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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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New Look could close up to 100 shops

Category : Business

Chairman Alistair McGeorge says fashion retailer will consider closures in areas where it has two stores

Fashion retailer New Look could close up to 100 stores over the next three years unless it can strike better deals with landlords.

Its chairman, Alistair McGeorge, said only a handful of its near 600 UK outlets were unprofitable but it would consider closures where it made financial sense such as in locations where it had two shops. In recent years it has been opening larger branches and McGeorge said its ideal footprint was 450-500 stores albeit covering the same amount of total space.

The former Matalan chief executive was parachuted in to lead a turnaround of the private equity-backed chain last year and has focused on cutting costs and overhauling ranges which were “too young” and had alienated shoppers. It has also been refurbishing stores with sales at the 62 shops that have received a makeover 10% higher than untouched outlets. McGeorge acknowledged its more than £1bn debt pile remained the elephant in the room but was hopeful it could “find a way” to pull off a refinancing within 18 months.

UK like-for-likes were down 3.1% in the six months to 22 September but that was a pickup from last year when sales slumped 5.7%. The retailer, which made a first half loss of £13.6m, expects to return to the black at the full-year stage, drawing a line under a two-year hiatus which culminated in a £54.5m loss in the year to 24 March.

VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased by 30 to 785. A lack of "mega-deals" (Yammer’s $85M round was Q1′s largest deal) kept a lid on funding levels, but seed funding (sub-$1.5M deals)…

Category : Stocks, World News

VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased by 30 to 785. A lack of “mega-deals” (Yammer’s $85M round was Q1′s largest deal) kept a lid on funding levels, but seed funding (sub-$1.5M deals) hit a new record. Going forward, Facebook/Instagram is expected to produce a pickup in funding for mobile startups, which totaled $435M in Q1. (previous) Post your comment!

Read the original here: VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased by 30 to 785. A lack of "mega-deals" (Yammer’s $85M round was Q1′s largest deal) kept a lid on funding levels, but seed funding (sub-$1.5M deals)…

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Mazda to halt corporate vehicle line

Category : World News

Mazda Motor Corp. is planning to cease manufacturing vehicles for businesses so it can concentrate its assets on producing environmentally friendly cars, industry sources said Saturday.
The carmaker plans to stop producing the Bongo pickup and minivan for corporate use in the second half of this decade at the earliest, as demand for the models has slowed, the sources said.

Read more: Mazda to halt corporate vehicle line

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Taiwanese notebook component suppliers are reportedly seeing a pickup in demand ahead of Q2 product launches – a positive datapoint for the PC industry, given Taiwan’s huge share of global notebook manufacturing. A report earlier this week noted…

Category : World News

Taiwanese notebook component suppliers are reportedly seeing a pickup in demand ahead of Q2 product launches – a positive datapoint for the PC industry, given Taiwan’s huge share of global notebook manufacturing. A report earlier this week noted expectations of 10% Q/Q shipment growth for Q2 among both notebooks OEMs and component suppliers, in spite of recent industry weakness. Post your comment!

Go here to read the rest: Taiwanese notebook component suppliers are reportedly seeing a pickup in demand ahead of Q2 product launches – a positive datapoint for the PC industry, given Taiwan’s huge share of global notebook manufacturing. A report earlier this week noted…

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International Bestselling Author Neil Strauss Releases New Party Game with Hasbro Game Inventor Thanks to Facebook – "Who’s Got Game?" is the Ultimate Party Game with ‘Game!’

Category : World News

Seven-time New York Times bestselling author Neil Strauss, the mastermind behind the international bestselling pickup artist books The Game and Rules of the Game, is back with one question in mind: “Who’s Got Game?”.

Read more here: International Bestselling Author Neil Strauss Releases New Party Game with Hasbro Game Inventor Thanks to Facebook – "Who’s Got Game?" is the Ultimate Party Game with ‘Game!’

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