Financial News from ACN Newswire

  • Survey Spotlights Hong Kong's Entrepreneurial Spirit ACN Newswire - 1 hour 11 minutes ago

    Entrepreneur Day to Open 2 May with Record Exhibitor Attendance Hong Kong, Apr 24, 2014 - (ACN Newswire) - A recent Hong Kong Trade Development Council (HKTDC) survey reveals that 15 per cent of respondents are new entrepreneurs or would-be entrepreneurs, up eight percentage points over a similar survey conducted in 2011. "Start-ups Taking off: 2014 Report on Youth Entrepreneurship in Hong Kong," done jointly by the HKTDC and the Hong Kong Federation of Youth Groups (HKFYG), was conducted from November 2013 to February 2014 and divided into two parts. In the first part, 1,000 Hong Kong people, aged 18-35, were randomly contacted to get an estimation of new entrepreneurs and would-be entrepreneurs and their characteristics;

  • IFC Recognises SGX's Support in Commitment to Develop Asia's Capital Markets ACN Newswire - 2 hours 35 minutes ago

    Washington, D.C. & Singapore, Apr 24, 2014 - (ACN Newswire) - IFC, a member of the World Bank Group, today recognized the support of Singapore Exchange (SGX) in its initiatives to foster the development ...

  • Eisai Launches New Comprehensive Information Website about Neglected Tropical Diseases and Elimination … ACN Newswire - 7 hours ago

    Tokyo, Apr 24, 2014 - (JCN Newswire) - Eisai Co., Ltd. (Headquarters: Tokyo, President & CEO: Haruo Naito, "Eisai") announced today that it has launched a new comprehensive information website called the "Eisai Access to Medicines (ATM) Navigator" ( which provides information on Neglected Tropical Diseases (NTDs) and the various initiatives to eliminate these diseases in an easy to understand way. This is especially the case with NTDs, which are a group of tropical infections that are endemic to 149 countries worldwide, primarily affecting poor people in developing and emerging countries with over 1 billion people infected. This is caused by a number of complex factors in endemic countries such as inadequate medical supply systems, a lack of information about diseases, and the limited adoption of disease diagnosis, prevention and treatment methods. The "Eisai ATM Navigator" provides content that explains the causes, symptoms, infected regions, treatments and prevention methods for the 17 NTDs prioritized by the World Health Organization (WHO) as well as the three infectious diseases of HIV/AIDS, malaria and tuberculosis, in an easy to understand way.

  • Hong Kong Houseware, Textile Fairs Attract Nearly 46,000 Buyers ACN Newswire - 9 hours ago

    Twin Home-Product Fairs Finish Successful Four-Day Runs Hong Kong, Apr 24, 2014 - (ACN Newswire) - The HKTDC Hong Kong Houseware Fair and the HKTDC Hong Kong International Home Textiles and Furnishings ...

  • Gemalto first quarter 2014 revenue ACN Newswire - 13 hours ago

    -- Revenue up +7% at constant exchange rates -- Outlook for 2014 confirmed Amsterdam, Apr 24, 2014 - (ACN Newswire) - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces ...

  • EPAM Becomes The Fastest Rising Company in the Canadian CDN Top 100 Award History ACN Newswire - 23 hours ago

    Newtown, PA - April 23, 2014 -EPAM Systems, Inc. (NYSE:EPAM - News), a leading provider of complex product development and software engineering solutions and a leader in Central and Eastern European IT service delivery, was named the rising star on the CDN Top 100 Solution Providers 2013 list. Since 2012, EPAM has moved up 52 places on the list, qualifying as the fastest riser in the award history. Organized by IT World Canada and CDN, the premier digital news source for the Canadian technology channel, this annual ranking recognizes excellence and leadership of Canadian IT services providers. EPAM Systems expanded its regional footprint in 2012 through the acquisition of Thoughtcorp, a Toronto-based IT consultancy and software solution provider.

  • VietinBank to Launch the JCB Co-branding International Credit Card with Vietnam Airlines ACN Newswire - Wed, Apr 23, 2014 9:27 PM AEST

    Hanoi and Tokyo, Apr 23, 2014 - (ACN Newswire) - Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Airlines and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, officially announced VietinBank - Vietnam Airlines - JCB Co-branding card will be launched in May 2014. With the cooperation of three prestigious brands: Vietinbank, Vietnam Airlines and JCB, the new card is a high-end credit card in the market with 2 grades available: Gold and Platinum for VietinBank VIP clients and Vietnam Airlines Golden Lotus Plus cardmembers.

