Financial News from ACN Newswire

  • Asia's Largest Hong Kong Houseware Fair, Textile Fair Open ACN Newswire - 13 hours ago

    Twin Fairs Welcome Nearly 2,300 Exhibitors for Four-Day Run Hong Kong, Apr 20, 2014 - (ACN Newswire) - Nearly 2,300 exhibitors from 36 countries and regions are taking part in the HKTDC Hong Kong Houseware ...

  • Minerals Technologies Extends Tender Offer for Outstanding Shares of AMCOL International ACN Newswire - Fri, Apr 18, 2014 9:02 PM AEST

    NEW YORK, NY -April 18, 2014-Minerals Technologies Inc. (NYSE:MTX - News) announced today that it has extended its tender offer to purchase all outstanding shares of AMCOL International Corporation (NYSE:ACO - News) for $45.75 per share in cash. All terms and conditions of the tender offer, other than the expiration date, remain the same. Unless extended further, the tender offer will now expire at 9:00 a.m., New York City time, on May 2, 2014. The tender offer was previously scheduled to expire at 9:00 a.m., New York City time, on April 18, 2014.

  • Playstation4 (PS4) Sales Surpass 7.0 Million Units Worldwide ACN Newswire - Fri, Apr 18, 2014 5:44 PM AEST

    PS4 Furthers Global Momentum as Gamers Embrace Its Breakthrough Gameplay and Innovative Sharing Capabilities Tokyo, Apr 18, 2014 - (JCN Newswire) - Sony Computer Entertainment Inc. (SCE) today announced ...

  • Endurance Announces Richard Housley as Global Property Insurance Lead ACN Newswire - Fri, Apr 18, 2014 5:22 AM AEST

    PEMBROKE, Bermuda - April 17, 2014 - Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that Richard Housley ...

  • Endurance Specialty Holdings Comments on Aspen Insurance Holdings' Poison Pill Adoption ACN Newswire - Fri, Apr 18, 2014 1:52 AM AEST

    PEMBROKE, Bermuda, April 17, 2014 - Endurance Specialty Holdings Ltd. ("Endurance") (NYSE:ENH - News) today commented on Aspen Insurance Holdings Limited's ("Aspen's") (NYSE:AHL - News) adoption of a poison pill "shareholder rights plan" in response to Endurance's April 14 proposal to acquire all of the common shares of Aspen for $3.2 billion, or $47.50 per Aspen share, with a combination of cash and Endurance common shares. Michael J. McGuire, Chief Financial Officer of Endurance, said: "At a time when the Aspen board should be seriously considering an opportunity to deliver significant value to its shareholders, it is instead focused on blocking them from receiving that value and on taking actions to entrench themselves.  This is not a surprise given the lack of alignment and clear disdain Aspen's Board has shown for its shareholders in summarily rejecting our proposal without any discussion whatsoever.

  • Why the Infrastructure Investment Opportunities in Latin America Beat Those of Developed Countries ACN Newswire - Fri, Apr 18, 2014 12:10 AM AEST

    Federico Restrepo Posada, a speaker at the marcus evans Latin Infrastructure and Property Development Summit 2014, discusses the opportunities in Latin America today NEW YORK, NY, Apr 17, 2014 - (ACN Newswire) - As the US and European economies recover, some foreign infrastructure and property investors in Latin America may be tempted to invest back into the stronger economies. However, Federico Restrepo Posada, Chief Executive Officer at Autopistas para la Prosperidad, believes that the opportunities in the developed countries will not be better than what Colombia and some other countries in the region already have on the table. "There is a perception that investing in some emerging markets is risky, but over the last ten years, they have provided very attractive investment opportunities," he says.

  • What Pension Fund Investors Could Learn from Adair Turner ACN Newswire - Fri, Apr 18, 2014 12:00 AM AEST

    Adair Turner, a speaker at the marcus evans European Pensions & Investments Summit 2014, shares his outlook on the economy and what implications it may have on investors LONDON, Apr 17, 2014 - (ACN Newswire) - A drop in interest rates in the past 15 years has induced a "ferocious 'search for yield uplift'", making some pension fund investors "susceptible to claims that clever financial structuring could deliver additional yield without apparent additional risk," according to Adair Turner, Former Chairman, Financial Services Authority (FSA). Lord Turner is a speaker at the marcus evans European Pensions & Investments Summit 2014, in Montreux, Switzerland, 28 - 30 April. Ahead of the 2008 crash, many central bankers and regulators believed that the global economy and financial system had become more stable, that a "Great Moderation" reigned.

