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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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Condor Gold plc Geotechnical Drilling on La India Project, Nicaragua

Category : World News

LONDON, ENGLAND–(Marketwired – April 25, 2013) - Condor (AIM:CNR), a gold exploration company focused on delineating a large commercial reserve on its 100%-owned La India Project in Nicaragua, which hosts a CIM compliant Mineral Resource of 2.4Moz gold at 4.6g/t, is pleased to announce that it has commenced a geotechnical drilling programme of ten drill holes for 1,700m on La India open pit resource.

Originally posted here: Condor Gold plc Geotechnical Drilling on La India Project, Nicaragua

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Condor Gold plc Geotechnical Drilling on La India Project, Nicaragua

Category : World News

LONDON, ENGLAND–(Marketwired – April 25, 2013) - Condor (AIM:CNR), a gold exploration company focused on delineating a large commercial reserve on its 100%-owned La India Project in Nicaragua, which hosts a CIM compliant Mineral Resource of 2.4Moz gold at 4.6g/t, is pleased to announce that it has commenced a geotechnical drilling programme of ten drill holes for 1,700m on La India open pit resource.

See original here: Condor Gold plc Geotechnical Drilling on La India Project, Nicaragua

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HSBC Identifies Buy to Let Hotspots in England & Wales

Category : Stocks

- Southampton tops the list with a rental yield of 7.82%

- Hull, Manchester and Nottingham are also in the top ten due to affordable purchase prices

- Blackpool is the top seaside town for BTL investors with a yield of 7.81%

The rest is here: HSBC Identifies Buy to Let Hotspots in England & Wales

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FTSE 100 falls despite mining shares recovery, with Arm down on sell note

Category : Business

Commodity companies lead risers but chip designer hit by downbeat comments ahead of quarterly results

Despite a recovery in the mining sector, leading shares are heading lower again.

With gold stablising after its recent declines – which were based on worries about countries such as Cyprus selling some of their reserves along with signs of slowdown in China – and base metals such as copper recovering, mining shares regained some lost ground.

Fresnillo is up 45p at £11.25, Eurasian Natural Resources Corporation has climbed 9.1p to 247.2p and Xstrata has added 37.2p to 1003.5p.

All ten of the top ten risers in the leading index are commodity companies, as are the top ten in the FTSE 250.

But investors are still cautious, not least following Wall Street’s fall overnight in the wake of the Boston marathon explosions. So the FTSE 100 is down 41.20 points at 6302.40, with little impact from UK inflation figures in line with forecasts.

Ahead of results next week, Arm is among the biggest fallers in the leading index. The chip designer is down 27p at 869.5p as Liberum Capital issued a sell note. Analyst Janardan Menon said:

We expect Arm’s US dollar revenues to be broadly in line with guidance ($250m) and consensus estimates, while sterling revenues are expected to benefit from weakness in the currency. Arm had sequentially guided down its first quarter 2013 revenues, following strength in the fourth quarter of 2012. Going forward we expect year on year revenue growth rates to gradually decelerate as smartphone growth moderates. We also remain concerned about potential gains in smartphone and tablet share by Intel and maintain our sell recommendation on the stock.

In more detail, Menon added:

Our sell recommendation on Arm is based on three factors. 1) an expectation of Intel gaining share in Arm’s key royalty markets – smartphones and tablets. 2) slowing growth rates in the smartphone and tablet markets which are expected to depress Arm’s royalty growth 3) The high multiples the stock is trading at relative to its longer term growth outlook. While we do not expect these concerns to be specifically flagged in the first quarter results, we do expect newsflow in coming quarters to do so.

Elsewhere Associated British Foods has fallen 40p to £18.24 after Credit Suisse cut its recommendation from outperform to neutral.

Burberry is down 33p at £12.51 following disappointing results from luxury goods giant LVMH.

Koninklijke Ten Cate NV : Supervisory board of Royal Ten Cate compensates CEO

Category : World News

ALMELO, NETHERLANDS–(Marketwire – Mar 21, 2013) – Further to the press releases in 2007,
issued by the then supervisory board of
Royal Ten Cate (TenCate), the following statement is made.

Read the rest here: Koninklijke Ten Cate NV : Supervisory board of Royal Ten Cate compensates CEO

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Caledonia Mining Corporation: Implementation of Share Consolidation

Category : World News

TORONTO, ONTARIO–(Marketwire – March 14, 2013) - As previously announced, at a Special Meeting held on January 24th 2013, the shareholders of Caledonia Mining Corporation (“Caledonia”) (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) approved the consolidation of Caledonia’s issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) common shares issued (the “Consolidation”).

Read more from the original source: Caledonia Mining Corporation: Implementation of Share Consolidation

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Caledonia Mining Corporation: Implementation of Share Consolidation

Category : World News

TORONTO, ONTARIO–(Marketwire – March 14, 2013) - As previously announced, at a Special Meeting held on January 24th 2013, the shareholders of Caledonia Mining Corporation (“Caledonia”) (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) approved the consolidation of Caledonia’s issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) common shares issued (the “Consolidation”).

Go here to read the rest: Caledonia Mining Corporation: Implementation of Share Consolidation

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Helijet Grants Options

Category : World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 1, 2013) - Helijet International Inc. (TSX VENTURE:HJI) (the “Company”) as previously disclosed in its quarterly disclosure MD&A, Helijet has granted an aggregate of 1,566,400 common share purchase options (“Options”) to employees and management which have a ten year term until September 1, 2022, and of which 311,200 were granted to insiders. All of the Options have an exercise price of $0.10 per share and have vesting requirements over a one year period from September 1, 2012.

Excerpt from: Helijet Grants Options

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Do the math: Facebook is not a buy

Category : Stocks

If Facebook wants to return even 10% annually to shareholders for the next ten years, it would need revenues approaching $70 billion by 2022, and 31% earnings growth annually. Good luck.

Read this article: Do the math: Facebook is not a buy

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Banks in $8.5bn foreclosure payout

Category : World News

Ten big US banks, including Bank of America and Citigroup, agree to pay $8.5bn (£5.2bn) to settle a review of home foreclosures by regulators.

Read more: Banks in $8.5bn foreclosure payout

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