[By NBC-1TV H. J Yook]Bombardier Aerospace announced today that airBaltic has signed a firm purchase agreement to acquire 10 all-new Bombardier CS300 airliners. The Riga, Latvia-based airline also has purchase rights on a further 10 CS300 aircraft. The purchase agreement represents the conversion to firm orders of a Letter of Intent (LOI), announced at the Farnborough Air Show on July 10, 2012. The LOI also included the purchase rights on the 10 additional CS300 aircraft. Based on the list price of the CS300 airliner, the firm-order contract is valued at approximately $764 million US and could
[By NBC-1TV H. J Yook]Micron Technology, Inc., (Nasdaq:MU) today announced results of operations for its first quarter of fiscal 2013, which ended November 29, 2012. For the first quarter, the company had a net loss attributable to Micron shareholders of $275 million, or $0.27 per diluted share, on net sales of $1.8 billion. The results for the first quarter of fiscal 2013 compare to a net loss of $243 million, or $0.24 per diluted share, on net sales of $2.0 billion for the fourth quarter of fiscal 2012, and a net loss of $187 million, or $0.19 per diluted share, on net sales of $2.1 billion
[By NBC-1TV H. J Yook]Micron Technology, Inc. (Nasdaq:MU) (“Micron”) and Elpida Memory, Inc. (“Elpida”) today announced that the Japan Fair Trade Commission has cleared Micron‘s previously announced acquisition of Elpida. Clearance under Japan’s Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Act No. 54 of April 14, 1947) satisfies one of the conditions necessary for consummation of the transaction. The transaction has also cleared premerger review in the United States, Czech Republic and Korea. The closing of the transaction remains subject to other conditions̵
[By NBC-1TV H. J Yook]PNIX Games has announced the release of its newest game Zoo Zoo Bubble, a revolutionary puzzle game for Android. Zoo Zoo Bubble has been developed by PNIX Games which successfully introduced “Gun Zombie: Hell Gate” and “Gun Zombie: Halloween”. Zoo Zoo Bubble is a game in which a lovable character throws around bubbles and bursts when they hit bubbles of the same color. The advanced graphic design and abundant background music takes the puzzle game to the next level. In particular, it is the game that adopts Chain-combo system using the “blitz mode” and helps players chall
[By NBC-1TV H. J Yook]Dachis Group, a leading data-driven social marketing solutions firm, today announced the schedule for the fourth annual Social Business Summit 2013 global series, taking place in seven cities across four continents throughout 2013. Oracle will be the exclusive sponsor of Dachis Group's Social Business Summit 2013. The Social Business Summit 2013 global series will take place in Tokyo on February 6th, Austin on March 7th, Shanghai on April 11th, Mumbai on May 23rd, London on June 20th, Sao Paulo on July 25th, and New York on September 19th. Over the years, Dachis Group's S
[By NBC-1TV H. J Yook]Bombardier Aerospace announced today that an airline, which is based in the Americas, has signed a Letter of Intent to acquire 12 CS100 airliners with options on an additional 18. At this time the airline has requested to remain undisclosed. Based on the list price of the CS100 airliner, a firm-order contract would be valued at approximately $870 million US and could increase to $2.08 billion US should the 18 options also be converted to firm orders. “We are thrilled with the worldwide momentum of interest being shown for the CSeries aircraft program and we are pleased th
[By NBC-1TV H. J Yook]Mediana Co., Ltd (CEO, Eung Seok Kim, www.maed.co.kr), a company specialized in automatic defibrillator, has conducted the distribution project of automatic defibrillator with the city of Seoul. Mediana Co., Ltd., which is a private company, signed the contract for the distribution project since it was selected as the conducting company through the bid in August. And approximately 1,300 AED units have been installed in the main areas of Seoul from October 4 to November 30 after selecting the places and completing the training. The company has finished the installation in
[By NBC-1TV H. J Yook]New Holland Fiat India Pvt Ltd, a subsidiary of CNH Global NV, has completed five million consecutive hours worked without a single lost time incident at its New Holland manufacturing base in Greater Noida, setting a new record in safety excellence as the first plant in CNH to reach such a milestone. The five million hours represent around 600 days of work over the past two years. In recognition of this achievement, a special certificate signed by Richard Tobin, Chief Operating Officer of Fiat Industrial and CEO and President of CNH, and Franco Fusignani, New Holland Agri
[By NBC-1TV H. J Yook]The Nikkei 225 closed higher in trading this morning (December 19th) after official figures revealed the nation's overseas trade suffered another blow in November. New data shows that exports fell for the sixth month in a row, highlighting the issues the newly-elected Liberal Democratic Party face as they settle back into office after three years in opposition. Shipments slipped by 4.1 per cent in November compared to one year ago, with exports to key trading partner China declined by 14.5 per cent as a result of anti-Japanese business sentiment in the world's number two
[By NBC-1TV H. J Yook] City Index UK - Italian 10-year government bond yields post their fourth consecutive monthly decline, the longest decline in three years. One of the least discussed aspects of the ECB's announced OMT programme was its counter-intuitively stabilising impact. The announcement did not force Spain into requesting sovereign aid, but it succeeded in supporting the euro, sovereign bonds as well as European bank stocks. Those improved ‘market metrics’ removed the market strains accompanied with forcing a nation to request a bailout and led to more favourable conditions, enabling