Tag Archives: Turkey

Tesco Prepares to Exit U.S. With Sale of Fresh & Easy

By Reuters

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Justin Sullivan/Getty Images

By James Davey and Kate Holton

Britain’s biggest retailer, Tesco, wrote down the value of its global operations by $3.5 billion and announced plans to exit the United States, as it sought to rebuild after a year in which profit fell for the first time in two decades.

The group, the world’s third largest retailer after Walmart and Carrefour, said on Wednesday abandoning loss-making Fresh & Easy in the U.S. would mean restructuring and other one-off costs of 1 billion pounds ($1.5 billion).

Tesco also wrote down the value of its property in Britain by 804 million pounds, reflecting a decision not to develop more than 100 sites, and its businesses in Poland, the Czech Republic and Turkey by 495 million pounds, to account for a sharp slowdown in demand.

Though Chief Executive Philip Clarke hailed Tesco’s fourth quarter performance in its home market as its best quarterly outcome in three years, it still represented a slowdown in growth since Christmas, despite a year of huge investment.

“I’ve been working for Tesco for nearly 40 years and I can tell you this – it already looks, feels and acts like a different and a better business,” Clarke told reporters.

“We’ve closed the gap in the [U.K.] market, at times we’ve outperformed it,” he said.

Shares in Tesco, up 24 percent over the last three months, were down 3 percent at 1004 GMT, valuing the business at 30 billion pounds.

“Management cannot claim concrete evidence of a U.K. recovery with these numbers,” said Panmure Gordon analyst Philip Dorgan.

“It will take time — retail is detail — but we believe that Tesco is on track and we expect recovery in the U.K. to slowly emerge in FY2014,” he said, adding that Tesco could commence share buybacks in 2015.

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Tesco made a statutory pretax profit of 1.96 billion pounds in the year to Feb. 13, down 51.5 percent. It also reported an expected 14.5 percent fall in underlying full-year profit to 3.55 billion pounds, largely reflecting the cost of a 1 billion pounds turnaround plan for its home market, launched after a shock profit warning in January last year.

Earnings were also hit by the impact of the euro zone debt crisis on eastern European markets, restrictions on store opening times in South Korea, and the Fresh & Easy losses.

Fourth quarter sales at British stores open over a year, excluding fuel and VAT sales tax, grew 0.5 percent. Though at the top end of analysts’ forecasts it was worse than growth of 1.8 percent recorded in the six weeks to Jan. 5.

Tesco’s fightback plan for Britain, where it makes over 60 percent of revenue and profit, has focused on more staff, refurbished stores, revamped food ranges and price initiatives

From: http://www.dailyfinance.com/2013/04/17/tesco-exits-united-states/

Guided Therapeutics Ships Initial Edition 3 CE Marked LuViva® Advanced Cervical Scan

By Business Wirevia The Motley Fool

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Guided Therapeutics Ships Initial Edition 3 CE Marked LuViva ® Advanced Cervical Scan

NORCROSS, Ga.–(BUSINESS WIRE)– Guided Therapeutics, Inc. (OTCBB: GTHP) (OTCQB: GTHP) today announced that it shipped its first Edition 3 CE marked LuViva® Advanced Cervical Scan unit to its distributor in Turkey. The delivery is the first of 15 to 20 units expected to be shipped to distributors in the second quarter.

“This shipment represents a significant achievement for the company and, along with the recent units delivered to our Canadian partners, marks the beginning of commercial CE Marked sales of LuViva,” said Mark L. Faupel, Ph.D., CEO and president of Guided Therapeutics, Inc. “We plan to follow up this shipment with additional sales to Europe and Africa later this quarter.”

The LuViva Advanced Cervical Scan is now compliant with both Edition 2 and Edition 3 CE standards, has marketing approval from Health Canada and the Singapore Health Sciences Authority, and is under U.S. Food and Drug Administration Premarket review.

