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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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Turkiye Garanti Bankasi A.S. (TKGBY: OTCQX International Premier) | Home Country News Release – Announcement regarding the Offering Circular

Category : World News

Turkiye Garanti Bankasi A.S. has filed a Home Country News Release – Announcement regarding the Offering Circular To view the full release click here (link to PDF).

Read this article: Turkiye Garanti Bankasi A.S. (TKGBY: OTCQX International Premier) | Home Country News Release – Announcement regarding the Offering Circular

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Google Now service comes to iPhone

Category : Business

The Google Now service – which aims to anticipate searches by offering information before it is asked for – extends to Apple’s iOS devices.

Read the rest here: Google Now service comes to iPhone

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Private equity’s ‘bucket’ list

Category : Business

Big private equity firms are offering diversified products, but one size may not fit all investors.

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Pretivm Announces Strategic Investment by Liberty Metals & Mining

Category : Stocks

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 23, 2013) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (“Pretivm”) is pleased to announce that it has entered into a subscription agreement with Liberty Metals & Mining Holdings, LLC (“LMM”), a subsidiary of Boston-based Liberty Mutual Insurance, to issue to LMM by way of a private placement 5,780,346 common shares of Pretivm (the “Purchased Shares”) at a price per share of C$6.92 for gross proceeds of approximately C$40 million (the “Offering”). The purchase price is based on the volume-weighted average price of Pretivm’s common shares on the Toronto Stock Exchange for the twenty trading days ended April 19, 2013. The Offering is scheduled to close on or about April 26, 2013, subject to regulatory approvals.

See the original post: Pretivm Announces Strategic Investment by Liberty Metals & Mining

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Quick house sale firms spark OFT investigation

Category : Business

Watchdog says such firms provide useful service for homeowners but are often used by consumers in vulnerable situations

Companies who offer desperate homeowners a quick sale are to be investigated by the Office of Fair Trading, following concerns that their customers may be receiving tens of thousands of pounds less than their property is worth.

Quick house sale providers offer to buy a house or find a third party buyer very quickly, usually at a discount from the full market value. The sale is a cash sale, and the emphasis is on speed, with promises of completion in as little as five days in some cases. While most firms claim to offer fair or “realistic” prices and “no hidden fees”, consumers have reported cases where a price has been agreed, only to be dropped at the last minute, and being hit with high charges after a valuation has been accepted.

The OFT has launched a market study into the industry, writing to more than 50 quick house sale firms asking for information on their business models and calling for consumers who have used these services to tell it about their experiences.Cavendish Elithorn, the OFT’s senior director for goods and consumer, said: “Businesses offering quick house sales may provide a useful service for homeowners who need to unlock cash in a hurry.

“However, they are often used by consumers in vulnerable situations and therefore we are concerned about the risk of consumers being misled and losing out on large sums of money.”

Activity by these firms has increased in recent years, against a backdrop of falling property sales and a growing numbers of people struggling to repay their mortgages – by the end of 2012, more than 150,000 households had fallen behind on mortgage repayments.

In their website marketing some companies appear to be targeting people in danger of repossession, offering a quick sale before the lender can act. Many seem to be focussing on areas where the housing market is very slow or repossession rates are high.

Consumers who have used these schemes can contact the OFT at quickhousesales@oft.gsi.gov.uk by 16 May 2013.

YouView launch ads banned

Category : Business

Advertising Standards Authority upholds complaint by Virgin Media that claims about the service being ‘unique’ were untrue

Virgin Media has won a victory against fledgling rival YouView, getting its launch TV and press campaign banned after the advertising watchdog ruled that claims it is “unique” and the “easiest” service were untrue.

After a protracted development period, YouView launched last summer. It was backed with a £10m ad campaign that debuted in September, featuring stars including Gary Barlow and Benedict Cumberbatch. The service is a joint venture between the BBC, ITV, Channel 4, Channel 5, Arqiva, BT and TalkTalk to bring internet-connected TV to Freeview households.

Virgin Media lodged a complaint with the Advertising Standards Authority about claims made in the campaign, which ran on TV and in the Radio Times.

The claims included: “YouView is the easiest way to watch catchup TV, on your TV” and the assertion that its electronic programme function has a “unique scroll-back function”.

YouView produced its own customer research to back its claims, as well as conducting its own comparisons with rival services.

The ASA said that YouView had failed to ask the general, basic question about whether it was in fact the easiest way to watch catchup video on their TV sets.

“We concluded the claim had not been adequately substantiated,” the ASA said.

The watchdog also concluded that the “unique” claim was misleading as YouView is not the only service on the market offering a scroll-back function on its programme guide.

