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Analyst draws Wall St. ire taking on Kinder Morgan

2013-09-10 07:30:26| Oil & Gas - Topix.net

Kevin Kaiser, a 26-year-old analyst only three years into his first job out of the Ivy League, jolted Wall Street last week with a pithy email taking aim at North America's largest oil and gas pipeline and processing company - Kinder Morgan.

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Nokia draws down on Microsoft financing

2013-09-09 08:58:00| Telecompaper Headlines

(Telecompaper) Nokia said it has decided to draw down on the EUR 1.5 billion financing option set forth in the recent deal inked with Microsoft. Microsoft agreed to acquire the mobile phone business of Nokia for EUR 3.79 billion, and pay an additional EUR 1.65 billion to license Nokia patents. The EUR 1.5 billion financing was also part of the acquisition, to take place as three EUR 500 million tranches of convertible notes. Nokia intends to use the proceeds to prepay financing raised for the acquisition of the shares in NSN, completed in August, and for general corporate purposes. The 2018 bond, or first tranche, will mature in five years, with a 1.125 percent per annum coupon and an initial conversion price of EUR 3.93. The second tranche, or 2019 bond, will mature in six years, with a 2.5 percent coupon and an initial conversion price of EUR 4.08. The 2020 bond, or third tranche, will mature in seven years, with a 3.625 percent coupon and an initial conversion price of EUR 4.23. Nokia will make an application to include the bonds for trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange as soon as reasonably practicable following the issuance date of the bonds. The maximum number of shares which may be issued by Nokia upon conversion of all the bonds is around 367.5 million, or 8.9 percent of Nokia's shares.

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Samsung Draws a Big 'Meh' for Clunky, Pricey Galaxy Gear Smartwatch

2013-09-05 00:32:38| TechNewsWorld

Samsung on Wednesday showed off its much-anticipated Galaxy Gear smartwatch at the IFA consumer show in Berlin. The device serves as an ancillary to a user's Galaxy Note 3 and Galaxy Note 10.1 tablet, both also unveiled at IFA on Wednesday. Both these devices run Android 4.3, which support the Bluetooth Low Energy standard. Priced at $300, the Galaxy Gear will be available in the U.S. in October.

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OMAX® Corporation's 20th Anniversary Event Draws Huge Crowd

2013-08-28 06:00:00| Industrial Newsroom - All News for Today

KENT, Wash. &ndash; OMAX Corporation welcomed nearly 600 customers, friends, family and special guests from across the country at SHAPE THE FUTURE: OMAX&rsquo;s 20th Anniversary Open House and Technology Event. In addition to live cutting demonstrations and interactive technical sessions, the event featured tours of OMAX&rsquo;s recently expanded, state-of- the-art manufacturing facility in Kent, Wash.<br /> <br /> Innovation took center stage at the Anniversary celebration as attendees ...

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March on Washington's 50th anniversary commemoration draws tens of thousands

2013-08-25 04:59:01| IT Services - Topix.net

A Pennsylvania couple -- sharing both their love for each other and their love for the A & E reality show "Duck Dynasty" tied the knot at a Field & Stream store Saturday.

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