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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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Earth Day Is a Great Time to Save Water Outdoors

Category : Stocks

Southern California Homeowners Lead the Way With Beautiful Water-Wise Landscapes

Read more here: Earth Day Is a Great Time to Save Water Outdoors

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Bebida Beverage Co. (BBDA: OTC Pink Current) | BeBevCo: Double Duty for KOMA Unwind This Weekend in NASCAR

Category : Stocks

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BeBevCo: Double Duty for KOMA Unwind This Weekend in NASCAR

KOMA Unwind Relaxation Reunites with Carl Long

PR Newswire

STATESVILLE, N.C., March 22, 2013

STATESVILLE, N.C., March 22, 2013 /PRNewswire/ –

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Southern USA Resources Inc. (SUSA: Grey Market) | Venue Change

Category : Stocks, World News

Mon, Mar 04, 2013 12:00 – Southern USA Resources Inc. (SUSA: Grey Market) – Venue Change – The symbol, SUSA, no longer trades on OTC Link. As of Mon, Mar 04, 2013, SUSA trades on Grey Market. You may find a complete list of venue changes at otcmarkets.com.

View original post here: Southern USA Resources Inc. (SUSA: Grey Market) | Venue Change

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Danone to cut 900 jobs in Europe

Category : Business, World News

French food and drink company Danone says it will cut 900 jobs after weakness in southern European economies hit sales.

The rest is here: Danone to cut 900 jobs in Europe

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California Winegrape Crop Tops 4 Million Tons for 2012

Category : Stocks, World News

Crop up 20% From 2011

North Coast up 47%, Central Coast up 41%, Northern Interior up 33% and Southern Interior up 4%

Visit link: California Winegrape Crop Tops 4 Million Tons for 2012

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Kilimanjaro Capital Ltd. Signs Oil & Mineral Development Contract With Forest Gate Energy Inc.

Category : Stocks

CALGARY, ALBERTA–(Marketwire – Jan. 30, 2013) - Kilimanjaro Capital Ltd., a private Canadian company focusing on emerging nations in West Africa, is pleased to announce that on 29 January, 2013 it signed an agreement with Forest Gate Energy Inc. granting Forest Gate Energy a 20% stake in the future oil and mineral development of the Southern Cameroons. The region contains known petroleum reserves and significant untapped opportunities for gold, diamond, uranium, iron, bauxite, and manganese exploration.

Excerpt from: Kilimanjaro Capital Ltd. Signs Oil & Mineral Development Contract With Forest Gate Energy Inc.

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Auto Club Outlines New Motorist Laws for 2013

Category : World News

LOS ANGELES, CA–(Marketwire – Dec 24, 2012) – New laws taking effect in 2013 will allow testing of “autonomous vehicles” on California roads, clarify the rules for whether motorists can park at broken parking meters, and modify the law banning electronic device use while driving, according to the Automobile Club of Southern California.

More here: Auto Club Outlines New Motorist Laws for 2013

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4 Southern California men held in plot to join Al Qaeda, Taliban – Los Angeles Times

Category : Stocks


Telegraph.co.uk
4 Southern California men held in plot to join Al Qaeda, Taliban
Los Angeles Times
Four men with ties to Southern California have been charged with plotting to join Al Qaeda and the Taliban to commit “violent jihad” and target Americans, the FBI said Monday night. One of the men, Sohiel Omar Kabir, 34, allegedly traveled in July to
4 men in Southern California charged with attempting to support terrorismFox News
FBI: Four Local Men Arrested in Terrorist Plot to Kill AmericansKTLA
FBI: 4 Calif. men charged in alleged terror plotTallahassee.com
TPM

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Lloyds may inherit troubled care homes

Category : Business

Companies linked to Southern Cross Healthcare could become responsibility of bank, which lent to them in 2007

The taxpayer-backed Lloyds Banking Group could shortly find itself the owner of a string of care homes housing many thousands of Britain’s most vulnerable elderly residents, as a second wave of financial troubles hits companies linked to failed Southern Cross Healthcare.

Through its notorious Bank of Scotland corporate lending unit, then headed by Peter Cummings, the bank was among a handful of lenders who became rapidly interested in the care home sector before the advent of the credit crunch in 2007.

Bondcare, which owns 39 homes formerly operated by Southern Cross, is among the companies that could see itself – in part or entirely – transferred to Lloyds. No part of Bondcare is insolvent but this summer Bank of Scotland appointed receivers from Ernst & Young to part of the business.

Meanwhile, Bondcare’s chief executive, Leib Levison, has stepped down from the board of several group subsidiaries. The holding company, BC Limited, has not filed accounts since September last year, at which point it said: “The group is dependent on continued support of its lender.” Part of the group has changed its name to Akari Care.

Elsewhere, Lloyds Banking Group’s controversial Uberior Ventures investment arm has a stake in another care home landlord group called PSX, which owns 21 properties. PSX sites were largely run as Southern Cross homes until the operator unravelled last year and the landlord group was forced to find another operator, receiving much lower rents. Alongside Lloyds on the share register, PSX is co-owned by the investment tycoons Nick Leslau, Nigel Wray and Tom Hunter. Lloyds is nearly 40% owned by the taxpayer,

Accounts filed last month reveal that PSX made a pre-tax loss of £3.3m for the year to September 2011. It owes £100m to Lloyds – loans on which the group has already defaulted because of the Southern Cross fiasco. The bank has promised not to call in the loan until the end of this month in the hope that a sale or debt restructuring deal can be reached.

In March Cummings’ corporate division within Bank of Scotland was identified in an investigation by the Financial Services Authority as having been guilty of “very serious misconduct”, for which Lloyds only escaped a “very substantial penalty” because the conduct dates from before its parent, HBOS, merged with Lloyds and received a huge taxpayer bailout.

Lloyds is not the first bank to find itself heavily exposed after backing the forays of financial engineers into the care home sector. Four Seasons Health Care, which operates 445 homes and looks after 22,000 people, was sold in July by Royal Bank of Scotland, which is 40% owned by taxpayers. The deal took place only after the bank twice wrote off hundreds of millions of pounds of investment.

Four Seasons was bought by Terra Firma, the private equity business run by Guy Hands, which hopes to add other distressed care home groups to expand the business.

Hands was one of the pioneers of the new techniques in financial engineering that fuelled the UK private equity boom between 2002 and 2007. The borrowings he has used to acquire Four Seasons, however, are to reduce its debt burden.

For the past three years Hands has been living in Guernsey, in effect a tax exile from the UK.

Four wounded after rocket barrage strikes southern Israel – Haaretz

Category : Stocks


Haaretz
Four wounded after rocket barrage strikes southern Israel
Haaretz
Four wounded after rocket barrage strikes southern Israel. At least six rockets hit Gaza envelope community, day after barrage of some 31 rockets; four IDF soldiers wounded Saturday when anti-tank missile struck their jeep. By Yanir Yagna and Haaretz
Rocket barrage hits Israel's southYnetnews
Palestinians: Gaza man killed in Israeli airstrikeFox News
Gaza: Palestinians killed and Israeli soldiers injuredBBC News
Bloomberg

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