Environmentalists Call for 10-Year Moratorium on Arctic Shipping Increase to Protect Endangered Beluga Whales Oct 21, 2014 04:04PM

WASHINGTON--(BUSINESS WIRE)-- Environmentalists today called on the eight Arctic nations of the Arctic Council to enact a ten-year moratorium on any increase in Arctic shipping to protect endangered beluga whales from the threat of growing ship traffic in their habitat. The moratorium will enable nations to finalize and implement the “Polar Code,” an agreement currently being negotiated under the auspices of the International Maritime Organization (IMO), that aims to establish environmental, safety, and shipping controls, in order to constrain industrial accidents and ecosystem impacts in the Arctic.

A new report released today by the Environmental Investigation Agency (EIA), Endangered Belugas and the Growing Threats of Climate Change, Arctic Shipping and Industrialization, comprehensively documents the plight of the beluga whale, a species that was hunted to near extinction throughout its range. Today it continues to face a barrage of threats, including poorly-regulated subsistence hunting, climate change, oil and gas drilling, ship traffic, pollution, and live capture for aquariums.

The report’s publication coincides with the opening today of the semi-annual meeting of the Arctic Council in Yellowknife, Canada whose members include the United States, Canada, Greenland-Denmark, Russia, Norway, Finland, Sweden, and Iceland. Senior Arctic Council officials meeting this week will consider the impacts of climate change and expanding industrial exploitation on the fragile Arctic ecosystem, its biodiversity, and the communities on the front line of rising global temperatures.

The EIA report reveals that belugas are the most widely exploited whale species in the world today. Of the 29 populations of beluga whales, 15 are already depleted, and ten populations continue to be overhunted, including five depleted populations. Only six subpopulations are considered to have stable or increasing populations.

“Cargo shipping, oil and gas operations, and rapidly melting sea ice all pose serious new threats to the survival of beluga whales, of which many populations are already endangered,” said Danielle Fest Grabiel, a Senior Policy Analyst at EIA. “Few, if any, concrete actions have been taken by Arctic nations to ensure that belugas will receive enhanced protection measures before additional industrial development proceeds.”

As the Arctic warms at nearly twice the rate of the rest of the globe and the opportunity for development increases, EIA also endorses a ban on new oil and gas drilling in the Arctic as championed by Greenpeace and other groups. Currently, oil and gas exploration and extraction activities pose an unacceptable risk to the health and safety of the Arctic ecosystem, including both human communities and wildlife, such as beluga whales.

“Development in the fragile and hostile Arctic environment presents unprecedented environmental and safety hazards, which the international community is not yet prepared to deal with. We are gambling with the future of a species that is already endangered and simply cannot sustain any more losses,” Grabiel said.

Environmental Investigation Agency (EIA)

Maggie Dewane, 202-483-6621

Communications and Press Officer

mdewane@eia-global.org

Source: Environmental Investigation Agency (EIA)


Culinary Software Services Releases xt4 Version Of ChefTec Software Oct 21, 2014 04:03PM

BOULDER, Colo., Oct. 21, 2014 /PRNewswire/ -- Culinary Software Services, the leading provider of back-of-the-house technology for the foodservice industry, announced today the launch of ChefTec xt4. The new release simplifies entry of Hazard Analysis & Critical Control Points (HACCP) information and enhances interfacing with foodservice distributors by offering a new EDI interface with FreshPoint and improved interfaces with UNFI and Reinhart Foodservice. 

"The new features and functionality in ChefTec xt4 are based on customer feedback and requests," said Brian Bennett, President of Culinary Software Services. "ChefTec is used by over 45,000 restaurants around the world, and we welcome and use their input on how to improve the software."

Here is a summary of enhancements in ChefTec xt4:

  • Easier and quicker data entry of HACCP information
  • Ability to prepare and send event invoices to customers
  • Easier tracking of non-active inventory
  • New EDI interface with FreshPoint
  • Increased lot tracking functionality
  • Identification of gluten-free recipes

To see the full list of all ChefTec xt4 features, please visit http://www.culinarysoftware.com/verfunc_xt4.htm.

Culinary Software Services will be showcasing the new ChefTec xt4 software at the Tri-State Food Expo, October 27-28 at the Meadowlands Expo Center in Secaucus, NJ and the WestEx Tradeshow, November 12 at Colorado Convention Center, Denver, CO.  Attendees can get up to $400 off ChefTec software if they purchase at the show.

