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Samsung Electronics to spin off LCD unit

by on February 20, 2012

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(MENAFN) Samsung Electronics said that in order to improve its competitiveness amid fierce competition with rivals, the firm would spin off its liquid crystal display (LCD) unit, reported Xinhua …

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Samsung Electronics to spin off LCD unit

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Nokia plans to slash 8% of workforce

by on February 8, 2012

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(MENAFN) Nokia said that the firm would slash 8 percent of its workforce in 2012, reported Reuters. The firm, which had 130,000 staff at the end of 2011, including Nokia Siemens, added that the …

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Nokia plans to slash 8% of workforce

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S Korea’s Hynix posts USD150m operating loss in Q4

February 2, 2012

(MENAFN) South Korea’s Hynix Semiconductor said that since prices of memory chips dropped due to weak demand, in the fourth quarter, the firm posted an operating loss of USD150 million, reported …

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India’s Maruti Suzuki posts 63.3% plunge in Q3 profit

January 23, 2012

(MENAFN) India’s Maruti Suzuki said that in the third quarter, the firm’s net profit declined 63.3 percent, to USD40.93 million, reported Reuters. The country’s biggest automaker added that the …

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EBay’s Q4 earnings hit USD1.98b

January 19, 2012

(MENAFN) EBay’s CEO, John Donahoe, said that driven by a gain from the sale of the firm’s remaining investment in Skype, in the four quarter, EBay’s earnings grew to USD1.98 billion, from USD559 …

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US Aon to relocate headquarters to London

January 15, 2012

(MENAFN) Aon, the giant reinsurance broker, said that in order to gain greater financial flexibility and accessibility to emerging markets, the firm would relocate headquarters from Chicago to …

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Video: Cohan Says Scrutiny on Goldman Is Like `Water Torture’

May 20, 2011

May 20 (Bloomberg) — William Cohan, author of “Money and Power: How Goldman Sachs Came to Rule the World” and a Bloomberg Television contributing editor, discusses Goldman Sachs Group Inc.’s public relations strategy and U.S. Senator Carl Levin’s report on the firm’s mortgage bets. Cohan speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

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The Piacente Group Appoints Amber Jesic as Operations Manager

May 19, 2011

NEW YORK, NY–(Marketwire – May 19, 2011) – The Piacente Group, Inc. (“TPG”) , a full service investor relations consulting firm with offices in New York, California and Beijing, today announced that Amber Jesic has joined the firm as operations manager. In this capacity Ms. Jesic is responsible for managing finance, information technology, recruitment, and internal policies and procedures.

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Video: Tyler Sees `Enough Margin of Safety’ in Goldman Stock

May 13, 2011

May 13 (Bloomberg) — Jason Tyler, senior vice president at Ariel Investment LLC, discusses the outlook for Goldman Sachs Group Inc. a month after a Senate report said the firm misled clients. Tyler speaks with Erik Schatzker and Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

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Sikich Financial Adds Henry as Financial Advisor

April 29, 2011

AURORA, IL–(Marketwire – Apr 29, 2011) – Sikich LLP, a nationally recognized public accounting and business advisory firm ( www.sikich.com ), announces that Matthew J. Henry, CRPC®, has joined the firm as a Financial Advisor for Sikich Financial. Sikich Financial is a registered investment advisor and wholly owned subsidiary of Sikich LLP.

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Top Economist Joins CBRE as Head of Americas Research, Senior Managing Dir.

April 22, 2011

CB Richard Ellis Group named Asieh Mansour, PhD, as head of Americas research and senior managing director of global research and consulting. As one of the top economists at CBRE, Mansour will oversee the firm’s analysts in the Americas, advise on economic issues and serve as a spokesperson on the industry. “Our research and analytical capabilities are a key strength for CB Richard Ellis, which we continually work to improve,” said Mike Lafitte…

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Corporate Partner Cal Smith Joins King & Spalding in Atlanta

April 15, 2011

ATLANTA, GA–(Marketwire – April 15, 2011) – William C. (Cal) Smith, one of the leading corporate lawyers in the southeastern United States, has joined King & Spalding as a corporate partner in its Atlanta, Ga., office, the firm announced today.

