Tag Archives: Norway

Why Premier Oil, Quindell Portfolio, and Gooch & Housego Beat the FTSE 100 Today

By Alan Oscroft, The Motley Fool

Filed under:

LONDON — The FTSE 100 started the week off on the right foot, gaining 0.43% to close at 6,277 points. There isn’t any real news behind the modest rise, which has been boosted by a mild recovery in some mining shares, but poor U.S. jobs news from last Friday is causing some pessimism.

But even if things are looking a little gloomy, there are plenty of individual companies prospering. Here are three whose shares were on the up today.

Premier Oil
Premier Oil shares picked up 6.1% today to reach 385 pence after the oil explorer announced a new discovery in the North Sea off Norway. Premier has a 30% stake in the Luno II prospect, and the 16/4-6S well in the area has hit a “potentially significant oil discovery” with a gross oil column in excess of 40 meters. Tests will now be conducted to check for flow potential.

Premier Oil shares have picked up nicely since the start of the year, with the firm reporting record full-year earnings of $252 million last month. And shareholders are in for a dividend of 5 pence per share — their first since 1997.

Quindell
A first-quarter update from Quindell Portfolio sent the firm’s shares up a further 1.9% to 13.5 pence today, topping a nice start to April for the software specialist. Quindell, which provides software and outsourcing services to a number of sectors including telecoms and insurance, told us that it has achieved more than 25 million pounds in EBITDA in the three months to March and that margins are better than expected.

The company says it is on track to meet full-year expectations, which suggests that we should see a better-than-doubling of earnings per share, putting the shares on a forward P/E of around 10. Growth bargain? Could be.

Gooch & Housego
Shares in optical-components specialist Gooch & Housego have done well over the past month, and they gained a further 3.4% to 455 pence today after a first-half trading update told us the firm’s order book now stands at 29.6 million pounds, up 19% from the start of the year.

The U.S. aerospace and defense market has been tough, but Gooch & Housego has won orders from European customers in the same industry and has strengthened its Asian presence by starting up a Japanese subsidiary and expanding in Singapore and China. Trading so far is “in line with expectations.”

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The article Why Premier Oil, …read more

Source: FULL ARTICLE at DailyFinance

Matisse in Norwegian museum was once Nazi loot

The family of a prominent Parisian art dealer is demanding that a Norwegian museum return an Henri Matisse painting seized by Nazis under the direction of Hermann Goering, in the latest dispute over art stolen from Jews during World War II.

The painting at the center of the dispute, Matisse’s 1937 “Blue Dress in a Yellow Armchair,” depicts a woman sitting in a living room. It has been among the highlights of the Henie Onstad Art Center near Oslo since the museum was established in 1968 through a donation by wealthy art collector Niels Onstad and his wife, Olympic figure-skating champion Sonja Henie.

Museum Director Tone Hansen said it had been unaware the painting was stolen by the Nazis until it was notified in 2012 by the London-based Art Loss Register, which tracks lost and stolen paintings.

She said Onstad bought the painting in “good faith” from the Galerie Henri Benezit in Paris in 1950. The Benezit gallery “has no record of collaborating with the Nazis, as many galleries did,” she said in an interview.

Although the war ended almost 70 years ago, disputes over looted art have become increasingly common in recent years, in part because many records were lost, and in part because an international accord on returning such art was only struck in 1998.

But the case of the Matisse is somewhat different in that its former owner, Paul Rosenberg, was one of the most prominent art dealers in Paris before the war, which he survived by fleeing to New York. Art Loss Register Director Chris Marinello said the records in this case are unusually clear.

According to a biography published by New York‘s Museum of Modern Art, Rosenberg was one of the preeminent modern art dealers of his day, and personal friends with Picasso and Matisse, among others.

Art Registry documents show he purchased “Blue Dress” directly from the painter, having noted the purchase in 1937 and put it on display in the same year, Marinello said. After the war, Rosenberg re-established his business and sought to recover more than 400 works that had been taken by the Nazis.

