Tuesday, July 3, 2012

Google makes bid to dodge European antitrust fine

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Source: http://news.yahoo.com/google-makes-bid-dodge-european-antitrust-fine-203804494--finance.html

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Monday, July 2, 2012

Ancient Mars Water Existed Deep Underground

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Source: http://news.yahoo.com/ancient-mars-water-existed-deep-underground-164725654.html

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Robust financial risk management through high performance computing

Robust financial risk management through high performance computing [ Back to EurekAlert! ] Public release date: 2-Jul-2012
[ | E-mail | Share Share ]

Contact: Juho Kanniainen
juho.kanniainen@tut.fi
358-407-074-532
Tampere University of Technology

While dealing with the ongoing financial crisis, the European financial world and academic researchers are facing major challenges to create and apply more reliable quantitative models to manage risks. Simultaneously, new computationally challenging financial products combining traditional investments with insurance policies are gaining popularity. These challenges have increased the demand for experts in finance with superior computing skills.

The HPCFinance network aims to proactively train young people to respond to the future requirements and provide solutions to manage financial risks by high-performance computing (HPC). The network will help improve the financial strength of banks, pension funds, insurance companies, other financial institutions and households in Europe. In achieving these goals, HPCFinance will provide the European finance community with new robust financial models and specialists in computational finance holding state-of-the-art skills. HPCFinance is a Marie Curie Initial Training Network, funded by the European Commission with the budget of EUR 4,101,000 within the 7th Framework Programme.

Research and training will be provided in robust financial models and numerical methods on HPC platforms with emphasis on hybrid products and asset and liability management. HPCFinance stands at the crossroads of computational finance and technology. "The main goal is to train PhDs who are experts not only in quantitative finance but also in high-performance computing. At the same time, we help the European financial sector to apply new models, numerical methods and computational platforms", says project coordinator, Associate Professor Juho Kanniainen from Tampere University of Technology, Finland. The project develops and integrates more realistic robust models for volatility, interest rate and counterparty risk on efficient HPC platforms.

The intended research is not only academically but also practically relevant as the programme is built around real life challenges identified together by the academic and private sector partners. "In fact, regulatory initiatives such as Basel III and Solvency II require the financial industry to gear up to more robust standards in real-time and enterprise wide risk management", says Erik Vynckier, Investment Director at the Scottish Widows Investment Partnership (SWIP) relates. According to Vynckier, "the HPC Finance initiative aims to help the European financial industry to routinely adopt the most advanced modelling techniques and computational platforms available today".

HPCFinance consists of eight companies and seven universities representing investment and insurance companies, banks, consultants and high-performance computing solution providers. In addition to producing academically valid and practically relevant research results, the training conducted in HPCFinance will enhance the partner universities' capabilities to exploit HPC technologies in their master's and PhD programmes in finance.

The partner members of the network are Scottish Widows Investment Partnership, Cambridge Systems Associates, Techila Technologies, Tampere University of Technology, Aarhus University, Maastricht University, The University of Manchester, Citigroup, Barrie & Hibbert, Maxeler Technologies, Numerical Algorithms Group, Vilnius University, Universidad de Mlaga, bo Akademi University and Bgator Ltd.

###

More information: www.hpcfinance.eu

Associate Professor Juho Kanniainen, Tampere University of Technology, Department of Industrial Management tel. +358 40 707 4532, juho.kanniainen@tut.fi

Investment Director Erik Vynckier, Scottish Widows Investment Partnership, tel. +44 131 655 8522, erik.vynckier@swip.com


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Robust financial risk management through high performance computing [ Back to EurekAlert! ] Public release date: 2-Jul-2012
[ | E-mail | Share Share ]

Contact: Juho Kanniainen
juho.kanniainen@tut.fi
358-407-074-532
Tampere University of Technology

While dealing with the ongoing financial crisis, the European financial world and academic researchers are facing major challenges to create and apply more reliable quantitative models to manage risks. Simultaneously, new computationally challenging financial products combining traditional investments with insurance policies are gaining popularity. These challenges have increased the demand for experts in finance with superior computing skills.

