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Superior Graphite to Receive Century Award



CHICAGO, Nov. 14, 2017 /PRNewswire/ — Superior Graphite has been designated to receive the Century Award from the Family Business Center at Loyola University Chicago’sQuinlan School of Business. The annual awards program recognizes Illinois-based family businesses that have demonstrated a strong commitment to family business, contributions to industry and community, and innovative business practices and strategies. The award categories include Small, Medium and Large Family Business Awards, Community Service Award, the Dean’s Award, and the Century Award. 

“We are both honored and humbled to have been chosen by the esteemed panel to receive this prestigious Loyola Family Business Center Century award,” commented Edward Carney, the company’s President & CEO.

Superior Graphite celebrates a century this year: 100 years of innovation and technical expertise in manufacturing graphite and carbon-based solutions for its global customer base. The company was founded in 1917 by William J. Carney and started with a graphite mine in Alabama. In 1925, Superior Flake Graphite Company moved to Chicago and opened its Bulk Graphite plant.

In 1977, third generation company leader Peter Carney, along with the team of gifted scientists, invented a high-temperature electro-thermal purification process which propelled the company forward. Now, led by Edward Carney, a fourth generation company executive, Superior Graphite has multiple locations globally and continues to carry on the tradition of innovation, ingenuity, and customer focus.

This year’s award winners will be honored at an awards gala on Thursday, November 16, at The Four Seasons Hotel Chicago. The event attracts professionals from across the Chicagoland area.

About Family Business Center at Loyola University Chicago’sQuinlan School of Business
The Loyola Family Business Center is an interdisciplinary Center of Excellence dedicated to serving multigenerational, mid- to large-sized family businesses. The center provides learning experiences aimed at increasing effectiveness in planning, problem solving, and preparing current and future generations of family-business owners and managers.

About Superior Graphite
An innovation leader since 1917, Superior Graphite provides continuous electro-thermal treatment/purification of graphite & carbons, advanced sizing, and custom-mix technologies for energy/thermal management, metallurgy, friction, drilling material additives, non-oxide ceramics, and polymers/CASE materials. The company’s purpose-created solutions deliver outstanding quality, consistency, and performance across industries and around the globe. For more information, please visit or follow us on LinkedIn, Facebook, and Twitter.


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Suite argues that its legal action against Currenex is timely



Financial analytic software firm Suite seeks to prove that it could not have commenced its lawsuit against Currenex earlier as it was blocked from obtaining relevant information.

The copyright infringement case brought by quantitative financial analytic software firm Suite against Currenex, State Street and Frost & Fire, continues at the New York Southern District Court. On Tuesday, Suite sought to rebuff claims made Currenex and State Street with regard to timing of the legal action and the amount of damages at stake.

In brief, the plaintiffs allege that State Street infringed Suite’s copyrighted analytic trading platform software, ALib Analytic Library, by delivering the software and copyrighted source code (“ALib” or the “Copyrighted Works”) to third parties, including Frost & Fire.

Suite did not discover State Street’s wrongdoing and infringement until TradingScreen sued State Street in June 2016. In that action, TradingScreen alleged that State Street required TradingScreen to make a $400,000 payment to Frost to facilitate the delivery of the Copyrighted Works, in violation of an agreement with Suite.

State Street has argued that Suite is simply “unhappy with the deal it negotiated”, and that it is ignoring express contract terms.

In its reply, filed on Tuesday, Suite says that State Street’s infringement of the Copyrighted Works by its unauthorized delivery to TradingScreen of the Copyrighted Works (through Frost) continued at least through late-September or early-October 2014. Suite adds that the infringement for which State Street is responsible continued through a date within the three years prior to the commencement of this action, on September 17, 2017. Hence, the copyright claims are dubbed timely.

According to the plaintiffs, State Street’s argument that its alleged infringement should have been discovered in early 2014 (more than three years prior to the commencement of this action) ignores allegations that State Street actively concealed its infringing activity with fraudulent misrepresentations and by taking affirmative steps to block Suite from obtaining further information about the infringement.

