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Sep 1, 2011

FORBES News, Sep 01, 2011


Marsh to Acquire Brokerage Business of Alexander Forbes
MarketWatch (press release)
Mr Erwee said: "By aligning the local strengths of Alexander Forbes with Marsh's global resources, we are bringing the world's best to Africa. Marsh Africa will provide a broader offering to our clients and ensure that we can provide them with the risk ...
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New Study: Some CEOs get more than Uncle Sam
Forbes
I also head up numerous lists and reports, including our annual Forbes Global 2000 rankings and the CEO Compensation Report. I joined Forbes as a data collector in the statistics department after graduating from Iona College, and have been running the ...
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The Real Value of Sears
Forbes
Global, blog about retail trends at Dealnews.com, and teach journalism at Columbia College Chicago. Follow me on Twitter: @lfheller The author is a Forbes contributor. The opinions expressed are those of the writer. Sears as a retailer, not a holding ...
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Ron Conway, Yuri Milner, Accel and Sequoia Jump To Invest In Chinese Incubator
Forbes
I'm a deputy editor at Forbes, where I cover venture capital and startups and produce Forbes' annual Midas List. Since joining Forbes, I've helped send a bad guy to jail, picked the world's most powerful people, covered a dispute between a drug company ...
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Uniqlo To Open Two New York Stores In October
Forbes
If you have story ideas or tips, email me at helliott@forbes.com. You can also follow me on Twitter: @HannahElliott Uniqlo has announced that it will open its largest and second-largest globalflagships in New York City this October. ...
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Five Thai firms on Forbes list
Bangkok Post
"Essentially these are our picks of the companies that have best managed through the economic volatility that began in 2008," said Tim Ferguson, editor of Forbes Asia. "Most navigated the globalcredit crunch with little to no debt on their balance ...
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What Solyndra's Bankruptcy Means For Silicon Valley Solar Startups
Forbes
I'm the environment editor at Forbes. Before joining Forbes in April 2011, I wrote about all things green and tech as a contributor to The New York Times, a senior editor at Fortune and an assistant managing editor at Business 2.0 magazine. ...
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The Secret Sauce Behind CNBC..How Does CNBC Stay On Top?
Forbes
I have become an active reporter with Forbes, The Wall Street Journal Market Watch, Fortune, Business Insider, USA Today, Christian Science Monitor, New York Daily News, Boston Globe and others. The author is a Forbes contributor. ...
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35 Indian cos in Forbes Asia's 'Best Under Billion'
Hindustan Times
The companies were also evaluated in terms of return on equity, said Forbes Asia. best managed through the economic volatility that began in 2008. Most navigated the global credit crunch with little to no debt on their balance sheets. ...
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AM SCRAMBLE: Full Tilt Pleads Its Case, Another RFG Quits, Epic Gets Getty
Bluff Magazine
Forbes' Nathan Verdi has a full breakdown here. In Tuesday's AM Scramble we told you about Royal Flush Girl and MAXIM Hometown Hottie Melanie Iglesias turning in her resignation. Well, late Tuesday night another one, ahem, followed suit. ...
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Christmas Cheer Forecast by Wal-Mart Supplier Li & Fung Spurs Stock Rally
Bloomberg
Fung last month founded the Fung Global Institute, a think tank with Nobel laureate Michael Spence overseeing its research agenda. He and his brother William Fung rank fifth on Forbes' Hong Kong rich list, with an estimated combined wealth of $8.6 ...
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The Most Cyberpunk Places in the USA
io9
And according to a Forbes profile, the home of Bill and Melinda Gates, worth well over $100 million, is a model of the smart homes of the future — and exactly the sort of place one of the more corporate, wealthy, wired protagonists in a cyberpunk ...
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LYONS: Budget crisis threatens defense
Washington Times
