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Written By Unknown on Sabtu, 11 Oktober 2014 | 12.33

Kmart hit by data breach

Retailer Sears Holdings Corp. said the payment data systems at its Kmart stores had been compromised, the latest in a series of computer security breaches to hit U.S. companies in recent months.

The U.S. Secret Service confirmed it was investigating the breach, which occurred in September and compromised the systems of Kmart, which has about 1,200 stores across the United States. The breach did not affect the Sears department store chain.

Sears said it believes hackers made off with some credit and debit card numbers.

More e-cig regs eyed on planes

Federal regulators should consider further regulations on electronic cigarettes on airplanes, the state's top fire official said after his office recently concluded one of the devices caused a small fire on a plane at Logan International Airport.

The Aug. 9 fire, confined to a single piece of luggage in the cargo hold, forced an evacuation of the plane. It was extinguished before the JetBlue aircraft took off. State Fire Marshal Stephen Coan said his office's investigators confirmed that an e-cigarette in a passenger's checked luggage turned on, causing the fire.

Coan sent a letter to the FAA this week about the incident, and U.S. Sen. Edward Markey said he'll ask the FAA to investigate whether e-cigarettes should be allowed on airplanes at all.

Corcoran Jennison files hotel plan

Corcoran Jennison Co. has filed a project notification form with the city to expand the DoubleTree Club by Hilton hotel in Dorchester's Columbia Point.

The Boston developer proposed a six-story, 89,500-square-foot addition that would include 96 new rooms for a total of 187 rooms, an expanded ground-floor restaurant, kitchen and back-of-house space, function rooms and a ballroom.

The addition would take the place of a parking lot on the northeast side of the Mount Vernon Street hotel, which is next to the former 20-acre Bayside Exposition Center site that Corcoran Jennison lost to foreclosure in 2009 and is now owned by the University of Massachusetts-Boston.

Raytheon, UMass Lowell open center

Raytheon and the University of Massachusetts Lowell yesterday officially opened a new collaborative research facility that will advance innovative technologies in a state-of-the-art setting.

The Raytheon-UMass Lowell Research Institute is located at the university's Mark and Elisia Saab Emerging Technologies and Innovation Center. Raytheon has committed $3 million with options to $5 million throughout the next 10 years to establish the facility. Initial research will focus on technologies for radar and communication systems.

Boston-based Phoodeez catering services has hired three new employees: Ian Danielson as director of business development, Brian Vicente as director of operations, and Tyler Smith as part of the business development team.


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Artists for Humanity to be big draw

A South Boston nonprofit that pays Hub teens to work with professional artists and designers is planning a major expansion of its flagship facility that's a model for economical green building.

The Artists for Humanity EpiCenter would nearly quadruple in size under an approximately $25 million, 63,500-square-foot expansion that would create an "energy-positive" building.

"We'll create more energy than we'll use, using a lot of solar and geothermal and some wind and really illustrating some of the great and progressive technologies that are out there," executive and artistic director Susan Rodgerson said. "It's a big challenge, but I think we can do it."

There currently are no such buildings on the East Coast that are 50,000 square feet or larger, according to the organization.

The expansion would allow the 23-year-old Artists for Humanity — which counts itself as the largest single employer of Boston teens — to double the number of youths served. This year 250 teens are working with artists to create fine art, industrial design and provide digital graphic services.

"The need to create jobs for teens is really important," Rodgerson said. "And the fact that there will be this space in the Innovation District providing access to technology and maker space and innovation … is really important for the kids in the city who don't really have access to that kind of stuff."

The teens, who work on projects ranging from a video for National Grid to public art for State Street Corp., are paid wages plus commissions. Last year they received close to $1 million.

The expansion also would add a "maker's studio," new gallery, meeting and conference space, a retail store and a cafe in addition to 25,000 square feet of leasable space for creative industry tenants.

Artists for Humanity plans a capital campaign to raise funds for the expansion, which will take advantage of a 9,000-square-foot parking lot donated by Gillette last year. It already has received some funding commitments, which Rodgerson declined to divulge.

The group moved into the 23,500-square-foot EpiCenter, built at a cost of $7 million, in 2004.

The Platinum Leadership in Energy and Environmental Design (LEED)-certified facility has become a popular place for weddings and other events.

