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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to 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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Canadian Oilfield Solutions Corp. Announces Suspension of Trading

Category : Stocks

CALGARY, ALBERTA–(Marketwired – April 26, 2013) – Further to its press release of April 25, 2013, Canadian Oilfield Solutions Corp. (the “Corporation“) (TSX VENTURE:OTS) announces that TSX Venture Exchange (the “Exchange“) has suspended the trading of the Corporation’s common shares on the Exchange as a result of a cease trade order (“CTO“) issued by the Alberta Securities Commission on April 25, 2013. A copy of the Exchange bulletin can be obtained from the Exchange’s website at Reinstatement to trading can occur only when the CTO is revoked and the Exchange has concluded its reinstatement review to ensure the Corporation has satisfactorily complied with Exchange requirements.

Original post: Canadian Oilfield Solutions Corp. Announces Suspension of Trading

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Norsk Hydro ASA (NHYDY: OTCQX International Premier) | Norsk Hydro : Notice of Annual General Meeting 2013

Category : World News

Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company’s head office at V

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Helijet Grants Options

Category : World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 1, 2013) - Helijet International Inc. (TSX VENTURE:HJI) (the “Company”) as previously disclosed in its quarterly disclosure MD&A, Helijet has granted an aggregate of 1,566,400 common share purchase options (“Options”) to employees and management which have a ten year term until September 1, 2022, and of which 311,200 were granted to insiders. All of the Options have an exercise price of $0.10 per share and have vesting requirements over a one year period from September 1, 2012.

Excerpt from: Helijet Grants Options

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Victory Nickel Announces Loan Agreement

Category : Stocks, World News

Proceeds to Fund General Working Capital Requirements

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Commander Reports Progress on Storm Copper Property, Nunavut

Category : Stocks, World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 18, 2013) - Commander Resources Ltd. (TSX VENTURE:CMD) (“Commander”) is pleased to report that Aston Bay Ventures Ltd. (“Aston Bay”), who optioned Commander’s wholly-owned Storm Property in 2011, is making progress in obtaining a public listing, which is one of the requirements of the Option and Earn-in Agreement between Commander and Aston Bay dated November 17, 2011 (“Option Agreement”).

Read the original post: Commander Reports Progress on Storm Copper Property, Nunavut

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FTSE falls for first time this year as profit takers move in, but banks benefit from capital changes

Category : Business

Weekend announcement from Basel committee to ease liquidity requirements lifts banking sector

As the first full trading week in 2013 began, investors decided to cash in some of the gains made in last week’s rally.

But despite the FTSE 100 suffering a bout of profit taking, banking shares were heading higher after winning concessions from regulators over the amount of capital they must hold.

They have been given four more years to build up their cash buffers against another Northern Rock-style collapse, as well as being granted more flexibility over the range of assets they can include, the Basel committee of banking supervisors announced on Sunday. Gary Greenwood at Shore Capital said:

UK banks had already built up very strong liquidity buffers over recent years in response to local regulatory pressure and, as such, were well positioned to meet the original requirements. Indeed their position had become so strong that the UK regulator recently relaxed its own liquidity requirements for UK banks in a bid to boost lending. As such, we think the extended timeframe will not have a significant incremental impact on them. However, the change in asset eligibility should allow UK banks to hold more higher margin liquid assets, thereby bolstering profitability and return on equity.

Overall the relaxation of Basel III liquidity rules will be helpful to UK banks in terms of their ability to lend and their profit generation capability, in our view.

So Barclays was 10.5p better at 287.2p, the biggest riser in the leading index, while Lloyds Banking Group was lifted 0.64p to 50.5p and Royal Bank of Scotland rose 0.1p to 333.9p.

Overall though, after touching a near two year high last week, the FTSE 100 finished 25.26 points lower at 6064.58. Angus Campbell, head of market analysis at Capital Spreads, said:

Banking stocks were in demand today following the postponement of the Basel liquidity rules despite a small sell off in the wider market. It is certainly a sigh of relief for the banks who’ve been worrying for years about the impending implementation of stricter capital requirements and is actually quite encouraging for the wider economy as it should improve the flow of credit to businesses and consumers.

But with many investors back from their long festive holiday, it was the turn of the bears to bring a little reality check to what has so far been a very strong start to the year for equity markets.

Analyst downgrades were responsible for a number of fallers. National Grid led the FTSE fallers, down 17p to 694p as Deutsche Bank repeated its sell recommendation although it raised its target price from 580p to 600p:

We believe National Grid will be required to give up part of its dividend or growth expectations in 2013.

Commodity companies across the board came under pressure, with Randgold Resources down 100p to £58.75 as precious metal prices fell and Davy Research cut its price target on the company from £83.40 to £82.30.

Elsewhere Rolls-Royce lost 13.5p to 904.5p after further corruption allegations while Centrica closed 7.1p lower at 333.9p after reports that the managing director of its British Gas subsidiary was to step down.