J. Randy Forbes, Virginia Republican and the committee chairman, “We're not good to go right now,” but he said the force has a good plan. With drastic budget cuts looming, I wonder just how good the plan is. The Navy is now doing the expensive, ...
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Washington Times
Tech Today: Oracle's Dealings in Africa Investigated
Wall Street Journal (blog)
[Los Angeles Times, Forbes] Sold for $180: A Wooden iPad: The Smoking Gun reports that a South Carolina woman was approached by two men in a McDonald's parking lot selling iPads. She offered $180 and soon became the proud owner of a piece of wood ...
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Numbers - Apple
FM.co.za
200m iOS devices (which run on Apple's mobile operating systems) have been sold to date. 44% of the smartphone market is covered by this system. 1bn songs have been sold via Apple's iTunes . $8,3bn is what Forbes estimates Jobs' personal fortune to be ...
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Cognizant to Present at Investor Conferences
PR Newswire (press release)
With over 50 delivery centers worldwide and approximately 118000 employees as of June 30, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing ...
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How Did Jim Crane Slip By?
The Biz of Baseball
But, if there's something that should give those watching the baseball industry thought, it's this: according to league sources, these aspects – part of the public record – were not fully brought to light until my investigation of Crane for Forbes. ...
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SRF, Polyplex, among 35 Indian cos in Forbes' 'best under a billion' list
NDTV.com
Tim Ferguson, the Editor of Forbes Asia, said: "Essentially, these are our picks of the companies that have best managed through the economic volatility that began in 2008. Most navigated theglobal credit crunch with little to no debt on their balance ...
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What women want in a car
iAfrica.com
Johannesburg's Lorraine Forbes has always opted for reliable brands, because of safety and efficiency, as “that's very important to me."Apart from that, I love soul in a car: the interior has to appeal to my senses, yet practicality must be in the mix, ...
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Queen Rania celebrates birthday with continued focus on educating children as ...
Petra News Agency
... Morgan Global Humanitarian Award given by The Tech Museum as part of its international program, The Tech Awards. Her Majesty Queen Rania was also honored as one of Glamour Magazine's Women of the year, and received the 53rd ranking inForbes' power ...
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Petra News Agency
Century Iron Mines Corporation announces execution of joint venture agreement ...
DigitalJournal.com (press release)
WISCO Group is 340th in the list of Forbes Global 500 and is the third largest steel producer in China. The WISCO Group is one of the "big three" Chinese state-owned integrated iron and steel groups. In 2010, the WISCO Group had an annual output of 36 ...
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Chinese tycoon says no politics behind Iceland project
Khaleej Times
Listed 161 st on the Forbes list of the richest Chinese in 2010, Huang worked for the Chinese Communist Party's Propaganda Department and the Ministry of Construction in the 1980s and early 1990s. This part of his resume have made some uneasy about his ...
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Prakash Karat's 4-point fix for corruption
Firstpost
This is a country, where according to Forbes, rich people are growing at the rate of 22 percent, the highest in the world. A law isn't enough. People will find ways to bend it. While Anna deserves congratulations for his battle, the real war is the ...
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Firstpost
Fed officials debate to revitalize recovery
Press TV
Forbes The US economy grew at a rate of 0.4% in the first three months of the year. Bea.gov Some economists worry that the modest initial spending cuts in the August debt deal in Congress will only worsen the slow economic growth. ...
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Press TV
Quotes from Global Voices Online - News, photos, topics, and quotes
Marcus Garvey has joined the ancestors. So this plea for…exoneration is for us to show our magnanimity and gratitude. By honoring Marcus Garvey, we honor ...
billionaires.forbes.com/quote/08z53AP0m9133?q=Michael...

