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U.S. Rep. Ed Markey calls on president to address climate change, lands Sierra Club endorsement

2013-02-07 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Republican: Democratic U.S. Rep. Edward Markey is calling on President Barack Obama to officially acknowledge climate change in this year's State of the Union address while lauding an environmental endorsement in his own bid to replace Secretary of State John Kerry in the U.S. Senate. Markey, a Malden, Mass. native, now has the support of the Sierra Club as he takes on Democratic U.S. Rep. Stephen Lynch of South Boston, to win the Democratic nod and then become the next U.S. senator from the Bay State. "Throughout...

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Sierra Club Chief Confident that Kerry, Obama Will Scuttle Pipeline

2013-02-06 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

The Hill: Sierra Club Executive Director Michael Brune predicted victory Tuesday in activists battle against the proposed Keystone XL oil sands pipeline, calling President Obamas vow to focus on climate change in his second inaugural speech a good omen. We are confident that [new Secretary of State John] Kerry will advise the president and the president will decide to reject this pipeline because it is such a clear first test of the presidents commitment to actually fighting climate change and ... moving...

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Sierra Wireless to sell AirCard business to Netgear

2013-01-29 07:46:00| Telecompaper Headlines

(Telecompaper) Canada-based mobile and wireless modem manufacturer Sierra Wireless has agreed to sell substantially all of the assets and operations related to its AirCard business to networking company Netgear for USD 138 million in cash plus approximately USD 6.5 million in assumed liabilities. Netgear said the deal will help it expand in the service provider market and offer a range of LTE data networking devices. The acquired activities have an annual run rate of USD 247 million in revenues, and Netgear expects the business to add to adjusted earnings in the first full quarter after the takeover. Netgear also said that it expects its tax rate for the fourth quarter to be higher than expected, at around 40 percent rather than its earlier guidance of 33 percent. Sierra expects to realize net cash proceeds of approximately USD 100 million from the asset sale, which it will devote to further expansion in M2M and a possible share buyback.

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