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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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Greek MPs vote through mass job cuts

Category : Business

The Greek parliament approves 15,000 civil service layoffs in return for more EU/IMF bailout money, as hundreds protest in the streets outside.

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Hey Wall Street, get ready for more layoffs

Category : Stocks

Beware Wall Street, more banks are expected to follow Citigroup and Morgan Stanley in announcing major layoffs in the coming month.

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Strikes likely at Iberia just before Christmas

Category : Business

General Workers’ Union says strikes are to protest against ‘unnecessary layoffs’

Unions representing most workers at the Spanish airline Iberia said on Thursday that they would stage six days of strikes immediately before the Christmas holidays in a protest against the company’s plans to lay off 4,500 staff.

The stoppages by Iberia ground staff and cabin crews will be held on 14 December and from 17-21 December.

Francisco Rodriguez, of the General Workers’ Union, Spain’s largest, said the strikes were to protest against the “unnecessary layoffs”.

International Airlines Group, the merged British Airways and Iberia, plans to cut 23% of the Spanish company’s staff, saying the carrier is “in a fight for survival”. The pilots’ union, Sepla, is not among the six unions backing the strike.

Citigroup earnings: More bad news for investment bankers

Category : Business

Revenue in a number of Citi’s I-banking businesses plunge 40% and the possibility of layoffs is growing.

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Time for Flash Sales to Adapt or Die

Category : Stocks

By Christina Cheddar Berk, News Editor

NEW YORK (CNBC) — Flash-sale websites such as Gilt Groupe and Ru La La were hailed as disruptors in the ecommerce space, but recently there’s been a bit of a disruption in their success story, prompting some to wonder if flash-sale sites are more of a marketing gimmick than a sustainable business model.

The sector, while still growing, is being shaken up by consolidation, layoffs and slowing growth rates. Many industry analysts suspect that will continue unless flash-sale sites adapt. …

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Pay cuts OK’d for ailing Rangers

Category : World News

Administrators for Rangers said Friday several players have agreed to cut their salaries by up to 75 percent in an effort to help save the financially stricken Scottish club.
Joint administrator Paul Clark did not disclose the names of the players or how many have agreed to the cuts, but said the measure will help prevent more layoffs at the club this season.

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[[AOL]] has shut down Brizzly, a web-based social media sharing client it acquired less than 18 months ago, claiming it wants to focus its resources on its once-dominant AIM instant messaging platform. The news comes a day after it was reported AOL…

Category : Stocks

AOL has shut down Brizzly, a web-based social media sharing client it acquired less than 18 months ago, claiming it wants to focus its resources on its once-dominant AIM instant messaging platform. The news comes a day after it was reported AOL will soon conduct major layoffs. Post your comment!

See the article here: [[AOL]] has shut down Brizzly, a web-based social media sharing client it acquired less than 18 months ago, claiming it wants to focus its resources on its once-dominant AIM instant messaging platform. The news comes a day after it was reported AOL…

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Average Wall Street bonus drops to $121,000

Category : Business

Lower profits and layoffs resulted in Wall Street bonuses falling by nearly $3 billion last year to their lowest level since the 2008 financial crisis.

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