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January 18, 2012 at 10:56 ? Filed under Web, Web Film
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Continue reading Samsung aggressively aggregating acronyms as eMCP assembly activated
Samsung aggressively aggregating acronyms as eMCP assembly activated originally appeared on Engadget on Thu, 19 Jan 2012 16:04:00 EDT. Please see our terms for use of feeds.
Permalink |Source: http://www.engadget.com/2012/01/19/samsung-aggressively-aggregating-acronyms-as-emcp-assembly-activ/
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FRANKFURT (Reuters) ? Top executives at Deutsche Boerse (DB1Gne.DE) and NYSE Euronext (NYX.N) sent a letter to European Commissioners emphasizing the "European" nature of a combined company, in a bid to salvage their deal after antitrust regulators threatened to block it.
The letter was sent by NYSE Euronext Chief Executive Duncan Niederauer and Deutsche Boerse chief Reto Francioni on January 13, and was addressed to European Union Commission President Jose Manuel Barroso and also copied to the remaining 27 commissioners, a copy of the letter seen by Reuters shows.
In it, executives from Deutsche Boerse and NYSE Euronext expressed "profound concern" that blocking the takeover "would represent a serious missed opportunity at a critical juncture for Europe."
Earlier this month, European Commission antitrust regulators signaled they would recommend blocking a merger over concerns about creating a dominant player in derivatives, a source told Reuters.
Deutsche Boerse and NYSE have now focused their efforts to convince the so-called college of 27 commissioners that EU antitrust commissioner Joaquin Almunia's conclusions are wrong, and that approving the deal would help advance EU interests.
"The transaction will facilitate the effective implementation of European Union financial services regulation and offer a unique opportunity to deepen regulatory cooperation and reduce the risk of regulatory arbitrage," the letter said.
"If this combination is prohibited by the College of commissioners, the global consolidation of exchanges might very well shift the balance towards countries favoring 'light touch' regulation, which would severely endanger the European Commission's agenda," the letter continued.
In the letter Deutsche Boerse Chief Reto Francioni and NYSE Euronext head Duncan Niederauer said the new company would be domiciled in the European Union and be strictly under European supervision.
Furthermore, 80 percent of the governance of the company and 70 percent of the revenues would be generated within the European Union, the letter said.
"The new company would accelerate the integration of Europe's capital markets, and serve as the vanguard for the implementation of European Union and G20 regulatory reforms," the letter said.
The college of commissioners will give a formal ruling by February 9.
Both executives again emphasized that a review of the deal should look at the derivatives market from a global, rather than just European perspective, and should include the over-the-counter market.
"Contrary to the views expressed by the Directorate General for Competition, effective competition will continue to exist, in particular due to over-the-counter trading, the global nature of the derivatives market, and our strong global rivals.
"For instance, CME, the largest derivatives exchange in the world, competes with us directly in Europe, has more employees in Europe than NYSE Liffe and a larger interest rate derivative portfolio than our combined businesses."
The letter said Europe would be disadvantaged given that the U.S. had approved the merger of Chicago Mercantile Exchange with the Chicago Board of Trade in 2007 to create CME.
The European Commission has demanded Deutsche Boerse and NYSE sell either the Eurex derivatives arm or Liffe, a move that both exchanges have ruled out so far.
German union representatives on Wednesday said they would be pleased if the European authorities blocked the deal. "We had feared there would be grave consequences for Frankfurt as a financial centre if the deal succeeded."
