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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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Stocks: Apple, Amazon, Netflix earnings on tap

Category : Stocks

Investor attention will turn to a deluge of corporate earnings due out throughout the week, including Apple and Netflix.

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Castillian Resources Corp. (CTIIF: OTCQX International) | Home Country News Release – ALEXIS ACHIEVES TURN-AROUND TARGET WITH 5500 OUNCES

Category : World News

Castillian Resources Corp. has filed a Home Country News Release – ALEXIS ACHIEVES TURN-AROUND TARGET WITH 5500 OUNCES To view the full release click here (link to PDF).

Follow this link: Castillian Resources Corp. (CTIIF: OTCQX International) | Home Country News Release – ALEXIS ACHIEVES TURN-AROUND TARGET WITH 5500 OUNCES

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Telegraph extends paywall to UK

Category : World News

The Daily Telegraph is to extend its paywall to UK readers, the latest newspaper to turn to the measure as readerships become increasingly digital.

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REPEAT: Earth Hour-BMO Survey Shows 51% of Canadians Surprised by Costs of Utilities

Category : Stocks, World News

Turn the lights down low – Earth Hour takes place today between 8:30 and 9:30 p.m. local time

- BMO provides tips for homeowners on how to reduce their environmental footprint and overall utility bills

Read more: REPEAT: Earth Hour-BMO Survey Shows 51% of Canadians Surprised by Costs of Utilities

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Labour calls for economic ‘U-turn’

Category : World News

Shadow chancellor Ed Balls calls on George Osborne to make a swift “U-turn” on the economy, after growth forecasts were slashed in the Budget.

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The McCann Law Group LLP, DBA Consumer Attorney Services Ohio Lawyers Recognized as the Best Attorneys in the Area of Foreclosure Defense

Category : Stocks

JACKSONVILLE, FL–(Marketwire – Jan 24, 2013) – Homeowners in danger of losing their homes to foreclosure are often advised to seek legal consul. More often than not, these desperate individuals turn to their local Yellow Pages or the Internet, pick a Foreclosure Defense attorney at random, and hope for the best. Given this, a recent poll asked homeowners who beat foreclosure which attorneys they would turn to if once again faced with the prospect of losing their home. The answer given by the majority of participants was Consumer Attorney Services (CAS) and its network of Ohio based lawyers.

View original post here: The McCann Law Group LLP, DBA Consumer Attorney Services Ohio Lawyers Recognized as the Best Attorneys in the Area of Foreclosure Defense

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Rihanna Wears Jacob & Co. on SNL

Category : Stocks

NEW YORK, NY–(Marketwire – Dec 12, 2012) – Jacob & Co. stands for exquisite timepieces and fine jewelry, settings that resemble high-design concepts and artistic flare. For over 25 years, the company’s owner and designer Jacob Arabov combines creativity and comfort, achieving brilliantly designed, rare, and luxurious jewelry collections. It’s no surprise, that celebrities like Rihanna, Kim Kardashian, and Carrie Underwood turn to Jacob & Co. for their red carpet appearances.

See the rest here: Rihanna Wears Jacob & Co. on SNL

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Defence secretary to announce plans to expand and revitalise Territorial Army

Category : Business

Philip Hammond aims to give TA greater stature and considers incentives for ‘patriotic’ companies that employ reservists

Thousands of former soldiers, including those who have just been made redundant, are to be targeted to join the Territorial Army (TA) as part of controversial plans to reduce the size of the UK’s full-time force in favour of the reserves, the government will announce on Thursday.

Ministers are also considering giving kitemarks to reward “patriotic” companies that employ reservists and make it easy for them to be deployed, a green paper will say.

The proposals are all part of the restructuring of the British army, which is being cut in numbers by a fifth to 82,000.

To help offset the reduction, the Ministry of Defence intends to boost the number of reserves from 18,000 to 30,000 by 2020 – it is spending £1.8bn over the next decade providing new equipment, training and uniforms for the part-timers. Ministers are keen to rebrand the reserves to give them more stature.

To ensure the recruits are high quality, the army wants to encourage some of the 18,000 soldiers who leave the service every year to come back into the military fold with the TA.

“At the moment we do not know where they go or what they do after they leave the army,” said a source. “So we need to look at providing incentives for them to become reservists.”

In a speech on Thursday, Philip Hammond, the defence secretary, will say the reserves have “for too long been the forgotten part of our armed forces” and there needs to be a radical shift in the way they are treated and used.

“Over the last two decades, our reserves have fought alongside their regular colleagues, in the Balkans, in Iraq, in Afghanistan, taking the same risks, making the same sacrifice, decorated with the same honours and deserving the same recognition … they have been stretched, but have risen to the challenges they have been set.”

Hammond, who hopes to rename the TA the “Army Reserve”, will say the military is “looking for people who are going to turn out when they’re required to turn out, who are going to do the training they need to do and who are available for deployment.

“So the message to future reservists is clear, promise us you will make the commitment, turn up regularly to train and be prepared to deploy. And in return, we promise to equip you, train you, fund you and use you as an integral part of the British army.”

