Cosmo v5 M/Chip™ Multi-Application enables use of two unaffiliated debit networks

COLOMBES, France - Wednesday, July 23rd 2014 [ME NewsWire]

(BUSINESS WIRE)-- Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, today announced that it has developed the first debit card certified by MasterCard that meets the Durbin Amendment guidelines. These guidelines require issuers to identify two unaffiliated debit networks, for each debit or prepaid card they issue.

OT’s Cosmo RSA v5 M/Chip™ Multi-Application is developed on OT’s Global Platform compliant and java-based operating systems and is capable of supporting dynamic data authentication. It builds upon the existing products available on OT Cosmo RSA v5 platform and is specifically designed to support the combination of MasterCard debit and the U.S. debit “Maestro U.S.” Application Identifiers (AID) required to support Debit cards issu ... Read more »

OSLO, Norway - Wednesday, July 23rd 2014 [ME NewsWire]

(BUSINESS WIRE)-- The Olympic champion in cross-country, Ms Marit Bjørgen, has been awarded the international Fair Play Mecenate award for 2014. Ms Bjørgen will receive the award in Castiglion Fiorentino, Italy, on Wednesday 23 July.

- It is a great honour to be awarded such a prestigious award. I am proud and humble. To be recognised for a fair play award like the Fair Play Mecenate is something I highly appreciate. Although cross country is an individual sport, I would not be where I am today without the other girls on the team. I am proud to be part of a strong team with a good team spirit where we celebrate our teammates success, and support each other in good times and in bad times, says laureate Marit Bjørgen.

The jury of the Fair Play Mecenate consists of members from all continents and represents the international sports media and various international sports organisations. The jury states that th ... Read more »

ME NewsWire/Business Wire

OSAKA, Japan - Wednesday, July 23rd 2014

Panasonic Corporation announced it installed the “Power Supply Container,” as a stand-alone photovoltaic power package that it developed, to the National Elementary School Karimunjawa 01 in Karimunjawa Island, Jepara District, Central Jawa Province, Indonesia. On July 17, 2014, a handover ceremony was held jointly with Koperasi Pundih Artah, a project partner; and the Institute of Business and Economic Democracy Foundation (IBEKA), an Indonesian NGO.

Karimunjawa is an area where electricity is available at night thanks to diesel generators. However, in the daytime these generators are stopped and no electricity can be used by the residents of the village. As no power for the village during the daytime interferes with administrative and commercial activities, improvement of the educational environment had been the top priority for the island. To solve this social issue, Koperasi Pun ... Read more »

PHILADELPHIA. - Tuesday, July 22nd 2014 [ME NewsWire]

(BUSINESS WIRE) Iroko Pharmaceuticals, LLC, a global specialty pharmaceutical company dedicated to advancing the science of analgesia, today announced that its affiliate, Iroko Pharmaceuticals Inc., signed a licensing agreement with CALOX DE COSTA RICA S.A. for the exclusive rights to market and sell ZORVOLEX® (diclofenac) capsules in specified countries in Latin America. CALOX will be responsible for obtaining regulatory and pricing approval, as well as the marketing and supply of the medication, in countries including Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Nicaragua, Honduras, Panama and Venezuela. ZORVOLEX was approved by the United States Food and Drug Administration (FDA) in October 2013 for the treatment of mild to moderate acute pain in adults and is now available by prescription. ZORVOLEX is not currently approved for marketing in any other country.

“Coming on the heels ... Read more »

CHARLOTTE, N.C. - Wednesday, July 23rd 2014 [ME NewsWire]

Results Include Litigation Expense of $4.0 Billion (Pretax) or Approximately $0.22 per Share (After Tax)

Company Reaches Settlement With AIG to Resolve Residential Mortgage-backed Securities Claims for $650 Million

Business Metrics Reflect Progress on Customer-focused Strategy

    Total Period-end Deposit Balances up $54 Billion, or 5 Percent, From Q2-13 to a Record $1.13 Trillion
    Funding of $13.7 Billion in Residential Home Loans and Home Equity Loans in Q2-14 Helped Nearly 43,000 Homeowners Purchase a Home or Refinance a Mortgage
    More Than 1.1 Million New Credit Cards Issued in Q2-14, With 65 Percent Going to Existing Customers
    Global Wealth and Investment Management Reports Record Revenue of $4.6 Billion and Record Total Client Balances of $2.47 Trillion
    Global Banking Average L ... Read more »

PARIS. - Tuesday, July 22nd 2014 [ME NewsWire]

(BUSINESS WIRE)  Schlumberger Limited (NYSE:SLB) today reported second-quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013. Second-quarter revenue was up 7% sequentially and increased 8% year-on-year with International Area revenue of $8.09 billion growing $604 million, or 8% sequentially, while North America Area revenue of $3.89 billion increased $205 million, or 6% sequentially.

Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.80 billion—an increase of 13% sequentially and an increase of 17% year-on-year. Diluted earnings-per-share from continuing operations, excluding charges and credits, was $1.37 versus $1.21 in the previous quarter, and $1.15 in the second quarter of 2013.

Pretax operating income in the second quarter reached $2.62 billion, up 11% sequentia ... Read more »