Fisher Capital Management Latest News: KT, Softbank to set up joint cloud computing venture in Korea

http://fishercapitalmanagementkorea.com/2011/06/01/fisher-capital-management-latest-news-kt-softbank-to-set-up-joint-cloud-computing-venture-in-korea/


SEOUL, May 30 (Yonhap) — South Korean telecom titan KT Corp. and Japan’s Softbank Telecom Corp. will set up a joint cloud computing venture in South Korea later this year, the companies said Monday, aiming to tap into demand for reliable Internet storage systems that can protect companies’ data from natural disasters.
KT will hold a 51 percent stake and Softbank will own the remainder in the joint venture, which will be set up by September, they said in a joint press release.
The two telecom companies will open a data center in Gimhae City, near South Korea’s second-largest city, Busan, located close to Japan, to offer services to Japanese companies seeking a reliable data storage center.
KT, which has been stepping up its businesses outside the telecom service sector, plans to offer cloud computing services for corporate customers and consumers in Japan, which is battling power shortages caused by a March earthquake.
As a result of natural disasters in Japan and the stricken Fukushima nuclear power plant, Japanese companies will have to cut back their electricity use by 15 percent starting in July as part of the country’s efforts to curve power demand, which will make it harder for those companies to operate their own data centers.
Through the joint venture in South Korea, Softbank aims to secure a stable data network center to store the companies’ data safely during natural disasters and power outages.
“Through the project, we will be able to protect critical corporate systems and data from natural disasters like earthquakes,” Masayoshi Son, Softbank’s chairman, said in the statement.
ylee@yna.co.kr

Fisher Capital Management Latest News: Korean financial watchdog probes data breach at Hyundai Capital

http://fishercapitalmanagementkorea.com/2011/04/13/fisher-capital-management-latest-news-korean-financial-watchdog-probes-data-breach-at-hyundai-capital/

11 April 2011

South Korea’s Financial Supervisory Service (FSS) has launched a probe into a data breach at Hyundai Capital that affected 420,000 of its customers.

The FSS has sent investigators to Hyundai Capital, the consumer financing arm of auto maker Hyundai Motor Group and GE Capital, after the company admitted that hackers gained access to its customer database and stole personal information and passwords of its customers, theKorea Herald reported.

The data breach occurred over a two-month period. The company was contacted by one of the hackers who asked for money in return for not releasing the customers’ information. However, the data breach was only made public after the company contacted the police to investigate the blackmail.

Hyundai Capital said its internal investigation revealed names, residential registration numbers, mobile phone numbers, and email addresses, as well as passwords to loan services were obtained by the hacker.

Police said the hackers gained access to the database using servers located in the Philippines and Brazil.

The FSS is considering punitive actions against the company if violations of the country’s financial information security laws are found. The agency also plans to form a task force in coordination with other agencies to investigate information security practices throughout the financial sector, the newspaper said.

Fisher Capital Management Korea Latest News Updates

http://fishercapitalmanagementkorea.com/
http://fishercapitalmanagementkorea.com/2011/04/13/fisher-capital-management-latest-news-korean-financial-watchdog-probes-data-breach-at-hyundai-capital/

11 April 2011

South Korea’s Financial Supervisory Service (FSS) has launched a probe into a data breach at Hyundai Capital that affected 420,000 of its customers.

The FSS has sent investigators to Hyundai Capital, the consumer financing arm of auto maker Hyundai Motor Group and GE Capital, after the company admitted that hackers gained access to its customer database and stole personal information and passwords of its customers, theKorea Herald reported.

The data breach occurred over a two-month period. The company was contacted by one of the hackers who asked for money in return for not releasing the customers’ information. However, the data breach was only made public after the company contacted the police to investigate the blackmail.

Hyundai Capital said its internal investigation revealed names, residential registration numbers, mobile phone numbers, and email addresses, as well as passwords to loan services were obtained by the hacker.

Police said the hackers gained access to the database using servers located in the Philippines and Brazil.

The FSS is considering punitive actions against the company if violations of the country’s financial information security laws are found. The agency also plans to form a task force in coordination with other agencies to investigate information security practices throughout the financial sector, the newspaper said.

