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CORRECTING and REPLACING CAPTION Adobe Previews Major Update to Video Tools in Creative Cloud

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CORRECTING and REPLACING CAPTION Adobe Previews Major Update to Video Tools in Creative Cloud

Significant Innovations to Professional Video Products, Including Adobe Anywhere, Coming Soon

SAN JOSE, Calif.--(BUSINESS WIRE)-- Please replace the caption with the accompanying corrected caption.


The release reads:

ADOBE PREVIEWS MAJOR UPDATE TO VIDEO TOOLS IN CREATIVE CLOUD

Significant Innovations to Professional Video Products, Including Adobe Anywhere, Coming Soon

Adobe (NAS: ADBE) today announced plans to significantly update the video tools in Adobe® Creative Cloud™. With over 150 new features, this upcoming release is packed with new capabilities in Adobe Premiere® Pro CC, Adobe After Effects® CC, Adobe SpeedGrade™ CC, Adobe Prelude™ CC, Adobe Media Encoder CC and Adobe Story CC Plus redefining how video professionals create, collaborate and deliver high quality productions across multiple screens. Important updates will also be added to Adobe Anywhere® for video, which enables large virtual teams of talent to efficiently shoot, log, edit, share and finish video productions together. Today's announcement signifies Adobe's commitment to providing continuous innovation for Creative Cloud members and builds upon the huge customer momentum Adobe video is experiencing across the broadcast and post-production industries. These major updates, expected in October, allow broadcast and media professionals to extend their creative toolset and streamline their editing environments.

Adobe will demonstrate its new solutions, highlight key customers and partner focused initiatives during the annual IBC 2013 Exhibition at its stand (Hall 7, Stand 7.G27) in the RAI Convention Center, Sept. 13-17, and online at www.adobe.com/go/ibc2013. Adobe professional video and broadcast tools will also be presented in more than 60 partner booths throughout the IBC exhibit.

New Innovations to Creative Cloud for Video

Creative Cloud offers video professionals a membership-based service that provides users with unlimited access to download and install flagship Adobe professional video desktop applications as well as the full range of Adobe desktop applications for design, Web and photography. With Creative Cloud membership, users also have access to publishing services to deliver apps and websites, cloud storage and the ability to sync to any device, and new products and exclusive updates as soon as they're released. This offers more efficient ways to share work with colleagues and the creative community; and enables more innovation, collaboration and efficient productions from post to broadcast. Key new updates include:

  • A new Direct Link Color Pipeline between Adobe Premiere Pro CC and SpeedGrade CC provides an integrated workflow that allows users to move multi-track timelines seamlessly back and forth; open Adobe Premiere Pro CC sequences in SpeedGrade quickly; and see the results as effects in Adobe Premiere Pro CC that are managed by the Lumetri Deep Color Engine.
  • Expanded native support for UltraHD, 4K and higher resolutions, high frame rates and RAW formats, enables editors to work with footage from the hottest new high-res cameras natively - without having to wait to transcode and re-wrap files.
  • The Mask Tracker in After Effects enables video professionals to create masks and apply effects that track automatically frame-by-frame throughout a composition to save countless hours of tedious work.
  • Editing is streamlined in Premiere Pro CC, with improved multicam, enhanced closed captioning capabilities, new monitor overlays and audio monitoring features, enabling editors to work faster.
  • Performance enhancements punctuate this release with support in Premiere Pro CC for OpenCL, providing editors with the speed and power they need for the most demanding projects; and new GPU debayering of the Cinema DNG file format for real time playback.
  • A preview of the upcoming Prelude CC Live Logger iPad app, which enables users to log notes, events, and other data on their iPad while shooting, including the ability to sync with timecode on set via supported wireless timecode generators, and then sync metadata to footage via Creative Cloud for faster editing.
  • Advanced color grading with the new SpeedLooks in SpeedGrade CC offers dedicated camera patches. This allows users to match the color spaces even across different camera formats. New multiple masks and linked mask layers capabilities also enable SpeedGrade users more control over complex looks.
  • New Sync Settings in Adobe Media Encoder CC let users now sync application preferences between multiple computers via Creative Cloud.
  • New production planning features in Adobe Story Plus provide powerful scheduling and reporting tools for managing productions efficiently, making it easy to modify and share lists between productions and users.

The Next-Generation of Adobe Anywhere for video

Adobe today also announced important updates are planned to AdobeAnywhere, the modern collaborative workflow platform that empowers users of Adobe professional video solutions such as Adobe PremierePro CC and Adobe Prelude CC to work together using centralized media and assets across standard networks. Adobe Anywhere complements Creative Cloudapplications and enables deep collaboration for large organizations working with video, including broadcasters, educational institutions and government agencies.

  • Early access to After Effects CC Support: Adobe Anywhere now enables visual effects and motion graphic artists using After Effects CC to collaborate with other production team members, without the need to learn new software.
  • Growing File Support: Users can now edit media in Premiere Pro CC while it is recording to a file - a capability important for sports and live broadcasters.
  • Complementary iPad App: Adobe is previewing an upcoming Adobe Anywhere iPad app, that enables users to view productions and play back sequences on the Anywhere server from the field or a remote location.

Adobe Quote:

Bill Roberts, director of video product management, Adobe

  • "Professional video is a dynamic industry where things change fast. Broadcasters and Video Pros have limited resources and are under increasing pressure to deliver more on shorter timelines and smaller budgets, so they need solutions that streamline workflows and enable more efficiency. We have seen rapid adoption of our video tools in Creative Cloud and are excited that less than five months after a milestone Creative Cloud release, we're able to preview significant new features and services. We make an active effort to listen to our customers and develop solutions to address industry challenges and both Creative Cloud and Adobe Anywhere give us a great platform to quickly deliver those enhancements."

Customer Quotes:

Patrick Dahl, Co‐founder, Banner Collective post-production for Chicago Blackhawks

  • "Our work evolves with technology, so it is cost effective for us to take advantage of the Adobe Creative Cloud model. Adobe invests in its video products and it's incredible to see how far they have come. Why wouldn't you want immediate access to all of the great new offerings?"

Walter Biscardi, Jr., Principal, Biscardi Creative Media

  • "The move to Adobe Creative Cloud for software delivery really opens up a huge mindset change for us on the end user side. It's awesome to know that not only is every tool in the toolbox available to us, but instead of waiting months or a year to see a new feature rolled out, Adobe can now implement changes and features as they are ready. That's huge to know that new tools will be in our hands faster than ever before."

Stephen Lawes, Creative Director, Cantina Creative

  • "We spend 90% of our time in Adobe After Effects CC, so any features that save us time and fuel our creativity are appreciated. In After Effects CC there's a lot to love - from the new Cinema4D integration and the improved 3D tracker to the addition of Refine Edge to the Roto Brush and improved scaling algorithms - it all has a positive impact on our workflow."

Gerard Tay, Film and TV Editor

  • "For quick turnaround jobs, Adobe Premiere Pro CC nails it. I can edit faster than in Final Cut Pro 7 because I don't have to transcode, the trim tools are better, and I can use features such as Hover Scrub to cut a montage incredibly quickly."

Videos:

Helpful Links:

Membership Plans and Availability:

This major update to the video tools in Creative Cloud is expected to be available in mid-October 2013. Current Creative Cloud members receive all of this innovation as part of their existing membership, at no extra cost. Special promotional pricing is available to existing customers who own CS3 or later. Individual, education, team, government and enterprise membership plans are available. For pricing details, visit: https://creative.adobe.com/plans.

New enhancements for Adobe Anywhere for video are expected to be available in mid-October. For pricing, please contact an Adobe account representative at anywhere@adobe.com. For further details on Adobe Anywhere, visit http://www.adobe.com/products/adobeanywhere.html. For more information on Adobe Broadcast Solutions, visit http://www.adobe.com/go/broadcast.

For more information on Adobe Creative Cloud or Premiere Pro CC, After Effects CC, SpeedGrade CC and other tools available in Creative Cloud, please visit www.adobe.com/products/creativecloud.html.

See New Video Tools at Create Now World Tour

Adobe's new video tools will be showcased at the company's upcoming Create Now World Tour. At these free seminars, Adobe evangelists will share tips and techniques to create and share standout work, using Creative Cloud. Create Now enables creatives to meet the experts, watch amazing demonstrations, learn new skills, network with peers, and get answers to workflow questions. The first event is September 19, in San Francisco, California. More information is available at: www.adobeeventsonline.com/createevent.

About Adobe Systems Incorporated

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

© 2013 Adobe Systems Incorporated. All rights reserved. Adobe, the Adobe logo, After Affects, Aywhere, Creative Cloud, Media Encoder, Prelude, Premiere Pro, SpeedGrade and Story and are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.

This press release contains forward looking statements, including those related to Adobe's future product plans, which involve risks and uncertainties that could cause actual results to differ materially. For a discussion of these and other risks and uncertainties, individuals should refer to Adobe's SEC filings. Adobe does not undertake an obligation to update forward looking statements.



Adobe
Sandra Nakama, 415-832-4053
snakama@adobe.com
or
Edelman
Nicole Wasowski Dorsa, 650-762-2972
nicole.dorsa@edelman.com

KEYWORDS:   United States  Europe  North America  Netherlands  California

INDUSTRY KEYWORDS:

The article CORRECTING and REPLACING CAPTION Adobe Previews Major Update to Video Tools in Creative Cloud originally appeared on Fool.com.

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Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Teledyne to Present at Raymond James Investor Conference on September 10

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Teledyne to Present at Raymond James Investor Conference on September 10

THOUSAND OAKS, Calif.--(BUSINESS WIRE)-- Teledyne Technologies Incorporated (NYS: TDY) today announced that Jason VanWees, senior vice president, strategy and mergers & acquisitions, will make a presentation at the Raymond James 9th Annual European Investors North American Equities Conference, held in London, England, on Tuesday, September 10, at 2:55 p.m. (BST) at the Four Seasons Hotel London at Park Lane.

A webcast of Teledyne Technologies' conference presentation may be accessed via the company's website at www.teledyne.com. In addition, Teledyne Technologies' latest investor presentation is publicly available on the company's website.


Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies' operations are primarily located in the United States, Canada, the United Kingdom and Mexico. For more information, visit Teledyne Technologies' website at www.teledyne.com.

Forward-Looking Information Cautionary Notice

Teledyne's investor relations presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to earnings, product development and other matters. Actual results could differ materially from these forward-looking statements.