Marinello showed The Associated Press documents that name the piece now on display in Norway as among those missing after the war.

He slammed the Henie Onstad art museum for “stonewalling.”

“The evidence is overwhelming. They just don’t want to resolve this,” he said.

Paul Rosenberg died in 1959. His family has remained prominent, as his son Alexandre was a war hero and later began his own art dealership.

Among surviving family descendants are Anne Sinclair, the French journalist and ex-wife of former International Monetary Fund chief Dominique Strauss Kahn.

Another granddaughter, American lawyer Marianne Rosenberg, said Friday she didn’t wish to antagonize the museum, but hoped that it would come to realize that it is wrong in every sense of the term.

The paintings seized from Paul Rosenberg and other Jewish victims of Nazi aggression were taken “under difficult conditions, in a cruel and unfair situation,” she said in a telephone interview from her office in New York. “We honor …read more

Source: FULL ARTICLE at Fox World News

Just Who Do You Think You Are?

By Bill Mann, Motley Fool Asset Management

Filed under:

The following commentary was originally posted on

FoolFunds.com

, the website of Motley Fool Asset Management, LLC, on March 12. With permission, we’re reproducing it here in slightly edited form.

I don’t want the world. I just want your half. — They Might Be Giants

Honest, I’m not going out of my way to make fun of the French. And it should be noted that France is far from alone in its conflicted philosophy toward capital. On certain levels, every country on Earth has policies in place that punish the very capital that makes their countries’ economies tick. It’s just that the French are just so … French about it.

Dang it! I did it again.

There are people who believe that labor makes the world go round, that it has primacy over capital. It’s compelling, and perhaps slightly more romantic, to have this view of the world. But let’s do a little thought test. There are countries that have plenty of labor and very little capital. Others have the opposite condition, of plenty of capital and scarce labor. In the first group are places like North Korea, Sudan, and Venezuela. In the latter are Qatar, Singapore, and Norway. So I’m not saying that labor is worthless — far, far from it — but capital is the primary driver of economic development.

Ultimately, economics don’t operate based upon the beliefs of the majority, or of those in power. Economics operate on inputs and incentives, and at the center of the economic world is capital.

Politics vs. capital
Politics is the opposite, which is bad news for capital in places where its primacy isn’t necessarily appreciated. Unfortunately, economics also isn’t a very good science, because it’s impossible to generate precise repetition of results. Which means that it is really, really easy to do things like compare economic outputs between different presidential terms, but just as easy for many people to forget that most of those comparisons don’t mean a blessed thing, because so many of the inputting factors were entirely different. Political expediency demands that such subtleties be ignored, which is why it ought to be perfectly acceptable to stick your fingers in your ears and scream “LALALALALALA!” whenever a politician attempts to discuss economics.

Here’s the thing about the conflict between capital and politics. Politics wins nearly every single battle between the two. Yet because capital is fungible, capital always wins the war. When capital isn’t respected, it leaves. That which cannot leave, molders.

It’s a simple matter. Mistreat capital and it will go elsewhere. And “elsewhere capital” means that your assets will command lower multiples. You can see this principle in action every time a CEO of a public company steps down or gets the boot and the …read more

Source: FULL ARTICLE at DailyFinance

Diamond Offshore Sparkles in the Deepwater

By David Lee Smith, The Motley Fool

Filed under:

You know about the tremendous increases in hydrocarbons production that have been generated onshore in just the past few years in the primary U.S. oil-centric unconventional plays. I’m referring primarily to the prolific Eagle Ford of south Texas, North Dakota’s Bakken/Three Forks, and the rejuvenated Permian Basin, which essentially straddles the lower border between Texas and New Mexico.

Nevertheless, it’s likely that in the future, the biggest discoveries of black gold will occur in progressively deeper offshore waters. I’m referring to the likes of the Gulf of Mexico — which was once thought to be on the road to depletion — Brazil‘s Santos Basin, the Cuanza Basin offshore Angola, the South China Sea, and potentially the Kara Sea of the Russian Arctic.