About LuViva ® Advanced Cervical Scan

LuViva is a technologically advanced diagnostic device that scans the cervix with light and uses spectroscopy to measure how light interacts with the cervical tissue. Spectroscopy identifies chemical and structural indicators of precancer that may be below the surface of the cervix or misdiagnosed as benign. This technique is called biophotonics. Unlike Pap, HPV tests or biopsies, LuViva does not require laboratory analysis or a tissue sample, and is designed to provide results immediately, which eliminates costly, painful and unnecessary testing. LuViva is designed for use with women who have undergone initial screening and are called back for follow up with a colposcopy examination, which in many cases, involves taking a biopsy of the cervix. The device is used in conjunction with the LuViva® Cervical Guide single-use patient interface and calibration disposable.

About Guided Therapeutics

Guided Therapeutics, Inc. (OTCBB: GTHP) (OTCQB: GTHP) is developing a rapid and painless testing platform for the early detection of disease based on its patented biophotonic technology that utilizes light to detect disease at the cellular level. The Company’s first planned product is the LuViva®Advanced Cervical Scan, a non-invasive device used to detect cervical disease instantly and at the point of care. In a multi-center clinical trial, with women at risk for cervical disease, the technology was able to detect cervical cancer up to two years earlier than conventional modalities, according to published reports. Guided Therapeutics

From: http://www.dailyfinance.com/2013/04/17/guided-therapeutics-ships-initial-edition-3-ce-mar/

The Obama-Erdogan Conference: Let us Preach What We Practice

By Jim Zirin, Contributor

By James D. Zirin Turkey’s Prime Minister Tayyip  Erdogan will travel to Washington May 16 to meet with President Obama, largely to discuss his country’s relationship with the US and the European community, and most probably Erdogan’s on-again off-again relationship with Israel. Undoubtedly, a strong US alliance with Turkey, with its vibrant economy and geo-political position, is of tremendous strategic importance to the United States.  In the run-up to the meeting, however, Obama might well consider Turkey’s human rights record, particularly how many nations are left  on this planet where someone could go to jail over a Twitter post?  North Korea, Iran, China? Maybe. But Turkey is the latest to win that dubious distinction.

From: http://www.forbes.com/sites/jameszirin/2013/04/16/the-obama-erdogan-conference-let-us-preach-what-we-practice/

Kerry to visit family of slain US diplomat

U.S. Secretary of State John Kerry will stop in Chicago to visit the parents of the young U.S. diplomat killed while delivering textbooks in southern Afghanistan.

Kerry is stopping on his way back from Japan, the last leg of a 10-day overseas tour which started with tragedy when he learned of Anne Smedinghoff‘s death while readying to depart for Turkey on April 6.

At the time, a clearly affected Kerry contacted Smedinghoff’s parents, Tom and Mary Beth, from Andrews Air Force Base. On Monday, he will fly in directly to see them.

Smedinghoff was just 25 when she and four other Americans were killed while walking from a military base to a nearby school.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/6g0Ji4LrQ3U/

Syrian man arrested in Greece with weapons cache

A senior police official says a Syrian man has been arrested on Greece‘s northeastern border with Turkey with a large batch of telescopic sights for rifles and shoulder-fired rocket launchers.

The official, who spoke to The Associated Press on condition of anonymity because he wasn’t authorized to speak to the media about the case, said he believed the weapons were headed for Syria. There has been no official announcement by police.

The arrest took place Thursday when the man, who is a resident of Belgium, crossed the border with Turkey in a tractor trailer, according to the official. Customs officials found 281 telescopic sights.

The arrested man said he re-entered Greece after Turkish customs authorities turned him back. He will appear in a Greek court Monday.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/uQCUPRg4L8o/

Kurdish rebel leader hopeful for peace

Jailed Kurdish rebel leader Abdullah Ocalan says he hopes peace talks with Turkey will succeed.

Ocalan’s message was read by Kurdish legislators who met him on his prison island off Istanbul on Sunday. Earlier in the week, these lawmakers also met with Kurdish rebel commanders based in northern Iraq.

The rebels declared a ceasefire last month, heeding a call by Ocalan, who is engaged in talks with Turkish officials to end the nearly 30-year-old Kurdish rebel conflict.