  • Suprema Live Scanners Deployed for Uganda Voter Registration ACN Newswire - Wed, Apr 23, 2014 9:08 PM AEST

    Seoul, Korea, Apr 23, 2014 - (ACN Newswire) - Suprema, Inc., a leading global provider of technology in biometrics and identification, today announced it provides Uganda several thousand RealScan-G10 live ...

  • Pure Storage Raises $225M, Valued at Over $3B by Leading Public Market Investors ACN Newswire - Wed, Apr 23, 2014 9:03 PM AEST

    With Plans for Continued Business Acceleration, Pure Storage Raises New Capital to Meet Market Demand, Expand Global Footprint and Preserve Long-Term Independence in Pioneering the All-Flash Future for ...

  • Cytokinetics to Host Investor Breakfast and Webcast Following Presentation of Results from BENEFIT-A … ACN Newswire - Wed, Apr 23, 2014 8:32 PM AEST

    South San Francisco, CA, April 23, 2014-Cytokinetics, Incorporated (Nasdaq:CYTK - News) announced today that it plans to host an Investor Breakfast and Webcast on the morning following the presentation of the results from the BENEFIT-ALS trial at the 66thAnnual Meeting of the American Academy of Neurology.  The Cytokinetics sponsored event will be held on Wednesday, April 30thfrom 7:00 AM - 9:00 AM Eastern Time in the Grand Ballroom of the Ritz Carlton Hotel, Philadelphia, PA. Cytokinetics will be represented by Robert I. Blum, President and Chief Executive Officer; Also participating will be Dr. Jeremy M. Shefner, Professor and Chair, Department of Neurology at the Upstate Medical University, State University of New York and Principal Investigator of BENEFIT-ALS;

  • Omnicare Reports First-Quarter 2014 Financial Results ACN Newswire - Wed, Apr 23, 2014 8:02 PM AEST

    CINCINNATI, April 23, 2014 - Omnicare, Inc. (NYSE:OCR) reported today financial results for its first-quarter ended March 31, 2014. First -Quarter Highlights: Net sales increase of 7.7% to $1.6 billion ...

  • SGX Posts Third-quarter Net Profit of $76 Million ACN Newswire - Wed, Apr 23, 2014 7:47 PM AEST

    - Revenue: $166 million, down 13% from a year earlier - Operating profit: $88 million, down 23% - Net profit: $76 million, down 22% - Earnings per share: 7.1 cents, down 22% - Interim dividend per share: ...

  • MOBI Development Again Obtains the Largest Share in the Bid for 4G Network Construction of a Particular … ACN Newswire - Wed, Apr 23, 2014 6:05 PM AEST

    HK:947), a Chinese leading one-stop provider of wireless communication antennas and base station RF subsystems, is pleased to announce that the Company once again becomes the largest provider of antenna system and base station RF subsystem products for a particular Chinese renowned equipment provider during the latter's bid for its 4G network construction. As wireless network building has boosted in China by the release of issuance of 4G licenses, China Mobile plans to build 270,000 Phase II TD-LTE network stations in 2014.

  • Hong Kong National Team Bags the Coveted Lion Trophy ACN Newswire - Wed, Apr 23, 2014 6:02 PM AEST

    Singapore, Apr 23, 2014 - (ACN Newswire) - The Hong Kong National Team triumphed over its opponents Singapore and Switzerland and emerged winner of the prestigious Battle For the Lion competition. The competition, held once every four years at the FHA (Food&HotelAsia) Culinary Challenge (FCC), Asia's top culinary competition, is held in high esteem by the fraternity. The top three national teams who attained the highest overall score at the National Team Challenge at FCC from 8 to 10 April proceeded to compete at the Battle for the Lion on 11 April 2014.

  • Regarding the Consolidation of System LSI Businesses in New Company ACN Newswire - Wed, Apr 23, 2014 4:59 PM AEST

    Tokyo, Apr 23, 2014 - (JCN Newswire) - Fujitsu Limited, Panasonic Corporation, and Development Bank of Japan, Inc. (DBJ) have signed a memorandum of understanding in which DBJ will make an investment and provide a line of credit for a new fabless company specializing in system LSI design and development which Fujitsu and Panasonic will jointly establish. Aiming for the global development of Japan's system LSI industry, Fujitsu and Panasonic have been in discussions about establishing a new company with a new business model(1).

  • NEC Opens Branch Office in Dubai to Strengthen ICT Social Infrastructure in the Middle East ACN Newswire - Wed, Apr 23, 2014 3:17 PM AEST

    Tokyo, Apr 23, 2014 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) announced today that its subsidiary NEC Saudi Arabia has opened a new office in Dubai in response to increased demand for reliable ...

