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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to 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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Business lobby group backs EU change

Category : Business

Hundreds of business leaders have formed a new lobby group Business for Britain to press the government to renegotiate the UK’s deal with Brussels.

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Europe unites in austerity protests against cuts and job losses

Category : Business

Millions take part in strikes, stoppages and marches on day of co-ordinated action as eurozone teeters on return to recession

Hundreds of thousands of Europeans mounted one of the biggest coordinated anti-austerity protests across the continent on Wednesday, marching against German-orchestrated cuts as the eurozone is poised to move back into recession.

Millions took part in Europe-wide strikes, and in city after city along the continent’s debt-encrusted Mediterranean rim, thousands marched and scores were arrested after clashes with police.

There were banners declaring “Austerity kills,” Occupy masks, flares, improvised loudspeakers and cancelled flights. But there was also a violent, even desperate edge to the demonstrations, particularly in Madrid and several Italian cities. In the Spanish capital, police fired rubber bullets to subdue the crowd; in Pisa, protesters occupied the Leaning Tower, and in Sicily cars were burned.

“There is a social emergency in the south,” said Bernadette Ségol, the secretary general of the European Trade Union Confederation. “All recognise that the policies carried out now are unfair and not working.”

Swingeing austerity in Greece, Italy, Spain and Portugal has sent unemployment soaring – there are now more than 25 million unemployed Europeans, and about one in every eight people in the eurozone is jobless. Figures to be released on Thursday are expected to show that the eurozone has tipped back into recession.

Across northern Europe, protesters turned out more in sympathy than in anger. Several thousand gathered at the Brandenburg Gate in Berlin, and there were stoppages and marches in Belgium and France. But it was southern Europe that bore the brunt.

In Italy, students were in the front line in noisy and often violent anti-austerity marches. In Naples and Brescia, protesters occupied railway tracks; in Genoa, the entrance to the ferry port was blocked. In Turin, a police officer was hit with a baseball bat. Trento, Trieste and Palermo also saw protests. In Padua, two police officers were injured in clashes, and 10,000 people marched in Bologna. There were clashes in Milan, and in Venice protesters draped a bank with banners reading: “You are making money out of our debts”. In Rome, where there were four separate marches, traffic was brought to a standstill following clashes on the banks of the Tiber after far-right students tried to get round a police line to reach parliament.

In Spain, police helicopters began flying low over central Madrid as soon as the strike started at midnight and stayed there all day. Riot police out in force in the emblematic Puerta del Sol square, where protesters have gathered for centuries, but particularly since the “indignant” movement sprang up 18 months ago.

Many shops and banks in central Madrid closed for the day, or put up security shutters, and police formed a cordon around the offices of the governing People’s party, and several department stores. Public transport and state radio services were patchy as workers heeded the strike call. Long queues formed at bus stops and the radio relied on recorded fillers. The afternoon news on Spain’s RTVE channel was interrupted by protesters waving banners in front of outside broadcast cameras.

Traffic jams formed in the evening as noisy demonstrators filled Madrid’s main artery, the Castellana, toting banners protesting at budget cuts and backing public services. Many of them chanted “Public health has to be defended, not sold off”.

In Athens, the turnout was thinner than usual, perhaps because of last week’s two-day strike. Protesters described a country running out of reserves. Many have survived three years of recession and austerity by relying on family support or handouts. “But when that dries up, and it will with these latest measures, there will be no reason not to descend en masse on to the streets,” said Kostas Kapetanakis, a young sociologist holding a banner in Syntagma Square demanding free education, health and welfare system. “There will be a revolt because we will have absolutely nothing to lose.”

Nikos Bokaris, the president of the national foresters’ association standing with other civil servants outside parliament, feared Greece was being pushed towards a huge explosion.

“Civil servants feel they have been very unfairly singled out,” he said. “I am very afraid that the country is heading for a massive social upheaval with huge consequences for public safety and order. All it will take is a spark.”

