Wednesday, August 24, 2011

Fisher Capital Management Korea Latest News Updates : ‘Grandparent Scam’ Tricking Older Ohioans Out Of Thousands


http://www2.nbc4i.com/news/2011/aug/15/5/grandparent-scam-tricking-older-ohioans-out-thousa-ar-688010/

Sunday, August 7, 2011

Fisher Capital Management Korea Latest News Update: Lotte Chilsung absorbs liquor affiliate

SEOUL, July 28 (Yonhap) — South Korea’s top soft drink maker Lotte Chilsung Beverage Co. said Thursday that it decided to absorb and merge with Lotte Liquor BG Co., its alcoholic beverage affiliate, to boost shareholder value.
Lotte Chilsung said the merger will take effect on Oct. 1, and the merger ratio will be 1:0. Lotte Chilsung holds a 100 percent stake in Lotte Liquor.
“The merger is aimed at maximizing shareholder value by improving our earnings structure and laying the foundation for sustainable growth,” Lotte Chilsung said in a statement.
Lotte Chilsung set up Lotte Liquor in 2009 when it took over the liquor business of Doosan Corp. for 503 billion won (US$447.9 million).
Lotte Chilsung reported 1.3 trillion won in sales in 2010, with Lotte Liquor’s revenue reaching 404 billion won in sales. Lotte Chilsung is a subsidiary of Lotte Group, one of the leading conglomerates in South Korea.
Shares of Lotte Chilsung rose 0.14 percent to 1.46 million won on the Seoul bourse as of 10:45 a.m.

Tuesday, August 2, 2011

Fisher Capital Management Korea Latest News Update: Scientists claim to have created glowing dog

SEOUL, July 27 (Yonhap) — South Korean scientists said Wednesday that they have created a glowing dog using a cloning technique that could help find cures for human diseases such as Alzheimer’s and Parkinson’s.
A research team from Seoul National University (SNU) said the genetically modified female beagle, born in 2009, has been found to glow fluorescent green under ultraviolet light if given a doxycycline antibiotic.
The researchers, who completed a two-year test, said this ability to glow can be turned on or off by using an inducer drug in feed. This makes the dog, named Tegon, the world’s first inducible transgenic cloned dog.
“The creation of Tegon opens new horizons since the gene injected to make the dog glow can be substituted with genes that trigger fatal human diseases,” said lead researcher Lee Byeong-chun, a professor at SNU.
He said the dog was created using the somatic cell nuclear transfer technology that the university team used to make the world’s first cloned dog, Snuppy, in 2005.
The scientist said that because there are 268 illnesses that humans and dogs have in common, creating dogs that artificially show such symptoms can fuel treatment methods for diseases that afflict humans.
“Compared to mice that are most frequently used at present, dogs are closer to humans in overall size and show many of the same symptoms when they become sick with diseases like Alzheimer’s,” Lee said.
Mice sometimes respond differently to human illnesses, which make them less effective in findings cures, he added.
The veterinary scientist added that while it takes time to make dogs like Tegon, such animals can breed and give birth to puppies that have the same genetic characteristics.
“This means it will be relatively easy to mass produce such dogs for experiments,” he said.
The SNU team said it plans to make dogs that can develop various types of human diseases if given doxycycline.
The latest discovery published in Genesis, an international journal, took four years of research with roughly 3.2 billion won (US$3 million) being used to make the dog and conduct the necessary verification tests.