But British American Tobacco added 19.5p to £31.94 after Deutsche Bank moved from hold to buy, while the bank was also positive on Imperial Tobacco, up 11p to £24.54. It said:

Though BAT and Imperial made good underlying progress during 2012, the stocks came under pressure from an increased investor focus on regulatory matters. Now that plain packaging is a fact in Australia, and the main elements of proposed EU changes are known, we think important overhangs should clear. Imperial Tobacco, where we see signs that an increased focus on organic growth is starting to work, remains our top pick. We also upgrade our recommendation on BAT to buy (with a price target of £33) as we consider the current price an solid entry point to a high-quality stock.

Morrisons lost 0.8p to 256.1p as it reported a 2.5% fall in Christmas sales, but managed to avoid a feared profits warning.

ITV ended 1.1p higher at 109.6p after Liberum Capital lifted its share price target from 145p to 155p and its earnings forecast for this year and next by around 5% and 8% respectively. Analyst Ian Whittaker said:

Significant 2013 earnings growth [is] already in the bag. Even with no TV advertising growth and £20m of extra investments, ITV should see an estimated £80m uplift in adjusted pretax profit growth in 2013 from further efficiencies, savings in sports rights and interest costs already secured and higher profit contribution from non-TV advertising sources.

ITV should benefit from the Group M/Channel 4 dispute. WPP’s Group M unit (which is the umbrella unit for all of WPP’s media buying) has pulled virtually all of its direct advertising from ITV’s main rival Channel 4 over a dispute over pricing. As ITV1 (and ITV Family in general) is Channel 4′s main rival for mass market audiences, we expect ITV to be a major beneficiary of the dispute. To put in context, Group M spends an estimated £300m annually with Channel 4 sales.

Among the mid-caps Bumi Resources, the Indonesian coal miner in the middle of an internecine battle, bounced 19.8p to 288.5p despite saying weak prices had forced it to cut back spending plans. It said Berau, which will be its main subsidiary once the founding Bakrie family exits the business, was on track to reach 21m tonnes in 2012 with a 30m tonne target in the medium term. Meanwhile financier Nat Rothschild continued his dispute with the Bakrie family by calling for a general meeting to remove 12 of the 14 current directors. Bumi said it had no obligation to call such a meeting but would do so to allow shareholders to make their own minds up.

Engineering group Renishaw, a supplier to Apple, fell 72p to £19.50 after UBS moved its recommendation from buy to neutral. The bank said:

We think Renishaw’s machine tools have been a beneficiary of Apple’s latest product developments, specifically the re-modelled iPhone and iPad. Equipping Apple with the required tooling has been a boon for Renishaw but this activity is lumpy and we suspect Renishaw enters a ‘quiet’ period between product cycles. This may make it difficult to repeat the 15% plus upgrades seen in 2012 in our view.

Having been the best performer in UK capital goods in 2012 we think Renishaw’s shares may struggle to make further ground without clarity on its end-markets. We find judging momentum at Renishaw more difficult than normal. On balance, we think the absence of further electronics project orders in the near term will outweigh the potential broad-based improvement in industrial demand that may be seen elsewhere in sector. We downgrade to neutral but this is one to revisit later.

Soft drinks group Nichols, best known as the maker of Vimto, bubbled up 33p to 858p after it said full year sales had risen 9% to £108m. The company, which is also behind Sunkist and Panda, said profits and earnings for the year would be ahead of market expectations. Investec raised its target price from 725p to 800p, saying:

The group has continued to drive distribution of the core Vimto brand, as well as successfully launch a range of WeightWatchers soft drinks which has added around £2m to UK revenue.

Investec said the company’s shares were likely to have benefited from takeover speculation following the recent merger announcement from rivals Britvic and AG Barr.

Finally oil and gas company Ruspetro slumped 15.5p to 68p after a late update on Friday, after the market had closed. The company warned of production delays due to unexpected technical problems at its West Siberian sites.

What You Need to Know About Balance Transfers

Category : Stocks

LEEDS, UNITED KINGDOM–(Marketwire – Jan. 3, 2013) - Competition is heating up in the world of balance transfers with more and more cards emerging onto the market offering 0% interest deals. Now borrowers can choose from an even wider range of deals, however, it might be worth knowing your exact requirements before committing to a card.*

Read the original here: What You Need to Know About Balance Transfers

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Category : Stocks, World News


November 28, 2012

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Category : World News

Last Friday OTC Markets placed a Caveat Emptor on our stock due to association with a former director. We have been in contact with OTC Markets and are in the process of meeting their compliance requirements. John Stanton resigned from all position in the Company on August 28, 2012.

See the article here: Rounder, Inc. (RNDR: OTC Link) | COMPLIANCE WITH OTC MARKETS

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AMD Introduces Industry’s Most Powerful Server Graphics Processors

Category : World News

New AMD FirePro(TM) S9000 and S7000 Are Designed to Be Versatile and Scalable to Meet Multiple Data Center Deployment Requirements

Originally posted here: AMD Introduces Industry’s Most Powerful Server Graphics Processors

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