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Progress on potentially less harmful alternatives to smoking 

LAUSANNE, Switzerland-Wednesday, January 25th 2017 [ ME NewsWire ]

Over one million adult smokers have converted to IQOS, PMI’s leading heated tobacco product

(BUSINESS WIRE)-- Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today re-affirms its commitment to designing a smoke-free future. With more than one million adult smokers who have converted to IQOS, momentum continues to grow behind the company’s full-scale effort to market smoke-free products that can ultimately replace cigarettes. PMI’s new website offers a look into its vision for the future, and how its new products can have a significant impact on adult smokers and society.

“Adult smokers are looking for product choices that offer the satisfying taste, ritual, and pleasure they get from cigarettes, but with far lower amounts of the harmful compounds found in smoke,” said Tony ... Read more »

SUWANEE, Ga.-Wednesday, January 25th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Meggitt Training Systems announced the Middle East debut of its FATS® 100e virtual training system will take place February 19-23 at IDEX 2017 in Abu Dhabi. Meggitt representatives will be available for demonstrations of the FATS 100e and other products at the show at booth 03-A22.

“The Middle East continues to be a key market for Meggitt and IDEX is the region’s premier defense exhibition,” said Frank Socolow, managing director, Middle East and North Africa. “The enhanced FATS 100e system and our local dedicated team represent a strong solution for customers.”

Introduced in late 2015, the FATS 100e system is a major expansion in weapons training capability, with 3D marksmanship, automatic coaching and VBS3-based collective training. The 3D marksmanship provides visually realistic and highly detailed terrains and targets, including weather, and ... Read more »

ROTTERDAM, Netherlands -Tuesday, January 24th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- An International coalition announced today that a lawsuit was filed in Dutch Court yesterday on behalf of institutional investors who suffered billions of dollars in losses in their investments in Petroleo Brasiliero SA (“Petrobras”). Seeking declaratory relief as a result of the alleged corruption of the company and its executives, the coalition represents investors who purchased Petrobras securities on the BM&FBOVESPA exchange in Brazil and other securities purchased via transactions outside of, and not covered by, litigation in the United States. The damaged investor group believes the Netherlands is the optimal jurisdiction for pursuing legal action, as this is where Petrobras Global Finance B.V. and several other Petrobras entities and divisions are domiciled. In addition, the Dutch legal system has an established global settlement precedent for international investors w ... Read more »

 Rules-based solution meets Margin Requirement obligations across the world 

DUBLIN -Wednesday, January 25th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Fenergo, the leading provider of Client Lifecycle Management solutions for investment, corporate and private banks, has today announced significant enhancements to its module for Margin Requirements for Non-Centrally Cleared OTC Derivatives.

Fenergo Margin Requirements is an advanced, rules-based compliance solution designed to help financial institutions meet the varying degrees of regulatory demands of Margin Requirements across the world. The solution combines rules, workflow processes and data requirements designed in partnership with the banking community.

Margin Requirements for Non-Centrally Cleared OTC Derivatives regulation aims to reduce systemic risk in the non-centrally cleared OTC derivatives markets by ensuring appropriate collateral is available to offset any losses caused b ... Read more »

LONDON-Wednesday, January 25th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- NOT FOR DISTRIBUTION IN THE UNITED STATES

Vedanta Resources plc (“Vedanta”, LSE:VED) today announced the pricing of the offering of bonds in the aggregate principal amount of US$ 1.0 billion of 6.375% Bonds due 2022 (the “Bonds”).

Vedanta intends to use the net proceeds from this offering primarily to fund its offer to purchase for cash any and all of its outstanding US$ 750,000,000 9.50% Bonds due 2018 (“2018 Bonds”) and US$ 1,200,000,000 6.00% Bonds due 2019 (“2019 Bonds”), and to repay its other existing indebtedness. Vedanta has received and accepted for purchase approximately US$ 370,868,000 of the 2018 Bonds and US$ 425,028,000 of the 2019 Bonds (excluding US$ 227,000 of the 2018 Bonds and US$ 200,000 of the 2019 Bonds that remain subject to the guaranteed delivery procedures).

With this transaction, Vedanta has pr ... Read more »

LONDON-Wednesday, January 25th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Vedanta Resources plc (the “Company”) (LSE:VED) today announced the expiration and results of its previously announced tender offers to purchase for cash (the “Tender Offers”) any and all of its outstanding US$ 750,000,000 9.50% Bonds due 2018 (the “2018 Bonds”) and US$ 1,200,000,000 6.00% Bonds due 2019 (the “2019 Bonds” and, together with the 2018 Bonds, the “Bonds”). The Tender Offers expired at 8:00 a.m. New York time, on 24 January 2017 (the “Expiration Time”). At the Expiration Time, valid tenders had been received with respect to approximately US$ 370,868,000 of the 2018 Bonds and US$ $425,028,000 of the 2019 Bonds. Additionally, US$ 227,000 of the 2018 Bonds and US$ 200,000 of the 2019 Bonds were tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Memorandum dated 16 January 2017 ... Read more »

Driving Company Growth and Customers' Digital Transformation Strategies Are Key Areas of Focus in EMEA

LONDON -Wednesday, January 25th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Hootsuite, the most widely used social media management platform, today announces Rob Coyne as General Manager for Europe, Middle East and Africa (EMEA). In this role he will be responsible for overall company performance, building on recent successes, and ensuring the continued growth of the business.

Rob joins Hootsuite after spending three years as Managing Director of leading digital marketing organisation Kenshoo. As part of his responsibilities, Rob grew Kenshoo's business and presence in London, Paris, Munich, Amsterdam and Stockholm. Prior to Kenshoo, he led sales teams for more than 10 years at business software companies Oracle and SAP, developing the businesses across EMEA. With his experience at Kenshoo, Rob has a strong background in social marketing ac ... Read more »

 Lyon, the founder of the DDoS defense industry, will aid Neustar in pioneering the future of cybersecurity and communications networking. 

STERLING, Va.-Wednesday, January 25th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Neustar, Inc. (NYSE: NSR), a trusted, neutral provider of real-time information services, today announced it has appointed Barrett Lyon as Head of Research and Development of Neustar Security Solutions, where he will drive product innovation. Lyon joins Neustar with unrivaled security expertise, having pioneered the DDoS mitigation industry when he founded Prolexic Technologies in 2003. Lyon bolsters an already impressive team with a record of innovation and entrepreneurship, led by General Manager Nicolai Bezsonoff, founder of domain name registry service provider .CO, and Rodney Joffe, founder of pioneering Internet security and infrastructure companies such as UltraDNS and Genuity, Inc.

“Barrett is clearly one of ... Read more »