Many factors could change the anticipated results, including without limitation: disruptions in the global economy; changes in demand for products sold in any one of the markets in which Teledyne participates; lower oil and natural gas prices and regulations or restrictions relating to energy exploration or production; funding, continuation and award of government programs; cuts to defense spending resulting from future deficit reduction measures, including those triggered by the Budget Control Act of 2011; and acquisitions, including international acquisitions.

Readers are encouraged to read Teledyne's 2012 Annual Report on Form 10-K and other periodic reports, including earnings releases, filed with the U.S. Securities and Exchange Commission for a more complete description of the company, its businesses, its strategies and the various risks it faces.

The company assumes no duty to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise.



Teledyne Technologies Incorporated
Investor Contact:
Jason VanWees, 805-373-4542
Press Contact:
Robyn McGowan, 805-373-4540

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Teledyne to Present at Raymond James Investor Conference on September 10 originally appeared on Fool.com.

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Groupon Acquires Last-Minute Travel App Blink

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Groupon Acquires Last-Minute Travel App Blink

Move expands Groupon Getaways' capabilities, footprint

CHICAGO--(BUSINESS WIRE)-- Groupon today announced the acquisition of last-minute travel app Blink, a leading European destination for great deals on highly curated, same-day hotel bookings, bolstering its rapidly growing Groupon Getaways travel business. The Madrid-based Blink works with more than 2,000 hotel partners in eight European countries. Terms of the deal were not disclosed.


"We are very excited to welcome the Blink team to the Groupon family," said Aaron Cooper, senior vice president of Groupon Getaways. "The combination of a fantastic mobile app, same-day inventory management for properties and a team that is obsessed with mobile and last-minute travel will help us further expand our travel business as the go-to destination for great deals on great places to stay."

The addition of same-day bookings gives Groupon Getaways another way to serve customers' travel needs, whether it's deals on hotels across the globe, all-inclusive travel packages or full-service tours in popular destinations. Blink's easy-to-use mobile app caters to on-the-go travelers looking for unique hotels in travel hotspots across Europe and complements Groupon's existing European travel offerings.

"Groupon's commitment to expanding its travel business and its focus on delivering a first-rate experience for its customers make this a great fit for Blink," said Blink CEO and founder Rebecca Minguela. "We are looking forward to building more relationships with top hotels around the world and helping customers find unbeatable deals, even when booking at the last minute."

The Blink app will be rebranded "Blink by Groupon" and will operate separately as the team develops an integrated experience that takes advantage of the full breadth of Groupon Getaways global travel offers. Groupon Getaways, launched in 2011, works with hotels and other partners to provide curated travel deals and experiences in 48 countries.

About Groupon

Groupon (NAS: GRPN) is a global leader in local commerce, making it easy for people around the world to search and discover great businesses at unbeatable prices. Groupon is reinventing the traditional small business world by providing merchants with a suite of products and services, including customizable deals, payments processing capabilities and point-of-sale solutions to help them attract more customers and run their operations more effectively. By leveraging the company's global relationships and scale, Groupon offers consumers incredible deals on the best stuff to eat, see, do, and buy in 48 countries. With Groupon, shoppers discover the best a city has to offer with Groupon Local, enjoy vacations with Groupon Getaways, and find a curated selection of electronics, fashion, home furnishings and more with Groupon Goods. To subscribe to Groupon emails, visit www.Groupon.com. To learn more about the company's merchant solutions and how to work with Groupon, visit www.GrouponWorks.com.



Groupon
Bill Roberts, 312.459.5191
billr@groupon.com

KEYWORDS:   United States  Europe  North America  Illinois

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The article Groupon Acquires Last-Minute Travel App Blink originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Philip Morris International Addresses Misguided Attacks on Role in Tobacco Products Directive Debate

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Philip Morris International Addresses Misguided Attacks on Role in Tobacco Products Directive Debate

LAUSANNE, Switzerland--(BUSINESS WIRE)-- Philip Morris International (PMI) (NYSE/Euronext Paris: PM) today addressed recent attacks on the company's efforts to express its views on the proposed EU Tobacco Products Directive (TPD). Speaking on behalf of the company, which employs 12,500 people in the EU, generates approximately EUR 14.6 billion in tax revenue and has invested hundreds of millions in reduced risk product innovation EU Region President Drago Azinovic said:

"Unfortunately, rather than a serious evaluation of the content and likely impact of the EU's proposed Tobacco Products Directive, the discussion tends to focus on our efforts to make known our views about this proposal.


"The argument that we should remain silent in the face of a proposal that directly concerns us -- and on which we have facts and improvement ideas to share - is illogical. In fact, it would be irresponsible for us not to inform EU decision-makers of the impact of a proposal on our business, the hundreds of thousands of employees working in our industry, and the Member State governments and taxpayers who will bear the consequences. We have and will continue to express our views proactively and transparently. As the EU itself says this kind of interaction is 'constant, legitimate and necessary for the quality of democracy.'

"As part of this process, some PMI employees spend time meeting with EU officials to share the company's views and provide industry expertise not only on the TPD, but other complex policy issues as well, and we voluntarily reported this activity on the EU's Transparency Register . Using the EU's recommended methodology, we surveyed a total of 161 employees who potentially spent a portion of their time, in addition to their other job responsibilities, with EU officials. We then calculated -- again, using the EU's methodology -- the figure, which is a fraction of the number of employees surveyed and that appears on the Transparency Register. This number includes those employees in the Brussels office who interact with EU officials and are listed by name. In short, we followed best practices in our reporting, which makes it particularly frustrating to read articles that misinterpret -- or, perhaps, intentionally mischaracterize -- our practices -- especially when the purported basis for this information appears to be stolen, internal PMI working documents. On top of all that, creating confusion about the number of PMI employees who work on matters in Brussels distracts from what matters, namely a rational approach to tobacco regulation in the EU.

"Contrary to the impression that our critics attempt to create, PMI does support sound, effective regulation -- even when it restricts our business activities -- and we allocate resources to advocating our views in that regard. For example, we believe that a regulatory framework that enables and encourages reduced risk products makes sense; we believe government should pass -- and vigorously enforce -- laws to fight the large and growing black market tobacco market; and we agree that public should continue to receive information on the risks of smoking.

"At the same time, we are not alone in our view that many elements in the proposed TPD are deeply flawed. For example, the Commission's proposal to ban menthol and slim cigarettes violates the EU's basic standards of sound regulation. There isn't even an impact assessment of the ban on slims and the proposal skips over the key fact that, as history has shown, prohibition does not work. These bans will force sales out of legitimate corner shops onto unregulated street corners and other places where the products are illegal and the sellers are criminals who don't follow basic laws such as verifying the age of a customer or collecting excise tax.

"These and the other negative consequences of this proposal would have received more careful consideration if the Commission had taken more seriously its duty to conduct a thorough and objective impact assessment of the draft Directive. Instead, Members of the European Parliament now face the task of correcting a deeply flawed proposal. Otherwise, the Member States will ultimately bear the burden of having to implement measures that unjustifiably disrupt an internal market that has been working well for years.

"We look forward to continuing to invest time, effort and resources into providing accurate and relevant information about the impact this Directive will have. It is our hope that members of the European Parliament will look beyond the rhetoric, examine the facts, and stand up for the many who will be unnecessarily, negatively impacted if this proposal is passed in its current form."

###

Below are links to view reports commissioned by PMI and submissions to the Commission describing the impact of the proposed TPD. These reports and submissions are a publicly available and have been part of the company's effort to educate decision makers and others about the flaws in the Commission's proposal.

Read the economic analysis of the impact of the TPD conducted by Roland Berger here.

Read Transcrime's assessment of the risks to public safety posed by the TPD here.

Read PMI's 2010 submission to the Commission's Public Consultation on the Tobacco Products Directive here.

Read PMI's 2010 submission to the Commission regarding RAND's Impact Assessment here.

About Philip Morris International Inc.

Philip Morris International Inc. (PMI) is the leading international tobacco company, with seven of the world's top 15 international brands, including Marlboro, the number one cigarette brand worldwide. PMI's products are sold in more than 180 markets. In 2012, the company held an estimated 16.3% share of the total international cigarette market outside of the U.S., or 28.8% excluding the People's Republic of China and the United States. For more information, see www.pmi.com.



Philip Morris International media office
Media enquiries
T: +41 (0)58 242 4500
E:media@pmi.com

KEYWORDS:   Europe  Switzerland

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The article Philip Morris International Addresses Misguided Attacks on Role in Tobacco Products Directive Debate originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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First Solar Strengthens Partnership with Belectric, Announces Joint Venture

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First Solar Strengthens Partnership with Belectric, Announces Joint Venture

Solar industry leaders launch JV to fulfill projects in Europe, North Africa and US

MAINZ, Germany & TEMPE, Ariz.--(BUSINESS WIRE)-- First Solar, Inc. (NAS: FSLR) and BELECTRIC Holding, GmbH today announced the launch of a Joint Venture (JV) that will realize solar energy projects on three continents. The JV - PV Projects GmbH & Co. KG - is based in Germany and will be tasked with developing selected photovoltaic (PV) power projects independently acquired or developed by either of the two companies in Europe, North Africa, as well as projects of fewer than 20 megawatts (MW), in the United States.


Under the terms of the JV - which is subject to approval from the relevant governmental merger control authorities - First Solar will supply its advanced thin-film modules, selected components such as the First Solar Tracker and value-added services; while BELECTRIC will provide its advanced Balance of Systems (BoS) and a range of service capabilities. Both companies' engineering, procurement and construction (EPC) contributions will vary by project and geography. The JV's emphasis on the sub-20MW segment in the United States will include BELECTRIC's existing 280MWp pipeline in the country, along with other opportunities. The non-exclusive agreement will also allow both companies to independently and competitively pursue development prospects and corresponding EPC work.

The announcement is the latest milestone in a longstanding partnership that spans over a decade: the two companies recently marked the inauguration of the 128MWp Templin solar power plant in Germany, the largest deployment of First Solar modules in Europe. An estimated 80% of the 1,400 MWp of solar electricity generation capacity installed by BELECTRIC, is powered by First Solar modules.

"With its industry-leading capabilities, this joint venture will ensure that our individual project obligations are delivered to the highest standards," said Jim Hughes, First Solar's Chief Executive Officer. "First Solar and BELECTRIC share a long history of excellence and we are confident about the future of this initiative, which is based on a firm foundation of mutual trust, expertise and a track record that is unrivalled in the solar energy industry."