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Tiedemann Wealth Management Announces Key Leadership Appointments

April 12, 2011

NEW YORK, NY–(Marketwire – April 12, 2011) – Tiedemann Wealth Management is pleased to announce two strategic appointments to enhance its management. Wolfgang Traber has joined as a member of the firm’s Investment Committee and James Bertles was appointed to the Board of Directors of the Tiedemann Trust Company.

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Former U.S. Assistant Secretary of Defense for Asian and Pacific Security Affairs, Lt.Gen. Chip Gregson, Joins Avascent International

April 11, 2011

WASHINGTON, DC–(Marketwire – April 11, 2011) – Avascent International, a Washington, D.C.-based global advisory and consulting firm with offices in five cities on three continents, today announced that Lt.Gen. Wallace “Chip” Gregson, USMC [Ret.] has joined the firm as a Senior Advisor. Lt.Gen. Gregson most recently served as the Assistant Secretary of Defense, Asian and Pacific Security Affairs.

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Corporate Partner Martin Hunt Joins King & Spalding’s London Office

April 7, 2011

LONDON–(Marketwire – April 7, 2011) – In the continuing expansion of its global corporate practice, Martin Hunt is joining the London office of King & Spalding, the firm announced today. Hunt is a UK solicitor who also is a U.S. qualified lawyer in Texas and New York. He is the 15th corporate partner King & Spalding has added since May 2010.

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Sail Capital Partners in Expansion Mode With New Partner Chris Rhoades and Three Other Additions to the Team

April 5, 2011

IRVINE, CA and NEW YORK, NY–(Marketwire – April 5, 2011) –   SAIL Capital Partners has announced that Chris Rhoades , an Entrepreneur and Executive with extensive experience in institutional debt and equity markets and corporate finance, has joined their team as Partner, residing in the firm’s Orange County, CA office. SAIL has also hired three new employees, Alyssa Lorenz as Associate and Lisa Caughern as Administrative Assistant in the firm’s Irvine office, and Greg Kivetz

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WilmerHale Adds IP Litigation Veteran Lloyd "Rusty" Day to Its Growing West Coast Practice

March 30, 2011

PALO ALTO, CA–(Marketwire – March 30, 2011) – Lloyd R. Day Jr., one of the nation’s most accomplished IP litigators, has joined WilmerHale as a partner in the firm’s Palo Alto office. Mr. Day brings decades of experience trying high-stakes patent litigation cases on behalf of leading high-technology companies throughout the country. Recently, Chambers USA 2010 recognized Mr. Day as “one of the preeminent patent litigators in California, if not the whole country.”

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Parsons Appoints McMorrow as Executive Vice President Parsons Enterprises

March 29, 2011

PASADENA, CA–(Marketwire – March 29, 2011) – Parsons is pleased to announce that Ruth McMorrow has joined the firm as Executive Vice President, Parsons Enterprises, a new entity that will form part of the Strategy and Development organization reporting to Jim Shappell, Parsons Group Executive, Development/Strategy. Ms. McMorrow will be responsible for leading Parsons’ efforts in Public-Private Partnerships, project financing opportunities, and project investment initiatives.

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Mark Noble and Jim Tymeck Join KGS-Alpha to Expand Trading Platform

March 28, 2011

NEW YORK, NY–(Marketwire – March 28, 2011) – KGS-Alpha Capital Markets , L.P. is pleased to announce that Mark Noble has joined the firm as Head of Structured Corporate and Agency Debt and Jim Tymeck as the new Head of the Finance Desk. 