The offshore energy opportunities
From the perspective of how to play this expanding trend, there are a number of international oil companies that might fit the bill. For instance, unless the Russians return to their devious ways, ExxonMobil will operate in the Kara and Black seas through a newly hatched joint venture with state-controlled Rosneft.

And there’s very little drilling that occurs on our planet that doesn’t involve oilfield-services leader Schlumberger in some form or fashion. But from my perspective, it makes eminently good sense to become familiar with the deepwater drillers, such as Transocean and Diamond Offshore .

In the interest of full disclosure, I must admit to currently owning Transocean shares and to having served, as a wee lad, as a junior officer of a predecessor company of Diamond. So with those admissions as a backdrop, let’s take a quick gander at two of the world’s largest offshore drillers. Each has its own strengths, and, given the increasing tendency for oil and gas producers to splash around offshore, neither is likely to follow the fate of buggy-whip manufacturers during any of our lifetimes.

Transocean’s bevy of big rigs
Swiss-based Transocean is the largest of the deepwater drillers, with 82 rigs under its at least partial ownership and operation. Fully 27 of the units are classified as “ultra-deepwater,” meaning they’re capable of plying their trade in water depths of 7,500 feet or more. Another 14 are “deepwater” rigs, meaning that they typically operate between 4,500- and 7,500-foot depths. The rest of the fleet consists of harsh-environment rigs, midwater floaters, and jackups — both standard and high-specification types.

The company currently has at least five rigs working offshore Angola, Brazil, India, Malaysia, Nigeria, the North Sea, Norway, and the U.S. Gulf of Mexico. The last-mentioned locale leads the pack, with 15 busy Transocean rigs.

There are two issues regarding Transocean that bear monitoring by Fools thinking about investing in the company:

  • Transocean remains a defendant in a federal trial relating to the horrendous 2010 tragedy aboard its Deepwater Horizon rig in the Gulf of Mexico. The New Orleans trial will probably be followed by litigation precipitated by the Gulf states, claiming damages from the oil gusher …read more

    Source: FULL ARTICLE at DailyFinance

Are Scotland and England Headed for Divorce Court?

By David Lee Smith, The Motley Fool

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We may be about to enter a period of intrigue in Scotland comparable to the events that Shakespeare poured into “Macbeth”. Amid a push for increased autonomy for his country from England, Scottish First Minister Alex Salmond announced recently that Scotland will conduct a referendum in 18 months seeking to abolish its three-centuries-old union with the English.

It doesn’t take an intellect comparable to that of the Bard of Avon to conclude that the proposed separation is tied to oil and gas in the North Sea. The vast majority of British hydrocarbons emanate from waters closest to Scotland. Indeed, as Austin-based geopolitical consultants at Stratfor have noted, Scotland is responsible for fully “90% of British offshore oil production and more than half its offshore natural gas production. ”

A Scottish fortune looming?
Given that balance — or lack thereof — Salmond has said that, if separated from the other United Kingdom countries, Scotland could generate in excess of 50 billion pounds (about $76 billion) within five years. He also believes that the resulting tax revenue would permit the country to establish its own sovereign wealth funds, much as Norway has been able to accomplish from its own North Sea tax receipts.

But there are those who believe that the Scottish take on its likely proceeds may be excessive. For starters, past revenues from North Sea waters have been volatile, to say the least. As the 20th century came to an end, with crude prices hunkering around $10 per barrel, the country took in about 2.5 billion pounds in production-related taxes. And then, with that same black gold commanding up to $147 per barrel in 2008, the tax yield rose to nearly $13 billion pounds.

Dangerously dipping production
Trepidations exist in a number of quarters, however, about future North Sea production volumes. Unlike such venues as the U.S. Gulf of Mexico, Brazil, Angola, or Iraq, output from the waters surrounding the British Isles is sliding. From 2.7 million barrels a day in 2001, production from the sector tumbled to 1.5 million daily barrels in 2010. Further, British oil output in 2011 reached a low not seen since the 1970s.

