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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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Downbeat UPS Sees 1% Second-Half GDP Growth

Category : Stocks

ATLANTA (TheStreet) — UPS on Tuesday offered an unusually glum outlook for the world economy, as CEO Scott Davis proclaimed “our customers are increasingly nervous” and said second-half domestic gross domestic product growth would be around 1%.

UPS’ results are considered to be a key indicator of the global economy because, at any given moment, the company has 6% of the U.S. GDP and 2% of the world’s GDP in its system. It reported Tuesday that it missed analysts’ earnings and revenue estimates and it cut full-year guidance.

“Economies around the world are weakening and our customers are increasingly nervous,” said Davis, on the second-quarter earnings conference call Tuesday morning. “Current second-half economic forecasts for the U.S. are too high — GDP growth will likely be closer to 1%.” …

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Cramer’s ‘Mad Money’ Recap: Don’t Give Up on the Market

Category : Business

Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.

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See the article here: Cramer’s ‘Mad Money’ Recap: Don’t Give Up on the Market

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Cramer’s ‘Mad Money’ Recap: Next Week’s Game Plan

Category : Business, Stocks

Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.

This piece has been updated and revised from its original publication.

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Cramer: Expect A Tough Earnings Season

Category : Business

Jim Cramer says he is concerned that earnings from the industrial, financial, energy, and tech sectors will probably be weak.

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Stocks Hit 52-Week Highs: Altria, Lumber Liquidators

Category : Business, Stocks

NEW YORK (TheStreet) — These stocks reached 52-week highs on Tuesday: Lumber Liquidators, Altria, Skechers and Arena Pharmaceuticals.

Lumber Liquidators

Shares of Lumber Liquidators hit a 52-week high on Tuesday of $30.81. The stock’s 52-week low of $13.43 was set on Sept. 6. …

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Excerpt from: Stocks Hit 52-Week Highs: Altria, Lumber Liquidators

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CAT Partners With Westport for Nat Gas Engines

Category : Business

NEW YORK (Trefis) — Caterpillar has signed an agreement with Westport, a global leader in natural gas-powered engines, to co-develop natural gas technology for Caterpillar’s engines. The company will incur R&D costs under the agreement and the commercial production is expected to start within the next five years.

Caterpillar competes with other global industrial equipment and engine manufacturers such as CNH Global NV, Komatsu (KMTUY: PK) and Volvo AB (VOLVY: PK).

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AMR Combats Merger With Improved Revenue

Category : Business, Stocks

DALLAS (TheStreet) — Once again, bankrupt American is outpacing the airline industry in terms of unit revenue gains.

The carrier reported Friday that its passenger revenue per available seat mile in May rose 7.3%, the biggest gain among the five major carriers who have so far reported May PRASM. JetBlue , the sixth carrier that will report PRASM, is expected to trail American based on its guidance.

American’s May outperformance follows the industry’s second biggest gain in the first quarter and the biggest gain in April. American, battling a takeover bid by US Airways, has trumpeted its unit revenue gains in order to make the point that it can successfully compete on its own. …

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JPMorgan, Caterpillar, GE: Dow Movers

Category : Business, Stocks

NEW YORK (TheStreet) — U.S. stocks finished Monday mixed following a worse-than-anticipated drop in factory orders.

The Dow Jones Industrial Average fell 17 points, or 0.14%, to close at 12,101. The S&P 500 finished essentially flat at 1278 and the Nasdaq Composite rose 12 points, or 0.46%, to settle at 2760.

Breadth within the Dow was split. …

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Caterpillar, Exxon Mobil: Dow Movers

Category : Business, Stocks

NEW YORK (TheStreet) — Stocks finished down Thursday as a late-day rally proved unsustainable ahead tomorrow’s big May jobs report.

The Dow Jones Industrial Average fell 26 points, or 0.2%, to close at 12,393. The S&P 500 dropped 3 points to settle at 1310, while the Nasdaq lost 10 points to 2827.

Breadth within the blue-chip index was negative with 16 of the 30 components posting losses. …

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Cramer’s ‘Mad Money’ Recap: Don’t Panic, Look for Discounted Stocks

Category : Stocks

Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.

NEW YORK (TheStreet) — Don’t be paralyzed by fear, Jim Cramer told his “Mad Money” TV show viewers Thursday as he explored the root cause of something that has professional money managers “freaking out.” …

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Original post: Cramer’s ‘Mad Money’ Recap: Don’t Panic, Look for Discounted Stocks

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