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Posts made in March, 2016

Press Release: WWE Tag Teams With Avid to Bring Pro Wrestling to Fans Worldwide

By on Mar 31, 2016 in Press Release |

BURLINGTON, Mass., March 29, 2016 (GLOBE NEWSWIRE) — Avid® (Nasdaq: AVID) today announced that the world’s largest professional wrestling company, World Wrestling Entertainment (WWE), has invested in a new production workflow powered by the Avid MediaCentral™ Platform. By embracing Avid Everywhere™, the global sports media company can enable its production teams to work more efficiently.  WWE has chosen to protect its investment in the new workflow solution, as well as its media assets by implementing a back-up system so it can continue to produce content in the event of an unexpected disruption. WWE is a global sports entertainment company headquartered in Stamford, Connecticut. The company is one of the largest producers of original content, which is distributed via broadcast, cable, web, DVD, print, and its own streaming network to 180 countries across the globe. To help manage the huge amount of content it produces—including 40 hours a week in the U.S. alone—WWE needed a scalable, efficient, and integrated workflow to generate and manage content.  The media giant also felt it was of utmost importance to include an integrated backup production system in the solution design to maintain its production workflow. “We can now edit and distribute all of our content seamlessly within the Avid environment,” said Mike Grossman, senior vice president of Television Operations at WWE. “With a centralized system, we can manage multiple production groups and repurpose content much more easily. Avid’s integration with third-party applications means that the system can grow with us in the future, and the new back-up system mitigates the risk of disasters affecting our production and revenue.” WWE’s centralized workflow is comprised of solutions from the Avid Media Central Platform, which is made up of products and solutions from the Avid Media Suite, Storage Suite and Artist Suite. Content created in the field is funneled through WWE’s central ingest department, stored on an Avid enterprise storage system, and made instantly available to all 140 Avid Media Composer® non-linear video editing software seats. With the ability to share files, and work in high or low resolutions, production teams can quickly start and turnaround projects. The integrated Avid workflow also gives WWE the flexibility to repackage and repurpose content for various products, shows and countries. With Avid Interplay® | Production, international and domestic teams can work with the...

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April Fools’: Fake Boulder news release touts city’s presidential cat-breeding program

By on Mar 31, 2016 in Press Release |

In what has become a semi-annual tradition, a mock news release purporting to be from the city of Boulder was issued on the eve of April Fools’ Day, this time announcing the donation of a cat to the White House from a fake feline-breeding program funded by marijuana taxes. The fake release, sent to the Daily Camera today, announced that a “mew” president will be sworn in to the White House in 2017 via the “First Cat” program out of Boulder. “We now have 3 cats being prepared for the eventual president,” the release reads. “One cat to match each candidate. Hillary Clinton, Donald Trump and Bernie Sanders. It will be up to the president to name the cat.” According to the release, the First Cat program is funded by marijuana sales taxes and was the brainchild of the Boulder City Council, the Humane Society and an area third-grader. The email also contains quotes of cat support from the presidential hopefuls as well as pictures of said cats. While the email is designed to mimic the city of Boulder’s actual news releases, city officials said they were not the senders. “We are not donating a cat to the White House,” said Sarah Huntley, who is the real spokeswoman for the city of Boulder. “There is no First Cat program sponsored by the city of Boulder.” The fake releases have been a spring staple for several years now. In 2014, one announced a 4/20 Easter Celebration while another, in 2013, claimed the city would look into harnessing hamsters for energy. In 2012, a fake letter was sent to the Camera with an Xcel Energy logo threatening to cut power to those who voted for municipalization, and, in 2011 a fake Boulder news release spoofed several city initiatives, including a fictitious panel set upto address the issue of public nudity. So while it may be a day early, Huntley said the city was expecting the fake news release. “We are familiar with this prank this time of year,” Huntley said. Mitchell Byars: 303-473-1329, byarsm@dailycamera.com or...

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Press Release from Business Wire : SKF

By on Mar 30, 2016 in Press Release |

GOTHENBURG, (BSW) – SKF (STO:SKFB) (STO:SKFA) (Pink Sheets:SKFRY) (LSE:SKFB) SKF today announces the opening of a newly-built sealing solutions factory in Zapopan, Mexico. The new facility is located near the Group’s existing sealing solutions factory in Guadalajara, allowing for continued expansion of production, predominantly for automotive original equipment manufacturers in North America. Stephane Le Mounier, President, Automotive and Aerospace, says: “Our expansion in Mexico enables us to continue to develop our seals business across North America. Combining modern manufacturing technologies with our existing logistics infrastructure in the region will both contribute to improved production efficiency and service levels for our customers.” The investment in Zapopan is part of the Group’s ongoing efforts to better utilise its manufacturing assets. Production at the new factory will be ramping up during the coming six months. Concurrently, production will be transferred from the Group’s factory in Hobart, Oklahoma, which is in the process of being closed. In-line with the Group’s ambitions to reduce the environmental impact of its operations, the new factory will be LEED certified. Aktiebolaget SKF (publ) SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2015 were SEK 75 997 million and the number of employees was 46 635.www.skf.com ® SKF is a registered trademark of the SKF Group. This information was brought to you by Cisionhttp://news.cision.com Contact SKF PRESS: Theo Kjellberg Director, Press Relations tel: 46 31 337 6576 mobile: 46 725-776576 e-mail:theo.kjellberg@skf.com or INVESTOR RELATIONS: Patrik Stenberg Head of Investor Relations 46 31-337 2104 46 705-472 104 patrik.stenberg@skf.com This material is not an AFP editorial material and AFP shall not bear responsability for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person mentioned in the text of the release. End of the Business Wire’s Press...

