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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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How to solve the bank capital Goldilocks question

Category : Stocks

Brown-Vitter and other efforts to boost bank capital are misguided. Capital cushions provide a false sense of security.

Read the rest here: How to solve the bank capital Goldilocks question

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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.

ALAS International Holdings, Inc. (VDSC: OTC Pink Limited) | PV Enterprises International, Inc. Enters Into Charter and Logistics Contract with Fortune 100 Company.

Category : Stocks

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PV Enterprises International, Inc. Enters Into Charter and Logistics Contract with Fortune 100 Company.

PR Newswire

FORT LAUDERDALE, Fla., April 1, 2013

FORT LAUDERDALE, Fla., April 1, 2013 /PRNewswire/ –

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Laura Ashley accused over suppliers

Category : Business

Retailer Laura Ashley denies squeezing its suppliers and says it is looking to provide products at the “right price”.

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Laura Ashley accused over suppliers

Category : World News

Retailer Laura Ashley denies squeezing its suppliers and says it is looking to provide products at the “right price”.

Link: Laura Ashley accused over suppliers

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MoD flies 1m euros to Cyprus

Category : Business, World News

The MoD sends 1m euros (£850,000) to Cyprus from Britain as a “contingency measure” to provide military personnel with emergency loans.

See more here: MoD flies 1m euros to Cyprus

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Stocks: Housing and manufacturing are in focus

Category : Business, Stocks

Investors head into the shortened trading week where a fresh batch of data that will provide clues on how key sectors of the economy are performing.

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Verimatrix Chosen to Secure Russia’s Largest and Most Popular Free Internet Service Ivi.ru

Category : Stocks

VCAS for Internet TV to Provide Multi-Screen Security for Expanding Library of Premium OTT Content

Read the rest here: Verimatrix Chosen to Secure Russia’s Largest and Most Popular Free Internet Service Ivi.ru

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G4S ‘close to Games settlement’

Category : Business, World News

The firm that failed to provide enough security guards for the Olympics is close to agreeing a compensation deal, the BBC learns.

Excerpt from: G4S ‘close to Games settlement’

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Touch Down! Market Watchers Hope to Score Financial Advice From the Super Bowl Outcome

Category : Stocks, World News

Super Bowl Indicator has predicted stock market trends almost 80 per cent of the time

- BMO experts available to provide investing strategies for RRSP season…and beyond

Originally posted here: Touch Down! Market Watchers Hope to Score Financial Advice From the Super Bowl Outcome

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