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$3.3m power plant turned on JACK MONTGOMERIE

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Infratec Renewables’ completed 960-kilowatt solar panel plant in Rarotonga.

A South Canterbury company’s subsidiary has switched on a $3.3 million Cook Islands solar power plant.

Cook Islands Prime Minister Henry Puna opened Netcon subsidiary Infratec Renewables’ 960-kilowatt Te Mana o Te Ra plant in Rarotonga on Monday.

The country aims to produce 50 per cent of its electricity from renewable sources by next year, rising to 100 per cent by 2020. The panels Infratec installed are expected to produce about 5 per cent of the Cook Islands’ electricity.

Infratec general manager Peter Apperley said the project had been a huge collaborative effort between New Zealand and the Cook Islands.

Site manager Tony Scott and 10 Rarotongan workers installed the panels next to Rarotonga International Airport. They will be owned and operated by Cook Islands electricity company Te Aponga Uira.

New Zealand’s Ministry of Foreign Affairs and Trade paid for the power plant and High Commissioner Joanna Kempkers said the project had been completed on time and on budget.

Netcon parent company Alpine Energy’s chief executive Andrew Tombs said Alpine remained interested in the development of solar power.

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Solar panels light up the Cook Islands

The Australian Taxation Office ruled in August that Bitcoin, which trades uses mathematical code, is a commodity, not a currency and people who transact using Bitcoins will have to pay goods-and-services tax on the Australian dollar value of the transaction. Photo: Jim Urquhart

The hype around digital currency Bitcoins continues to defy the expectations of investment professionals as another Australian-based exchange opens today, promising to give investors faster trading access than ever before.

Bitcoin company, Independent Reserve, has launched the country’s newest exchange, based in Sydney. It is understood there are now two in Australia.

Unlike the two main Australian-based stock exchanges, Independent Reserve is not regulated by the Australian Securities and Investments Commission, which means the company has had to take investor protection into their own hands.

“Price Waterhouse Coppers are auditing all of our finances,” said the company’s chief executive Adam Tepper.

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“We are trying to mitigate risks to ensure people think their money is safe and secure. We have done everything we could possibly do to minimise risk to our clients,” he said.

The Australian Taxation Office ruled in August that Bitcoin, which trades uses mathematical code, is a commodity, not a currency and people who transact using Bitcoins will have to pay goods-and-services tax on the Australian dollar value of the transaction.

Independent Reserve said it will not charge GST on the funds sold through its exchange.

Wild fluctuations in the price of a Bitcoin – which is currently trading at $US380 and was once as high as $US1000 – as well as heightened level of risk and lack of formal regulation are often cited by professional investors as the reasons why they will not invest in the digital currency.

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New Bitcoin exchange launches in Sydney

U.S. pharmaceutical company AbbVie said it was reconsidering its $55 billion takeover of Shire in the wake of U.S. government moves to curb deals designed to cut tax, wiping $13 billion off the London-listed firm’s stock price.

Chicago-based AbbVie said late on Tuesday it was responding to the U.S. proposals which aim to make it harder for American firms to shift their tax bases out of the U.S. and into lower cost jurisdictions in Europe.

AbbVie’s move for Shire, a leader in drugs to treat attention deficit hyperactivity disorder (ADHD) and rare diseases, was announced in July amid a spate of similar takeover deals within the U.S. and European pharmaceutical sector.

It proposed creating a new U.S.-listed holding company with a tax domicile in Britain, which applies low tax rates to patent income and has passed laws that make it easy for companies to shift profits into tax havens.

The news hammered shares in Shire, sending them down 27 percent, back to where they were before the deal talks emerged in June.

Shares in larger rival AstraZeneca, which had rebuffed its own takeover deal by U.S. group Pfizer fell 4 percent while replacement knees and hips maker Smith & Nephew, which had also been touted as a target, slipped 3 percent.

AbbVie’s move wrongfooted Shire investors, coming just weeks after AbbVie chief executive Richard Gonzalez, in the wake of the Treasury proposals, told employees of both companies he was “more energized than ever” about the deal.

Also tax advisers had said the Treasury measures were unlikely to significantly impact most inversion deals.

Although the new rules will make some deals costlier and others more difficult, fast-food chain Burger King Worldwide Inc said it will proceed with its $11.5 billion transaction with Canada’s Tim Hortons Inc.

Gonzalez had said Shire’s appeal stretched far beyond its tax domicile, pointing to its portfolio of drugs, some of which command prices of hundreds of thousands of pounds for an annual course of treatment, and its pipeline.

