Las Vegas Sands Corporation Agrees to Pay Nearly $7 Million Penalty to Resolve FCPA Charges Related to China and Macao

Las Vegas Sands Corp. (Sands), a Nevada-based gaming and resort company, agreed to pay a $6.96 million criminal penalty to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) in connection with business transactions in the People’s Republic of China (PRC) and Macao.

Acting Assistant Attorney General David Bitkower of the Justice Department’s Criminal Division and Special Agent in Charge Aaron C. Rouse of the FBI’s Las Vegas, Nevada, Field Office made the announcement.     

According to admissions by Sands made in connection with the resolution, certain Sands executives knowingly and willfully failed to implement a system of internal accounting controls to adequately ensure the legitimacy of payments to a business consultant who assisted Sands in promoting its brand in Macao and the PRC, and to prevent the false recording of those payments in its books and records.  Sands continued to make payments to the consultant despite warnings from its finance staff and an outside auditor that the business consultant had failed to account for portions of these funds.  In addition, Sands terminated the finance department employee who raised concerns about the payments.  

In total, from 2006 through 2009, Sands paid approximately $5.8 million to the business consultant without any discernable legitimate business purpose, it admitted.  

Sands entered into a non-prosecution agreement and has agreed to continue to cooperate with the department in any ongoing investigations and prosecutions relating to the conduct described in the agreement, including of individuals, to enhance its compliance program, and to report to the department on the implementation of its enhanced compliance program.

Pursuant to the non-prosecution agreement, Sands will pay a $6.96 million criminal penalty, which reflects a 25-percent reduction off the bottom of the applicable U.S. Sentencing Guidelines fine range.  The department reached this resolution based on a number of factors, including the nature and seriousness of the internal controls violations, and the fact that Sands fully cooperated in the investigation and fully remediated.  Sands’ cooperation included conducting a thorough internal investigation and voluntarily collecting, analyzing and organizing voluminous evidence and information for the government in response to requests, including translating key documents.  

Sands no longer employs or is affiliated with any of the individuals implicated in the conduct described in the agreement, and it engaged in extensive remedial measures, including revamping and expanding its compliance and audit functions and programs and making significant personnel changes, such as the retention of new leaders of its legal, compliance, internal audit and financial gatekeeper functions.    

In related proceedings, on April 7, 2016, the U.S. Securities and Exchange Commission (SEC) filed a cease and desist order against Sands, whereby Sands agreed to pay a civil penalty of approximately $9 million.  

The FBI’s Las Vegas field office investigated the case, and the case was prosecuted by Trial Attorney David M. Fuhr of the Criminal Division’s Fraud Section.  The department appreciates the cooperation and assistance provided by the SEC, the U.S. Attorney’s Office for the District of Nevada and the Criminal Division’s Office of International Affairs in this matter.  

The Fraud Section is responsible for investigating and prosecuting all FCPA matters.  Additional information about the Justice Department’s FCPA enforcement efforts can be found at www.justice.gov/criminal/fraud/fcpa.

Las Vegas Sands NPA

China Labor Market Keeping Upward Trend in the Fourth Quarter of 2016

BEIJING, Jan. 19, 2017 /PRNewswire/ — Zhaopin Limited (NYSE: ZPIN) (“Zhaopin” or the “Company”), a leading career platform[1] in China focused on connecting users with relevant job opportunities throughout their career lifecycles, and the China Institute for Employment Research (“CIER”)  at Renmin University released the CIER Employment Index Report for the fourth quarter of 2016. The labor market in China maintained its upward trend as the CIER index reached its highest level since the first quarter of 2015, providing a favorable environment for job seekers.

Based on data from Zhaopin’s online platform, the CIER index tracks the ratio changes between job vacancies and job seekers in a variety of industries and cities across the country, and identifies the overall trend in China’s employment market. Jointly published by Zhaopin and the CIER at Renmin University, the CIER index has become a leading barometer of China’s labor market and macro-economic environment.

The CIER index score is calculated by dividing the number of job vacancies during a specified period by the number of unique job seekers during the same period. A CIER index score of more than 1 indicates that the labor market is booming, with more vacancies than job seekers. A CIER index score of less than 1 indicates that the labor market competition is intensifying, with more job seekers than available vacancies.

