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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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TMK OAO (TMKXY: OTCQX International Premier) | TMK Launches Production of Super-Chrome Steel VIT

Category : Stocks, World News

TMK, a leading global manufacturer of tubular products for the oil and gas industry, has shipped the first pilot batch of vacuum insulated tubing (VIT) made of 13CrS steel (super-chrome steel) for Gazprom’s Bovanenkovo oil and gas condensate field on the Yamal peninsula. The quantity is about 500 running meters. Super-chrome steel VIT are highly resistant to aggressive environments. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

“When used in northern fields development, VIT contribute to greater energy efficiency and safety while reducing environmental impact and increasing wells’ life. The development and production of the new tubing is a good example of replacing imported products with those made domestically: previously, Russia had all these pipes supplied from abroad. Today, TMK is the only Russian company that has the technology in place to produce super-chrome steel VIT,” said Alexander Shiryaev, the Company’s CEO.

TMK (www.tmk-group.com)

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Bernanke: There is no stock bubble

Category : Stocks

Stocks have recently been hovering near a five-year high, but Federal Reserve Chairman Ben Bernanke says a stock market bubble is not in the works.

More: Bernanke: There is no stock bubble

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Apple’s boss in massive pay cut

Category : World News

Tim Cook is to take home a salary that works out to 1% of the $378m (£235m) he received to be Apple’s boss last year.

Read this article: Apple’s boss in massive pay cut

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TMK OAO (TMKXY: OTC Link) | ТМК Establishes Service JV in UAE

Category : Stocks

December 24, 2012

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Le Mans 24 Hours/World Endurance Championship: LMP1 Sports Prototype to Be Run by Weissach-Based Works Team

Category : Stocks

STUTTGART, GERMANY–(Marketwire – Dec. 8, 2012) - At the Weissach Motorsport Centre, preparations for the running of the new LMP1 sports prototype at the Le Mans 24 Hours and in the sports car World Endurance Championship are progressing at high revs. For this feat the infrastructure was considerably expanded. A new workshop building and an office complex have been completed. “The first rollout of our new LMP1 car is planned for mid-2013,” announced Wolfgang Hatz, Porsche AG Board of Management Member for Research and Development, on Saturday on the occasion of the end of season “Night of Champions” celebration. “The car will be run by our own works team based here at Weissach.”

Continue reading here: Le Mans 24 Hours/World Endurance Championship: LMP1 Sports Prototype to Be Run by Weissach-Based Works Team

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Wind Works Power Corp. (WWPW: OTC Link) | Attorney Letter with Respect to Current Information

Category : Stocks, World News

Fri, Dec 07, 2012 11:08 – Wind Works Power Corp. (WWPW: OTC Link) released their Attorney Letter with Respect to Current Information concerning Opinion Letter. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=96305.

Continue reading here: Wind Works Power Corp. (WWPW: OTC Link) | Attorney Letter with Respect to Current Information

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Sainsbury’s has the momentum but beware the internet

Category : Business

31 quarters in a row of like-for-like sales growth is a striking record and the formula clearly works. The long-term is a different matter

Justin King says he is very happy at Sainsbury’s and sees himself playing a part in the best growth opportunities of any major UK grocer. That’s not quite a denial of the Formula One rumours, but it’s close. Shareholders would rightly be miffed if King announced his departure in the next year.

What about the leadenly inserted boast about the best growth opportunities? Is it accurate? Actually, it probably is. Momentum is a powerful force in the supermarket game and Sainsbury’s has it: 31 quarters in a row of like-for-like sales growth is a striking record, especially given the old theory that the chain, perceived as pricey, was bound to get stuffed in a flat trading climate.

King has knocked that idea on the head and there’s no mystery as to how. The growth of internet shopping and the popularity of convenience stores are part of the same story and Sainsbury’s is clearly on-trend. Meanwhile, the Nectar loyalty card, spitting out individually tailored coupons, allows Sainsbury’s to dodge the worst of the voucher war raging elsewhere (see below). And the group’s southern bias is helpful. The formula works, and is likely to do so for some time yet.

The long-term is a different matter since, for supermarkets like Sainsbury’s, the rise of internet shopping is a great thing until it isn’t. The headache in prospect is too much out-of-town property, eating into returns on capital employed (currently flat at 10.9% at Sainsbury’s). But, at least from King’s perspective, that is not today’s problem.

The LIVESTRONG(R) Foundation Helps East Austin Cancer Survivor With Home Renovation as Part of Its Survivor Support Initiative

Category : Stocks

AUSTIN, TX–(Marketwire – Nov 8, 2012) – Today, the LIVESTRONG Foundation hosted a hard hat tour in East Austin at the home of bone cancer survivor Jose Antonio Ventura, whose home is undergoing a renovation as part of the LIVESTRONG Survivor Support Initiative. The Survivor Support Initiative, an effort designed to help cancer survivors facing exceptional challenges, is made possible because of the generosity of community partners including Balfour Beatty Construction, The Bommarito Group, HomeAway, Move Solutions Ltd., Redmon Construction, Rubbish Works and Texas Great Pyrenees Rescue. The home renovation will include interior and exterior upgrades and is expected to be completed by mid-December in time for the holidays.

Here is the original post: The LIVESTRONG(R) Foundation Helps East Austin Cancer Survivor With Home Renovation as Part of Its Survivor Support Initiative

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REMINDER: Macdonald-Cartier Bridge-Lane Reductions

Category : World News

GATINEAU, QUEBEC–(Marketwire – Oct. 27, 2012) - Public Works and Government Services Canada wishes to advise motorists that there will be lane reductions on the Macdonald-Cartier Bridge between Ottawa and Gatineau on Saturday, October 27, 2012.

Read the original: REMINDER: Macdonald-Cartier Bridge-Lane Reductions

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REMINDER: Closure of Alexandra Bridge

Category : World News

GATINEAU, QUEBEC–(Marketwire – Oct. 20, 2012) - Public Works and Government Services Canada (PWGSC) wishes to advise motorists of the closure of the Alexandra Bridge located between Ottawa and Gatineau, from 6:00 a.m. to 7:00 p.m. on Saturday, October 20 and Sunday, October 21, 2012.

Here is the original post: REMINDER: Closure of Alexandra Bridge

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