  • Engaging the Four Target Groups in Pharma Today: Why a Coordinated Approach is a Must ACN Newswire - Thu, Apr 17, 2014 11:39 PM AEST

    Leslie C. North, a speaker at the marcus evans PharmaMarketing Summit 2014, discusses how pharma companies could better engage with their target groups. NEW YORK, NY, Apr 17, 2014 - (ACN Newswire) - "Pharmaceutical product marketers have always had to get the target, message and frequency right; However, with healthcare reform, they now have four different groups of targets, each one requiring a different strategy. To be competitive, a coordinated approach is a must," says Leslie C. North, Former Vice President, Marketing, Bayer Healthcare Pharmaceuticals.

  • MEGA BUILD INDONESIA and KERAMIKA 2014 Grows by 75% ACN Newswire - Thu, Apr 17, 2014 7:35 PM AEST

    Stronger participation signals growth potential of the Indonesia's construction and ceramic industry JAKARTA, Apr 17 - Mr. MS. Hidayat, The Minister of Industry of the Republic of Indonesia visits a booth ...

  • Spring HKTDC Electronics Fair, ICT Expo Attract More than 92,000 Buyers ACN Newswire - Thu, Apr 17, 2014 6:48 PM AEST

    Twin Fairs Close with Record Exhibitor Count Hong Kong, Apr 17 - The Hong Kong Electronics Fair (Spring Edition) and the International ICT Expo attracted more than 92,000 buyers during their four-day run, ...

  • Pacifica Capital K.K. Secures Project Finance Loan For Solar Plants ACN Newswire - Thu, Apr 17, 2014 6:46 PM AEST

    Tokyo, Apr 17, 2014 - (ACN Newswire) - Solar power and real estate developer Pacifica Capital K.K. is pleased to announce that it has executed one of the first non-recourse project finance loans for solar projects in Japan among foreign capital companies. "Pacifica has been on the leading edge of non-recourse financing in Japan for 15 years," said Seth Sulkin, President & CEO of Pacifica Capital K.K. "Bank requirements for solar financing are far more exacting than commercial real estate, given the lack of collateral value. We intend to use the expertise gained in structuring this loan not only for projects originated by Pacifica in the future, but to offer loan arrangement and asset management services to third-party developers."

  • Northwestel Selects Fujitsu for Extension of Broadband Capabilities to Serve Remote Northern Canadian … ACN Newswire - Thu, Apr 17, 2014 6:25 PM AEST

    With first North American deployment of proven Fujitsu Long-Haul Microwave Radio System, Northwestel demonstrates commitment to supporting social and economic development in the North Tokyo, Apr 17, 2014 - (JCN Newswire) - Fujitsu, a leading provider of business, information technology, and communications solutions, has announced that Northwestel, a communications solutions provider in northern Canada, has chosen Fujitsu Network Communications, Inc. as its partner to bring broadband connectivity to communities of the Western-Arctic's Mackenzie Delta area. Northwestel will implement Fujitsu's long-haul, packet transport, microwave technology as part of a five-year Modernization Plan designed to upgrade telecommunications solutions for northern businesses, residential customers and local governments.

  • Supplementary Information about Sale of SQUARE ENIX HOLDINGS CO., LTD. Shares Held by Sony Computer Entertainment … ACN Newswire - Thu, Apr 17, 2014 2:59 PM AEST

    Tokyo, Apr 17, 2014 - (JCN Newswire) - With respect to the sale of all of the shares (9,520,000 shares) of SQUARE ENIX HOLDINGS CO., LTD. held by Sony Computer Entertainment Inc. ("SCEI"), a ...

  • Saudi Arabian Alfarouq Residential Compound Installs Zhone Technologies FiberLAN for Advanced Broadband … ACN Newswire - Wed, Apr 16, 2014 10:12 PM AEST

    Contacts Aurora Arlet Zhone Investor Relations Edelman for Zhone Public Relations Tel: +1 510.777.7013 Tel: +1 404.460.8578 Fax: +1 510.777.7001 E: aurora.arlet@edelman.com E: investor-relations@zhone.com ...