  • Mazda Production and Sales Results for March 2014 and for April 2013 through March 2014 ACN Newswire - Wed, Apr 23, 2014 2:32 PM AEST

    Tokyo, Apr 23, 2014 - (JCN Newswire) - 1. Domestic Production (1) March 2014 Mazda's total production volume in March 2014 increased 0.4% compared to March 2013 due to increased production of commercial ...

  • Cannes Lions Names Ije Nwokorie as New Design Jury President ACN Newswire - Wed, Apr 23, 2014 1:47 PM AEST

    LONDON, Apr 23, 2014 - (ACN Newswire) - The Cannes Lions International Festival of Creativity, the largest and most notable awards honouring creativity in brand communications has appointed Ije Nwokorie, the new Global CEO of Wolff Olins as the Design Lions jury president. Ije replaces Karl Heiselman following his recent departure from Wolff Olins to Apple. Born in America, Nwokorie spent his early years in Nigeria, an experience he credits with underpinning his creative outlook, as it is a world where commerce, culture and creativity are necessarily intertwined with everyday life. Nwokorie joined the Wolff Olins team in 2006 as a senior strategist, was appointed managing director of Wolff Olins' London office in 2010 and became global CEO in 2014.

  • Connell Brothers Appoints General Manager of China ACN Newswire - Wed, Apr 23, 2014 11:40 AM AEST

    Former Bayer Material Science Executive to Lead China Operation for Asia's largest specialty chemicals and ingredients distributor Hong Kong, Apr 23, 2014 - (ACN Newswire) - Connell Brothers (CBC), a division ...

  • Connell Brothers Signs Exclusive Distribution Agreement to Introduce Immunity Boosting SGS(TM) Glucoraphanin … ACN Newswire - Wed, Apr 23, 2014 11:35 AM AEST

    Hong Kong, Apr 23, 2014 - (ACN Newswire) - Connell Brothers Company (CBC), the largest distributor of specialty chemicals and ingredients in Asia-Pacific announced today that it will begin marketing and ...

  • AerCap Sells Equity Interest in $750 Million Genesis Funding Limited Aircraft Securitisation Vehicle … ACN Newswire - Wed, Apr 23, 2014 6:12 AM AEST

    Amsterdam, The Netherlands; April 22, 2014 - AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that its wholly-owned subsidiary, AerCap International Bermuda Limited, has completed the ...

  • Endurance Specialty Holdings Ltd. Announces New Time for First Quarter 2014 Financial Results Conference … ACN Newswire - Wed, Apr 23, 2014 5:22 AM AEST

    Management to host conference call at 9:00 AM Eastern on Tuesday, May 6, 2014. PEMBROKE, Bermuda - April 22, 2014 - Endurance Specialty Holdings Ltd. (NYSE:ENH) a Bermuda-based provider of property and ...

  • Lubrizol Announces Asian Availability of Two Oeko-Tex® Certified Breathable Resins for use in Textil … ACN Newswire - Wed, Apr 23, 2014 4:22 AM AEST

    CLEVELAND, April 22, 2014 - The Lubrizol Corporation announces the availability of two Oeko-Tex®certified TPU (thermoplastic polyurethane) resins for use in breathable textiles in Asia. Both Estane®MVT 80 NT1 and Estane MVT 90 NT1, which are certified for Class I, II, III and IV uses by independent testing for harmful substances in textiles by the International Oeko-Tex Association, are now available via Lubrizol's Songjiang, Shanghai China manufacturing facility. Estane MVT80 NT1 (80 shore A) and Estane MVT90 NT1 (90 shore A) are high-moisture vapor transmission resins for use as monolithic films in textiles. Now, by offering these two Oeko-Tex®certified grades via our Shanghai facility, our processing partners are better positioned to supply their customers in a more efficient manner," notes Sally Lenhart, Lubrizol global market manager, performance films.

  • INC Research, LLC First Quarter 2014 Results of Operations Release Date and Conference Call ACN Newswire - Tue, Apr 22, 2014 11:02 PM AEST

    Raleigh, N.C., Apr. 22, 2014- INC Research, LLC (the "Company"), a leading, global Phase I to IV clinical research organization (CRO), will conduct a conference call to discuss its first quarter 2014 financial results at 10:00 a.m. ET on Tuesday, May 13, 2014.  The first quarter financial results will be available on the Company's secure website no later than May 12, 2014. To access the financial results and dial-in information for the conference call, a party must pre-register and certify that it is eligible to do so.  Access to the financial results and conference call will be available only to (1) holders of the Company's 11.5% Senior Notes due 2019, (2) hi-yield securities analysts and broker-dealers and (3) prospective investors that certify that they are qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended.  To receive information on how to pre-register and certify eligibility, parties must send an email tonoel.marsden@incresearch.comrequesting access to the financial results and conference call information no later than May 11, 2014.