The green paper will set out ideas to overhaul the reserves and encourage companies to employ them.

The government wants to “reward supportive employers by creating a league of patriotic employers”. It has also promised to give companies more notice before reservists are deployed. However, the army will also need to increase the number of training days for reservists from 35 to 40 a year.

Companies that have already pledged to support the reserves include Deloitte, the AA, BAE Systems, BT, Capita, Carillion and Rolls-Royce.

Jim Murphy, the shadow defence secretary, said: “We support action to enhance the role of the reserves, but the government can go further to protect our reservists’ patriotism. Anti-discrimination legislation, improved pre-deployment training and better mental healthcare are vital. At a difficult time for many companies, employers must be given the support they need when their workers serve on reserve duty.”

Earlier this year, Hammond announced plans to scrap 17 units and up to 20,000 posts from the army. The cuts were one of the major consequences of a budget squeeze which forced the army into a root-and-branch review, and has left it trying to recruit an enormous number of reserves while pushing full-time soldiers to the door.

Yahoo’s Marissa Mayer era begins with a lift as firm posts ‘solid’ results

Category : Business

First set of results under new chief executive beat analysts’ expectations as Mayer says Yahoo’s future is ‘incredibly bright’

Yahoo beat analysts’ expectations on Monday as it posted its first set of results under Marissa Mayer, the former Google executive who took over the troubled internet firm in July.

Mayer said her first “nearly 100 days have been incredibly energizing” and that the company had achieved three quarters of modest growth. “Yahoo is a truly iconic company, one I’ve had respect for since I discovered it in 1994 as a Stanford student,” she said. “While we have a lot to do, the future for Yahoo is incredibly bright.”

Mayer, the first female engineer to be hired by Google, is Yahoo’s third full-time CEO since the company fired Carol Bartz in September 2011.

“Companies are all about people, it’s no secret that our team has experienced numerous changes,” she said. She said she had assembled a “dream team” to turn the firm around.

She said the company had made a “solid foundation” with its last three sets of results. Mayer said the company was positioning itself to compete once more with consumer internet firms like Facebook and Google. “We will become a growth company by inspiring and delighting our users,” she said. There was no “giant pivot”, said Mayer. Yahoo would not go into new businesses but grow by capitalising on search, news, its homepage and mobile.

The company’s shares rose in after-hours trading as Yahoo announced a slight increase in net revenue, which excludes fees paid to partner websites, to $1.09bn, compared with $1.07bn in the same period a year ago.

A $2.8bn gain from the sale of the company’s stake in China’s Alibaba drove up revenues, but earnings were still up from a year ago and above estimates.

Colin Gillis, an analyst at BGC Partners in New York, described the results as “solid”. “The stock has been trading like a distressed asset, so the fact that it’s not a sharp decline is great,” he said.

But Gillis said the results suggested Mayer and Yahoo were far from out of the danger zone. He said display advertising, an area where Yahoo is losing ground to Google and Facebook, was down quarter over quarter and flat year on year.

“She doesn’t have a lot of time to turn that around,” Gillis said.

Rail fares to be capped at lower level, David Cameron announces

Category : Business

Prime minister indicates government U-turn on rail fares, promising to cap them at 1% above inflation rather than 3%

David Cameron has promised to cap rail fares at a lower level than planned for two more years as the battle for Britain’s “squeezed middle” heats up.

Kicking off the Conservative party conference in Birmingham, the prime minister said rises in regulated rail fares and London bus and tube tickets would be capped at the RPI rate of inflation plus 1%, rather than the RPI plus 3% formula that had been set out in the 2010 spending review.

Downing Street said that would mean an annual saving of £45 for season ticket holders, while savings for some commuters could be as high as £200 over the next two years. It said the cap would benefit more than a quarter of a million annual season ticket holders and millions of Londoners, who would make an annual £25 saving on travelcards for zones one and two inside the city.

The move signifies another U-turn from the coalition government, having indicated in June that fares would rise at 3% above inflation from January. As inflation was running at around 3%, rail fares were due to increase by 6% on average and up to 11% in the most extreme cases. But that was met with almost universal opposition. Even train operators were against it, fearing it would alienate passengers.

The Department for Transport added that it hoped to maintain the cap on fares for franchised train operators from January 2015 onwards as the UK moved into a general election year.

Labour argued that the new cap was “meaningless” as the train companies could treat it as a benchmark for average increases, leaving room for much bigger rises on some routes, as long as the median increase panned out at RPI+1%.

The shadow transport secretary, Maria Eagle, said: “If this U-turn is to genuinely help passengers, then the government must stand up to the train companies and strictly enforce this new cap on every route.”

She said it was a “humiliating U-turn” for the prime minister, coming just a month after he forced Tory MPs to vote against Labour’s attempt to cap fare rises at 1% above inflation. “The government has spent two years claiming that these eye-watering fare rises were essential to fund investment despite the National Audit Office warning that they were just as likely to boost train company profits.”