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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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There’s a New Pork Porterhouse in Town

Category : Stocks

MISSION, KS–(Marketwired – May 2, 2013) – (Family Features) Nothing beats a tender, juicy pork chop on the grill — a versatile canvas for a wide range of culinary creations. With new pork cut names to be revealed at the meat case later this summer, home cooks will soon have an easier way to select and prepare their favorite pork meals.

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Letters: NHS sell-off regulations back in the Lords

Category : Business

The latest poll from the King’s Fund shows how both young and old continue to support the principles of the NHS: that healthcare, funded through taxation, is available to all on the basis of need, rather than the ability to pay. On 24 April the Lords will debate competition regulations made under section 75 of the Health and Social Care Act, which, if implemented, establishes a default position of local commissioning groups having to put services out to tender. It would put profit before patients, quick fixes before quality care and seriously undermine the NHS, leaving many people to suffer under a postcode lottery. Yet experience has shown that the market has already damaged the culture of the NHS. From 1948 onwards the public have helped create, fund and support the principle of healthcare for all. The government has no mandate to end this. Those of us who value the NHS must defend it. Contact a peer and ask them to show their opposition to the competition regulations.
Dot Gibson National Pensioners Convention, Ken Loach Director, Spirit of

The National Bank of Greece (NBG) makes it official with an all-share bid to buy Eurobank Ergasias SA. The combined bank will have assets totaling in access of 177.7B euros ($231B). [[NBG]], already the largest lender in Greece, will offer 58 new…

Category : Stocks

The National Bank of Greece (NBG) makes it official with an all-share bid to buy Eurobank Ergasias SA. The combined bank will have assets totaling in access of 177.7B euros ($231B). NBG, already the largest lender in Greece, will offer 58 new shares for every 100 shares of Eurobank. At present, 43.6% of Eurobank shareholders have agreed to tender their shares. 4 comments!

Read more: The National Bank of Greece (NBG) makes it official with an all-share bid to buy Eurobank Ergasias SA. The combined bank will have assets totaling in access of 177.7B euros ($231B). [[NBG]], already the largest lender in Greece, will offer 58 new…

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Gold Dynamics Announces New Exploration Program

Category : Stocks

TORONTO, ONTARIO–(Marketwire – Sept. 11, 2012) - Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (http://www.golddynamics.com) – Gold Dynamics Corp CEO and President, Mr. Gary Kirk is pleased to announce that in keeping with the company’s plans to add to its foundational knowledge and data base on its Hoyle North project near Timmins, Ontario, a request for tender has been made to supply a VTEM airborne EM and magnetic gradiometer survey for the entire property. A decision to choose a supplier of the needed services will be made as soon as possible.

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Delek Group Ltd. (DGRLY: OTC Link) | Home Country News Release – Full Tender Offer for Acquisition of All Delek Energy Shares

Category : Stocks

Delek Group Ltd. has filed a Home Country News Release – Full Tender Offer for Acquisition of All Delek Energy Shares To view the full release click here (link to PDF).

Read the original here: Delek Group Ltd. (DGRLY: OTC Link) | Home Country News Release – Full Tender Offer for Acquisition of All Delek Energy Shares

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Public sector outsourcing: finally, an unfairness we can do something about | Zoe Williams

Category : Business

Shareholders and CEOs are benefiting from the outsourcing boom. But done differently, society could look much fairer

‘Public sector commissioning”: I can’t think of a phrase that conveys something so important and yet sounds so soporific. The worst thing about it is that, the minute you stop being bored, you will immediately become angry. It’s like Britain’s Got Talent.

At the weekend the FT reported that outsourcing was booming, with a surge in contracts not seen since the 1980s relating to prisons, police forces, defence and health. We knew this was coming, of course – the first wave of police force privatisation was leaked to the Guardian in March. Last November, the first tender documents went out for nine prisons (Birmingham went to private hands in April).

What was the health and social care bill, if not an invitation to private companies to bid for contracts? The FT says this new tranche of work will be worth £4bn; but even though this is certainly a surge, it is a drop in the ocean of the public sector as a whole which, in 2009-10, spent £236bn on goods and services. It’s enough that, if it were spent wisely, on companies with some basic principles regarding, say, the pay differential between the top and the bottom, society would look very different. At the moment, it is not being spent wisely.

Here’s what goes wrong: first, we’re often dealing with a unique service. The police, for instance, which this paper reports today will soon be run by G4S. What other business of the market could be held equivalent to a police force? When it’s never been privatised before, it’s hard to lodge an effective opposition, beyond “I just don’t like outsourcing”.

But just as it’s hard for us to launch an opposition, it’s hard for local authorities to commission. Who do they know who has experience of taking over a police force? Nobody. What kind of irresponsible idiot would hire someone with no experience? So the way the tender document is designed is that only people who can prove experience of dealing with huge budgets need apply.

Indeed, only big firms could afford the cash it costs to make the opening bid. This leads to so-called monocultural situations in which companies spring up who only deal with government contracts (A4e, for instance has had millions of pounds of public money, and it never struck anyone as strange that nobody else wanted to employ it – although A4e claims it has contracts with the private sector, most of its income comes from government contracts). They become the only viable bidder, whose efficacy is rarely tested, and when it is it doesn’t matter because they’re – this old chestnut – too big to fail. The possibility of corruption, while it looms large, is actually only ancillary. The central problem is that it encourages companies to expand into areas in which they have no expertise and squeeze out smaller, often charitable enterprises already working in that area.

So, for instance, Prospects started off as a south London careers service. It won a £71m contract to do Ofsted’s early-years inspections in 2010 (a reminder that outsourcing didn’t start with the coalition). Then it got a work programme contract in the south-east worth £50m. Then it subcontracted its “clients”, who became those famously shafted Jubilee stewards.

I use this example deliberately: as a firm with no shadow of a misdeed, just a lot of government money, for work it sometimes subcontracts and doesn’t have to take responsibility for. Its executive chairman, Ray Auvray, makes £193,354 a year – this actually isn’t very much, by the standards of his peers.

The One Society showed last year that

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Premier League TV up for grabs

Category : Business

The Premier League issues an invitation to tender for the domestic UK broadcast rights for the 2013-14 to 2015-16 seasons.

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Asahi Kasei acquires Zoll Medical

Category : World News

Asahi Kasei Corp. said Monday it has completed its tender offer to acquire Zoll Medical Corp., gathering some 93.8 percent of all the outstanding shares of the Chelmsford, Massachusetts-based medical equipment maker.
The offer, which began March 26, expired Friday.

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American Realty Capital Trust (ARCT) dips in after hours trading after announcing the withdrawal of its secondary offering. The company says it withdrew the registration statement because it was pleased with the results of its recent tender offer….

Category : Stocks

American Realty Capital Trust (ARCT) dips in after hours trading after announcing the withdrawal of its secondary offering. The company says it withdrew the registration statement because it was pleased with the results of its recent tender offer. Shares -3.4% AH. Post your comment!

Read the original here: American Realty Capital Trust (ARCT) dips in after hours trading after announcing the withdrawal of its secondary offering. The company says it withdrew the registration statement because it was pleased with the results of its recent tender offer….

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Stora Enso Oyj (SEOAY: OTC Link) | Stora Enso successfully completes Eurobond tender offer

Category : World News

Stora Enso successfully completes Eurobond tender offer < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


STORA ENSO OYJ STOCK EXCHANGE RELEASE 9 March 2012 at 12.30 EET

Stora Enso has successfully repurchased notes with nominal value EUR 336

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