latest news releases from the newsroom
Beacon Events Ltd
11th Annual 3G World Congress & Mobility Marketplace Opens in Hong Kong
HONG KONG, Dec. 3, 2006 (PRIME NEWSWIRE) -- The 11th Annual 3G World Congress & Mobility Marketplace, Asia's largest wireless event, opened today at the Hong Kong Convention and Exhibition Centre. From 4-7 December 2006, over 1500 participants including 170 top-level speakers from around the world will gather for this event to explore emerging trends, market opportunities and global key issues affecting the wireless industry.
Beceem Introduces Industry's First Mobile WiMAX Wave 2 Terminal Chipset
HONG KONG, Dec. 2, 2006 (PRIME NEWSWIRE) -- In a move that continues its leadership in Mobile WiMAX, Beceem Communications (www.beceem.com) today announced the immediate availability of the industry's first baseband and RF chipset that supports all features of the Mobile WiMAX Wave 2 Profile. The BCS200 chipset, which includes advanced smart antenna technologies such as MIMO and beamforming plus Beceem's CMOS direct conversion radio, continues to set the industry standard for performance.
Keller Rohrback L.L.P.
Keller Rohrback L.L.P., Kirby McInerney & Squire, L.L.P, and Schiffrin & Barroway, LLP Announce Ruling in JPMorgan Chase Cash Balance Plan Litigation
NEW YORK, Dec. 1, 2006 (PRIME NEWSWIRE) -- Class Counsel who have filed a class action complaint against the pension plan maintained by JPMorgan Chase & Co. (NYSE:JPM) on behalf of all participants in the JP Morgan Chase Retirement Plan, In re J.P. Morgan Chase Cash Balance Litigation, today announce that the Honorable Judge Harold Baer, Jr. has denied JP Morgan's motion to dismiss the case. In an opinion dated October 30, 2006, United States District Court Judge Baer of the Southern District of New York upheld the Plaintiffs' claim that the JPMorgan Chase "cash balance" formula pension plan discriminates based on age, in violation of the Employee Retirement Income Security Act ("ERISA"), allowing plaintiffs' claim to proceed. Judge Baer ruled that under a cash balance plan, "the age discrimination arises because . . . older workers accrue their retirement benefits at a slower rate than similarly situated younger workers." The Court also upheld Plaintiffs' claims that the JP Morgan Chase Retirement Plan failed to provide participants with adequate notice when implementing the cash balance formulas for the Plan and its predecessors.
Global Income Fund
Global Income Fund Declares Quarterly Dividend
NEW YORK, Dec. 1, 2006 (PRIME NEWSWIRE) -- A quarterly dividend distribution of $.07 per share for the quarter ending December 31, 2006 was declared today by Global Income Fund, Inc. (AMEX:GIF), payable December 29, 2006 to shareholders of record December 18, 2006.