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AbbVie Cools on $55B Shire Deal After U.S. Tax Changes

Oct 102014

Sports News of Friday, 10 October 2014

Source: sportscrusader.com

Dr. Emmanuel Owusu-Ansah, former Chief Executive of the National Sports Authority (NSA) has called on the Ministry of Youth and Sports to appoint Magnus Rex Danwuah Chief Operating Officer of the Ghana 2008 Africa Cup of Nations as the Director-General of the NSA.

He said in an interview that, though Rex Danquah, has been playing a consultancy role for the Ministry of Youth and Sports, he will be the best person to manage affairs of the NSA taking into consideration his track record.

According to Dr. Owusu-Ansah, the former COO of Ghana 2008 is visionary, hardworking and aggressive when it comes to implementation of sports policies and strategies.

The former Chief Executive of the NSA, said the current leadership of NSA is weak and lacks the requisite knowledge to change the dwindling fortunes of the NSA.

Dr. Owusu-Ansah, who resigned recently as the Director of the Sports Directorate of the University of Ghana, said, Rex Danquah, will within two years change the face of the NSA and sports in Ghana.

He urged the Ministry of Youth and Sports to consider offering him the job in the near future since he has the magic wand to turn things around.

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Give NSA to Rex Danquah Former CEO



Liberty Living's CEO, Charles Marshall takes on the Ice Bucket Challenge
Liberty Living's CEO, Charles Marshall has taken on the charity ice bucket challenge craze, having been challenged by Mark Allan, Chief Executive of Unite Students. As our students from UCL,…

By: LibertyLivingStudent

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Liberty Living’s CEO, Charles Marshall takes on the Ice Bucket Challenge – Video

Osiris Therapeutics, Inc. , the leading cellular regenerative medicine company focused on developing and marketing products to treat conditions in wound care, orthopedics and sports medicine markets, announced today that Lode Debrabandere, Ph.D., President and Chief Executive Officer, is scheduled to present at the Stem Cell Meeting on the Mesa, on Tuesday, October 7, 2014 at 5:15 p.m.

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Osiris Therapeutics to Present at the 2014 Stem Cell Meeting on the Mesa

Three new restaurants have agreements to locate at the $350 million Liberty Center development in Liberty Township, Columbus-based Steiner + Associates said Tuesday.

Brio Tuscan Grille, Cheesecake Factory, and Kona Grill are expected to join Pies & Pints at the mixed-use project near Liberty Way and Interstate 75. Pie & Pints signed a lease in March to locate at Liberty Center. The restaurants are expected to open in fall 2015.

The company has already announced it has agreements with retailers Dillard’s and Dick’s Sporting Goods, Cobb Theatres’ CinBistro, and a 130-room AC Hotels by Marriott to locate at Liberty Center.

Site construction at Liberty Center began earlier this year. Steiner is co-developing the retail portion of the site with Bucksbaum Retail Properties of Chicago.

Yaromir Steiner, chief executive officer of Steiner + Associates, said he expects a dozen restaurants to operate at Liberty Center, filling about 62,000 square feet of the project’s initial phase. The project is envisioned as a 1.1-million-square-foot destination.

Brio, Cheesecake Factory and Kona Grill will have outdoor dining patios similar to those at Columbus’ Easton Town Center, which Steiner also developed.

Cheesecake Factory is opening its second Cincinnati-area location after landing in Sycamore Township at Kenwood Towne Centre 10 years ago. Liberty Township will be Kona Grill’s second Ohio location. Kona Grill has 27 restaurants in 17 states and the first Ohio location will open this fall at Easton Towne Center.

“We are pleased to welcome these four distinctive restaurants to Liberty Center to create an exciting and diverse dining experience for our guests,” Steiner said.

Some of Brio Tuscan Grille’s most successful locations are in other Steiner developments, said Saed Mohseni, president and chief executive of Brio Tuscan Grille. Mohseni said the restaurant company wants to locate in the top retail centers within a market and Liberty Center in Southwest Ohio offered that potential.

Kona Grill offers “an upscale contemporary ambiance” featuring American food and appetizers and entrees with an international influence including a selection of sushi.

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Liberty Center getting more new restaurants

Vodafone Group Plc (VOD) Chief Executive Officer Vittorio Colao, asked today whether John Malones Liberty Global Plc (LBTYA) might be a good fit for the U.K. wireless carrier, said he would consider it for the right price.

Colao made the comments in a brief interview with Bloomberg News after making a presentation to investors at a conference organized by Goldman Sachs Group Inc. in New York. Goldman analyst Tim Boddy, citing the closed-door presentation, said in a note that Vodafone may consider a transformational M&A deal in the longer term.