None of this is to imply that asset trading and hydrocarbon discoveries by the producers have all but ceased in the North Sea. As recently as 2010, for example, Norway‘s Statoil uncovered the John Sverdrup field — which may contain 3.3 billion barrels of oil — in its country’s sector. And Apache appears to be perpetually shopping in North Sea waters. About a decade ago, it bought BP‘s Forties field. And in 2011, it paid $1.75 billion for ExxonMobil‘s North Sea assets, including the sizable Beryl field.

Both Apache acquisitions are in waters that would almost certainly be accorded to Scotland in the event of a separation from England. In November, Royal Dutch Shell boosted its stake in …read more
Source: FULL ARTICLE at DailyFinance

Airline Starts Charging Passengers by the Pound

By Matt Brownell

Filed under: , ,

Alamy

A Samoan Airline has become the first to link its airfare to passengers’ weight, charging heavier customers a higher ticket price.

The Sydney Morning Herald explains that passengers on Samoa Air, a small regional airline serving the Samoan islands in the South Pacific, are asked to punch in their body weight and the weight of their luggage when booking. Rates range from $1 (Australian) per kilogram on short flights to $4.16 per kilogram on longer ones between Samoa and American Samoa. Passengers and their luggage are weighed again when they get to the airport to make sure they weren’t fibbing.

“We at Samoa Air are keeping airfares fair, by charging our passengers only for what they weigh,” explains the airline’s website. “Your weight plus your baggage items, is what you pay for. Simple.”

In an interview with ABC Radio, the airline’s CEO likewise framed it as an issue of fairness, noting that “there are no extra fees in terms of excess baggage or anything – it is just a kilo is a kilo is a kilo.”

Kilos are an issue in Samoa, which has high rates of obesity. That said, it’s not just the obese who will find themselves paying more for their flight. Since this is strictly about saving money on fuel, only weight matters, which means that a tall, well-built passenger will still wind up paying more just by virtue of being bigger. So Samoa Air‘s claim that “you decide how much (or little) your ticket will cost” isn’t exactly correct.

Could such a scheme come to the U.S.?

Sponsored Linksadsonar_placementId=1505951;adsonar_pid=1990767;adsonar_ps=-1;adsonar_zw=242;adsonar_zh=252;adsonar_jv=’ads.tw.adsonar.com’;

Samoa Air is a unique case — it operates smaller aircraft in a country with particularly heavy people, so passenger weight and its impact on fuel efficiency is a big concern. But weight is an issue for large American airlines as well, as evidenced by the big fees they charge for carry-on luggage. And over the last few years we’ve seen several controversies pop up regarding very large travelers — Southwest, for instance, was sued for telling an obese passenger that she had to buy two seats.

Despite this, we’re skeptical that pay-by-the-pound airline tickets could catch on in the U.S.; while extra fees are commonplace and travelers have become accustomed to being poked and prodded by airport security, being weighed like a stack of bologna at the deli counter might be a step too far. However, at least one economist thinks that charging passengers by wieght is a good idea. Last fall, Bharat P. Bhatta, a professor of economics at Sogn og Fjordane University College in Norway, looked at pay-by-weight airfare pricing and concluded that “the model can be technically and economically feasible to implement and its proper implementation may provide significant benefits to airlines, passengers and society at large.” He does concede, though, that “the nature …read more
Source: FULL ARTICLE at DailyFinance

New Vulcan: Reborn – Star Trek Competition

To celebrate the launch of Star Trek: The Video Game, we’re giving you the opportunity to help settle the Vulcan home world. If you remember, in J.J. Abrams’s 2009 movie Nero destroyed Spock’s planet leaving a once-great civilisation without a planet.

You won’t have to travel far, though – the game can play directly in your browser. And if you’re over 18 years old (19 in Canada), and live in SwedenCanada (excluding Quebec), US (excluding the states of New York and Florida), UK, Germany or Norway you stand a chance of winning some awesome prizes. If you live elsewhere, you won’t be eligible to win but can still enjoy the game.

