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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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Nordic American Tankers Limited (NYSE: NAT) — Declaration of Dividend for the 63rd Consecutive Quarter

Category : Stocks

HAMILTON, BERMUDA–(Marketwired – Apr 16, 2013) – Nordic American Tankers Ltd. (NYSE: NAT) (the “Company”) today announced that its Board of Directors has declared a dividend of $0.16 for the first quarter of 2013, the same as for the 4th quarter of 2012. The level of the declared dividend should be seen in the context of planned fleet expansion. Expansion is essentially the same as investing in the future. However, also yield is a priority as demonstrated by this payment of dividend for the 63rd consecutive quarter since the autumn of 1997.

Read the original here: Nordic American Tankers Limited (NYSE: NAT) — Declaration of Dividend for the 63rd Consecutive Quarter

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Ryanair in new expansion drive

Category : Business

Ryanair is planning to increase its aircraft fleet by a third to 400 planes after ordering 175 planes from Boeing.

Continued here: Ryanair in new expansion drive

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SolarWinds’ Galactic Throwdown Claims Its First Fallen; Champions to Take Up Arms for Fleet 16

Category : Stocks, World News

SolarWinds’ Sci-Fi Bracket Battle Continues With Fleet 16 Second Round Match-Ups at thwack.com

See the rest here: SolarWinds’ Galactic Throwdown Claims Its First Fallen; Champions to Take Up Arms for Fleet 16

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NetJets(R)’ First Bombardier Global 6000 Jet Unveiled at NBAA 2012

Category : World News

First NetJets Global Signature Series aircraft about to join their fleet

More here: NetJets(R)’ First Bombardier Global 6000 Jet Unveiled at NBAA 2012

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Indian airline extends shutdown

Category : Business

India’s cash-strapped Kingfisher airline grounds its fleet for a further week as talks with workers protesting against months of unpaid wages fail.

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Cathay Pacific blames fuel costs for £77m half-year loss

Category : Business

Hong Kong airline says global economic slump and euzozone crisis also hitting passenger numbers and air cargo demand

Cathay Pacific Airways fell into the red in the first half of the year because of persistently high fuel prices, the global economic slump and weak air cargo demand, the company has said.

Hong Kong’s biggest airline, which blames jet fuel prices for significantly affecting profitability, is fighting back by upgrading its fleet, confirming that it has added 10 more Airbus A350 jets to a previous order and is converting 16 others into larger models.

The company said Europe’s economic instability was having a big effect on its passenger and cargo services, while revenue from many other international routes was also under pressure because of increased competition.

The Asian carrier is the latest in a string of global airline companies to report poor results.

“Cathay Pacific’s core business was significantly affected by the persistently high price of jet fuel, passenger yields coming under pressure and weak air cargo demand,” its chairman, Cristopher Pratt, said. “These factors are common to the aviation industry as a whole. Airlines around the world are being adversely affected by the current business environment.”

Cathay posted a loss of HK$935m (£77m) or 23.8 Hong Kong cents a share for the first six months of 2012. That was down from a profit of HK$2.8bn, or 71.4 cents a share, last year.

Revenue for the period rose by 4.4% to HK$48.4bn.

The airline had warned in May that first half results would be disappointing and that it would respond to the challenges by freezing staff numbers and allowing cabin crew to take unpaid leave.

Cathay is also modernising its fleet by replacing older, fuel-thirsty jets with newer, more efficient ones. It confirmed plans announced in July to upgrade an existing Airbus order for 30 aircraft, adding 10 Airbus A350-1000 jets worth $3.3bn (£2.1bn) to the deal. It is also converting 16 other jets that were part of the original order to larger A350-1000 models, adding £706m to the list price.

The airline said, however, that it was paying less than the list price because it was getting a significant discount from Airbus. It is common practice for manufacturers to give airlines discounts, and the final selling price for aircraft is rarely disclosed.

ExcelAire Expands Fleet: Adds Three Private Jets

Category : Stocks

RONKONKOMA, NY–(Marketwire – Jul 30, 2012) – Continuing its fleet expansion, ExcelAire today announced the addition of three private jets, including a Cessna Citation Sovereign, Learjet 60 and a Gulfstream GIII. ExcelAire is one of the nation’s leading private jet charter and aircraft management companies.

View post: ExcelAire Expands Fleet: Adds Three Private Jets

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Universal Tracking Solutions, Inc. (UTRK: OTC Link) | Universal Tracking Solutions, Inc. Announces Record First Quarter Results of 2012

Category : Stocks, World News

Sales Increase 170%from year ago period

Phoenix, Arizona Universal Tracking Solutions (OTC: UTRK),a fleet management GPS information and tracking provider, today announced financial results for the quarter ended March 31, 2012.

The company announced record sales results for its fiscal2012 first quarter ending March 31st, 2012.

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MSDF ships flirted with ‘collective defense’ ban at RIMPAC 2010 shooting practice

Category : World News

Two Japanese destroyers joined U.S. and Australian warships in shelling and sinking an amphibious assault ship in July 2010 as part of a large multilateral naval exercise off Hawaii, it was learned Sunday.
Six vessels fired at the 19,000-ton USS New Orleans during a sinking exercise that was carried out as part of the broader biennial Rim of the Pacific (RIMPAC) fleet exercise, one of the largest international maritime exercises in the Pacific.

More: MSDF ships flirted with ‘collective defense’ ban at RIMPAC 2010 shooting practice

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MSC Divina: Med with Passion

Category : Stocks

Starry-Eyed Guests in Marseille Celebrate Latest Jewel in the MSC Fleet

Original post: MSC Divina: Med with Passion

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