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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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Nudged out: this is mutualisation, but not as we know it | Ed Mayo

Category : Business

The privatisation of No 10′s nudge unit, meant as a model for public services, is no John Lewis utopia for employees

It makes for a lovely headline. The much-trumpeted “nudge unit” in government is being nudged out and will be run as a private, mutual business. As one

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AXA (AXAHY: OTCQX International Premier) | AXA Equitable Opens New Charlotte Operations Center

Category : World News

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AXA Equitable Opens New Charlotte Operations Center

Innovation Park location sets new standard for more ‘open and collaborative’ environment

PR Newswire

CHARLOTTE, N.C., May 2, 2013

CHARLOTTE, N.C., May 2, 2013 /PRNewswire/ — On May 1, AXA Equitable Life Insurance Company held a ribbon cutting ceremony to mark the opening of the company’s new Life Operations headquarters, located at 8501 IBM Drive in Innovation Park and host to nearly 700 employees.

(Photo: http://photos.prnewswire.com/prnh/20130502/NY06730-a )

(Photo: http://photos.prnewswire.com/prnh/20130502/NY06730-b )

The physical design of the Innovation Park work space reflects the organization’s emphasis on building a company culture and work environment that is conducive to collaboration and innovation. In this way, Innovation Park’s modern, open space design underscores AXA Equitable’s focus on growth, employees and customers.

The ceremony, which was hosted by Chairman and CEO Mark Pearson and members of the executive leadership team, was both a celebration and an opportunity to outline how the relocation supports AXA Equitable’s long-term commitment to its employees, customers and the Charlotte community. Attendees included President Andrew McMahon; Rino Piazzolla, Chief Human Resources Officer; Mike Healy, Chief Information Officer; Manish Agarwal, head of Financial Protection; and Jacquline Morales, head of Life Operations.

“AXA Equitable’s aspiration is to build our market leadership through innovation, delivering on our promises to our customers and being a trusted partner to our distributors,” said Pearson. “To pursue excellence and deliver exceptional value to our customers, we need to create a more open and collaborative work environment, and we are starting here today in Charlotte.”

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UK fraud probe for Kazakh miner ENRC

Category : World News

The UK’s Serious Fraud Office starts an investigation into Kazakh mining company and FTSE 100 member Eurasian Natural Resources Corporation.

Read more: UK fraud probe for Kazakh miner ENRC

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Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTCQX International Premier) | GFNorte´s AGM Proposals´ Update

Category : World News

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Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTCQX International Premier) | GFNorte´s AGM Proposals´ Update

Category : Stocks

We are sending an

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First Manitowoc Bancorp, Inc. (FMWC: OTCQB) | Bank First announces bank officer promotions

Category : World News

Bank First, a subsidiary of First Manitowoc Bancorp, Inc. (OTCQB: FMWC) recently announced the promotion of two bank officers. Mike Molepske, President and CEO, made the announcement. Officers promoted are:

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RusHydro JSC (RSHYY: OTCQX International Premier) | Results of the Board of Directors on April 5, 2013

Category : Stocks, World News

Results of the Board of Directors on April 5, 2013< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that the Company’s Board of Directors held a meeting in absentia on April 5, 2013.

***

The Board of Directors accepted a proposal of the Russian Federation, represented by the Federal Property Management Agency, holder of 67.12% of RusHydro’s voting shares[1], on inclusion of the following items in the agenda of the Company’s Annual General Meeting of shareholders (AGM): approval of the annual report and annual accounting statements, including the use of profit for 2012; remuneration of members of the Board of Directors, election of members to the new Board of Directors and Audit Commission and approval of the Company’s auditor.

The AGM agenda and date will be determined on one of the following meetings of the Board of Directors.

***

The Board of Directors approved the following candidates to the new Board of Directors for upcoming election at the AGM:

-

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EU output slumps as job losses mount

Category : Business

Unemployment rate in eurozone states hits 12%, while UK manufacturing sector shrinks for second successive month

Europe’s woes deepened on Tuesday after surveys revealed much of the continent locked into a spiral of declining manufacturing output and rising unemployment.

Predictions that the eurozone economies would stage a recovery this year appeared to be woefully wide of the mark as a long-run contraction in manufacturing accelerated and the number of unemployed people in the eurozone reached 12%. Across the wider, 27-country EU the total number of jobless is a record 26.3m.

Britain failed to shake off the gloom after bad weather and weak demand from the eurozone left the UK manufacturing sector contracting for a second successive month in March.

