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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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Obama Talks Euro Troubles With Merkel, Monti

Category : Stocks

NEW YORK (TheStreet) — President Obama spoke with both German Chancellor Angela Merkel and Italian Prime Minister Mario Monti about economic conditions in Europe on Wednesday.

The White House sent an email confirming the two separate conversations took place. “The leaders agreed on the importance of steps to strengthen the resilience of the Eurozone and growth in Europe and globally,” the email said.

Read more from the original source: Obama Talks Euro Troubles With Merkel, Monti

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Sell Alcoa!: Against the Grain

Category : Stocks

Marek Fuchs, senior contributing analyst at TheStreet, turns sour ball on Alcoa.

Link: Sell Alcoa!: Against the Grain

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Obama Inadvertently Attacking Himself?

Category : Business

NEW YORK (TheStreet) — Barack Obama’s campaign may want to take a look in the mirror after its latest Web video targeting Republican presidential candidate Mitt Romney.

The video, which Obama’s campaign released Thursday, casts Romney’s record in Massachusetts as a list of broken promises.

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Flame Cyber Attack Overblown: Expert

Category : Stocks

NEW YORK (TheStreet) — The discovery of sophisticated new malware, dubbed “Flame” has made headlines around the world in the last few days, again raising the frightening prospect of cyber warfare. At least one security expert, however, says that at this stage the Flame threat is overblown.

“I feel like there’s a lot of hype about it at the moment,” Graham Cluley, senior technology consultant at antivirus specialist Sophos, told TheStreet. “The numbers don’t add up — there’s only a small number of computers that seem to be impacted.” The newly-discovered Flame malware has grabbed global attention.

Cluley adds that Flame has not even singed Sophos’s 100 million customers. …

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Continued here: Flame Cyber Attack Overblown: Expert

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Why Apple’s iTV (or Whatever It Will Be) Will Fail

Category : Stocks

NEW YORK (TheStreet) — A Forrester Research analyst made news on Thursday for saying something I have been writing about for months regarding Apple’s forthcoming iTV or whatever the heck it’s going to be.

Frankly, without the ability to access Steve Jobs, I am not sure Tim Cook even knows what it’s going to be.

Here’s what Forrester’s James McQuivey had to say on his blog : Let’s be clear what the company is up against in its long-rumored interest in the TV business. The reason it has failed with the Apple TV so far is not that it hasn’t tried. It’s that the TV business is a tough nut to crack: Content is still controlled by monopolists unlikely to give Apple the keys to their content archives. And simply introducing a new display on which to watch that content as it is currently delivered by existing distributors won’t offer consumers much that’s new. …

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Read the rest here: Why Apple’s iTV (or Whatever It Will Be) Will Fail

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U.S. Jobless Claims Fall 2,000 to 370,000

Category : Stocks

NEW YORK (TheStreet) — U.S. jobless claims for the week ended May 19 fell 2,000 to 370,000. …

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Durable-Goods Orders in April Rise 0.2%

Category : Stocks

NEW YORK (TheStreet) — Durable goods orders for April rose 0.2%, according to the Commerce Department.

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Analysts’ Actions: ARO, DUK, PPG

Category : Stocks

NEW YORK (TheStreet) — CHANGE IN RATINGS

Arch Coal was upgraded at Goldman Sachs from Sell. Valuation call, based on an $8 price target, Goldman said.

Assured Guaranty was upgraded at UBS to Buy from Neutral. $18 price target. Favorable risk/reward, UBS said. …

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Original post: Analysts’ Actions: ARO, DUK, PPG

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Gold: The World’s Friend for 5,000 Years

Category : Stocks

The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.

By Frank Holmes

NEW YORK (TheStreet) — Facebook’s highly anticipated initial public offering helped the company raise $16 billion, a record for tech IPOs. It’s refreshing to see investor excitement rally around the stock, as the U.S. needs innovative businesses to thrive and attract capital. However, as behavioral finance warns, be cautious of a herd mentality….

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How Delta and US Airways Fight High Fuel Prices

Category : Business

CHARLOTTE, N.C. (TheStreet) — Delta and US Airways are both trying innovative strategies for dealing with rising fuel prices.

The former bought an oil refinery, while the latter eschews the common airline industry practice of hedging fuel.

On Monday, US Airways shares closed at $10.71 after rising 6.5%, leading the airline industry. Shares have risen 105% this year, primarily on merger chatter, but appeared to gain Monday as a result of the unique approach to hedging. …

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Originally posted here: How Delta and US Airways Fight High Fuel Prices

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