Entrepreneurial fixed income specialist poses fierce challenge to bulge-bracket complacency

HONG KONG - Tuesday, October 21st 2014 [ME NewsWire]

(BUSINESS WIRE)-- SC Lowy, an independent fixed-income specialist with full investment bank capabilities, announced that today it celebrates five years of great success and robust growth in trading and investment banking. With trading volumes at US$5.4bn in 2014, it has become a market leader in secondary loan trading in Asia, the Middle East, and Australia, a top-ten Asian high-yield bond trader, and a successful entrant into DCM, with an expanding presence in Europe.

“We have proved that a committed group of financial leaders can smash the barriers to entry presented by the bulge-bracket banks,” says co-founder and CEO Michel Löwy.

“We see our strength as a bellwether alternative to the status quo in the fixed income market,” he adds, “and a signal that underserved companies ne ... Read more »

BEIJING - Monday, October 20th 2014 [ME NewsWire]

(BUSINESS WIRE) -- On October 14, 2014 Panasonic Corporation of China celebrated 35 years in China in a celebration held at the China World Hotel Beijing. Approximately 300 government officials, partners, guests and 100 members of the media attended this celebration. President Kazuhiro Tsuga of Panasonic Corporation expressed his appreciation for the guests' understanding and support of Panasonic's business activities in China, touching upon Panasonic's history in China, and also introducing our vision for the future.

Looking back at 35 years in China, President Tsuga stated, "What became the springboard for Panasonic's entry into the Chinese market was the meeting our founder, Konosuke Matsushita had with the General Secretary of China, Deng Xiaoping 36 years ago, in 1978. In that meeting, our founder pledged his full support to China because he believed that 21st century was Asia's time to s ... Read more »

GAITHERSBURG, Md - Tuesday, October 21st 2014 [ME NewsWire]

The US-manufactured SmartNode Open Gateway Appliance offers the reliability of Patton VoIP gateways combined with a flexible, open hardware platform for customized business-communications software.

SmartNode™… More than just talk!

(BUSINESS WIRE)-- Patton Electronics—US-manufacturer of award-winning SmartNode™ VoIP solutions, BODI rS™ High Availability Fixed & Mobile Routers, and CopperLink™ Ethernet Extenders—is now taking orders for the new SmartNode™ Open Gateway Appliance (SNOGA) that offers customized, IP-based, businesses communications for 2 to 128 concurrent voice or fax calls.

The SNOGA open hardware platform for small-to-medium businesses (SMBs) enables software developers and system integrators to build the ideal, customized, Linux or Windows-based unified-communications (UC) or business phone system for the specialized needs of ... Read more »

A Popular Urban Transformation Movement in the Spirit of Social Design

TAIPEI, Taiwan - Monday, October 20th 2014 [ME NewsWire]

(BUSINESS WIRE)-- The Taipei City Government launched the warm-up period for World Design Capital (WDC) 2016 today following the WDC Convocation Ceremony. The completely redesigned WDC Taipei 2016 official website will soon formally go online. The events calendar for 2016 is expected to be formally announced in October 2015.

The Convocation Ceremony on the evening of 18 October was the final official event of Cape Town’s WDC 2014 program. Commissioner Dr. Wei-Gong Liou of Taipei City Government and the WDC Taipei 2016 Office led a group to Cape Town to attend the ceremony. Witnessed by Cape Town Mayor Patricia de Lille and 170 invited guests from the global design community, Dr. Brandon Gien, President of the International Council of Societies of Industrial Design (Icsid), formally presented the WDC Commemorative Plaque to Comm ... Read more »

While inspecting GITEX 2014

Abu Dhabi, United Arab Emirates - Thursday, October 16th 2014 [ME NewsWire]

Lt. General H.H Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior reiterated the keenness of the UAE leadership, under the wise leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, to keep abreast of the latest global developments and innovations, so as to enhance the country’s prestigious present stature and ensure its leadership into the future.

