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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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UK housing market ‘shows sales lift’

Category : Business, World News

UK house sales hit their highest level in more than two-and-a-half years in February, but the figures do not signal a housing boom, surveyors say.

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Alcoa kicks off earnings season

Category : Business, Stocks

The Dow component’s results typically signal the start of earnings season.

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Asia’s Manufacturing Slump Deepens – Wall Street Journal

Category : Stocks


Business Recorder
Asia's Manufacturing Slump Deepens
Wall Street Journal
By ARRAN SCOTT SINGAPORE—Asia's manufacturing downturn deepened in August as China weakened sharply, adding to pressure on governments and central banks to do more to prevent a sharper slowdown caused by flagging demand from Western markets.
China factory surveys signal economic growth stays soft in third-quarterReuters
Chinese manufacturing hits three-year lowTelegraph.co.uk
China Manufacturing Contracts by Most Since 2009Businessweek
Washington Post

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Bernanke: Fed will do more to assist economy – Detroit Free Press

Category : Stocks


USA TODAY
Bernanke: Fed will do more to assist economy
Detroit Free Press
JACKSON HOLE, Wyo. — Chairman Ben Bernanke sent a clear message Friday that the Federal Reserve will do more to help the still-struggling US economy. His remarks seemed to leave two questions: What exactly will the Fed do? And when?
Stocks up after Bernanke speaksAlbany Times Union
Bernanke Defends Bond Purchases in Signal of More Fed EasingBloomberg
Bernanke: With unemployment high, Fed can do moreNewsOK.com
Boston Globe

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Why this month’s good jobs news won’t last

Category : Stocks

A rising unemployment rate and the fiscal cliff signal slower job growth in the months ahead.

The rest is here: Why this month’s good jobs news won’t last

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Central Banks Search Toolbox for Ideas as Growth Slows – Businessweek

Category : Stocks


Telegraph.co.uk
Central Banks Search Toolbox for Ideas as Growth Slows
Businessweek
By Simon Kennedy and Rich Miller on July 26, 2012 Central banks are digging deeper into their tool kits in search of innovative ways to unclog bank lending and keep a weakening world economy afloat. With the fifth anniversary of the financial crisis
Draghi sends strong signal that ECB will actReuters
Mario Draghi Comments Lift StocksWall Street Journal
Oil Rises for Third Day on US Economy, Euro PledgeBloomberg
CNN

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Ed Miliband to join centre-left summit hosted by François Hollande

Category : Business

Labour leader says that the French president had agreed ‘in principle’ to the meeting during face-to-face talks

Labour leader Ed Miliband will join EU centre-left leaders at an autumn summit hosted by French Socialist president François Hollande to discuss measures to create jobs and growth in Europe.

Miliband said Hollande had agreed “in principle” to the meeting during face-to-face talks on Tuesday morning after the Labour leader became the first senior British politician to be invited for talks at the Elysée Palace since Hollande became France’s first leftwing president in 17 years in May.

Speaking to journalists on his trip back to London on the Eurostar following a 24-hour visit to Paris packed with meetings, the Labour leader said the 35-minute session with Hollande involved discussions on the economy, the “emergency situation” in youth unemployment, Syria, and the prospect of the Tour de France coming to Yorkshire in future years for its Grand Depart.

With Hollande now in power, the “tide was turning” against an austerity approach, and Miliband said he agreed with the president in seeking to lead the debate to find a “different way forward”.

Miliband said he and Hollande enjoyed a “good relationship” and appreciated the warm hospitality he had received, which resulted in firming up the idea of an autumn gathering of centre left leaders , “hopefully in Paris”, to chart the economic course forward.

Miliband said Hollande had first raised the idea in their first phone call after he won the presidential race and discussed it further at their meeting.

“I think that’s a sign that he [Hollande] recognises the challenges that we face as countries are so great that we need to learn from each other, work with each other, and collective austerity is not working, ” said Miliband. “I think the tide is turning on that – but we need greater co-operation for jobs and growth, and whether you’re in government or out of government I think there are lots of ideas and important issues you have to work on together.”

Miliband swiped away what he described as a “Camerkozy formula” – the austerity drive pursued by David Cameron, German chancellor Angela Merkel, and Hollande’s ousted predecessor, Nicola Sarkozy – and insisted that there is a “growing sense” that austerity is not working and a different course is needed.

