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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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CleanPath Resources Corp. (CLNP: OTC Pink Current) | CleanPath Resources Corp Announces Preliminary Research Report on New Stem Cell Enhancement Product NutraLoad™

Category : Stocks, World News

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CleanPath Resources Corp Announces Preliminary Research Report on New Stem Cell Enhancement Product NutraLoad™

PR Newswire

PORT ST LUCIE, Fla., May 10, 2013

PORT ST LUCIE, Fla., May 10, 2013 /PRNewswire/ –

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Private equity: Kinder and gentler?

Category : Business, Stocks

Mitt Romney’s candidacy put his former profession in the spotlight. KKR’S Ken Mehlman is trying to make sure the industry doesn’t get burned.

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Leeds takeover deal close – Bates

Category : Business

The proposed takeover of Leeds United is approaching completion, according to current owner and chairman Ken Bates.

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Clarke has tax pledge ‘doubts’

Category : Business

The government may not implement a change in the tax status of married couples promised by the Tories, Cabinet minister Ken Clarke says.

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Ken Clarke given trade envoy role

Category : Business

Veteran minister Ken Clarke takes on a new role as the UK’s roving trade envoy, a month after after losing his role as justice secretary.

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Is it time to stop bashing bankers? | Ken Livingstone and Anthony Fry

Category : Business

Former London mayor Ken Livingstone and investment banker Anthony Fry discuss whether we need to stop blaming the banks in order to kickstart the economy

Banker bashing is still a national pastime following the financial crash and Libor-fixing scandal. But could we be approaching a time when we have to acknowledge that banks might be good for Britain? Former London mayor Ken Livingstone, who earlier this year quipped, “Hang a banker a week until the others improve”, takes on investment banker Anthony Fry. Aida Edemariam referees.

Anthony Fry: If you’re in my position, you have to start with some admissions. The majority of banks were extremely poorly managed. They completely failed to promote the right culture within their organisations. They failed to protect their corporate reputations. And those things contributed to the irresponsible behaviour of a minority of people. But when you think about the number of people who have been extremely hard-working, honourable, and doing a very good job, we run the risk of throwing the baby out with the bathwater.

Ken Livingstone: The majority of people who work for banks aren’t that well paid and had no role in the financial collapse. But the last 200 years of capitalism has been a cycle of banks taking terrible risks, catastrophic collapse, tight regulation, and 50 years on, seducing politicians to removing the controls. Let’s have a Glass–Steagall (the separation of investment and commercial banking, introduced under Roosevelt) for modern

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More on E*TRADE ([[ETFC]] +6%): The shake-up comes as the online brokerage has yet to regain its footing following the 2008 financial panic. On the CEO search committee is Citadel’s Ken Griffin who last year pushed hard for a board revamp and sale of…

Category : Stocks

More on E*TRADE (ETFC +6%): The shake-up comes as the online brokerage has yet to regain its footing following the 2008 financial panic. On the CEO search committee is Citadel’s Ken Griffin who last year pushed hard for a board revamp and sale of the company. Post your comment!

Go here to see the original: More on E*TRADE ([[ETFC]] +6%): The shake-up comes as the online brokerage has yet to regain its footing following the 2008 financial panic. On the CEO search committee is Citadel’s Ken Griffin who last year pushed hard for a board revamp and sale of…

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Simon Hoggart’s Week: Politicians’ nonverbal signals are a hard to report

Category : Business

Our politicians may have found a subtle way of making impossible to report comments, distorted facial expressions

✒A new trend, perhaps: a cunning form of off-the-record political shorthand. Chatting to Boris Johnson briefly, I mentioned an extremely well-known member of the cabinet. He gave me a very Borisovian gurn, to indicate disapproval, even contempt. But there’s nothing to write down, so it can’t be used, or proved if it were challenged.

David Cameron held his annual summer party for the hacks this week, and we asked if he was going to any Olympic events. “I might have to go to [an event] with [one particular world leader].” Again, the look of dislike was perfectly obvious but impossible to record – probably vital in the new Twitter world, where nothing is ever spoken in private.

✒The last word, I think, on Ken Dodd. Last week I mentioned the fact that the story – chap visits another chap and remarks on a picture of Ken Dodd on his desk, which turns out to be the second chap’s wife – had actually happened to Prof Bill Jones of Liverpool.

Guido Casale writes and says that he heard the same tale about 40 years ago, though not about Prof Jones. He thinks it’s an urban legend, like the granny on the roof rack. The widow of Prof Jones’s colleague says she has no recollection of the event – though I’m not surprised: what loving husband would tell their wife she’d been mistaken for Ken Dodd?