"It was built on a budget, and we've become a really popular place for folks to come and see sustainability at a value," Rodgerson said.


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Asian stocks sink after Wall Street plunge

Written By Unknown on Jumat, 10 Oktober 2014 | 12.33

BANGKOK — Asian stocks sank Friday after Wall Street suffered its worst day of the year and weak German trade data fueled worry Europe is sliding into recession.

KEEPING SCORE: Tokyo's Nikkei 225 index plunged 1.3 percent to 15,286.25 points and Hong Kong's Hang Seng lost 1.6 percent to 23,144.81. China's Shanghai Composite Index shed 0.6 percent to 2,375.28. Seoul fell 1.3 percent and Sydney and Singapore also declined.

WALL STREET: Volatility returned to U.S. markets as stocks had their worst day of the year just 24 hours after recording their best. Prices fell after members of the Federal Reserve board expressed concern about inflation, tempering suggestions in minutes of a recent Fed meeting released Wednesday that suggested interest rates would not be raised for now. The Dow Jones industrial average and Nasdaq composite both lost 2 percent and the broader Standard & Poor's 500 fell 2.1 percent.

EUROPE: Concerns Europe is headed for recession rose after Germany, the continent's biggest economy, reported its weakest year-on-year export growth in five years. The president of the European Central Bank, Mario Draghi, gave no indication of any further monetary stimulus, suggesting in a speech in Washington that governments need to do more on the fiscal side.

ANALYST'S TAKE: "Markets are markets are rather unimpressed with the state of global growth (EZ in the most unflattering state) and equally unimpressed with potential policy response," said Mizuho Bank in a report.

HONG KONG: The government called off talks with pro-democracy protesters, possibly extending demonstrations that have blocked streets for almost two weeks. The protesters want a bigger public voice in the selection of the territory's next leader in 2017. The impact on this Asian financial center's economy has been limited but analysts warn it could rise if protests erode its appeal to foreign companies and investors.

ENERGY: Benchmark U.S. crude plunged $2to $83.77 per barrel on concerns slowing global economic growth will reduce demand while production stays high. The contract lost $1.56 on Thursday to $85.77. Brent crude, used to price international oils, lost $2.08 to $88.29.

CURRENCY: The dollar declined to 107.78 yen from Thursday's 107.87. The euro held steady at $1.27.


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Ex-wife of Glock founder sues him over millions

ATLANTA — After working decades to build a wildly successful firearms company, Gaston Glock conspired with associates to push out his ex-wife and business partner of almost 50 years and steal millions of dollars she was entitled to, according to a lawsuit filed Thursday in federal court in Atlanta.

They participated in a worldwide racketeering scheme over decades aimed at taking money from Helga Glock, who was divorced from her husband in 2011, through various criminal methods, including improper royalty payments, laundering money through fraudulent billing companies, and sham lease and loan agreements, the lawsuit claims.

A woman who answered the phone Thursday in the media relations department at Glock Inc., the company's U.S. headquarters, referred questions to the company's lawyer but then hung up before giving a name or contact number. She did not answer when called back and did not immediately respond to a voice message.

Several lawyers who have previously represented Glock Inc. in legal disputes did not immediately respond to emails seeking comment.

The lawsuit details what it claims are the exploits of a man who regularly engaged in unscrupulous business practices and kept a stash of "fun money" used to "cavort with women around the world," going so far as to buy homes for some mistresses in the Atlanta area.

Glock's actions toward his family "resemble the senseless and self-destructive rage of Shakespeare's King Lear, when he foolishly mistreats a loyal but candid daughter, Cordelia, in favor of cunning and ruthless flatterers," the lawsuit says. "Perhaps neither pathology nor psychology can provide a satisfactory explanation for why an aging billionaire would spend his twilight years seeking to terrorize members of his own family."

Other defendants include companies owned by Glock around the world and several former Glock executives.

Helga Glock's lawsuit asks for a jury trial and seeks potential total damages of approximately $500 million, as well as attorney fees. She also asks a judge to remove Gaston Glock and others from their roles in the company, reorganize the companies owned by Glock and restore a larger ownership interest for Helga Glock.

Helga and Gaston Glock met in 1958 and married in 1962. They started a company in 1963 that eventually became a gun manufacturer called Glock Ges.m.b.H. in 1983, according to the lawsuit. Gaston Glock established a U.S. subsidiary of the company in Smyrna, just outside Atlanta, in 1985.

