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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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Nikkei tops 14,000 in five-year high

Category : Business, World News

Japan’s Nikkei index surged on Tuesday, rising above the 14,000 mark for the first time since June 2008.

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Stocks: Starting at record levels

Category : Business, Stocks

Investors will be looking at data on the U.S. housing market and more corporate earnings Tuesday to sustain momentum after Monday’s gains.

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VIDEO: Apple results may reveal profits fall

Category : Business, World News

Apple will report its latest set of results on Tuesday, and analysts say it will reveal first fall in profits in a decade.

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Verizon denies Vodafone bid rumours

Category : Business

Verizon quells speculation after reports it was preparing joint £161bn takeover with AT&T sent Vodafone shares to record high

Verizon Communications, the US telecoms company, has moved to quell speculation it is preparing a joint takeover of Vodafone, telling investors it has no plans for a bid.

Reports that Verizon and fellow US company AT&T were preparing a joint £161bn bid sent Vodafone’s shares to a decade-high on Tuesday, forcing Verizon to clarify its intentions.

Verizon has made no secret of its desire to take full control of the largest mobile network in the US, Verizon Wireless, which it owns jointly with Vodafone.

In a statement on Tuesday night, the company said: “As Verizon has said many times, it would be a willing purchaser of the 45% stake that Vodafone holds in Verizon Wireless. It does not, however, currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others”.

Vodafone shares soared as much as 6%, valuing the company at £94bn, after the Financial Times suggested the bid could be pitched at about 260p a share. At this price, it would be the world’s biggest ever corporate acquisition, dwarfing the current record-holder AOL’s $182bn (£120bn) takeover of Time Warner in 2000. They fell back 3%, to 187p, in early trading on Wednesday.

“We think that the wording of Verizon’s press release also makes it clear that Verizon have made their interest in the Verizon Wireless stake to Vodafone and been rebuffed,” said Robin Bienenstock, an analyst at Bernstein Research. “In other words, we view Vodafone as a (very) reluctant seller.”

One stumbling block is understood to be the large amount of tax Vodafone would have to pay should it sell all or part of its stake. The current ownership structure has allowed Vodafone to pay two large tax-free dividends from Verizon profits.

Rail franchising process to restart

Category : Business

The rail franchising process is to restart, the government will say on Tuesday, six months after the collapse of the West Coast deal stopped it.

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Cyprus banks shut until next week

Category : World News

Cyprus’s banks are to remain shut until at least next Tuesday as the cabinet meets in emergency session after a eurozone bailout was rejected.

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Florida man arrested for fraud related to Facebook IPO

Category : Business

Federal law enforcement officials arrested a Florida man Tuesday for allegedly defrauding investors by telling them he had access to shares of Facebook before its initial public offering.

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Dow hits new record in 8-day winning streak

Category : Business

U.S. stocks ended mixed Tuesday, but the Dow managed to eke out a gain and finished at a record high for the sixth straight day.

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Noront to Present at PDAC on Tuesday, March 5

Category : Stocks

TORONTO, ONTARIO–(Marketwire – March 1, 2013) - Noront Resources Ltd’s. (“Noront” or the “Company”) (TSX VENTURE:NOT) Ted Bassett, Lead Director, will be presenting at the Prospectors & Developers Association of Canada (PDAC) at 11:20 a.m. on Tuesday, March 5, 2013 in room 802AB, South Building of the Metro Toronto Convention Centre.

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Asia stocks hurt by Italian deadlock

Category : Business

Asian stocks fall in trading on Tuesday, trailing European and US shares lower, amid fears of renewed instability in the eurozone.

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