Surrender the Heart (Surrender to Destiny)Alexander Dictionary of English Idioms: English-FrenchAlexander Dictionary of English Idioms: English-SwedishUnder the SunStealing Jake
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BLOOMBERG News, Sep 01, 2011

Washington Post
1 (Bloomberg) -- Wong Sui Jau, general manager of Fundsupermart, the online division of IFAST Financial Pte, talks about Manchester United's planned initial public offering in Singapore. Analysts and fans say the sale of as much as 30 percent of the ...
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REUTERS News, Sep 01, 2011

GLOBAL MARKETS-World stocks fall as Europe data looks weak
Reuters
The index is down 6 percent on the year, however, and global stocks in August fell more than 7.5 percent, their biggest monthly decline since May 2010. Investors entered the month in one of the most bearish moods in recent times. Reuters asset ...
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Investors slash equities in August melt: Reuters poll
Reuters
By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) - Globalinvestors slashed their holdings of equities below 50 percent this month and piled into cash, reflecting what was lining up to be the worst August for world stocks since 1998. ...
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Reuters
REFILE-UPDATE 1-Asia lifts Pernod's annual profits
Reuters
PARIS, Sept 1 (Reuters) - French spirits group Pernod Ricard posted higher annual profits, meeting consensus expectations, underpinned by solid Asian market growth, and vowed to further reduce its debt. The world's second-largest spirits group after ...
See all stories on this topic » Singapore GLP, Canada Pension Plan form Japan JV
Reuters
SINGAPORE/TOKYO, Sept 1 (Reuters) - Singapore's Global Logistic Properties said on Thursday that it has formed a joint venture with Canada Pension Plan Investment Board to develop logistics facilities in Japan, as it looks to tap increasing demand in ...
See all stories on this topic » Global partners monitor US F-35 program: Lockheed
WHTC
ATLANTA (Reuters) - Lockheed Martin Corp's F-35 fighter jet has firm support from its internationalpartners, but they are keeping a close eye on changes the government might make to the program, a company executive said on Wednesday. ...
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"Act now" to save global recovery, IMF chief urges - Yahoo! News
Read '"Act now" to save global recovery, IMF chief urges' on Yahoo! News. JACKSON HOLE, Wyo (Reuters) - The new head of the IMF on Saturday called on ...
news.yahoo.com/urgent-action-needed-protect-recovery-imf-c...
GLOBAL MARKETS-Asia stocks rise, helped by consumer, tech
Reuters
By Richard Pullin MELBOURNE, Sept 1 (Reuters) - Asian stocks rose on Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism central banks around the world will have to do ...
See all stories on this topic » UPDATE 1-Rio Tinto: world needs 800 mln more tonnes of iron ore in next 8 yrs
Reuters
PERTH, Sept 1 (Reuters) - The world needs at least 100 million tonnes of additional iron ore supply each year for the next eight years to meet demand growth projections in steel making, miner Rio Tinto said on Thursday. At that rate, global iron ore ...
See all stories on this topic » Brazil slashes interest rates on global worries
Reuters
By Raymond Colitt and Isabel Versiani BRASILIA, Aug 31 (Reuters) - Brazil's central bank slashed its key interest rate to 12 percent from 12.5 percent on Wednesday in a shock decision that it said reflects a mounting global slowdown as well as weaker ...
See all stories on this topic » Singapore GLP, Canada Pension Plan form Japan JV
Reuters
SINGAPORE/TOKYO, Sept 1 (Reuters) - Singapore's Global Logistic Properties said on Thursday that it has formed a joint venture with Canada Pension Plan Investment Board to develop logistics facilities in Japan, as it looks to tap increasing demand in ...
See all stories on this topic » Thomson Reuters Adds New Patent Authorities to Derwent World Patents Index
InfoToday.com
The IP Solutions business of Thomson Reuters announced that its Derwent World Patents Index (DWPI) database has expanded global coverage to include patent records from the patent issuing authorities of Poland, Hong Kong, and the Gulf Cooperation ...
See all stories on this topic » Philippines - Market factors to watch - Sept 1
Reuters Africa
MANILA, Sept 1 (Reuters) - Here are news stories and press reports which may influence local financial markets on Thursday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - Joint press conference of the Bureau of Internal Revenue and Department of Justice ...
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Analysis: Lagarde shows independence from Europe as IMF chief
Reuters
By Lesley Wroughton WASHINGTON (Reuters) - New IMF chief Christine Lagarde's call to recapitalize European banks by force struck a nerve among the continent's Europe's policymakers and showed she is not afraid to challenge her former peers as many ...
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Reuters
FEATURE-'Land grabs' mar Cambodia's boom, rattle investors
Reuters
International donors and lenders such as the World Bank have criticised the government and threatened to halt loans until a solution is found. The government's response has been to cancel its annual meeting with donors, citing global economic ...
See all stories on this topic » China shares lower, beaten down cyclicals lead HK gains
Reuters
By Clement Tan and Vikram Subhedar HONG KONG, Sept 1 (Reuters) - Hong Kong shares gained on Thursday, led by beaten-down cyclicals, but retreated from their intraday high after hitting a key resistance level that is expected to cap the recovery from ...