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PIMCO Announces Elizabeth MacLean and Jason Duko to Join Firm as Senior Members of Bank Loan Portfolio Management Team

March 23, 2011

NEWPORT BEACH, CA–(Marketwire – March 23, 2011) – PIMCO, a leading global investment management firm, has announced that Elizabeth (Beth) MacLean and Jason Duko will join the firm and become members of PIMCO’s bank loan portfolio management team. Upon joining PIMCO in early April, Ms. MacLean will become an Executive Vice President and Portfolio Manager, and Mr. Duko will become a Senior Vice President and Portfolio Manager. They will be based in the firm’s Newport Beach office and will report to Marc Seidner, a Managing Director and senior member of the Portfolio Management Group.

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Former Congressman Ike Skelton Joins Husch Blackwell as Partner

March 10, 2011

KANSAS CITY, MO–(Marketwire – March 10, 2011) –  Husch Blackwell is pleased to announce that former United States Representative and House Armed Services Committee Chairman Ike Skelton will join the firm on March 15.

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Sikich Investment Banking Names Imran S. Mohiuddin Associate

March 8, 2011

CHICAGO, IL–(Marketwire – March 8, 2011) – Sikich Investment Banking is pleased to announce that Imran S. Mohiuddin has joined the firm as an Associate. In his new role, Mr. Mohiuddin will focus on a full range of mergers and acquisitions advisory, debt and equity financings, and corporate finance services to corporate and private equity clients.

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Sikich Investment Banking Names Mark A. Solovy Managing Director

March 3, 2011

CHICAGO, IL–(Marketwire – March 3, 2011) – Sikich Investment Banking is pleased to announce that Mark A. Solovy has joined the firm as a Managing Director. In his new role, Mr. Solovy will focus on debt and equity financings, private placements and mergers and acquisitions in the middle market.

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King & Spalding Adds Partner Justin Riess to Charlotte Finance Practice

February 28, 2011

CHARLOTTE, NC–(Marketwire – February 28, 2011) – King & Spalding announced today the arrival of Justin M. Riess to its growing Charlotte office. Riess will serve as a partner in the firm’s finance practice and will focus on asset-based, acquisition and working-capital financings.

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Texas Subsidiary of UHY Advisors Elects Executive Committee; Rick Stein Re-Elected as Chairman

February 7, 2011

HOUSTON, TX–(Marketwire – February 7, 2011) – The professional services firm of UHY Advisors TX, LLC recently announced its 2011 Executive Committee. Rick Stein has been re-elected as CEO of the firm and Chairman of the seven-member Executive Committee.

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Hagen Realty Group Extends Its Expertise to the Carolinas

February 7, 2011

CHARLOTTE, NC–(Marketwire – February 7, 2011) – Longtime industry veteran William A. Higgins has teamed up with Hagen Realty Group as vice president of the firm’s sales in North and South Carolina.

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Adam Guild Sells Winstar Interactive, Joins Hungry? City Guides as President and CEO

February 2, 2011

LOS ANGELES, CA–(Marketwire – February 2, 2011) – Adam Guild, who brought online publisher rep firm Winstar Interactive out of bankruptcy and drove sales to nearly $20 million annually, has sold the firm to current employees and accepted the position of President and Chief Executive Officer of Los Angeles-based Hungry? City Guides, publishers of print urban dining and drinking guides.

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First Western Trust Bank Elevates Josh Wilson to President of Denver Office and Adds Louis Rivas as Senior Private Banker

February 2, 2011

DENVER, CO–(Marketwire – February 2, 2011) – First Western Trust Bank, striving to be the best private bank for the Western wealth management client, announced today that Josh Wilson has been promoted to President of the firm’s Denver office.

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Hagen Realty Group Opens Washington DC Office

January 31, 2011

CARROLLTON, GA–(Marketwire – January 31, 2011) – Industry veteran W. Ronald Evans, CAI-AARE-CES, has joined Hagen Realty Group as vice-president of the firm’s new Washington DC office, which will service the DC and Maryland area.

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Hagen Realty Group Opens Washington DC Office

January 31, 2011

CARROLLTON, GA–(Marketwire – January 31, 2011) – Industry veteran W. Ronald Evans, CAI-AARE-CES, has joined Hagen Realty Group as vice-president of the firm’s new Washington DC office, which will service the DC and Maryland area.

