Do Falling Oil Prices Signal Bearish Stock Market?
Some argue that falling oil prices are bullish for the economy and stock market because falling oil prices put more money in consumers' pockets while others argue that declining oil prices will crimp the energy industry (NYSEARCA:XLE) and even global ...
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Stock Market's Recovery Is Led by Drugmakers
For stocks, it's just what the doctor ordered. Health care companies are leading the market's rebound from a sharp sell-off two weeks ago, helping push the Dow Jones industrial average and Standard & Poor's 500 index back to record levels. The industry ...
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As Stryker Hip Lawsuits Settle, Bernstein Liebhard LLP Notes Release of National Joint Replacement Registrys Inaugural Annual Report
New York, New York (PRWEB) November 13, 2014
In light of a recently-announced agreement to settle thousand of Stryker hip lawsuits (http://www.consumerinjurylawyers.com/stryker-rejuvenate/stryker-hip-lawsuits/) involving the 2012 recall of Rejuvenate and ABG II Modular-Neck Hip Stems, Bernstein Liebhard LLP notes the release of the inaugural Annual Report from the newly-launched American National Joint Registry. The report, which was released on November 6th by the American Academy of Orthopaedic Surgeons, includes data on roughly 43,000 hip and knee replacement surgeries performed at 120 U.S. hospitals in 2013, and reflects about 4.5% of such procedures performed annually. For now, the information collected by the registry includes data on gender, the age of patients, revision surgeries, and use of diagnostic codes. In the future, the registry will begin collecting information on post-operative complications and other more complex data.*
Our Firm is representing numerous individuals who were allegedly harmed by Strykers now-recalled Rejuvenate and ABG II hip stems. The information collected by this new registry may be useful in detecting the types of problems that result from artificial hips, says Bernstein Liebhard LLP, a nationwide law firm representing the victims of defective drugs and medical devices.
Stryker Hip Settlement
The Stryker hip recall was announced in July 2012, after the Rejuvenate and ABG II hip stems were found to be vulnerable to fretting and corrosion at the modular-neck junction. According to Stryker, this may place recipients of the implants at risk for adverse local tissue reactions, pain and swelling. The company has recommended that all patients fitted with one of these devices undergo medical testing and imaging screening to ensure their device is performing as intended, even if they have not experienced any symptoms that would suggest otherwise.**
Since the recall was issued, thousands of Stryker hip lawsuits have been filed in state and federal courts on behalf of individuals who were allegedly harmed by the metal hip components. On November 3, 2014, the Stryker hip settlement program was announced in New Jerseys Bergen County Superior Court, where more than 2,100 claims involving the Rejuvenate and ABG II components are currently pending. (In Re Stryker Rejuvenate Hip Stem and the ABG II Modular Hip Stem Litigation, No. 296) The settlement could resolve those cases, as well as nearly 2,000 others that have been filed in a federal multidistrict litigation now underway in U.S. District Court, District of Minnesota. (In re: Stryker Rejuvenate and ABG II Hip Implant Products Liability Litigation, No. 244)
According to court documents, the global settlement program provides for gross base awards of $ 300,000 per failed implant, with potential deductions and enhancements based on the particulars of each case, including additional compensation for claimants who suffered complications during revision surgery and for other damages, including future surgeries caused by complications. The settlement also provides compensation for individuals who need a revision but are medically unable to undergo the surgery. Claimants may begin receiving their awards by the summer of 2015.
There is no overall cap or fixed fund for Strykers liability under this settlement program. According to the Associated Press, Stryker has disclosed that it will pay at least $ 1.43 billion to fulfill the terms of the agreement.***
To learn more about Bernstein Liebhard LLP and its involvement in the Stryker hip recall litigation, please visit the Firms website. To arrange for a free case review, please call 800-511-5092.
*modernhealthcare.com/article/20141107/NEWS/141109960/first-data-flows-from-national-registry-tracking-joint-replacements, Modern Health Care, November 7, 2014
***abcnews.go.com/Business/wireStory/stryker-pay-143b-settle-hip-implant-cases-26664666, Associated Press, November 3, 2014
About Bernstein Liebhard LLP
Bernstein Liebhard LLP is a New York-based law firm exclusively representing injured persons in complex individual and class action lawsuits nationwide since 1993. As a national law firm, Bernstein Liebhard LLP possesses all of the legal and financial resources required to successfully challenge billion dollar pharmaceutical and medical device companies. As a result, our attorneys and legal staff have been able to recover more than $ 3 billion on behalf of our clients. The Firm has been named by The National Law Journal to the Plaintiffs Hot List, recognizing the top plaintiffs firms in the country, for the past 12 consecutive years. Bernstein Liebhard LLP is the only firm in the country to be named to this prestigious list every year since it was first published in 2003.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
London, UK (PRWEB UK) 12 November 2014
Outbound travellers from the UK will enjoy cheaper travel expenses due to the weakening Euro, compared to many foreign currencies.
Financial Times on 6th Thursday reported, The Euro has turned around from a day-long rally to fall to a two-year low after the European Central Bank sent a clear signal that it is prepared to undertake more stimulus.
That is a Euro 44 extra bonus, which is good news for UK travellers shopping in Europe this Christmas, stated Senior Manager Trevor Samuel of BestForeignExchange.com.
It is estimated that over 3 million people will travel during this Christmas and New Year period. If they buy their travel money in advance, they will benefit from the weakening Euro and will receive more value when travelling to the continent.
BestForeignExchange.com, the online arm of Thomas Exchange Global Ltd, has found that a lot of its customers are seeing this benefit when they exchange British pounds into Euro. In addition to Euro, the currencies pegged to Euro such as Croatian Kuna, Czech Koruna, Romanian New Leu, Bulgarian Lev and Serbian Dinar, are expected to depreciate. However, these attractive exchange rates are not offered to customers in some instances, especially at airports and when using bank cards where charges are applicable.
