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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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UK economic policy ‘illogical’

Category : World News

Austerity in the UK has cut demand and output more than even pessimists predicted, former US Treasury Secretary Larry Summers tells the BBC.

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Pre-Marketing: Businessmen as president

Category : Stocks

Also: Is Facebook “broken on purpose”? The difference between founder Larry Page and CEO Larry Page.

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Blackrock CEO predicts manufacturing boom

Category : Business

Larry Fink says fiscal cliff aside, things look good.

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Pre-Marketing: Larry Ellison’s next target

Category : Business, Stocks

Larry Ellison eyes Anschutz Entertainment Group. Also: Why prepaid debt needs deregulation.

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Google and Apple’s chiefs may be ready to talk patent peace, sources say

Category : Business

Larry Page and Tim Cook held telephone discussions as Samsung-Apple trial reached conclusion over intellectual property disputes, sources say

Google’s chief executive Larry Page and Apple chief executive Tim Cook have been conducting behind-the-scenes talks about a range of intellectual property matters including the mobile patent disputes between the companies, people familiar with the matter say.

The two executives had a phone conversation last week, the sources said – at the time that the court case between Apple and Samsung, the largest maker of smartphones using Google’s Android mobile software, reached a crescendo.

Discussions involving lower-level officials of the two companies are also ongoing, sources said.

Page and Cook are expected to talk again in the coming weeks, though no firm date has been set, the sources told Reuters on Thursday. One of the sources told Reuters that a meeting had been scheduled for this Friday, but had been delayed.

The two companies are keeping lines of communication open at a high level against the backdrop of Apple’s legal victory in a patent infringement case against Samsung, where last Friday a jury awarded Apple $1.05 billion in damages and set the stage for a possible ban on sales of some Samsung products. The case has been widely viewed as a “proxy war” between Apple and Google.

One possible scenario under consideration could be a truce involving disputes over basic features and functions in Google’s Android mobile software, one source said.

But it was unclear whether Page and Cook were discussing a broad settlement of the various disputes between the two companies, most of which involve the burgeoning mobile computing area, or are focused on a more limited set of issues.

Competition between Google and Apple has heated up in recent years with the shift from PCs to mobile devices. Google’s Android software, which Apple’s late founder Steve Jobs denounced as a “stolen product,” has become the world’s top smartphone operating system by market share. But its popularity has gone in tandem with patent infringement lawsuits involving various hardware vendors who use it, including Samsung, HTC, and Google-owned Motorola Mobility (MMI), filed by Apple and by Microsoft.

The latest shot in the war was filed by on 17 August by MMI against Apple at the US International Trade Commission, claiming some features of Apple’s devices including its Siri voice recognition system infringe on its patents. A previous lawsuit between the two in a Chicago court was thrown out by federal judge Richard Posner, who said neither side could prove damages.

Apple in recent months has moved to lessen its reliance on Google’s products. Apple recently unveiled its own mobile mapping software, replacing the Google product used in the iPhone, and said it would no longer offer Google’s YouTube as a pre-loaded app in future versions of its iPhone. Google is expected to offer its own Google Maps and YouTube apps for the iPhone, to join its Chrome browser app.

Cook took the helm at Apple a year ago, and Page stepped into the top job at Google a few months before that.

The conversation between Page and Cook last week did not result in any formal agreement, but the two executives agreed to continue talking, according to one source.

Google’s Larry Page, who sat out several public speaking engagements earlier this summer because of an unspecified medical condition affecting his voice, has continued to run Google’s business.

Apple and Google declined to comment on any discussions.

Don’t be fooled by the glowing jobs report today, says CNBC’s Larry Kudlow. Yes, payrolls rose by 163K in July, but the devil’s in the details. For one, the small-business household survey dropped 195,000. That’s what drove the unemployment…

Category : Stocks, World News

Don’t be fooled by the glowing jobs report today, says CNBC’s Larry Kudlow. Yes, payrolls rose by 163K in July, but the devil’s in the details. For one, the small-business household survey dropped 195,000. That’s what drove the unemployment rate up to 8.3%. Add the labor force shrinking by 150K, the participation rate slipping to 63.7% and the overall U-6 discouraged-workers unemployment rate increasing to 15%, and that pretty much cancels out any better-than-expected rise. 6 comments!

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Google’s vow of silence is hurting stock

Category : Business, Stocks

Larry Page’s mysteriously missing voice is just one of several issues spooking investors.

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Oracle chief buys Hawaiian island

Category : Business

Larry Ellison, the chief executive of technology giant Oracle, is to buy 98% of Lanai, the Hawaiian island, the governor of the Pacific US state said.

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The real Euro 2012: the economic championship of Europe

Category : Business

As European nations clash on the football fields of Poland and Ukraine, many of their economies are facing something more like relegation. Who would come out on top in the struggle to avoid economic crisis?

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Data economy Google hangout – video

Category : Business

What happened when we got three innovative minds together to debate the state of the world’s economy?

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