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Regional headquarters to offer private equity, investment management and real estate

MANAMA, Bahrain - Sunday, January 27th 2013 [ME NewsWire]

(BUSINESS WIRE)-- PineBridge Investments, the global independent asset manager, today officially opened its MENA headquarters in the GBCORP Tower, Bahrain Financial Harbour district in Manama.

H.E. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain was joined by dignitaries, and leading executives from the Board of the firm, including Mervyn Davies, Lord Davies of Abersoch, CBE, Non-Executive Chairman of PineBridge Investments, David T. Jiang, CEO of PineBridge Investments, and Talal Al Zain, CEO of PineBridge Investments Middle East, as he officially opened the office.

The establishment of the headquarters will spearhead PineBridge’s expansion in the Middle East, North Africa and Turkey. The firm will offer world-class investment management services including innovative, core and alpha-orientated solu ... Read more »
Views: 339 | Added by: uaeonlinenews | Date: 01.28.2013

HOUSTON - Sunday, January 27th 2013 [ME NewsWire]

(BUSINESS WIRE)-- Schlumberger Limited (NYSE:SLB) today reported full-year 2012 revenue of $42.15 billion versus $36.96 billion in 2011.

Full-year 2012 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $5.58 billion, representing diluted earnings-per-share of $4.17 versus $3.61 in 2011.

Fourth-Quarter Results

Fourth-quarter 2012 revenue was $11.17 billion versus $10.61 billion in the third quarter of 2012, and $10.30 billion in the fourth quarter of 2011.

Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.44 billion, which was flat sequentially, and represents a 3% decrease year-on-year. Diluted earnings-per-share from continuing operations, excluding charges and credits, was $1.08, the same as in the previous quarter, and $1.10 in the fourth quarter of 2011.

Schlumberger recorded charges of $0.06 ... Read more »
Views: 308 | Added by: uaeonlinenews | Date: 01.28.2013

Russia is seen as Major AMI Activity Hub as PLC Momentum Continues Worldwide

SAN JOSE, Calif. - Monday, January 28th 2013 [ME NewsWire]

(BUSINESS WIRE)-- EnVerv announced today the opening of its Moscow office and appointment of Pavel Katlerov as its Director of Business Development for Russia, Ukraine, Moldova, Belarus and neighboring countries. This announcement underlines the importance of these markets to EnVerv and also the fact that Power Line Communications (PLC) designs are gaining traction in these regions.

Pavel Katlerov, an expert in communications technologies will lead EnVerv’s business development and customer management activities in these countries. "I am very excited to be working with EnVerv and to lead these activities. EnVerv has all the tools required for successful customer engagements in Russia and neighboring countries and I look forward to great years to come,” said Katlerov.

"We are very pleased to have Mr. Katlerov join our team a ... Read more »
Views: 344 | Added by: uaeonlinenews | Date: 01.28.2013

DUBLIN - Saturday, January 26th 2013 [ME NewsWire]

    Net sales up 5%; Medical Devices sales up 8%
    First-quarter diluted GAAP earnings per share were $1.03; excluding specified items, adjusted diluted earnings per share were $1.10
    Increasing fiscal 2013 net sales guidance in all segments

(BUSINESS WIRE)-- Covidienplc (NYSE: COV) today reported results for the first quarter of fiscal 2013 (October - December 2012). First-quarter net sales of $3.06 billion were 5% above the $2.90 billion reported in the comparable period a year ago. Foreign exchange rate movement lowered the quarterly sales growth rate by one percentage point.

First-quarter 2013 gross margin of 57.5% declined 1.2 percentage points from the 58.7% of the prior-year period. On an adjusted basis, excluding the specified items shown on the attached quarterly Non-GAAP reconciliations table, first-quarter 2013 gross margin of 57.5% was 1 ... Read more »
Views: 358 | Added by: uaeonlinenews | Date: 01.28.2013 | Comments (0)

TOKYO - Friday, January 25th 2013 [ME NewsWire]

nano tech 2013

(BUSINESS WIRE)-- Toshiba Corporation(TOKYO:6502) today announced the line-up of innovative technologies that it will bring to "nano tech 2013 – The 12th International Nanotechnology Exhibition & Conference", the world's biggest exhibition of nanotechnology, that will be held at the Tokyo Big Sight from January 30 to February 1.

