PennyStockPayCheck.com Rss

Featured Posts

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...

Read more

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...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

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...

Read more

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...

Read more

Western and Work Wear Retailer Boot Barn(R) to Celebrate the Grand Opening of New Lebanon, TN Store

Category : Stocks, World News

IRVINE, CA–(Marketwire – Mar 8, 2013) – Boot Barn®, America’s largest western and work wear retailer, will celebrate the opening of its newest store in Lebanon, TN. The store will open its doors on March 21, 2013, and the official Grand Opening Sale and Celebration is scheduled to begin April 5th at 10am and will continue through April 7th. The 15,000 square foot store, located at 1008 Cumberland Center Blvd., about 25 miles east of Downtown Nashville, will be stocked with over 4,000 pairs of boots and 3,000 pairs of jeans.

Link: Western and Work Wear Retailer Boot Barn(R) to Celebrate the Grand Opening of New Lebanon, TN Store

Post to Twitter

7 killed in Egypt protests on uprising anniversary – USA TODAY

Category : Stocks


DAWN.com
7 killed in Egypt protests on uprising anniversary
USA TODAY
Tahrir Square, where the revolution began, is again the site of unrest as the opposition, united against the Islamist leader's power grab, trains its eye on an upcoming parliamentary vote. egypt anniversary protests. Egyptian protesters take cover as they clash
Egypt Deploys Troops to SuezVoice of America
Clashes, rallies on anniversary of Egyptian uprisingBoston Globe
Wave of protests hit Egypt on second anniversary of Tahrir Square revolutionTelegraph.co.uk
Irish Times

Post to Twitter

Achilleas Kallakis case: judge criticises banks who loaned the money

Category : Business

Judge says Allied Irish Bank and Bank of Scotland acted carelessly and imprudently for failing to make full inquiries

Two banks that lent more than £750m to the confidence trickster Achilleas Kallakis had been “careless and imprudent” and “do bear some degree of responsibility” for Britain’s largest mortgage fraud, a judge has said. Bankers at Allied Irish Bank and Bank of Scotland had been falling over themselves to lend to Kallakis, carrying out only cursory checks that failed to reveal he was a serial conman, not the extravagant Mayfair property baron he was purporting to be.

Judge Andrew Goymer sentenced Kallakis and his henchman Alex Williams, a forgery expert, to seven years and five years imprisonment respectively for orchestrating the audacious scam.

At Southwark crown court yesterday, he said: “AIB and BoS have undoubtedly acted carelessly and imprudently by failing to make full inquiries before advancing the money. Indeed, the latter bank was given clear and precise warnings by its lawyers about the risks of accepting assurances in a letter from an alleged co-conspirator, a Swiss lawyer. It almost beggars belief senior management chose to disregard that warning and rushed to complete the deal at all costs. It is apparent … both the defendants took full advantage of the prevailing banking culture in which corners are cut, and checks on them superficial and cursory …”

He added: “While I do not equate the position of the banks with that of car owner or householder who forgets to secure his house or car and becomes the victim of theft, the banks do bear some degree of responsibility for what happened.”

Kallakis and Williams were convicted of defrauding Bank of Scotland, now part of Lloyds, and AIB, but they also took in other lenders, borrowing millions of pounds from Bristol & West, part of Bank of Ireland, GE Capital, and Barclays.

Between 2003 and 2008 Kallakis bought properties worth £120m, between Piccadilly and Pall Mall in St James’s Square, which he planned to turn into the world’s most expensive penthouse. He also had ambitious expansion plans for 31 Brompton Square, one of the most sought-after properties in Kensington.

During the trial several bankers from AIB testified to the sophistication of Kallakis’ bogus business claims, particularly financial guarantees he claimed to have secured on his property deals. The court also heard how the same bankers had enjoyed extensive hospitality: tickets for the 2006 World Cup final, a trip on Kallakis’s yacht for the Monaco Grand Prix, and holidays in Mauritius.

Herbalife comes out swinging

Category : Stocks

As hedge fund titans Bill Ackman and Dan Loeb square off over the company’s sales practices, the company’s top executives are defending Herbalife’s business.