My advice is to buy currencies in advance avoiding poor rates at airports and reap the benefit of the upward trend in the market, concluded Samuel.
About Best Foreign Exchange.com
Owned and operated by Thomas Exchange Global, BestForeignExchange.com offers the most competitive exchange rates in London and customers that reserve currencies online will be assured the same exchange rate until close of business on the particular day despite any adverse fluctuations. They stock the widest range of foreign currencies in London with over 120 types of foreign bank notes. All foreign currency buy/sell transactions are free of any commission or charges.
Thomas Exchange Global also offers International Money Transfer Service where funds can be remitted to overseas bank accounts within 1 to 2 days. With commission free service for transfers over
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Big Slump Is No Cause to Ditch Stock Market
After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. But, even as stocks were plunging last week, strategists and professional investors were telling their ...
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Stock market looks like 'a sucker trade': Trader
The U.S. stock market increasingly looks like the best house on a worsening global block, but it's far from a no-brainer, RiskReversal.com's Dan Nathan said Monday. "Yeah, it's still the best, but I think it's a sucker trade, to be very frank with you ...
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Washington, DC (PRWEB) October 31, 2014
To accommodate growth, the World Resources Institute (WRI), a global research organization, has signed a lease to extend and expand at 10 G Street, NE, in Washington, DCs, NoMa submarket. Savills Studley, the leading global commercial real estate firm specializing in tenant representation, advised the organization in the 65,609 square foot lease restructure.
Weve grown rapidly in recent years and needed more space. We considered moving but decided that renovating and expanding in the same building we have been in since the 1990s was the best solution for us to accommodate more staff and better meet our mission, said Steve Barker, WRI Chief Financial and Administrative Officer. Sustainability is central to our mission and this is reflected in our offices. We hope our space and practices will serve as a model for others who are concerned about the future of the planet.
The World Resources Institute currently occupies the 8th floor and a portion of the 7th floor. The organizations Washington office will expand by approximately 14,000 square feet to fully occupy both floors once the renovations are completed.
According to Savills Studley Executive Vice President Tom Fulcher, who advised WRI and negotiated the transaction on WRIs behalf, the team considered a number of possibilities, including relocation, to accommodate WRIs growth and long-term goals. After evaluating all the alternatives, including several relocation options, expanding at 10 G Street NE was really the best decision for WRI. Not only will they enjoy additional space on the 7th floor, but they have the flexibility to expand again as they continue to grow. Being in close proximity to Union Station with access to multiple forms of transportation is also a real advantage for their organization.
The Savills Studley team included Executive Vice Presidents Tom Fulcher and Art Greenberg. Senior Managing Director Steve Tassi is serving as Project Manager for the expansion and renovation construction.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firms comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 25 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit http://www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.
About World Resources Institute
WRI is a global research organization that spans more than 50 countries, with offices in the Brazil, China, India, Indonesia, the United States and more. WRIs more than 450 experts and staff work to turn big ideas into action to sustain the natural resources that are the foundation of economic opportunity and human well-being. WRIs work focuses on six critical issues at the intersection of environment and development: climate, energy, food, forests, water, and cities and transport.
For more information, visit http://www.wri.org and follow us on Twitter @WorldResources
Related Stock Market Press Releases
Retail Solutions Named One of Silicon Valley’s Fastest-Growing Private Companies for the Third-Consecutive Year
Mountain View, Calif. (PRWEB) October 30, 2014
Retail Solutions Inc.(RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry has been named to the 2014 Silicon Valley Business Journal http://www.bizjournals.com/sanjose/news/2014/10/24/the-50-fastest-growing-private-companies-in.html) list of the Valley's fastest-growing private companies announced during a reception on Oct. 23, 2014. The annual ranking is based on percentage change in net revenue from 2011-2013. RSi, the retail intelligence and data sharing platform used by more than 500 global consumer-products companies, appeared on the list at #20 this year, up three positions from its 2013 placement and well above its 2012 debut at #49.
RSi has seen significant revenue growth in 2014 as global demand for its platform has skyrocketed. Today, 22 of the top 25 global CPG companies use RSi to turn daily downstream data into actionable insights into the store and onto the shelf. The company continues to experience month-over-month revenue growth and attract the attention of major retailers and consumer brands.
By encouraging collaboration and the sharing of daily POS data, RSi is disrupting the CPG industry and turning the retailer and supplier relationship on its head," said Jon Golovin, CEO of RSi. "We collect and bring value to billions of data points on products every day. This new level of insight helps brands ensure the right product is available to consumers when and where they want to make a purchase helping suppliers and retailers realize the new ROI opportunity that exists on the store shelf.
The Silicon Valley Business Journal ranking is one of many accolades RSi has achieved in 2014. The company was also named to the Inc. 500|5000 list of America's fastest-growing private companies for the fifth consecutive year.
Retail Solutions Inc. (RSi) turns retailer data into opportunity in the store, on the shelf and with shoppers worldwide. Designed to automate the path to purchase and drive value across the supply chain, RSis proprietary algorithms, business processes and suite of intelligent, cloud-based applications help the worlds leading consumer goods manufacturers listen and respond quickly to consumer demand ensuring the right product, is in the right store, at the right time. Each day, the RSi platform processes billions of records from 100 major retailers in more than 150,000 locations throughout the world and turns the data into actionable insights for immediate decision making. From solving out-of-stocks, to identifying inaccuracies in the supply chain, to optimizing digital marketing efforts, RSi maximizes product availability, uncovers new business opportunities and drives sales. The RSi platform is trusted by more than 500 global CPG companies including such household names as Colgate-Palmolive, Nestl
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