Toshiba has worldwide operations in the smart community business segment that is considered as a future growth area. In the coming exhibition, Toshiba will exhibit its next-generation nanotechnology that will help drive "Total storage innovation" and "Total energy innovation". These innovations will serve as catalysts for realizing a smart community concept proposed by Toshiba Group.

Toshiba Group will demonstrate its wide-ranging nanotechnologies in 14 technology fields in three exhibition areas, each of which will focus on "T ... Read more »
Views: 329 | Added by: uaeonlinenews | Date: 01.28.2013

Acquisition to Bolster Belkin’s Position in the Home Networking Market, Building on the Strong Linksys Brand and Innovative Suite of Product and Software Solutions

ME Newswire / Business Wire

PLAYA VISTA, Calif. - Friday, January 25th 2013

Belkin, a private company based in Playa Vista, Calif., with operations and sales in more than 100 countries, today announced that it has entered into an agreement to acquire Cisco’s Home Networking Business Unit, including its proven products, technology, well-known Linksys brand and talented employees. With global operations, Linksys’ main office is located in Irvine, Calif.

"We’re very excited about this announcement,” said Chet Pipkin, CEO of Belkin. "Our two organizations share many core beliefs – we have similar beginnings and share a passion for meeting the real needs of our customers through the strengths of an entrepreneurial culture. Belkin’s ultimate goal is to be the global leader in the connected home and wir ... Read more »
Views: 354 | Added by: uaeonlinenews | Date: 01.28.2013

SAN FRANCISCO - Friday, January 25th 2013 [BUSINESS WIRE/ ME NewsWire]

The results of a large multi-center clinical study re-affirming the safety and efficacy of Selective Internal Radiation Therapy (SIRT) with SIR-Spheres® microspheres in patients with metastatic colorectal cancer were presented today at the American Society of Clinical Oncology’s 2013 Gastrointestinal Cancers Symposium.1,2 The data were presented by lead investigator Andrew S. Kennedy, M.D., F.A.C.R.O., Director, Radiation Oncology Research Sarah Cannon Research Institute, Nashville, TN.

SIR-Spheres microspheres are manufactured by Sirtexand are the only fully FDA PMA approved microsphere radiation therapy for the treatment of colorectal liver metastases. The microspheres are administered via the hepatic artery, either alone, or in conjunction with systemic chemotherapy.

"Our goal with these studies was to evaluate the overall survival, tumor response and safety of using microsphere therapy i ... Read more »
Views: 290 | Added by: uaeonlinenews | Date: 01.28.2013

Latest lineup adds "DPAK+" package product suited for high-speed switching

TOKYO - Friday, January 25th 2013 [ME NewsWire]

Toshiba Launches Low ON-Resistance Power MOSFET for Automotive Applications

Latest lineup adds "DPAK+" package product suited for high-speed switching

TOKYO--(BUSINESS WIRE)-- Toshiba Corporation (TOKYO:6502) has launched a low-ON-resistance, low-leakage power MOSFET using the latest trench MOS process as an addition to the MOSFET lineup for automotive applications. The new product, "TK100S04N1L", achieves low ON-resistance with a combination of the latest 8th generation trench MOS process "U-MOS VIII-H series" chip and the "DPAK+" package that utilizes Cu (copper) connectors. The product is primarily suited for automotive applications, especially for those demanding high-speed switching, such as motor drives and switching regulators. Samples are available now with mass production scheduled to start in March 2013.

Polar ... Read more »
Views: 323 | Added by: uaeonlinenews | Date: 01.28.2013


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