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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to 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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Ford results dented by European loss

Category : World News

US car giant Ford reports results that underlined the contrasting fortunes of its North American and European businesses.

Continued here: Ford results dented by European loss

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Statoil finds new oil in North Sea

Category : Business, World News

Norwegian energy giant Statoil says it has found ‘significant’ new oil deposits in the North Sea of between 40 and 150 million barrels.

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Winter ‘subdued’ North Sea activity

Category : World News

North Sea activity was subdued by the UK’s prolonged winter after a strong finish to 2012, a report by Deloitte concludes.

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Why improving productivity in the North means confidence is waning

Category : Business

Local economies will be crucial for the UK’s recovery, but recent rises in business productivity in North seem to suggest, paradoxically, that bosses are not expecting an imminent resurgence

The North’s economy is twice the size of Scotland, and larger than that of Sweden, Denmark and Belgium. But how productive are Northern workers? How efficient are we at actually doing things compared to the rest of the UK? Until recently the answer to this question was simple: not very, and getting worse, while the country as a whole is faltering relative to its competitors.

However, recent figures on ‘productivity per hour’ and per filled job in different areas of the UK show that (while the gap is still wide) between 2009 and 2011 all three Northern regions gained ground on the national productivity rate, while London slipped.

Earlier this week, yet more statistics revealed that areas whose economies aren’t conventionally thought of as being highly productive – Blackburn and Darwen, Durham, Blackpool, Bradford, Sunderland and Tyneside – were also gaining ground.

With the North having restructured its economy away from heavy industry in favour of modern sectors such as biotechnology, advanced manufacturing, business and financial services, are these figures a result of these changing structures, and a glimpse of changing fortunes?

This is, lamentably, unlikely. Despite the efforts and innovations of companies in the North, these figures are more likely to be showing the very opposite of the business confidence needed for the North to drive its way out of recession.

Recessions can have a different impact on different firms’ decisions, depending on how they feel about future prospects: if they are confident of resurgence they are likely to hold on to staff and tolerate low productivity; if they are less confident they may lay off staff and so will, in the short term, become relatively more productive.

Does this mean therefore that London firms are more confident of their prospects than Northern firms? Paradoxically, is improving productivity a bad sign? London’s over-reliance on the finance sector is likely to play a large part also – a sector which has seen a recent dip in productivity – but these figures do raise questions.

However, the questions raised are not simply about the “UK economy”, but about the economy in Sefton, in Sunderland, in Northumberland, in Bristol, Dudley and Dunbartonshire.

In short, the questions that need asking relate to the real economies, as people go about their work and spend their money. These are questions that are rooted in people’s lives as they are lived, not as they are theorised down in Whitehall and on Threadneedle Street.

It is increasingly being recognised – not least thanks to the work of Tory grandee Lord Heseltine, which the government (partially) acknowledged – that it is these local economies that are the cornerstones and building blocks of our economy. As the country tries to dig its way out of recession, driving local growth is not only the most efficient way to drive national growth, but is the best way of engendering prosperity for the people who labour to make that growth happen.

• Luke Raikes is a Labour councillor for Baguley in Greater Macnhester and a researcher at IPPR North. He tweets @lukeraikes

Bombardier Inc. (BDRBF: OTCQX International Premier) | Bombardier Wins Rail Operations and Maintenance Contract in Florida

Category : Stocks, World News

April 15, 2013

Bombardier Wins Rail
Operations and Maintenance Contract in Florida

Award confirms
Bombardier’s leadership position as a rail services provider

BERLIN, GERMANY–(Marketwired – April 15, 2013) – Rail
technology leader Bombardier Transportation announced today that it has
signed a contract with the State of Florida Department of Transportation to
provide operations and maintenance services for the Central Florida Commuter
Rail Transit project (also known as SunRail). The contract is valued at
approximately $195 million US ($199 million CAD, 149 million euro), and
includes mobilization activities followed by 10 years of service.

Bombardier’s scope of work for the SunRail commuter rail service will include
operations, dispatching, fleet maintenance, track maintenance, customer
service, station platform and facility maintenance, and material supply. The
Bombardier team will mobilize for service over the coming months and assume
its operations and maintenance responsibilities in the spring of 2014.

