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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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Brazil judge suspends stadium deal

Category : World News

A judge suspends a deal giving control of Brazil’s biggest stadium to a private consortium, saying there were irregularities in the bidding process.

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Alexander & James Helps Spirit Enthusiasts Bring the Luxury Bar Experience to Their Home

Category : Stocks

LONDON, UNITED KINGDOM–(Marketwired – May 7, 2013) - Premium spirit expert Alexander & James is giving its customers the opportunity to recreate their own luxury bar without leaving the house.

Read the original here: Alexander & James Helps Spirit Enthusiasts Bring the Luxury Bar Experience to Their Home

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Queen’s speech: consumer bill of rights to cover faulty apps or downloads

Category : Business

Business ministers want to consolidate consumer rights and extend them to non-traditional internet or online purchases

Consumer rights covering products such as cars and white goods are to be extended to apps and music downloads in a consumer bill of rights to be unveiled in the Queen’s speech on Wednesday.

Jo Swinson, the consumer minister, said the government would update the law to make it “fit for the 21st century” by ensuring consumers can secure refunds or replacements if web-based products fail.

The Department for Business, Innovation and Skills estimates that the changes could save up to £4bn over 10 years by consolidating consumer rights in one place. These are currently split between eight pieces of legislation while powers giving trading standards officers the ability to investigate breaches of consumer law are spread across 60 pieces of legislation.

The changes will lead to:

• An updating of the law to give greater protection to consumers who download films, music and games – a £1bn industry. The bill will make clear that a consumer must receive a refund if an online game freezes or if a film stream is unwatchable even if the broadband connection is fine.

• New protections for consumers making it easier to apply for compensation for breaches of competition law and new powers for trading standards officers to seek court orders requiring compensation to be paid.

Swinson said: “Stronger consumer protection and clearer consumer rights will help create a fairer and stronger marketplace. We are fully aware that this area of law over the years has become unnecessarily complicated and too confusing, with many people not sure where to turn if they have a problem. We are hoping to bring in a number of changes to improve consumer confidence and make sure the law is fit for the 21st century.”

Richard Lloyd, executive director of the consumer rights organisation Which?, said: “A consumer bill of rights is a welcome step towards ensuring that we have consumer laws fit for the 21st century. This bill is about making it easier for people to understand their rights and giving consumers power to challenge bad practice. It should also mean that both consumers and regulators have the tools they need to challenge unscrupulous businesses that breach the law.

“There are many welcome proposals in this bill, including extending the power of collective redress in competition cases and reforming the law on unfair terms and conditions. We urge the government to go further and to extend civil remedy powers to allow private enforcement bodies, like Which?, to take action against rogue companies and force them to put things right for consumers.”

US car sales drive to six-year high

Category : World News

US vehicle makers reported double-digit sales growth for April, giving the industry its best month in six years.

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Bonuses cut at Nasdaq following Facebook debacle

Category : Business

Nasdaq is giving chief executive Robert Greifeld a smaller bonus this year, a decision the company says is directly linked to the bungled Facebook IPO.

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95 Babies Could Be Saved Every Hour If Mothers Breastfed in ‘power hour’ After Birth-Save the Children

Category : Stocks

TORONTO, ONTARIO–(Marketwire – Feb. 17, 2013) - The lives of 95 babies could be saved every hour – 830,000 a year – if new mothers around the world breastfed immediately after giving birth, Save the Children said today.

Read more: 95 Babies Could Be Saved Every Hour If Mothers Breastfed in ‘power hour’ After Birth-Save the Children

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Hollywood heads to the south-east US

Category : World News

Why Atlanta is giving Hollywood the shivers

Originally posted here: Hollywood heads to the south-east US

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Santander faces fines over advice

Category : World News

One of the UK’s biggest banks, Santander, may be fined for breaching the City regulator’s rules on giving investment advice to customers.

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India inflation at three-year low

Category : Business, World News

India’s inflation rate dips to a three-year low, giving more room to policymakers to take steps to revive the country’s sluggish economy.

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SA tycoon donates half his wealth

Category : World News

South Africa’s richest black man, mining magnate Patrice Motsepe, announces he is giving away half his wealth to improve the lives of the poor.

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