  • AMES Awards Receive Record Number of Entries ACN Newswire - Wed, Apr 16, 2014 9:09 PM AEST

    Singapore, Apr 16, 2014 - (ACN Newswire) - The Asian Marketing Effectiveness & Strategy Awards, Asia Pacific's premier awards honouring clients and agencies for effective marketing strategies, has received ...

  • Twitter to Deliver Visionary Address at CommunicAsia2014 and BroadcastAsia2014 Conferences ACN Newswire - Wed, Apr 16, 2014 7:57 PM AEST

    Address will highlight the power of live and authentic social engagement for businesses and brands; More than 150 C-level executives to address industry trends and challenges for the ICT and Broadcast ...

  • Singapore Takes the Lead in Integrated Urban Solutions ACN Newswire - Wed, Apr 16, 2014 6:09 PM AEST

    World Cities Summit, Singapore International Water Week, and CleanEnviro Summit Singapore to drive innovation, co-creation, and sharing of solutions across urban development, water, and waste management in June Singapore, Apr 16, 2014 - (ACN Newswire) - Singapore is once again taking the lead to encourage governments and industry to come together to share and co-create solutions with an integrated approach to urban sustainability. They will converge at the World Cities Summit, Singapore International Water Week and CleanEnviro Summit Singapore that will be jointly held from 1 to 5 June 2014 at the Sands Expo & Convention Center at Marina Bay Sands, Singapore.

  • Thomson Reuters Named 'Best Data Provider to the Sell Side' in Sell-Side Technology Awards ACN Newswire - Wed, Apr 16, 2014 6:02 PM AEST

    Award recognises Thomson Reuters commitment to innovation and increasing breadth of coverage LONDON, NEW YORK, 16 April 2014 -Thomson Reuters today announced that it has been recognised as 'Best Data Provider to the Sell Side' at the Sell-Side Technology Awards 2014. Thomson Reuters was recognised for its expansion of the breadth and depth of data available to customers, as well as the innovative enhancements it has made around search, data analysis and ease of use across its products - across asset classes and in specific areas of foreign exchange, commodities and equities. It also reflects developments made over the last year to Elektron, Thomson Reuters suite of trading and data propositions.

  • Sony and Hydro-Quebec Announce the Establishment of a Joint Venture to Start Development of a Large-Scale … ACN Newswire - Wed, Apr 16, 2014 3:36 PM AEST

    Tokyo, Apr 16, 2014 - (JCN Newswire) - Sony Corporation and Hydro-Quebec today announced that they have agreed to establish a joint venture to research and develop a large-scale energy storage system for power grids. Sony and Hydro-Quebec plan to establish the new company in June, 2014. Forecasts indicate that demand for large-scale energy storage systems will increase in the future, to meet high level demand for electric power during peak times, stabilize fluctuations in electricity generated by renewable energy sources such as solar and wind power that are gaining traction, and secure a stable power supply in case of outages or disasters. Furthermore, the energy storage system for such power supplies must be highly safe and reliable due to the need for an efficient and stable source of high capacity power.

  • Grundfos: MTR PUMPS Cut part costs with a completely leakage-free pump ACN Newswire - Wed, Apr 16, 2014 1:06 PM AEST

    Denmark, Apr 16, 2014 - (ACN Newswire) - Leakage-free pumps are a top priority in any machining process. Leaking pumps may lead to costly downtime and in turn influence the part cost. But with the new ...

  • MicroAd Singapore Announces 'MicroAd BLADE' Starts Delivery of Smartphone Ads in APAC Countries ACN Newswire - Wed, Apr 16, 2014 12:14 PM AEST

    MicroAd BLADE inventories in APAC Singapore, Apr 16, 2014 - (ACN Newswire) - MicroAd Singapore Pte Ltd, a leading Online Ad Platform company in Asia-Pacific countries, has launched a new service where ...

  • EPAM Systems, Inc. Announces Date for First-Quarter 2014 Earnings Release and Conference Call ACN Newswire - Wed, Apr 16, 2014 5:52 AM AEST

    Newtown, PA - April 15, 2014 - EPAM Systems, Inc. (NYSE: EPAM), a leading provider of complex software engineering solutions and a leader in Central and Eastern European IT service delivery, today announced ...