About Culinary Software Services, Inc. Culinary Software Services, Inc. is the leading provider of foodservice software to the hospitality industry. Products include ChefTec® and CorTec™ for recipe and menu costing, inventory control, purchasing and ordering, sales analysis and menu engineering, production management, requisitions and transfers, waste tracking, and nutritional analysis. Culinary Software Services won the IQ Award for Software Products & Services and ChefTec twice won the Innovator's Award for Technology from the California Restaurant Association. Installations include all Marriott International Hotels Worldwide, Apple Inc., Whole Foods Market Worldwide, Dean & Deluca, Momofuku, Morimoto Waikiki, Trump International Beach Resort, Centerplate, the Wild Dunes Resort, PGA TOUR Golf Course Properties, and the U.S. Naval Academy. Founded in 1990, Culinary Software Services is located in Boulder, Colo. For more information visit www.ChefTec.com.

Logo - http://photos.prnewswire.com/prnh/20141014/152116LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/culinary-software-services-releases-xt4-version-of-cheftec-software-698920785.html

SOURCE Culinary Software Services, Inc.


Magellan Midstream Extends Open Season for Proposed Saddlehorn Pipeline Oct 21, 2014 04:03PM

TULSA, Okla., Oct. 21, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an extension of the open season for commitments on the proposed Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara shale to the partnership's storage facilities in Cushing, Oklahoma. Binding commitments are now due by 5:00 p.m. Central Time on Nov. 6, 2014.

The proposed Saddlehorn Pipeline includes construction of an approximate 600-mile, 20-inch diameter pipeline capable of transporting up to 400,000 barrels per day of crude oil from Platteville, Colorado to Magellan's storage facilities in Cushing. Magellan expects to use its existing right-of-way for a significant portion of the pipeline route.

Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, the Saddlehorn Pipeline could be operational during the second quarter of 2016.

For customer inquiries about the open season, please contact Chris Nalley at (918) 574-7710 or chris.nalley@magellanlp.com. More information about the open season is available at www.magellanlp.com/tariffs.aspx.

About Magellan Midstream Partners, L.P.Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation's refining capacity, and can store more than 90 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.

Portions of this document constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Among the key risk factors that may have a direct impact on the decision to proceed with the opportunity described in this news release are: (1) the ability to negotiate and sign definitive agreements with potential customers; (2) the ability to obtain required rights-of-way, permits and other governmental approvals on a timely basis; (3) the ability to justify the economics of this potential opportunity once the necessary engineering and commercial assessments are complete; (4) price fluctuations and overall demand for crude oil; (5) changes in the partnership's tariff rates or other terms imposed by state or federal regulatory agencies; (6) the occurrence of an operational hazard or unforeseen interruption; (7) disruption in the debt and equity markets that negatively impacts the partnership's ability to finance its capital spending and (8) failure of customers or vendors to meet or continue contractual obligations. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission. The partnership undertakes no obligation to revise these forward-looking statements to reflect events or circumstances occurring after today's date.

Contact: 

Investors:

Media:

Paula Farrell 

Bruce Heine

(918) 574-7650 

(918) 574-7010

paula.farrell@magellanlp.com  

bruce.heine@magellanlp.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/magellan-midstream-extends-open-season-for-proposed-saddlehorn-pipeline-666468046.html

SOURCE Magellan Midstream Partners, L.P.


Akron Biotech Expanding to New, State-of-the-Art Biotechnology Facility Oct 21, 2014 02:17PM

Move Will Enable Akron R&D and Manufacturing to Meet Growing Demand for

Regenerative Medicine Products and Increasing Quality Standards

BOCA RATON, Fla.--(BUSINESS WIRE)-- Akron Biotechnology, LLC (Akron Biotech), which provides novel technologies for cell therapy and regenerative medicine discovery, development, and commercialization, today announced its expansion and move to a new, larger facility. Akron will continue to be headquartered in Boca Raton, FL, while significantly increasing space for its R&D and manufacturing operations.

“The expansion will play an increasingly important role in the company’s growth and allow Akron to more strongly meet the growing demand for validated products and processes for the regenerative medicine industry,” said Claudia Zylberberg, PhD, Founder and CEO of Akron Biotech. “Our commitment to providing our customers with quality products and comprehensive solutions to meet their specific needs has resulted in consistent growth, making Akron a key player in the regenerative medicine/biotechnology arena.”

While the company's headquarters and operations have already moved to the new physical address, the construction of its new state-of-the-art biotechnology facility is still under way. Once completed, the facility will house over 12,000 sq. ft. of laboratory and manufacturing space. It will focus on the translation and commercialization of innovative discoveries as well as manufacturing for both research and clinical use.