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Press Release from Business Wire : RMB Capital

By on Mar 30, 2016 in Press Release |

CHICAGO, (BSW) – Chicago-basedRMB Capital(“RMB”), an independent financial services firm with more than $4.3 billion in assets under management, announced today that Egor Rybakov, CFA, has joined RMB Asset Management as a senior vice president and portfolio manager. Rybakov brings to RMB the investment process he has honed for the past two decades—screening the universe of international equities to uncover mispriced quality companies expected to create long-term value. With the addition of Rybakov, RMB will ultimately be able to offer a variety of new international and global strategies—the first being a concentrated portfolio of non-U.S. companies across the market-cap spectrum. “Bringing Egor on board is an exciting and meaningful development,” said Chris Graff, partner and director of RMB Asset Management. “His research experience, fundamental approach, and focused investment process further expand our firm’s stock-picking capabilities. We now cover the globe.” Adds Rybakov, “I’m very happy to be joining a dynamic and growing investment group whose approach and philosophy are so closely aligned with mine. Throughout my career, I have focused on discovering mispriced quality companies with durable operations, strong financials, and prudent management teams. Such businesses typically outperform over the long term. My disciplined and time-tested investment process balances pursuit for future value creation with downside protection, offering opportunities for savvy investors to gain exposure to international markets in a prudent manner.” Prior to joining RMB, Rybakov was senior vice president and portfolio manager at Keeley Asset Management’s global equities practice. Previously, he held international equity portfolio management and research positions at a number of firms, including ENR Investments, Principal Global Investors/EDGE AM, affiliates of Nuveen Investments – Tradewinds Global Investors SBAM, as well as Thornburg Investment Management. Rybakov holds a bachelor’s degree in economics and management from the Moscow State University (MGU) and an MBA with concentrations in finance and accounting from The University of Illinois at Chicago. He is based in Newport Beach, Calif., where RMB has established a satellite office. ABOUT RMB ASSET MANAGEMENT For both individual and institutional investors, RMB Asset Management offers fixed income, equity, and alternative investment strategies run by highly experienced portfolio managers. Underpinning the team’s long-term investment approach is a deep commitment to fundamental research, concentration within portfolios, and risk management....

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Hedge Funds Settle Press Release Hacking Claims for $18M

By on Mar 29, 2016 in Press Release |

A Moscow-based hedge fund manager, his investment firms and two Paris-based funds have agreed to pay nearly $18 million to resolve a U.S. regulator’s claims that they engaged in insider trading using hacked press releases from newswire services. The U.S. Securities and Exchange Commission disclosed the deal with David Amaryan and his funds and the separate accord with Guibor SA and Omega 26 Investments Ltd in France in papers filed in federal court in Newark, New Jersey, on Thursday. They were among 43 defendants sued by the SEC since August in connection with what it says was the theft of more than 150,000 press releases from Business Wire, Marketwired and PR Newswire before the corporate news became public. The SEC said the scheme resulted in more than $100 million of illegal profit over a roughly five-year period. Three men have pleaded guilty in related criminal proceedings. Amaryan, a Moscow resident, and investment firms Copperstone Alpha Fund, Copperstone Capital, Ocean Prime Inc. and Intertrade Pacific SA earned $8.1 million through the scheme, while Guibor and Omega 26 made $6.6 million, the SEC said. As part of the settlement, the SEC said Amaryan and his companies agreed to pay $10 million. Guibor and Omega 26, both of which are proprietary trading funds and share an owner, agreed to pay $4.2 million and $3.72 million, respectively. The defendants neither admitted nor denied wrongdoing as part of the settlements. Their lawyers declined comment on Friday. Authorities have said the scheme centered on the theft by Ukraine hackers Oleksandr Ieremenko and Ivan Turchynov of press releases from the three newswire services from February 2010 to August 2015. Traders, including many with ties to Russia, allegedly gave the hackers “shopping lists” of releases they wanted to see in advance, including quarterly results of public companies. Prior SEC settlements in the case include a $4.2 million deal in February with Ukrainian-based Concorde Bermuda Ltd and a $30 million accord in September with Ukrainian-based Jaspen Capital Partners Ltd and its principal, Andriy Supranonok. The traders who have pleaded guilty include Arkadiy Dubovoy, Igor Dubovoy and Alexander Garkusha, all of whom are from Alpharetta, Georgia, a suburb of Atlanta. The case is SEC v. Dubovoy et al, U.S....

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