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Nelson D. Diaz and Neil M. Schiller Elected Shareholders at Becker & Poliakoff

January 28, 2011

FT. LAUDERDALE, FL–(Marketwire – January 28, 2011) – Becker & Poliakoff, a diversified commercial law firm with more than 125 attorneys in 13 Florida offices, New York City, New Jersey, Nassau (Bahamas) and Prague, today announced that Nelson D. Diaz and Neil M. Schiller have been elected as shareholders of the firm. Both Mr. Diaz and Mr. Schiller are attorneys in the firm’s Government Law & Lobbying practice.

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Kaub Joins Parsons as Vice President of Market Development

January 19, 2011

PASADENA, CA–(Marketwire – January 19, 2011) – Parsons is pleased to announce that Brian C. Kaub has joined the firm as Vice President of Market Development for its Transportation Group. In this role, Mr. Kaub will be responsible for supporting marketing, teaming, estimating, and proposals for many of Parsons’ major transportation project pursuits.

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Corporate Partner Steven Guynn Joins King & Spalding in New York in Continued Worldwide Growth of Firm’s Transactional Practices

January 19, 2011

NEW YORK, NY–(Marketwire – January 19, 2011) –  International law firm King & Spalding today announced the addition of veteran corporate partner Steven D. Guynn to its New York office, the latest move in the firm’s expansion of its transactional practices. Guynn is the twelfth transactional partner worldwide, and the fifth in New York, to join King & Spalding in the past eight months. 

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Corporate Partner Steven Guynn Joins King & Spalding in New York in Continued Worldwide Growth of Firm’s Transactional Practices

January 19, 2011

NEW YORK, NY–(Marketwire – January 19, 2011) –  International law firm King & Spalding today announced the addition of veteran corporate partner Steven D. Guynn to its New York office, the latest move in the firm’s expansion of its transactional practices. Guynn is the twelfth transactional partner worldwide, and the fifth in New York, to join King & Spalding in the past eight months. 

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Video: Gibney Says 2011 to Be `Very Good’ for Venture Capital

January 12, 2011

Jan. 12 (Bloomberg) — Bruce Gibney, partner and chief operating officer of Founders Fund, discusses venture capital and the firm’s investment strategy. Gibney, speaking from San Francisco with Lisa Murphy on Bloomberg Television’s “Fast Forward,” also discusses the investment appeal of Space Exploration Technologies Inc., or SpaceX. (Source: Bloomberg)

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Ridenoure Joins Parsons as Vice President of Nuclear Energy Initiatives

January 11, 2011

PASADENA, CA–(Marketwire – January 11, 2011) – Parsons is pleased to announce that Ross Ridenoure has joined the firm as Vice President of Nuclear Energy Initiatives. In this role, Mr. Ridenoure will be responsible for supporting Parsons’ business expansion into domestic and international nuclear energy markets.

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Video: Bjork Says Qlik’s Software Offers `Competitive Edge’

January 7, 2011

Jan. 6 (Bloomberg) — Lars Bjork, chief executive officer of Qlik Technologies Inc., talks about his company’s business-intelligence software and some of the firm’s customers. Bjork speaks with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

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Cohen and Wolf Names New Managing Partner as the Firm Celebrates Its 60th Anniversary

January 6, 2011

BRIDGEPORT, CT–(Marketwire – January 6, 2011) – David A. Ball, a principal of the firm, has been named as the new managing partner of Cohen and Wolf, P.C. Mr. Ball will replace Irving Kern, who served as managing partner from 1994 through 2010. Mr. Kern will continue as a principal of the firm.

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Robert Klap Joins Platinum Equity as Principal

January 6, 2011

LOS ANGELES, CA–(Marketwire – January 6, 2011) – Platinum Equity announced today that Robert Klap will join the firm as a principal based in London, where he will assist the firm’s investor relations, capital raising and deal origination programs.