The HPCFinance network aims to proactively train young people to respond to the future requirements and provide solutions to manage financial risks by high-performance computing (HPC). The network will help improve the financial strength of banks, pension funds, insurance companies, other financial institutions and households in Europe. In achieving these goals, HPCFinance will provide the European finance community with new robust financial models and specialists in computational finance holding state-of-the-art skills. HPCFinance is a Marie Curie Initial Training Network, funded by the European Commission with the budget of EUR 4,101,000 within the 7th Framework Programme.

Research and training will be provided in robust financial models and numerical methods on HPC platforms with emphasis on hybrid products and asset and liability management. HPCFinance stands at the crossroads of computational finance and technology. "The main goal is to train PhDs who are experts not only in quantitative finance but also in high-performance computing. At the same time, we help the European financial sector to apply new models, numerical methods and computational platforms", says project coordinator, Associate Professor Juho Kanniainen from Tampere University of Technology, Finland. The project develops and integrates more realistic robust models for volatility, interest rate and counterparty risk on efficient HPC platforms.

The intended research is not only academically but also practically relevant as the programme is built around real life challenges identified together by the academic and private sector partners. "In fact, regulatory initiatives such as Basel III and Solvency II require the financial industry to gear up to more robust standards in real-time and enterprise wide risk management", says Erik Vynckier, Investment Director at the Scottish Widows Investment Partnership (SWIP) relates. According to Vynckier, "the HPC Finance initiative aims to help the European financial industry to routinely adopt the most advanced modelling techniques and computational platforms available today".

HPCFinance consists of eight companies and seven universities representing investment and insurance companies, banks, consultants and high-performance computing solution providers. In addition to producing academically valid and practically relevant research results, the training conducted in HPCFinance will enhance the partner universities' capabilities to exploit HPC technologies in their master's and PhD programmes in finance.

The partner members of the network are Scottish Widows Investment Partnership, Cambridge Systems Associates, Techila Technologies, Tampere University of Technology, Aarhus University, Maastricht University, The University of Manchester, Citigroup, Barrie & Hibbert, Maxeler Technologies, Numerical Algorithms Group, Vilnius University, Universidad de Mlaga, bo Akademi University and Bgator Ltd.

###

More information: www.hpcfinance.eu

Associate Professor Juho Kanniainen, Tampere University of Technology, Department of Industrial Management tel. +358 40 707 4532, juho.kanniainen@tut.fi

Investment Director Erik Vynckier, Scottish Widows Investment Partnership, tel. +44 131 655 8522, erik.vynckier@swip.com


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-07/tuot-rfr062912.php

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Sunday, July 1, 2012

NY University student making film in Lake Placid

LAKE PLACID - A student at New York University's Tisch School of the Arts will be shooting segments of his upcoming film "Fort Apache" here this week.

Lake Placid village officials approved a request by filmmaker Addison Mehr to shut down Main Street to motorized traffic at 8 a.m. and 8:20 a.m. Wednesday and Thursday for a total of four, 10-minute traffic stoppages.

The traffic delays will last no longer than 10 minutes each, according to village Mayor Craig Randall.

Mehr had originally asked for traffic stoppages in the evening, but village officials were concerned about interfering with downtown business.

"Most of the shooting takes place within the theater." He said. "What he's asking for is to place three period cars - 1940s vehicles - in the spaces directly in front of the Palace (Theatre). There would be no infringement of any other parking spaces."

Traffic will be detoured at the intersection of Main Street and Mirror Lake Drive, near the High Peaks Resort and the other will redirect traffic at the intersection of Main Street and Hayes Street.

"The timeframes need to be adhered to very strictly," Randall said. "It's up to the filmmaker to make that work."