Vodafone, the second-largest mobile-phone carrier by subscribers, spent the past two years acquiring cable and broadband providers in Germany and Spain to help stem declining wireless service revenue. That has put more pressure on Liberty Global, which owns cable assets in Vodafones European markets including Germany, the U.K. and the Netherlands.

Liberty Global jumped 4.2 percent to $43.86 at the close today in New York, the biggest gain since February. The London-based company ended the day with a market value of $33.2 billion. Including debt, the cable companys enterprise value is almost $74 billion, according to data compiled by Bloomberg. Vodafone, based in Newbury, England, fell as much as 2.7 percent. It closed 0.8 percent lower at 203.45 pence in London, valuing the carrier at 53.9 billion pounds ($87.5 billion).

Vodafone Group Plc Chief Executive Officer Vittorio Colao. Close

Vodafone Group Plc Chief Executive Officer Vittorio Colao.

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Vodafone Group Plc Chief Executive Officer Vittorio Colao.

Marcus Smith, a Liberty Global spokesman, declined to comment.

As more consumers download and watch videos on smartphones and tablets, putting strain on carriers networks, Vodafone is adding faster mobile technology and broadband Internet lines — spending a total of 19 billion pounds through March 2016 — in a network-improvement plan called Project Spring. The investment is funded with cash from the sale of its stake in Verizon Wireless for $130 billion.

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Vodafone CEO Says Liberty May Be Good Fit for Right Price

BioTime, Inc. , a biotechnology company that develops and markets products in the field of regenerative medicine, today announced that Chief Executive Officer Michael D.

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BioTime CEO Dr. Michael D. West to Present at Rodman & Renshaw 16th Annual Healthcare Conference

Bitcoin Shop, Inc. , the virtual currency ecommerce marketplace http://www.bitcoinshop.us, today announced that Chief Executive Officer Charles Allen will be a panelist at the 3rd Annual Credit Suisse Future …

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Bitcoin Shop to Present at the 3rd Annual Credit Suisse Future of Payments & Commerce Conference

A center that focuses on heroes of freedom said Tuesday that two Nobel Peace Prize winners, Lech Walesa of Poland and the late Nelson Mandela of South Africa, will be honored with awards.

The National Underground Railroad Freedom Center said the two have been named International Freedom Conductors, with their awards to be presented Aug. 23 in Cincinnati.

The center said Mandela’s great-grandson and representatives of the Nelson Mandela Foundation will accept the award for the anti-apartheid leader and South African president, who died Dec. 5 at age 95.

Walesa, the leader of Poland’s Solidarity movement that challenged communism in the 1980s before he became the country’s president, plans to attend the celebration that will be part of the center’s 10th anniversary.

The award is “a great honor for an electrician and revolutionary from Gdansk,” Walesa said in a statement. “This honor, however, also awards all those who joined in the non-violent revolution over 30 years ago.”

The Nelson Mandela Foundation’s chief executive, Sello Hatang, said it is pleased to accept on behalf of Mandela, “whose legacy for freedom and social justice inspires us to continue his long walk.”

Previous winners have included Archbishop Desmond Tutu, the Dalai Lama and civil rights icon Rosa Parks.

The center focuses on heroes of freedom including those who helped 19th century escaping slaves.

“The National Underground Railroad Freedom Center is humbled to honor two revolutionary freedom fighters who truly changed the faces of their nations,” center president Clarence Newsome said in a statement. “And much like the freedom conductors of the Underground Railroad, the legacy of their lives’ work continues to inspire us today.”

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Freedom Center to honor Walesa, Mandela

Histogenics Corporation, a regenerative medicine company focused on developing and commercializing products in the musculoskeletal space, today announced the appointment of Adam Gridley to President and Chief Executive Officer and as a member of the Companys Board of Directors.

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Histogenics Announces Appointment of Adam Gridley to President and Chief Executive Officer

Liberty Media Corp. said Thursday it plans to spinoff its cable-business holdings into a new publicly traded company, called Liberty Broadband.

The new entity will be spun off to Liberty Media shareholders by the end of the year and be comprised of Liberty Media’s roughly 26 percent stake in Charter Communications Inc., a minority investment in Time Warner Cable Inc. and a mobile subsidiary called TruePosition.

Greg Maffei, Liberty Media’s chief executive, said the company believes making the split will create greater choice and transparency for investors and is timed in part to Charter’s recent agreement with Comcast Corp., which will result in Charter gaining millions of new video subscribers.

Douglas County-based Liberty Media, which is controlled by cable pioneer John Malone, also reported its first-quarter results Thursday, posting higher operating profit for the period.

