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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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Boeing starts Dreamliner battery fix

Category : Business, World News

Boeing starts replacing batteries on some of its grounded 787 Dreamliner fleet, moving a step closer to getting the planes flying again.

Read the rest here: Boeing starts Dreamliner battery fix

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US joins Dreamliner Japan probe

Category : World News

US safety officials join an investigation into the Boeing’s 787 Dreamliner plane, which has been suspended from flying due to concerns about its batteries.

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Boeing halts Dreamliner deliveries

Category : Business, World News

Boeing halts deliveries of its new 787 Dreamliner – which has been suspended from flying due to concerns about its batteries – until the problem is resolved.

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In praise of … the horse | Editorial

Category : Business

Since prehistory, Britons have loved the animal – a reflection of our national capacity to romanticise symbols of privilege

The soft eye gleams with apparent intelligence. The skin is smooth and warm, the legs long and slender. These are observations that could quite well be made of a cow (well, maybe not the legs bit). But of all the animals exploited by man, it is the horse that bears such a weight of anthropomorphic fantasy that despite its nutritional worth, it is ruled out as a possible Sunday joint. Or, indeed, a burger. In this, Britons are almost alone. Although horsemeat is not kosher (no cloven feet) and was once banned by a medieval pope concerned to eradicate pagan traditions among the Germans, most of the rest of the world is relaxed about putting it on the menu. Yet since prehistoric tribes carved them flying across the chalk landscape, Britons have loved horses – a reflection of the curious national capacity to romanticise symbols of power and privilege. Tesco will pay a high price for blundering with that mix of Ferrari macho

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Kingfisher loses licence to fly

Category : World News

India’s debt-ridden Kingfisher Airlines loses its flying permit after a deadline to renew its suspended licence expires, the aviation regulator says.

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EU suspends plane emissions rules

Category : Business

The European Union agrees to suspend changes to rules that require airlines flying to and from airports in the EU to pay for their carbon emissions.

Read the rest here: EU suspends plane emissions rules

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Airport inquiry head explains aim

Category : Business, World News

The head of the coalition’s aviation review says he aims to give the next government a “flying start” with airport expansion after the 2015 general election.

See the article here: Airport inquiry head explains aim

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American Airlines accuses pilots of sabotaging ailing company’s flights

Category : Business

As airline relies on negotiating concessions from employees, departures are delayed and maintenance requests are up

Delays, lost luggage and confusing information are the unfortunate trademark of modern air travel, but American Airlines has reached a new record in airline disservice in the past month in what seems to be an intentional move by employees.

Back in November, American Airlines filed for bankruptcy after losing $10bn in a 10-year period. Its money-saving bankruptcy restructuring plan relies heavily on negotiating further concessions from flight attendants, maintenance workers and pilots.

Those pilots have become increasingly frustrated with American Airlines management and has been in and out of contract negotiations with the company. The day after pilots learned a judge had thrown out their contact, the amount of on-time flights dropped from 77.9% to 46.5%.

On his aviation blog, Dallas Morning News’ Terry Maxon suggested that some pilots may be intent on sabotaging the airline. An an unidentified American Airlines pilot said on Maxon’s blog that AA pilots were filing maintenance reports for minor faults that would otherwise have been left until the plane was in a more convenient location for repair. The pilot wrote:

If you ran your car like American Airlines has been running for the last two weeks, if your car was leaking oil on the drive, write it up. Windshield wipers streaking, write it up. Shocks squeaking, write it up. Car pulls slightly to the left, write it up. Your wife would be thrilled … until the bill came in.

The pilots’ union has said it is not organizing intentional service disruptions, but American Airlines believes otherwise. On Wednesday, senior vice-president of people Denise Lynn sent an email to the APA that said:

I am writing to express my concern about mounting evidence that certain pilots are engaging in an unlawful, concerted effort to damage the Company. This unlawful conduct is taking the form of discretionary pilot actions including such things as delaying departures for unnecessary checks, increased and late-filed maintenance write-ups, increased block times due to slow taxiing, and circuitous routings. This behavior has been accompanied by statements from pilots indicating that the activity is intended to ‘send a message’ to the Company to express displeasure with AMR management, the Court’s Section 1113 decision and the absence of a new consensual agreement with the Company.

On Monday, a report in the New York Post detailed how a loose row of seats on a Miami bound flight caused an emergency landing at the city’s Kennedy airport. The request for a diversion wasn’t directly linked to the alleged sabotage action, but an APA spokesman was quick to respond to the incident.

“With turbulence, you have to be cautious. That’s why everyone has to stow everything under the seat to prevent loose objects from flying around the cabin – and you’ve got a whole row of seats unbolted,” a spokesman for the Allied Pilots Association told the Post. “It’s a head-scratcher, the first time I’ve heard of it in 24 years with American.”

All of which has led to commentators giving some sharp advice to the airline:

You, American Airlines, should no longer be flying across the Atlantic. You do not have the know-how. You do not have the equipment. And your employees have clearly lost interest in the endeavor. Like the country whose name graces the hulls of your flying ships, you are exhausted and shorn of purpose. You need to stop.

And to passengers:

You seriously have to stop traveling on American Airlines. Seriously. If you’re booking some travel somewhere, book it somewhere else. If your company has some relationship with American that gives them a strong preference for you to fly with American, still book it somewhere else.

Spain downgraded by upstart credit rater

Category : Business, Stocks

In case you missed the many red flags flying over Spain, Egan-Jones is here to let you know that the nation has some problems.

See the rest here: Spain downgraded by upstart credit rater

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With Motorola Mobility now under Google’s (GOOG) control, Microsoft (MSFT) is reportedly hoping a settlement can be reached over the companies’ bitter patent dispute, which has resulted in Android and Xbox injunctions (I, II) flying left and right. A…

Category : Stocks

With Motorola Mobility now under Google’s (GOOG) control, Microsoft (MSFT) is reportedly hoping a settlement can be reached over the companies’ bitter patent dispute, which has resulted in Android and Xbox injunctions (I, II) flying left and right. A source claims Microsoft and Motorola were close to a deal last summer, but it’s added both sides are now further apart. Google wants an even cross-licensing deal, while Microsoft wants a favorable balance of revenue. 1 comment!

View original post here: With Motorola Mobility now under Google’s (GOOG) control, Microsoft (MSFT) is reportedly hoping a settlement can be reached over the companies’ bitter patent dispute, which has resulted in Android and Xbox injunctions (I, II) flying left and right. A…

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