The efforts, however, appear to have hit a snag over Turkish demands that the rebels retreat from Turkey unarmed. A Kurdish party leader has said the insurgents are hesitant about withdrawing fighters without legal guarantees from Turkey.

The conflict between Turkey and the rebels has killed tens of thousands of people since 1984.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/rd-0qq2wE5w/

Turkish prime minister to visit Gaza in May

Turkey‘s prime minister says he plans to visit the Gaza Strip in May after a trip to Washington.

Recep Tayyip Erdogan, who has long expressed his wish to visit Gaza, said Saturday the visit will likely take place “toward the end of May” after a planned meeting with President Barack Obama in the U.S. capital on May 16.

Last month, Obama helped broker reconciliation between Turkey and Israel, following the breakdown in ties after a 2010 Israeli raid on a Gaza-bound aid flotilla that killed eight Turks and a Turkish-American.

Erdogan has canceled previous plans to visit the Hamas-controlled region reportedly over U.S. concerns.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/-E5VPRLxc0A/

Kentucky Derby Entertaining: A Mini Take on the Hot Brown Sandwich

By Kelly Senyei The Kentucky Derby kicks off on May 3rd this year, which means we’re just a few weeks away from snacking on burgoo (the Bluegrass State‘s official dish) while sipping a cool and refreshing Mint Julep. Whether you’ll be tuning in from the track or from the comfort of your couch, no Run for the Roses celebration would be complete without a taste of Kentucky’s most iconic sandwich: the Hot Brown. We recently caught up with Laurent Géroli, executive chef of the Brown Hotel in Louisville, which is where the Hot Brown made its debut back in 1926. And while we’re all for an entrée-size version of the famous open-face sandwich starring layers of sliced Turkey, Mornay sauce, bacon, and tomatoes, Géroli has shared a finger-friendly take that transforms the classic flavors into a bite-size tart shell. Get race-ready with his recipe for Mini Hot Browns then check out our complete guide to Kentucky Derby Cuisine for more celebratory cocktails, recipes, and entertaining tips. Mini Hot Browns Recipe by Brown Hotel executive chef Laurent Géroli Makes 12 appetizers Ingredients For the mornay sauce: 1 Tablespoon whole butter 1 Tablespoon all-purpose flour 1/2 cup heavy cream 2 Tablespoons shredded Pecorino Romano cheese Salt and pepper For the tarts: 12 mini phyllo tart shells 1/2 cup cold Mornay sauce (see recipe below) 1/2 cup roasted Turkey breast, chopped fine 1/4 cup diced tomatoes 1 slice cooked bacon, chopped fine 1 teaspoon paprika 1/4 cup grated Romano cheese 1 teaspoon parsley, chopped Preparation Make the Mornay sauce: Melt the butter in a saucepan and slowly whisk in the flour until combined to form a thick paste or roux. Continue to cook the roux for 2 minutes over medium-low heat, stirring frequently. Whisk the heavy cream into the roux and cook over medium heat until the cream begins to simmer, 2 to 3 minutes. Remove the sauce from the heat and slowly whisk in the Pecorino Romano cheese until the sauce is smooth. Add salt and pepper to taste. Chill. Assemble the tarts: Heat the oven to 325°F. Place the tart shells 1/2-inch apart on a baking sheet lined with parchment paper. In a mixing bowl, mix together the cold Mornay sauce, Turkey and tomato. Fill a pastry bag with the mix, and then carefully fill each tart shell to the top. Sprinkle each with bacon, paprika, and Romano cheese. Place the tarts in the oven for 8 to 10 minutes, or until they’re heated all the way through. Garnish with parsley, and serve warm. This recipe has not been tested by Epicurious. Photo: Courtesy of the Brown Hotel

From: http://feedproxy.google.com/~r/epicurious/epiblog/~3/shfB_0ja40k/kentucky-derby-cuisine-mini-hot-browns.html

Frozen Vultures Falling From Sky in South Dakota

By Mark Russell It’s not just rain falling in South Dakota this week: Turkey vultures have also been dropping from the sky. Apparently the freezing rain was so bad around Sioux Falls earlier this week that some of the birds iced over and fell onto the houses of local residents, reports the Argus…

From: http://www.newser.com/story/166146/frozen-vultures-falling-from-sky-in-south-dakota.html

Syrian troops battle rebels near Lebanon border

Syrian forces battled rebels in the central province of Homs near the border with Lebanon on Friday as part of a counteroffensive aimed at regaining control of territory around the country and along strategic border areas.

