Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to 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

Norsk Hydro ASA (NHYDY: OTCQX International Premier) | Norsk Hydro : Ex dividend NOK 0.75 today

Category : Stocks

The shares in Norsk Hydro ASA will be traded ex dividend of NOK 0.75 as from
today, May 10,

Post to Twitter

Inuvik to Tuktoyaktuk Highway Project to Proceed

Category : Stocks, World News

OTTAWA, ONTARIO–(Marketwired – April 5, 2013) - The Government of Canada today released its response to the report of the Substituted Review Panel for the Inuvik to Tuktoyaktuk Highway. The project is not likely to cause significant adverse environmental effects subject to the implementation of the measures laid out in the response and can now proceed.

View post: Inuvik to Tuktoyaktuk Highway Project to Proceed

Post to Twitter

Dame Clara Furse: being bailed out is no bar to serving on FPC

Category : Business

You might have assumed that Fortis’s need for a bailout in 2008 would disqualify any of its directors of the 2006-09 vintage from a job on the financial policy committee

That’s quite a comeback by Dame Clara Furse. She was a non-executive director of Fortis when the Belgian bank, in partnership with Royal Bank of Scotland, did the disastrous top-of-the-market purchase of ABN Amro in 2008; now she has been hired to serve as an external member of the financial policy committee of the Bank of England, the body tasked with ensuring financial stability in the UK.

Of course, Furse is best known for her eight years as chief executive of London Stock Exchange. All the same, you might have assumed that Fortis’s need for a bailout in 2008 would disqualify any of its directors of the 2006-09 vintage from a job on the FPC. The world has moved on, it seems.

It is easier to understand the appointment to the FPC of Martin Taylor, chief executive of Barclays in the 1990s and a member of the Vickers commission: he’s a top-drawer signing, an independent thinker who speaks his mind, clearly.

Richard Sharp, the other new hire, arrives after a 23-year stint at Goldman Sachs. Some may say the Goldman perspective is already well represented at the Bank in the form of the incoming governor, Mark Carney, who did 10 years at the investment bank. But let’s see how Sharp speaks.

He will do well to match Robert Jenkins, a member of the interim FPC, in the free-thinking stakes. Jenkins made several blistering speeches that demolished big banks’ objections to holding more capital. Better, he was able to make the dry subject of “macro-prudential” regulation intelligible to ordinary mortals. In fact, it is a mystery why the government failed to select Jenkins for service on the FPC in its full form.

The Treasury announcement did not explain. Then again, in its summary of Furse’s CV, it neglected to mention her stint at Fortis.

Finore Mining, Inc. (FNREF: OTCQX International) | Finore Announces Private Placement

Category : Stocks, World News

Announces Private Placement

Post to Twitter

Ares Life Sciences to Acquire GREER(R) Laboratories, Inc., a Leader in Allergy Immunotherapy in the United States

Category : Stocks

GENEVA, SWITZERLAND–(Marketwire – March 8, 2013) - Ares Life Sciences, a healthcare-focused investment group, announced today that it has signed a definitive agreement to acquire 100% of the share capital of Albion Medical Holdings, Inc., including its wholly owned subsidiary GREER® Laboratories, Inc., a leader in allergy immunotherapy in the United States. Closing of the transaction is subject to U.S. regulatory approvals and certain closing conditions.

More: Ares Life Sciences to Acquire GREER(R) Laboratories, Inc., a Leader in Allergy Immunotherapy in the United States

Post to Twitter

Letters: GP commissioning and privatisation

Category : Business

The privatisation by stealth of the NHS that concerns Grahame Morris (Letters, 11 January) will become unstoppable unless his fellow MPs get a grip. From 1 April health services will be commissioned by GPs via clinical commissioning groups. Andrew Lansley promised all CCGs they would not be forced to subject services to competition, with the final word resting with commissioners. Polls show that more than four out of five people do not want the NHS to be privatised, so campaigners around the country have been asking their local CCGs to amend their constitutions to ensure that no services are offered to the private sector without first considering NHS options. Other amendments will prevent services being awarded to companies engaged in improper tax avoidance and, Grahame Morris please note, refuse to be bound by the Freedom of Information Act.

