NEW YORK. - Saturday, August 2nd 2014 [ME NewsWire]

(BUSINESS WIRE) Citigroup Inc. (NYSE:C) and Lexington Partners ("Lexington") announced today that they have entered into a definitive agreement whereby Citi will sell 80% of its $1.5 billion limited partnership interest in Metalmark Capital Partners II (“MCP II”) to Lexington. As part of the previously announced revision of the business relationship between Citi and Metalmark in December 2013, Citi will offer 20% of its limited partnership interest to existing MCP II limited partners. Terms of the transaction, which is expected to close in the fourth quarter of 2014, are not being disclosed. Completion of the transaction is subject to customary closing conditions.

“We are excited to expand our longstanding relationship with the principals at Metalmark, a leading middle market sponsor with whom Lexington has been an investor for nearly 20 years,” said Brent Nicklas, Managing Partner ... Read more »

HIGHLAND HEIGHTS, Ky. - Saturday, August 2nd 2014 [ME NewsWire]

(BUSINESS WIRE)-- General Cable Corporation (NYSE: BGC) reported today results for the second quarter ended June 27, 2014. For the second quarter of 2014, excluding certain items, the Company recorded adjusted income per share of $0.29 and adjusted operating income of $57 million. For the second quarter of 2014, reported loss per share was ($0.51) and reported operating income was $14 million. A reconciliation of adjusted earnings per share to reported loss per share and adjusted operating income to reported operating income is included on page 3 of this press release.

Highlights

    Immediate action taken under the Company’s restructuring program with the announced closure of three manufacturing facilities
    Adjusted operating income of $57 million and adjusted EPS of $0.29 per share were both within management’s guidance range for the second qua ... Read more »

FinTech Webinar Examines Wealth Management Technology Trends

SAN MATEO, Calif. - Thursday, July 31st 2014 [ME NewsWire]
(BUSINESS WIRE) Leaders from major financial technology start-up companies Xignite and Wealthfront, join guest speaker Bill Doyle, Vice President and Principal Analyst at Forrester Research, Inc., to provide their insights into a new digital era, which is revolutionizing the wealth management sector and challenging traditional wealth management advisory models.
In a webcast, now available, Stephane Dubois, CEO and Founder of Silicon Valley-based financial cloud-based market data provider Xignite; guest speaker Bill Doyle, Vice President and Principal Analyst at Forrester Research, Inc.; and Andy Rachleff, Executive Chairman of Wealthfront, an automated investment service provider, examine and discuss the key technological drivers that are making this revolution possible and provide their views on the future for the wealth management industry.
... Read more »

LONDON. - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE) Tom Phillips, Chief Regulatory Officer, GSMA, offered the following statement regarding the outcome of the International Telecommunication Union’s (ITU) Joint Task Group meeting in Geneva:

“At a critical ITU meeting in Geneva yesterday, governments across the globe agreed to put forward for detailed discussion a number of new spectrum bands for use by mobile broadband services. While a final decision will not be taken until the World Radiocommunication Conference (WRC) in November 2015, the GSMA welcomes the news that the full range of new spectrum bands supported by the mobile industry remain potential solutions to meet the growing demand of consumers globally for mobile data.

“Extensive technical analysis has been carried out by governments, industry and international organisations to support the allocation of new spectrum for mobile broadband services. New, harmonised spectru ... Read more »

LUXEMBOURG. - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE) SES (NYSE Paris:SESG) (LuxX:SESG) announced today that it has appointed Evie Roos as the company’s Executive Vice President, Human Resources. Evie succeeds Grace de Latour who leaves SES to take on new challenges in the US.

Evie joined SES in January 2013, providing strategic and operational services worldwide for employee-related areas such as recruitment, performance management, organisational structuring, HR policies and processes, and people management consultancy.

She joined SES from the steel and mining company ArcelorMittal, where she held several positions of responsibility over a twenty-year period, first within the Legal and later within the Human Resources department.

Follow us on:

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Blog: ... Read more »

OSAKA, Japan. - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE) Panasonic has expanded its relationship with Hendrick Motorsports with a new multi-year agreement that includes primary sponsorship of the No. 24 team of four-time NASCAR Sprint Cup Series champion and current points leader Jeff Gordon. Panasonic will be featured as a primary sponsor of the No. 24 team in two Sprint Cup races annually and as an associate-level partner in all other events. It will mark the first on-car branding for Panasonic since joining Hendrick Motorsports as a technology partner in 2007. The agreement covers the 2014, 2015 and 2016 NASCAR seasons.