With a fresh influx of weapons, opposition fighters have made significant gains in the past weeks, particularly in the southern province of Daraa, where rebels have been advancing in the region between the Jordanian border and the capital, Damascus.

The province of Homs and its capital of the same name were the scenes of some of the heaviest fighting during the first year of Syrian conflict. The violence has escalated there in recent weeks, with Syrian war planes hitting the city daily. On Friday, troops clashed with rebels on the edges of the province along the Lebanese border.

The border area is strategically important to both sides fighting in Syria‘s civil war and battles there have been frequent in past weeks, particularly in and around the town of Qusair in Homs province. The area is considered vital to the Syrian regime because of its location along a road linking Damascus with the city of Homs, a strategic supply route for the military. The rebels also have been using the road to transport supplies and weapons from Sunni supporters in Lebanon.

The Britain-based Syrian Observatory for Human Rights said Friday’s clashes between soldiers and opposition fighters were concentrated around Qusair. There were no immediate reports of casualties.

Overlooking Qusair from the Lebanese side are villages populated mostly by Shiite Muslim supporters of the Hezbollah militant group, who have supported Assad’s regime during Syria‘s two-year conflict. The rebels fighting to topple Assad, a member of the minority Alawite sect, are overwhelmingly Sunni Muslim. The Alawites are an offshoot of Shiite Islam.

The conflict started with largely peaceful protests against Assad’s regime in March 2011 but eventually turned into a civil war that has increasingly taken sectarian overtones. More than 70,000 people have been killed in the war, according to the United Nations.

Also on Friday, Syrian warplanes carried out airstrikes around the country, hitting targets in Daraa in the south, in Hasaka province in the north east near the border with Turkey and in the northern city of Aleppo, parts of which have been under rebel control since last summer.

The airstrikes come a day after a U.S.-based human right group accused

From: http://feeds.foxnews.com/~r/foxnews/world/~3/KNVieI1m_Rs/

Syrian regime's air power keeps rebels in check

President Bashar Assad has exploited his greatest advantage in the Syrian civil war — his air power — to push back rebel advances and prevent the opposition from setting up a rival government in its northern stronghold.

Along the way, fighter jets and helicopters have hit civilian targets such as hospitals, bakeries and residential buildings, according to a report released Thursday by a U.S.-based human rights group. It accused the regime of committing war crimes with indiscriminate airstrikes that have killed more than 4,000 civilians since summer.

The Human Rights Watch report said Assad’s air force has dropped “imprecise and inherently indiscriminate” munitions, including cluster bombs, on civilian areas.

In recent months, large parts of northern Syria near the border with Turkey have fallen to the rebels, including several neighborhoods of Aleppo, the country’s largest city. With the recent influx of more advanced weapons and other foreign aid, the rebels have also made major gains in the south, seizing military bases and towns in the strategically important region between Damascus and the border with Jordan.

Two years into the uprising, however, the Assad regime’s control of the skies is hampering rebels’ efforts to hold on to territory they capture with any efficiency. An interim leader of the opposition has been elected, but he and others opposed to Assad have made only a few, brief forays into rebel-controlled areas.

“The air force is extremely important for Assad right now,” said Joseph Holliday, a Syria analyst at the Washington-based Institute for the Study of War.

“It has allowed Assad to prevent rebels from establishing a part of Syria where people can be safe and the opposition can focus on governing the place,” he said. “It very difficult to do that without a space that is free from constant harassment from the aircraft.”

Although the rebels have been able to shoot down several aircraft after capturing some heavier weapons from military bases, they are largely helpless when it comes to Assad’s air supremacy.

