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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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China’s Alibaba in profits surge

Category : World News

Alibaba, China’s biggest e-commerce group, sees its profits nearly tripled, according to a regulatory filing by shareholder Yahoo.

Continued here: China’s Alibaba in profits surge

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Jamie Dimon is under fire

Category : Business, Stocks

Shareholders are pushing JPMorgan’s board to strip Jamie Dimon of his role as chairman. An influential shareholder advisory firm also wants three board members out.

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VIDEO: Buffett’s ‘Woodstock for capitalists’

Category : Business, World News

Legendary US investor Warren Buffett will host his annual shareholder meeting this weekend with almost 35,000 investors in attendance.

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Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTCQX International Premier) | GFNorte´s AGM Proposals´ Update

Category : World News

We are sending an

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Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTCQX International Premier) | GFNorte´s AGM Proposals´ Update

Category : Stocks

We are sending an

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Russian tycoon top of rich list

Category : Business, World News

Tycoon and Arsenal FC shareholder Alisher Usmanov tops the Sunday Times list of the wealthiest people in Britain and Ireland with a £13.3bn fortune.

Link: Russian tycoon top of rich list

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Diamyd Medical AB (DMYDY: OTCQX International) | Information relating to the Extraordinary General Meeting of Diamyd Medical on April 22 regarding the proposed restructuring of the Diamyd Group

Category : World News

Provided that the Extraordinary General Meeting of Diamyd Medical AB to be held on April 22 resolves in favor of the proposed restructuring of the Diamyd Group, after which Diamyd Medical AB will be renamed Mertiva AB, the incoming Board of Directors in the future Mertiva AB plans to appoint Andreas Bergsten as the President at a statutory meeting following the General Meeting. The proposed restructuring entails, among other effects, that the subsidiary Diamyd Therapeutics AB will be distributed to shareholders and the intention is to list the company on NASDAQ OMX First North. The current President of Diamyd Medical AB, Peter Zerhouni, will remain as President of Diamyd Therapeutics AB.

Background to the restructuring
As previously announced in press releases issued on February 18 and March 21, 2013, the summons to an Extraordinary General Meeting was brought about due to an agreement reached by a group of shareholders in Diamyd Medical AB who together represent a majority of the votes and share capital in the company. The agreement entails, among other factors, that the shares in the subsidiary Diamyd Therapeutics AB, which will be capitalized at approximately SEK 50 million and own the existing diabetes operations and the holding in Periphagen, Inc., will be distributed to shareholders. The company will be renamed Diamyd Medical AB. At the same time, the Parent Company will be renamed Mertiva AB. Liquid assets of more than SEK 300 million and the holdings in Protein Sciences Corporation and Mercodia AB will remain in Mertiva AB. The greater part of the liquid assets in Mertiva AB is proposed to be distributed to the shareholders as soon as possible.


Change of President in Diamyd Medical (future Mertiva)

The incoming Board of Directors of the future Mertiva AB plans to appoint Andreas Bergsten as President in a statutory Board meeting following the Extraordinary General Meeting to be held on April 22.
Andreas Bergsten, born in 1967, is currently working as a consultant in the fields of finance and company management and, in his capacity as a consultant, has worked primarily for venture capital firms. In the past, Andreas has served as CFO of four different companies and, prior to this, he was employed at Citigroup, initially as a financial analyst and subsequently as a key account manager. Andreas holds a Master of Science in Business and Economics from the Stockholm School of Economics and the McGill University MBA Program.
The incoming Board of Directors of the future Mertiva AB intends to bring up the issue of moving the company’s listing from NASDAQ OMX Nordic Stockholm to another, unregulated marketplace.


Redemption procedure in Diamyd Medical (future Mertiva) and distribution in kind of Diamyd Therapeutics

As previously announced, the distribution of liquid assets in the future Mertiva AB is proposed to take place by distributing non-restricted equity through voluntary redemption of shares. Shareholders will receive one redemption right per share held and five redemption rights entitle the shareholder to request redemption of one share in the company. For each share redeemed, the shareholder will receive cash payment of SEK 20. The Board of Directors also proposes that the General Meeting approve a dividend in the form of all shares in the wholly owned subsidiary Diamyd Therapeutics AB, whereby three Series A shares in the future Mertiva AB will carry entitlement to one Series A share in the subsidiary and three Series B shares in the future Mertiva AB will carry entitlement to one Series B share in the subsidiary.

Summary of timetable for the redemption procedure and distribution in kind of Diamyd Therapeutics

April 22, 2013
Extraordinary General Meeting in Diamyd Medical. Final day for trading in the Diamyd share, including redemption rights and entitlement to distribution in kind

April 23, 2013

First day of trading in the Diamyd share, excluding redemption rights and entitlement to distribution in kind

April 25, 2013
Record date for receiving redemption rights and entitlement to distribution in kind

April 30 – May 21, 2013
Period of registration to request redemption

April 30 – May 16, 2013

Trading in redemption rights on NASDAQ OMX Stockholm

Around June 14, 2013
Payment of redemption proceeds


Listing of Diamyd Therapeutics (future Diamyd Medical) on NASDAQ OMX First North

As announced earlier, the intention is to make the shares in Diamyd Therapeutics AB available for trading on NASDAQ OMX First North. The first day of trading is expected to be in mid-May 2013. Diamyd Therapeutics AB will be renamed Diamyd Medical AB at the same time as the current Diamyd Medical AB will be renamed Mertiva AB.

Peter Zerhouni, the current President of Diamyd Medical AB (future Mertiva AB) will remain in his position as President of Diamyd Therapeutics AB (future Diamyd Medical AB).

The Board of Directors of Diamyd Therapeutics AB (future Diamyd Medical AB) will initially comprise Anders Essen-M

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SEDONA Corp. (SDNA: OTC Pink No Information) | SEDONA Releases 2012 Financial Results

Category : Stocks, World News

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SEDONA Releases 2012 Financial Results

PR Newswire

KING OF PRUSSIA, Pa., April 17, 2013

KING OF PRUSSIA, Pa., April 17, 2013 /PRNewswire/ –

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Latteno Food Corp. (LATF: OTC Pink Current) | Latteno Food Strengthens Resources & Increases Revenue Projections to Meet Demand Momentum

Category : Stocks

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Latteno Food Strengthens Resources & Increases Revenue Projections to Meet Demand Momentum

States Continue to Enact Favourable Legislation: USA Today Reports “Market Could Quadruple by 2018″

PR Newswire

SANTA ANA, Calif., April 16, 2013

SANTA ANA, Calif., April 16, 2013 /PRNewswire/ –

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Pre-Marketing: Dish goes hostile on Sprint

Category : Business

Dish launches $25 billion bid for Sprint. Also: The dark side of shareholder activisim.

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