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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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REMINDER – Hydro’s first quarter results 2013

Category : Stocks, World News

OSLO, NORWAY–(Marketwired – Apr 12, 2013) – Please disregard this reminder should already
have registered to this event.

See the article here: REMINDER – Hydro’s first quarter results 2013

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VIDEO: US economic outlook: Lift for Wall Street?

Category : World News

After recent record breaking highs on Wall Street, last week’s US unemployment figures were a reminder that the country’s economic outlook remains turbulent.

Visit link: VIDEO: US economic outlook: Lift for Wall Street?

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Did OpCapita make money out of Comet? | Nils Pratley

Category : Business

The administrator’s report isn’t conclusive – but something is amiss with the rules when the public purse could be £50m lighter because of the failure of a minor retailer

Did OpCapita and its backers make money from their nine uninspiring months of ownership of Comet? The administrator’s report doesn’t offer a conclusive answer.

The private equity firm and its co-investors will recover £50m but will still suffer a large shortfall.

On the other hand, they appear to have protected their position partly by structuring their purchase of Comet via the use of secured loans; they were also able to charge the retailer for financing and “monitoring” fees.

Business secretary Vince Cable has done the right thing by ordering an investigation. The outcome of the inquiry may be that all was tickety-boo and that OpCapita played by the rules.

If so, maybe it’s the rules that need changing – a possibility hinted at in the Department for Business’ reminder that it is already looking at whether the insolvency framework is “fit for purpose in today’s environment”.

Clearly, something is seriously amiss when the public purse could be £50m lighter because of the failure of a minor retailer.

Aviva’s US troubles date back to 2006

Category : Business

Warning of a sell-off at a ‘substantial discount’ is a reminder that the plan to revitalise Aviva starts with a heavy loss

When executive chairman John McFarlane warns Aviva’s shareholders to prepare to see the US life insurance and annuities business depart soon at a “substantial discount” he undoubtedly means it. The book value is £3.2bn but analysts think the operation won’t fetch much more than £1bn.

Nor do those bald numbers tell the whole painful story. Long-standing Aviva investors will recall that the group’s misadventure in the US was partly funded by raising £900m of equity in 2006 to fund the acquisition of AmerUS for £1.6bn. The share price then was 700p; today it is 333p. Ouch.

Aviva’s disaster in the US has, though, been obvious for years. Two factors prevented Andrew Moss, ousted in the spring as chief executive, from sanctioning a retreat. The official explanation was that the best time to contemplate a sale was when self-help measures had been taken. The unofficial reason was that, as finance director in 2006, he was part of the team that made the original strategic blunder.

New-boy executive chairman John McFarlane carries no historical baggage. But nor does he think there is any point in fiddling around with restructuring plans in the US and waiting for the climate to improve. He deems it better to take the hit on the chin and deploy the diminished pile of capital elsewhere.

That judgment seems correct. Aviva faces so many other challenges – finding £400m of cost-savings is just one of McFarlane’s nine “transformation” programmes – that the US embarrassment is best ended quickly. But the “substantial discount” warning serves as a reminder that the plan to revitalise Aviva starts with a step backwards in the form of a heavy loss.

That explains why, as a recovery story, Aviva is not generating much excitement in the market. McFarlane is doing the right things but the new chief executive, when he or she is finally appointed, still faces a long hard slog.

iSECUREtrac to Release First Quarter 2012 Financial Results

Category : World News

Annual Shareholder Meeting Date Reminder

Read more: iSECUREtrac to Release First Quarter 2012 Financial Results

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A Fair Market Value Update

Category : Stocks

This column originally appeared on Real Money Pro at 7:41 a.m. EDT on April 10.

NEW YORK (Real Money) — I am fine-tuning my S&P 500 fair market value calculation.

As a reminder, my starting point in determining exposure is valuation: My fair market value calculation is based on four different economic scenarios and assigning probabilities to each result.

Link: A Fair Market Value Update

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Gingrich keeps campaigning – and keeps drawing an audience – CBS News

Category : Stocks


Fox News
Gingrich keeps campaigning – and keeps drawing an audience
CBS News
(Credit: Photo/The Wilmington News-Journal, Gary Emeigh) (CBS News) MILLSBORO, Del. – At 7 pm on Thursday, in the back shed of a firehouse, a presidential candidate who continually concedes he's unlikely to capture the Republican nomination held a
Gingrich's sights now set on platform, not nominationAtlanta Journal Constitution
Why Are Republicans Still Turning Out To Rally For Newt Gingrich?National Journal
Reminder: Newt Gingrich Is Still Running for PresidentGawker
Dover Post

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Market action this week is a reminder of how dependent valuations are on central bank policy, writes Mohamed El-Erian. Repeated interventions have distorted price discovery, and even though the rewards are becoming less attractive, "when push…

Category : Stocks, World News

Market action this week is a reminder of how dependent valuations are on central bank policy, writes Mohamed El-Erian. Repeated interventions have distorted price discovery, and even though the rewards are becoming less attractive, “when push comes to shove … we suspect that central banks may ultimately resort yet again to their printing presses.” Post your comment!

See original here: Market action this week is a reminder of how dependent valuations are on central bank policy, writes Mohamed El-Erian. Repeated interventions have distorted price discovery, and even though the rewards are becoming less attractive, "when push…

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Irish flee economic woes for Canada

Category : World News

St. Patrick’s Day is a reminder of all things Irish, including statistics showing the number of temporary foreign workers from Ireland in Canada was up sharply in 2011 from the year before.

Read this article: Irish flee economic woes for Canada

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Bank Stock Rally’s Biggest Enemy (Update 1)

Category : Business, Stocks

Updated to with additional information throughout..

NEW YORK (TheStreet) — Bank of America, Citigroup, Morgan Stanley, Goldman Sachs and JPMorgan have a debt downgrade problem that could put a quick end to their 2012 stock rally.

After a big 2012 share surge for many big financial names, Thursday’s announcement by ratings agency Moody’s that it is reviewing big bank debt will be a harsh reminder to bank stock investors of the pessimism that swept over the sector last year following a string of sovereign and bank debt downgrades.

Click to view a price quote on BAC.

Click to research the Banking industry.

Go here to see the original: Bank Stock Rally’s Biggest Enemy (Update 1)

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