Glock's pistols quickly became popular among law enforcement officers and civilians alike, and the U.S. subsidiary became a main economic engine for the company, the lawsuit says.

Gaston Glock and his associates had complete disregard for any form of corporate structure and set up a network of sham companies in locations that included Bermuda, Curacao, Hong Kong, Ireland, Liberia, Luxembourg and Panama, the lawsuit says. They transferred money out of Glock Inc., and into shell companies he owned or controlled to hide the origins of the money, the lawsuit says.

Gaston Glock avoided questions from his wife and business partner using intimidation and demanding trust, telling her it would be better if she wasn't involved in their finances, the lawsuit says. She trusted and relied on him.

"While Glock Sr. had been promising his wife that all of his efforts were directed at building up the Company, and preserving it for the family's future, he and his associates had instead been systematically stealing from, and laundering the proceeds through separately-owned business entities and bank accounts," the lawsuit says.

Until 1999, Gaston Glock owned 85 percent of the shares of the Austrian parent company and Helga Glock owned 15 percent.

Gaston Glock and his associates created foundations and convinced Helga Glock and their children to contribute their assets and waive inheritance rights, ostensibly to benefit them and protect the family's control of the company, the lawsuit says. Helga Glock was left with a 1 percent interest in the company, and Gaston Glock had complete control of the trusts, the lawsuit says.

After they divorced, Gaston Glock removed his wife and three adult children as beneficiaries of the foundations and said they and their descendants could not have any further association with the company, the lawsuit says. Shortly after the divorce, Gaston Glock married a woman roughly 50 years his junior.

Thursday's lawsuit is not the first time Helga Glock has turned to this U.S. federal court in a dispute with her ex-husband. In March 2013, she asked the court to help her get financial records for Glock's American companies so she could use them in the couple's divorce proceedings in Austria to establish marital assets and the amount he should pay her in support. The judge in that case granted her request for subpoenas.

Lawyers for the company have responded in court filings that there's no basis for the federal court to compel the company's U.S. entities to turn over the financial documents because Helga Glock can't use any of them in the Austrian proceedings.


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TD garden goes gourmet

Written By Unknown on Kamis, 09 Oktober 2014 | 12.32

The TD Garden showed off the first phase of its
$70 million renovation yesterday — including digital screens that show fans' tweets and fancier food options such as a surf and turf burger — hours before the Bruins took to the ice for their home opener.

Construction crews renovated the fourth floor loge concourse over the summer, giving it a completely new look along with new technology and concession stands.

"(The fans) are going to love it," said Amy Latimer, president of TD Garden. "It's clean, it's bright ... they're going to have a great time."

The walls now boast pictures from notable events at the Garden, everything from ice skating championships to the Beatles' 1964 concert.

The concourse also has more than 200 digital screens for a flashier fan experience, including a video board that shows fans' tweets and live shots from the game and four 92-inch touch screens that can direct fans to their seats or the closest concession stand.

"Instead of waiting until we get outdated, we decided to be ahead of the curve," Latimer said.

More than 400 Wi-Fi antennas have been installed throughout the Garden, including some in the hockey boards, so fans at ice-level don't miss out on Tweeting or Snapchat.

Legends, the Garden's season ticket holder club, also has undergone a makeover, with a new raw bar, pizza oven and digital Celtics and Bruins banners that appear to blow in the wind. The original yellow Boston Garden sign is mounted on the wall and incorporated into the new design.

Eight of the 16 concession stands on the loge level also have been redesigned from top to bottom, with new menus and new kitchen equipment. Latimer said there has not been an arena-wide equipment upgrade in 20 years.

Patrick Kilduff, the Garden's executive chef, said the new concession stands are designed so fans can see their food being cooked.

"You can see the products being made in front of your eyes," he said. "It doesn't just come out of a drawer."

Starting yesterday, fans can get a "surf & turf double" burger — one beef patty and one crab and lobster patty — or pick something out from the mac and cheese bar.

"We're trying to get that ultra premium product to the guests," Kilduff said.

Of course, ultra-premium concessions come with a price tag — that surf and turf burger costs a cool $22. The Garden says the price of concession stand basics, such as hot dogs and pretzels, will not rise.

