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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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Lord Lawson calls for UK to exit EU

Category : Business, World News

Ex-Chancellor Lord Lawson calls for the UK to leave the EU – but No 10 says the PM remains confident his strategy “will deliver results”.

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Sell in May? Find something new to say

Category : Business

Market timing is not a smart strategy. Stocks often slump in the spring and summer. But not always. Why miss the chance of a rally?

Continued here: Sell in May? Find something new to say

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WH Smith continues to boost profits

Category : World News

WH Smith says its strategy of boosting profit margins to offset falling sales continues to bring results, with railways and airport outlets performing well.

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HBOS: Regulator’s findings shame three executives who brought down a bank

Category : Business

Bank so poorly run it would have gone bust even without 2008 crash, parliamentary commission finds

The three executives who ran HBOS bank in the runup to its near-catastrophic collapse have been slated for their “colossal failure” of management in a scathing report which calls for them to be held to account by the City regulator.

The highly critical account of the events that led to HBOS being rescued by Lloyds in September 2008 said the responsibility for the management failings rested with the former chairman Lord Stevenson, and the former chief executives Sir James Crosby and Andy Hornby, and says the bank would have gone bust even if the global financial meltdown of that year had not happened. The bank, formed out of Bank of Scotland and Halifax in 2001, racked up £47bn of losses on bad loans.

In a report entitled An Accident Waiting to Happen, the parliamentary commission on banking standards calls on the trio to apologise for their “toxic” mistakes which caused the downfall of the bank and prompted a £20bn taxpayer bailout.

The HBOS report comes in another torrid week for the banking industry after a report commissioned by Barclays found its bankers “seemed to lose a sense of proportion and humility” in their race for big bonuses. The regulation of HBOS by the Financial Services Authority – which was shut down last weekend – is described as “thoroughly inadequate”, but the responsibility for the management failures is placed squarely on the three

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Metaswitch Networks Announces the Appointment of Former Light Reading Editor-in-Chief Phil Harvey as Its New Director of Corporate Communications

Category : Stocks

12-Year Veteran of Light Reading Endorses Metaswitch’s ‘Software Telco’ Strategy in New Role

Read more here: Metaswitch Networks Announces the Appointment of Former Light Reading Editor-in-Chief Phil Harvey as Its New Director of Corporate Communications

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Clothes retailer Ted Baker posts double-digit leap in profits

Category : Business

Brand defies gloom on UK high street, selling more womenswear than menswear for first time in firm’s history

Ted Baker has defied the gloom elsewhere in the high street by posting a double-digit leap in profits.

Once known for selling garish shirts for young men, the brand has transformed into a high-end retailer for the fashion-conscious, with womenswear overtaking menswear sales for the first time in the company’s 24-year history.

Sales in the year to 26 January were up 18% to £254.5m, driving a 19.2% increase in pre-tax profits to £28.9m.

Ted Baker’s aggressive international expansion strategy has seen the retailer open its first New York store on fashionable Fifth Avenue. Stores have also been opened in China and Canada, with concessions in Germany and the Netherlands.

Sales in UK and European stores rose 11.1% to £165.1m, with retail space increasing by 5.7%.

Analysts said the results were in line with expectations. Freddie George, analyst at Cantor, said: “The strategy of accelerating development overseas through new stores and concessions appears to be working and is set to boost earnings growth over the medium term.”

Aviva shares dive on dividend cut

Category : World News

Shares in insurance firm Aviva sink 12.5% after it cuts its dividend by more than a quarter in order to finance a turnaround strategy.

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AXA (AXAHY: OTC Link) | AXA Equitable Taps Manish Agarwal to Lead Financial Protection Business

Category : World News

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AXA Equitable Taps Manish Agarwal to Lead Financial Protection Business

PR Newswire

NEW YORK, March 5, 2013

NEW YORK, March 5, 2013 /PRNewswire/ — AXA Equitable Life Insurance Company, the primary U.S. subsidiary of the global AXA Group, announces today that Manish Agarwal has been named Head of Financial Protection. In this role, Agarwal will lead AXA Equitable’s life insurance business, including its Business Management & Operations, Product Life Cycle Management, Product Design & Manufacturing and Distribution Management areas, to expand upon its industry-leading product portfolio and distribution platform.

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StatPro Revolution Adds New Analysis for Stock Picking Fund Managers With Bottom-Up Stock-Level Attribution

Category : Stocks

LONDON–(Marketwire – Feb 26, 2013) –  StatPro Group plc (AIM: SOG), a global leader in portfolio analytics and reporting services today announces that StatPro Revolution, in addition to existing top-down attribution, now offers bottom-up, stock-level attribution. The new dashboard empowers stock-pickers to visualize the effectiveness of their investment strategy, breaking down the performance against the benchmark into the following effects:

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Akzo Nobel N.V. (AKZOY: OTC Link) | AkzoNobel announces new strategy and financial targets

Category : Stocks, World News

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