As a vertically integrated solar energy company, First Solar has been leading the charge towards affordable, reliable and accessible solar electricity on a global scale. Today, the company is the world's leading provider of comprehensive photovoltaic (PV) energy solutions, with a pipeline of over 3 Gigawatts (GW) of contracted solar power plants and over 7GW installed worldwide. A global market leader, First Solar's commercial footprint spans six continents, with manufacturing facilities in the US and Malaysia.

"We are happy to celebrate this important new milestone in our long-term partnership with First Solar," said Bernhard Beck, Chief Executive Officer of BELECTRIC Holding. "By joining forces to create a world-class project delivery platform, we hope to strengthen both companies' relationships with key stakeholders including project developers and investors at a time when prices of electricity from solar power plants can already compete with the prices for conventionally generated electricity in a growing number of regions."

BELECTRIC is a technology leader in the development and construction of utility-scale ground-mounted solar power plants and roof-mounted photovoltaic systems. With a presence in more than 20 countries and a global pipeline of 5GWp in different stages of development, the company's high degree of vertical integration in its development and manufacturing processes has led to it being recognized as an industry leader.

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar's renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

About BELECTRIC®

BELECTRIC is one of the world's most successful companies in the development and construction of ground-mounted solar power plants and photovoltaic roof systems. As an international company, BELECTRIC is represented in more than 20 countries. Its position as a world leader in technology is the result of a high degree of vertical integration in the development and manufacturing processes. A belief in the compatibility of economic and ecological interests has always been the basis for the sustainable success of our 1,750 employees. More than 100 active patents are a testament to BELECTRIC's innovative spirit. In addition to solar power generation, BELECTRIC Drive® concentrates on the combination of photovoltaics and electromobility. Visit www.belectric.com for further information.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning: our business strategy, including anticipated trends and developments in and management plans for our business and the markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, products, projected costs, warranties, solar module efficiency and balance of systems ("BoS") cost reduction roadmaps, restructuring, product reliability and capital expenditures; our ability to continue to reduce the cost per watt of our solar modules; our ability to reduce the costs to construct photovoltaic ("PV") solar power systems; research and development programs and our ability to improve the conversion efficiency of our solar modules; sales and marketing initiatives; and competition. These forward-looking statements are often characterized by the use of words such as "estimate," "expect," "anticipate," "project," "plan," "intend," "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "will," "could," "predict," "continue" and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in Item 1A: "Risk Factors," of our Annual Report on Form 10-K for the year ended December 31, 2012, as updated and supplemented by risk factors included in our Prospectus dated June 12, 2013 filed with the SEC pursuant to Rule 424(b)(5) (the "Prospectus"), Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed with the SEC.



For First Solar
Media
Steve Krum
First Solar Global Communications
+1-602-427-3359
Stephen.Krum@firstsolar.com
or
Reuven Proença
First Solar EMEA Communications
+971-0-50-4367-158
reuven.proenca@firstsolar.com
or
Investors
David Brady
+1-602-414-9315
dbrady@firstsolar.com
or
Ryan Ferguson
+1-602-414-9315
rferguson@firstsolar.com
or
For BELECTRIC
Florian Dittert
Press Officer, BELECTRIC Solarkraftwerke GmbH
+49-0-9385-9804-5706
florian.dittert@belectric.com

KEYWORDS:   United States  Europe  North America  Arizona  Germany

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The article First Solar Strengthens Partnership with Belectric, Announces Joint Venture originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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10 Tips to Help the 50-Plus Crowd Manage Health Care Costs

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middle age woman doctor's office health care planning
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In your 50s and beyond, health care costs loom more ominously than ever before -- and with good reason: According to the folks at Fidelity, a 65-year-old couple retiring now faces average health care costs in retirement of about $220,000.

Fortunately, there are steps you can take to minimize the bite of health care expenses. Here are some tips to consider:

1. Don't take your health coverage for granted. While you might hope or expect that your employer will give you some health care coverage in retirement, that's increasingly hard to come by, and many folks who've been promised coverage have had it reduced or just canceled. Be sure to factor health care expenses into your retirement savings plan. If your financial future seems bleak, remember that you may be able to vastly improve it by working a few more years. During that time, you can save more money and keep any employer-based health insurance. Being active, whether through work or volunteering or hobbies, can help older people stay mentally and physically healthy, too.

2. Work longer. If necessary, consider working at least until Medicare kicks in, at age 65. Those who retire early can sometimes face steep health care costs until they qualify for Medicare.

3. Shop around for your prescriptions. There may be less expensive alternatives to the medications you're prescribed, and you might find much lower costs simply by calling a few local pharmacies to see what they charge for your prescription. You can also often find lower prices by ordering your medications online or through the mail. Your doctor can help lower your costs, too. If you're taking 10-mg pills, for example, you might be able to get a similar-priced prescription for 20-mg ones, and then use a pill-splitter to cut them in half. In a similar vein, if you're taking two 10-mg pills per day, you might ask if you can take a single 20-mg dose instead, if that will cut your costs and still be medically safe.

Sponsored Links
4. Shop around for other services. If you're going to have a pricey lab test or procedure, such as an MRI, you might also shop around. Ask your medical office for the Current Procedural Terminology, or CPT, code for the test, and look it up at the American Medical Association's website, which can tell you how much Medicare reimburses for it and can also provide estimates of overall costs. You can also find fair prices for various medical services at www.healthcarebluebook.com, which can also help you negotiate better deals.

5. Look into installment plans. If money is tight and you're looking at some considerable medical expenses, talk to your doctor or dentist about it. They may be able to keep your costs down by suggesting less-costly treatments or even by lowering fees for you. Don't be shy, as being frank might pay off. Even hospital bills can be negotiable, if you're able to demonstrate that they're a hardship.

6. If you have predictable health care expenses, look into setting up an HSA or FSA. Health savings accounts and flexible spending accounts are tax-sheltered accounts, permitting you to sock away money on a pre-tax basis to spend on certain qualified kinds of expenses.

7. Consider buying long-term-care health insurance. It's designed to pay for home-care services or nursing home expenses when needed. Consider not buying it, too. Long-term-care insurance is getting so expensive that many folks are advised not to buy it, and to just try to put money aside for that purpose instead. But since the coverage is much cheaper if you buy it when you're young, it's worth spending some time now deciding whether it makes sense for you. Consider, for example, that per a Genworth Financial (GNW) calculator, a policy paying $100 a day for three years sold to a 55-year-old in Colorado would cost around $1,070 annually, versus $2,990 for a 70-year-old.

8. Take advantage of wellness programs available at your workplace -- especially if, like many large employers, yours offers financial incentives for doing so.

9. Learn what to expect under 'Obamacare.' Under the Patient Protection and Affordable Care Act, also known as Obamacare, those who work for employers who don't offer health insurance will be able to buy insurance for themselves, and those with limited means may also qualify for subsidies. People with pre-existing conditions such as diabetes, heart issues or high blood pressure can rejoice, too, because insurers will no longer be able to use that information to raise premiums or deny coverage.

10. Maximize your health. Exercise, eat healthful foods, get regular checkups and preventive care, and avoid bad habits such as smoking. Don't neglect important screenings, lest conditions such as osteoporosis go undiagnosed or diseases such as cancer grow unnoticed. Taking care of yourself can set you up for a longer life, and can save you a lot in health care costs along the way, too.

You can save a lot of money, headaches and even heartaches by managing your health care well.

Longtime Motley Fool contributor Selena Maranjian has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

 

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Do High-Powered Activist Investors Help Ordinary Shareholders? 

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Bloomberg via Getty Images William 'Bill' Ackman founder and CEO of Pershing Square Capital Management (left) Daniel Loeb, founder and CEO of Third Point: Two activist investors taking big positions in large public companies and demand even bigger changes.
Is activist investing a force for good when it comes to shareholders? Recent events, namely the Bill Ackman-J.C. Penney (JCP) debacle, have left investors and analysts tired of the outspoken hedge-funders of the world.

There are, of course, plenty of activists whose actions have enhanced not just their funds' portfolios, but those of passive, minority shareholders. They've forced companies to make positive changes -- to restructure, elect new board members, and get back on track toward healthier operations.

Then again, others end up like J.C. Penney -- a seemingly lost business, rich with legacy yet left crippled by boardroom drama.

That leaves us -- the average consumers and investors -- with a pressing question: Are these megaphoned power players trying to effect change that will benefit all, the company included? Or are they just after results that will juice their own returns?

The Age of Activism

While many activist investors consider themselves to be molded in the image of a certain Omaha-based super-investor, many of today's hedge fund superstars have taken a very different approach to the craft of identifying mispriced securities.

Like the old guard -- raiders like Carl Icahn and Nelson Peltz -- young guns such as Daniel Loeb and Bill Ackman take substantial positions in large public companies and demand change in an approach that is about as far from Warren Buffett's investor behavior as one can get.

Their style can be best described as personality-driven activism.

The practice is on the rise, too. According to FactSet, 2012 saw 21 activist campaigns in companies with market caps larger than $1 billion. In 2010, the number was 11. In 2003, there were four.

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While some passive shareholders may welcome a helping hand if their pick isn't performing, outsiders seem to be more bothered by the nasty tenor of the dealings.

Perennial nice guy George Clooney has spoken out against hedge fund investor Loeb -- a major investor in Sony (SNE) -- going as far as to call the investor a "carpet bagger ... What he's doing is scaring studios and pushing them to make decisions from a place of fear."

Even Buffett advised Apple (AAPL) CEO Tim Cook to pay as little attention to David Einhorn as possible, and just focus on running the company.

You get the point: Activist investing tends to generate opinions.

As an individual investor, should you avoid swimming in the same pool as headline-generating sharks? Or is the presence of an activist investor a reason to wade in and test the waters?

It's Complicated

Yahoo (YHOO) is a recent example of the complex activist-management relationship.

Loeb took a substantial position in the troubled Internet company, acquired a board seat, ousted then-CEO Scott Thompson, and then spearheaded a campaign to hire Marissa Mayer, who has since gone on to become known as a miracle worker -- the savior of Yahoo.

Now, it's not certain that Mayer would not have joined Yahoo without Loeb's presence, but even the CEO herself acknowledges the investor's vision for the company, whose stock is up more than 80 percent in just 12 months.

If the story ended there, we'd have an activist-management success story. But it doesn't.

Earlier this month, Loeb resigned from the board and dumped his shares, claiming Mayer did not heed his advice to lay off up to 30 percent of the company -- a condition he originally campaigned for and Mayer had agreed to.