His Highness hailed the unrelenting development efforts exerted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE vice President, Prime Minister and Ruler of Dubai, via the numerous initiatives, which aim at ensuring a bright future for the coming generations. Moreover, His Highness praised the ‘Happiness Meter’ initiative, which seeks to   measure the happiness and satisfaction of the public in government services. ... Read more »

Funding and Leadership Focus on Growth and Market Expansion

BOSTON & PALO ALTO, Calif. & NEW YORK - Tuesday, October 21st 2014 [ME NewsWire]

(BUSINESS WIRE)-- Benu Networks, the innovative provider of networking and software solutions for network operators deploying Wi-Fi and Cloud services, announces strategic investors Liberty Global Ventures and Arris Group participate in Benu’s funding round of $27.7 Million. In addition, Benu announces the hiring of industry tech veteran Dino Di Palma as Chief Executive Officer. Existing investors Spark Capital, Sutter Hill Ventures, and Comcast Ventures also participate.

“Benu’s innovative solution will allow operators to deliver services and manage policies on a user and device level irrespective of access type. This approach opens up a range of new business opportunities in terms of service innovation, delivery cost, and velocity,” said Dan Hennessy, Chief Architecture Officer at Libert ... Read more »

Promoting the MoI’s Status on the “Global Competitiveness” Scene

ME NewsWire

Abu Dhabi, United Arab Emirates - Sunday, October 19th 2014

The Ministry of Interior earned a lion’s share of the honors by winning 14 Stevie awards at the 2014 11th Annual International Business Awards held in Paris. The Stevie Awards are the world's premier business awards, recognizing innovation, corporate excellence and international business. Dr. Ahmed Nasser Al Raisi, Director General of Central Operations at the Abu Dhabi, was the Gold Stevie Winner in the “Information Technology Executive of the Year” category.

Brigadier Sultan Yusuf Al Nuaimi, Director General of Residency and Foreigners Affairs in Ras al Khaimah ranked third in the “the Customer Service Department” and “Executive of the year 2014” categories. Colonel Sheikh Mohammad bin Tahnoun Al Nahyan, Director of Peripheral Regions Directorate at th ... Read more »

ABU DHABI, United Arab Emirates - Thursday, October 16th 2014 [ME NewsWire]

Major General Mohammed bin Al Awadhi Al Menhali, Director General of Human Resources in Abu Dhabi Police General Headquarters, viewed the Ministry of Interior’s (MoI) smart and security services and programs provided to the public at the MoI’s display in GITEX 2014, which concluded on Thursday.

During his tour of a number of booths at the exhibition, Major General Al Menhali reviewed the latest achievements showcased by the MoI and other participating ministries, local departments, and major companies. He stressed the importance of the participation in the GITEX exhibition for introducing the smart services that are used by the police, for learning about the latest technical developments in various fields, and for leveraging the expertise of the participating parties.

He expressed his satisfaction for the large-scale attendance and extensive participation of the MoI. He al ... Read more »

HOUSTON - Monday, October 20th 2014 [ME NewsWire]

(BUSINESS WIRE)-- Schlumberger Limited (NYSE:SLB) today reported third-quarter 2014 revenue of $12.6 billion versus $12.1 billion in the second quarter of 2014, and $11.6 billion in the third quarter of 2013. Third-quarter revenue was up 5% sequentially and increased 9% year-on-year with International Areas revenue of $8.3 billion growing $222 million, or 3% sequentially, while North America Area revenue of $4.3 billion increased $367 million, or 9% sequentially.

Income from continuing operations attributable to Schlumberger was $1.9 billion—an increase of 8% sequentially and an increase of 14% year-on-year. Diluted earnings-per-share from continuing operations was $1.49 versus $1.37 in the previous quarter, and $1.29 in the third quarter of 2013—an increase of 9% sequentially and an increase of 16% year-on-year.

Pretax operating income in the third quarter reached $2.8 billion, up 7% sequentially ... Read more »

CHARLOTTE, N.C - Monday, October 20th 2014 [ME NewsWire]

Results Include DoJ Settlement Costs of $5.3 Billion (Pretax) or $0.43 per Share (After Tax)

Continued Business Momentum

    Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter
    Originated $14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage
    More Than 1.2 Million New Credit Cards Issued in Q3-14, With 64 Percent Going to Existing Relationship Customers
    Global Wealth and Investment Management Reports Record Revenue and Record Earnings
    Total Firmwide Investment Banking Fees up 4 Percent From Q3-13 to $1.4 Billion
    Sales and Trading Revenue, Excluding Net DVA, up 9 Percent From Q3-13(B)
    Noninterest Expense, Excluding Litigation ... Read more »