(Reporting By Foo Yun Chee in Brussels; writing by Edward Taylor; Editing by Helen Massy-Beresford)
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Randy Earheart shovels snow at the Rimrock Lake Resort near White Pass, Wash. Tuesday, Jan. 17, 2012. It took him all day to clear the parking lot and adjacent areas. (AP Photo/Yakima Herald-Republic, Gordon King)
Randy Earheart shovels snow at the Rimrock Lake Resort near White Pass, Wash. Tuesday, Jan. 17, 2012. It took him all day to clear the parking lot and adjacent areas. (AP Photo/Yakima Herald-Republic, Gordon King)
Greg Lane a senior at South Kitsap High School pushes a giant snowball at Mullinex Ridge Elementary School in Port Orchard, Wash., on Tuesday, Jan. 17, 2012. (AP Photo/Kitsap Sun, Larry Steagall)
Kalyana Neville, 9, back and her best friend Alannah McGinnis, 7, front, enjoy a sled ride down the hill at Vanzee Park in Port Orchard, Wash., on Tuesday, Jan. 17, 2012. (AP Photo/Kitsap Sun, Larry Steagall)
Clerk Joel Bartlett stacks bags of a deicing product onto the loading dock of a hardware store Tuesday, Jan. 17, 2012, in Seattle, after making a quick run to the warehouse when supplies ran out. Seattle, a city more accustomed to rain than snow, prepared for a potentially major snow storm to hit Wednesday as the city's mayor urged residents to stay off roads and school officials prepared for the worst. Snow has been falling steadily in various parts of western Washington and Oregon since the weekend, but meteorologists with the National Weather Service in Seattle said the biggest amounts could come on Wednesday. (AP Photo/Elaine Thompson)
Washington State Patrol cars block further passage on Interstate 90 where the pass ahead was closed Tuesday, Jan. 17, 2012, near North Bend, Wash. Snow has been falling steadily in various parts of western Washington since the weekend, but meteorologists with the National Weather Service in Seattle said that the biggest snowfall could come on Wednesday.?Forecasts issued Tuesday morning called for about 5 to 10 inches of snow for the Seattle metropolitan area with communities along the Interstate corridor south of Seattle expected to get heavier amounts. (AP Photo/Elaine Thompson)
SEATTLE (AP) ? Schools preemptively closed, crews salted down streets and more than two dozen flights into two Pacific Northwest cities were canceled as the region prepared for a potentially major snowstorm on Wednesday.
Forecasts called for about 3 to 5 inches of snow in the Seattle metropolitan area, with heavier amounts expected in communities along the Interstate 5 corridor south of the city. The city's schools canceled classes, as did their counterparts in other western Washington cities such as Tacoma, Olympia and Bellingham.
Alaska Airlines announced late Tuesday that it canceled 38 flights into and out of Seattle and Portland, Ore. The airline was waiving rebooking fees for passengers traveling Tuesday through Thursday in those cities.
Conditions on the roads were expected to be dangerous as the storm was forecast to begin dumping snow on the area just before the morning rush hour.
"Wednesday is going to be a good day to stay at home," said Brad Colman, a National Weather Service meteorologist in Seattle. "The road is going to be treacherous."
Several inches of snow have the potential to paralyze the city of Seattle, which owns relatively few snowplows. Its drivers are mostly inexperienced with driving in snow or ice.
Several downtown hotels reported all their rooms were booked. Elsewhere, shoppers stocked up on groceries.
In Everett, north of Seattle, police reported a thief broke into an Everett School District parking lot early Tuesday and drove off in an old pickup equipped with a snow plow. The faded yellow truck had the snow plow in front and a full hopper of sand in the back, Sgt. Robert Goetz said.
Snow has been falling steadily in parts of western Washington and Oregon since the weekend, but Weather Service meteorologists said the biggest amounts could be on the way.
Bec Thomas, who lives on Camano Island north of Seattle, stocked up on bottled water and food. As her children built snowmen, made snow angels and sledded in nearly a foot of fresh snow on Tuesday, she made food that could be reheated on her wood stove.
The last snowstorm knocked out her power for a week.
"We take it very seriously," said Thomas, a fine arts photographer. "We'll probably be snowed in until Thursday."
Forecasters said 3 to 6 inches of new snow could fall in the Olympia area and 1 to 2 inches north of Seattle. The Cascade Mountains could see 1 to 3 feet of new snow through late Wednesday, and officials warned of high avalanche danger there.
In eastern Washington, forecasters predicted that about 6 inches of snow could fall on Spokane by late Wednesday with several more inches falling Thursday. The Pullman area could see as much as 12 inches of new snow by Wednesday night.
State troopers advised motorists to be prepared.
"The No. 1 thing is to drive for the road conditions," Trooper Keith Leary said. "People need to slow down, take their time. If they're not prepared, don't get out on the roadways."
