PennyStockPayCheck.com Rss

Featured Posts

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...

Read more

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...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

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...

Read more

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...

Read more

REMINDER: MEDIA ALERT: Forte Design Systems to Co-Sponsor the India SystemC User’s Group (ISCUG) Conference, Will Demonstrate High-Level Synthesis Offering

Category : Stocks, World News

Vice President of Technical Marketing Mike Meredith to Present Tutorial, SystemC Talk

See the article here: REMINDER: MEDIA ALERT: Forte Design Systems to Co-Sponsor the India SystemC User’s Group (ISCUG) Conference, Will Demonstrate High-Level Synthesis Offering

Post to Twitter

Ashley sells Sports Direct stake

Category : World News

Newcastle United owner Mike Ashley sells a 4% chunk of his stake in the retailer he founded, Sports Direct, for £100m.

Here is the original post: Ashley sells Sports Direct stake

Post to Twitter

mike08201: From some of the items I’ve learned in

Category : Stocks

mike08201

Read the rest here: mike08201: From some of the items I’ve learned in

Post to Twitter

Media Advisory/REMINDER: Minister Toews to Make a Funding Announcement

Category : World News

WHITEHORSE, YUKON–(Marketwire – Jan. 19, 2013) - The Honourable Vic Toews, M.P. for Provencher and Minister of Public Safety, on behalf of the Honourable Rob Nicholson, P.C., Q.C., M.P. for Niagara Falls, Minister of Justice and Attorney General of Canada, the Honourable Mike Nixon, Minister of Justice and Attorney General of Yukon, and Ryan Leef, M.P. for Yukon, will make a funding announcement for victims of crime services in Yukon.

See more here: Media Advisory/REMINDER: Minister Toews to Make a Funding Announcement

Post to Twitter

HP Autonomy writedown: who’s who

Category : Business

From Hewlett-Packard boss Meg Whitman and predecessor Leo Apotheker to king of ‘Silicion Fen’ Mike Lynch and dotcom banker Frank Quattrone

Meg Whitman

The 56-year-old New Yorker, whose CV includes stints at Walt Disney, Procter & Gamble and Hasbro built her reputation at eBay, growing the business from 30 staff in 1998 to 15,000 10 years later – and became a billionaire in the process.

In 2010 Whitman campaigned unsuccessfully to become governor of California, spending £140m of her own cash.

Joined HP as president and chief executive, after a stint on the board, on a salary of just $1 a year – but was also awarded $16m (£10.1m) of stock options last year and $372,598 in “other compensation”, including use of the company aircraft.

On Tuesday she accused Autonomy of a “wilful effort to mislead”.

Léo Apotheker

The multilingual German spent 22 years at business software group SAP, becoming chief executive in 2008. He resigned two years later when his contract was not renewed.

He joined HP a few months later and led the $10bn acquisition of Autonomy.

Apotheker was paid some $25m at HP,

Post to Twitter

Bryant’s triple-double leads Lakers over Houston – Boston.com

Category : Stocks


Times of India
Bryant's triple-double leads Lakers over Houston
Boston.com
Kobe Bryant had 22 points, 11 rebounds, and 11 assists for his 18th career triple-double, and the revitalized Lakers ran past the Houston Rockets, 119-108, Sunday night in Los Angeles for their fourth victory in five games since firing coach Mike Brown.
NBA: Los Angeles Lakers defeat Houston RocketsSan Jose Mercury News
No 'sideshow': Mike D'Antoni sits out as Lakers rout RocketsUSA TODAY
Lakers rip Rockets 119-108 for 4th win in 5 gamesHuffington Post
Pasadena Star-News

Post to Twitter

Vikram Pandit quits as Citigroup chief executive

Category : Business

US investment bank says Pandit has stepped down as chief executive and left the board with ‘immediate effect’

The chief executive of Citigroup abruptly quit on Tuesday after five years in the top job, amid reports of a boardroom clash.

Citi said Vikram Pandit, 55, was stepping down as chief executive and leaving the company’s board with “immediate effect”. Within minutes of the bank’s announcement, Pandit’s name was gone from Citigroup’s website. Chief Operating Officer John Havens, a long-time associate of Pandit, also resigned.

Pandit said the decision to leave was his own and he was quitting because it was “the right time for someone else to take the helm at Citigroup”. However, the Wall Street Journal reported that Pandit resigned after clashing with the board over strategy and performance.

There has also been speculation that Pandit may have quit over a row about his pay. In April Citi shareholders voted down his $15m (£9.3m) pay deal, but the vote was non-binding and his pay rise went through.