Liberty Media posted an operating profit of $155 million, versus $151 million in the year-earlier period. Revenue improved 28 percent to $1.01 billion, compared with analysts” expectations of $1.05 billion.

Liberty Interactive Corp., another company controlled by Malone, said its quarterly revenue edged up, driven by its QVC home-shopping network.

Liberty Interactive has sharpened its focus on QVC, as well as its e-commerce businesses. The company said in October that it would reorganize its tracking stocks to create new holdings called QVC Group and Liberty TripAdvisor Holdings.

Liberty Interactive posted an operating profit for the quarter of $244 million, down from $260 million in the prior-year period. Revenue rose 0.5 percent to $2.45 billion. Analysts polled by Thomson Reuters projected $2.52 billion.

QVC-Liberty Interactive’s largest business-posted 0.6 percent higher revenue. Revenue at Liberty Interactive’s e-commerce business edged up 0.2 percent.

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Liberty Media to spin off cable businesses

Such interest in bitcoin shows how Wall Street could seek to reap benefits touted by bitcoins backers without using the virtual currency itself.

While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industrys back offices are looking at mimicking the virtual currencys methods of moving money quickly and cheaply.

FIS, a provider of systems used by banks to handle payments, is examining whether a public ledger like bitcoins could help securely move funds on existing networks, Fred Brothers, the firms chief innovation officer, said in an interview. Fiserv Inc. (FISV), a provider of technology for payments and accounts, is examining bitcoins use of encryption to ensure transfers are secure, said Marc West, a senior vice president.

Such interest shows how Wall Street could seek to reap benefits touted by bitcoins backers without using the virtual currency itself. Bitcoin, proposed by an anonymous programmer or programmers in 2008, has drawn entrepreneurs and retailers looking to popularize it as a low-cost alternative to established payment systems, supplanting credit cards to international wire transfers. Instead, a variety of financial firms might copy its underlying design to hone their own systems or services sold to clients.

Its safe to say that every bank is looking at whats going on with bitcoin and those types of technologies, said Steve Kenneally, a vice president at the American Bankers Association. Most of the larger banks are investigating it. The larger the banks, the further along they are.

Goldman Sachs Group Inc. analysts wrote in a March report that while bitcoins may not make a viable currency, the technology could hold promise. The software relies on a public record of transactions. When someone spends all or part of a bitcoin, the change in ownership is recorded by a global network of computers and posted to the register, ensuring individual units cant be simultaneously held or spent by multiple people. Operators of computers solving and verifying transactions are rewarded with new bitcoins for their work.

Bitcoins are valued at about $435 today, compared with prices of more than $1,100 in December and about $13 at the start of last year, according to CoinDesk, which tracks prices across key exchanges.

Bankers including JPMorgan Chase & Co. (JPM) Chief Executive Officer Dimon, 58, have predicted bitcoins probably wont last after governments subject them to rules and standards akin to those for other payment systems.

I wouldnt be surprised if its not around in 10 or 20 years, Buffett, the 83-year-old billionaire chairman and CEO of Berkshire Hathaway Inc. (BRK/A), told CNBC in March. It does not meet the test of a currency.

Buffetts long-time business partner, Charles Munger, was less charitable this week, telling Fox Business Network that calling bitcoins rat poison would understate his disdain.

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Bitcoin Breakthroughs Seen Copied by Banks Its Meant to Replace

Cryoport to showcase cryogenic logistics solutions with cloud-based logistics management platform, the Cryoportal, at Booth #29

LAKE FOREST, Calif. Cryoport, Inc. (OTCBB: CYRX) (“the Company”) today announced that it is exhibiting its cryogenic logistics solutions, equipped with its cloud-based logistics management platform, the Cryoportal, and its Cryoport Express Packaging Solutions at the 9(th) Annual World Stem Cells and Regenerative Medicine Congress 2014 in London on May 20-22, 2014, at Booth #29.

Cryoport’s Chief Executive Officer, Jerrell Shelton; Chief Commercial Officer, Steven Leatherman; and Commercial Director of EMEA, Soren Knudsen, will be available for partnering and networking sessions during the conference.

“We are experiencing significant interest and demand for our innovative cryogenic logistics solutions within this exciting and fast growing segment of the life science arena,” stated Mr. Leatherman. “Our cryogenic logistics solutions assure both our clients and their end-users that the integrity of the commodities shipped are appropriately maintained by providing unmatched transparency, thus offering peace of mind throughout the entire documented logistics process.”

