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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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Swiss bank UBS returns to profit

Category : Business

Swiss bank UBS returned to profit in the first three months of the year, after racking up big losses related to the Libor scandal at the end of 2012.

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RAYMOND WEIL – "Music Maestro"

Category : Stocks

GENEVA–(Marketwired – Apr 25, 2013) – In Geneva, 22 April 2013, three days before the official opening of Baselworld. Like musicians tuning up their most beautiful instruments, RAYMOND WEIL staff are working at a brisk tempo, making the final preparations for what is going to be the musical masterpiece of the year. It is on the occasion of this inescapable watchmaking event that the family Brand will unveil its new film in which the fusion of music and watchmaking has never been so complete. The Swiss watchmaker will also present its new stand… its “music box.” More than an inspiration, the music becomes a marketing instrument.

Originally posted here: RAYMOND WEIL – "Music Maestro"

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ABB to make $1bn solar acquisition

Category : World News

Swiss engineering firm ABB says it is to buy Californian solar energy firm Power-One for $1bn, as it predicts a booming market.

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Flu treatment boosts sales at Roche

Category : Business

Swiss drugmaker Roche reports a 5% rise in first quarter sales, helped by strong demand for its flu treatment, Tamiflu.

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Campaigners hail Novartis ruling

Category : Business, World News

Healthcare campaigners hail India’s rejection of a patent bid by Swiss company Novartis for its cancer drug, Glivec, amid industry criticism.

Excerpt from: Campaigners hail Novartis ruling

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Ignore their howls of protest. If bankers leave the country, it would be no loss | Simon Jenkins

Category : Business

They took home unheard of sums. Only in Britain do ministers dance to their tune. But public fury cannot be defied for ever

The peasants are revolting across Europe. They want bankers’ blood and mean to get it. Until now, public response to the credit crunch has been one of general bafflement and wrist-slapping. The banks persuaded the world it was all an act of fate. As it was, they were too big to fail and their leaders too saintly to atone for it. For four years, British banks were showered with nearly half a trillion pounds of public and printed money. They duly recovered and stayed rich, while everyone else went poor.

The worm has turned. The banks and government alike have failed to deliver recovery. The people want revenge, and have found it – of all places – in the European parliament. It has declared that EU bankers cannot get bonuses bigger than their salaries, or twice as big if shareholders approve. This applies wherever EU bankers work, and to any overseas banker working in the EU.

Meanwhile, a Swiss referendum now requires top executives to seek explicit shareholder approval for their pay, with a ban on golden hellos and goodbyes. The Netherlands is talking of a tighter 20% cap on bonuses. Even laissez-faire Britain has seen the National Association of Pension Funds demand that boards keep executive pay rises down to inflation.

Europe’s once omnipotent banking lobby has been all but neutered by the scale of scandal. The German government caved in to the EU parliament under pressure from the opposition Social Democrats. This was after the Libor scandal revealed Deutsche Bank cutting one trader’s bonus by £34m, thus implying a staggering original sum. The Swiss campaign was kicked into life by the drugs firm Novartis giving its departing chairman a $76m gift. Some 68% of Swiss voted for the new curb.

Only in Britain do ministers still dance to the bankers’ tune. Last month RBS executives brushed aside their state

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Swiss Voters Approve Limits on Bosses’ Pay

Category : Stocks

By Frank Jordans, Associated Press

BERLIN — Swiss voters voiced their anger at perceived corporate greed Sunday by approving a plan to boost shareholders’ say on executive pay.

Some 67.9% of voters backed the “Rip-Off Initiative,” with 32.1% against, according to the official count broadcast by Swiss public television station SRF.

See more here: Swiss Voters Approve Limits on Bosses’ Pay

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Swiss Voters Approve Limits on Bosses’ Pay

Category : Stocks

By Frank Jordans, Associated Press

BERLIN — Swiss voters voiced their anger at perceived corporate greed Sunday by approving a plan to boost shareholders’ say on executive pay.

Some 67.9% of voters backed the “Rip-Off Initiative,” with 32.1% against, according to the official count broadcast by Swiss public television station SRF.

Go here to read the rest: Swiss Voters Approve Limits on Bosses’ Pay

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Will Swiss ‘fat cats’ be put on diets?

Category : World News

Will Swiss ‘fat cats’ be put on diets?

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VIDEO: Swiss to vote on ‘fat cat’ pay

Category : Business

Swiss voters are going to the polls this weekend to decide on measures which would strictly limit salaries for top managers, and ban golden handshakes.

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