See all stories on this topic » China Premier: Inflation top task for Beijing
Reuters India
BEIJING (Reuters) - China Premier Wen Jiabao signalled on Thursday that controlling inflation will remain a top priority in coming months even as the world economy wobbles. Although imported inflation is expected to remain elevated, Wen said the global ...
See all stories on this topic » Prospects darken for Irish economy
Reuters
By Carmel Crimmins and Conor Humphries DUBLIN (Reuters) - Ireland's prospects for fully emerging from one of the industrialized world's worst recessions darkened on Wednesday after data on unemployment, credit flows and arrears pointed to an even ...
See all stories on this topic » CANADA FX DEBT-C$ little changed by weak GDP; await US payrolls
Reuters
By Andrea Hopkins TORONTO, Aug 31 (Reuters) - The Canadian dollar ended the day slightly softer against the greenback on Wednesday as unexpectedly weak domestic GDP data was offset by some strength in the details and a rise in global stock markets. ...
See all stories on this topic » FTSE rallies, but August worst month in 2-1/2yrs
Reuters
Analysts at Exane BNP Paribas became the latest to cut their world GDP forecasts, reducingglobal growth estimates to just 3.8 percent for 2011 and 3.7 percent for 2012. The troubling data and downgrades are concerning policymakers and the minutes ...
See all stories on this topic » Flowserve Receives Contract for Singapore Desalination Plant
Reuters (press release)
31, 2011 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced a contract from Hyflux Ltd. to provide energy recovery devices for the Tuaspring Desalination ...
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Beware the anti-knowledge Republicans
Sydney Morning Herald
Photo: Reuters/Jim Young Jon Huntsman Jr., a former Utah governor and ambassador to China, isn't a serious contender for the Republican presidential nomination. And that's too bad, because Huntsman has been willing to say the unsayable about the GOP ...
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Sydney Morning Herald
* Collahuasi sees output stabilizing around 600000 T
Reuters
Collahuasi, the world's No.3 copper mine and jointly owned by global miners Xstrata (XTA.L) and Anglo American (AAL.L),, produced 504000 tonnes of copper in 2010, when output was hit by a month-long strike. The mine accounts for around 3 percent of ...
See all stories on this topic » Global miners seen keeping iron ore prices steady in Q4
Reuters Africa
By Manolo Serapio Jr MANILA, Sept 1 (Reuters) - Global miners will likely keep iron ore contract prices mostly steady in the fourth quarter, with spot prices stabilising on firm Chinese demand and tight supplies, Reuters calculations showed. ...
See all stories on this topic » Europe shares suffer biggest monthly fall since Lehman
Reuters
The latest Reuters monthly asset allocation poll showed cash holdings in Europe leapt to 10.4 percent in August from 6.8 percent last month , while asset managers sharply cut equity holdings. "Economic growth is slowing down, with scant hopes of ...
See all stories on this topic » Key political risks to watch in India
Reuters India
The cost of insuring against default on 5-year sovereign debt rose in August, along with debt markets elsewhere in the world, as fears of a global recession grew. Social activist Anna Hazare went on hunger strike from Aug. 16 for almost two weeks to ...
See all stories on this topic » Citigroup hires Kuo for Asia global banking role
Reuters
HONG KONG Aug 31 (Reuters) - Citigroup Inc said on Wednesday that it has hired Gary Kuo as vice-chairman of Asia global banking, as it looks to expand in one of the world's biggest markets for equity offerings and mergers and acquisitions. ...
See all stories on this topic » TREASURIES-Bonds fall but set for best month since late 2008
Reuters
Treasuries are poised for their best month since late 2008, at the height of the global credit crunch, when investors flocked to government debt to shelter their money. Recent safe-haven demand for bonds pushed benchmark yields to their lowest levels ...
See all stories on this topic » Libya's money on minds of world leaders
Toronto Sun
(REUTERS FILES/Ben Nelms) Money makes the world go 'round, and it will make up a big part of the talk at a global summit on Libya in Paris. Prime Minister Stephen Harper will represent Canada at a meeting of world leaders Thursday in the historic ...
See all stories on this topic » Top economies saw trade growth dwindle in Q2-OECD
Reuters Africa
PARIS Aug 31 (Reuters) - A sharp slowdown in merchandise trade growth hit major worldeconomies in the second quarter of 2011, affecting both imports and exports, the Organization for Economic Cooperation and Development said on Wednesday. ...
See all stories on this topic » SE Asia Stocks-Rally in weak month; S'pore jumps 3.3 pct
Reuters
For Vietnam's stock report, see For the month, Indonesia lost 7 percent, its biggest in seven months, with $990 million in outflows of global capital, while Thailand fell 5.6 percent, with $1.4 billion in outflows, according to Thomson Reuters data. ...
See all stories on this topic » For expat Africans, patriotism may pay
Reuters
"Global interest rates are the benchmark and you add a little premium. This is how you can assist your country, and the rate will be better than you can get in the developed world. Rather than put your money in a savings account, put it in a diaspora ...
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Surrender the Heart (Surrender to Destiny)Alexander Dictionary of English Idioms: English-FrenchAlexander Dictionary of English Idioms: English-SwedishUnder the SunStealing Jake
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Monthly Roundup - August 2011, Sep 01, 2011