  • Thomson Reuters to Host 2nd Australian Regulatory Summit in Sydney ACN Newswire - Tue, Apr 15, 2014 10:22 PM AEST

    Thomson Reuters to Host 2 nd Australian Regulatory Summit in Sydney Summit to be held on 13 May, 2014 at the Four Seasons Hotel Sydney Sydney, 15 April, 2014 - Thomson Reuters, the world's leading source ...

  • Applied Materials Teaming with Central Hudson Gas & Electric to Demonstrate Superconducting Fault Current … ACN Newswire - Tue, Apr 15, 2014 8:32 PM AEST

    Applied joins Central Hudson Gas and Electric, SuperPower Inc., and Three-C to demonstrate technology designed to safeguard power grids from damaging effects of fault currents Superconducting fault current limiter has potential to improve grid reliability and overall power transfer capabilities, and reduce infrastructure costsSANTA CLARA, Calif., April 15, 2014 - Applied Materials, Inc. today announced that it has completed the assembly of a superconducting fault current limiter (SCFCL) system for installation and on-grid testing at the Knapps Corners substation owned and operated by Central Hudson Gas and Electric Corp. (Central Hudson) in New York. This SCFCL system, which is scheduled to become operational in May 2014, is designed to help protect Central Hudson's electricity grid from the potentially devastating effects of electrical faults.

  • Fujitsu Develops Technology to Quickly Detect Latent Malware Activity in Internal Networks ACN Newswire - Tue, Apr 15, 2014 6:11 PM AEST

    Tokyo, Apr 15, 2014 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced that it has developed technology that quickly detects latent malware activity in a network. This technology monitors an internal network to protect against advanced persistent threats (APT) on specific companies or individuals, an increasingly common problem. APT employ malicious programs known as malware which cannot always be detected by ordinary antivirus software, so security measures that protect the entryways to internal networks are limited. In addition, with malware infections, it is often the case that the attackers, through remotely controlled operations that are disguised in the flow of ordinary communications from outside the network, can carry out hidden activities for long periods of time.

  • Fujitsu Develops Platform Technology that Speeds Development of On-Site Information Exchange Service … ACN Newswire - Tue, Apr 15, 2014 5:47 PM AEST

    Services can be set up quickly to facilitate connectivity and collaboration using mobile devices to bring people together Tokyo, Apr 15, 2014 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced that it has developed platform technology that speeds delivery of information exchange services, such as for work collaboration or screen sharing, using devices or equipment at a given location. Recently there has been growing interest in services that provide necessary information or applications to people who have gathered for activities at a particular place. Now Fujitsu Laboratories has developed technology whereby services can be provided quickly to link people or equipment, without the need to register members in advance or install any drivers.

  • Eisai CEO Haruo Naito Appointed Knight Commander of British Empire ACN Newswire - Tue, Apr 15, 2014 5:35 PM AEST

    Tokyo, Apr 15, 2014 - (JCN Newswire) - Eisai Co., Ltd. (Headquarters: Tokyo, President & CEO: Haruo Naito, "Eisai") announced today that in recognition of his valuable contribution to relations between Britain and Japan, Her Majesty Queen Elizabeth II has appointed Dr. Haruo Naito, President & CEO of Eisai Co., Ltd. to be an Honorary Knight Commander of the Order of the British Empire (KBE). Dr. Naito has continued to demonstrate steadfast commitment to the U.K. and Europe, acting as de facto figurehead for the British Government's campaign to attract investment from the Japanese life sciences industry.

  • IFC Exercises Convertible Bond in Wintermar Offshore Marine (IDX:WINS) for 4.92% of Enlarged Capital ACN Newswire - Tue, Apr 15, 2014 5:00 PM AEST

    Jakarta, Indonesia, Apr 14, 2014 - (ACN Newswire) - PT Wintermar Offshore Marine Tbk (WINS) is pleased to announce that IFC, a member of the World Bank Group focused on private sector development, has ...