Said Latimer: "I think we've covered any taste for any person."


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Activist shareholder demands EMC act to boost stock price

An activist shareholder has made public its calls for data storage giant EMC Corp. to spin off its VMware virtualization software unit or pursue merger opportunities with other companies.

New York's Elliott Management Corp., which has a 2.2 percent EMC stake, said EMC's structure of four independently run companies "obscures" its "enormous value" and won't be viable when Joe Tucci — EMC's CEO since 2001 — retires in February, according to a letter signed by Elliott portfolio manager Jesse Cohn sent to EMC's board yesterday.

"EMC's stock price has under-performed its ... peers and the market ... while this structure has been in place," Cohn said. EMC bought VMware in 2004, and they are now "competing against one another, confusing customers, employees, Street analysts and shareholders," he said.

Since Elliott's July announcement of its EMC stake, it has "learned of acquisition interest in EMC's assets on the part of several large companies that make strategic sense," the letter said.

EMC has held advanced talks to sell to Hewlett-Packard and failed to reach a deal, primarily on price, Bloomberg News reported.

EMC said its board "regularly reviews and rigorously evaluates the company's strategy" to enhance shareholder value.

"Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," it said.

Herald wire services contributed to this report.


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New Pru tower to be greenest in city

Written By Unknown on Rabu, 08 Oktober 2014 | 12.32

Boston Properties is in talks with two potential tenants to take the top floors of its $275 million, 17-story, 888 Boylston St. building under way in the Back Bay.

"We're well into discussions and negotiations," confirmed Bryan Koop, senior vice president and regional manager of the real estate investment trust's Hub office.

Koop confirmed the company is targeting boutique financial, private equity, hedge fund and investment management firms.

Boston Properties and signed anchor tenant Natixis Global Asset Management will formally mark construction of the building with a groundbreaking today. It's the Back Bay's first speculative office building since Boston Properties finished 111 Huntington Ave. in 2001 in the same Prudential Center complex.

In addition to 365,000 square feet of office space, 60,000 to 80,000 square feet of retail space could accommodate three to four retailers. "We've got really, really exciting retailers in discussion and close to agreement," Koop said.

Boston Properties' goal with 888 Boylston — city-approved in 2008, but delayed by the economic downturn — is to build Boston's most sustainable office building. It is designed to consume 45 percent less energy and 37 percent less potable water than a typical office building of its size. It will produce energy on site through an 85 kW solar array and 14 wind turbines.

"Everything about the building is designed first and foremost for the 'lives inside of the building,'" Koop said, noting the natural light will allow tenants to turn off their lights 
60 percent of the time.


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Bruins’ practice rink striking glass

The Boston Bruins' new practice facility at New Balance's Boston Landing project complements the high-glass design of the athletic footwear company's adjacent headquarters, according to preliminary renderings filed with the city.

The rink's glass facade will allow travelers along the Massachusetts Turnpike, which it fronts, to see into the Brighton practice facility for peeks of its stands and ceiling banners.

The preliminary designs by Boston's Elkus Manfredi Architects show the NHL team's trademark spoked B logo figuring prominently on the building's exterior.

The rink, which will include about 650 seats, concessions and Bruins locker room and training space, is set for completion in 2016.

— DONNA GOODISON


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US health providers expand their Ebola precautions

Written By Unknown on Selasa, 07 Oktober 2014 | 12.32

NEW YORK — Public hospitals in New York City are concerned enough about Ebola that they've secretly been sending actors with mock symptoms into emergency rooms to test how good the triage staff is at identifying and isolating possible cases.

A small hospital in the Ohio countryside has hung up signs, imploring patients to let nurses know immediately if they have traveled recently to West Africa.

And across the U.S., one of the nation's largest ambulance companies has put together step-by-step instructions on how to wrap the interior of a rig with plastic sheeting while transporting a patient.

Ebola has yet to infect a single person on U.S. soil — the one confirmed case here involves a man who contracted the virus overseas. But health care providers are worried enough that they are taking a wide variety of precautions.

It isn't yet clear whether those preparations are overkill, or not nearly enough. But medical officials and health experts say that, at the very least, the scare is giving them a chance to reinforce and test infection control procedures.

"The attention has been, in a sad way, very helpful," said Dr. Richard Wenzel, an epidemiologist at Virginia Commonwealth University and a former president of the International Society for Infectious Diseases.