There are other ways the activist-management relationship can go. Consider the dealings of another large fund, Elliott Advisors, which amassed a tremendous stake in National Express (NEX) -- the U.K. transportation conglomerate.

Following the usual recipe, Elliott attempted to conduct a board coup d'etat, and gain greater influence over the direction of the company in hopes of breaking it up and selling off the pieces.

The battle raged throughout 2011, but the fund never achieved its coveted board seats. In March of this year, Elliott dumped half of its stake in the company. Since March 2011 through April of this year, the stock had plummeted nearly 20 percent -- lagging the S&P 500 by roughly 40 percent.

In the meantime, the company spent millions fighting off Elliott -- a distraction that certainly took management's focus away from the continued operations of its businesses.

Then, of course, there is the sad story of J.C. Penney and Bill Ackman. With as much attention as the story has gotten, there is no reason to recount details, other than cementing the fact that J.C. Penney has alienated its already weak shopper base, gone through a variety of managers, and lost billions in market value -- bringing Ackman and other shareholders down with it.

It's not that Ackman had malicious intent for the company -- he could have pushed for its dissolution or for taking it private, but instead he truly believed in the viability of the business, and put a retail genius (though in a much different business) in the driver's seat to make it happen.

Things didn't work out, and nearly every media outlet, in addition to Wall Street, has vilified Ackman. As the investor exits his position, various other vocal investors -- from George Soros to Kyle Bass -- have snatched up roughly one-third of the company's stock in hopes of achieving what Ackman couldn't.

Who Ultimately Pays the Price?

There is little doubt that activist investing is a growing game here in the United States. And, with more players, we may see corporations armoring up to protect themselves. And that's not good news for investors.

Companies will have to spend more on legal expenses and anti-activist strategy-making, and undergo boardroom shuffles that, at their core, do not necessarily have direct positive impacts on the operating business. Another takeover defense is the "poison pill" tactic -- flooding the market with shares to prevent any one investor from gaining too much ownership, but also diluting existing shareholders.

Some firms need change, and some firms need an outsider, outspoken party to encourage or force that change. However, it may end up being a minority that ends up creating positive change, while many activist stakes could end up plaguing retail investors with extra costs, internal turmoil, and in the worst case, a loss of direction.

Motley Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool recommends Yahoo!. Try any of our Foolish newsletter services free for 30 days.

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Economists Maintain Rosy View for 3% Growth Next Year

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shoppers portland oregon economists rosy economic outlook
Rick Bowmer/AP
Business forecasters maintained their rosy view of the U.S. economy in 2014, predicting 3 percent growth by the second quarter of next year, low inflation and improving employment.

The top economists surveyed by the National Association of Business Economics between Aug. 8 and Aug. 20 also said there's an 80 percent likelihood that the pickup in growth will prompt the Federal Reserve to trim its monthly $85 billion purchases of mortgage bonds and Treasury bills next year.

The NABE's 43 respondents said in a report released Monday that there's a 45 percent chance the Fed will begin its so-called "tapering" as early as this year.

But economists trimmed their expectations for the second half of 2013 since the last survey, in May.

The economists predicted that real gross domestic product would grow at a 2.3 percent annualized rate in the third quarter through September, down from 2.5 percent seen earlier; and 2.6 percent in the fourth quarter, down from 2.8 percent seen earlier. They were less optimistic about consumer spending, industrial production and private investment in nonresidential structures, equipment and software.

The economists' slightly more pessimistic views were likely affected by the government initially reporting in July that second-quarter GDP grew 1.7 percent. On Aug. 29, the Commerce Department revised the figure sharply higher for the April-June quarter, to 2.5 percent.

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"It's fair to assume that they reduced their outlook for GDP because they had seen weaker business investment across the board," said Ken Simonson, chief economist of the Associated General Contractors of America and an NABE analyst who helped compile the report. "The big takeaway is that the forecast now, like in May, is for gradually improving conditions, getting up to ... growth of 3 percent in 2014 and holding there." The last time the economy grew more than 3 percent over one year, on average, was in 2005.

NABE economists predicted that the consumer price index will grow just 1.3 percent in 2013 and 1.7 percent in 2014 when excluding volatile food and energy prices. The unemployment rate is seen falling to 7 percent next year from 7.5 percent this year, with the economy adding on average 199,000 non-farm jobs a month next year.

The dollar is seen holding steady against the European currency at $1.30 per euro next year, compared to an expected $1.31 in 2013.

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FTTN Evaluates Extension of Two Prolific Oil and Gas Reservoirs in West Texas

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FTTN Evaluates Extension of Two Prolific Oil and Gas Reservoirs in West Texas

BRADENTON, Fla.--(BUSINESS WIRE)-- Rising oil and gas energy company First Titan Corp. (OTCBB: FTTN) is exploring a potentially lucrative acquisition in oil rich West Texas. If FTTN is satisfied with its findings, the asset could provide a large-scale platform from which to continue the company's recent growth.

FTTN is now doing its due diligence on acreage located in Jeff Davis County within the Delaware Basin of West Texas. The project includes 35,000 contiguous acres, accessible drill sites, water wells for rig use and fracturing jobs, and partial 3D seismic coverage.


Based upon analysis conducted by Schlumberger Limited, the largest oilfield company in the world, the area holds 162 million barrels of oil equivalent (MMBOE) per section (640 acres), which was derived using data from a well drilled in 2006, which included Schlumberger logs and rotary cores in the Avalon, Barnett and Woodford formations. The target formations range in depth from 6,000 feet to 9,000 feet. After application of a recovery factor of 4 percent, which is deemed appropriate for the area, given recoveries of other wells in the area, Schlumberger estimates a total of 6.48 MMBOE of recoverable reserves per section across all target formations.

To ascertain potential flow rates from new wells drilled on the acreage, NuTech was commissioned to conduct a study and estimated the Barnett formation would produce 6,500 BOE per day for a 10-day period, based on a modeled horizontal completion across 5,000 lateral feet with 17 pumping stages and three fracture points per stage. The estimated ultimate recovery (EUR) was calculated to be 625 MBOE for each Barnett well.

In the Avalon formation, NuTech calculated a flow rate of 2,500 BOE per day during a 10-day window, based on a modeled horizontal completion of 5,000 lateral feet with 12 pumping stages, four fracture initiation points per stage, and one additional pumping stage with two fracture initiation points. The EUR was calculated to be 250 MBOE for each Avalon well.

First Titan Corp. is building a strong collection of oil and gas properties and is dedicated to the continuing development of energy assets throughout North America alongside companies such as Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

For more information on FTTN's oil and gas projects, please visit www.firsttitanenergy.com/investors.html.

About First Titan Corp.

First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.



First Titan Corporation
Harvey S. Bryant, 941-753-4889
President and CEO
info@firsttitancorp.com

KEYWORDS:   United States  North America  Florida  Texas

INDUSTRY KEYWORDS:

The article FTTN Evaluates Extension of Two Prolific Oil and Gas Reservoirs in West Texas originally appeared on Fool.com.

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ASCC in Discussions to Enter Booming Craft Brew Market

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ASCC in Discussions to Enter Booming Craft Brew Market

MIRAMAR BEACH, Fla.--(BUSINESS WIRE)-- With the Aristocrat Group Corp. (OTCBB: ASCC) on the verge of launching the first of its two premium distilled spirits, they have begun meetings with a potential distributor to enter the explosive $10 billion U.S. craft brewery market.

Craft beer sales comprise 10 percent of the $99 billion U.S. beer market, an 8.5 percent increase from 2012. With growth expected to continue in that sector, ASCC is entering discussions to partner with a respected craft brewery partner.


"We have started discussions with a potential craft brewery partner from an import point of view and a domestic point of view," ASCC CEO Robert Federowicz said. "Craft brews continue to gain traction in the beverage market, and we are looking to leverage that into big future profits."

As ASCC is poised to launch the award-winning gluten-free RWB Ultra-Premium Handcrafted Vodka into the $5.5 billion U.S. vodka sector in a couple of weeks, the opportunity to add a respected craft brewery distribution partner is the ideal way to maximize profits and continue the company's ambitious beverage distribution strategy.

ASCC is working to build a stable of successful brands in order to compete in a highly profitable sector alongside LVMH Moet Hennessy Louis Vuitton (OTCBB: LVMUY), Diageo PLC (NYS: DEO) , BEAM, Inc. (NYS: BEAM) and Brown-Forman Corp. (NYS: BF.B) . By handling its own distribution business, ASCC hopes to capitalize on unprecedented new brand building opportunities through Luxuria Brands, its brand management division.

About the Aristocrat Group Corp.

Through its brand management division, Luxuria Brands, the Aristocrat Group Corp. is on the path to becoming a provider of premium luxury goods, including top-shelf distilled spirits. The company targeted the growing market for quality domestic liquor in order to deliver maximum returns to our shareholders.

The Aristocrat Group Corp. is also exploring smart growth initiatives to position itself as the premier resource for women's lifestyle products and services, including motherhood resources. For more information, please visit www.aristocratgroupcorp.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.



Aristocrat Group Corp.
Robert Federowicz, 850-269-6801
President and CEO
info@aristocratgroupcorp.com

KEYWORDS:   United States  North America  Florida

INDUSTRY KEYWORDS:

The article ASCC in Discussions to Enter Booming Craft Brew Market originally appeared on Fool.com.

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Trans-Pacific Aerospace Company Receives Additional NAVAIR Approvals; Adds New Board Members to Godf

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Trans-Pacific Aerospace Company Receives Additional NAVAIR Approvals; Adds New Board Members to Godfrey China Subsidiary

SAN MARINO, Calif.--(BUSINESS WIRE)-- Trans-Pacific Aerospace Company, Inc. ("TPAC" or "Company") (OTCBB: TPAC) , which is in the business of designing, engineering and manufacturing self-lubricating spherical bearings for commercial aircraft, is pleased to announce today that its Chinese subsidiary, Godfrey Guangzhou Aerospace Bearings ("Godfrey"), has received additional SAE-AS81820 bearing and SAE-AS81935 bushing approvals from NAVAIR. This achievement is a milestone event for the Company and will allow it to offer a larger catalog of qualified products to an industry forecasted to triple in size over the next 20 years. Godfrey is the only manufacturer in China qualified to make bearings under SAE-AS81820 and SAE-AS81934 standards. This achievement allows TPAC to compete in a sector that yields revenues of US$200 million per annum, thus widening the Company's growth potential and competitive landscape.


"We are now in a position to offer potential customers a wide range of products with a complete catalog of parts," said Bill McKay, Trans-Pacific Aerospace CEO. "We have initiated new customer contact in the United States and China and we are seeing positive feedback."