Continue reading…

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Source: FULL ARTICLE at IGN Video Games

Which came first the head or the brain?

(Phys.org) —A fundamental question in the evolution of animal body plans, is where did the head come from? In animals with a clear axis of right-left symmetry, the bilaterians, the head is where the brain is, at the anterior pole of the body. Little is known about the possible ancestor of bilaterians. Fortunately their sister group from that same progenitor, the cnidarians, can be studied in parallel today to give some clues. Cnidarians are creatures like jellyfish, hydra, and sea anemone which possess rudimentary nerve nets, but no clear brain. They all have just a single orifice to the external world, which basically does it all. In a recent paper published in PLOS Biology, researchers from the University of Bergen in Norway compared gene expression patterns in sea anemone (Nematostella vectensis, Nv) with that from a variety of bilaterian animals. They found that the head-forming region of bilaterians is actually derived from the aboral, the opposite-oral, side of the ancestral body plan. …read more
Source: FULL ARTICLE at Phys.org

‘Lights Over Lapland’ VIDEO Captures Comet Pan-STARRS & Northern Lights

By The Huffington Post News Editors

By: Mike Wall
Published: 03/27/2013 12:05 PM EDT on SPACE.com

The northern lights and a bright comet dance together over the Scandinavian Arctic in a stunning new video.

Astrophotographer Chad Blakley captured the footage of Comet Pan-STARRS blazing amid dazzling green auroras on March 20, during a trip to Abisko National Park in northern Sweden.

“The auroras began as soon as the sun went down and continued to dance all night long,” Blakley told SPACE.com via email in a description of the comet and aurora video. “To say that we had an incredible night would be a huge understatement!”

Comet Pan-STARRS burns just above the horizon in the 80-second video, while the shifting green flames of Sweden‘s northern lights flicker above and around the icy wanderer. [See photos of Comet Pan-STARRS and the Northern Lights]

Blakely is not the only stargazer to catch a dazzling view of Comet Pan-STARRS and the northern lights. Astrophotographer Tommy Eliassen also captured the view from Norway when he photographed the comet on March 19. 

Eliassen’s photo shows the comet hovering over snow-covered mountains as the northern lights glow like a bright ribbon of green light. Eliassen said he captured the sight from Meløy, Nordland, in Norway.

The comet, which is officially known as C/2011 L4 (PANSTARRS), was discovered in June 2011 by astronomers using the Panoramic Survey Telescope and Rapid Response System telescope in Hawaii (hence the name). Researchers think this is Pan-STARRS’ first trip to the inner solar system from the distant, icy Oort Cloud.

Comet Pan-STARRS has been putting on a show in the Northern Hemisphere for much of March, shining just above the western horizon with naked-eye visibility. The comet made its closest approach to the sun on March 10 and is dimming now, but it’s still visible low in the western sky around sunset.

The comet is expected to have dimmed to the point that it is only visible through binoculars or small telescopes by the end of March.

The auroras — also known as the northern lights and southern lights — result when charged particles from the sun collide with molecules high in Earth’s atmosphere, generating a glow. They’re usually restricted to high latitudes because our planet’s magnetic field lines tend to funnel these particles toward the poles.

But powerful solar eruptions known as coronal mass ejections can supercharge the auroras, increasing their intensity and occasionally bringing them into view for people in more temperate climes. After a big CME in 1909, for example, auroras were visible in Singapore, which lies just north of the equator.

Follow Mike Wall on Twitter @michaeldwall. Follow us @SpacedotcomFacebook or Google+. Originally published on SPACE.com.

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Source: FULL ARTICLE at Huffington Post

Deutsche Bank Appointed as Successor Depositary Bank for the Level I American Depositary Receipt Pro

By Business Wirevia The Motley Fool

Filed under:

Deutsche Bank Appointed as Successor Depositary Bank for the Level I American Depositary Receipt Program of Petroleum Geo-Services ASA

NEW YORK & OSLO, Norway–(BUSINESS WIRE)– Deutsche Bank today announced its appointment as the successor depositary bank for the Level I American Depositary Receipt (ADR) program of Petroleum Geo-Services ASA (PGS).

