[By NBC-1TV H. J Yook]A French court has order the suspension of restructuring plans by car manufacturer Peugeot Citroen, claiming the company had not adequately consulted employees. The plans, which could see the loss of 8,000 jobs and the closure of the factory in Paris, have been the source of much controversy in France. The company said that despite the ruling, it would continue with negotiations with unions about the cuts. The court order comes after complaints from workers at the parts supplier subsidiary Faurecia. It was the CGT union who managed to successfully argue that Peugeot had f
[By NBC-1TV H. J Yook]i-SENS announced, CareSens brand was awarded the grand prize for “2013 Korea First Brand Grand Prize” sponsored by Korea Consumer Brand Committee at the award ceremony on January 22nd. 11th annual Korea First Brand Grand Prize is co-sponsored by Korea Consumer Forum and Korean Economic Daily to select the best brands those have been picked through basic research, brand expert survey, consumer recommendations with the highest score evaluated through online survey, telephone survey, and e-mail survey based on five items such as its quality, service, satisfaction compared to
[By NBC-1TV H. J Yook]Advanced Energy Industries, Inc. (Nasdaq:AEIS) today introduced its Paramount® 2 MHz power supply at SEMICON® Korea 2013. The complete Paramount platform, which spans frequencies from 400 kHz to 60 MHz, provides enabling plasma management in complex thin-film processing environments. In sub 22-nm pulsing applications, the industry-leading Paramount RF pulsing provides synchronized, multi-frequency RF power to improve etch rate selectivity, substrate profile control and film uniformity in a wide operating window. The 2 MHz mid-frequency addition completes the Advanced Ener
[By NBC-1TV H. J Yook]City Index UK: The very hint of a possible change in US monetary policy has all other counter currencies moving. The Fed is still far from shifting its accommodative stance but with bond yields approaching unsustainable levels last year and the move on the 10 year note yield above 2% it is the very start of a long upwards journey. We are unsure how long or when the move up will increase in intensity, but gold is the most obvious casualty if the move is quicker and larger than expected. Read Full Article at cityindex.co.uk: Gold stocks down as US treasuries commence the jo
[By NBC-1TV H. J Yook]City Index Asia - Stock markets in Asia enjoyed mixed success on Friday (January 25th), with the Nikkei yet again capitalising on a weak yen to make up more ground, while South Korea's Kospi continued a three-session losing streak. The Nikkei shot up by 2.9 per cent to 10,926.65 points, its best closing high of the year so far, with exporters still taking advantage of the continuing weakness of the yen against the dollar, with car firms spearheading most of the gains in the market. Shares in Toyota, Honda, and Suzuki all rose by 2.24, 1.09 and 4.03 per cent respectively.
[By NBC-1TV H. J Yook]Synergy Pharmaceuticals, Inc. (Nasdaq:SGYP), a developer of new drugs to treat gastrointestinal (GI) disorders, announced today that oral dosing of healthy volunteers has begun in a Phase I clinical trial of SP-333, a guanylate cyclase C (GC-C) agonist for the treatment of inflammatory bowel disease (IBD) including ulcerative colitis (UC). SP-333 has exhibited potent anti-inflammatory activity in animal studies of colitis, displaying a novel mechanism-of-action that the company believes could provide a new way to treat UC patients with mild-to-moderate disease. “We‘re ple
[By NBC-1TV H. J Yook]LG Electronics (LG) will unveil an extensive range of digital signage products at the Integrated Systems Europe (ISE) 2013, the world’s largest professional audio visual and integrated systems tradeshow. Taking place from January 29 to 31 in Amsterdam, ISE is the perfect forum for LG to showcase its next generation display products, many of which feature advanced, energy efficient IPS panels. Under the theme of Powerful and Professional, LG’s outstanding business-to-business products, including the world’s first 84-inch Ultra HD Multi-touch Signage, Smart Mirror and new t
[By NBC-1TV H. J Yook]NHN Corporation (KSE: 035420) has announced that they will be globally launching the mobile hack-and-slash action game ‘Undead Slayer’ that has PC online game quality. The background of ‘Undead Slayer’ comes from a Chinese empire where the zombie hunter named ‘Xiahou Dun’ is battling against the undead while he is trying to save his brother's (Cao Cao) life from a strange disease. Players will be able to experience splendid action battles with easy and simple touches on the screen. The most impressive point about ‘Undead Slayer’ is that this high quality game was planned,
[By NBC-1TV H. J Yook]BMO Financial Group today announced the appointment of Robert Cormie as Regional Vice President & Managing Director, Private Banking Asia. Mr. Cormie will lead the growth of the bank's private banking business in the Asia-Pacific region. He will report to Alexandra (Alex) Dousmanis-Curtis, Senior Vice-President and Head, Private Banking Canada and Asia, and will have a regional reporting line into Albert Yu, CEO Asia, BMO Financial Group. Mr. Cormie joins BMO from CIBC. He brings with him his full team of seasoned relationship managers who have a strong understanding of t
[By NBC-1TV H. J Yook]Citibank Korea Inc. (CEO Ha, Yung-ku, www.citibank.co.kr) had a mentor-mentee matching ceremony for “Citi-JA Hero program” with JA Korea (www.jakorea.org), a non-profit financial education institution operating globally, at Kyeonghyang Art Hill in Jeongdong, Seoul in the morning of Jan. 28. Citi-JA Hero Program is designed to select the teenagers from multi-cultural families who have strong desire for study and provide them with tutoring support, cultural experiences, and mentoring program. With the support of Citi Foundation, CKI donated USD 126,000 to the program just a