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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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On the day of Samsung’s Galaxy event, Apple gets a rare upgrade

Category : Business

BTIG’s Walter Piecyk rates Apple a “buy” for all the wrong reasons.

Originally posted here: On the day of Samsung’s Galaxy event, Apple gets a rare upgrade

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A particularly bleak February for circulations as cover price rises bite

Category : Business

ABC circulation plunging, bad news for the Indy and Guardian, and misery breaking out at the Mail. Roll on, spring

February is usually a lousy month for newspaper circulation managers: too much snow and ice, too many readers diving abroad for a sun or ski break. But February 2013 tells a particularly bleak tale. Total national daily circulation down 8.32% in a year to 8,240,400. The Star and the Sun taking cold baths, 13.19% and 11.63% down respectively. The Independent reporting a walloping 28.56% fall; the Guardian with a 10.37% loss to way below 200,000 – even the Daily Mail finding it heavy going at last and losing 5.97% over 12 months.

There’s one obvious winner, the bounding i – up 12.7%. (Though it’s not so amazing at 20p a throw, especially when you’re shifting over bulk giveaways from the mothership Indy as well.) But the Mirror (down 5.91%), the Telegraph (down 6.52%) and the Times (down a mere 0.94%, though stuffing itself with bulks again) have relative reasons for consolation.

Lessons? An old, old one: cover price rises hurt in an economic crunch. And a new one for the Times: you can be newspaper of the year (at last week’s British Press Awards) and put a smile on that circulation manager’s face if, bizarrely, you ditch the editor who brought you those non-temporary, non-acting good things.

Minera IRL Ltd Appoints New Chief Financial Officer

Category : Stocks

LONDON, UNITED KINGDOM and TORONTO, ONTARIO–(Marketwire – Feb. 28, 2013) - Minera IRL Limited (“Minera IRL” or the “Company”) (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL), the Latin American gold mining company, is pleased to announce that Mr Brad Boland has been appointed Chief Financial Officer (CFO) effective 1 April 2013 replacing Mr Tim Miller who is stepping down for personal reasons.

Link: Minera IRL Ltd Appoints New Chief Financial Officer

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REPEAT-BMO Study: Mutual Funds Are Backbone of Canadians’ RRSPs

Category : Stocks, World News

- Seventy-two per cent of Canadian RRSP holders say their portfolio includes mutual funds

- Mutual funds comprise almost a third of total RRSP holdings

- Canadians cite professional management and ability to diversify as top reasons for choosing mutual funds

- Investors currently favour income-generating mutual funds

Original post: REPEAT-BMO Study: Mutual Funds Are Backbone of Canadians’ RRSPs

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City sackings ‘at five-year high’

Category : Business

Dismissals and suspensions for disciplinary reasons in the UK financial services sector hit a five-year high in 2012, according to data from the City regulator.

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Are electric vehicles too quiet? | Poll

Category : Business

US regulators are preparing new rules to ensure electric and hybrid cars make more noise, for safety reasons. Do you agree it’s a problem?

Link: Are electric vehicles too quiet? | Poll

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Transocean Ltd. Announces Resignation of General Counsel

Category : World News

ZUG, SWITZERLAND–(Marketwire – Oct 23, 2012) – Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that on October 23, 2012, Nick Deeming notified Transocean Ltd. of his resignation as Senior Vice President, General Counsel and Assistant Corporate Secretary for personal reasons. The company expresses its gratitude to Mr. Deeming for his service.

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“It seems like the [factory] sector is stuck in neutral,” says RBS’s Guy Berger. Several reasons are at play. “Japan is going nowhere, Europe is in recession, and we’ve got our own problems,” such as stalemate over tax and spending, says MFR’s…

Category : Stocks

“It seems like the [factory] sector is stuck in neutral,” says RBS’s Guy Berger. Several reasons are at play. “Japan is going nowhere, Europe is in recession, and we’ve got our own problems,” such as stalemate over tax and spending, says MFR’s Josh Shapiro, who reckons the chance of recession in the next year is 50%. 4 comments!

Read more: “It seems like the [factory] sector is stuck in neutral,” says RBS’s Guy Berger. Several reasons are at play. “Japan is going nowhere, Europe is in recession, and we’ve got our own problems,” such as stalemate over tax and spending, says MFR’s…

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Zynga Reports Weak Earnings: Hot Trends

Category : Business, Stocks

NEW YORK (TheStreet) — Popular searches on the Internet include Zynga as the social gaming company reported second-quarter earnings far below expectations.

