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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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Oil and gas sector exports grow

Category : Business, World News

Exports related to the oil and gas industry grow for the 14th year in a row and are now worth £17.2bn, a survey suggests.

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China agrees $8bn Airbus plane deal

Category : World News

China agrees to buy 60 planes from European firm Airbus, in a deal worth $8bn (£5.2bn) at list prices.

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Grand Campus Living Development Wins Innovator Award

Category : Stocks, World News

DALLAS, TX–(Marketwired – Apr 25, 2013) – On April 11th, 2013 the third annual InterFace Student Housing conference took place at the Hilton Austin in Austin, TX. The 2013 Innovator Awards were distributed to companies who demonstrated excellence and innovation in student housing. Grand Campus Living, a division of Lincoln Property Company, won “Best New Development of a Property with Fewer Than 200 Beds.” Grand Campus Living, alongside development partner Fountains Residential Partners, earned this distinction for their development The Vue in Fort Worth, TX. As the recipient of one of only three awards given for new off-campus housing, Grand Campus Living has established itself as a leader in student living and housing development.

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BA places order for 18 Airbus A350s

Category : Business, World News

British Airways orders 18 new Airbus A350s in a deal worth $6bn (£3.92bn).

Excerpt from: BA places order for 18 Airbus A350s

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Rare blue diamond found in S Africa

Category : Business, World News

An African company recovers a rare blue diamond, thought to be worth $10m (£6.5m), from its mine in South Africa.

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Lloyd Blankfein’s $21m haul makes him the world’s best paid banker

Category : Business

Goldman Sachs chief gets $13m in restricted shares and $5.7m cash bonus on top of his $2m annual salary

Goldman Sachs paid its chief executive, Lloyd Blankfein, $21m last year – and granted him a further $5m in bonus shares in January.

The Wall Street bank handed Blankfein $13.3m (£8.7m) in restricted shares and a $5.7m cash bonus on top of his $2m annual salary last year.

His total 2012 pay was $9m more than in 2011, and the highest since the $68m he received in 2007, before the financial crisis struck.

The payout, disclosed in a filing with the US regulator the Securities and Exchange Commission (SEC), makes Blankfein, 58, the world’s best paid banker.

On top of his annual pay Goldman granted him long-term incentive plan (LTIP) shares worth an additional $5m at today’s share price. But he will have to meet performance targets in order to collect the full amount, and the value of the shares could go up or down.

Blankfein’s top four lieutenants collected a total of $72m in annual pay, bonuses and share options last year.

Gary Cohn, president and chief operating officer, and David Viniar, chief finance officer, both received $19m, while Michael Evans and John Weinberg, both vice-chairmen, collected $17m each.

Cohn, Evans and Weinberg were also each granted LTIP shares worth $4m. But they will not be able to cash them in until at least December 2015.

Goldman paid its bankers an average of $400,000 last year, $30,000 more than in 2011. The total pay, bonuses and perks bill to its 32,400 staff came in at $13bn.

The payroll figures come after the bank, which was dubbed “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money” by Matt Taibbi in a Rolling Stone magazine article on the bank in 2010, reported a near-doubling of full year net profits to $7.5bn.

Goldman’s compensation committee said the bank’s bosses had “demonstrated exceptional leadership” and “performed extremely well throughout the year and made significant contributions to our firm’s overall success”.

It said Blankfein “continued to be a strong leader who demonstrated considerable commitment to our firm and our clients, as well as a deep and nuanced understanding of the strategic aspects of all our major businesses”.

The bank pointed out the pay was partly based on a “360 review process evaluation”, in which colleagues in all ranks of the business rate each others performance.

The payouts come despite a senior employee attacking it as “morally bankrupt” and revealing that senior Goldman bankers describe clients as “muppets”.

Greg Smith, who was based in London, published his savage resignation letter from the bank in the New York Times.

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.

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HMV sold in deal saving 141 branches

Category : World News

Collapsed music and DVD retailer HMV is rescued by restructuring specialist Hilco in a deal believed to be worth £50m.

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Barclays execs earn £39m in shares

Category : World News

Barclays awards nine senior staff shares worth nearly £39m in long-term bonuses, including £17.5m for investment bank chief Rich Ricci.

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China’s Suntech in $541m default

Category : Business

China’s Suntech Power Holdings, the world’s biggest solar panel maker, defaults on payment of $541m worth of bonds.

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