PGS is a focused marine geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The Company’s MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. PGS operates on a worldwide basis with headquarters at Lysaker (Oslo) Norway, and with other regional centers in London, Houston and Singapore. The PGS share is listed on the Oslo stock exchange (OSE: PGS).*

Edwin Reyes, Head of Depositary Receipts at Deutsche Bank, said, “We welcome PGS to our depositary receipts platform. This notable mandate demonstrates Deutsche Bank‘s commitment to Norway and we are pleased to utilize our broad range of customized services to assist PGS in enhancing the visibility of its ADR program with the investor community.”

*Source: Petroleum Geo-Services ASA (March 2013)

About Deutsche Bank Trust & Securities Services

Deutsche Bank‘s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.

American Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche …read more
Source: FULL ARTICLE at DailyFinance

Luckiest 5-Year-Old Gets To Frolic With 14 German Shepherds (VIDEO)

By The Huffington Post News Editors

We’d like to introduce you to 5-year-old Pernille from Norway. She’s the queen of her own kingdom of floppy-eared, bushy tailed German Shepherds from the breeders at Kennel Finika.

Here she is with 14 (yep, count ’em) of the kennel’s finest at her command. Could anything look more like paradise than a little girl frolicking with dogs in a forest?

Check out the kennel’s Facebook page for more photos of puppies, prize-winning pooches and little Pernille with her pals.

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Source: FULL ARTICLE at Huffington Post

Norway killer denied furlough for mother's funeral

Norwegian media say prison authorities have rejected mass killer Anders Behring Breivik‘s request for a furlough to attend his mother’s funeral.

The 34-year-old, far-right fanatic, whose mother died Friday, was convicted of terrorism and premeditated murder in 2012 for killing 77 people and wounding hundreds in a bomb-and-gun rampage that stunned peaceful Norway a year earlier.

His laywer, Tord Jordet, told Norwegian news agency NTB that prison authorities on Tuesday decided to extend Breivik’s confinement in the maximum-security wing of Oslo’s Ila Prison, and rejected his request to attend the funeral.

Breivik would appeal the ruling, Jordet said.

Breivik is serving a 21-year sentence that can be extended for as long as he’s considered a menace to society.

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Source: FULL ARTICLE at Fox World News

New Musical Compares Norway Massacre to 9/11

By Neal Colgrass An upcoming British musical show will tackle the grim subject of Anders Breivik‘s 2011 massacre of 77 people, reports the Guardian . But after researching in Norway, David Greig opted to set his work, called The Events , in Scotland and not mention Breivik’s name. “Some people asked us not to write… …read more
Source: FULL ARTICLE at Newser – Great Finds

Norway mass murderer wants to attend mom's funeral

Norwegian mass murderer Anders Behring Breivik has said he would like to attend the funeral of his mother, his lawyer said Saturday.

Breivik and his mother Wenche Behring Breivik met earlier this month at Ila Prison where Breivik is being held, Tord Jordet said. She died Friday after a long illness, according to her lawyer Ragnhild Torgersen. She was 66.

“He was allowed to say goodbye. They both knew it would be the final meeting,” Jordet told The Associated Press. “I spoke to him this morning. He was grieving. It was very sad news to him. “

Breivik and Jordet also discussed whether the confessed mass murder would like to attend her funeral. “He would like to do so but it is up to the prison (board) to decide,” Jordet said.

The 34-year-old right-wing fanatic killed 77 people in twin attacks on July 22, 2011, in Norway‘s worst peacetime massacre. He detonated a car bomb outside government offices in Oslo killing eight people and then drove to the island of Utoya where he massacred 69 in a shooting spree at the summer camp of the governing Labor Party‘s youth wing.

Five years before the massacre, Breivik had moved back to live with his mother and ended all social contacts. His mother never attended Breivik’s 10-week trial for health reasons, but in a statement read in court she said Breivik had fabricated information.