China Fourth-Quarter 2016 Labor Market Highlights:

  • The labor market in China kept its upward momentum in the fourth quarter of 2016 with the CIER index reaching 2.41, the highest since the first quarter of 2015, compared with 2.22 in the third quarter and 1.93 in the second quarter of 2016. This is an indication of bright prospects for those seeking new employment.
  • Internet and e-commerce continued to be the best-performing sector and energy/mineral/mining/smelting remained the worst-performing sector.
  • Except for Northeast China, the CIER index for all other regions improved in the fourth quarter from the third quarter of 2016.
  • Micro-sized companies (companies with fewer than 20 employees) had the highest CIER index score of 2.10 in the fourth quarter of 2016, followed by 1.81 for large companies (companies with more than 10,000 employees).
  • The CIER index is very likely to decline in the first quarter of 2017.

CIER Index Reaching All Year High in the Fourth Quarter of 2016

The job market in China had been on a declining trajectory in 2015 as the economic growth slowed down. With the overall economy improving in 2016, the job market reversed its declining trend and started to move upward since the second quarter of 2016. The momentum continued in the fourth quarter with the CIER index reaching 2.41, the highest level since the first quarter of 2015, compared with 2.22 in the third quarter and 1.93 in the second quarter of 2016.

Excluding the effects of seasonality and changing demographics, which have traditionally resulted in a long-term rise in the CIER index scores, the quarterly adjusted CIER index for the fourth quarter of 2016 showed a significant increase, indicating the continuing improvement in China’s labor market.

According to Zhaopin’s data, total online recruitment demand increased by 43% year-over-year in the fourth quarter of 2016, compared with a 35% year-over-year growth in the third quarter of 2016. As the economy improved, the labor market in China had gained momentum in the fourth quarter with increasing job demand year-over-year.

CIER Index by Sectors

With the economy continuing to undergo a shift from an industrial, manufacturing-based economy to one that is more service-based”, the performance of different sectors continued to polarize in the fourth quarter of 2016. Internet and e-commerce was still the best-performing sector with a CIER index of 10.89, up from 7.28 in the third quarter. Insurance, funds/securities/futures/investment, traffic/transportation and intermediary service sectors were also performing well by CIER index rankings.

Ten best-performing sectors in the fourth quarter of 2016

Ranking

Sector

CIER index

1

Internet/e-commerce

10.89

2

Insurance

5.69

3

Funds/securities/futures/investment

5.39

4

Traffic/transportation

5.08

5

Intermediary service

4.99

6

Farming/forestry/animal husbandry/fishery

4.67

7

Computer software

4.20

8

Education/training/college

3.38

9

Media/publishing/film and television/culture dissemination

3.33

10

Real estate/construction/building materials/engineering

3.30

The worst performing sectors by CIER index ranking in the fourth quarter of 2016 included energy/mineral/mining/smelting, printing/packaging/papermaking, and inspection/testing/authentication. These traditional industries were under great pressure from the economic restructuring. Still, a positive sign was that the CIER index for these industries did improve in the fourth quarter compared with the third quarter of 2016.

Ten worst-performing sectors in the fourth quarter of 2016

Ranking

Sector

CIER index

1

Energy/mineral/mining/smelting

0.35

2

Printing/packaging/papermaking

0.38

3

Inspection/testing/authentication

0.40

4

Environmental protection

0.42

5

Office supplies and equipment

0.43

6

Petroleum/petrochemical/chemical

0.46

7

Electricity/power/water conservancy

0.54

8

Instruments/apparatuses/industrial automation

0.57

9

Medical equipment/apparatus and instruments

0.59

10

Property management/business center

0.60

IT and internet sector continued to generate huge job demand and to attract an influx of talents. In the fourth quarter of 2016, the job demand from this sector jumped by 48% year-over-year. Computer software posted the fast growth of 84% in job demand in the fourth quarter year-over-year. Most e-commerce companies had year-end promotions in the fourth quarter, which resulted in a 47% increase in job demand from internet/e-commerce companies.