Michael O’Neill, Citi’s chairman, said the board respected Pandit’s decision to leave the bank. “Since his appointment at the start of the financial crisis until the present time, Vikram has restructured and recapitalised the company, strengthened our global franchise and refocused the business,” he said in a statement.

However Citi’s shares, which were trading 1% higher on the back of Pandit’s resignation, have lost almost 90% of their value since he took the helm in December 2007.

Pandit told Bloomberg TV on Tuesday night: “The bank is actually in damn good shape.” He said confidence had been restored and capital rebuilt.

Citi said Pandit will be replaced by Mike Corbat, the bank’s current head of Europe, the Middle East and Africa, and a former Harvard University footballer who once planned to play professionally in the NFL, the top American football league.

Pandit said he “could not be leaving the company in better hands” and the announcement came just 24 hours after the bank reported better-than-expected profits.. “Mike is the right person to tackle the difficult challenges ahead, with a 29-year record of achievement and leadership at this company,” he said. “I will truly miss the wonderful people throughout this organisation. But I know that together with Mike they will continue to build on the progress we have made.”

In a memo to Citi’s 260,000 employees, Pandit added: “Only you can understand the effort and hard work that was put in to get our company where it is today.

“I am proud of each and every one of you and I have the utmost confidence in your future success.”

The bank’s president and chief operating officer John Havens, and long-time associate of Pandit, also quit. The bank said Havens “had already been planning retirement from Citi at year-end but decided, in light of Mr Pandit’s resignation, to leave the company at this time.”

The departures remove a leadership team that navigated Citigroup through 2008′s global credit crisis, when US taxpayers rescued the bank from collapse with a $45bn bailout.

Matt McCormick, banking analyst and portfolio manager at Bahl & Gaynor in Cincinnati, Ohio, said: “What Pandit and Havens did was increase the uncertainty around Citi. There’s a perpetual cloud of uncertainty surrounding Citigroup. There’s always turmoil … that’s had to affect the stock price.”

Following Pandit’s departure, just two men who ran Wall Street banks during the financial crisis remain in their posts: Jamie Dimon at JP Morgan Chase and Lloyd Blankfein at Goldman Sachs.

If no changes are made to Pandit’s compensation package, Citigroup will have paid him about $261m in the five years since he became chief executive, including $165m it paid to buy his Old Lane Partners hedge fund in 2007 in a deal that led to him taking the top job, according to Bloomberg.

The shake-up at Citi came as Goldman Sachs reported profits of $1.46bn in the three months to the end of September, compared with a $428m loss in the same quarter a year earlier.

The bank said higher profit and revenues allowed it to more than double salaries, benefits and bonuses to $3.7bn.

A spokesman for the Robin Hood Tax campaign, which is calling for a 0.5-1% tax on financial transactions to fund welfare projects, said: “These eye-watering profits and pay are further evidence that banks are a law unto themselves. While the rest of us are belt-tightening, banks are yet to change their ways.

“If banks can afford to dole out such lavish bonuses, they can afford to pay more to get the economy they helped derail back on track.”

Mike The Pike Productions, Inc. (MIKP: Grey Market) | Mike The Pike Productions, Inc. Identifies Market Maker to Proceed with Form 15c2-11 to Resume Quotation; Operations Continue Uninterrupted Toward Revenues and Long-Term Growth

Category : Stocks

LOS ANGELES–()–Mike The Pike Productions (OTC: MIKP) (www.mtpprods.com), an entertainment company with a focus in feature films, graphic novels and media holdings, announces today that its recent SEC suspension was lifted over the weekend. Today, trading resumes on the Grey Market.

According to OTC Markets, trades in grey market stocks “are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor’s bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.”

The company is working diligently to resume quotation by market makers in the OTC Markets and has initiated proceedings with a Market Maker toward submission for OTC interdealer quotation via filing of Form 15c2-11 with FINRA.

The process, which the company feels will take anywhere from 3-6 months, is alongside ongoing operations which include at least two additional feature film announcements in 2012 for its subsidiary, Saint James Films (http://www.saintjamesfilms.com), as well as additional accrued revenues, attendance at the 2012 American Film Market, advancement on effects driven sci-fi thriller,

Post to Twitter

Mike The Pike Productions, Inc. (MIKP: Grey Market) | Quarterly Report

Category : Stocks

Fri, Oct 05, 2012 04:33 – Mike The Pike Productions, Inc. (MIKP: Grey Market) released their Quarterly Report concerning Q3 2012 quarterly Report w/signature. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=92129.

Read more here: Mike The Pike Productions, Inc. (MIKP: Grey Market) | Quarterly Report

Post to Twitter

mike08201: LMAO! nooooo

Category : Stocks

mike08201

View original post here: mike08201: LMAO! nooooo

Post to Twitter