  • Reuters Wins Pulitzer Prize for International Reporting, Finalist for Investigative Reporting and Breaking … ACN Newswire - Tue, Apr 15, 2014 10:13 AM AEST

    NEW YORK, April 14, 2014 -Reuters, one of the world's largest multimedia news providers, was today awarded the 2014 Pulitzer Prize in International Reporting. Reuters journalists Jason Szep, Andrew R.C. Marshall and team were honored with the first-ever text Pulitzer Prize to be won by Reuters for their series on the oppression of the Muslim Rohingya of Myanmar. Awarding the prize to Reuters in the International Reporting category, the Pulitzer committee recognized the team for ".their courageous reports on the violent persecution of the Rohingya, a Muslim minority in Myanmar that, in efforts to flee the country, often falls victim to predatory human-trafficking networks." A series by Megan Twohey, which exposed the underground market for adopted children, was named a finalist in the Investigative Reporting category and Goran Tomasevic was named a finalist in the Breaking News Photography category for a series of photographs documenting frontline combat in Syria.

  • Advent Software to Release First Quarter Results for 2014 on Monday, April 28, 2014 ACN Newswire - Tue, Apr 15, 2014 5:22 AM AEST

    SAN FRANCISCO - April 14, 2014 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the global investment management industry, announced today that it will release its ...

  • Endurance Specialty Holdings Comments on Aspen Insurance Holdings' Summary Rejection of Proposal ACN Newswire - Tue, Apr 15, 2014 3:22 AM AEST

    PEMBROKE, Bermuda, April 14, 2014 - Endurance Specialty Holdings Ltd. ("Endurance") (NYSE:ENH - News) today commented on Aspen Insurance Holdings Limited's ("Aspen's") (NYSE:AHL - News) summary rejection of its proposal to acquire all of the common shares of Aspen for $3.2 billion, or $47.50 per Aspen share, with a combination of cash and Endurance common shares. "That's a lot of value to leave on the table," said John Charman, Chairman and CEO of Endurance.  "Cut through the rhetoric, and this transaction is all about value and the fact that Aspen shareholders are being denied the opportunity to realize that value. We believe shareholders will see the limitations of the Aspen 'go-it-alone' plan, which they have been pursuing unsuccessfully, and will recognize the value of the transaction we are proposing - and, in so doing, will make their views known to the Aspen board of directors."

  • HootSuite Appoints Ajai Sehgal Chief Technology Officer ACN Newswire - Mon, Apr 14, 2014 11:10 PM AEST

    Former Groupon and Expedia executive to lead HootSuite's technology and product teams Singapore, April 14 - Ajai Sehgal, former Groupon and Expedia executive to lead HootSuite's technology and product teams as CTOSingapore, Apr 14, 2014 - (ACN Newswire) - HootSuite, the world's most widely used social relationship platform, today announced the appointment of Ajai Sehgal as Chief Technology Officer (CTO). Sehgal brings expertise in building high-growth, high-volume development organizations to his role at HootSuite, heading the company's team of software engineers and driving product strategy.

  • AIR Worldwide Appoints Dr. Jayanta Guin Executive Vice President ACN Newswire - Mon, Apr 14, 2014 7:52 PM AEST

    BOSTON, April 14, 2014 - Catastrophe modeling firm AIR Worldwide (AIR) today announced that Dr. Jayanta Guin has been appointed executive vice president. In his new role, Dr. Guin will continue to direct AIR's innovative research program as well as assist with strategic management of AIR's overall business strategy and new initiatives. Dr. Guin will also lead research and model development efforts for emerging risks across the globe, such as excess mortality, and oversee an enhanced analytical framework for a new generation of catastrophe models. AIR is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK - News).

  • HKTDC-World Intellectual Property Organization Sign MOU ACN Newswire - Mon, Apr 14, 2014 6:53 PM AEST

    Two Organisations Agree to Promote Green Tech Innovation Online Hong Kong, Apr 14 - HKTDC Assistant Executive Director Raymond Yip (left) and WIPO Deputy Director General Christian Wichard sign an MOU ...

  • Flytxt Partners with VoltDB for Real-time Streaming Analysis of Mobile Communication Service Provider … ACN Newswire - Mon, Apr 14, 2014 6:16 PM AEST

    VoltDB's High Velocity Operational Database Further Enhances Flytxt's Real-time Analytics and Contextual Marketing Capabilities to Monetize Data Faster and More Efficiently BEDFORD, Mass., Apr 14, 2014 ...