The ASA said the ads could not run again without changes and told YouView “to ensure they held adequate evidence to substantiate comparative claims and to ensure their claims were not misleading”.

In a double blow for YouView’s growth, the advertising regulator also ruled against a TV ad and direct mail campaign run by TalkTalk.

TalkTalk, which is aiming to add to its broadband and phone services by offering YouView TV, ran an ad campaign claiming it was offering free YouView set-top boxes to customers.

A complainant said the ad campaign was misleading as there was a £50 engineer installation cost, which the ASA agreed was in breach of rules promising “free” goods.

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Market Research Report — Global Submarine Market Expected to Reach $21.7 Billion by 2023

Category : World News

ROCKVILLE, MD–(Marketwired – Apr 17, 2013) – MarketResearch.com has announced the addition of the market research report “The Global Submarine Market 2013-2023” to their product offering.

Continued here: Market Research Report — Global Submarine Market Expected to Reach $21.7 Billion by 2023

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Market Research Report — Regulatory Changes Are Major Business Concern for Alternative Power Companies in North America

Category : Stocks

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Post Office to launch ‘value for money’ current account

Category : Business

It’s a surprise move, but what will this new account offer customers?

The battle for your current account is set to heat up after Post Office announced plans to enter the market over the coming weeks. No details of the account are available yet, but it stressed it would be offering “value for money”.

Nick Kennett, director of financial services at Post Office, said: “We have carried out extensive research and the findings tell us that customers want simplicity, transparency and good value for money.

“With more than 11,500 branches, which is more than all the UK banks combined, we can provide this through the most convenient and accessible retail network in the UK.”

The account will initially be launched in a small number of branches, before a wider roll-out next year, and would-be customers can register their interest online at postoffice.co.uk/currentaccounts/register.

The move is a return to current account banking by Post Office, which was the home of the state-owned Girobank for two decades until its sale to Alliance & Leicester building society in 1990.

At its peak, Girobank received one in every three pounds deposited in cash at British banks, and at the time of its sale it was the sixth biggest provider of current accounts in the UK. The Girobank name was eventually phased out in 2003, by which time Alliance & Leicester had demutualised.

Since then, Post Office has allowed other high street banks to operate services through its counters. A spokesman for Post Office said: “We have a very good working relationship with our partner banks and we have notified them of our intention to launch a current account. We don’t anticipate any changes.”

Kevin Mountford, head of banking at comparison website MoneySupermarket, said the announcement had taken the industry by surprise, with most people expecting either Tesco or Virgin Money to be the next big player to enter the market.

Mountford said the timing was good for Post Office, as anti-bank sentiment is creating an appetite for challenger brands, while the introduction of seven-day switching later in the year will give people more confidence about moving their accounts.

“The question is, what product will it go for? Will it be rate led with high in-credit interest or low overdraft interest; service led like Metro bank, for example; or will it offer some kind of incentive like £100 to switch?” asks Mountford.

It is also unclear whether it will be a paid-for account. Mountford suggests Post Office could go down that path, offering enhanced deals on some of its existing services in return, for example, for better rates on savings or foreign currency exchange.

Andrew Hagger of MoneyComms says there was a lot of excitement last year when Marks & Spencer said it was launching current accounts, but enthusiasm waned when it emerged it would charge £15 or £20 a month.

However, competition is growing in the market, in the run up to the changes in September which will force providers to complete switches within seven days, and offer a guarantee that customers will not suffer if there are any errors.

This week, Nationwide building society has been heavily promoting its current accounts, with huge adverts for FlexDirect in many newspapers. The account offers 5% AER on in-credit balances up to £2,500, payable for a year, and is one of three separate deals offered by the society as it attempts to win 10% of the current account market.

Santander has enhanced its 123 Current Account in recent weeks by giving holders access to a cash Isa paying 3%, while First Direct is still offering switchers £100, and Halifax has a £50 incentive and fee-free overdraft deal.

The eventual arrival of Tesco and Virgin Money is likely to shake things up further. Asked about the timing of its launch, a spokesman for Tesco Bank says: “As we have said for some time, we will develop the right current account proposition for Tesco customers and will enter the market once the seven-day switching service is established.”

Market Research Report — US Retail Sales of Meat and Poultry to Reach $98.3 Billion by 2017

Category : Stocks, World News

ROCKVILLE, MD–(Marketwired – Apr 9, 2013) – MarketResearch.com has announced the addition of the market research report “Meat and Poultry Trends in the U.S.” to their product offering.

Originally posted here: Market Research Report — US Retail Sales of Meat and Poultry to Reach $98.3 Billion by 2017

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