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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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Beijing snubs Tokyo: PBOC Governor Zhou Xiaochuan will skip this week’s IMF annual meeting in Japan where he was scheduled to give a keynote speech. The two countries remain embroiled in a territorial dispute that’s gone way beyond a war of words -…

Category : Stocks, World News

Beijing snubs Tokyo: PBOC Governor Zhou Xiaochuan will skip this week’s IMF annual meeting in Japan where he was scheduled to give a keynote speech. The two countries remain embroiled in a territorial dispute that’s gone way beyond a war of words – see Japan’s plummeting Chinese auto sales. 2 comments!

Read more: Beijing snubs Tokyo: PBOC Governor Zhou Xiaochuan will skip this week’s IMF annual meeting in Japan where he was scheduled to give a keynote speech. The two countries remain embroiled in a territorial dispute that’s gone way beyond a war of words -…

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In praise of … Black Wednesday | Editorial

Category : Business

The pound’s plummeting 20 years ago proved to be a gift in disguise

It did for John Major, just as earlier devaluations had done for prime ministerial predecessors such as Harold Wilson, who had also made a virility symbol out of the currency. But the pound’s plummeting on what became known as Black Wednesday, 20 years ago, proved to be a gift in disguise. Memories fix on chancellor Norman Lamont’s ill-advised confession that the event left him singing in the bath, on snaps of the young special adviser at his side, which gave Britain its first glimpse of David Cameron, and on reports about billions being lost in doomed trading attempts to salvage sterling. But those billions were trivial next to the sudden flexibility to slash interest rates, and the terrific boost that industry got when products priced in pounds suddenly became bargains in Deutschmarks or dollars. If only the eurozone’s stricken south had the freedom to answer today’s “black swan” events with a Black Wednesday of its own.

American Capital Agency ([[AGNC]] -3.3%) experiences a flash crash, plummeting 11% in the opening seconds of trade on volume of 5.7M shares (normally trades about 100K in the first 2 minutes). One wonders if any stops got triggered.

Category : World News

American Capital Agency (AGNC -3.3%) experiences a flash crash, plummeting 11% in the opening seconds of trade on volume of 5.7M shares (normally trades about 100K in the first 2 minutes). One wonders if any stops got triggered. Post your comment!

See the original post here: American Capital Agency ([[AGNC]] -3.3%) experiences a flash crash, plummeting 11% in the opening seconds of trade on volume of 5.7M shares (normally trades about 100K in the first 2 minutes). One wonders if any stops got triggered.

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The Real ‘Goldilocks Economy,’ Part III

Category : Business, Stocks

NEW YORK (TheStreet) — In Parts I and II, we first looked at what a Goldilocks economy is not, then we broke down the actual characteristics of a Goldilocks economy. But what does Goldilocks herself really look like?

She looks like the the Middle class.

As everyone knows, the entire Goldilocks fable centers around her entrance to the domicile of the Three Bears, and her quest for balance: not “too hot,” not “too cold,” but “just right.” And so it is with the Middle class. It inherently epitomizes this Goldilocks concept, and thus it is by no means a coincidence that the Middle class has dwindled to a minority at precisely the same time our economies are plummeting toward total collapse and bankruptcy. …

See the article here: The Real ‘Goldilocks Economy,’ Part III

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Nokia (NOK) has fixed a software bug that caused its Lumia 900 smartphone – which went on sale last week in the U.S. – to occasionally lose its data connection. Now to fix Nokia’s plummeting market share, revenues, stock price and overall value…

Category : Stocks

Nokia (NOK) has fixed a software bug that caused its Lumia 900 smartphone – which went on sale last week in the U.S. – to occasionally lose its data connection. Now to fix Nokia’s plummeting market share, revenues, stock price and overall value destruction… Post your comment!

Follow this link: Nokia (NOK) has fixed a software bug that caused its Lumia 900 smartphone – which went on sale last week in the U.S. – to occasionally lose its data connection. Now to fix Nokia’s plummeting market share, revenues, stock price and overall value…

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Noda fate in doubt, just six months on

Category : World News

The political environment has become increasingly harsh for Prime Minister Yoshihiko Noda, with the focus on whether he will soon dissolve the Lower House for a snap election to achieve his prized policy goal of raising the consumption tax.
Only six months have passed since Noda assumed office Sept. 2, but the outlook for his administration is gloomy. The Cabinet’s approval ratings have been plummeting and many lawmakers, including members of his Democratic Party of Japan, are opposed to the planned tax hike.

Excerpt from: Noda fate in doubt, just six months on

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