Very high magnification micrograph of nodular ...Image via Wikipedia



TWO TARGETED THERAPIES APPROVED: XALKORI AND ZELBORAF FOR AGGRESSIVE CANCERS

Two advanced cancer treatments with accompanying diagnostic genetic tests have been approved this month. Xalkori (crizotinib), with the Vysis ALK Break Apart FISH Probe Kit wasapproved to treat advanced or metastatic, non-small cell lung cancers (NSCLC) that express the abnormal anaplastic lymphoma kinase (ALK) gene. Xalkori response rates have ranged from 50-61% with median response durations of 42-48 weeks. Zelboraf (vemurafenib) was also approvedto treat BRAF V600E mutation-positive, inoperable or metastatic melanoma. Zelboraf’s companion diagnostic test is the cobas 4800 BRAF V600 Mutation Test. In the most recent clinical trials, the median overall survival with Zelboraf had not been reached, and 77% of patients were still living. Research into molecular targeted therapies, such as Xalkori and Zelboraf, are an increasing trend in oncology research.

FDA Approves Firazyr (icatibant) for Acute Attacks of Hereditary Angioedema

Firazyr (icatibant), a selective B2 bradykinin receptor antagonist, has been FDA-approved foracute hereditary angioedema (HAE), a rare, genetic disorder. HAE can cause unpredictable and potentially life-threatening swelling of the face, airways, and intestinal tract. Laryngeal attacks can be fatal due to closure of the airways and possible suffocation. Acute attacks of hereditary angioedema (HAE) often require a patient to travel to the hospital or clinic for treatment. Firazyr is available in a pre-filled syringe; patients can carry their treatment without refrigeration and inject the medicine themselves. Self-injection may require patient training, but will allow more freedom in work, school, and family life and avoid abrupt trips for treatment.

Adcetris Approved For Lymphoma Treatment After Accelerated FDA Review

A new treatment for Hodgkin lymphoma has not been approved in over three decades. But this month the FDA approved Adcetris (brentuximab vedotin), an antibody-drug conjugate (ADC) for the treatment of relapsed or refractory Hodgkin lymphoma (HL) and systemic anaplastic large cell lymphoma (ALCL). The attached antibody targets the drug to the CD30 site on lymphoma cells found in both HL and ALCL. In HL (n=102) and ALCL (n=58), 73% and 86% of patients, respectively, had a partial or complete response to Adcetris treatment. The FDA accelerated approval program can speed access to new drugs for serious illnesses.

Propel Medical Device Approved: Sinus Implant Releases Anti-inflammatory Drug

Chances are that you have had acute sinusitis that may occur after a bad cold. Symptoms may include nasal swelling and difficult breathing, cough, headache, pain behind the eyes, and loss of smell. For most patients, these symptoms will usually resolve over a period of 10 days. However, some patients develop chronic sinusitis, lasting longer than 8 to 12 weeks, and possibly recurring. A new medical device has been FDA-approved that, when inserted after endoscopic sinus surgery, locally delivers the anti-inflammatory mometasone to sinus tissue to help reduce scarring, and possibly the need for additional surgery. Propel, manufactured by Intersect ENT, Inc. will launch this fall.

New Once-A-Day HIV Treatment: Complera Wins Approval for Treatment-Naive Patients

Multiple daily doses of HIV medication can be inconvenient and may encourage noncompliance, which can lead to drug resistance. Complera, a once-a-day combination treatment has gainedFDA approval for use in HIV patients who have never received any prior HIV treatment (treatment-naive patients). Complera is composed of Gilead’s Truvada (emtricitabine/tenofovir) with Johnson and Johnson’s Edurant (rilpivirine). Complera is the second once-daily medication to be approved for treatment-naive HIV patients, after Atripla (efavirenz/emtricitabine/tenofovir). Gilead’s 4-drug combo, known as the Quad, is expected to be submitted for FDA approval in Q1 of 2012.

First Antidote Approved by the FDA to Treat Venomous Scorpion Stings

Arachnophobia? Join the crowd. But the FDA has approved a treatment that might help lessen our fears. Anascorp, the first antivenom specifically for the painful sting of the Centruroides scorpion (bark scorpion), the most common type of scorpion in the US, has been approved. In the US, venomous scorpions are mainly found in Arizona. The severe stings can be life-threatening, especially in infants and small children, and often require an ICU stay. One clinical trial in 15 children with Anascorp was impressive, with all 8 children who received the antidote gaining relief from neurological signs of the stings within 4 hours. Only 1 in 7 children who received placebo had similar relief. In total, more than 1500 patients were evaluated in Anascorp studies.
Posted: August 2011

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