  • Minerals Technologies Introduces New High-Density Talc Products for Polyolefins ACN Newswire - Tue, Apr 22, 2014 9:22 PM AEST

    NEW YORK, NY, April 22, 2014-Minerals Technologies Inc. (NYSE:MTX - News) announced today that it is introducing a new line of talc products for the polyolefin markets.  The new products will be marketed under the ULTRATALC® and MICROTALC® trademarks and will be commercially available by mid-year. "The introduction of these new products from our Performance Minerals unit is another example of the vitality of Minerals Technologies new product development pipeline," said Joseph C. Muscari, chairman and chief executive officer.

  • Cytokinetics Announces Results From BENEFIT-ALS Will Be Presented at the 66th Annual Meeting of the American … ACN Newswire - Tue, Apr 22, 2014 8:32 PM AEST

    South San Francisco, CA, April 22, 2014 - Cytokinetics, Incorporated (Nasdaq: CYTK) announced today that results from BENEFIT-ALS ( B linded E valuation of N euromuscular E ffects and F unctional I mprovement ...

  • Spikes Asia Opens for Delegate Registration, New Initiatives Announced ACN Newswire - Tue, Apr 22, 2014 1:54 PM AEST

    Singapore, Apr 22, 2014 - (ACN Newswire) - The Spikes Asia Festival of Creativity, the region's foremost Festival and Awards for the creative communications industry, has officially opened for delegate registration. Spikes Asia will encompass carefully curated seminars and forums, inspiring exhibitions of work, dedicated networking events and a celebratory Awards Ceremony which will bring the event to a close. Commenting on Spikes Asia, Terry Savage, Chairman of Lions Festivals says, "It's a really exciting time for Spikes Asia, not only because of its extended duration, but also because there are a host of new initiatives that put the spotlight on talent and training as well as new entry categories that reflect the direction of the industry in APAC. Two new entry categories are being introduced at Spikes Asia this year.

  • Mitsubishi Corporation Enters Elevator Business in Myanmar ACN Newswire - Tue, Apr 22, 2014 12:54 PM AEST

    Mitsubishi Corporation teams up with affiliates of Serge Pun & Associates to distribute Mitsubishi Electric elevators in Myanmar Tokyo, Apr 22, 2014 - (JCN Newswire) - Mitsubishi Corporation (MC) has entered ...

  • Endurance Specialty Holdings Reiterates Strategic Logic and Significant Premium in Acquisition of Aspen … ACN Newswire - Mon, Apr 21, 2014 11:42 PM AEST

    PEMBROKE, Bermuda, April 21, 2014 - Endurance Specialty Holdings Ltd. (NYSE:ENH - News) today said that the vehement refusal of Aspen Insurance Holdings Limited (NYSE:AHL - News) to consider its $3.2 billion proposal continues to deny its shareholders the ability to receive a highly attractive premium and an ongoing stake in a global industry leader. Michael J. McGuire, Chief Financial Officer of Endurance, said: "Having already rejected our proposal, Aspen's defensive statement simply repeats inaccurate characterizations andignores the plain fact that we are offering its shareholders significant value for their shares and the opportunity to participate in a larger, superior organization going forward.  This is another clear sign of an entrenched Board and management that is not aligned with shareholder interests. "Endurance remains clearly intent on consummating a transaction and not, as Aspen claims, just 'kicking the tires.'  Aspen well knows that customary due diligence is no roadblock and would not present any impediment to closing a negotiated transaction.  Moreover, the broad range of Aspen and Endurance shareholders with whom we have been speaking agree with the strategic rationale and financial benefits we outlined.  This stands in stark contradiction to Aspen's mischaracterization of market sentiment, which we strongly question," Mr. McGuire added.

