NEW YORK - Saturday, July 11th 2015 [ME NewsWire]
Coty Inc. to Merge P&G’s Fragrance, Color Cosmetics and Hair Color Business into the Company Through a Reverse Morris Trust Structure
Post-Integration, Will Create Strong Platform for Future Growth, Organically or Through Acquisitions
Meaningful EPS Accretion and Unlocking of Synergies
Increase in Annual Dividend to $0.50 per share Post-Closing
(BUSINESS WIRE)-- Coty Inc. (NYSE:COTY) announced today the signing of a definitive agreement to merge The Procter & Gamble Company’s (NYSE:PG) fine fragrance, color cosmetics, and hair color businesses (“P&G Beauty Business”) into Coty through a tax-free Reverse Morris Trust transaction. The transaction is based on a proposal by Coty valuing the P&G Beauty Business at approximately $12.5 billion at the time the proposal was made. Following the transaction, P&G shareholders will own 52% of all outstanding share
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BERLIN. - Friday, July 10th 2015 [ME NewsWire]
· HD+ and TechniSat’s first UHD TV with integrated HD+ decryption system (no CI+ module for HD+ required) premiered at the IFA Innovation Briefings
· HD+ to launch UHD demo channel in September
(BUSINESS WIRE)-- German HD platform HD+, a subsidiary of SES S.A. (NYSE Paris:SESG) (LuxX:SESG), and German TV and satellite technology manufacturer TechniSat unveiled the first Ultra High-Definition (UHD) TV with integrated HD+ decryption system (no CI+ module for HD+ required) today at the IFA Innovations Media Briefing. HD+ also announced the launch of its UHD demo channel in September.
With this new TechniMedia UHD+, consumers will have easy access to more than 50 HD channels via the HD+ platform as long as they have a valid HD+ card. They will also be able to access HD+’s new UHD demo channel. Currently, HD+ customers access HD+ channels by connecting their TV with an HD+ set-top-box
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Ericsson, Mobile World Capital and Upstream Named Winners of First Mobile World Congress Green Stand Awards
BARCELONA, Spain - Friday, July 10th 2015 [ME NewsWire]
(BUSINESS WIRE) -- The GSMA today announced that the 2015 Mobile World Congress has officially been certified as carbon neutral, reaffirming its position as the world’s largest carbon neutral conference and exhibition. BSI (British Standards Institution) has verified that the GSMA successfully completed the certification process under the PAS 2060 international standard and that Mobile World Congress has achieved a carbon neutral footprint. Additionally, as part of its broader environmental initiatives for Mobile World Congress, the GSMA today recognised Ericsson, the Mobile World Capital Barcelona and Upstream as the winners of the inaugural Mobile World Congress Green Stand Awards.
“Following our initial certification in 2014, we put in place a comprehensive programme designed to furt
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Essays by thought leaders worldwide address quality in varying topics
MILWAUKEE - Friday, July 10th 2015 [ME NewsWire]
(BUSINESS WIRE)-- ASQ’s recently released 2015 Future of Quality Report, titled “Quality Throughout,” offers a glimpse into the future as it relates to quality in customer experience, big data, risk management and decentralized leadership, among other topics.
The report, published by ASQ in collaboration with the Long Term Strategy Group, identifies emerging trends, challenges and opportunities and fosters discussion and debate on their potential impact. The report serves as a catalyst for businesses to incorporate the insights into their business planning and operations.
ASQ has published the Future of Quality Study since 1996. Unlike previous versions, this year’s report consists of 11 essays from prominent thought-leaders worldwide working in areas of interest not only to the quality community, but governmen
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Oyo field production exceeds 14,000 boe/d
HOUSTON - Wednesday, July 8th 2015 [ME NewsWire]
(BUSINESS WIRE)-- Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) provides an update on Oyo field production and updates its offshore operations in The Gambia.
Nigeria
Erin Energy’s current average production from the Oyo field is in excess of 14,200 barrels of oil equivalent per day (“boe/d”) and is 94% oil. The Company is continuing further production optimization efforts on both the Oyo-7 and Oyo-8 wells.
The Oyo-7 and Oyo-8 wells are producing into the Floating Production Storage and Offloading vessel (“FPSO”), Armada Perdana, and Erin Energy has scheduled the first lifting from the FPSO for sale of at least 300,000 barrels of crude oil to occur mid-July, with a second lifting scheduled for end-July.
Segun Omidele, Senior Vice President of Exploration and Prod
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Doha, Qatar - Wednesday, July 8th 2015 [ME NewsWire]
QNB Group, one of the World’s Strongest Banks and the leading bank in the Middle East and North Africa, announced its results for the six months ended 30 June 2015.
For the six months of 2015, Net Profit was QAR5.6 billion (USD1.5 billion), up by 10.2% compared to last year.
The Group’s prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of 21.0%, which is considered one of the best ratios among financial institutions in the region.
Total assets increased by 9.7% from June 2014 to reach QAR511 billion (USD140.2 billion) , the highest ever achieved by the Group. This was the result of a strong growth rate of 9.2% in loans and advances to reach QAR356 billion (USD97.8 billion).
The Group was able to maintain the ratio of non-performing loans to gross loans at 1.5%, a level considered one of th
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TINLEY PARK, Ill. - Friday, July 10th 2015 [ME NewsWire]
(BUSINESS WIRE)-- Panduit Corp., a leading global provider of next-generation Industrial Automation Infrastructure solutions, announces it has completed the acquisition of IntraVUE by Network Vision Inc. This acquisition increases the Panduit Industrial Automation Infrastructure offering to its customer base with a tool for visualization and diagnostics of Industrial Ethernet control networks.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150709006024/en/
Automation networks are susceptible to interruptions which often result in downtime, and lost production. While conventional tools are frequently unable to detect many types of network interruptions, IntraVUE provides the capability to identify and report information critical to improving uptime of the Industrial Ethernet infrastructure.
According to Matthew O’Sullivan, Pa
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