Breivik and his mother had telephone contacts in recent months because she was not able to visit him in prison for health reasons, Jordet said.

“He told me they had completely opposite ideological views but they had a good mother and son relationship,” the lawyer said. “He regarded her as a good mother.”

Last year, the Oslo District Court found Breivik guilty of terrorism and premeditated murder for the attacks. He was given a 21-year prison sentence that can be extended if he’s considered a threat.

The self-styled anti-Muslim militant denied criminal guilt, saying he’s a commander of a resistance movement aiming to overthrow European governments and replace them with “patriotic” regimes that will deport Muslim immigrants. Police said they found no evidence of Breivik belonging to any such group.

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Source: FULL ARTICLE at Fox World News

Pre-Viking tunic found by glacier as warming aids archaeology

By BronxKnight

, A pre-Viking woollen tunic found beside a thawing glacier in south Norway shows how global warming is proving something of a boon for archaeology, scientists said on Thursday.

The greenish-brown, loose-fitting outer clothing – suitable for a person up to about 176 cms (5 ft 9 inches) tall – was found 2,000 metres (6,560 ft) above sea level on what may have been a Roman-era trade route in south Norway.

Carbon dating showed it was made around 300 AD….

Source:
Trust

Source URL:
http://www.trust.org/alertnet/news/pre-viking-tunic-found-by-glacier-as-warming-aids-archaeology

Date:
03-21-13

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Source: FULL ARTICLE at History News Network – George Mason University

ARIAD Announces That Iclusig™ (Ponatinib) Receives Positive CHMP Opinion for Approval in the Europea

By Business Wirevia The Motley Fool

Filed under:

ARIAD Announces That Iclusig™ (Ponatinib) Receives Positive CHMP Opinion for Approval in the European Union

CAMBRIDGE, Mass. & LAUSANNE, Switzerland–(BUSINESS WIRE)– ARIAD Pharmaceuticals, Inc. (NAS: ARIA) today announced that the Committee for Human Medicinal Products (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion on the marketing authorization application for Iclusig™ (ponatinib) for two indications:

  • The treatment of adult patients with chronic phase, accelerated phase or blast phase chronic myeloid leukaemia (CML) who are resistant to dasatinib or nilotinib; who are intolerant to dasatinib or nilotinib and for whom subsequent treatment with imatinib is not clinically appropriate; or who have the T315I mutation, or
  • The treatment of adult patients with Philadelphia-chromosome positive acute lymphoblastic leukaemia (Ph+ ALL) who are resistant to dasatinib; who are intolerant to dasatinib and for whom subsequent treatment with imatinib is not clinically appropriate; or who have the T315I mutation.

“The positive recommendation by the CHMP of Iclusig for use in CML and Ph+ALL provides a broad indication statement for Iclusig in resistant and intolerant patients with Philadelphia positive leukaemias, including many patients who have failed only one prior tyrosine kinase inhibitor,” stated Harvey J. Berger, M.D., chairman and chief executive officer of ARIAD. “We appreciate the substantial efforts of the CHMP in reaching this positive opinion so rapidly as a consequence of Iclusig’s accelerated assessment designation, and we look forward to the anticipated marketing authorization by the European Commission around mid-2013.”

Although Iclusig was studied in Ph+ ALL patients who were resistant or intolerant to dasatinib or nilotinib, nilotinib is not approved for the treatment of Ph+ ALL.

The CHMP granted ARIAD accelerated assessment for its review of the Iclusig marketing authorization application last summer. Accelerated assessment was introduced by the European Union in 2005. Its aim is to help speed access for patients to new medicines of major public-health interest. Companies can request accelerated assessment provided they are able to demonstrate that their product responds to an unmet medical need and is expected to have a major impact on medical practice.

The CHMP is a scientific committee composed of representatives from the 27-member states of the European Union (EU), and Iceland and Norway. The CHMP reviews medical product applications on their scientific and clinical merit and provides advice to the European Commission, which has the authority to approve medicines for the European …read more
Source: FULL ARTICLE at DailyFinance