John Lee, a Mill Creek graphic designer decided to work from home Tuesday rather than face a snowy commute into Seattle, said it was "a bit exciting" because it was the first snow of the season.
But he added: "I hope it doesn't escalate to something bigger."
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AP Writer Rachel La Corte in Olympia and Donna Blankinship in Seattle contributed to this report.
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Last Friday, just hours after the U.S. Embassy in Bangkok warned on its website of a "possible terrorist threat" in tourist areas of the Thai capital, Thai security officials arrested a Lebanese man suspected of being a member of Hizballah, the Iranian-backed militant group. After three days of interrogations, police seized more than 4,000 kg of bombmaking materials from the townhouse he rented in a Bangkok suburb. But instead of receiving praise their police work, Thailand's government and security officials are being roundly criticized.
The scorn-filled and suspicious responses are the result of mistrust of the U.S., concern over lost tourism earnings, and the conflicting statements and shifting narrative of events by various government officials, all of whom are insisting tourists and locals have nothing to fear because they have the situation "under control." As an editorial in the English-language Nation newspaper opined, "In Thailand we have a long history of politicians telling us half-truths and lies, especially when it comes to security matters. And so when they tell us to be calm because everything is under control, we have good reason not to trust them." Ten nations aside from the U.S. have now issued terrorism alerts about Thailand to their citizens. (See photos of the Lebanese group's flourishing youth movement.)
Thailand is no stranger to bombings and other forms of violence, but it has rarely been a target of international terrorism. Palestinian gunmen seized the Israeli embassy in 1972, and in 1992 an Iranian national and reputed member of Hizballah attempted to drive a truck bomb into the Israeli embassy only to be foiled when he got into a minor traffic accident. Thailand is, however, notorious as a smugglers' paradise -- a transshipment point for guns, people, drugs and other contraband. It has also served as a haven for criminals, con men and occasionally terrorists: Hambali, the leader of Jemaah Islamiah, the Southeast Asia group allied with al-Qaeda, was apprehended in Thailand in 2003.
What is known for certain about the current episode is that Israeli intelligence notified Thai security officials about the presence of suspected Hizballah members in Thailand in late 2011. The government alerted the public to possible bomb threats in Bangkok on New Year's Eve, without naming who was behind them. Most people assumed the threat came from domestic political extremists or militant Muslims from Thailand's violence-plagued deep south. (Read about the secrets of a Hizballah arms smuggler.")
On Jan.13, the same day the U.S. embassy issued its warning, Thai police arrested Atris Hussein, a Lebanese citizen who also holds a Swedish passport, as he tried to depart Thailand at Bangkok's international airport. Police said another suspect remained at large, but it was not clear if that person was still in Thailand, and some unconfirmed local newspaper reports said he had been detained along with Hussein but had escaped. Thailand's national police chief, General Priewpan Damapong, told reporters that Hussein confessed that he and his alleged accomplices had intended to bomb locations in Bangkok popular with Israeli tourists, but that the attack had been "canceled" when they realized police were watching them. A few days later that story changed: Hussein only confessing that he bought massive amounts of urea fertilizer and ammonia nitrate, common bomb materials, to ship overseas, the police chief said.
Panitan Wattanayagorn, an expert in security affairs at Bangkok's Chulalongkorn University, said police may have a difficult time making any terrorism charge against Hussein, whom he described as a low-level operative at best, hold up in court as he may change his confession again. And simply purchasing large amounts of fertilizer and chemicals is not illegal -- or unusual -- in an agricultural country such as Thailand. Security officials may have hurt their ability to build the case by releasing so many details, he added. But he said it was unwise to assume that Thailand was not a target. "Traditionally, we are not a first-tier target of terrorists. But we are a soft target, and we may have weak defenses against those who intend to do harm. Furthermore, we've had a sharp increase in Israeli tourists during the past few years,'' he said. (Read ''The Trouble with Thailand.'')
