By Matt Cantor Spanish police have nabbed a suspect in a cyberattack called the biggest in history . Authorities in Barcelona arrested a Dutch man known as “SK.” That’s Sven Olaf Kamphuis, the head of Cyberbunker, an organization opposed to spam-fighting group Spamhaus, a friend says. Kamphuis is “suspected of unprecedented heavy attacks” against…
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By Business Wirevia The Motley Fool
Filed under: Investing
Infonetics: LTE Market Nearly Doubling in 2013
CAMPBELL, Calif.–(BUSINESS WIRE)– Market research firm Infonetics Research released excerpts from its 4th quarter 2012 (4Q12) and year-end 2G, 3G, 4G Mobile Infrastructure and Subscribers report, which tracks 2G, 3G, LTE, and WiMAX network equipment and subscribers.
ANALYST NOTE
“The U.S., Japan, and South Korea have been fueling the engine with LTE, but weak activity in BRIC countries dragged the overall mobile infrastructure market in 2012,” notes Stéphane Téral, principal analyst for mobile infrastructure and carrier economics at Infonetics Research. “The good news, though, is that this year BRIC is coming back with some serious LTE spending.”
Téral adds: “We’re forecasting the LTE market to almost double in 2013, easily passing the $10-billion mark for the first time. Operators are in the midst of a second wave of LTE deployments, and LTE-Advanced is gearing for true 4G prime time, with NTT DOCOMO, SK telecom, and likely Russia’s Yota all planning launches this year.”
MOBILE INFRASTRUCTURE MARKET HIGHLIGHTS
By Business Wirevia The Motley Fool
Filed under: Investing
CB&I Announces Technology Award in Korea
THE WOODLANDS, Texas–(BUSINESS WIRE)– CB&I (NYS: CBI) announced today that it has been awarded a contract by SK gas, South Korea’s largest importer and distributor of liquefied petroleum gas (LPG), for the license and engineering design of a grassroots propane dehydrogenation (PDH) unit to be built in Ulsan, Korea. Startup is expected in 2016.
The unit will use the CATOFIN® dehydrogenation process from Lummus Technology to produce 600,000 metric tonnes per year of propylene. “We are pleased to be able to provide this cost-effective and reliable route to on-purpose propylene to meet SK gas’ plans to expand their product portfolio,” said Daniel McCarthy, president of CB&I’s Technology operating group. “This PDH unit will be the largest in Korea.”
Propylene is a building block used to produce a variety of products including plastics and solvents.
About CB&I
CB&I (NYS: CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. Drawing upon more than a century of experience and the expertise of approximately 50,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.
CB&I
Investors: Christi Thoms, +1 832-513-1200
Media: www.CBI.com
KEYWORDS: United States Asia Pacific North America South Korea Texas
INDUSTRY KEYWORDS:
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Investors previously rattled by the European sovereign debt crisis have gained confidence that governments and banks will survive, Nordea Bank AB’s (NDA.SK) chief executive said Tuesday. …read more
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Nordic lender Nordea Bank AB (NDA.SK) is planning a 250 million pound-minimum ($391.4 million), three-year floating-rate note, one of the banks running the deal said Thursday. …read more
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Swedish bank Svenska Handelsbanken AB (SHB-B.SK) said Wednesday its nomination committee is proposing the election of Anders Nyren as its new board chairman at the company’s annual meeting this year.
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Nordea AB (NDA.SK) has appointed Torsten Hagen Jorgensen as its chief financial officer, replacing Fredrik Rystedt who is leaving the Swedish bank, it said Wednesday.
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Swedish lender Swedbank AB (SWED-A.SK) said Wednesday its nomination committee has proposed Anders Sundstrom as new chairman.
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Swedish lender Svenska Handelsbanken (SHB-B.SK) has priced its recent offering of offshore yuan bonds at a coupon of 3.0%, a term sheet showed, and has attracted CNY2.5 billion ($402 million) worth of orders, a person familiar with the matter told Dow Jones Newswires Wednesday.
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