The Company also announced today that it has appointed new members to the board of directors of Godfrey China, its Hong Kong subsidiary. New members to the Godfrey China board are Greg Archer, Jason Arnold, Kevin Gould, Clairmont Griffith and Ray Kwong, who are also board members of TPAC.

"The addition of these members to the board of Godfrey China assures that the interests of Trans-Pacific Aerospace will be reflected in the decision-making process at Godfrey Guangzhou," noted McKay. China is the world's fastest growing aviation market, with most recent Boeing forecasts noting it will need 5,980 new planes over the next 20 years. Every commercial aircraft made by manufacturers such as Airbus and Boeing uses over 3,000 SAE-AS81820 and SAE-AS81934 parts.

About Trans-Pacific Aerospace (TPAC)

Trans-Pacific Aerospace is in the business of designing, engineering and manufacturing self-lubricating spherical bearings for commercial aircraft, with planned product extensions using similar proprietary technology into maritime, power plant and space applications. To date, Trans-Pacific Aerospace's operations have focused on assisting its Chinese subsidiary, Godfrey (China) Limited, in the development of its production facility in Guangzhou, China and the design and engineering of Godfrey's initial product line of spherical bearings. Godfrey has a special operating license granted by China's Ministry of Science and Technology. Godfrey has obtained SAE parts qualification of its facility in Guangzhou, China.

Information About Forward-Looking Statements

This press release contains forward-looking statements concerning Trans-Pacific Aerospace within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements regarding Trans-Pacific Aerospace's expectations for the certification of Godfrey's Guangzhou, China production facility; the commencement of manufacturing of Godfrey's initial product line of spherical bearings; continued growth of the market for component parts of commercial aircraft; and the potential sale of Godfrey's bearing products. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks related to Godfrey's inability to obtain the capital or human resources necessary to commence manufacturing of its bearing products; the inability to successfully market Godfrey's bearing products to the commercial aerospace industry; and the inability of Trans-Pacific Aerospace and Godfrey to acquire additional capital as and when needed, and those other risks set forth in Trans-Pacific Aerospace's annual report on Form 10-K for the year ended October 31, 2012 filed with the SEC on February 14, 2013 and subsequently filed quarterly reports on Form 10-Q. Trans-Pacific Aerospace cautions readers not to place undue reliance on any forward-looking statements. Trans-Pacific Aerospace does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.



Trans-Pacific Aerospace Company, Inc.
William McKay, Chief Executive Officer
626-755-1211
wrmckay@gmail.com
Website: www.transpacificaerospace.com
or
RB Milestone Group, LLC
Trevor M. Brucato, Director
212-661-7771
tbrucato@rbmilestone.com
Website: www.rbmilestone.com

KEYWORDS:   United States  Asia Pacific  North America  China  California

INDUSTRY KEYWORDS:

The article Trans-Pacific Aerospace Company Receives Additional NAVAIR Approvals; Adds New Board Members to Godfrey China Subsidiary originally appeared on Fool.com.

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Gold Prices Slip as Fed Tapering Talk Resumes

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U.S. Mint Gold, Silver Coins Sales May Rise to Record This Year
Scott Eells/Bloomberg via Getty Images
By Jan Harvey

LONDON -- Gold prices eased Monday, surrendering some of the gains made in the previous session after disappointing U.S. jobs data, on expectations the Federal Reserve will press on with some tapering of monetary stimulus in the near future.

Speculation that the U.S. central bank is set to trim its $85 billion monthly bond-buying program, a key driver of higher bullion prices, has helped knock gold 17 percent lower this year after more than a decade of gains.

Spot gold was down 0.3 percent at $1,386.91 an ounce at 0943 GMT (5:43 a.m. Eastern time), while U.S. gold futures for December delivery were up 80 cents an ounce at $1,387.30.

Prices rose 1.7 percent on Friday after a report showing U.S. nonfarm payrolls grew less than expected last month cast doubt on the strength of the U.S. recovery. The unemployment rate, the Fed's favored measure of job market health, eased 0.1 point, however.

Comments by two Fed officials that suggested stimulus unwinding remained on track helped the dollar recover to around levels seen before Friday's U.S. jobs numbers.
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"The Federal Reserve meeting remains an event risk for gold, and I think there's growing consensus that tapering is going to come eventually," Credit Suisse's head of commodities research Tobias Merath said.

"The main question is, are potential gold investors incentivized enough to step up purchases more meaningfully again? The answer, from our side, is no," he added. "With the move up in 10-year yields to close to 3 percent, this is a new world, and that disincentivizes investors to buy gold."

A rise in Chinese exports lifted world equity markets on Monday, though worries about a possible military strike on Syria and uncertainty over the Fed's plans for its stimulus program saw investors hedge their bets.

Eyes on India

Indian jewelers expect a surge in gold shipments this week after the customs department issued new import guidelines on Wednesday. Previously imported stocks had become stuck at Mumbai airport due to a lack of clarity on rules.

Gold traders are closely watching Indian appetite for gold in the usually peak-demand fourth quarter, after officials in the world's largest gold consumer moved to curb imports in an effort to cut its record current account deficit.

"We should keep an eye on demand from Asia during the festival season," said Peter Fertig, a consultant at Quantitative Commodity Research. "Given the measures the central bank has already taken and appeals to sell gold, there is a risk that the physical demand for India may disappoint."

On the supply side of the market, workers in South Africa's motor and gold industries will return to work this week after strikes that have crippled operations at some of the country's biggest producers were resolved on Sunday.

South Africa's Harmony Gold said operations were back to normal at all its mines after striking miners resumed work during Sunday's night shift.

Among other precious metals, silver was down 0.5 percent at $23.71 an ounce, while spot platinum was up 0.2 percent at $1,492 an ounce and spot palladium was down 0.4 percent at $694.97 an ounce.

-Additional reporting by Lews Pardomuan in Singapore.


 

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PC Connection Receives Award at Cisco Partner Summit 2013

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PC Connection Receives Award at Cisco Partner Summit 2013

MERRIMACK, N.H.--(BUSINESS WIRE)-- PC Connection, Inc. (NAS: PCCC) , a provider of a full range of information technology (IT) solutions to business, government, and education markets, today announced that it is the recipient of a Cisco Partner Summit Geographical Region award for Americas Strategic Partner Organization Commercial Partner of the Year. This award recognizes exemplary organizations who demonstrate best-in-class business practices and serve as a model to the industry within their respective region.

"Winning the award for our region reflects PC Connection's unparalleled ability to deliver end-to-end IT solutions to all of our customers through Cisco technologies," said Tim McGrath, President and Chief Executive Officer of PC Connection, Inc. "This recognition from Cisco highlights our ability to offer the services and technical expertise our customers require to solve their unique business challenges. We are excited to continue to strengthen our relationship with Cisco as we meet the IT needs of our customers with innovative solutions, value, and exceptional service."


As a Cisco Gold Certified Partner, PC Connection provides the highest possible levels of service, expertise, and reliability. The Company achieved this elite status by heavily investing in and training a highly skilled team in Cisco technologies and by consistently delivering high levels of customer satisfaction. PC Connection has more than 300 Cisco certifications and holds advanced specializations in every Cisco architecture. A deep partnership with Cisco enables PC Connection to deliver an unbeatable customer experience and to develop IT solutions that improve efficiency, reduce costs, and optimize performance from the edge of the wireless network to the core of the data center.

About PC Connection, Inc.

PC Connection, Inc., a Fortune 1000 company, has three wholly owned sales subsidiaries: PC Connection Sales Corporation, MoreDirect, Inc., and GovConnection, Inc., headquartered in Merrimack, NH; Boca Raton, FL; and Rockville, MD; respectively. All three companies can deliver custom-configured computer systems overnight from our ISO 9001:2008 certified technical configuration lab at our distribution center in Wilmington, OH. Investors and media can find more information about PC Connection, Inc. at http://ir.pcconnection.com.

PC Connection Sales Corporation (800-800-5555), the original business of PC Connection, Inc. serving primarily the small- and medium-sized business sector, is a rapid-response provider of IT products and services. It offers more than 300,000 brand-name products through its staff of technically trained sales account managers and telesales specialists, catalogs, publications, and its website at www.pcconnection.com. This company also serves consumer and small office users and is, under its MacConnection brand (800-800-2222), one of Apple's largest authorized online resellers at www.macconnection.com.

MoreDirect, Inc. (561-237-3300), www.moredirect.com, provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and access to over 300,000 products and 1,600 vendors through TRAXX™, our proprietary cloud-based eProcurement system. Backed by over 500 technical certifications, MoreDirect's team of engineers, software licensing specialists, and project managers help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle.

GovConnection, Inc. (800-800-0019) is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, catalogs, publications, and online at www.govconnection.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of changes in market demand and the overall level of economic activity and environment, or in the level of business investment in information technology products, competitive products and pricing, product availability and market acceptance, new products, fluctuations in operating results, the ability of the Company to manage personnel levels in response to fluctuations in revenue, and other risks that could cause actual results to differ materially from these detailed under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2012. The Company assumes no obligation to update the information in this press release or revise any forward-looking statements, whether as a result of any new information, future events, or otherwise.

pccc-g

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PC Connection, Inc.
Corporate Communications, 603-683-2167

KEYWORDS:   United States  North America  New Hampshire

INDUSTRY KEYWORDS:

The article PC Connection Receives Award at Cisco Partner Summit 2013 originally appeared on Fool.com.

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Coeur to Present at Rodman & Renshaw Annual Global Investment Conference in New York City

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Coeur to Present at Rodman & Renshaw Annual Global Investment Conference in New York City

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc.'s ("Coeur" or the "Company") (NYS: CDE) (TSX: CDM) Director, Investor Relations, Bridget Freas, will present at the Rodman & Renshaw Annual Global Investment Conference at the Millennium Broadway Hotel on September 9, 2013 at approximately 2:00 p.m. Eastern time. A PDF of the slide presentation will be posted on the Company's website www.coeur.com.

Highlights of Ms. Freas' presentation include:

  • Reviewing Coeur's second quarter 2013 financial results and full-year guidance.
  • Reiterating the Company's strategic goals and focus, including building a foundation of operational consistency and maximizing net cash flow from the Company's portfolio of operations.

The Rodman & Renshaw Annual Global Investment Conference is for institutional investors, venture capitalists, private investors, industry executives, and private equity firms.