The fleet for the SunRail service will include 20 BOMBARDIER BiLevel commuter
rail cars that Bombardier will begin delivering this spring. Over 1,000
Bombardier BiLevel cars are already in operation across the United States and

“We are proud to be part of this very important expansion of public
transit in Central Florida, which will increase people’s mobility, provide a
regional transportation alternative to Central Florida’s congested roads, and
benefit the regional economy,” said Raymond Bachant, President,
Bombardier Transportation North America. “This new agreement confirms
Bombardier’s leadership position as a provider of passenger rail equipment and
services in North America and worldwide. Our strong services portfolio
complements our innovative products and technologies, allowing us to form a
true partnership with our customers throughout the entire product life cycle
and to ensure the highest levels of safety, customer service, on-time
performance, fleet availability and reliability.”

Bombardier has a long-standing track record of providing operations and
maintenance services to transit systems across North America including Agence
Metropolitaine de Transport in Montreal, GO Transit in Toronto, the
Massachusetts Bay Transportation Authority, New Jersey Transit, North County
Transit District in California, OC Transpo in Ottawa, the South Florida
Regional Transit Authority, the Southern California Regional Rail Authority,
and, beginning in June, the Maryland Area Regional Commuter (MARC) Train
Service. Bombardier also supports transit systems with overhaul and
refurbishment programs and material and technology solutions.

About Bombardier Transportation

Bombardier Transportation, a global leader in rail technology, offers the
broadest portfolio in the rail industry and delivers innovative products and
services that set new standards in sustainable mobility. BOMBARDIER ECO4
technologies – built on the four cornerstones of energy, efficiency, economy
and ecology – conserve energy, protect the environment and help to improve
total train performance for operators and passengers. Bombardier
Transportation is headquartered in Berlin, Germany, and has a very diverse
customer base with products or services in more than 60 countries. It has an
installed base of over 100,000 vehicles worldwide.

About Bombardier

Bombardier is the world’s only manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones
Sustainability World and North America indexes. In the fiscal year ended
December 31, 2012, we posted revenues of $16.8 billion USD. News and
information are available at or follow us on Twitter

Note to Editors

For news releases, related material and photos, visit our media centre at

Follow Bombardier Transportation on Twitter @BombardierRail.

BOMBARDIER, BiLevel and ECO4 are trademarks of Bombardier Inc. or its

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VIDEO: How a freezing March affected small firms

Category : World News

Businesses in North Yorkshire explain how the exceptionally cold weather in March has damaged their trade.

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TVI Pacific Inc. (TVIPF: OTCQX International) | TVI Pacific Inc. Issues Correction for Agata North Resource Estimate

Category : Stocks

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TVI Pacific Inc. Issues Correction for Agata North Resource Estimate

Canada NewsWire

CALGARY, April 12, 2013


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N Korea boycotts factory complex

Category : World News

North Koreans fail to report for work at Kaesong Industrial Complex, suspending one of the few points of co-operation between the Koreas.

See original here: N Korea boycotts factory complex

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Q&A: Kaesong Industrial Complex

Category : World News

The BBC looks at the Kaesong Industrial Complex, the joint inter-Korean economic project north of the demilitarized zone.

View original post here: Q&A: Kaesong Industrial Complex

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Destiny Media Technologies, Inc. (DSNY: OTCQX U.S.) | Destiny Media Technologies Schedules Second Quarter Fiscal 2013 Earnings Release and Conference Call

Category : Stocks, World News

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Destiny Media Technologies Schedules Second Quarter Fiscal 2013 Earnings Release and Conference Call

PR Newswire

VANCOUVER, April 5, 2013

VANCOUVER, April 5, 2013 /PRNewswire/ – Destiny Media Technologies (TSXV: DSY)
(OTCQX: DSNY), the global standard for the secure distribution of
pre-release music to radio and the developer of a new cross platform
playerless video streaming format, today announced that the Company
will hold a conference call on Tuesday, April 16, 2013 at 10:00

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