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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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The Sound of Silence: First Nations Release Oil Spill Commercial Reminding British Columbians of Dangers and Costs of Oil Tankers

Category : Stocks, World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 24, 2013) - The Coastal First Nations today released a television commercial reminding British Columbians of the dangers and costs of bringing oil tankers to BC’s pristine coastal waters.

Original post: The Sound of Silence: First Nations Release Oil Spill Commercial Reminding British Columbians of Dangers and Costs of Oil Tankers

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Iceland gives oil and gas permits

Category : World News

Iceland awards two licences for oil and gas exploration and production in the waters off the north east coast of the Atlantic island.

Original post: Iceland gives oil and gas permits

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UPDATE 4-Japan protests as Chinese ships enter disputed waters – Reuters

Category : Stocks


Economic Times
UPDATE 4-Japan protests as Chinese ships enter disputed waters
Reuters
* Three Chinese ships enter Japan waters near disputed islands * Japan lodges official protest * Group of Taiwan ships to arrive at the islands later in day By Kiyoshi Takenaka and Antoni Slodkowski TOKYO, Sept 24 (Reuters) – Three Chinese ships
Chinese ships enter disputed Senkaku-Diaoyu islands watersThe Australian
China morning round-up: China-Japan tiesBBC News
China ships in Japan waters off isles: coastguardAFP
Reuters UK
all 1,777 news articles

Abducted South San Francisco kids in stolen yacht safely recovered – San Jose Mercury News

Category : Stocks


Daily Mail
Abducted South San Francisco kids in stolen yacht safely recovered
San Jose Mercury News
A domestic kidnapping case out of South San Francisco — which took a bizarre turn when the purported abductor loaded his two tots onto a stolen yacht in Alameda and set sail — ended Friday evening in the waters off the Monterey Peninsula where the
Two kids in suspected abduction case rescued from stolen sailboatCNN
Two kids recovered after boat chase in San Francisco Bay, Coast Guard saysFox News
Kids recovered after abduction, police saySan Francisco Chronicle
The Associated Press all 422 news articles

Business agenda: Flare-ups in the energy market and anxiety at the airport

Category : Business

Tony Hayward plunges back into a conflict zone, Premier Oil’s Falklands adventure excites investors and BAA gets ready for another rush

After the critical mauling former BP boss Tony Hayward received for his handling of Gulf of Mexico blowout, you would think he’d want a quiet life. But instead, his new job as boss of Genel Energy has put him at the centre of a skirmish between the oil barons of Iraq and Kurdistan.

Genel, whose backers include Nat Rothschild, has taken a bet on Kurdistan being the next big province for the oil industry and recently increased its stake in an exploratory field there. So the City will want to know Hayward’s take on the argy-bargy between Baghdad and Erbil at the company’s half-year results on Thursday. Iraq has threatened to cut ties with foreign oil companies if they violate Iraqi law and proceed with upstream work in the self-governing region. Kurdistan, meanwhile, is close to completing a pipeline to Turkey that will enable its producers to bypass Iraq altogether.

Mehmet Sepil, Genel’s president, is already feeling chipper: “Baghdad has lost its oil and natural gas fight against northern Iraq. Baghdad says it will put those who operate in northern Iraq on a blacklist but the largest companies in the world are working there. The energy fight is over today. The important question is when Baghdad will admit this.” My guess is not any time soon.

Premier still in choppy waters

There will be another chance to take the temperature of the (political) waters of the South Atlantic when plucky British explorer Premier Oil reports its first-half figures on Thursday.

Last week rival Desire Petroleum did its best to drum up excitement over the chances of a commercial oil strike off the Malvinas, as Buenos Aires likes to calls them. The buzz bodes well for Premier, which recently bought a 60% stake in Aim-listed Rockhopper Exploration’s interests in the Falkland Islands to get its hands on some of the action in the Sea Lion field, which could have between 400m and 500m barrels of recoverable reserves.

But the oil companies are battling in choppy seas, as the Argentinian government is threatening to take anyone “illegally” drilling off the disputed islands to court. The British government has promised to stand by its explorers, and many industry experts point out that the Argentinian court threats are highly unlikely to stand up under international law.

But some equity analysts have since questioned the wisdom of Premier choosing to put so many of its eggs into such a fragile basket. The chief executive, Simon Lockett, will need to explain why the Sea Lion should be allowed to roar.

Another hurdle for BAA

BAA, the owner of Heathrow airport, had a quietly successful Olympics – which counts as a major achievement for one of the UK’s more pilloried businesses. Given that success for BAA consists of not being caned by the national press on a daily basis, a glitch-free Games is cause for celebration. But it faces a more complicated repeat of that test on Wednesday when it is expecting its busiest arrival day for Paralympians, with more than 1,000 athletes expected to arrive while the airport handles about 190,000 passengers at the same time.

It will be an interesting introduction for BAA’s newest prospective shareholder, Qatar Holding, which has agreed to acquire a 20% stake in the business. Spain’s Ferrovial, which once owned 55% of BAA, will soon find its stake dipping below 40%. If the next few weeks go smoothly, as they hopefully should, then perhaps BAA can begin to think it has banished the operational glitches that have bedevilled its recent history, not least the terrible handling of the 2010 snow crisis. If errors abound, however, the ensuing media and political reaction might make the Qataris wonder what they have let themselves in for.

Focus Media jumps on offer to go private

Category : Business

Shares of Chinese advertising firm Focus Media surged on takeover hopes. The company had been accused of accounting fraud last year by notable short selling research firm Muddy Waters.

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Fraser River flooding threatens two B.C. communities

Category : World News

The rising waters of B.C.’s mighty Fraser River are threatening low lying homes in Prince George and Chilliwack, triggering evacuation orders and alerts in the two communities.

Original post: Fraser River flooding threatens two B.C. communities

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Tropical weather approaching Southeast – msnbc.com

Category : Stocks


Boston.com
Tropical weather approaching Southeast
msnbc.com
Subtropical storm Beryl began moving faster toward an expected landfall Sunday night on the Southeast US coast, threatening Memorial Day beachgoers with forecast conditions of dangerous surf and drenching rains. NBC's Kerry Sanders reports.
Beryl bringing rip currents to Palm Beach County's watersPalm Beach Post
Beryl threatens rain, winds on southeast coastThe Virginian-Pilot
Beryl: sunday morning updateWPEC
WNCT
all 1,431 news articles

How Muddy Waters spots fraud in China

Category : Business, Stocks

Investing in China can be complicated, to say the least. Just ask Carson Block, the founder of Muddy Waters Research, known for his keen eye for spotting fraudulent accounting practices at Chinese companies.

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Focus Media ([[FMCN]] +6.8%) spiked higher in late trading after filing a 20-F and an amended 6-K. In the 6-K, Focus restates its 2011 results to account for a $38.3M impairment loss related to its investment in VisionChina (VISN). This results in…

Category : Stocks, World News

Focus Media (FMCN +6.8%) spiked higher in late trading after filing a 20-F and an amended 6-K. In the 6-K, Focus restates its 2011 results to account for a $38.3M impairment loss related to its investment in VisionChina (VISN). This results in its 2011 GAAP EPS falling to $1.17 from $1.45. However, its non-GAAP EPS remains fixed at $2.05. Frequent critic Muddy Waters isn’t satisfied. Post your comment!

More: Focus Media ([[FMCN]] +6.8%) spiked higher in late trading after filing a 20-F and an amended 6-K. In the 6-K, Focus restates its 2011 results to account for a $38.3M impairment loss related to its investment in VisionChina (VISN). This results in…

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