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NEW YORK - Wednesday, October 2nd 2013 [ME NewsWire]

(BUSINESS WIRE) The Financial Times and Citi today announce the finalists for the second annual FT/Citi Ingenuity Awards: Urban Ideas in Action programme. The awards aim to recognise individuals, teams, organisations and community groups that have developed groundbreaking solutions to urban challenges that benefit cities, citizens and urban communities.

Submissions were received from 44 countries and judges selected the finalists by region, based on the most innovative solutions enabling urban progress across city administration, transport systems, energy and utilities, education and resource management, housing, health, social services, mobile technologies, community engagement and collaboration platforms.

One winner will be chosen for each region and a global winner will be announced at an awards dinner in New York on December 10, where Edward Glaeser, Fred and Eleanor Glimp Professor of Economics at Harvard Un ... Read more »

Edgen Group stockholders to receive US$12.00 per share

NEW YORK & BATON ROUGE, La. - Wednesday, October 2nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- Sumitomo Corporation ("SC”) and Sumitomo Corporation of America, Inc. ("SCOA”), collectively "Sumitomo”, and Edgen Group Inc. (NYSE:EDG) today announced the signing of a definitive merger agreement whereby Sumitomo will acquire all outstanding shares of Edgen Group Inc. ("Edgen Group”) for US$12.00 per share in cash ("acquisition”). The acquisition, which is expected to close before the end of 2013, is subject to customary closing conditions and regulatory approvals.

"The investment in Edgen Group will represent further expansion of Sumitomo’s distribution presence across the upstream, midstream, and downstream oil and gas markets, and other related energy and infrastructure segments and will complement Sumitomo’s integrated supply solutions to the growing energy market,” said Kazuhiro Takeuchi, President and CEO, SCO ... Read more »

CLARENCE, N.Y - Wednesday, October 2nd 2013 [ME NewsWire]

(BUSINESS WIRE) 22nd Century Group, Inc. (OTCQB:XXII) today announced that its subsidiary, 22nd Century Limited, LLC, and British American Tobacco (Investments) Limited, a subsidiary of British American Tobacco plc (LSE:BATS; NYSE MKT: BTI), have signed a worldwide research license agreement (the "Agreement”) granting BAT access to 22nd Century’s patented technology which alters levels of nicotinic alkaloids in tobacco plants.

The Agreement grants British American Tobacco (Investments) Limited and all other affiliates of British American Tobacco plc (collectively, "BAT”) rights to three of 22nd Century’s patent families encompassing a cumulative of 28 patents and patent applications in various countries and regions and an option to enter into a worldwide commercial license with 22nd Century. 22nd Century Group and its affiliates retain worldwide rights to the technology and patents licensed to BAT for use worldwide ... Read more »

Patent-pending Modular Detritiation System™ Strengthens Clean, Safe Value of Nuclear Power

IRVINE, Calif - Tuesday, October 1st 2013 [ME NewsWire]

(BUSINESS WIRE) Kurion, Inc., an innovator in nuclear and hazardous waste management, announced a breakthrough in the treatment of the historically difficult to capture isotope with the introduction of its patent-pending Modular Detritiation System™ (MDS™) to decontaminate tritiated water. The ability to perform light water detritiation (i.e., the removal of tritium from water) enables the safe release of purified water into the environment or recycling of reactor cooling water. The technology has applications for light water reactors, which are the dominant nuclear plant designs worldwide.

The decontamination of tritium (T) is particularly problematic: it is a special form of hydrogen that forms tritiated water (HTO vs. H2O), which does not lend itself to removal by conventional technologies. This is because instead of ... Read more »

CHARLOTTE, N.C. - Wednesday, October 2nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- Bank of America announced today that it has completed the merger of its Merrill Lynch & Co., Inc. subsidiary into Bank of America Corp. Bank of America previously stated that it was considering merging Merrill Lynch & Co., Inc. directly into Bank of America Corp. as early as the fourth quarter of 2013. The merger has no effect on the Merrill Lynch name and brand, and will have no impact on customers or clients.

Subsidiaries of Merrill Lynch & Co., Inc., a holding company, will continue to operate under the Merrill Lynch name and brand. Bank of America’s primary broker-dealer, Merrill Lynch, Pierce, Fenner & Smith, and its non-U.S. broker-dealer entities will continue to operate under their current names and brands.

As of Oct. 1, in connection with the merger, Bank of America Corp. assumed all of Merrill Lynch & Co., Inc.’s obligations, including its outstanding U.S. an ... Read more »

Global Philanthropic Initiative Will Leverage Citi Velocity Platform

ME Newswire / Business Wire

NEW YORK - Tuesday, October 1st 2013

Citi today announced the launch of e for Education, a three-month initiative to raise funds for education-related nonprofits around the world. Beginning today and through December 31, Citi will donate funds to several charities based on a percentage of institutional client FX transaction volumes executed through its electronic trading platform, Velocity.

Citi Velocity is an award-winning proprietary FX electronic trading platform for institutional clients. It provides real-time pricing with one-click trading for multiple foreign exchange products, including spot, forwards, swaps and options. Citi Velocity is used by a large number of Citi’s institutional clients globally not only for trading but also as their source for research, economics, FX market color and post-trade activity.

"We believe e for Education is the fir ... Read more »

INGELHEIM, Germany - Tuesday, October 1st 2013 [ME NewsWire]

(BUSINESS WIRE) For media outside of the U.S.A., UK and Canada only

Ten abstracts featuring Boehringer Ingelheim’s investigational hepatitis C virus (HCV) protease inhibitor, faldaprevir*and polymerase inhibitor, deleobuvir* will be presented at the 64th Annual Meeting of the American Association for the Study of Liver Diseases (AASLD) 2013, 1-5 November, Washington.1

Faldaprevir* is a second generation protease inhibitor and is the foundation of Boehringer Ingelheim’s interferon-based and interferon-free treatment regimens.

The accepted abstracts include final results from the Phase III STARTVerso™1 and 2 studies, investigating the treatment regimen of faldaprevir* in combination with pegylated interferon and ribavirin. Also data in difficult-to-treat populations such as treatment-experienced (STARTVerso™3 – final data) and HCV/HIV co-infected (STARTVerso™4 – end of treatment data) patients will b ... Read more »

TOKYO - Wednesday, October 2nd 2013 [ME NewsWire]

(BUSINESS WIRE) Toshiba Corporation (TOKYO:6502) today announced the launch of "TB9043FTG”, a multi-output system power supply IC that incorporates multiple DC-DC converters and series regulators1 for general automotive applications. Sample shipments start today, with mass production scheduled to start in October 2014.

The growth of highly sophisticated automotive applications requires microcontrollers that operate with low power and high current. This increases the need for power supply IC incorporating DC-DC convertors with the high electrical efficiency required to reduce overall power consumption. The"TB9043FTG” integrates two channels of DC-DC converters and two channels of low noise series regulators, and can drive microcontrollers that require a 1A class large current load. The IC also integrates a wide variety of monitoring functions and outputs monitoring status, which helps to contribute to improved safety of aut ... Read more »