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Video: U.S. Equity Funds Have First Weekly Inflow Since April

December 30, 2010

Dec. 30 (Bloomberg) — Funds that focus on U.S. equities ended an eight-month period of withdrawals last week, signaling investors are regaining confidence in the economic recovery, according to estimates from the Investment Company Institute. Flows turned positive in the week ended Dec. 21, when investors added $335 million to American equity funds, the firm said in a report. Bloomberg’s Zahra Burton reports.(Source: Bloomberg)

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King & Spalding Elects Three Partners to Its Policy Committee

December 9, 2010

ATLANTA, GA–(Marketwire – December 9, 2010) – King & Spalding, a leading international law firm, announced today it elected three partners to the firm’s 10-person policy committee, effective January 1, 2011. They are Sarah R. Borders (Atlanta), Joseph W. Dorn (Washington, D.C.) and Robert F. Perry (New York). 

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Becker & Poliakoff’s Government Law & Lobbying Department Welcomes Elinette Ruiz and Marcie Oppenheimer Nolan

December 2, 2010

FT. LAUDERDALE, FL and MIAMI, FL–(Marketwire – December 2, 2010) – Becker & Poliakoff, a diversified commercial law firm with more than 125 attorneys in 13 Florida offices, New York City, New Jersey, Nassau (Bahamas) and Prague, today announced that Marcie Oppenheimer Nolan and Elinette Ruiz have joined the firm’s Government Law & Lobbying Practice.

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Underhill Named CEO of the Americas for Cushman & Wakefield

November 17, 2010

Cushman & Wakefield appointed James M. Underhill CEO of the Americas, overseeing 141 of the firm’s offices in nine countries throughout North and South America. The senior executive will report to company president and CEO Glenn Rufrano and conduct operations…

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First Western Trust Bank Names Russel Schmucker to Run Cherry Creek Office

October 12, 2010

DENVER, CO–(Marketwire – October 12, 2010) –  First Western Trust Bank, striving to be the best private bank for the Western wealth management client, announced that Russel Schmucker has been named President of the firm’s Cherry Creek office. 

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Steven Wintheiser Joins Cornerstone Environmental Group

October 11, 2010

MIDDLETOWN, NY–(Marketwire – October 11, 2010) –  Cornerstone Environmental Group, LLC announced that Steven Wintheiser has joined the firm, and will serve as a senior project manager, focusing on landfill construction, closure and infrastructure projects. Based in the Farmington Hills, Michigan office, Mr. Wintheiser will assist clients in the Midwest and around the country with construction quality assurance (CQA), construction management (CM), and operations and maintenance (O&M) issues.

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Treasury Announces 2B Citigroup Bailout Securities Sale

October 4, 2010

The US Treasury Department has announced plans to sell 22 billion worth of Citigroup trust preferred securities Trups as part of a plan to consolidate profits from the 2008 bailout of the firm according to Bloomberg

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King & Spalding Names Mike Stenglein Managing Partner in Austin

September 24, 2010

AUSTIN, TX–(Marketwire – September 24, 2010) –  King & Spalding announced today the appointment of Mike Stenglein as managing partner of the firm’s Austin, Texas, office. Stenglein takes over from Robert E. (Bobby) Meadows, managing partner of the firm’s Houston office, who also managed the Austin office since it opened in May 2008. Meadows continues in his Houston leadership role. 

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John Jennings Joins Wholesale Trading Co-Op as President and CEO

September 21, 2010

SAN FRANCISCO, CA–(Marketwire – September 21, 2010) – Wholesale Trading Co-Op LLC (“WTC”) announces John Jennings has joined the firm as President and CEO. Mr. Jennings is an experienced wholesale brokerage industry veteran and will lead the WTC founding team managing retail broker members and key specialty insurance markets across the country.

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Matt Davies Joins Cornerstone Environmental Group

September 13, 2010

MIDDLETOWN, NY–(Marketwire – September 13, 2010) –  Cornerstone Environmental Group, LLC announced that Matt Davies has joined the firm, and will serve as vice president, focusing on client relations, business development, and strategic planning. He will use his considerable solid waste industry expertise to help Cornerstone’s clients integrate their operational and engineering needs with environmental compliance requirements.

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