My theory is that there are two types of urban myth. There are those that never happened and could never happen, such as the vanishing hitchhiker (man gives a lift to young woman and delivers her home. Next day he finds her pullover. So he takes it back to the house, where her parents tell him that their daughter was killed by a car, a year ago, at the spot where he picked her up).

Then there are those that might well have occurred. The story is good enough to be passed around, but it changes every time, so entirely different versions are being told in Penzance and Thurso. When I worked on a book about paranormal beliefs, I often found it helpful to strip stories down to their essentials. “Man mistakes picture of middle-aged woman for middle-aged man” is not particularly surprising.

Likewise this: the other day I was waiting at the bus stop outside the care home where my parents live. There was a man there who looked similar to my old colleague Rupert Cornwell (he’s the half-brother of John le Carré), whom I’d known in parliament and in the US, where he lives with his American wife. I did a sort of “that bloke looks awfully like Rupert” puzzled frown, and could see him thinking: “He looks just like Simon Hoggart, only with less hair.” Of course it was him, and we were astounded by the coincidence. Arthur Koestler would have been thrilled beyond reason. But say: “Two men from the London area have elderly parents in the same London care home,” and it isn’t startling at all.

✒We went to see “the” Olympic torch – one of hundreds – go through our local streets this week. It was a festival of sponsorship. First there was an eccentric chap on a bike, decorated like a Heath Robinson contraption, followed by five police motorbikes, possibly in case a terrorist in the five-deep crowd decided that the whimsical machine offended their religion. Then the buses: Coca-Cola, Lloyds Bank and Samsung, the last filled with gyrating women as if in a Bangkok bar. Dozens more policemen, ambulances, and random cyclists, then near the end a little girl running with the torch, and looking tired out, poor thing.

Given that the biggest sponsors of all have been the British taxpayers, I waited for our sponsorship bus, filled with nubile dancing lovelies, but in vain. And if Coca-Cola can ban Pepsi and Visa can bar MasterCard, presumably we might stop foreigners from buying tickets. But I gather it doesn’t work like that.

✒Hungry and in a hurry, I went into a McDonalds, a multimillion- pound Olympic sponsor, for the first time in many years this week. I had a cheeseburger with fries. The fries were quite nice, as I remembered. But the cheeseburger was, simply, vile. A slimy patty of rendered meat substance topped with a slimy, lurid orange covering of processed dairy-style product. And the bun tasted like mashed up Kleenex. It made even Burger King and KFC seem like a gourmet experience. Still, I know now – never again.

✒We bought a car this week, a second-hand Skoda. The brand used to be a joke but now tops most of those tables for owner-satisfaction and so on. If they get rid of the horrible badge, apparently showing a cockerel being strangled, we could even flaunt it. We went to two showrooms. At one a shy and diffident chap helped us, and willingly admitted the car’s faults and omissions. At the other we had the used car dealer that tradition demands, all hustle and shove. Naturally we went with the first.

I had hoped we could go for a top-of-the-line Skoda, the wonderfully named Superb. I wanted to say things like “I’ll just run you to the station, in the Superb,” or “It’s a two-hour trip, but only an hour forty in our Superb,” or even, “I’ll have James bring the Superb round to the front portico.” But it’s too big for our garage space.

✒I’ve been reading an excellent book by Piers Brendon, Eminent Elizabethans, which, unlike the BBC’s weird choices, focuses on just four people: Murdoch, Thatcher, Prince Charles and Mick Jagger. By bringing a real historian’s discipline to the task, Brendon has unearthed lots of new material, including the first logged double entendre by Margaret “Will this gun jerk me off?” Thatcher.

In 1961, with a minor government job, she devoured all the raw data she could find, and brought the House down with her line, “And I have the latest red-hot figure!”

Lazard: Banker Pay Cut Winner

Category : Business

NEW YORK (TheStreet) — U.S. Financial stocks were generally weaker on Monday, though Lazard shares got a big boost from activist investor Nelson Peltz, whose company, Trian Partners, announced it had taken a 5.1% stake in the investment bank.

Trian also released a 39-page explanation of its bullish view of Lazard. Trian sees Lazard slashing pay and implementing other shareholder-friendly policies under Ken Jacobs, who took over leadership of the company in 2009 following the death of legendary dealmaker Bruce Wasserstein. Trian also sees Lazard benefitting from an eventual rebound in M&A activity.

Shares of Lazard rose 5.02% to close at $24.25 on Monday. …

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Euro banks ‘in tatters’ – Clarke

Category : Business

Former chancellor Ken Clarke says Europe’s banking system is “in tatters” and warns the UK is “heavily exposed” to potential problems.

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