Year-over-year change in recruitment demand for  
IT/Internet sector in the fourth quarter of 2016

IT/Internet

48%

IT service (system, data, maintenance)

15%

Internet/e-commerce

47%

Computer software

84%

Computer hardware

19%

Online games

19%

The real estate sector was still an important industry with increasing job demand in the fourth quarter of 2016, even though many cities had imposed purchase restrictions to curb the real estate bubble. The overall job demand in the sector went up 37% in the fourth quarter year-over-year.

Year-over-year change in recruitment demand for
real estate sector in the fourth quarter of 2016

Nationwide

37%

First-tier cities

12%

Emerging first-tier cities

45%

Second-tier cities

55%

Third-tier cities

61%

The financial sector saw recruitment demand increased by 19% in the fourth quarter of 2016 year-over-year, below the average growth rate of 43% nationwide.

Year-over-year change in recruitment demand for
financial sector in the fourth quarter of 2016

Nationwide

19%

First-tier cities

12%

Emerging first-tier cities

33%

Second-tier cities

21%

Third-tier cities

20%

Traffic/transportation sector enjoyed the highest growth in job demand among all sectors with an 82% increase in the fourth quarter of 2016 year-over-year. The central and local governments had approved huge investments to improve the transportation infrastructure. The year-end promotions by e-commerce companies also created surging demand for courier services.

CIER Index by Regions and Cities

In the fourth quarter of 2016, Eastern China had the highest CIER index score of 2.07, followed by 1.94 for Central China and 1.77 for Western China. Except for Northeast China, the CIER index for all other regions improved in the fourth quarter over the third quarter of 2016. Among all regions, Central China saw the fastest increase in job demand at 73% in the fourth quarter year-over-year.

Northeast China was still the lowest with a CIER index score of 1.40 in the fourth quarter of 2016, the same as the third quarter. However, there were some positive signs as the government has introduced new initiatives to rejuvenate the economy in Northeast China. The job demand in the region increased by 59% in the fourth quarter year-over-year, higher than the 35% growth in the third quarter.

CIER index by regions

Region

4Q CIER

3Q CIER

Eastern China

2.07

1.75

Central China

1.94

1.69

Western China

1.77

1.59

Northeast China

1.40

1.40

With the development of the internet economy, emerging first-tier cities and lower-tier cities witnessed faster economic growth than first-tier cities, leading to more job demand in these cities and higher CIER index scores in the fourth quarter of 2016. The job market in the first-tier cities had become saturated with a CIER index of only 0.93 in the fourth quarter.

CIER index by cities

City

4Q CIER

3Q CIER

First-tier cities

0.93

0.80

Emerging first-tier cities

1.48

1.34

Second-tier cities

2.23

1.63

Third-tier cities

2.46

2.22

CIER Index by Size of Companies

Micro-sized companies (companies with fewer than 20 employees) had the highest CIER index score of 2.10 in the fourth quarter of 2016, followed by 1.81 for large companies (companies with more than 10,000 employees) and 1.18 for mid-sized companies (companies with 500 to 9,999 employees). Small-sized companies (companies with 20 to 499 employees) scored the lowest at 1.05.

CIER index by size of companies

Company size

4Q CIER

3Q CIER

Large-sized (more than 10,000 employees)

1.81

1.42

Mid-sized (500 to 9,999 employees)

1.18

1.01

Small-sized  (20 to 499 employees)

1.05

0.84

Micro-sized (fewer than 20 employees)

2.10

3.11

The CIER index for micro-sized companies declined to 2.10 in the fourth quarter of 2016, down from 3.11 in the third quarter and 3.58 in the second quarter. Many of these micro-sized companies were still in the start-up stages and some had short lifecycles. However, such micro-sized companies were still the most dynamic companies in China. During the first three quarters of 2016, an average of 14,600 start-up companies were registered each day, which had created huge job demand in China.

Labor Market Outlook

The CIER index is very likely to decline in the first quarter of 2017 with seasonality factors, the long-term demographic trend and cyclical considerations.  

About Zhaopin Limited

Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company’s zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended September 30, 2016, number of registered users as of September 30, 2016 and number of unique customers[2] for the three months ended September 30, 2016. The Company’s over 125.2 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2016, approximately 36.9 million job postings[3] were placed on Zhaopin’s platform by 509,813 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin’s users and the resumes in the Company’s database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

Safe Harbor Statements

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin’s goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users’ information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.

