of $0.13 per share, for a period of one year.

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