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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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Credit Suisse (CS) could be liable for over $2B worth of damages for a $2.9B fraud at National Century Financial Enterprises – which collapsed in 2002 – District Judge James Graham has ruled. National Century’s noteholders are suing CS, arguing that…

Category : World News

Credit Suisse (CS) could be liable for over $2B worth of damages for a $2.9B fraud at National Century Financial Enterprises – which collapsed in 2002 – District Judge James Graham has ruled. National Century’s noteholders are suing CS, arguing that as placement agent, it should have know about the fraud. 8 comments!

The rest is here: Credit Suisse (CS) could be liable for over $2B worth of damages for a $2.9B fraud at National Century Financial Enterprises – which collapsed in 2002 – District Judge James Graham has ruled. National Century’s noteholders are suing CS, arguing that…

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Apple showed lack of integrity in Samsung dispute, says judge

Category : Business

Appeal court judge says Apple published ‘false and misleading’ material after order to acknowledge legal defeat

A senior judge has criticised Apple again in the latest round of a legal row between the iPad maker and rival Samsung.

Sir Robin Jacob said Apple had published “false and misleading” material, and suggested the firm had shown a “lack of integrity” by saying staff would need two weeks to make “minor changes” to the company website.

This month the court of appeal ruled against Apple after Samsung complained about a notice Apple posted online acknowledging defeat in a design dispute at the high court. Samsung said Apple had added an account of court proceedings in Germany and the US which was “inaccurate and misleading”.

Three judges – Jacob, Lord Justice Longmore and Lord Justice Kitchin – agreed that the statement did not comply with a court order and said Apple should post another statement. On Friday they gave their written reasons.

“What Apple added was false and misleading,” Sir Robin said in the written decision. “There is a false innuendo that the UK court’s decision is at odds with decisions in other countries whereas that is simply not true.”

He said Apple had asked for two weeks to post a new notice. “I found that very disturbing: that it was beyond the technical abilities of Apple to make the minor changes required to its own website in less time beggared belief. In end we gave it 48 hours which in itself I consider generous.

“We said the time could be extended by an application supported by an affidavit from a senior executive explaining the reasons why more was needed. In the event no such application was made.”

The judge added: “I hope that the lack of integrity involved in this incident is entirely atypical of Apple.” Lord Justice Longmore and Lord Justice Kitchin said they agreed.

In July the high court ruled that the Samsung Galaxy Tab was not “cool” enough to be confused with Apple’s iPad, and that three Galaxy models did not infringe Apple’s registered design. Last month Apple failed to overturn that ruling in the appeal court, and on 26 October it published the notice of defeat.

At the hearing of Samsung’s complaint on 1 November, Longmore told a lawyer representing Apple: “We are just amazed that you cannot put the right notice up at the same time as you take the other one down.” Jacob added: “I don’t believe the instructions you have been given. This is that Apple cannot put something on their own website?”

US Fed hints at further measures

Category : World News

The head of the US central bank, Ben Bernanke, says that he has not ruled out further action to boost the US economy.

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The jury handling the Apple-Samsung trial has begun reading its verdict. Thus far, over a dozen Samsung (SSNLF.PK) devices have been ruled to be infringing on multiple Apple (AAPL) patents. One patent covers scrolling, and another multi-touch…

Category : World News

The jury handling the Apple-Samsung trial has begun reading its verdict. Thus far, over a dozen Samsung (SSNLF.PK) devices have been ruled to be infringing on multiple Apple (AAPL) patents. One patent covers scrolling, and another multi-touch gestures. (live blog) 16 comments!

Visit link: The jury handling the Apple-Samsung trial has begun reading its verdict. Thus far, over a dozen Samsung (SSNLF.PK) devices have been ruled to be infringing on multiple Apple (AAPL) patents. One patent covers scrolling, and another multi-touch…

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More on the Apple-Samsung verdict: Samsung (SSNLF.PK) has been ruled guilty of infringing additional Apple (AAPL) patents via more than a dozen devices. The jury has also ruled Samsung’s infringement of 5 patents was willful (could produce multiple…

Category : World News

More on the Apple-Samsung verdict: Samsung (SSNLF.PK) has been ruled guilty of infringing additional Apple (AAPL) patents via more than a dozen devices. The jury has also ruled Samsung’s infringement of 5 patents was willful (could produce multiple damages), that its parent company induced subsidiaries to infringe, and that none of Apple’s patents are invalid. One minor win for Samsung: the Galaxy Tab is deemed innocent of copying the iPad’s design. (live blog) 22 comments!

Follow this link: More on the Apple-Samsung verdict: Samsung (SSNLF.PK) has been ruled guilty of infringing additional Apple (AAPL) patents via more than a dozen devices. The jury has also ruled Samsung’s infringement of 5 patents was willful (could produce multiple…

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Australia court backs new tobacco laws

Category : World News

High court has ruled in favour of government’s law on mandatory plain packaging for cigarettes in the country.

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Tchenguiz warrants ruled unlawful

Category : World News

Search warrants issued to the Serious Fraud Office as part of their investigations into two high-profile businessmen are ruled unlawful by the High Court.

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Favourite turns down Barclays job

Category : Business, World News

Sir Michael Rake, deputy chairman of Barclays, has ruled himself out of the running to become chairman of the under-fire bank.

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Vulture fund’s claim is blocked

Category : Business

The Privy Council has ruled that a “vulture fund” cannot collect $100m from the Democratic Republic of Congo following a Newsnight investigation.

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Bank of America’s Moynihan May Head Back for Countrywide Testimony

Category : Stocks

NEW YORK (TheStreet) — Bank of America CEO Brian Moynihan had so much fun giving sworn testimony about the bank’s disastrous 2008 acquisition of Countrywide Financial to attorneys for MBIA, he appears to be angling for a chance to do it again.

MBIA is suing Countrywide for fraud and breach of contract related to 15 mortgage securities, a case that is being watched closely since Bank of America still has untold billions on the line in related cases. Bank of America CEO Brian Moynihan has repressed his memories of the disastrous acquisition of Countrywide

New York State Supreme Court Judge Eileen Bransten ruled in April that Moynihan would have to give testimony to attorneys for MBIA. Though Moynihan became Bank of America’s CEO after the Countrywide deal had been completed, he played an important role in overseeing the integration of the two companies. …

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