[Video] Panasonic Solar and Toughbook Driving the Revolution at Sonoma Raceway http://www.youtube.com/watch?v=phctlr1mPCA

Gordon's No. 24 Panasonic Chevrolet SS debuted on June 22nd at California's Sonoma Raceway and will again appear Aug. 31 at Atlanta Motor Speedway. Panasonic's Toughbook brand will be featured on ... Read more »

Target to supply 5% of local production by FY2016, starting with commercial partnership with Ootoya Japanese Restaurant

SINGAPORE. - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE)  Panasonic Factory Solutions Asia Pacific (Panasonic) announced today its pilot commercial supply of locally-harvested vegetables to Japanese restaurant, Ootoya. The premium Japanese crop varieties, mini red radish; red leafy lettuce; and mizuna (potherb mustard) are cultivated in the country’s first licensed indoor vegetable farm with controlled and optimised conditions. In land scarce Singapore where only 8% of vegetables consumed are grown in local farms*, Panasonic aims to contribute to the Agri-Food and Veterinary Authority’s (AVA) vision of raising self-sufficiency level for leafy vegetables through its technology and harvest. The company targets to increase its contribution to local production from the current 0.015% to 5% by FY2016, fiscal year ending March 2 ... Read more »

Ten Millionth ASIC Shipped Demonstrates A Growing Need For A Fast Time to Market and Low Cost Silicon Customization Product

SANTA CLARA, Calif. - Thursday, July 31st 2014 [ME NewsWire]
(BUSINESS WIRE)-- eASIC Corporation, a leading provider of Single Mask Adaptable ASIC™ devices today announced that it has shipped over ten million chips to date. The majority of the shipments are utilized in some of the fastest growing and dynamic markets. eASIC chips can be found in a variety of applications such as NAND Flash controllers, LTE and 3G radio heads, mobile wireless backhaul systems plus many others.
“eASIC has become the go-to provider for fast time to market, cost effective, mass customization ASIC devices,” said Ronnie Vasishta, President and CEO of eASIC. “This milestone demonstrates that the need for our product has been building quickly and continues to expand deeply and broadly. The alternatives that have been around for over two decade ... Read more »

International Modern Hospital Show 2014

OSAKA, Japan - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE)-- Under the theme of "Providing optimal healthcare for each individual," Panasonic Healthcare Co., Ltd. showcased its latest solutions at the International Modern Hospital Show 2014, which was held at the Tokyo Big Sight from July 16 to 18. An extensive range of solutions was on display in five zones: Hospital, Clinic, Home Care, Pharmacy, and Healthcare.

[Video] Panasonic's medical IT solutions help push the frontiers of healthcare http://www.youtube.com/watch?v=phidbZhePTw

Overview of the Exhibited Solutions:

Newly-evolved Automatic Tablet Counting and Packaging Machines, and Medicine Audit Support System

Panasonic also showcased its Automatic Tablet Counting and Packaging Machines, sold overseas, for use by pharmaceutical departments. After receiving information about prescriptions from the electronic medical ch ... Read more »

- Operating profit increased due mainly to sales increase in real terms and fixed-cost reduction -

OSAKA, Japan - Thursday, July 31st 2014 [ME NewsWire]

(BUSINESS WIRE)-- Panasonic Corporation (Panasonic [TOKYO:6752]) today reported its consolidated financial results for the first quarter, ended June 30, 2014, of the current fiscal year ending March 31, 2015 (fiscal 2015).

Consolidated First-quarter Results

Consolidated group sales for the first quarter increased by 2% to 1,852.3 billion yen compared with 1,824.5 billion yen for the first quarter of the year ended March 31, 2014 (fiscal 2014). Yen depreciation contributed to sales increase. Demand in Japan overall decreased mainly in consumer electronics products following demand surge before the consumption tax hike in April. Meantime, this negative effect was mostly offset due mainly to the effect of demand surge before the tax hike remaining in the first quarter for some products. Automotive-relate ... Read more »

ME NewsWire/Business Wire

SOMERSET, N.J. - Thursday, July 31st 2014

Catalent, Inc. (“Catalent”), the leading global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, today announced the pricing of its initial public offering of 42,500,000 shares of its common stock at $20.50 per share. The shares are expected to begin trading on the New York Stock Exchange on July 31, 2014 under the ticker symbol “CTLT,” and the offering is expected to close on August 5, 2014, subject to customary closing conditions. Catalent has granted the underwriters a 30-day option to purchase up to an additional 6,375,000 at the initial public offering price.

Catalent expects to receive net proceeds of approximately $822.7 million after deducting underwriting discounts and estimated offering expenses, and intends to use the proceeds to reduce debt.

Morgan Stanley, J.P. Morgan, BofA Merr ... Read more »

- The Effect of Toshiba Paper Reusing System -

TOKYO - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE)-- Toshiba TEC (TOKYO:6588), a global leader in printing, imaging solutions and services, introduced the world’s first eco-friendly MFP system to the governmental offices - Shiga Prefectural Office, Japan.

The ground-breaking MFP system was consciously designed to be environmentally friendly. It consists of the e-STUDIO306LP which prints the document in an erasable blue toner, and the e-STUDIO RD30 which erases the identifiable print from paper. At the same time, scan function allows documents to be scanned and archived to a designated file location, before the print is erased.

Since its launch, the e-STUDIO306LP/RD30 has been installed in several organizations endeavoring to use precious resources sustainably. Consequently it is contributing to not only reduce operation expenses, but also reduce the CO2 emissions and water consumptions in ... Read more »