Here is the original post: Herbalife comes out swinging

Post to Twitter

What Happens in Vegas on New Year’s Stays… So Party All Night With International Model and Multi-Media Sensation Jordan Carver as She Puts Her Assets on Display and Rings in 2013 as Host of PBR Rock Bar’s New Year’s Eve

Category : Stocks

LAS VEGAS, NV–(Marketwire – Dec 29, 2012) – When it comes to the clock ticking towards
midnight, Times Square‘s got nothing on the Las Vegas Strip
– especially this year with Jordan Carver (www.jordancarver.com)
hosting PBR Rock Bar’s New Year’s Eve 2013 Celebration.

Excerpt from: What Happens in Vegas on New Year’s Stays… So Party All Night With International Model and Multi-Media Sensation Jordan Carver as She Puts Her Assets on Display and Rings in 2013 as Host of PBR Rock Bar’s New Year’s Eve

Post to Twitter

VIDEO: Cocaine ‘perfect drug for city boys’

Category : Business, World News

Geraint Anderson, author of ‘Cityboy: Beer and loathing of the Square Mile’ said city workers are attracted to the drug because it is glamorous and expensive.

Read this article: VIDEO: Cocaine ‘perfect drug for city boys’

Post to Twitter

Osborne urges bank reform focus

Category : Business, World News

Chancellor George Osborne urges a committee studying UK banking standards not to send proposed reform “back to square one”.

Excerpt from: Osborne urges bank reform focus

Post to Twitter

GTA Commercial REALTORS(R) Report Commercial Market Figures

Category : Stocks, World News

TORONTO, ONTARIO–(Marketwire – Nov. 3, 2012) – Toronto Real Estate Board (TREB) Commercial Division Members reported almost 791,000 square feet of leased commercial space in October 2012 (calculated for transactions completed on a per square foot net basis for which pricing was disclosed). This represented a 41 per cent increase compared to October 2011.

Following the historic norm for commercial transactions through the TorontoMLS system, industrial lease agreements accounted for 87 per cent of lease transactions on a square foot basis. The average industrial lease rate was $3.97 per square foot net – down by eight per cent compared to the average rate reported for October 2011.

See the rest here: GTA Commercial REALTORS(R) Report Commercial Market Figures

Post to Twitter

The digital treasures that are gathering dust

Category : Business

Digitised back-catalogue titles need more publicity, otherwise we’re all losing out

For such a conservative industry, publishing has an endearingly whiggish faith in literary progress. An author’s latest is always “their best yet”, while every debut is heralded with messianic zeal. The side effect of this is that any book more than a year old seems dusty and irrelevant.

Until recently, this didn’t matter, because only two types of books made money: new titles and classics. And, occasionally, “forgotten classics” in pretty covers with introductions by famous authors. The rest of literature was consigned to Oxfam and the shelves of holiday lets.

Then ebooks came along and publishers realised they were sitting on a goldmine. Last year, there was a buzz of excitement around “digitising the backlist”. Literary agent Ed Victor launched Bedford Square Books, Macmillan founded Bello and Bloomsbury its Reader imprint, all dedicated to resurrecting out-of-print titles in electronic and print-on-demand formats.

Bedford Square appears to have run out of steam after (re)publishing six ebooks (including Harold Evans’s memoirs and Tales for the Telling by Edna O’Brien), but Bello and Bloomsbury Reader are still going strong, the former with a nice line in vintage crime.

The challenge they face is getting people to hear about them – tricky when publicity budgets are geared towards the new. Bloomsbury Reader boasts 500 titles by 100 authors (autumn highlights include Monica Dickens and Ann Bridge), but how many Kindle owners know it exists?

Amazon is great when you know what you’re looking for but hopeless for browsing. This is a problem for backlist titles, where readers might be in need of a chaperone. There is no category on the Kindle store for “interwar travel writing” or “1940s noir” or even “classic erotic fiction”. A gap in the market for a virtual “secondhand” bookshop?

Pre-Marketing: Kickstarter for IPOs?

Category : Business

World’s worst central banker, bond market peaks, and new Square competition.

Link: Pre-Marketing: Kickstarter for IPOs?

Post to Twitter