Zynga reported earnings of 1 cent a share on $332 million in revenue for the quarter, while analysts polled by Thomson Reuters expected the company to report 6 cents a share on $344.85 million in revenue.

Zynga also cut its fiscal-year 2012 forecast to earnings of 4 cents to 9 cents a share, below analysts’ forecasts of 27 cents. Zynga cited a decline in its existing Web games due to a “more challenging environment on the Facebook web platform” as one of the reasons for cutting its forecast. The company depends on Facebook for a significant portion of its revenue. …

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So Marissa Mayer will be skipping maternity leave – how very American

Category : Business

We might not agree with the pregnant Mayer’s decision to work right on through, but her appointment as chief executive of Yahoo is still fantastic news

So three huge cheers to Marissa Mayer, who has just been made chief executive of Yahoo. A 37-year-old female engineer has just taken a top job in an industry seemingly dominated by young men. Hurrah. And she’s six months pregnant. Huge hurrah. But she promises not to take her maternity leave. Harrumph?

“I like to stay in the rhythm of things,” she tells Fortune in the 24 hours between leaving Google and starting at its failing rival. “My maternity leave will be a few weeks long and I’ll work throughout it.” She went on to say that the baby boy, due in October, was “super-active … My doctor says that he takes after his parents”.

The only concession made to her pregnancy is apparently the decision to move the September board meeting from New York to California, which is closer to Mayer’s penthouse suite at the top of a Four Seasons hotel.

Mayer told Yahoo directors shortly after being contacted by headhunters for the top job that she was pregnant. They “showed their evolved thinking” in not once asking her about it.

In the UK and much of Europe, “evolution” on the matter in general means a push towards shared parental leave and more time off. So, although her appointment is fantastic news for many reasons (which I’ll come to later) it conveniently shows the gulf between the US and much of Europe when it comes to the rights of working parents. Even our own, in some ways neanderthal government, has posited opening up the right to a year’s parental leave to both men and women equally. Yet in the US, where women have the right only to 12 weeks’ unpaid leave, progress is often perceived as a woman giving birth while signing off on an acquisition and sacking a few hundred staff members.

Mayer’s appointment also comes after Anne-Marie Slaughter, a former director of policy planning at the state department, reopened the hoary debate with a piece in Atlantic magazine in which she regretted a career that had taken her away from her children.

Sylvia Ann Hewlett, the president of the Centre for Talent Innovation and author of the War against Parents criticised the piece and wrote that paid parenting leave wasn’t “even on the Democratic agenda” this election season, which it was 15 years ago. “Like it or not, the country has moved to the right, and the idea that we’re about to pass legislation that will subsidise quality childcare or lengthen the school day is so much pie in the sky.” Hewlett points out that a recent survey cited by Hewlett showed that 41% of women in professional full-time jobs are childless.

Of course, you will all be saying, quite rightly, that the issue of paid parental leave has nothing whatsoever to do with Mayer. As Google’s 20th employee, she is already fabulously wealthy and able to pay for her own army of childcarers.

The reasons to cheer her appointment really do outweigh the message she is sending about child-weaning and ambition. As CEO, she also has flexibility written into her job description. And given the fact that she joins just 18 women heading companies in the Fortune 500, she is living the “step up to the plate even when about to drop” message expounded by many of the US’s top female role models – well, Sheryl Sandberg at Facebook, mainly.

She is also that rare creature, a high-flying female engineer. The latest figures from the Computing Research Association Taulbee Survey suggest that less than 12% of computer science degrees were awarded to women in 2010-11.

In an interview six years ago, Mayer said that Google was “a great place for geeks: male or female … If you get excited about programming light strings at the weekends and working all hours, then it’s a fabulous place to be.”

Mayer has also talked extensively about her need for just four to six hours of sleep a night – she catches up by taking week-long vacations every four months, apparently. “I don’t believe it’s true that you burn out sooner or later if you work 80 hours a week, as long as you keep the thing that’s important to you sacred.”

She may boast of a work rate that frankly makes me feel ill, but it’s still hard not to cheer Marissa Mayer. Don’t you think?