About Coeur

Coeur Mining, Inc. is the largest U.S.-based primary silver producer and a growing gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. The Company also has a non-operating interest in the Endeavor mine in Australia. In addition, the Company has two silver-gold feasibility stage projects - the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The Company owns strategic investment positions in eight silver and gold development companies with projects in North and South America.

Cautionary Statement

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding building a foundation of operational consistency and maximizing net cash flow. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that permits necessary for the planned Rochester expansion may not be obtained, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold and silver and a sustained lower price environment, the uncertainties inherent in Coeur's production, exploratory and developmental activities, including risks relating to permitting and regulatory delays, ground conditions, grade variability, any future labor disputes or work stoppages, the uncertainties inherent in the estimation of gold and silver ore reserves, changes that could result from Coeur's future acquisition of new mining properties or businesses, reliance on third parties to operate certain mines where Coeur owns silver production and reserves, the loss of any third-party smelter to which Coeur markets silver and gold, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur's ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and Canadian securities regulators, including, without limitation, Coeur's most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from any estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.



Coeur Mining, Inc.
Bridget Freas, Director, Investor Relations
312-268-5784
or
Donna Mirandola, Director, Corporate Communications
312-810-8138
www.coeur.com

KEYWORDS:   Australia  United States  North America  Canada  Australia/Oceania  Illinois  New York

INDUSTRY KEYWORDS:

The article Coeur to Present at Rodman & Renshaw Annual Global Investment Conference in New York City originally appeared on Fool.com.

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Novatel Wireless Announces Restructuring Initiatives

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Novatel Wireless Announces Restructuring Initiatives

Expects Third Quarter Revenue to be Within Range of Previously Provided Outlook

SAN DIEGO--(BUSINESS WIRE)-- Novatel Wireless (NAS: NVTL) , a leading provider of intelligent wireless solutions, today announced it is implementing restructuring initiatives designed to refine its business operations and capitalize on synergies in its target markets with the goal of driving long-term profitability. In connection with the restructuring plan, Novatel Wireless is making strategic organizational changes across some of its Mobile Computing and Machine-to-Machine (M2M) business operations that will streamline its research and development resources and consolidate several global manufacturing activities to drive efficiencies.


The company anticipates that the restructuring initiatives will be substantially completed within the next 30-45 days. Once fully implemented, Novatel Wireless estimates that the restructuring initiatives will generate annualized, pre-tax savings of $10 to 11 million, which will begin to be realized in the fiscal fourth quarter of 2013.

Cost savings will be achieved through the consolidation of one of the company's development sites and certain manufacturing and other activities, which the company expects to result in a headcount reduction of approximately 75 to 80 employees.

"The initiatives we announced today are intended to maximize efficiencies and optimize business operations," said Peter Leparulo, CEO of Novatel Wireless. "We are seeing an increasing overlap in our mobile computing and M2M segments, which allows us to leverage development resources across our business units while still developing the strongest product portfolio for both segments. These initiatives also will help ensure our business model is well positioned for the long-term. We believe we are at the center of several new growth markets, and our aim with this plan is to optimize our operations as we sharpen our focus on those key growth areas."

The company expects to record an associated, pre-tax restructuring charge in its GAAP financial results of approximately $3.2 to $4.6 million in the second half of 2013, the majority of which is expected to occur in the fiscal third quarter. This estimated charge includes termination benefits and associated costs, relocation costs, and expenses associated with the facilities consolidation. The charges will be disclosed in the company's upcoming earnings conference calls and quarterly Form 10-Q filings.

The company expects revenue for the third quarter of 2013 to be within the outlook range it provided on August 7, 2013. Guidance reflects the risks and uncertainties associated with the certification, production, commercialization and launch of major new products. All figures are approximations based on management's beliefs and assumptions as of the date of this release.

ABOUT NOVATEL WIRELESS

Novatel Wireless, Inc. is a leader in the design and development of intelligent wireless solutions based on 2G, 3G and 4G technologies. The company delivers specialized wireless solutions to carriers, distributors, retailers, OEMs and vertical markets worldwide. Product lines include MiFi® Intelligent Mobile Hotspots, Ovation™ USB modems, Expedite® embedded modules, Mobile Tracking Solutions, Asset Tracking Solutions, and Enabler® smart M2M modules. These innovative products provide anywhere, anytime communications solutions for consumers and enterprises. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information please visit www.nvtl.com. (NVTLF)

(C) 2013 Novatel Wireless. All rights reserved. The Novatel Wireless name and logo are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.

Cautionary Note Regarding Forward-Looking Statements

Some of the information presented in this release constitutes forward-looking statements based on management's current expectations, assumptions, estimates and projections. In this context, forward-looking statements often address expected future business and financial performance and often contain words such as "may," "estimate," "anticipate," "believe," "expect," "intend," "plan," "project," "will" and similar words and phrases indicating future results. The information presented in this release related to our outlook for the third quarter of 2013 as well as estimated annualized cost savings and estimated charges related to our restructuring initiatives are forward-looking. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated in such forward-looking statements. The Company therefore cannot guarantee future results, performance or achievements. Actual results could differ materially from the Company's expectations.

Factors that could cause actual results to differ materially from Novatel Wireless' expectations are set forth as risk factors in the Company's SEC reports and filings and include (1) the future demand for wireless broadband access to data, (2) the growth of wireless wide-area networking, (3) changes in commercially adopted wireless transmission standards and technologies including 3G and 4G standards, (4) continued customer and end user acceptance of the Company's current products and market demand for the Company's anticipated new product offerings, (5) increased competition and pricing pressure from current or future wireless market participants, (6) dependence on third party manufacturers in Asia and key component suppliers worldwide, (7) unexpected liabilities or expenses, (8) uncertainties and risks associated with component procurement, production, manufacture and assembly of new products, (9) uncertainties and risks associated with the development, certification and launch of new products, (10) the Company's ability to commercialize and introduce new products in a timely manner, (11) litigation, regulatory and IP developments related to our products or component parts of our products, (12) the outcome of pending or future litigation, including the current class action securities litigation, (13) the continuing impact of the global credit crisis on the value and liquidity of the securities in our investment portfolio, (14) dependence on a small number of customers, (15) the effect of changes in accounting standards and in aspects of our critical accounting policies and (16) the Company's plans and expectations relating to strategic relationships, international expansion, software and hardware developments, personnel matters and cost containment initiatives.

These factors, as well as other factors described in the reports filed by the Company with the SEC (available at www.sec.gov), could cause actual results to differ materially. Novatel Wireless assumes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future, except as otherwise required pursuant to applicable law and our on-going reporting obligations under the Securities Exchange Act of 1934, as amended.



Investor contact:
The Blueshirt Group for Novatel Wireless
Chris Danne and Matthew Hunt
415-217-5865 or 415-489-2194
chris@blueshirtgroup.com
matt@blueshirtgroup.com
or
Media contact:
Novatel Wireless
Charlotte Rubin, 858-812-3431
crubin@nvtl.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Novatel Wireless Announces Restructuring Initiatives originally appeared on Fool.com.

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Voip-Pal.com Inc. Mobile Gateway Application Provides the Ability to Eliminate Mobile Roaming Charge

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Voip-Pal.com Inc. Mobile Gateway Application Provides the Ability to Eliminate Mobile Roaming Charges

BELLEVUE, Wash.--(BUSINESS WIRE)-- Voip-Pal.com Inc. ("Voip-Pal") (OTC Pink: VPLM) a technical leader in the broadband Voice-over-Internet Protocol ("VoIP") industry discusses its newly allowed Mobile Gateway patent. Voip-Pal believes that Mobile Gateway is a disruptive technology that will transform the mobile industry with its ability to drastically reduce roaming charges for mobile long distance calls, text messages and data.

Mobile roaming charges have become a growing concern for consumers worldwide. Juniper Research, a leading wireless analyst firm, predicts that mobile roaming will account for more than $80 billion in revenues by 2017 compared to over $46 billion in 2012. Because of these high costs, international travelers often opt to not use their mobile devices when traveling.


Utilizing Mobile Gateway technology, every international long distance cell phone call becomes a local call. The application runs stealthily in the background of any smartphone allowing the user to make international calls in the same fashion as they would make a local call. Additionally, by implementing Mobile Gateway, mobile users will have the ability to travel abroad with their mobile phone and use them normally, eliminating the need to purchase special calling plans or foreign SIM cards.

In response to the growing global problem of the high cost of roaming, the European Union has recently enacted price caps on how much a mobile carrier can charge per long distance call, text message and download. Mobile Gateway technology solves this problem by eliminating the vast majority of those charges through its implementation, whether a consumer uses their mobile device at home or abroad.

Dr. Thomas Sawyer, Chairman and CEO of Voip-Pal stated, "With the continued positive news from the US Patent and Trademark Office regarding the VoIP-Pal.com portfolio of patented technology, the Board and management are very confident of the future success of the Company. Mobile operators, using VoIP's Mobile Gateway and related technology, can now regain control of VoIP Internet traffic that was lost to such competitors as Skype, Vonage, Google and Truephone, which enabled subscribers to obtain free international calling. Mobile operators that choose VoIP patented technology can create their own low cost, billable, full service, quality Internet telephony over defined Internet routes that meet Telco regulations."

About Voip-Pal.com Inc.

Voip-Pal.Com, Inc. ("Voip-Pal") is a publicly traded corporation (OTC Pink: VPLM) incorporated in December of 1997 in the State of Nevada and headquartered in Bellevue, Washington. Voip-Pal is a technical leader in the broadband Voice-over-Internet Protocol ("VoIP") market with the ownership and development of a portfolio of leading edge VoIP Patent Applications. Through its retail website, www.PlatinumPhone.com, Voip-Pal is also a provider of local and long-distance VoIP telephone services for next generation devices including smartphones, tablets and cell phones.

Voip-Pal's primary products are VoIP patent application technology acquired through the acquisition of Digifonica (International) Limited, ("Digifonica"), a wholly owned subsidiary of Voip-Pal. The Company is currently developing, testing, and administrating the patent process to ultimately license or sell the patents upon issuance. The addition of Digifonica has immediately advanced Voip-Pal as a technical leader in the VoIP services market which had revenues of $63 billion in 2012 and is experiencing double digit year-over-year growth. The patent application portfolio has greatly enhanced shareholder value and is expected to contribute to significant future revenue growth for Voip-Pal.com as the number of mobile VoIP subscribers is projected to reach 410 million by 2015.

Corporate Website: www.voip-pal.com

IR inquiries: IR@voip-pal.com

IR Contact: Rich Inza (954) 495-4600

All statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.