Fisher Capital Management Korea : Sky Capital’s Mandell Convicted in $140 Million Fraud Case

http://fishercapitalmanagementkorea.com/2011/08/17/fisher-capital-management-korea-sky-capitals-mandell-convicted-in-140-million-fraud-case/


http://online.wsj.com/article/SB10001424053111904772304576470
592205191646.html#articleTabs%3Darticle 

BY CHAD BRAY

NEW YORK—The founder of Sky Capital Holdings Ltd., known to some in the markets as Wall Street’s “bad boy,” was convicted Tuesday of running a fraud that allegedly topped $140 million.

Ross Mandell, the founder of the now-defunct investment-management company, and his associates were accused by federal prosecutors of using high-pressure sales tactics to induce people to invest in purported private placements, restricted stock sales and offers of …

Fisher Capital Management Scam Prevention News : Warning over life insurance updates

http://fishercapitalmanagementscamreviews.com/2011/08/17/fisher-capital-management-scam-prevention-news-warning-over-life-insurance-updates/

http://moneyfacts.co.uk/news/life-insurance/warning-over-life-insurance-updates150811/

Category: Life insurance
Date: 8/15/2011

Failing to update levels of life cover at various stages of life means millions of Britons risk leaving dependents in financial difficulty.

More than five million people are estimated to be playing a dangerous game with their loved ones’ futures, according to recent research by Sainsbury’s Finance.

Almost two thirds (60%) of those with life insurance admit they have not updated their level of cover following a significant change in their personal circumstances.

Life changing events such as getting married, having children, or buying a home with a bigger mortgage can all have an impact on financial commitments.

However, worryingly, millions of people fail to take this into account and do not review their level of life insurance cover accordingly.

The most common change in personal circumstances people are likely to have experienced since purchasing life insurance is changing jobs.

Having children and getting married were the second and third most common change respectively.

David Cook, of Sainsbury’s Life Insurance has urged people to consider any significant changes in their personal circumstances and ensure that they have adequate cover should the unthinkable happen.

“Many people invest in life insurance when they buy their first home as they want peace of mind that they’re covered should anything happen and they’re unable to pay the mortgage,” he added.

“However, clearly people are overlooking the need to update their level of cover once their personal circumstances have changed.

“Life insurance provides financial cover should the unthinkable happen and enables people to be secure in the knowledge that their dependants would receive sufficient funds if they were to die, which would help them to protect their standard of living.”

The new findings come after research conducted by the life insurance provider last year revealed nearly half of mortgage holders in Britain (43%) do not have their mortgage contributions covered by life insurance.

Of those who pay a mortgage that is not covered by life protection, the research found that on average they are personally responsible for an outstanding balance of over £44,000.

Protecting yourself and your family financially against any unforeseen circumstances should always be at the top of your list of priorities.

A broker such as LeadsBox will help you scour the market for the best life insurance deals around.

Compare life insurance providers

*Product information and availability is correct as of the date of public

Fisher Capital Management: Market Performance – US Economy

Fisher Capital Management Report, Part 1 - Output growth exceeded what were once considered lofty

expectations during the third quarter, as real GDP (inflation adjusted

Gross Domestic Product) rose by a 3.5% annual pace

from the previous quarter. To be sure, this was the first gain in

economic activity after four consecutive quarterly declines in

GDP. While technically this indicates an end to the recession,

we point out that on a year-over-year (YOY) basis, economic

activity has still declined 2.3%, yet it represents an improvement

from the -3.8% YOY in the second quarter, the worst annual drop in seven decades.

The components of GDP were led by growth in personal

consumption, which increased 3.4% as stimulus programs such

as “Cash for Clunkers” allowed consumer spending to increase

by the largest amount in two years. Home construction surged

at an annual rate of 23%, spurred on by the $8,000 tax credit

for first-time buyers. Another decline in business inventories

also added to output, as did the growth in government spending

(2.3%). Though businesses increased spending on equipment

and software, fixed investment remained weak.

Market Performance, US Economy: Fisher Capital Management Report - As the positive effects of federal stimuli diminish, we continue

to project an economic recovery that is “less spectacular” than

in previous experiences. While output growth has improved as

government programs spurred consumption relative to housing

and autos, our concern rests on the economy¹s ability to sustain

these rates of growth as government programs wane.

Indeed, personal spending fell 0.5% in September after the “Cash

for Clunkers” program concluded in August. Consumer

confidence also weakened in October as the unemployment rate

approached 10%. Until we experience a sustainable floor in

housing and a ceiling on the unemployment rate, we suspect

output growth will rely on exports, inventories, and government outlays, areas that we characterize as “cushions” for growth.