He said even small hospitals far from hubs of international travel should be reviewing their protocols and screening questions now, and potentially buying protective equipment such as face masks and protective suits, to avoid a repeat of the problems that occurred at a hospital in Dallas, where a man with Ebola was sent home — only to be readmitted two days later.

"The debacle in Texas should stimulate improved awareness and responses," Wenzel said.

Hospitals around the country are already getting ample opportunities to test their infection control procedures due to a growing number of false alarms.

In New York, 24 patients have been put into isolation over the past eight weeks in city-owned hospitals because of fears they might have Ebola, according to Dr. Ross Wilson, the chief medical officer at the New York City Health and Hospitals Corporation.

None had the disease (some patients had malaria and one had typhoid), but Wilson said the point has been to isolate possible cases quickly so there is no chance for the virus to spread.

"We're taking this very seriously," he said.

Some staff has been retrained on how to properly put on and remove protective gear. At the city's flagship public hospital, Bellevue Hospital Center, technicians are assembling a lab that will exclusively handle Ebola blood tests so that samples won't contaminate equipment in other parts of the hospital. A small number of beds have been set up in an isolation ward for taking confirmed cases. So far, nobody has had to use it.

City 911 operators have been told to ask certain people calling for an ambulance whether they've been to West Africa recently.

That question is also becoming the norm at AMR, which operates private ambulances in 40 states. It has told its staff of 19,000 paramedics and EMTs that patients with certain symptoms should be asked about travel to certain parts of Africa. If they answer yes, emergency service workers are supposed to don extra protective gear, including shoe coverings, a mask and goggles, and alert health authorities that the patient might have Ebola.

"We don't want to respond with a presumption that everyone in the field has Ebola," said Dr. Ed Racht, AMR's chief medical officer. But he said extra precautions are warranted.

"The idea is, if the travel question is positive with the symptoms, it gives us a yellow flag ... It doesn't mean immediately putting on the space suits."

That said, the company has also put together a guide for transporting patients who have tested positive for the virus. It includes step-by-step instructions on how to use plastic sheeting, garbage bags and duct tape to protect the ambulance and the driver from contaminants.

Step No. 2: "Place sheeting on the floor of the rig and affix to bench seat, jump seat and walls to create a bowl affect in an effort to channel any body fluids toward the center of the floor causing fluids to collect in one area."

A more commonplace precaution has popped up at the Mercer County Community Hospital in Coldwater, Ohio, a village of 4,400 people near the Indiana state boarder. Nicole Pleiman, an infection prevention and control nurse, said the hospital posted signs at entrances about a month ago telling patients to notify the staff immediately if they've traveled recently to African countries hit by the outbreak. Other hospital protocols are under review, she said.

"We will definitely revisit that to see if we need to do anything additional," she said.

Three major hospitals in Dallas have established isolation units and consulted with staff members about how to handle the next Ebola patient, if one arises.

With eight children sent home from school because they had direct contact with the lone confirmed Ebola victim, Children's Memorial Hospital in northwest Dallas is preparing to treat any pediatric Ebola patients.

Doctors at the other two facilities, Parkland Memorial Hospital and Baylor University Medical Center, have identified doctors and nurses ready to treat any Ebola patient. As has become commonplace nationwide, the Dallas hospitals are screening incoming patients to see if they've traveled to West Africa within the last three weeks.

Officials at the U.S. Centers for Disease Control, while urging providers to be prepared, also have repeatedly said that they don't believe the country is likely to see the type of outbreak that has killed thousands of people in Liberia, Sierra Leone and Guinea.

Mortality rates are likely to be much lower in the U.S., due to more sophisticated care, experts say. Ebola also isn't nearly as contagious as illnesses such as the flu, which can be spread through the air, or HIV, which can be transmitted by people who have no symptoms.

Still, there is concern in some quarters that not enough is being done.

National Nurses United, a union that says it represents about 185,000 nurses nationwide, has been distributing a survey on Ebola preparedness to its members. Union spokesman Charles Idelson said many respondents have said they don't feel nurses at their hospital have gotten enough training about how to handle a patient who might have the virus.

Many of the nurses said they weren't even aware of whether their hospital had protective gear, he said.

"It's not enough to post a link to the Centers for Disease Control on the hospital's website," he added.