Factories in Germany and Ireland, which fared well last year compared to their counterparts in Spain and Portugal, also fell back into decline in March according to the purchasing managers index (PMI) compiled by Markit.

The eurozone manufacturingPMI fell to 46.8 from 47.9 in February – slightly better than an preliminary estimate of 46.6, but extending its run below the 50 mark that separates growth and contraction for a 20th month. Separate data showed European car sales shrank 8.2% across Europe last year to a 17-year low of 12.05 million vehicles, reflecting declining wages and higher unemployment.

Car makers blamed much of the decline on consumers postponing purchases while the crisis in Cyprus flared. After a dismal 2012, analysts warned that several car firms could struggle to survive 2013 with further declines in sales threatening more losses.

Across a broad range of manufacturing, the picture was equally bleak, especially in France. French factory activity retreated for a 13th month and car registrations dived 16.4% in March, further underlining the malaise sweeping through the eurozone’s second-biggest economy.

Capital Economics said: “Combined with today’s record-high unemployment figures, the survey confirms that the euro-zone is mired in recession. What’s more, there is no reason to expect things to turn around any time soon.”

Even Switzerland, which has proved a haven from much of the euro crisis, suffered a sharp decline in manufacturing.

The landlocked country is notorious for its secretive banking industry, but less well known is its reliance on manufacturing for almost a third of GDP. However, the high value of the Swiss franc has increased the price of the sector’s exports and, combined with the decline in demand from eurozone countires, triggered a fall in sales.

In Britain manufacturing output dropped at the fastest pace since October 2012 but the prospects for new business brightened slightly.

New export orders weakened for the 15th successive month amid reports of stiff competition from the US and Asia and poor demand from Europe.

CIPS/Markit said there had been modest job losses in industry last month, concentrated in bigger companies. But the survey warned that cost pressures on manufacturing were increasing as a result of dearer electricity, oil and food products.

Figures from the European statistics office Eurostat showed that the overall unemployment rate in the 17-member currency union has risen steeply since February last year, when the rate was 10.9%.

Across the EU as a whole, there are now 26.3m people out of work, pushing the jobless rate to 10.9%, up from 10.2% in the same month last year.

Britain, which had until recently succeeded in cutting unemployment, joined a list of 19 EU member states that suffered a rise in February. Only eight countries experienced a fall in unemployment.

Despite operating against a backdrop of rising unemployment and falling inflation, the European Central Bank president, Mario Draghi, has so far resisted easing monetary policy in a similar vein to the Bank of England and the US Federal Reserve, which have pumped vast sums into their respective economies under the policy of quantitative easing (QE).

The ECB meets on Thursday to consider cutting interest rates to boost growth, but it is expected to maintain the current 0.75% base rate and reject pleas to adopt QE.

Andrea Broughton, principal research fellow at the Institute for Employment Studies, said Brussels risked creating a “lost generation” of young people who have left school or college only to join the dole queue.

She said: “Youth unemployment remains the EU’s biggest employment-related headache, and shows no signs of abating, with an average rate for the under-25s of 23.5% in the 27 EU member states. In Greece, the youth unemployment rate is nearing 60% – a rate of 58.4% was recorded in December 2012. In Spain, the youth unemployment figure is 55.7%.”

Brussels launched a youth guarantee this year that urged member states to ensure all young people receive an offer of work, continued education, an apprenticeship or a traineeship within four months of leaving formal education or becoming unemployed.

CUPE Ontario mourns the loss of Peter Kormos, a legislative lion

Category : Stocks

TORONTO, ONTARIO–(Marketwire – March 30, 2013) - On behalf of our 240,000 members across Ontario, CUPE Ontario joins those mourning the loss and celebrating the life of our Brother Peter Kormos, the former NDP Member of Provincial Parliament for Welland.

Read more: CUPE Ontario mourns the loss of Peter Kormos, a legislative lion

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Tirex Resources Announces Involvement in 7th Congress of the Balkan Geophysical Society (BGS)

Category : World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 28, 2013) - Tirex Resources Ltd. (“Tirex”) (TSX VENTURE:TXX) is pleased to announce that Tirana, Albania has been chosen to host the 7th Congress of the Balkan Geophysical Society and that Prof. Dr. Perparim Alikaj, Tirex Country Manager has been appointed as a member of the organizing committee of this Congress.

Continued here: Tirex Resources Announces Involvement in 7th Congress of the Balkan Geophysical Society (BGS)

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