Nobel moves by the EU

The European Union will spend the $1.2m (£760,000) Nobel peace prize on projects helping children in conflict zones. The EU won the prize for its efforts to keep the peace on a continent long riven by fighting. The European commission on Wednesday agreed to administer the prize money on behalf of the EU. The commission’s president, José Manuel Barroso, said that because the award represents reconciliation, the funds “should benefit the first hope for the future, but also the first victims of present and past conflicts: children.”

The prize, which includes a medal and certificate, will be awarded at a ceremony in Oslo on 10 December.

Transocean Ltd. Announces Definitive Agreements to Sell 38 Shallow Water Drilling Rigs to Shelf Drilling

Category : World News

ZUG, SWITZERLAND–(Marketwire – Sep 10, 2012) – Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that the company has reached definitive agreements to sell 38 shallow water drilling rigs to Shelf Drilling International Holdings, Ltd. (“Shelf Drilling”) for approximately $1.05 billion. The list of rigs to be acquired by Shelf Drilling in the transactions is provided as Appendix A. Shelf Drilling is a newly formed company sponsored equally by Castle Harlan, Inc., CHAMP Private Equity and Lime Rock Partners.

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Eurozone unemployment rate at 11%

Category : Business, World News

Unemployment in the eurozone was 11% in April, unchanged from March, but still the highest since the bloc was formed, official figures show.

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Fiat and Mazda in car alliance

Category : World News

Carmakers Fiat and Mazda announce they have formed an alliance to develop two-seater sports cars.

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Scalper Has Tickets for One Direction on Sale Now

Category : Stocks, World News

LAS VEGAS, NV–(Marketwire – May 2, 2012) – One Direction is hot. The British-Irish boy band consisting of members Niall Horan, Zayn Malik, Liam Payne, Harry Styles and Louis Tomlinson signed to Simon Cowell’s record label Syco Records after being formed and placing third in the seventh series of “The X Factor.”

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Kass: Domed … and Doomed?

Category : Business

NEW YORK (Real Money) — Back last year I observed that the S&P 500 index was beginning to eerily resemble and track the formation of “Three Peaks and A Domed House” popularized by technical analyst George Lindsay. As the spring became summer last year, Lindsay’s pattern seemed to perfectly mimic the U.S. stock market — and it ultimately gave a great signal that the market declines in August and October were nearly perfect buying opportunities.

I have updated Lindsay’s “Three Peaks” regularly over the course of the past six months because many, like myself, were captivated by the strong fit.

Here is the most recent update; if the market cooperates, this setup indicates that an important market top has been formed. (There are many interpretations of this formation.)

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Aging pipes lurk under Nagoya

Category : World News

On Jan. 26, a sinkhole formed under the sidewalk running in front of the Mitsukoshi Sakae department store in Naka Ward, Nagoya.
The hole, measuring 3 meters across and 2 meters deep, formed when an aging sewer pipe running beneath the sidewalk caved in and the soil went into the pipe.

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Balboa Capital Launches Commercial Vehicle Vendor Finance Program

Category : Stocks

IRVINE, CA–(Marketwire – Feb 28, 2012) – Balboa Capital Corporation, a leading equipment financing company in the United States, announced the hiring of five experienced and accomplished employees for its newly formed Commercial Vehicle Vendor Financing Team.

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Canoe, a $200M interactive TV advertising JV formed in 2008 by the 6 largest U.S cable companies, appears to be falling apart: the company, which sought to serve ads that would give users the option to request additional info, is laying off 120…

Category : Stocks, World News

Canoe, a $200M interactive TV advertising JV formed in 2008 by the 6 largest U.S cable companies, appears to be falling apart: the company, which sought to serve ads that would give users the option to request additional info, is laying off 120 employees and re-focusing its efforts on creating a video-on-demand advertising platform. Post your comment!

Go here to read the rest: Canoe, a $200M interactive TV advertising JV formed in 2008 by the 6 largest U.S cable companies, appears to be falling apart: the company, which sought to serve ads that would give users the option to request additional info, is laying off 120…

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