Wenzel, the infectious disease specialist at Virginia Commonwealth University, said that to truly be prepared against the virus, officials may want to think beyond health care facilities.

For instance, he suggested that cab drivers might be given pamphlets urging them to ask sick passengers on the way to the hospital the same question being posed now by ambulance drivers and triage nurses: Have you traveled to West Africa lately?

"I wouldn't put it in terms that are going to make people panic," he said. But he said that, at the very least, drivers should know that cleaning up a mess left by a sick passenger could carry a health risk.

___

Associated Press writers Nomaan Merchant in Dallas and John Seewer in Toledo, Ohio, contributed to this report.

___

The AP National Investigative Team can be reached at investigate@ap.org


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Samsung expects lowest profit in over 3 years

SEOUL, South Korea — The world's biggest smartphone maker is suffering a stunning financial decline in the face of intense competition from Apple Inc. and upstart Chinese brands.

In a preview to earnings due out this month, Samsung Electronics Co. said Tuesday its quarterly profit is estimated to have fallen to its lowest level in more than three years, dragged down by weak sales of its new Galaxy model.

Samsung became the biggest smartphone brand on the popularity of earlier Galaxy models. But the bigger screen on Apple's new iPhone 6 is luring away Americans who liked the bigger Galaxy, while in China, local brands are making inroads into Samsung's business.

Analysts have repeatedly cut forecasts of Samsung's profit this year as Galaxy sales lagged expectations. They say earnings in the quarter ending in September could suffer their biggest decline in Samsung's recent history.

In Tuesday's report, Samsung said the median forecast of July-September operating income was 4.1 trillion won ($3.8 billion). That was below the median of analysts' expectations of 5.2 trillion won, according to FactSet, a financial data provider. It would be a 60 percent plunge from record-high 10.2 trillion won a year earlier.

The decline in Galaxy sales has hurt demand for Samsung components such as an advanced display called OLED. High marketing costs are undermining profits.

"The operating margin declined due to increased marketing expenditure and lowered average selling price," Samsung said in a statement. The company said it "cautiously expects increased shipments of new smartphones and strong seasonal demand for TV products."

Analysts say the bigger iPhones released last month will likely take away American customers who favored the Galaxy's bigger screens. In emerging markets such as India and China, Samsung's smartphone sales were overtaken by local rivals.

Samsung estimated sales for the July-September period declined 20 percent from a year earlier to 47 trillion won ($44.2 billion). That was slightly below analysts' expectations of 50.4 trillion won.

In January, analysts estimated Samsung's third quarter operating income would exceed 10 trillion won. That expectation has been steadily lowered to about half this month.

Quarterly profit from its mobile business, which reached 6.7 trillion a year earlier, is forecast to be a little over 2 trillion won.

The company needs to revamp its handset designs, said Lee Seung-woo, an analyst at IBK Securities Co.

"Rather than seeking stability, Samsung should seek to distinguish (its phones) with Galaxy's design policies," he said. "The iPhone 6 will be a significant threat to Samsung."

The company moved the launch of the Galaxy Note 4, a large smartphone with a stylus, to late September from October after Apple unveiled the iPhone 6. It also began sales of the Galaxy Note 4 in China last month, getting an early start in the world's most populous country before Apple.

Last month, Samsung also received upbeat initial responses to its Galaxy Note Edge smartphone, a smartphone with a curved side screen that can display weather, news, apps and other information. But the supply volume for the Edge smartphone will be limited, likely not giving a big boost to its earnings, analysts said.

With growth momentum in smartphones sagging, Samsung is moving to step up its presence in the semiconductor business.

This week, Samsung announced a 15.6 trillion won ($14.7 billion) investment plan to build a new semiconductor fabrication plant in the South Korean city of Pyeongtaek. The construction will begin before the summer next year and begin operations during the second half of 2017.

Samsung did not disclose net income or divisional earnings in its quarterly earnings preview.


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Asian stocks mixed after US jobs data

Written By Unknown on Senin, 06 Oktober 2014 | 12.32

SEOUL, South Korea — Markets in Japan and Hong Kong rose Monday on strong U.S. jobs data but other Asian markets were lower as investors looked to the U.S. Federal Reserve for signs of when it might raise interest rates.