Akron's new facility will be one of the largest of its kind in Florida and will produce regulated products on a large scale for academic and industry clients from both the U.S. and abroad. The facility will enhance the company’s current capacity with several class 10,000 and class 100 clean rooms -- which will accommodate small and large scale manufacturing -- and cell culture labs for bioassay development and validation.

The augmented capacity will further expand Akron's proven expertise in cGMP product manufacturing and process development, providing its customers with greater flexibility in manufacturing and enhanced environmental control as well as increased support for documentation and compliance.

About Akron Biotech

As an ISO certified global supplier, Akron Biotech manufactures ancillary materials and provides novel technologies for cell therapy and regenerative medicine discovery, development, and commercialization, meeting the industry’s quality standards worldwide. Akron Biotech has a strategic focus on delivering biological materials, technologies, and services for the regenerative medicine industry. For more information please visit www.akronbiotech.com.

Akron Biotechnology, LLC

Sonia I. Suarez, 561-750-6120

ssuarez@akronbiotech.com

Source: Akron Biotechnology, LLC


CN announces new share repurchase program and declares fourth-quarter 2014 cash dividend Oct 21, 2014 04:02PM

MONTREAL, Oct. 21, 2014 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a new share repurchase program.  CN believes that the repurchase of its shares represents an appropriate and beneficial use of the Company's funds.

Luc Jobin, CN executive vice-president and chief financial officer, said: "Our record speaks for itself. We continue to invest significantly in the business while maintaining a focus on consistently enhancing shareholder returns by increasing dividends and repurchasing shares. Since its privatization, CN has increased its dividends per share by 16 per cent on average every year for 18 consecutive years and has created significant value for shareholders through regular share repurchases since its first buyback program in 2000."   

Today, CN's Board of Directors authorized a new normal-course-issuer bid to purchase, for cancellation, up to 28 million common shares, representing 3.9 per cent of the 709,302,712 common shares issued and outstanding of the Company not held by insiders on Oct. 15, 2014. On that date, 814,717,092 CN common shares were issued and outstanding.

The new repurchase program – starting on Oct. 24, 2014, and ending no later than Oct. 23, 2015 – will be conducted through a combination of discretionary transactions and automatic repurchase plan through the facilities of the Toronto and New York stock exchanges, or alternative trading systems, if eligible, and will conform to their regulations. Toronto Stock Exchange (TSX) rules will permit CN to purchase daily, through TSX facilities, a maximum of 256,297 common shares under the Company's new repurchase program. Purchases under the normal-course-issuer bid will be made by means of open market transactions or such other means as the TSX or a securities regulatory authority may permit, including private agreements under an issuer bid exemption order issued by securities regulatory authorities in Canada.

The price to be paid by CN for any common shares will be the market price at the time of acquisition, plus brokerage fees, and purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the order.

CN repurchased 22.3 million common shares under its share repurchase program announced in October 2013, at a weighted-average price of C$62.87 per share, excluding brokerage fees, returning C$1.4 billion to shareholders.

CN also announced today that its Board of Directors has approved a fourth-quarter 2014 dividend on the Company's common shares outstanding. A quarterly dividend of twenty-five cents (C$0.25) per common share will be paid on Dec. 31, 2014, to shareholders of record at the close of business on Dec. 10, 2014. 

Forward-Looking Statements Certain information included in this news release constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws, including potential purchases of common shares for cancellation under a normal-course-issuer bid. CN cautions that, by their nature, these forward-looking statements involve risk, uncertainties and assumptions, and are subject to the discretion of CN's Board of Directors in respect of the declaration of dividends. The Company cautions that its assumptions may not materialize and that the current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty.

Important risk factors that could affect the above forward-looking statements include, but are not limited to, the effects of general economic and business conditions, industry competition, inflation, currency and interest rate fluctuations, changes in fuel prices, legislative and/or regulatory developments, compliance with environmental laws and regulations, actions by regulators, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, labor negotiations and disruptions, environmental claims, uncertainties of investigations, proceedings or other types of claims and litigation, risks and liabilities arising from derailments, and other risks and assumptions detailed from time to time in reports filed by CN with securities regulators in Canada and the United States.  Reference should be made to "Management's Discussion and Analysis" in CN's annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CN's website, for a summary of major risks and assumptions.

CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable Canadian securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

CN is a true backbone of the economy, transporting approximately C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries -- serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.

 

SOURCE CN


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