Market Performance, US Economy: Fisher Capital Management Report - As the unemployment rate lingers within the range of 10% and Fed policymakers remain committed to keeping interest rates

low for an “extended period,” we look for real GDP to expand at an average rate of approximately 2.5% in 2010.

Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.

As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Komatsu America Corp. Introduces the WA1200-6 Wheel Loader

Fisher Capital News Update: Keep updated on recent events, press releases and latest machineries to avoid scam.

FISHER CAPITAL CONSTRUCTION MANAGEMENT - Construction Machineries, Suppliers Directory and Others. Meets EPA Tier 2 Emissions Regulation With More Horse Power, Reliability, Durability, Lower Fuel Consumption, Increased Productivity, Enhanced Operator Cab and Easier Maintenance, 1892 Gross HP (SAE J1995), 1765 Net HP (SAE J1349) @ 1800 rpm, Engine RPM control system with auto deceleration New variable transmission cut-off system, New dual-mode active working hydraulic system, Additional torque converter cooler, Increased hydraulic cooling capacity, Extended service intervals

Rolling Meadows, IL, September 8, 2010 — Komatsu America Corp. (KAC) today introduced its new WA1200-6 Wheel Loader for use in mining applications. Based on extensive customer input and feedback, the new loader includes environmental, technological and ergonomic enhancements for even greater productivity, while lowering operating costs.

The new WA1200-6 is powered by a highly-efficient Komatsu SAADA16V160E-2 engine that delivers 1892 Gross HP at 1800 RPM. With an operating weight of 477,100 lbs., the new loader offers increased fuel efficiency, while meeting all EPA Tier 2 emissions requirements.

Special features of the WA1200-6 include:

Productivity Performance

The engine net output of the WA1200-6 has been increased by 132 HP to 1765 HP at 1800 RPM. The use of an electronic governor results in low fuel consumption, with quick throttle response to match the machine’s powerful tractive effort and fast hydraulic response.

The new dual-mode active working hydraulic system allows the operator to select between normal and powerful loading, while the optimum oil flow in the working system increases efficiency and reduces cycle times. Increased engine output and the optimized hydraulic system provide outstanding production and performance.

Operator Enhancements

The engine RPM control system with auto deceleration allows the operator to set the engine RPM at the optimum work performance level and control speed smoothly with the accelerator. The variable transmission cut-off system for the left brake pedal is adjustable by a switch at the operator’s seat. When loading, the low setting reduces brake impact to prevent spillage, while the high setting can be used for traveling.

Improved Reliability and Durability

An additional torque converter cooler was added as standard equipment to reduce oil temperature and increase cooling capacity. For hydraulic cooling, a new pump with increased oil capacity was added and the circulation was revised to lower oil temperature. Two additional air cleaners were added and the size of the elements increased to 15 inches for more capacity.

Komatsu America Partners with Pedregon Racing, Two-time NHRA Funny Car world champion Tony Pedregon’s Chevrolet Funny Car will feature primary sponsorship from Komatsu America Corp. for the O’Reilly Auto Parts NHRA Nationals, Sept. 17-19, at Charlotte, NC.

“Komatsu America is excited to be sponsoring Tony Pedregon’s car,” said Erik Wilde, Vice President, Product Marketing, Komatsu America Corp. “Tony’s reputation as a world champion aligns well with Komatsu’s world-wide reputation for producing outstanding equipment.”

Komatsu will also be an associate sponsor on the Pedregon Racing Funny Car and on Cruz Pedregon’s Snap-on Racing Tools Funny Car, with races slated for Sept. 23-26 at Dallas, TX, Oct. 7-10 at Reading, PA, Oct. 28-31 at Las Vegas, NV, and Nov. 11-14 at Pomona, CA.

“Komatsu is an international leader in the field of construction and mining equipment,” said Pedregon during the announcement. “We are pleased to promote awareness of the brand to our race fans as well as the Komatsu dealers and their customers.”

Tony Pedregon is one of 10 Funny Car drivers competing for final positions in NHRA’s Countdown to 1 playoffs. This weekend’s event is the second of six title-deciding races.

Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd. which is the world’s second largest manufacturer and supplier of construction, mining and compact construction equipment. Komatsu America also serves forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support the equipment. Komatsu has proudly been providing high-quality reliable products for nearly a century. Visit the website at www.komatsuamerica.com for more information.