The opposition has repeatedly asked their foreign backers for weapons that can shoot down the regime’s aircraft and help hasten the fall of Assad. But the United States and its European allies have been reluctant to provide opposition fighters with anti-aircraft missiles for fear they may end in the hands of radical Muslim groups that have been the most organized fighting force on

From: http://feeds.foxnews.com/~r/foxnews/world/~3/0Idb7HpvZsc/

Turkey amends anti-terror laws to protect rights

The Turkish parliament has approved changes to anti-terrorism laws to reduce the number of prosecutions for the non-violent expression of opinions, but critics say the revisions don’t go far enough.

Turkey has prosecuted hundreds of politicians, activists and journalists under its broadly worded anti-terrorism laws, some for simply expressing opinions or taking part in protests. The Paris-based Reporters Without Borders has described the country as the “world’s biggest prison for journalists.”

The government-proposed changes, approved by a show of hands Thursday, narrow the definition of what constitutes terrorist propaganda so that only people who openly promote violence can be jailed. But other restrictions on freedom of expression remain, and human rights advocates and opposition parties say the effort is a missed chance for reform.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/D_IGWI8PzDA/

Colombian Special Ops Get 2 New UTC Choppers

By Rich Smith, The Motley Fool

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It may sound incongruous, but the Colombian Army is beefing up its air force — and hiring Hartford, Conn.-based United Technologies to help.

On Wednesday, United Tech subsidiary announced that its Sikorsky Aircraft subsidiary has contracted to sell the Colombian Army two new S-70i Black Hawk helicopters, a militarized international version of the famed UH-60 Black Hawk. Colombia already owns and operates five such helos within the Special Forces unit of the Colombian Army‘s Air Assault Division.

Colombia has long been a fan of Sikorsky’s products. Its National Police, Air Force, and Army already operate 96 UH-60L variants which, when combined with the similar S-70is, means Colombia currently has the world’s fourth biggest fleet  of these helos — after South Korea, Turkey, and of course, the U.S. itself.

United Tech did not disclose financial terms of the sale, but cost may have been a factor in Colombia‘s decision to begin buying S-70is rather than more UH-60Ls. According to public databases, the S-70i variant can cost as little as one-third the price of the UH-60L, which tends to fetch $18 million new. Even with the several modifications Colombia is asking United Tech to include on its new birds, they’re probably getting them for a nice discount to the price of the country’s other helos.

The article Colombian Special Ops Get 2 New UTC Choppers originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Analysis: Hamas wants bigger regional role

Hamas chief Khaled Mashaal has set an ambitious agenda for his new term, seeking to transform his Islamic militant movement that rules Gaza into a widely recognized political force, but without making concessions toward Israel needed for international acceptance.

Re-elected last week, Mashaal will try to deepen ties with regional powers Qatar, Turkey and Egypt, which have already given money or political support to Hamas-run Gaza and could be conduits to the U.S. and Europe, several leading Hamas figures said. Mashaal will also push for a power-sharing deal with his Western-backed Palestinian rival, President Mahmoud Abbas.

Hamas ideology, rejecting existence of a Jewish state in an Islamic Middle East, stands in the way. The international community insists it will deal with Hamas only if the Islamic militants recognize Israel, renounce violence and accept previous interim peace deals — conditions Mashaal has repeatedly rejected, though Abbas and his Fatah movement accepted them two decades ago.

Mashaal “wants Hamas to be a recognized and legitimate player,” said Jordan-based analyst Mouin Rabbani, who frequently meets with Palestinian politicians, including Hamas members.

“The challenge and conflict is that he has to demonstrate he can do so without going down the same path as Fatah,” he said. Fatah, for years the dominant force in Palestinian politics, has been severely weakened by years of failed talks with Israel on terms of a Palestinian state.

Key to Mashaal’s plans is a political deal with Abbas, as a possible springboard for joining and eventually taking control of the Palestine Liberation Organization, the umbrella group widely recognized as representing some 11.6 million Palestinians world-wide, according to official Palestinian figures. The Fatah-dominated PLO is largely inactive now, but it remains attractive to Hamas as a way of gaining international status.

