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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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Rich-poor divide ‘picking up speed’

Category : Business

The gap between rich and poor widened more in the three years to 2010 than in the previous 12 years, according to the OECD.

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Housing demand ‘highest since 2009′

Category : Business

Demand for flats and houses in the UK has risen to its highest level for three and a half years, according to an industry survey.

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Singapore to host WTA Championships

Category : World News

The Women’s Tennis Association names Singapore as the host for its annual end-of-season tour championships for five years from 2014.

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Nikkei at 5-year high after best week since 2009

Category : Business, Stocks

A 3% stock rally Friday has pushed Japan’s Nikkei to its highest close in five years and the best week since the end of 2009.

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Did private equity hurt Hertz?

Category : Business, Stocks

Is Hertz better off today than it was seven years ago?

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Manchester United: The business of soccer

Category : Business, Stocks

Winning the richest national soccer league for 13 of the last 21 years has guaranteed a big slice of broadcast revenue, and allowed the club to amass a global following.

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Sony sees first profit in five years

Category : World News

Electronics giant Sony reports an annual profit for the first time in five years, boosted by a weakening yen and asset sales.

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Barratt upbeat on housing market

Category : World News

Housebuilder Barratt Developments reports improving sales and says market conditions are “the most positive we have seen for five years”.

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Ferguson to retire at end of season

Category : World News

Man Utd confirm manager is stepping down after 26 years to become director and ambassador.

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Queen’s speech: consumer bill of rights to cover faulty apps or downloads

Category : Business

Business ministers want to consolidate consumer rights and extend them to non-traditional internet or online purchases

Consumer rights covering products such as cars and white goods are to be extended to apps and music downloads in a consumer bill of rights to be unveiled in the Queen’s speech on Wednesday.

Jo Swinson, the consumer minister, said the government would update the law to make it “fit for the 21st century” by ensuring consumers can secure refunds or replacements if web-based products fail.

The Department for Business, Innovation and Skills estimates that the changes could save up to £4bn over 10 years by consolidating consumer rights in one place. These are currently split between eight pieces of legislation while powers giving trading standards officers the ability to investigate breaches of consumer law are spread across 60 pieces of legislation.

The changes will lead to:

• An updating of the law to give greater protection to consumers who download films, music and games – a £1bn industry. The bill will make clear that a consumer must receive a refund if an online game freezes or if a film stream is unwatchable even if the broadband connection is fine.

• New protections for consumers making it easier to apply for compensation for breaches of competition law and new powers for trading standards officers to seek court orders requiring compensation to be paid.

Swinson said: “Stronger consumer protection and clearer consumer rights will help create a fairer and stronger marketplace. We are fully aware that this area of law over the years has become unnecessarily complicated and too confusing, with many people not sure where to turn if they have a problem. We are hoping to bring in a number of changes to improve consumer confidence and make sure the law is fit for the 21st century.”

Richard Lloyd, executive director of the consumer rights organisation Which?, said: “A consumer bill of rights is a welcome step towards ensuring that we have consumer laws fit for the 21st century. This bill is about making it easier for people to understand their rights and giving consumers power to challenge bad practice. It should also mean that both consumers and regulators have the tools they need to challenge unscrupulous businesses that breach the law.

“There are many welcome proposals in this bill, including extending the power of collective redress in competition cases and reforming the law on unfair terms and conditions. We urge the government to go further and to extend civil remedy powers to allow private enforcement bodies, like Which?, to take action against rogue companies and force them to put things right for consumers.”