Financial News from ACN Newswire

  • NEC Opens Branch Office in Dubai to Strengthen ICT Social Infrastructure in the Middle East ACN Newswire - 2 hours 25 minutes ago

    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 - 3 hours ago

    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 - 3 hours ago

    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 - 6 hours ago

    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 - 6 hours ago

    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 - 11 hours ago

    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 - 12 hours ago

    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 - 13 hours ago

    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 - 18 hours ago

    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 - 20 hours ago

    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 - 21 hours ago

    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.

  • Acura Exhibits RLX Sport Hybrid SH-AWD, a China Premiere, at the Beijing International Automobile Exhibition … ACN Newswire - Mon, Apr 21, 2014 2:04 PM AEST

    Tokyo, Apr 21, 2014 - (JCN Newswire) - Acura today exhibited the China premiere of the RLX hybrid version equipped with the Sport Hybrid SH-AWD (Super Handling - All Wheel Drive) system, at the 13th Beijing ...

  • Asia's Largest Hong Kong Houseware Fair, Textile Fair Open ACN Newswire - Sun, Apr 20, 2014 3:21 PM AEST

    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 ...