A Hamas deal with Abbas would have to wait until the latest U.S. push to revive Israeli-Palestinian negotiations plays itself out.

Setting up a Palestinian state in the West Bank, Gaza and east Jerusalem through negotiations with Israel remains Abbas’ goal.

U.S. Secretary of State John Kerry was in the region this week to try to restart talks between Israel and Abbas. Chances of that in coming months appear slim because gaps remain wide between Abbas and Israeli Prime Minister Benjamin Netanyahu.

Abbas won’t complicate Kerry’s mission further by renewing talks now

Source: FULL ARTICLE at Fox World News

High-tech suspension bridge for Istanbul

Siemens is ensuring the safe and smooth operation of what will be the world’s fourth-longest suspension bridge – a structure that will have a main span length of 1,550 meters and rise 60 meters above the Gulf of Izmit, south of Istanbul, Turkey. The bridge, which is scheduled to go into operation at the end of 2015, will be one of the safest in the world. Among other things, its stability and mechanical stress loads will be measured and analyzed by more than 400 sensors that will also enable it to be closed immediately in dangerous situations. …read more

Source: FULL ARTICLE at Phys.org

Travel Safety: Tips To Keep Yourself Safe While On The Road

By The Huffington Post News Editors

NEW YORK (AP) — Recent high-profile attacks on tourists in India, Brazil, Turkey and Mexico — including rapes — have raised questions about personal safety for overseas travel, especially for women. But frequent travelers and those who work in the industry say a few common-sense precautions can go a long way to ensuring personal safety.

For example, Fly.com vice president Warren Chang didn’t hang a “Do not disturb” sign on his hotel room door on a trip to Jordan, because he didn’t want to advertise his presence. Cindy Vanhoutte, who works for the vacation rental site HomeAway.com, always checks Google Street View to see what neighborhoods look like before renting there. And Pauline Frommer, co-publisher of Frommer Guidebooks, leaves her jewelry home and tries to dress according to “local norms” — recently wearing long, loose trousers in Morocco.

It’s also prudent to check the U.S. State Department website’s travel warnings, which track everything from crime to terrorism to natural disasters.

Read More…
More on AP

…read more

Source: FULL ARTICLE at Huffington Post

War veteran allegedly kills teenaged Army Reserves recruit, himself

Authorities say they are investigating what led a war veteran to fatally shoot a teenaged girl who he had signed up for the Army Reserves before killing himself.

31-year-old Staff Sgt. Adam Arndt was found dead of a gunshot wound Monday morning inside his Germantown, Md., home, along with 17-year-old Michelle Miller, a senior at Rockville High School.

Police believe Arndt fatally shot Miller, who was signed up to enter the Army Reserves after graduation, before killing himself. A handgun was found at the home, police said.

Miller’s father, Kevin Miller, told The Associated Press on Monday night that he had not met Arndt but that his daughter had seemed “a little smitten with this guy.” He said she met him about four or five months ago.

Kevin Miller said his daughter left their Rockville home Sunday night, saying somebody in her platoon was suicidal. He said she stopped responding to his calls and text messages.

MyFoxDC.com reports friends and family members of Miller gathered at her high school Tuesday to remember her. Friends described her as strong, fun-loving and driven at the vigil.

Army recruiters are barred from fraternizing with recruits, a restriction that includes dating, inviting recruits to their homes or having any kind of personal relationship that would place undue influence on a recruit, said Kathleen Welker, a spokeswoman for the U.S. Army Recruiting Command.

Arndt, a native of Manitowoc, Wis., joined the Army in October 2003. He was deployed to Turkey from September 2009 to September 2010, and his decorations include a medal for service in the global war on terrorism. He has also served in Korea and Germany, according to personnel records released by the Army.

He was working as a human resources specialist before he was detailed in January 2011 to the recruiting office in Columbia, Md., Welker said. Such assignments typically last three years, after which soldiers can decide whether to become permanent recruiters or return to their previous occupations.

