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CHARLOTTE, N.C - Monday, October 21st 2013 [ME NewsWire]

Effects of Previously Announced Items

    Pretax Gain of $0.8 Billion on Sale of Remaining China Construction Bank Shares Partially Offset by $0.4 Billion in Negative Valuation Adjustments, Resulting in $0.02 Benefit to EPS
    Charge Related to Reduction in U.K. Tax Rate of $1.1 Billion, or $0.10 EPS

Continued Business Momentum

    Total Consolidated Deposit Balances up 4 Percent From Q3-12 to a Record $1.1 Trillion
    Funded $24 Billion in Residential Home Loans and Home Equity Loans in Q3-13
    More Than 1 Million New Credit Cards Issued in Q3-13
    Global Wealth and Investment Management Reports Record Asset Management Fees of $1.7 Billion; Pretax Margin of 25.5 Percent
    Commercial Loan Balances up 19 Percent From Q3-12 to $395 Billion
    Bank of America M ... Read more »
Views: 289 | Added by: africa-live | Date: 10.24.2013

DENVER - Monday, October 21st 2013 [ME NewsWire]

(BUSINESS WIRE)-- MPEG LA today announced that Diagnovus, LLC has entered into a license for certain patent rights through Librassay®, a new one-stop patent licensing program in the field of molecular diagnostics offered by patent licensing leader MPEG LA.

"We are pleased to welcome Diagnovus as a Licensee to the Librassay® program,” said Larry Horn, President and CEO of MPEG LA. "MPEG LA, through Librassay, provides a solution to the market’s growing need for one-stop non-exclusive access to patent rights for diagnostic tests that lead to personalized medical solutions. Just as MPEG LA’s origination of patent pools provided a market-based solution for accessing consumer electronics, video and information technologies, MPEG LA’s Librassay delivers a similar solution to the healthcare market with the potential for profound cost savings and quality of life benefits.”

"Librassay® is the answer to a growing m ... Read more »
Views: 314 | Added by: uaeonlinenews | Date: 10.24.2013

ME Newswire / Business Wire

NEW YORK - Tuesday, October 22nd 2013

The Goldman Sachs Group, Inc. (NYSE:GS) today announced the sale of a majority stake in its UK pensions insurance business Rothesay Life. Funds managed by Blackstone and GIC each acquire 28.5% of the shares, with MassMutual acquiring a 7% holding. Goldman Sachs retains a 36% stake. The transaction is subject to regulatory approval.

Michael Sherwood, Vice Chairman of The Goldman Sachs Group, Inc., said: "Rothesay Life's success has now brought it to a size at which it is more capital-efficient for Goldman Sachs to share its ownership with other investors. As a market leader in a dynamic industry, Rothesay Life can continue its growth as a standalone business with the benefit of diversified ownership. We are pleased to remain the largest shareholder alongside three world class investors.”

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management f ... Read more »
Views: 322 | Added by: uaeonlinenews | Date: 10.24.2013

The aim is to make affordable products with pure and highly sustainable anti-ageing active ingredients.

STOCKHOLM - Tuesday, October 22nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- In the search for sustainable anti-ageing active ingredients Oriflame (STO:ORI-SDB), the international beauty company selling direct, today announces significant investment in the cultivation of its own plant stem cell cultures. This innovative capability will allow Oriflame to develop powerful anti-ageing ingredients that can boost and rejuvenate ageing skin. The technique, at the leading edge of skincare science, is highly sustainable and 100% traceable. Plant stem cell technology also allows for the production of active ingredients that are completely safe and offer high purity, quality and effectiveness.

The sourcing of raw materials is of fundamental importance to Oriflame. As a company that has always respected environmental and ethical concerns, it is taking action to better manage nat ... Read more »
Views: 303 | Added by: africa-live | Date: 10.24.2013

Contract advances Mirasol® System for the treatment of whole blood

LAKEWOOD, Colo. - Monday, October 21st 2013 [ME NewsWire]

(BUSINESS WIRE) Terumo BCT has been awarded a U.S. Department of Defense (DoD) cost-share contract worth up to $29.9M to advance the Mirasol System for the treatment of donated whole blood used in emergency transfusions in deployed military forces.