Voip-Pal.com Inc.
Rich Inza, 954-495-4600

KEYWORDS:   United States  North America  Washington

INDUSTRY KEYWORDS:

The article Voip-Pal.com Inc. Mobile Gateway Application Provides the Ability to Eliminate Mobile Roaming Charges originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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GTT Hires Geoffrey K. Hicks as Senior Vice President of Global Operations

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GTT Hires Geoffrey K. Hicks as Senior Vice President of Global Operations

MCLEAN, Va.--(BUSINESS WIRE)-- GTT (NYS: GTT) today announced that Geoffrey K. Hicks has joined the GTT leadership team as Senior Vice President of Global Operations. Mr. Hicks will lead GTT's worldwide network operations encompassing 56 major markets, in 26 countries across 3 continents. Specifically, Mr. Hicks will focus on delivering superior service to GTT's global clients.

"With the rapid expansion of our global network and focus on multinational enterprises, we are excited to bring a seasoned executive with deep operational expertise to the company," said Rick Calder, CEO and President of GTT. "As a leader known for delivering superior customer service, Geoff's expertise will only strengthen our competitive edge," added Mr. Calder.


Mr. Hicks has a long and distinguished career in the communications industry bringing over 30 years of operational, engineering, and technology experience to GTT. Prior to joining GTT, Mr. Hicks held several senior management positions with BroadSoft, Primus Telecommunications, and MCI.

About GTT

GTT is the premier cloud network provider to the world. Powered by our global Ethernet and IP backbone, GTT operates the most interconnected network on the globe. With 15 years of proven experience, GTT delivers simplicity, speed and agility, with an absolute client focus. For more information visit GTT www.gtt.net.



GTT Media Inquiries:
Ann Rote
Director, Marketing
+1-703-677-9941
ann.rote@gt-t.net

KEYWORDS:   United States  North America  Virginia

INDUSTRY KEYWORDS:

The article GTT Hires Geoffrey K. Hicks as Senior Vice President of Global Operations originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Victor Cruz, Danny Meyer and Dana Perino Join 'One America' Volunteer Service Tour in New York on Se

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Victor Cruz, Danny Meyer and Dana Perino Join 'One America' Volunteer Service Tour in New York on September 10

Iconic New Yorkers to come together to honor community resilience and emergency response; volunteers to help rebuild five homes destroyed by Hurricane Sandy, including the home of an NYPD officer/first responder

NEW YORK--(BUSINESS WIRE)-- New York Giants wide receiver Victor Cruz, CEO of Union Square Hospitality Group Danny Meyer, Fox News contributor, co-host of The Five and former White House Press Secretary for President George W. Bush Dana Perino, and Rockette Karilyn Surratt will join Points of Light, the world's largest organization dedicated to volunteer service, and JPMorgan Chase & Co. in bringing the national volunteer service tour 'One America' to New York City on September 10. The second of nine tour stops will commemorate the anniversary of September 11th and help some of the more than 200 families in Staten Island and the Rockaways still struggling to return home almost a year after Hurricane Sandy.

   

WHAT:

A discussion on expanding community engagement and the potential that Americans have to make a positive impact when we set aside our differences. The Daily Point of Light award will also be presented to Victor Cruz for his dedication to service.

 

Following the breakfast, volunteers will work with St. Bernard Project, a national disaster recovery organization, and its local partners, the Tunnel to Towers Foundation and Friends of Rockaway, to rebuild five homes on Staten Island and the Rockaways destroyed by Hurricane Sandy. Media are invited to attend the service project at the home of Ray Pepitone, a New York City Police Officer, 9/11 and Hurricane Sandy first responder who has been unable to return to his own storm-devastated home after it was burglarized in the immediate aftermath of the storm.

 

WHO:

Victor Cruz, Wide receiver, New York Giants

Danny Meyer, CEO, Union Square Hospitality Group

Dana Perino, Fox News contributor, co-host of The Five and former White House Press Secretary for President George W. Bush

Karilyn Surratt, Rockette

Neil Bush, Chairman, Points of Light

Patrice DeCorrevont, Chief Executive Officer, Government, Not-for-Profit and Healthcare, Commercial Banking, JPMorgan Chase & Co.

Peter Scher, Executive Vice President and Global Head of Corporate Social Responsibility, JPMorgan Chase & Co.

Ray Pepitone, New York City Police Officer

Volunteers from the St. Bernard Project, Friends of Rockaway, New York Cares, the Tunnel to Towers Foundation and JPMorgan Chase & Co.
 

WHEN:

September 10, 2013

8:00 - 10:30 am: Breakfast and dialogue with Victor Cruz, Danny Meyer, Dana Perino, and Karilyn Surratt

12:00 - 4:00 pm: Service project rebuilding homes destroyed by Hurricane Sandy

 

WHERE:

Breakfast will be held at the JPMorgan Chase & Co. Global Headquarters, 270 Park Avenue, New York, NY
Service projects will be held throughout Staten Island and the Rockaways
 

RSVP:

To attend the breakfast and/or the home rebuilding project at Ray Pepitone's house,

please RSVP to Anna Sczepanski at anna@cfoxcommunications.com or 301-585-5034

 

The One America tour is designed to bring together powerful voices with the goal of inspiring millions of people to unite in service to their communities throughout 2013 and 2014. The initiative leverages volunteers in service projects to tackle three major issues: promoting education, ending hunger and protecting the environment. The tour kicked off in Columbus, OH in July and following New York's event, will continue to Chicago, IL; Miami, FL; Houston, TX; Atlanta, GA; Phoenix, AZ; Los Angeles, CA, and Washington, D.C. For more information on the One America tour, please visit www.one-america.org or follow the conversation on Facebook or on Twitter using the #1America hashtag

About Points of Light

Points of Light—the world's largest organization dedicated to volunteer service—mobilizes millions of people to take action that is changing the world. Through affiliates in 250 cities and partnerships with thousands of nonprofits and corporations, Points of Light engages four million volunteers in 30 million hours of service each year. We bring the power of people to bear where it's needed most. For more information, go to www.pointsoflight.org.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYS: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About St. Bernard Project

St. Bernard Project (SBP) is an innovative, award-winning nonprofit disaster recovery organization that works to ensure that disaster-impacted citizens and communities recover in a prompt, efficient and predictable manner. SBP was founded in New Orleans in 2006, in response to Hurricane Katrina. Since then, SBP has rebuilt homes for over 500 families in greater New Orleans and Joplin, Missouri with the help of 50,000 volunteers, and is now working on-the-ground in communities impacted by Superstorm Sandy. SBP has been recognized by President Obama and the Clinton Global Initiative among others, and founder Liz McCartney was named CNN's Hero of the Year in 2008. For more information on our work in Sandy impacted areas, visit http://sandy.stbernardproject.org/.

About New York Cares

New York Cares is New York City's largest volunteer organization. New York Cares runs vital programs for 1,300 nonprofits, public schools, and city agencies to help people in need throughout the five boroughs, and does so at no cost to the recipient organizations. Since 1987, New York Cares has made it easy for all New Yorkers to work together to strengthen the city.

New York Cares' 56,000 volunteers are hard at work 365 days a year, teaching children the joy of reading, helping low-income students get into college, providing job training to unemployed men and women, giving companionship to elderly nursing home residents, revitalizing public parks and schools, serving meals to homeless and housebound people, donating coats, and more. Last year, New York Cares helped 400,000 at-risk New Yorkers. To learn more, visit newyorkcares.org.



for Points of Light
Anna Sczepanski, 301-585-5034
anna@cfoxcommunications.com
or
for JPMorgan Chase & Co.
Jennifer Kim, 212-622-7068
jennifer.h.kim@jpmchase.com
or
for St. Bernard Project
Evan Achiron, 646-495-1901
eachiron@gloverparkgroup.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Victor Cruz, Danny Meyer and Dana Perino Join 'One America' Volunteer Service Tour in New York on September 10 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Verastem Initiates COMMAND: A Registration-Directed Trial of Defactinib in Patients with Mesotheliom

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Verastem Initiates COMMAND: A Registration-Directed Trial of Defactinib in Patients with Mesothelioma

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Verastem, Inc. (NAS: VSTM) , focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, today announced the initiation of COMMAND (Control Of Mesothelioma with MAiNtenance Defactinib). COMMAND is a registration-directed trial of lead cancer stem cell inhibitor defactinib (VS-6063) in patients with malignant pleural mesothelioma, a highly aggressive form of lung cancer with a high percentage of cancer stem cells.

COMMAND is a registration-directed, double-blind, placebo-controlled trial with Progression Free Survival (PFS) and Overall Survival (OS) as the primary endpoints. The study incorporates the opportunity to enrich for patients with tumors low in the biomarker, merlin. Preclinical and early clinical research has demonstrated that low merlin levels are predictive of increased effectiveness of FAK inhibitors such as defactinib. The COMMAND study will stratify patients to evaluate the effect of defactinib in both the overall patient population and the subgroup that are merlin low.


"FAK inhibition holds significant potential in malignant pleural mesothelioma, a cancer whose aggressiveness and treatment resistance proves all too often to be devastating for patients," said Dr. Joanna Horobin, Verastem Chief Medical Officer. "Development of a drug that preferentially kills cancer stem cells is a promising approach, as many standard-of-care treatments have been shown to either have no effect on, or actually enrich the population of, these chemoresistant cells."

COMMAND is expected to enroll approximately 350-400 patients at clinical sites in 11 countries, including the US, UK, Australia, Canada, South Africa, New Zealand and countries in mainland Europe. Eligible patients who had a partial response or stable disease following standard first-line therapy with platinum/pemetrexed will be stratified to merlin low or high and then randomized 1:1 to receive either placebo or 400 mg of defactinib twice daily.

"The incidence of mesothelioma, among the most aggressive and lethal cancers, is increasing worldwide, underscoring an urgent need to expand the very limited treatment options for patients fighting this disease," said Professor Dean Fennell, Chair of Thoracic Medical Oncology at the University of Leicester, incoming President of the International Mesothelioma Interest Group (iMig) and Coordinating Investigator for COMMAND in the UK. "This well-designed study is expected to deliver a one-two punch to the tumor by treating with defactinib following first-line therapy that achieves initial disease control, but has not eliminated the cancer stem cells nor historically stopped disease progression, in an attempt to prolong clinical response. There is significant enthusiasm within the mesothelioma community for the COMMAND study."

