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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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Canadian General Investments, Limited Reports June 30, 2012 Interim Results

Category : Stocks

TORONTO, CANADA–(Marketwire – July 25, 2012) - Canadian General Investments, Limited’s (CGI or the Company) (TSX:CGI)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(LSE:CGI) net asset value at June 30, 2012 was $433,668,000, representing a 1.7% increase from the $426,413,000 at the end of 2011. CGI’s net asset value per share (NAV) at June 30, 2012 was $20.79, up from $20.44 at year end 2011. The NAV return, with dividends reinvested, for the six months ended June 30, 2012 was 2.3%, and the market value total return to shareholders was -4.6% compared with a -1.5% total return for the benchmark S&P/TSX Composite Index (S&P/TSX).

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Icahn Boosts Navistar Stake After Trucks Bet Hits Speed Bump

Category : Business, Stocks

NEW YORK (TheStreet) — Activist investor Carl Icahn is doubling down on Navistar after launching a mistimed bet on truck manufacturers a year ago.

On Friday, Icahn disclosed that he’s upped his stake in Navistar to nearly 12% from 10.6%, buying up 883,200 shares at an average price of $24.44, according to a filing with the Securities and Exchange Commission. That comes after Icahn opened a top position in the Lisle, Ill- based truck maker’s shares when they were trading above $30 in the fall of 2011.

Icahn — who is a top shareholder in Navistar — also took a near 10% stake in truck maker Oshkosh last June, in an activist investment that comes amid falling government orders for trucks, fire engines and military vehicles. So far, Icahn’s big rig play has performed poorly as he’s struggled to get both truck makers to consolidate or induce drastic change. …

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The SPDR Gold Trust (GLD) recorded $897M in outflows yesterday, the largest decline since August 2011. Commerzbank wants to see more days of outflows, but says it’s surely a negative if even ETF investors are caught up "in the selling…

Category : World News

The SPDR Gold Trust (GLD) recorded $897M in outflows yesterday, the largest decline since August 2011. Commerzbank wants to see more days of outflows, but says it’s surely a negative if even ETF investors are caught up “in the selling pull.” More: Central GoldTrust (CTU) now trades at a discount to NAV vs. an average 3.4% premium over the past year. 5 comments!

Read the original here: The SPDR Gold Trust (GLD) recorded $897M in outflows yesterday, the largest decline since August 2011. Commerzbank wants to see more days of outflows, but says it’s surely a negative if even ETF investors are caught up "in the selling…

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The deterioration in high-yield bond ETFs ([[HYG]] -1.1%), [[JNK]] -1.3%) accelerates, with JNK now trading at a 243 bp discount to NAV. Peter Tchir isn’t ready to buy yet, saying the discount can actually feed on itself as it brings a "reverse…

Category : Stocks, World News

The deterioration in high-yield bond ETFs

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Serenic Grants Stock Options to Officers and Employees and Amends Exercise Price of Stock Options Granted to Employees

Category : Stocks

EDMONTON, ALBERTA–(Marketwire – April 6, 2012) - Serenic Corporation (the “Company” or “Serenic”) (TSX VENTURE:SER), an international software developer specializing in integrated financial management and HCM solutions for Non-Profit organizations, government agencies, and Microsoft Dynamics NAV users, announced today the grant of stock options and amendment of the exercise price of stock options granted to employees.

Excerpt from: Serenic Grants Stock Options to Officers and Employees and Amends Exercise Price of Stock Options Granted to Employees

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Sterne Agee calls Navistar ([[NAV]] +2%) one of its Catalyst Driven Ideas, saying it expects the prospects for its EGR and LNG opportunities to become clearer this week during the Mid America Truck Show. The firm predicts that the stock could advance…

Category : Stocks

Sterne Agee calls Navistar (NAV +2%) one of its Catalyst Driven Ideas, saying it expects the prospects for its EGR and LNG opportunities to become clearer this week during the Mid America Truck Show. The firm predicts that the stock could advance by 5% over the next two weeks and it maintains a Buy rating. Post your comment!

Original post: Sterne Agee calls Navistar ([[NAV]] +2%) one of its Catalyst Driven Ideas, saying it expects the prospects for its EGR and LNG opportunities to become clearer this week during the Mid America Truck Show. The firm predicts that the stock could advance…

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Kipper Williams on Toyota

Category : Business

‘The sat nav’s programmed to guide you straight back here’

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Notable earnings before Thursday’s open: [[CNQ]], [[NAV]], [[SFD]], [[WSM]]

Category : Stocks

Notable earnings before Thursday’s open: CNQ, NAV, SFD, WSM Post your comment!

Read this article: Notable earnings before Thursday’s open: [[CNQ]], [[NAV]], [[SFD]], [[WSM]]

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Canadian General Investments, Limited Reports Audited 2011 Financial Results

Category : Stocks, World News

TORONTO, CANADA–(Marketwire – Feb. 15, 2012) - Canadian General Investment, Limited’s (CGI) (TSX:CGI)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(LSE:CGI) net asset value at December 31, 2011 was $426,413,000, representing a 15.0% decrease from the $501,548,000 at the end of 2010. CGI’s net asset value per share (NAV) at December 31, 2011 was $20.44, down from $24.04 at year end 2010. The NAV return, with dividends reinvested, for the year ended December 31, 2011 was -11.7%, compared with a -8.7% total return for the benchmark S&P/TSX Composite Index.

Read the original: Canadian General Investments, Limited Reports Audited 2011 Financial Results

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More Galileo satellites ordered

Category : World News

The German-UK consortium building the operational spacecraft for Europe’s Galileo sat-nav system wins a contract to provide an additional eight units.

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