KEEPING SCORE: Japan's Nikkei 225 rose 1.5 percent to 15,946.90 and Hong Kong's Hang Seng index added 0.6 percent to 23,190.48. South Korea's Kospi dipped 0.2 percent to 1,973.14 and Australia's S&P/ASX 200 lost 0.4 percent to 5,294.60. Markets in mainland China were closed for a holiday.

US HIRES MORE, PAYS FLAT: Government data showed employers added 248,000 jobs in September, beating market expectations. Unemployment fell to a six-year low of 5.9 percent. The Labor Department said hiring in July and August also was stronger than initially estimated. But average hourly wages fell a penny last month. Lack of wage inflation might prompt the Fed to delay raising interest rates from near zero. Many economists expect the Fed to put off a rate hike until mid-2015.

EUROPE SILENT ON STIMULUS: After a meeting of European Central Bank leaders last week, bank president Mario Draghi said Europe's recovery is "weak, fragile, and uneven." But Draghi disappointed markets by failing to put a figure on the size of a planned stimulus.

ANALYST'S TAKE: "On Friday, the U.S. once again showed that it is the best house on what seems to be a slowly deteriorating neighborhood," said Chris Weston, chief market strategist at IG Markets. "While Europe is sinking into a stagflation hole, money managers are seeing qualities in the U.S. that stand out by a country mile right now."

WALL STREET UP: U.S. stocks closed sharply higher on Friday after job gains. The Dow rose 1.2 percent to 17,009.69. The S&P 500 index climbed 1.1 percent to 1,967.90 and the tech-heavy Nasdaq composite rose 1 percent to 4,447.62.

WEEK AHEAD: The Fed is due to release minutes on Wednesday of a meeting last month. Investors will be watching for clues about a timetable for rate hikes and discussion surrounding the decision to keep the "considerable time" phrase in its pledge to keep interest rates near zero. Markets will be particularly attentive to signs of "increased hawkishness," said Sébastien Barbé, head of Global Markets Research for Europe at Crédit Agricole.

ENERGY: Benchmark U.S. crude dipped 7 cents to $89.67. On Friday, the contract lost $1.26 to settle at $89.74 per a barrel on the New York Mercantile Exchange, its lowest level since April 2013. Brent crude, a benchmark for international oils, declined 34 cents to $91.97.

CURRENCIES: The dollar fell to 109.62 yen from Friday's 109.80. The euro was flat at $1.252.


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Corporate deals set to return to pre-crisis levels

LONDON — After a year that's been awash with multi-billion dollar deals, the number and value of mergers and acquisitions looks set to return to pre-crisis levels over the coming 12 months, consulting firm EY said Monday.

In its biannual Global Capital confidence barometer, EY said global M&A is on course to return to 2006 levels in the next year thanks to improvements in market conditions. Companies started getting reluctant to do deals in 2007 when the credit crunch really started. The following year's global financial crisis and subsequent recession saw M&A activity come to a near standstill.

However, the appetite for deal-making has picked up over the past couple of years as the world economy has recovered and stock markets, particularly in the U.S., have bounced back on growing confidence about the future. This year has seen a flurry of big announcements, particularly in the U.S., including AT&T's $48.5 billion takeover offer for DirecTV and Facebook's $19 billion bid for WhatsApp.

EY's survey found that 40 percent of companies anticipate pursuing acquisitions in the next 12 months. That's the highest level in three years.

It said the deals will not be confined to big names. In fact, some of the biggest activity will likely come from smaller firms seeking to strengthen their core businesses — it expects a big pick-up in deals valued at $250 million and under.

"Stable asset prices as well as increasing confidence in stability of the global economy are encouraging a more buoyant outlook for M&A," said Pip McCrostie, EY's global head of M&A. "Having experienced many years of volatility, this growing stability provides greater certainty in terms of strategic planning, although executives will continue to closely monitor unfolding geopolitical events."

EY said much of the M&A momentum will come from companies in the U.S., Britain, China, Japan, India and Australia. And the top five target countries are Brazil, China, India, Britain and the U.S. The sectors it found that could see big activity include automotive, technology, life sciences, telecommunications and consumer products

The survey is based on interviews with more than 1,600 senior executives in over 60 countries.


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Robots to learn from Nurses

Written By Unknown on Minggu, 05 Oktober 2014 | 12.32

On the labor and delivery floor of Beth Israel Deaconess Medical Center, about 20 so-called ninja nurses use their sixth sense to efficiently assign staff and resources to patients to make sure everyone gets the care and attention they need.