Verastem was recently granted orphan drug designation for defactinib in mesothelioma by the U.S. Food and Drug Administration's Office of Orphan Drug Products. The Company received a similar designation from the European Commission in June of this year. Adding to an intellectual property portfolio including composition of matter for defactinib, these designations provide eligibility for seven- and ten-year periods of market exclusivity, respectively, after product approval, as well as other development incentives.

"Timely initiation of this study marks yet another important milestone in our development of defactinib, and highlights the diligent execution of our clinical strategy by Verastem's research and development team," said Robert Forrester, Verastem President and Chief Executive Officer. "We will provide an update on the progress of this study in our year-end update in the first quarter of 2014."

In addition to defactinib in mesothelioma, Verastem recently announced the completion of the Phase 1 stage and initial data from an ongoing Phase 1/1b study of defactinib in combination with weekly paclitaxel for patients with ovarian cancer. Verastem expects to initiate additional studies of defactinib including a Phase 2 trial in KRAS-mutated Non-Small Cell Lung Cancer and a Phase 1 study in Japan during the third quarter of 2013. The Company also announced the recent initiation of a Phase 1 study of FAK inhibitor VS-4718 in patients with advanced cancer, and that it expects to enter the dual mTORC1/2 and PI3K inhibitor VS-5584 into the clinic later this year.

About Malignant Pleural Mesothelioma

Malignant pleural mesothelioma is an aggressive form of cancer that occurs in the mesothelium, the thin layer of tissue that covers the lungs. Mesothelioma is associated with exposure to asbestos in most cases. According to the World Health Organization, a total of 59,000 deaths occur worldwide each year due to mesothelioma. Most mesotheliomas begin as one or more nodules that progressively grow to form a solid coating of tumor surrounding the lung leading to eventual suffocation and death. A high percentage of mesotheliomas contain cancer stem cells which are generally resistant to the currently available treatment options for advanced mesothelioma.

About Defactinib

Defactinib (VS-6063) is an oral compound designed to target cancer stem cells through the potent inhibition of focal adhesion kinase (FAK). Cancer stem cells are an underlying cause of tumor resistance to chemotherapy, recurrence and ultimate disease progression. Research by Robert Weinberg, Ph.D., scientific cofounder and chair of Verastem's Scientific Advisory Board, and Verastem has demonstrated that the FAK pathway is critical for the growth and survival of cancer stem cells. Defactinib is currently being studied in a registration-directed COMMAND trial in mesothelioma and a Phase 1/1b study in ovarian cancer. A Phase 2 trial in KRAS-mutated Non-Small Cell Lung Cancer and a Phase 1 study in Japan are expected to begin in the third quarter of 2013. Defactinib has been granted orphan drug designation in the U.S. and E.U. for use in mesothelioma.

About Verastem, Inc.

Verastem, Inc. (NAS: VSTM) is discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells. Cancer stem cells are an underlying cause of tumor recurrence and metastasis. Verastem is developing small molecule inhibitors of signaling pathways that are critical to cancer stem cell survival and proliferation: FAK, PI3K/mTOR and Wnt. For more information, please visit www.verastem.com.

Forward-looking statements:

This press release includes forward-looking statements about the Company's strategy, future plans and prospects, including statements regarding the development of the Company's compounds, including VS-6063, VS-4718 and VS-5584, and the Company's FAK, PI3K/mTOR and diagnostic programs generally, the timeline for clinical development and regulatory approval of the Company's compounds, the expected timing for the reporting of data from ongoing trials, the structure of the Company's planned or pending clinical trials and estimates of the Company's ability to fund operations. The words "anticipate," "appear," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "will," "would," "could," "should," "continue," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statement. Applicable risks and uncertainties include the risks that the preclinical testing of the Company's compounds and preliminary data from clinical trials may not be predictive of the results or success of later clinical trials, that data may not be available when we expect it to be that the Company will be unable to successfully complete the clinical development of its compounds, including VS-6063, VS-4718 and VS-5584, that the development of the Company's compounds will take longer or cost more than planned, and that the Company's compounds will not receive regulatory approval or become commercially successful products. Other risks and uncertainties include those identified under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and in any subsequent SEC filings. The forward-looking statements contained in this presentation reflect the Company's current views with respect to future events, and the Company does not undertake and specifically disclaims any obligation to update any forward-looking statements.



Verastem, Inc.
Brian Sullivan, 617-252-9314
bsullivan@verastem.com

KEYWORDS:   United States  North America  Massachusetts

INDUSTRY KEYWORDS:

The article Verastem Initiates COMMAND: A Registration-Directed Trial of Defactinib in Patients with Mesothelioma originally appeared on Fool.com.

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Gold Surges on Market Uncertainty, Gold Miners Benefit

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Investors are monitoring the fast approaching debt ceiling limit on federal spending. The U.S government could reach its debt limit by mid-October. The U.S Federal Reserve expects to reduce its monthly bond-buying program, but the risk of the U.S defaulting on its debt raises doubts of tapering. Gold prices have ballooned as investors placed funds into safe haven assets to protect their investments from market uncertainty. Investors may consider investing in undervalued gold mining producers as the gold market recovers.

Debt ceiling concerns
The U.S Treasury Department said it would reach its $16.7 trillion debt limit by mid-October. U.S Treasury Secretary Jacob Lew advised Capitol Hill to raise the borrowing limit before the possibility of default. If Congress does not raise the debt ceiling, investors would "become unwilling to loan the United States money, the United States could face an immediate cash shortfall," Lew said in a letter to House Speaker John Boehner. "Indeed, such a scenario could undermine financial markets and result in significant disruptions to our economy."

The Obama administration expects the U.S to have about $50 billion in cash on hand by mid-October with no capability of borrowing more funds. The administration told Congress it would not negotiate on raising the debt ceiling, while Congress demands spending cuts before it agrees to raise the $16.7 trillion limit. Internal political tension between Democrats and Republicans could trigger a sell-off in equities. This is not the first time the debt ceiling debate set off uncertainty in the financial markets.


In April 2011, former Treasury Secretary Timothy Geithner warned that the U.S would hit its debt limit by May 16, 2011. Congress agreed to raise the debt ceiling in early August 2011. Although Congress addressed the issue, Standard & Poor's downgraded the country's AAA credit rating for the first time. This event disrupted global markets. The U.S dollar faced currency debasement, the S&P 500 plummeted, and gold futures and gold-backed ETFs reached new highs for the year. If Congress fails to raise the federal debt ceiling this time around, market reactions could reflect results from two years ago, where investors pulled away from equities and jumped into physical and paper gold.

Source: CNNMoney -- The red box depicts the markets reaction to the U.S debt limit debate from May to August 2011. The dark blue line represents SPDR Gold Shares. The yellow line represents the S&P 500.

The Fed's tough decision
The U.S central bank looks to reduce its monthly purchases of $85 billion in Treasuries and mortgage-backed securities. The market believes the Fed could start tapering following the Federal Open Market Committee (FOMC) meeting this month. The Fed's decision to taper its bond buying is dependent on the growth of the U.S economy and labor market. The country's GDP growth rose to 2.5% in the second quarter, beating estimates of 1.7% growth, but conflicts in the Middle East and debates over the debt limit could lag growth in the coming months. Hedge funds and speculative investors have reacted cautiously, transferring their funds from equity markets into safe haven assets such as gold futures and gold-backed ETFs to hedge against uncertainty.

SPDR Gold Shares , the world's largest gold-backed ETF, allows investors to leap into the gold market without the vagaries of the gold futures market. The ETF has seen $1.9 billion in outflows so far in the third quarter. This compares to outflows of $11.5 billion in the second quarter ended June 30, according to data compiled by IndexUniverse. The Feds decision on tapering could determine whether the outflows from gold-backed ETFs will continue or reverse.

Source: IndexUniverse--

If the Fed decides to initiate tapering the stimulus program after the FOMC meeting, physical gold and paper gold prices may fade in the short-term as the U.S dollar and investor confidence in the U.S economy strengthens. If the Fed decides not to start tapering this month, I believe gold prices could rally to $1,500 as soon as October. Higher gold prices would help gold miners recover margins lost from this year's gold slump. Now, gold miners present investors an opportunity to generate alpha from mining stocks that currently trade below their book value such as Yamana Gold and Kinross Gold .

Two gold miners to benefit from a gold rally
Yamana Gold has focused on cost containment programs this year to slash costs of operations to bolster free cash flow and margins per gold ounce. Yamana managed to save $115 million from its aggressive cost-cutting initiatives started in April. All-in sustaining costs (AISC) for the second quarter came in at $950/oz, down from $1,014/oz six months ago. The company expects higher production levels and lower AISC in the second half of 2013 that will reflect the new cost structure.

For the next six months, Yamana will have three new working mines — Ernesto/Pau-a-Pique, C1 and Pilar — which look to further boost production levels. Yamana expects gold production levels to grow 30% more than six months ago and 13% more than a year earlier. Lower costs and higher production levels will strengthen cash flows and margins for the company amid a higher gold price environment. 

Kinross Gold also has searched for solutions to curb rising operating costs to protect profits and cash flows if gold prices drop once again. Kinross reported a $2.48 billion writedown in its second quarter results because of lagging gold prices. This represents its third impairment charge in a year and half. Kinross's impairment charges now total $8 billion. 

Management reduced the company's annual capital expenditures forecast to $1.45 billion from $1.6 billion, saving $180 million from its cost restructuring initiatives. Cancellation of its upcoming semi-annual dividend payment to its shareholders will save $182 million per year. Kinross expects to produce gold at an AISC of $1,000 to $1,200/oz this year. 

Both companies recognize that cutting budgets and conserving cash will add strength to their liquidity. As mentioned in an earlier article, gold miners have been conservative with deploying their cash into new projects. Miners have avoided taking on the risk of investing in projects that may not yield sufficient cash flows or profits at current gold prices. Balance sheets have improved from preserving cash, better positioning gold miners when they seek to expand their operations in a richer gold environment.

Bottom Line
U.S policy makers have tough decisions to make that could potentially shape the global markets for the next few years. Congress's failure to raise the debt limit in a timely manner could dampen investor confidence and trigger a sell-off in equity assets. The debt ceiling debate has markets questioning if the Fed will decide to taper its monetary policy. If the Fed announces the delay of tapering at the FOMC meeting, hedge funds and speculative investors would yield profits from their safe haven assets such as gold futures and gold-backed ETFs. Gold miners Yamana and Kinross present equity investors long-term value in the event gold prices surge.

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The article Gold Surges on Market Uncertainty, Gold Miners Benefit originally appeared on Fool.com.

Christopher DeSousa has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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