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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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Water Technologies International,Inc. (WTII: OTC Pink Current) | Market Advisors, Inc. Issues Report on Water Technologies International, Inc.

Category : Stocks, World News

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Market Advisors, Inc. Issues Report on Water Technologies International, Inc.

PR Newswire

LINCOLN, Nebraska, May 7, 2013

LINCOLN, Nebraska, May 7, 2013 /PRNewswire/ –

Water Technologies International, Inc. (OTC: WTII) announces the release of a research report that has been issued by

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Economy key in Malaysia’s tightest poll

Category : World News

Economic issues hotly debated as Malaysia votes

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Twitter flash crash ‘is just noise’

Category : Business

Retail investors say they’re not worried about market structure issues following the so-called Twitter flash crash.

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Profit warning hits Mulberry shares

Category : Business, World News

Luxury goods maker Mulberry issues a profit warning for its full-year to March, sending its shares down 16%.

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The Fig Tree Foundation is Hosting the "As We See It" Photo Exhibit to Showcase Photography of Issues, People and Communities in the Developing World and Images and Stories from…

Category : Stocks, World News

…International Development and Aid Organizations

The “As We See It” Photo Exhibit is an event to visually engage the public through photography and through stories that highlight and encourage discussion of issues happening in the developing world. This is a free public exhibit held April 4 – 28, 2013.

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Protests as EU debates austerity

Category : World News

The issues of jobs and growth dominate an EU summit in Brussels, as thousands of protesters demonstrate against tough austerity measures.

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India optimistic on economic outlook

Category : Business

India’s finance ministry issues an optimistic forecast for economic growth ahead of the announcement of the country’s budget on Thursday.

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BCG Marks 50th Anniversary With Program to Explore ‘Game Changing’ Ways to Transform Business and Society

Category : World News

The Boston Consulting Group Identifies Five Key Issues for Transforming the Fortunes of Business and Society in an Age of Accelerating Change, Growing Complexity, and Heightened Competition

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JPMorgan (JPM) Chief Risk Officer John Hogan, who took up the post three months before the $6.2B London Whaling loss was disclosed, has gone on temporary leave until the summer for what are apparently personal reasons. An internal report into the…

Category : Stocks, World News

JPMorgan (JPM) Chief Risk Officer John Hogan, who took up the post three months before the $6.2B London Whaling loss was disclosed, has gone on temporary leave until the summer for what are apparently personal reasons. An internal report into the loss said Hogan “did not have sufficient time to ensure that the CIO risk organization was operating as it should.” However, there were opportunities during H1 2012 “when further inquiry might have uncovered issues earlier.” Post your comment!

Read the original post: JPMorgan (JPM) Chief Risk Officer John Hogan, who took up the post three months before the $6.2B London Whaling loss was disclosed, has gone on temporary leave until the summer for what are apparently personal reasons. An internal report into the…

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Boeing faces lengthy Dreamliner delay, former US transport chief warns

Category : Business

Mary Schiavo says quick fix looks unlikely as regulators appear split on what caused battery defects in Dreamliner 787s

Boeing could face months of delays before its Dreamliner 787 can get back in service, according to the former head of the US Department of Transport.

Mary Schiavo, the former DoT inspector general, said it looked increasingly unlikely that a quick fix will be found to the battery issues that have led to the global grounding of Boeing’s hi-tech aircraft.

“It looks like an unfortunate situation for Boeing. It looks like there is not going to be a quick solution, and that we are not looking at days of grounding but possibly months,” she said.

“So far, at least, it appears not to have been a bad batch of batteries, which would have been the best of all possible worlds for Boeing,” she said.

Regulators investigating the battery fires in two Boeing 787 Dreamliners appear to be split on what caused the malfunctions that have led to the biggest airline grounding in 40 years.

The news is likely to complicate Boeing’s attempts to get regulators to re-approve the troubled aircraft for flight after a global grounding of the 787.

On Sunday, US regulators said the battery that caught fire on a JAL Dreamliner on the runway at Boston airport earlier this month “did not exceed its designed voltage of 32 volts”. On Tuesday, they will meet with officials at Securaplane Technologies, the manufacturer of the charger for the 787s lithium ion batteries, at the company’s headquarters in Tucson, Arizona.

The statement from the National Transportation Safety Board (NTSFB) comes after Japanese investigators looking into a battery fire on another 787 indicated it may have overcharged. That flight was forced to make an emergency landing last week after a computer screen warned there was smoke inside one of the electrical compartments.

Schiavo said the fact that one plane was on the ground while the other was in flight suggested that the malfunctions may have been caused by different issues. “It is still possible that it is a manufacturing defect,” she said. “But with two of them happening that looks less and less likely.”

Different faults would require different solutions and would means that Boeing would need to track down two different problems and find two different solutions before seeking approval to fly the planes again from the Federal Aviation Authority.

The battery taken from the plane grounded at Boston’s Logan International airport was examined at the NTSB Materials Laboratory in Washington. Investigators have also examined several other components removed from the airplane, including wire bundles and battery management circuit boards.

Both batteries appeared charred in photographs. Japanese officials found that a flammable fluid known as electrolyte had leaked from the plane’s main lithium-ion battery beneath the cockpit. Japan transport-ministry investigator Hideyo Kosugi said the state of the battery indicated “voltage exceeding the design limit was applied”. Aviation experts have said that over-charging could have led to the fire.

GS Yuasa, the batteries’ manufacturer, is helping with the investigation but said last week that the cause of the problem was unclear. Lithium-ion batteries are notorious for overheating and have caused major issues for auto, computer and cell phone manufacturers. The Dreamliner is the first commercial airliner to use them so extensively.

Boeing has orders for 850 787s. The 50 in service have now been grounded and a moratorium on all new deliveries has been imposed.
John Goglia, a former NTSFB board member and professor of aviation science at Saint Louis University’s Parks College of Engineering, said it was unclear yet what had gone wrong with the battery. “Voltage is only part of the problem,” he said. Investigators will be trying to determine whether the issues occurred as the battery charged up or if problems occurred as it discharged, he said.

“With lithium-ion batteries everything evolves from a thermal event, they can not be overheated,” he said.

“If we don’t get identify the problem in a short period of time then this is really going to be a problem for Boeing,” said Goglia.

In 2011 the FAA ordered Cessna to pull all the lithium-ion batteries from its Citation CJ4 jets after a battery fire. They were replaced with conventional batteries.

Schiavo said: “They made the switch but they don’t need as much power as the 787 does. At this point it looks unfortunate for Boeing.”