At Least One Billion M2M Connections Expected By 2020; Two Billion Milestone Achievable If Market Accelerators Are Successfully Deployed

ATLANTA - Tuesday, September 23rd 2014 [ME NewsWire]

(BUSINESS WIRE) -- Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. It is forecast that cellular M2M will account for almost one billion (974 million) of the 10 billion total mobile connections expected by 2020 if the market develops at its current trajectory. However, the study highlights several factors that could stimulate further growth in the sector, potentially leading to as many as two billion cellular M2M connections by 2020 – double the current forecast. Cellular M2M accounts for about three per cent of global mobile connections today.

The new GSMA Intelligence study, “Cellular M2M forecasts and assumpt ... Read more »

$15 Million Global Learning XPRIZE will Incentivize Technology Solutions that Enable Children in Developing Countries to Teach Themselves Basic Reading, Writing and Arithmetic

NEW YORK - Monday, September 22nd 2014 [ME NewsWire]

Social Good Summit

(BUSINESS WIRE)-- XPRIZE Chairman and CEO, Dr. Peter H. Diamandis, will today announce the launch of the $15M Global Learning XPRIZE during a presentation at theSocial Good Summit. Diamandis will be joined on-stage by technology entrepreneur, Anousheh Ansari, and Senior Advisor in the Executive Office of the President of Kenya, Ruth Kagia. The Global Learning XPRIZE is a five-year competition challenging teams to develop open source and scalable software that will enable children in developing countries to teach themselves basic reading, writing and arithmetic.

At the same time, XPRIZE will launch an online crowdfunding campaign to mobilize a global street team of supporters to get involved with the Global L ... Read more »

ME NewsWire/Business Wire

HIGHLAND HEIGHTS, Kentucky - Monday, September 22nd 2014

General Cable Corporation (NYSE: BGC) (the “Company”) today announced that, subject to market conditions, it intends to offer $250 million aggregate principal amount of senior notes due 2019 (the “Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be offered only to qualified institutional buyers in reliance upon Rule 144A under the Securities Act and non-U.S. persons outside of the United States in reliance upon Regulation S under the Securities Act.

The Company intends to use the proceeds of the offering to redeem its senior floating rate notes due 2015 (the “2015 Notes”) and for general corporate purposes, including funding future costs associated with its previously announced restructuring program and repaying borrowings under its senior secured r ... Read more »

HIGHLAND HEIGHTS, Ky - Monday, September 22nd 2014 [ME NewsWire]

    Third quarter and full year adjusted operating income expected to be at or around the low end of the range of $60 to $75 million and $200 to $230 million, respectively
    Adjusted operating cash flow for 2014 anticipated to be at or around the low end of the range of $135 to $165 million; focus continues on reducing working capital in the business
    Focused on timely execution of the Company’s restructuring program which is advancing according to plan

(BUSINESS WIRE)-- General Cable Corporation (NYSE:BGC) announced today third quarter and full year adjusted operating income are expected to be at or around the low end of management’s previously communicated range of $60 million and $200 million, respectively. Adjusted operating cash flow for the full year is expected to trend toward the low end of management’s guidance rang ... Read more »

DUBLIN - Monday, September 22nd 2014 [ME NewsWire]

New product range includes life, disability, accidental death and dismemberment

(BUSINESS WIRE)-- Allianz Worldwide Care has today announced the launch of a new product range that will offer life and disability cover alongside international health, giving corporate clients access to an enhanced portfolio of products.

The addition of new products means that the company’s clients and brokers can now source multiple insurance options from one insurer, making the purchase of comprehensive health and life insurance solutions simple and straightforward.

Ron Buchan, Chief Executive of Allianz Worldwide Care said: “We can now offer corporate clients and their brokers the convenience of sourcing a range of insurance products from a single insurer. These products are all key elements of an employee benefits package, helping our clients to attract and retain staff. For corporate HR, there are cost be ... Read more »

DARMSTADT, Germany & ST. LOUIS, Mo - Monday, September 22nd 2014 [ME NewsWire]

(BUSINESS WIRE)

    Merck to acquire Sigma-Aldrich for $140 per share in cash, valuing company at approx. $17 billion (€13.1 billion)
    Acquisition expands Merck Millipore’s global reach, increasing the company’s presence in North America and adding exposure to fast-growing Asian markets
    Customers benefit from broader offering of complementary products and capabilities and leading e-commerce platform in the industry
    Merck plans to maintain significant presence in St. Louis, MO, and Billerica, MA
    Life Science contribution to Merck earnings more than doubles
    Transaction expected to be immediately accretive to EPS pre and EBITDA margin
    Merck to host media conference call today at 8:00 AM EDT / 2:00 PM CET