[1]

Zhaopin’s website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended September 30, 2016, the number of registered users as of September 30, 2016 and the number of unique customers for the three months ended September 30, 2016.

[2]

A “unique customer” refers to a customer that purchases the Company’s online recruitment services during a specified period. Zhaopin makes adjustments for multiple purchases by the same customer to avoid double counting. Each customer is assigned a unique identification number in the Company’s information management system. Affiliates and branches of a given customer may, under certain circumstances, be counted as separate unique customers.

[3]

Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period – even if available during such period – are not counted as job postings for such period. Any particular job posting placed on the Company’s website may include more than one job opening or position.

For more information, please contact:

Zhaopin Limited 
Ms. Daisy Wang 
Investor Relations 
ir@zhaopin.com.cn

ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-labor-market-keeping-upward-trend-in-the-fourth-quarter-of-2016-300393606.html

SOURCE Zhaopin Limited

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Global IT and Telecom in Healthcare Market Size by Industry Research 2016 – 2023

Albany, NY — (SBWIRE) — 01/19/2017 — As per the report, IT supports the healthcare industry by handling a number of peripheral and core operations of the industry. The functions of IT range from patient data storage to patient health monitoring to the presentation of optimal therapies for patients. Various cutting-edge technologies such as SaaS, telecom-centric solutions, and cloud computing have been specifically developed for the healthcare industry. The advent of telecom has also resulted in healthcare providers leveraging their conventional medical care resources such as clinics, hospitals, and equipment across a broader remote patient base. In addition, telecom providers have fulfilled the rising demand from the healthcare industry for greater bandwidth, mobility solutions, and high-performance technologies.

Download Exclusive Global Strategic Business Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=99

A new market research report by Transparency Market Research, titled “The Role of IT and Telecom in Healthcare Industry Analysis and Forecast 2015-2023”, presents an extensive study on the key roles of telecom and IT within the healthcare industry. The growth trends seen in the healthcare industry owing to IT and telecom playing major roles have also been illustrated in this study. The numerous opportunities, drivers, and inhibitors experienced by the healthcare industry in the forecast horizon have also been presented in this report. The growth of the industry has been estimated on the basis of revenue across various geographical segments. The competitive profiling of the prime players operating in the telecom and IT sectors and the various technologies introduced by them for the development of the healthcare industry are also a part of this study. Thus, the report provides a closer look on the healthcare industry, particularly from the perspective of the telecom and IT industry.

Moving further, the report states that the development in telecommunications has also enabled remote patient monitoring as well as accurate methodologies for the treatment and diagnosis of medical conditions. This is why the quality of medical care is predicted to immensely improve in emerging economies in the coming years. Further, the report states that 24/7 monitoring is made possible by the implementation of telecom and IT in the healthcare industry. This has resulted in an increasing demand for telecommunications and IT products within the healthcare industry and this demand is poised to increase in forthcoming years, as per this study.

The report states that owing to rising usage of interconnected networks as well as electronic health records (EHR), collaboration will be seen amongst care teams, clinicians, and organizations for optimization of treatment resources in the healthcare industry. In the last section of the report, the healthcare industry has been segmented on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World (RoW). Data regarding the performance of each regional segment is given in the report.

Browse Full Research Report on IT and Telecom in Healthcare Market:
http://www.transparencymarketresearch.com/healthcare-it-telecom.html

About Transparency Market Research
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Quest Resource to Present at Noble Small Cap and Emerging Growth Investor Conference

THE COLONY, TX–(Marketwired – January 19, 2017) – Quest Resource Holding Corporation (NASDAQ: QRHC) (“Quest”), a leader in sustainability, recycling, and environmental and resource management, announced today that its Chief Executive Officer, Ray Hatch, will present at the NobleCon13 — Noble Capital Markets’ Thirteenth Annual Investor Conference at the Boca Raton Resort & Club in Boca Raton, Fla.

Mr. Hatch is scheduled to present Tuesday, January 31 at 12:30 p.m. Eastern Standard Time.

A webcast of the company’s presentation will be available January 31 on the Quest Resource webpage. The webcast and presentation, which may include forward looking information, will also be archived and accessible on the website for at least 90 days following the conference.