Cue the government, which, without fanfare, will be breaking Lansley’s promise this month by laying regulations before parliament allowing NHS money to be spent only on services procured through the competitive market, except for contract renewals. Also new rules have been brought forward that state that at least three health services have to be opened up each year to “any qualified provider”, whether the CCGs want this or not. The CCGs in Lewisham and Newham, together with 40,000 patients who signed a petition, opposed the closure of Lewisham A&E but have been over-ruled by the government-appointed administrator. Grahame Morris has urged people to lobby their MPs to sign his early day motion about binding private health contractors to the FOI Act. When lobbying their MPs, I urge people to press for the amendment of the section 75 regulations as well to allow patients to have a genuine say over their care and treatment, which the government says is what the changes to the NHS are all about. Under these changes, patients will be allowed to choose supposedly from a range of options bar the one that most of us want – treatment provided mainly by a publicly run NHS.
Jim Pragnell
Sevenoaks, Kent

Africa Oil Announces Spud of Sabisa Well in South Omo Permit in Ethiopia

Category : World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 14, 2013) - Africa Oil Corp. (“Africa Oil” or the “Company”) (TSX VENTURE:AOI) (OMX:AOI) is pleased to announce the commencement of drilling operations on the Sabisa-1 well in the South Omo Block in Ethiopia. The well was spud on January 13, 2013 by the Operator, Tullow Oil Plc (“Tullow”) and is currently drilling ahead. The well is expected to take approximately 60 days to reach the planned total depth of 2,600 meters. Africa Oil holds a 30% working interest in the block with Tullow holding a 50% interest and Agriterra Limited (“Agriterra”) holding the remaining 20% interest. Marathon Oil Ethiopia B.V. (“Marathon”) has announced a transaction to purchase Agriterra’s interest in the South Omo Block. This transaction is subject to Ethiopian Government approval.

Read the original: Africa Oil Announces Spud of Sabisa Well in South Omo Permit in Ethiopia

Post to Twitter

Eight people charged in £35m corruption case

Category : Business

Charges follow long running investigation into offences at Halifax Bank of Scotland branch in Reading

Eight people were charged on Tuesday following a long running investigation into corruption and other offences at the Halifax Bank of Scotland branch in Reading, Berkshire. Two former employees of HBOS – rescued by Lloyds during the 2008 banking crisis – along with six others were charged over business loans worth around £35m.

Lynden Scourfield, 50, and Mark Dobson, 52, who are described as senior managers for HBOS in Reading and Bishopsgate, were charged with conspiracy to corrupt. David Mills, 56, and Michael Bancroft, 69, of Quayside Corporate Services, a turnaround consultancy, were charged as part of the same conspiracy.

Sue Patten, head of fraud at the CPS, said: “Following a thorough fraud and corruption investigation by Thames Valley police, we have today authorised eight people to be charged in connection to business loans made through a high street bank to a value of around £35m.”

Scourfield, Mills and Bancroft are charged with three counts of fraudulent trading and John Cartwright, 68, an associate of QCS, is also charged with one count of fraudulent trading. Scourfield, Mills and Bancroft and their wives, Jacqueline Scourfield, 50, Alison Mills, 47, and Beverley Bancroft, 64, are also charged with one count of money laundering.

All eight will appear at Reading magistrates court on 18 January. None of them was immediately available for comment.

A spokeman for Lloyds Banking Group, which now owns HBOS and its Bank of Scotland subsidiary, said: “We cannot comment on the detail of this investigation by Thames Valley Police or on the charges that have been brought.

“Neither Bank of Scotland nor Lloyds Banking Group is the subject of the investigation. We have been assisting the Police with their investigation and will continue to do so.”

Rexam PLC (REXMY: OTC Link) | Rexam to complete sale of Personal Care business

Category : World News

Rexam, the global consumer packaging group, confirms that it has received approval from the Chinese authorities and anticipates completion of the sale of its Cosmetics, Toiletries and Household care products business to an affiliate of Sun European Partners, LLP for US$459m in cash, subject to closing accounts adjustments, later today.

Post to Twitter

Norse Energy Corp. (NSEEY: OTC Link) | Norse Announces 2013 Financial Calendar

Category : Stocks, World News

The financial calendar for 2013 for Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) follows:

February 28, 2013
Fourth Quarter 2012 Results

April 30, 2013
2012 Annual Accounts Published

May 31, 2013
Annual General Meeting and First Quarter 2013 Results

August 30, 2013
Second Quarter 2013 Results

November 29, 2013
Third Quarter 2013 Results

Please note that the financial calendar is subject to change.

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer
Phone: +1 713 975 1900 Email:

S. Dennis Holbrook, Chief Legal Officer
Cell: +1 716 713-2489 Email:< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

See original here: Norse Energy Corp. (NSEEY: OTC Link) | Norse Announces 2013 Financial Calendar

Post to Twitter