Some trustees expressed concern about interfering with morning commutes for motorists, but Trustee Jason Leon said the board needs to "open our perspective and create energy" for people who want to utilize the village "whether it's shooting a film or running a race.

"I'm all for it," Leon said.

"They do this in New York City, we ought to be able to figure it out here," Randall added.

Mehr's film is an adaptation of a short story of the same name by Alan Heathcock. The story first appeared in Heathcock's 2011 collection "Volt."

Mehr grew up in the Adirondacks and attended Westport Central School. His film is about 14-year-old Walt Freely, a boy from the small town of Krafton who, in Mehr's words, is leaving the "naive world of children" and entering a "savage world of adults." Mehr said the film includes themes of anxiety, destruction and emerging sexuality.

Source: http://www.lakeplacidnews.com/page/content.detail/id/509624.html

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BMW to hire thousands of permanent staff: report

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Source: http://news.yahoo.com/bmw-hire-thousands-permanent-staff-report-123753665--sector.html

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The Way To Improve The Price Of Your Home With Home Remodeling

Regardless of your identiity or what your thing is, you are sure to enjoy a sense of satisfaction coming from a meticulously preferred home remodeling project. If you are a newbie, you will need to familiarize your self the with various tools, zoning allows and control regulations you might need. This could look like a lot to bear in mind. How can a house owner without plenty of experience get ready for home improvement job? Checking out the advice provided in the following paragraphs is a wonderful way to start off!

Basically modernizing your kitchen appliances may actually help you save money in the end. Improving old kitchen appliances will pay will itself by creating electricity savings with time. Putting in kitchen appliances typically isn?t too difficult, so this makes it a fast but powerful choice for a residence development undertaking.

Just before starting a new project, evaluate the likely return on your own purchase. Seek out projects that can increase the amount of value to your house which means you eventually get yourself a return in the time and cash you spent. Not all the projects are equal in worth. Do your research regarding the improvements using the maximum come back.

Always be certain your bathroom has sufficient lighting any time you fix up it. Men and women are likely to target fittings when redecorating their restroom and end up forgetting that lighting is important. Look for lighting which can be quickly put in all around your treatment case or mirror, and attempt to ensure the lamps are typically replaceable.

In no way waste materials your hard earned dollars on materials that do not fulfill good quality criteria or cause a risk to yourself and your loved ones. Getting straight down new floor coverings can be costly and comparing rates can assist you in getting lowest prices. There are numerous of low cost provide stores you can check out, and also product sales at local home improvement stores.

You should use drywall dirt to incorporate feel and visible curiosity in your walls. This will also cover up any nicks or pimples. The entire process of texturing is just not hard. Trowel drywall mud and employ a stiff clean or sponge to dab at it and add more texture.

A great way to create your home stand above the remainder is to include a new coat of painting to the garage area entrance. Since a garage doorway is affected with continual exposure to the climate and sunlight, the colour swiftly fades along with the door appearance dingy. You may make your property look more modern with many fresh paint. Choose a new shade that combines in greater with all the palette of your property rather than staying with the initial, common shade.

Just before remodeling a whole ground of your residence to increase its worth, make certain that the mathematics in fact is sensible. Any redecorating ought to pay money for on its own by two many years. Don?t be sloppy and spend cash!

With all the appropriate info, you can study what you should do for just about any redesigning venture you have your center set on. All things considered, the professionals were required to learn to practice it at some point, why can?t you? Should you adhere to the above recommendations, you will be well on your way to completing do-it-your self tasks so your house is not only beautiful but also nicely-taken care of.

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Source: http://www.laytonhower.com/index.php/test/the-way-to-improve-the-price-of-your-home-with-home-remodeling/

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Sony group closes on $2.2B EMI publishing purchase

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Source: http://news.yahoo.com/sony-group-closes-2-2b-emi-publishing-purchase-162924786--finance.html

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