Saturday, January 21, 2012

Russian billionaires' huge legal battle closes | The Associated Press ...

A legal battle between two feuding Russian billionaires has ended in a London court.
Judge Elizabeth Gloster reserved judgment Thursday on the case between exiled oligarch Boris Berezovsky and fellow Russian Roman Abramovich, the Chelsea Football Club owner.
The date for the verdict has not been set.
Berezovsky sued Abramovich for several billion dollars, saying the soccer club owner had intimidated him into selling shares in their jointly-owned Russian oil giant Sibneft at a fraction of their value. He alleged breach of contract and claimed more than 3 billion pounds (US$4.6 billion) in damages.
Abramovich denied that, saying Berezovsky never owned the stakes.
The trial, which began in October, is one of the most expensive legal fights London has seen.

Source: http://www.sfexaminer.com/news/2012/01/russian-billionaires-huge-legal-battle-closes

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Russian TV attacks new US ambassador (AP)

MOSCOW ? State television has lashed out at the new U.S. ambassador to Russia, questioning his credentials and suggesting his agenda is to support opposition leaders and promote revolution.

Channel One criticized Ambassador Michael McFaul's appointment in a segment that aired on Tuesday night, McFaul's second day on the job.

"The fact is that McFaul is not an expert on Russia," said Channel One analyst Mikhail Leontev. "He is a specialist purely in the promotion of democracy."

The commentary questioned McFaul's previous work in Russia with the National Democratic Institute ? "known for its proximity to the U.S. intelligence services" ? and his connections to the "so-called democratic movement" in the early 1990s.

It also suggested McFaul has written hundreds of articles against Prime Minister Vladimir Putin, who is expected to return to the presidency in March.

Noting the title of McFaul's 2001 book ? "An Unfinished Revolution in Russia. The political change from Gorbachev to Putin" ? Leontev asked, "Has Mr. McFaul arrived in Russia to work in the specialty? That is, finish the revolution?"

In Washington, U.S. State Department spokeswoman Victoria Nuland rejected the suggestions that McFaul was sent to Russia promote revolution. She said McFaul was sent to try to find new areas of cooperation with Russia and also to meet with a broad cross-section of Russians.

"From our perspective this is a benefit, that he knows Russians of every political stripe," she said.

The Channel One report followed video of Russian opposition and civil society leaders leaving the U.S. Embassy after meetings with McFaul and U.S. Deputy Secretary of State William Burns ? McFaul's first official receptions in his post.

He met with senior government officials at the Kremlin on Monday.

Environmentalist Yevgeniya Chirikova, who was among those invited to the embassy, tweeted that McFaul's choice of hosting opposition leaders first had cast him in a positive light. Others at the meetings included human rights and anti-corruption activists, along with representatives from the Communist, Just Russia, Yabloko and People's Freedom Parties.

Human rights activist Lev Ponomarev was quoted by the Interfax news agency as saying that the discussions included elections, the jailing of Russian businessmen and the awakening of political activism in Russian society.

"We had an informal conversation about the state of civil society in our country, about human rights violations and the problems that we have," Ponomarev said.

McFaul later explained on his blog that U.S. officials in Russia make a point of meeting with both government officials and civil society leaders.

"It's a policy we call dual track engagement," he said. "We learned a lot from listening to these leaders."

McFaul is regarded as one of the nation's leading experts on U.S. relations with Russia, and has been involved in the Obama administration's efforts to "reset" relations with Moscow. That includes the signing of the New START treaty that set a ceiling of 1,550 strategic warheads in each country's arsenal.

He responded to Channel One's report on Twitter late Tuesday, saying the commentary included "no word about the 3 years of reset."

"Yesterday my mtgs with WH/Kremlin officials could not have been warmer. pluralism!" he tweeted.

Russian state TV has suggested there has been U.S. involvement in growing protests following December's fraud-tainted parliamentary election, in which Putin's United Russia party won a majority of seats.

Two days before the vote, Kremlin-controlled NTV television showed a half-hour program attacking Golos, Russia's only independent election monitoring group, which is supported by grants from the U.S. and Europe.

The program included shots of suitcases full of U.S. dollars and claimed that Golos was openly supporting opposition parties and trying to discredit the election.

The show aired several days after Putin accused Western governments of trying to influence the election through their funding of unidentified Russian non-governmental organizations.

Source: http://us.rd.yahoo.com/dailynews/rss/russia/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_re_eu/eu_russia_us_ambassador

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Friday, January 20, 2012

Novartis drug investigated after 11 deaths

(AP) ? A European agency is investigating a multiple sclerosis drug made by industry giant Novartis to determine whether the medicine played any role in the deaths at least 11 patients.

The drug, Gilenya, was licensed last year in the European Union to treat a severe type of multiple sclerosis. It can cause a slow heart rate when first taken and doctors closely monitor patients after the first dose.

The European Medicines Agency, which is now investigating the drug, said it isn't clear if it caused the deaths. One of the fatalities occurred in the United States, where a patient died within 24 hours of taking the first dose.

The European agency said it didn't know where the other 10 deaths occurred, but that they were reported to its drug database, which monitors side effects from medicines in the European Union.

Novartis said not all the deaths were heart related.

A spokeswoman at the U.S. Food and Drug Administration said it also is conducting a data analysis but has not made any definitive conclusions and does not know when its review will be complete.

More than 30,000 patients have taken Gilenya worldwide.

The European Medicines Agency advised doctors to increase their monitoring of patients after the first dose of the medicine. The agency said the risk of a slow heart rate after the first dose of Gilenya was known when it was approved.

Novartis AG said it was advising doctors of new recommendations on using Gilenya. They had previously said all patients should be monitored for six hours after their first dose, but are now tightening that to include continuous heart monitoring using electrocardiograms and measuring blood pressure and heart rate every hour. In certain patients, that monitoring should be extended, the drug maker said in a statement.

This new guidance applies only to patients taking their first dose, Novartis said in a statement.

The EU drug regulator hopes to finish its review of the drug by March.

___

Online:

www.ema.europa.eu

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/bbd825583c8542898e6fa7d440b9febc/Article_2012-01-20-EU-Novartis-Drug-Review/id-efd7d38405854011a79b4c17a8ddaf4f

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Samsung Galaxy Note: Football Flash Kick


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Source: http://www.ibelieveinadv.com/2012/01/samsung-football-flash-kick/

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Samsung aggressively aggregating acronyms as eMCP assembly activated

Samsung's started foundries rolling for its new embedded multi-chip package memory for budget smartphones -- after the success of the high-end modules that were released in October. eMCP jams together 30-nanometer low-power DDR2 DRAM and 20-nanometer NAND flash memory into a single slice of silicon. In real terms, this means that there's a 4GB e-MMC (embedded MultiMediaCard) flash chip with a 256MB, 512MB or 768MB DDR2 DRAM module bolted on the side. According to the company, it'll consume 25 percent less power with 30 percent better performance, cost less to jam into your telephone and probably make you smell better, too. If you're starting your own phone company, or just curious about embedded systems, head past the break for the PR.

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   |  sourceSamsung Tomorrow (flickr)  | Email this | Comments

Source: http://www.engadget.com/2012/01/19/samsung-aggressively-aggregating-acronyms-as-emcp-assembly-activ/

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Thursday, January 19, 2012

The Food Stamp President (Powerlineblog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/187976513?client_source=feed&format=rss

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DB, NYSE stress European nature of deal in EU letter (Reuters)

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)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20120116/bs_nm/us_deutscheboerse_nyse

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