His duties would have included visiting schools, Welker said, although it was not clear Tuesday whether he had visited Rockville High School.

The investigation remains active and is focused on “determining how these two people died,” said Capt. Paul Starks, a Montgomery County police spokesman.

Dana Tofig, a county schools spokesman, said military recruiters routinely visit the county’s schools. The school system’s focus, he said, was helping those who knew Miller.

Grief counselors were visiting her classmates on Tuesday.

Kevin Miller said his daughter was excited to join the military and planned to use it to finance her college education.

“She had her life taken away from her on one fell swoop,” he said.

Click for more from MyFoxDC.com.

The Associated Press contributed to this report.

…read more

Source: FULL ARTICLE at Fox US News

SpectraScience and PENTAX Medical Announce Expanded Distribution of WavSTAT4 Optical Biopsy System i

By Business Wirevia The Motley Fool

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SpectraScience and PENTAX Medical Announce Expanded Distribution of WavSTAT4 Optical Biopsy System in Europe

SAN DIEGO–(BUSINESS WIRE)– SpectraScience, Inc. (OTCQB:SCIE), a San Diego-based medical device company and PENTAX Europe GmbH (PENTAX Medical herein after) jointly announce that they have agreed on expanded distribution of the WavSTAT4 Optical Biopsy System in Europe. Increased deployments of the WavSTAT4 system is expected in the PENTAX Medical fiscal year (April 2013 – March 2014).

SpectraScience and PENTAX Medical Expand Distribution of WavSTAT4 Optical Biopsy System in Europe (Photo: Business Wire)

As previously announced in June 2012, SpectraScience entered into an exclusive five-year agreement with PENTAX Medical to distribute its WavSTAT Optical Biopsy System for the support of colorectal cancer screening and diagnosis. The agreement, which includes the company’s new WavSTAT4 console and the disposable optical biopsy forceps, covers Europe as well as Turkey, Saudi Arabia and South Africa. PENTAX Medical is a leading provider of flexible endoscopes, which are used with the WavSTAT System during screening for colorectal cancer.

“We are looking forward to working with PENTAX Medical to bring this new technology to hospitals across Europe” said Michael Oliver, SpectraScience’s Chief Executive Officer. “PENTAX Medical is the ideal partner for our sales and marketing efforts in Europe. Their highly-regarded sales organization has the expertise to insure we get the maximum possible exposure in the gastroenterology community. With expanded distribution with PENTAX Medical, we create a situation where both companies have a vested interest in speeding the adoption of this unique technology across Europe.” Girts Cimermans, President Europe, Middle East and Africa, PENTAX Medical states: “We believe in an opportunity for this product and want to have a role in building its future. We are making efforts to pave the way for WavSTAT into clinical routine.”

About SpectraScience, Inc.

SpectraScience is a San Diego based medical device company that designs, develops, manufactures and markets light-based analysis systems capable of determining whether tissue is normal, pre-cancerous or cancerous without physically removing tissue from the body. The WavSTAT Optical Biopsy System uses light to optically diagnose tissue and provide the physician with an immediate result. With the CE certification obtained, allowing the sales and shipments in the European Union, the WavSTAT System is the first commercially available product that incorporates this innovative technology for clinical use.

About PENTAX Medical
…read more

Source: FULL ARTICLE at DailyFinance

What does an Israel-Turkey Awakening Mean for Mediterranean Gas?

By Christopher Coats, Contributor

After nearly three years of tension, Israel’s olive branch to Turkey in late March was welcome news to most of the Eastern Mediterranean, not to mention Washington. With Prime Minister Benjamin Netanyahu offering an apology for Israeli actions against a Turkish aid flotilla in 2010, it seemed possible we might see some cohesion on the region’s roster of current challenges. Announcing a full resumption of diplomatic ties, the two governments opened the door to an assortment of possible joint efforts, including how to deal with a beleaguered Syria and a new Egypt. However, what stood out for many was what it all would mean for the region’s energy options. …read more

Source: FULL ARTICLE at Forbes Latest