Concern over lost tourism earnings -- about 14 million foreigners visit Thailand each year, and tourism accounts for somewhere between 6% and 7% of gross domestic product -- has prompted frustrated and angry outbursts, chiefly at the U.S. Foreign Minister Surapong Tovichakchaikul complained bitterly that foreign countries did not consult with him before issuing alerts. Suchart Bamrungsuk, a political scientist at Chulalongkorn University, warned Thailand could be drawn into conflict with Hizballah. The U.S. Embassy's Facebook page was also peppered with criticism: "Thank you. You made the stock exchange go down now!" wrote Dusit Ratchawong. "I wonder who are the foreign terrorists. The CIA?" posted Veerasak Boriboonsook.
The English-language Bangkok Post, however, defended embassies issuing warnings in its editorial Tuesday, saying each had a right and responsibility to warn their citizens. "A successful terrorism attack harms tourism, as it did in Bali after the 2002 blasts. But travel alerts and warnings have had no discernible effect on the Thai tourist trade.'' But as government officials and others fret over the incident's impact on tourism, the question as to whether Thailand is now a target remains open.
Watch "Thai Election Primer: Red Shirts vs. Yellow Shirts."
Read "Is Thailand Losing the Battle Against Human Traffickers?"
View this article on Time.com
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ABUJA, Nigeria ? The suspected mastermind of the Christmas Day bombing of a Catholic church in Nigeria escaped custody after being arrested in the country's capital, police acknowledged Tuesday ? an embarrassment for a nation struggling to contain increasingly bloody sectarian attacks by a radical Islamist sect.
Authorities said Kabiru Sokoto planned the bombing that killed 38 people at St. Theresa Catholic Church in Madalla, just outside Nigeria's capital Abuja. But his arrest at the mansion of a state governor in Abuja, and subsequent escape, raised more questions about the government's ability to stop the radical sect, known as Boko Haram, which claimed responsibility for the church attack.
Federal police spokesman Olusola Amore said in statement that a local commissioner ordered Sokoto transferred to another police station in Abaji, just outside of Abuja and that the policemen escorting him were attacked by suspected sect gang members who freed him.
Commanders have suspended the local police commissioner and are investigating his actions, as well as those of the officers guarding Sokoto, Amore said.
Amore did not say whether there were injuries suffered in the attack. He could not be immediately reached for comment.
The statement did not address Sokoto's arrest occurring at the official compound of the Borno state governor in Abuja as widely reported in the media. Borno state, in Nigeria's arid and dusty northeast, is Boko Haram's spiritual home.
The Christmas Day bombing targeted target worshippers at a Catholic church as they were leaving Mass, witnesses said. It was one of several attacks that day that killed at least 42 people, drawing worldwide criticism and new attention to Boko Haram.
The sect has carried out increasingly sophisticated and bloody attacks in its campaign to implement strict Shariah law across Nigeria, a multiethnic nation of more than 160 million people. Boko Haram, whose name means "Western education is sacrilege" in the local Hausa language, is responsible for at least 510 killings last year alone, according to an Associated Press count.
So far this year, the group, that has warned it will kill Christians living in Nigeria's predominantly Muslim north, has been blamed for at least 74 killings. That has further inflamed religious and ethnic tensions in Nigeria, which has seen ethnic violence kill thousands in recent years.
Boko Haram also claimed responsibility an August suicide car bombing that targeted the U.N. headquarters in the capital, killing 25 people and wounding more than 100.
In a video released last week, Imam Abubakar Shekau a Boko Haram leader, said the government could not handle attacks by the group.
Though President Goodluck Jonathan, a Christian from southern Nigeria, has declared emergency rule in some regions, the sect is blamed for almost daily attacks.
Jonathan has said he believes the sect has infiltrated security agencies and government offices in the country, though he has offered no evidence to back up the claim.
On Tuesday, authorities blamed Boko Haram gunmen for killing seven people in three separate attacks. Gunmen shot dead two soldiers distributing food to other service members, Borno state police commissioner Simeone Midenda said.
Two others were killed Monday when gunmen invaded their homes, military field operation officer Col. Victor Ebhaleme said. In Damaturu in nearby Yobe state, gunmen from the sect shot and killed three more people from Chad on Monday, Yobe state police chief Tanko Lawan said.
___
Associated Press writer Njadvara Musa in Maiduguri, Nigeria contributed to this report.
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