KEY FACTS:

    Terumo BCT is working with the U.S. Army Medical Research and Materiel Command to develop a U.S. Food and Drug Administration (FDA)-approved whole blood pathogen reduction device.
    Under the terms of the contract, the DoD will fund $3.46M over the next three years (FY2013-FY2016) to complete the required tasks necessary to submit for FDA approval of the Mirasol system for whole blood.
    The DoD has the option to equally share in the cost of additional safety and efficacy studies of pathogen-reduced whole blood and cl ... Read more »
Views: 306 | Added by: uaeonlinenews | Date: 10.23.2013

LONDON & PRINCETON, N.J. & AUDUBON, Pa. - Monday, October 21st 2013 [ME NewsWire]

(BUSINESS WIRE)-- DrugDev, an interactive network and data sharing platform for over 80,000 clinical trial doctors in 93 countries, announced today its acquisition of CFS Clinical (CFS), the leading specialty provider focused on the business and financial management activities for clinical trials.

DrugDev and CFS’ combined infrastructure gives sponsors the ability to garner real–time feedback from Investigators during the feasibility stages of a trial, rapidly select the right Investigators who are best suited to run the trial, and finally engage with sites efficiently with high speed site activation and expedited payments through its industry leading global payment network.

In the immediate term, the combined capabilities create a powerful offering in finding, engaging and paying Investigators. These solutions will be provided both as a full service business process and as So ... Read more »
Views: 319 | Added by: africa-live | Date: 10.23.2013 | Comments (0)

SHENZHEN, China - Wednesday, October 23rd 2013 [ME NewsWire]

(BUSINESS WIRE)-- ZTE Corporation ("ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced it has won a contract for the third phase of a Gigabit Passive Optical Network (GPON) capacity expansion contract with Uruguay’s Administración Nacional de Telecomunicaciones (ANTEL).

ANTEL has a 97 percent share Uruguay’s the fixed network voice and broadband market and is the largest fixed network operator in the country. It also provides mobile communications services. In 2010, ANTEL began using the state-of-the-art GPON technology to deploy a national Fiber To The Home (FTTH) network. ZTE has provided GPON products and services to ANTEL for three consecutive years.

As part of the project ZTE will provide a ZXA10 C300 optical access platform to ANTEL. This platform is a futureproo ... Read more »
Views: 540 | Added by: uaeonlinenews | Date: 10.23.2013

Sharjah, United Arab Emirates - Monday, October 21st 2013 [ME NewsWire]

HH Sheikh Dr Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and HH Sheikha Jawaher Bint Mohammed Al Qasimi, Chairperson of the Supreme Council for Family Affairs and Patron of the Sharjah International Children’s Film Festival, launched the Sharjah International Children’s Film Festival. It is the first festival of its kind in the region, and is initiated by FUNN. Many Sheikhas and dignitaries graced the launch at Jawaher Reception & Convention Centre.

HH Sheikh Dr Sultan commented: "Thank you for this wonderful event, the festival is the building block and the first step towards producing great films. I hope that this festival will be the beginning of future works. I wish all of our children the best of luck with love and appreciation for everyone”

HH Sheikha Jawaher added: "Within the same minute a child can go from crying to laughing, from anger to for ... Read more »
Views: 338 | Added by: uaeonlinenews | Date: 10.23.2013 | Comments (0)

ZTE posts quarterly profit after extraordinary items in July-September period, ending negative sequence that began in 2012

SHENZHEN, China - Tuesday, October 22nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- ZTE Corporation ("ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, reported nine-month net profit increased 132% from a year earlier, as the company executed its operational strategy to improve cash flow and raise profitability.

Net profit attributable to shareholders was RMB 552 million from January to September, with basic earnings per share of RMB 0.16, in line with the company’s earlier forecast. Revenue dropped 10% to RMB 54.66 billion. ZTE posted a quarterly profit after extraordinary items in the July-September period, ending a negative sequence that began in the second-quarter of 2012. ZTE forecasts the company will post a full-year net ... Read more »
Views: 296 | Added by: uaeonlinenews | Date: 10.23.2013

Partnership with Mobile Operators and Smartphone Supplier Allows Using Mobile Phone as a RioCard Transit Card and Checking Balances on the Screen

AMSTERDAM & RIO DE JANEIRO - Saturday, October 19th 2013 [ME NewsWire]

(BUSINESS WIRE)-- Regulatory News:

Rio de Janeiro will be the first city in Brazil to launch a pilot program enabling mobile NFC ticketing for public transportation. This innovative initiative is a pioneering partnership between RioCard Tecnologia da Informação, Gemalto, Motorola Mobility and the country’s four leading mobile operators - Claro, Oi, Telefónica and TIM, supported by the GSMA. Two hundred users of buses, trains and ferries have been selected to collaborate with these companies in this three-month pilot, which is expected to conclude in December 2013.

For the first time in Brazil, smartphones will be used as mobile wallets with embedded NFC technology enabling secure payment for public transportation tickets. NFC allows safe co ... Read more »
Views: 275 | Added by: uaeonlinenews | Date: 10.23.2013

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