  • Industry Leaders Gave Positive Testimonials for MTA HANOI 2014 ACN Newswire - Mon, Apr 21, 2014 7:27 PM AEST

    Vietnam's Definitive Manufacturing Solutions Trade Event Came to a Rousing Close Singapore, Apr 21, 2014 - (ACN Newswire) - Galvanised by three days of interactions with local Vietnamese players and international industry peers, some of MTA HANOI 2014's prominent participants, including Bystronic, Blum, DMG Mori, Kent, Hexagon Metrology, Mitutoyo, NT Tools, Seyi, Sodick, Star Micronics, Taegutec, Takamaz, TRUMPF, YG-1, Mazak and even the contingent from the Czech Republic Group Pavilion, had nothing but positive feedback on the time invested at MTA HANOI 2014, held from 1 - 4 April last week. "Vietnam's hearty investment landscape and local manufacturing sectors has positioned the region as one of immense growth potential in the minds of Czech's industry players. Our participation at MTA HANOI 2014 has made it possible for us to promote our home-grown brands and capabilities and through the multiple networking opportunities available during three show days we were able to glean valuable knowledge of Northern Vietnam's bustling manufacturing community and its prospects for future growth," said Mr. Petr Zemanek, General Manager of the Association of Engineering Technology, Czech Republic.

  • Finding Small Cap Equities that Grow in All Macro Environments ACN Newswire - Mon, Apr 21, 2014 5:15 PM AEST

    Jane M. White of Granahan Investment Management, Inc., an investment management firm at the marcus evans European Pensions & Investments Summit 2014, on small cap equity investing LONDON, Apr 21, 2014 - (ACN Newswire) - "Small cap companies have outperformed large caps in almost every market cycle," highlights Jane M. White, Co-Founder, President & Chief Executive Officer, Granahan Investment Management, Inc. "There are many innovative small cap companies with compelling products and services that do not need a positive macro environment in order to grow," according to White. However, there are a large number of US small cap companies, many of which are immature or low-growth businesses, so close scrutiny is required, she adds. Granahan Investment Management, Inc., an investment management firm that specializes in small cap equities, will be present at the marcus evans European Pensions & Investments Summit 2014 in Montreux, Switzerland, 28 - 30 April.

  • The Dos and Don'ts of Reviving Frozen Real Estate Projects in the Middle East ACN Newswire - Mon, Apr 21, 2014 5:11 PM AEST

    Ayman Okasha, a keynote speaker at the marcus evans Infrastructure & Property Development MEA Summit 2014, gives advice on achieving excellence when reviving frozen projects LONDON, Apr 21, 2014 - (ACN Newswire) - As infrastructure and property developers in the Middle East start reviving projects that were put on hold, there are a few things that they need to do differently, according to Ayman Okasha, GM Rental & Mirdiff, Union Properties. Okasha is a keynote speaker at the marcus evans Infrastructure & Property Development MEA Summit 2014.

  • The Second Season of the Chinese Miracle: The New Investment Opportunities Coming Our Way ACN Newswire - Mon, Apr 21, 2014 4:56 PM AEST

    LONDON, Apr 21, 2014 - (ACN Newswire) - "New rounds of reforms in China will bring about a second "season" of the "Chinese miracle" as the Prime Minister said. Many pension funds in Europe did not fully enjoy the investment opportunities the first time around, so they could catch up now," according to Dr Fan Gang, Director, China's National Economic Research Institute (NERI) & Secretary General, China Reform Foundation. A speaker at the marcus evans European Pensions & Investments Summit 2014, in Montreux, Switzerland, 28 - 30 April, Dr Gang talks about China's new model for economic growth and what Chief Investment Officers (CIOs) in Europe can look forward to.

  • Mitsubishi Corporation and Tata Consultancy Services Merge Subsidiaries to Form New IT Services Joint … ACN Newswire - Mon, Apr 21, 2014 4:10 PM AEST

    Tokyo, Apr 21, 2014 - (JCN Newswire) - Mitsubishi Corporation (MC) and Tata Consultancy Services (TCS) have reached an agreement to establish a new IT services company through the merger of three subsidiaries. ...

  • Hitachi to Deliver the World's Fastest Ultra-High-Speed Elevators With a Speed of 1,200 m/min for a Mixed-Use … ACN Newswire - Mon, Apr 21, 2014 3:41 PM AEST

    Tokyo, Apr 21, 2014 - (JCN Newswire) - Hitachi, Ltd. ("Hitachi" / TSE: 6501) and Hitachi Elevator (China) Co., Ltd. ("HELC") today announced that they will deliver the world's fastest ultra-high-speed elevators with a speed of 1,200 m/min (72 km/h) to the Guangzhou CTF Finance Centre (530 meters tall), a mixed-use skyscraper currently under construction in Guangzhou, China, for the full opening of the building in 2016. The elevator will feature technologies that support safe and comfortable elevator operation, in addition to the drive and control technologies needed to attain the world's fastest speed. Through these technologies, Hitachi will ensure that the elevator will provide passengers with a comfortable ride even when operated at high speeds.