[By NBC-1TV H. J Yook]During a private event at the 2014 Annual Meeting of the World Economic Forum, leadership of Education Above All (EAA), a global initiative of Her Highness Sheikha Moza bint Nasser, made a call for the world’s business and philanthropy leaders to accelerate the effort to provide and finance quality basic education for the world’s estimated 57 million out of school children. With fewer than 700 days before the Millennium Development Goals deadline, EAA highlighted the long-term impact of investment in primary education on GDP as the imperative for immediate and sustained a
[By NBC-1TV H. J Yook]Samsung Electronics Co., Ltd. today announced revenues of 59.28 trillion Korean won on a consolidated basis for the fourth quarter ended December 31, 2013, which is an increase of 0.3 percent quarter-on-quarter. For the quarter, the company posted consolidated operating profits of 8.31 trillion won, representing an 18-percent decline Q-o-Q. Consolidated net profit for the quarter was 7.30 trillion won. In its earnings guidance disclosed on January 7, Samsung estimated fourth quarter consolidated revenues would reach approximately 59 trillion won with consolidated operatin
[By NBC-1TV H. J Yook]A new multipurpose hub for the European business of contact lens manufacturer Menicon Co., Ltd. (head office: Nagoya, Japan; CEO Hidenari Tanaka) has begun its first full year of operations at Emmen, NL (140 km. NE of Amsterdam), following a Dec. 9, 2013 grand opening attended by dignitaries from the Netherlands and Japan. The new facility now crafts and distributes made-to-order lenses to customers across the continent and beyond. Combining in a single 4,675 square-meter structure the production, distribution, R&D, marketing and management functions of business units Men
[By NBC-1TV H. J Yook]SimpleAir announced today that a federal jury returned a verdict that SimpleAir’s U.S. Patent No. 7,035,914 is infringed by Google. The verdict was reached on Saturday, January 18, 2014, following a week-long trial presided over by the Honorable Rodney Gilstrap, U.S. District Judge for the Eastern District of Texas. SimpleAir had alleged that Google’s push notification services for the Android smartphones and tablets infringed five claims of the ‘914 patent. The jury agreed unanimously on all counts of infringement and also found unanimously that each claim was valid. The
[By NBC-1TV H. J Yook]Rockwell Automation (NYSE: ROK) has won a $15 million engineering, procurement, construction and management contract from Vadxx Energy LLC for its first commercial-scale, plastic waste-to-synthetic crude energy facility in Akron, Ohio. The new plant will transform end-of-life plastics into higher value energy products, recycling nearly 60 tons of waste daily, diverting it from landfill disposal. The solution includes the PlantPAx Process Automation System suite, utilizing Rockwell Automation’s multi-discipline control platform to deliver an integrated smart plant for Vadx
[By NBC-1TV H. J Yook]Today Oliver Wyman, the leading international management consulting firm, launches its 17th annual State of the Financial Services industry report at the World Economic Forum’s (WEF) annual meeting in Davos. This year’s report focuses squarely on the growth challenge for the industry and identifies several “blind spots” that could impede the industry’s recovery and growth. The report examines the factors that drove healthy growth in financial services before the crisis and argues that few of them will drive similar growth in the future. Both credit expansion and greater u
[By NBC-1TV H. J Yook]Faced with the prospect of increased competition with the rollout of the country's National Broadband Network (NBN), Australian fiber-to-the-premises (FTTP) and wholesale service provider, OptiComm Co Pty Ltd, has future-proofed its core network with the deployment of advanced Brocade® NetIron® MLX®, CER and CES routers. The platform, implemented for OptiComm by Brocade (NASDAQ: BRCD) local partner ASI Solutions, has enabled OptiComm to utilize multi-protocol label switching (MPLS) as a key technology for increasing network flexibility, scalability and manageability. Opti
[By NBC-1TV H. J Yook]The Coca-Cola Company today announced the winners of Coca-Cola’s Shaping A Better Future Grant Challenge - a grant challenge exclusively for members of the World Economic Forum’s Global Shapers Community. Global Shapers are young leaders between 20 and 30 years old who are organized into a network of more than 300 city-based hubs. The challenge, announced at the Forum’s 2013 Annual Meeting, empowered Global Shapers to launch programs that address the world’s most challenging societal issues including youth employment, education, community security as well as protecting th