PennyStockPayCheck.com Rss

Featured Posts

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...

Read more

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...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

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...

Read more

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...

Read more

Real Madrid ‘richer than Man Utd’

Category : Business, World News

Real Madrid overtakes Manchester United as the world’s most valuable football club, according to business magazine Forbes.

Read more: Real Madrid ‘richer than Man Utd’

Post to Twitter

American Airlines planes back in the air after computer glitch

Category : Business

Computer systems restored after intermittent outages but airline cautions that delays and cancellations are still expected

American Airlines said its computer systems were restored after intermittent outages that lasted several hours on Tuesday, but it cautioned that flight delays and cancellations were still expected for the rest of the day.

The problems led American to ground its flights for much of the afternoon, stranding travelers across the country. American, a unit of AMR Corp, operates more than 3,500 daily flights worldwide.

The AMR Corp unit added in a statement that it saw no evidence that its technical outage was related to recent events in Boston.

Other carriers have also had problems with system outages. Last year, computer outages at United Continental Holdings stranded passengers at airports around the country.

American plans to merge with rival US Airways Group to form the world’s biggest air carrier.

Why Not Experience Being a Holiday Home Owner for a Day?

Category : Stocks

HEMEL HEMPSTEAD, UNITED KINGDOM–(Marketwired – April 15, 2013) - Haven and Willerby, a leading holiday home manufacturer, are offering that chance on Saturday 20th April across all of their 34 parks. Drop by for a BBQ and to meet the team and other owners. Have a look around the park’s facilities and have a nosey into some of the new holiday home models!

Originally posted here: Why Not Experience Being a Holiday Home Owner for a Day?

Post to Twitter

FTSE falls as China slowdown hits mining shares, but United Utilities lifted by bid talk

Category : Business

Leading shares undermining by disappointing Chinese GDP, with metal prices and mining groups under pressure

A smattering of bid talk was not enough to prevent markets moving lower, with mining shares leading the way down.

Disappointing economic data from China – a key market for commodities – hit metal prices, with gold falling to a two year low. China reported a 7.7% rise in first quarter GDP but this was lower than the 7.9% growth achieved in the fourth quarter of 2012 and below forecasts of 8%.

So Randgold Resources is down 366p to £45.92, not helped by Citigroup cutting its price target from £55.40 to £43 and issuing a sell recommendation. Polymetal International is down 57p to 802p while Fresnillo has fallen 79p to £11.94.

Eurasian Natural Resources Corporation has dropped 13.3p to 236.1p, with JP Morgan Cazenove edging down its price target to 295p from 300p.

Overall the FTSE 100 has fallen 68.22 points to 6316.17, despite takeover speculation lifting water shares. United Utilities has jumped 19.5p to 740.5p, a 2.7% rise following weekend reports the company was beefing up its defences against a bid. Infrastructure funds are said to be keen on UK utilities, which has also helped lift Severn Trent 19p to £17.25. But Peter Atherton at Liberum Capital was cautious:

United Utilities has (according to a Sunday Times article) appointed Goldman as an advisor. The Sunday Times says that this is to beef up its defence team against a possible bid, although the company is quoted as saying that the appointment was part of a normal review of advisors. Last week it was Pennon, this week United Utilities.

These rumours do the rounds every few months. The reason they keep re-appearing is that there is some logic. We know that infra funds like UK network assets and especially their inflation protection. But there are several things against a bid. First, we are already into year 3 of this 5 year regulatory cycle. So a bidder would only have 1.5 years left where they know the regulatory settlement. Ofwat are changing a lot in 2015 so a bidder would face considerable uncertainty over the post 2015 cash flow. Second is size, United Utilities has a market cap of £4.7bn so a bidder would need to pay somewhere north of £5.5bn which is probably too big for any infra fund (this is not 2006). So the chance of a bid – 20%.

Still with utilities, Centrica has climbed 1.3p to 380.7p after the British Gas owner linked up with Qatar Petroleum to pay $987m for oil and gas assets in Canada.

Luxembourg to relax bank secrecy

Category : Business

Luxembourg, under growing pressure from both Europe and the United States to tackle tax evasion, is to relax the secrecy surrounding its banks from 2015.

Link: Luxembourg to relax bank secrecy

Post to Twitter

Dr. Frederick N. Lukash Joins Long Island Plastic Surgical Group, PC

Category : World News

LONG ISLAND, NY–(Marketwired – Apr 10, 2013) – Long Island Plastic Surgical Group, PC (LIPSG), the largest and longest-running private academic plastic surgical practice in the United States, has announced the addition of Frederick N. Lukash, MD, FACS, FAAP as its 18th member physician.

Continue reading here: Dr. Frederick N. Lukash Joins Long Island Plastic Surgical Group, PC

Post to Twitter

Man Utd agree training ground deal

Category : Business, World News

Manchester United’s Carrington training ground is to be renamed in a deal worth around £15m a season.

The rest is here: Man Utd agree training ground deal

Post to Twitter

BigTime Goes Live With Loyalty & Retention Program for Etisalat

Category : Stocks, World News

LONDON, UNITED KINGDOM–(Marketwired – April 2, 2013) - BigTime, a leading boutique provider of mobile marketing, announced today that it has launched a churn reduction and loyalty program with Etisalat.

Read the original: BigTime Goes Live With Loyalty & Retention Program for Etisalat

Post to Twitter

Riverside, One of the UK’s Largest Social Housing Providers, Selects KANA Lagan Enterprise CRM for Improved Customer Service

Category : Stocks

BELFAST, UNITED KINGDOM–(Marketwired – Apr 2, 2013) – KANA Software, Inc., a global leader in customer service solutions, today announced Riverside, one of the leading registered social landlords in the UK, has selected the KANA Lagan Enterprise solution to support its customer service needs.

Read the rest here: Riverside, One of the UK’s Largest Social Housing Providers, Selects KANA Lagan Enterprise CRM for Improved Customer Service

Post to Twitter

Leeds United secure new investment

Category : World News

Leeds United owners GFH Capital sell 10% of the club to Bahrain-based International Investment Bank.

Read the rest here: Leeds United secure new investment

Post to Twitter