Now, a doctor and an Massachusetts Institute of Technology professor are teaming up to use their medical and robotics expertise to improve how machines work with humans, and make hospitals a bit better in the process.

"What we're aiming to do is learn from people who are outstanding at these resource allocation jobs and potentially teach a machine," said Julie Shah, the professor who leads the Interactive Robotics group at the Computer Science and Artificial Intelligence Laboratory at MIT.

Shah and her husband Neel Shah, an obstetrician at Beth Israel, will spend the next two years learning from these "ninja" nurses — officially called resource nurses — to try to understand how they make certain choices to improve decision making in the hospital and in machines.

The Shahs will develop a simulation test for the resource nurses, with the goal of translating instinctive decisions into specific explanations for certain actions. The project is funded by the Harvard Risk Management Foundation.

"If we can learn what these rules are that the best people are using, we'll be able to train people better," Neel Shah said.

The Shahs said they hope to have a training tool that can help other nurses make better decisions within two years, but eventually hospital floors could have intelligent machines to help hospital staff make decisions.

"Any tools we can give clinicians on the front line and control as best we can are really helpful and (can) make care safer," said Carol Keohane of CRICO, which awarded the grant. "It will help to hone in, and help people identify what resources are needed and take care of this population as well as possible."

There is no intent to take jobs away from hospital staff, Julie Shah said. Instead, the research will be used to help nurses make decisions and train new nurses to have the same "ninja" prowess.

"This is an area where long term it's not practical to have machines doing the work," Julie Shah said. "We still need people doing it, the question is how do we support people doing it."

For Julie Shah, the research will also help with what she calls "re-planning," making decisions and adapting to new scenarios without explicit instructions.

Her research focuses on the decisions that machines — largely robots — make autonomously, without having to be explicitly told to complete a task or alter a plan as well as how machines work with humans.

But, if machines have a better understanding of the decisions that humans make, the machines could re-plan and adapt to changing scenarios better.


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Robots to learn from Nurses

On the labor and delivery floor of Beth Israel Deaconess Medical Center, about 20 so-called ninja nurses use their sixth sense to efficiently assign staff and resources to patients to make sure everyone gets the care and attention they need.

Now, a doctor and an Massachusetts Institute of Technology professor are teaming up to use their medical and robotics expertise to improve how machines work with humans, and make hospitals a bit better in the process.

"What we're aiming to do is learn from people who are outstanding at these resource allocation jobs and potentially teach a machine," said Julie Shah, the professor who leads the Interactive Robotics group at the Computer Science and Artificial Intelligence Laboratory at MIT.

Shah and her husband Neel Shah, an obstetrician at Beth Israel, will spend the next two years learning from these "ninja" nurses — officially called resource nurses — to try to understand how they make certain choices to improve decision making in the hospital and in machines.

The Shahs will develop a simulation test for the resource nurses, with the goal of translating instinctive decisions into specific explanations for certain actions. The project is funded by the Harvard Risk Management Foundation.

"If we can learn what these rules are that the best people are using, we'll be able to train people better," Neel Shah said.

The Shahs said they hope to have a training tool that can help other nurses make better decisions within two years, but eventually hospital floors could have intelligent machines to help hospital staff make decisions.

"Any tools we can give clinicians on the front line and control as best we can are really helpful and (can) make care safer," said Carol Keohane of CRICO, which awarded the grant. "It will help to hone in, and help people identify what resources are needed and take care of this population as well as possible."

There is no intent to take jobs away from hospital staff, Julie Shah said. Instead, the research will be used to help nurses make decisions and train new nurses to have the same "ninja" prowess.

"This is an area where long term it's not practical to have machines doing the work," Julie Shah said. "We still need people doing it, the question is how do we support people doing it."

For Julie Shah, the research will also help with what she calls "re-planning," making decisions and adapting to new scenarios without explicit instructions.

Her research focuses on the decisions that machines — largely robots — make autonomously, without having to be explicitly told to complete a task or alter a plan as well as how machines work with humans.

But, if machines have a better understanding of the decisions that humans make, the machines could re-plan and adapt to changing scenarios better.


12.32 | 0 komentar | Read More
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