He described Cameron as “isolated”, “discredited” and bereft of much influence in Europe, both because of the policies his coalition government is pursuing, and moves such as his 2009 decision to remove his party’s MEPs from the centre-right European People’s party (EPP) in the European parliamentand and the veto he used last December to block a new EU-wide treaty.

Miliband also claimed that other political leaders in Europe were finding it difficult to understand Britain’s position on Europe under the Conservative prime minister’s leadership.

“He certainly has very little influence in Europe because of all the stuff that he’s done,” said Miliband. “The veto that wasn’t. All the fun and games of leaving the European People’s party – all of that. I don’t think he’s got much credibility in Europe frankly but he’s partly not got credibility because of the stuff he’s done, but also because his position doesn’t seem to answer any of the challenges of the time.”

On the attitude towards the Britain’s position relayed to him by colleagues from across the channel, Miliband said: “Some people are quite bemused I think by Britain’s position. They don’t really understand what Britain is arguing for … I think the worrying signal that might be sent is the idea that we really do want to exit the EU now – and we don’t want to send that signal”.

The Labour leader, accompanied by shadow foreign secretary Douglas Alexander and officials, made his comments after meeting with France’s finance minister Pierre Moscovici on Monday night and with prime minister Jean-Marc Ayrault, and the Socialist’s secretary-general, Martine Aubry on Tuesday morning.

After his talks with Hollande, Miliband addressed the Socialist group on the national assembly and was applauded when he said that Britain’s place is “firmly in Europe”.

“I want to say very, very clearly that we consider Britain’s place to be in Europe and firmly in Europe,” he told the audience. But he went on to state that the test for centre-left Europeans was how to reform Europe so that it “works for people” and becomes “fairer”.

Speaking later, Miliband said he was making clear his own opposition to Britain pulling out of Europe amid “mixed signals” from the UK government.

“We are massively dependent on jobs and prosperity for the market. There is a danger that we get mixed signals from the government about whether – putting aside the question of a referendum – whether they want to be in or out of the union. I think those are dangerous mixed signals. The fact that you have a significant proportion of the Conservative party that thinks that’s an OK thing to advocate – that’s why I drew the parallel with the 80s. That was the position the Labour party held thirty years ago and I think that was a pretty bad position.”

In a further sign of the developing warmth between the two centre-left politicians, the French president overruled the advice of officials that opposition leaders should be greeted in private, and insisted on coming to the steps of the Elysée Palace to shake Miliband’s hand in front of the cameras.

It stands in marked contrast to the president’s prickly relationship with Cameron, following the British PM’s refusal to meet with Hollande when he visited London earlier this year during the presidential election campaign.

The impression that Hollande was subjected to a snub by Cameron was strengthened when it emerged that Cameron will meet US Republican presidential hopeful Mitt Romney this week.

6 High-Volume Stocks With Relative Strength

Category : Business

WINDERMERE, Fla. (Stockpickr) — Professional traders running mutual funds and hedge funds don’t just look at a stock’s price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in volatility.

Major moves in volume can signal unusual activity, such as insider buying or selling — or buying or selling by “superinvestors.”

>>5 Stocks Poised for Breakouts …

Click to view a price quote on SNDK.

Click to research the Computer Hardware industry.

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7 High-Volume Stocks With Relative Strength

Category : Business

WINDERMERE, Fla. (Stockpickr) — Professional traders running mutual funds and hedge funds don’t just look at a stock’s price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in volatility.

Major moves in volume can signal unusual activity, such as insider buying or selling — or buying or selling by “superinvestors.”

>>5 Stocks Poised to Pop on Bullish Earnings …

Click to view a price quote on OSUR.

Click to research the Health Services industry.

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7 Stocks Soaring on Monster Volume

Category : Stocks

WINDERMERE, Fla. (Stockpickr) — Professional traders running mutual funds and hedge funds don’t just look at a stock’s price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in volatility.

Major moves in volume can signal unusual activity, such as insider buying or selling — or buying or selling by “superinvestors.”

>>4 Stocks the Pros Hate — But You Should Love …

Click to view a price quote on TSLA.

Click to research the Automotive industry.

Here is the original post: 7 Stocks Soaring on Monster Volume

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