In addition, Suite notes that State Street’s argument that the Court should impose a $50,000 ceiling on Suite’s damages based upon a damages limitation provision in the Agreement should be summarily rejected. According to the plaintiff, once State Street exceeded the scope of the Agreement it became a “stranger” to Suite and an infringer. Hence, the damage limitation in the Agreement does not apply to Suite’s copyright damages. Also, under New York law, when a party acts willfully and in bad faith, as alleged herein, it loses the benefit of a damage limitation in a contract.

Earlier this week, Frost & Fire, another of the defendants in this case, sought to dismiss the complaint by arguing that Suite had failed to satisfy the procedural requirements of service of process. Suite has not yet replied to Frost & Fire’s motion.

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Asian Tradebuddy.onlines Extend Gains Ahead Of Fed Minutes



(RTTNews) – Asian stocks finished broadly higher on Wednesday after the major U.S. averages hit fresh record closing highs overnight, buoyed by upbeat corporate earnings results and higher commodity prices.

Investors remained focused on the minutes from the latest Fed and ECB meeting due today and tomorrow, respectively.

China’s Shanghai Composite index rose by 20 points or 0.59 percent to 3,430.46 while Hong Kong’s Hang Seng index was up 0.6 percent to breach the 30,000 mark for the first time in a decade.

Japanese shares edged higher after Wall Street’s record overnight finish. The benchmark Nikkei ended up 106.67 points or 0.48 percent at 22,523.15 while the broader Topix index gained 0.34 percent to close at 1,777.08. TDK, Toshiba, Japan Steel Works, Fuji Electric and Mitsubishi UFJ Financial climbed 2-6 percent.

Australian shares finished higher as rising oil and metals prices helped lift commodity-related stocks. The benchmark S&P/ASX 200 index gained 22.90 points or 0.38 percent to end at 5,986.40 while the broader All Ordinaries index closed 0.39 percent higher at 6,067.60.

Santos, Oil Search, Woodside Petroleum and Origin Energy climbed 1-2 percent as oil hovered near a two-year high on expectations of a production cut next week at an OPEC meeting. Higher iron ore prices helped lift miners, with BHP Billiton rising 1.4 percent and Rio Tinto closing up 0.9 percent.

Banks ended mostly lower. Webjet shares fell as much as 11.6 percent after the online travel booking company issued a disappointing earnings forecast.

On the economic front, the latest survey from Westpac Bank revealed that Australia’s economy continued to expand in October. Another report from the Australian Bureau of Statistics showed that the value of total construction work done in Australia surged a seasonally adjusted 15.7 percent sequentially in the third quarter of 2017.

South Korea’s Kospi average rose 9.81 points or 0.39 percent to 2,540.51, with tech stocks once again leading the surge. Samsung Electronics, SK Hynix and LG Electronics jumped 1-3 percent.

In economic releases, South Korea’s household debt grew at a slower pace in the third quarter, figures from Bank of Korea showed today. The annual growth in household credit eased to 9.5 percent from 10.4 percent a quarter ago.

New Zealand shares eked out modest gains as milk marketer A2 Milk rallied for the second straight session on the back of analyst upgrades.

The benchmark S&P/NZX-50 index rose 16.51 points or 0.20 percent to 8,104.99 while A2 Milk shares jumped as much as 5.2 percent to close at $8.69. Fisher & Paykel Healthcare fell nearly 5 percent to extend Tuesday’s losses.

Singapore’s Straits Timex index was up 0.4 percent, extending gains for the fourth straight session. Malaysia’s KLSE Composite index was rising 0.2 percent ahead of the October inflation data due later in the day.

Benchmark indexes in India, Indonesia and Taiwan were up between 0.4 percent and 0.6 percent.

Overnight, U.S. stocks rose sharply to reach fresh record closing highs in the wake of upbeat earnings news and better-than-expected housing data. The Dow and the S&P 500 rose about 0.7 percent each while the Nasdaq Composite rallied as much as 1.1 percent.


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