Mr. Shelton added, “As the application of stem cells to regenerative medicine grows, the very face of medicine changes. Stem cell applications are broad and reach into multiple medical practices. We understand the challenges life science companies face in the frozen shipping of biologics and virtually eliminate the risks through our reliable and innovative logistics solutions.”

About The World Stem Cells and Regenerative Medicine Congress The World Stem Cells and Regenerative Medicine Congress 2014 is now in its 9th year and is Europe’s largest and most senior conference and business development event for the stem cell and cell therapy industry. The World Stem Cells and Regenerative Medicine Congress brings together biopharma leaders, stakeholders, influencers and end users looking for translational research, business development and commercialisation. It is a proven conference and exhibition that delivers the innovators, disruptors and influencers from across the complete value chain. For more information on the event, please visit http://www.terrapinn.com/conference/stem-cells/?utm_source=cryoport&utm_medium=pressrelease&utm_campaign=cryoport

About Cryoport, Inc. Cryoport provides leading-edge cryogenic logistics solutions to the life sciences industry through the combination of purpose-built proprietary packaging, information technology and specialized cold chain logistics expertise. Its competencies range from skilled, total turnkey management of the entire life sciences cold chain logistics process to complex total management solutions for outsourced cold chain logistics.

Its packaging, built around its Cryoport Express liquid nitrogen dry vapor shippers, is validated to maintain a constant -150C temperature for a 10-plus day dynamic shipment duration. Its information technology boast its Cryoportal Logistics Management Platform which manages the entire logistics process, including initial order input, document preparation, customs document preparation and clearance, integrator/courier management, shipment tracking, issue resolution, intervention, when necessary, and delivery. Cryoport uses recyclable and reusable components providing an environmentally friendly solution. Cryoport solutions can record the “chain of condition” and “chain of custody” for shipments thereby meeting the exacting requirements for scientific work and for regulatory purposes. For more information, visit http://www.cryoport.com.

Cryoport Contacts: Todd Fromer / Garth Russell tfromer@kcsa.com / grussell@kcsa.com P: 01-212-682-6300

Source Cryoport, Inc.

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Cryoport Sponsors the 9th Annual World Stem Cells and Regenerative Medicine Congress 2014 in …



Bitcoin exchange Mt Gox goes offline amid turmoil.
Bitcoin exchange Mt Gox goes offline amid turmoil. Questions swirled Tuesday about the future of embattled Bitcoin exchange Mt.Gox after reports that its chief executive had resigned from the…

By: Nathan Creswell

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Bitcoin exchange Mt Gox goes offline amid turmoil. – Video

BioTime, Inc. , a biotechnology company that develops and markets products in the field of regenerative medicine, today announced that Chief Executive Officer Michael D.

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BioTime to Present at GTC Stem Cell Summit 2014

BioTime, Inc. , a biotechnology company that develops and markets products in the field of regenerative medicine, today announced that Chief Executive Officer Michael D.

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BioTime to Present at 13th Annual Needham Healthcare Conference

Since New Jersey legalized Internet gambling in November, offshore operators have intensified efforts to entice gamblers in the state to their unauthorized sites, according to an executive at one of the companies authorized to offer online gambling.

“There’s increased activity by offshore operators again into New Jersey, driving heavy promotions. There’s new companies coming now who are actually trying to capitalize on that opportunity,” Norbert Teufelberger, chief executive of Bwin.Party Digital Entertainment P.L.C., said in a March conference call with investors.

“It’s quite amazing how high the criminal energy can be, but we are quite confident that the [Division of Gaming Enforcement] will shut that down quite efficiently and soon,” said Teufelberger, whose Gibraltar firm is partnered with Borgata in New Jersey.

The state Division of Gaming Enforcement confirmed it was “aware of this issue and is taking steps to coordinate an appropriate response to this illegal activity,” said Kerry Langan, a spokeswoman.

Asked for details, Langan said only that “the illegal activity is offshore companies offering online gaming to New Jersey residents without licensing or approval” by authorities.

John Shepherd, a spokesman for Bwin.Party, said Friday the federal Unlawful Internet Gambling Enforcement Act of 2006 did not stop all overseas companies from allowing people in the United States to gamble online.

“It’s only companies like ourselves that switched off,” Shepherd said.

The legalization of Internet gambling in New Jersey made people aware they could play poker and other casino games online, Shepherd said.

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Unauthorized sites said trying to entice legal online gamblers in N.J.

BioTime, Inc. , a biotechnology company that develops and markets products in the field of regenerative medicine, today announced that Chief Executive Officer Michael D.

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BioTime To Present at Regen Med Investor Day March 26 in New York



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