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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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Greater Hudson Bank, NA (NY) (GHDS: OTCQB) | Greater Hudson Bank, N.A. Welcomes Damiane Doyle As Commercial Loan Officer

Category : Stocks

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Greater Hudson Bank, N.A. Welcomes Damiane Doyle As Commercial Loan Officer

PR Newswire

MIDDLETOWN, N.Y., May 10, 2013

MIDDLETOWN, N.Y., May 10, 2013 /PRNewswire/ –

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Fraser Institute’s Alberta High School Rankings Show Academic Improvement at 22 Schools

Category : World News

CALGARY, ALBERTA–(Marketwired – May 4, 2013) - Twenty-two Alberta high schools, including 12 public schools and nine schools in Calgary, have seen their academic performance improve over the past five years, according to the Fraser Institute’s annual school rankings.

View original post here: Fraser Institute’s Alberta High School Rankings Show Academic Improvement at 22 Schools

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Primark boosts profits at AB Foods

Category : World News

Clothing retailer Primark’s “exceptionally strong” performance helps to push profits higher at owner Associated British Foods.

Read more from the original source: Primark boosts profits at AB Foods

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Mindpix Corp. (MPIX: OTC Pink Limited) | Mindpix Announces that Deposit Trust Company Deposit Chill has been Lifted

Category : Stocks, World News

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Mindpix Announces that Deposit Trust Company Deposit Chill has been Lifted

PR Newswire

LAS VEGAS, April 19, 2013

LAS VEGAS, April 19, 2013 /PRNewswire/ –

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Citigroup banks bumper profit rise

Category : Business

US bank Citigroup reports a 31% rise in first quarter profits, on the back of a solid performance at its investment banking arm.

More here: Citigroup banks bumper profit rise

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Marks & Spencer suffers seventh consecutive fall in clothing sales

Category : Business

But 3.8% decline in general sales not as bad as 6% some had predicted – buying chief Marc Bolland a few more months

Marks & Spencer has suffered its seventh consecutive quarterly fall in clothing sales but insisted on Thursday that it can do better and still has the support of its shareholders.

The firm’s chief executive, Marc Bolland, who is under pressure to improve performance at Britain’s biggest clothing retailer, said sales in the key general merchandise division fell 3.8% in the fourth quarter, while food sales rose by 4%.

Overall, underlying sales were ahead by 0.6% in the three months to the end of March, which the group said was its strongest quarterly growth in two years. The performance in general merchandise was ahead of some of the more pessimistic City forecasts, which predicted a decline of 6%, and shares in the group led the FTSE 100 risers in early trading, with a 5% jump to 403p.

Bolland’s future has been called into question at the group, which has also been subject to takeover rumours. However, presenting the results, he said: “I’m thoroughly enjoying the job and the challenge. It is a lot of hard work and it will take a long time but we expected that.”

For the year, general merchandise sales were down by 4.1% while food sales were up by 1.6%.

Bolland said: “We have always said that this quarter was a challenging one. We have very good trends out there but we can improve. We can do better than this, We are working hard at doing this and will see the first collections coming out in autumn-winter certainly with an improved line.

“We delivered an excellent result in food, with performance well ahead of the market, as customers continued to trust us for provenance and quality.”

Bolland has said that investors and shoppers must wait until the launch of M&S’s autumn-winter collection because current ranges were chosen by managers and directors he has since replaced.

James McGregor, director of consultancy Retail Remedy, said the results would buy the M&S chief a few more months. “Judgment day for Marc Bolland will come later this year. The buying decisions of the new general merchandise team cannot be assessed until autumn-winter 2013, and the success of the collections they put in store will either save the chief executive or be the final nail in his coffin.”

Analyst Clive Black said: “Given the particularly unfavourable weather for the British rag trade over the last quarter, one could argue that there has been an underlying improvement in performance in general merchandise.

“Whilst such a performance is not a reason to be putting up the bunting, it is moderately pleasing to us.”

M&S will report its annual profits in May and they are expected to fall for the second year running. In 2011, profits declined for the first time in three years, falling by 1% to £705.9m. Shore Capital is forecasting a fall to £629m for the year just ended, rising to £682m in the current year.

Bolland added that more than 50% of extra stock has been bought for key items, after a number of popular lines sold out too quickly last year.

The group’s share of the clothing and footwear market has fallen to 11.1% from 11.5% a year earlier, according to analysts at Kantar Worldpanel.

Despite the problems in general merchandise, the company’s food business has been doing well and benefitted after rivals were caught up in the horsemeat scandal.

Dear Jeremy – your work issues solved

Category : Business

Problems at work? Need advice? Our agony uncle – and readers – have the answer

How do I get useful feedback when my boss underrates me?

I have been at my present company for four years and was employed in a senior position but as a junior compared to my peers. I am in my early 30s and my peers are all in their mid-to-late 40s. Each year we have a performance review, and all employees in the same job group are given a score by their line manager which helps determine bonus and salary increases.

For the past four years I have been given a below average score but I am still assessed to be performing and delivering on expectations. One of my female colleagues in the same team received a much higher score than me this year; I feel that my performance went unnoticed. I confronted my line manager about this and the conversation turned into him asking me questions so that I could self-reflect. He also implied that I should not be “bitter and twisted” about the results and that worrying about it will weigh heavily on me in the future.

What should I do to get some useful feedback on how to improve my performance and/or the perceptions of me in the organisation?

Jeremy says

I can fully understand your sense of frustration. It is bad management on your line manager’s part to be so miserly with his feedback. But I’d strongly advise you not to complain about him. You’d be better advised, at least to start with, to try to understand the underlying reasons for his unhelpfulness.

I’d be pretty sure that he is encouraging you to “self-reflect” in the hope that you’ll come to certain conclusions about your manner and your performance because he’s trying to avoid having to spell them out to you. I

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Maginatics Unveils MagFS 2.0, the Next-Generation of Its Software-Defined Storage Platform

Category : Stocks

MagFS, the World’s First End-to-End Storage Virtualization Platform, Further Improves Performance, Resiliency and Manageability and Adds a Variety of New Enterprise-Grade Features

Read more: Maginatics Unveils MagFS 2.0, the Next-Generation of Its Software-Defined Storage Platform

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Viratech Corp. (VIRA: OTC Pink Current) | Vireatch Announces Agreement For Exclusive License For Wellness Formula That Supports Weight And Metabolism Control

Category : Stocks

VIRATECH ANNOUNCES AGREEMENT FOR EXCLUSIVE LICENSE FOR WELLNESS FORMULA THAT SUPPORTS WEIGHT AND METABOLISM CONTROL

STOCKTON, CALIFORNIA/March

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Norsk Hydro ASA (NHYDY: OTCQX International Premier) | Norsk Hydro annual report 2012: Creating a global winner

Category : World News

“Weakness and uncertainty in the world economy weighs on the aluminium price. When I express my belief in the future of aluminium, it’s because the underlying factors point to continued solid growth in demand for aluminium,” President and CEO Svein Richard Brandtz

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