Investors attending the conference who would like to meet Mr. Hatch and Chief Financial Officer, Laurie Latham, or learn more about Quest should contact their Noble Capital Markets representative or John Liviakis Investor Relations at 415-389-4670­­­.

NobleCON13 annual small cap and emerging growth investor conference is dedicated to providing a forum where private and publicly traded emerging growth companies with less than $2 billion in market capitalization can network with the investment community, fund managers and high net worth investors who focus on small cap equities.

“The Nobel conference’s focus on emerging growth companies is a perfect fit for Quest,” said Mr. Hatch. “Last year we experienced strong growth, added new lines of business, including integrated sustainability programs in the manufacturing sector, and brought in $50 million in potential additional annualized revenue,” said Mr. Hatch. “We expect to continue to grow and expand our business year over year and feel we have the executive team in place to drive success.”

In connection with our growth strategy, we recently added David Sweitzer to our executive management team. Mr. Sweitzer was appointed October 3, 2016 as Executive Vice President and Chief Operating Officer. Sweitzer’s focus is on executing the company’s strategy, streamlining operations to increase efficiencies, maximizing margin, and developing an operation that is both flexible and highly scalable. In connection with the appointment of Mr. Sweitzer, he was granted employment inducement options to purchase 62,500 shares of Quest common stock, which will vest annually over a period of five years. The options have an exercise price equal to the closing price of our common stock on October 3, 2016. For each of fiscal years 2017, 2018, and 2019, Mr. Sweitzer will receive a grant of options to purchase 10,500 shares of our common stock, which will vest yearly over a period of five years from the date of grant and have an exercise price equal to the closing price of our common stock on the date of grant.

About Quest Resource Holding Corporation

Quest provides businesses with one-stop management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their businesses. Quest’s comprehensive reuse, recycling, and proper disposal management programs are designed to enable regional and national customers to have a single point of contact for managing a variety of waste streams and recyclables. Quest also operates environmentally based social media and online data platforms that contain information and instructions necessary to empower consumers and consumer product companies to recycle or properly dispose of household products and materials. Quest’s directory of local recycling and proper disposal options empowers consumers directly and enables consumer product companies to empower their customers by giving them the guidance necessary for the proper recycling or disposal of a wide range of household products and materials, including the “why, where, and how” of recycling.

About Noble Capital Markets, Inc.

Noble Capital Markets, established in 1984, is an equity-research driven, full-service, investment & merchant banking boutique focused on the healthcare, media & entertainment, technology and natural resources sectors. The company has offices in Boca Raton, New York and Boston. In addition to NobleCon – the annual multi-sector investor conference and the Media, Finance & Investor Conference, produced in partnership with the National Association of Broadcasters (NAB) and held each spring in Las Vegas, throughout the year Noble hosts numerous “non-deal” corporate road shows across the United States and Canada. Members: FINRA, SIPC, MSRB. www.noblecapitalmarkets.com.

Safe Harbor Statement

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release, including statements regarding our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, and markets, and plans and objectives for future operations, are forward-looking statements. Specific forward-looking statements in this press release include that the Nobel conference’s focus on emerging growth companies is a perfect fit for Quest, that Quest experienced a strong growth last year, that Quest added new lines of business, including integrated sustainability programs in the manufacturing sector, that Quest brought in $100 million in potential additional annualized revenue, that Quest expects to continue to grow and expand its business year over year, and that Quest has the executive team in place to drive success. All forward-looking statements included herein are based on information available to us as of the date hereof and speak only as of such date. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. The forward-looking statements contained in or incorporated by reference into this press release reflect our views as of the date of this press release about future events and are subject to risks, uncertainties, assumptions, and changes in circumstances that may cause our actual results, performance, or achievements to differ significantly from those expressed or implied in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, performance, or achievements. A number of factors could cause actual results to differ materially from those indicated by the forward-looking statements, including competition in the environmental services industry, the impact of the current economic environment, and other factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

Archrock Partners Announces Cash Distribution

HOUSTON, Jan. 19, 2017 (GLOBE NEWSWIRE) — Archrock Partners, L.P. (NASDAQ:APLP), today announced a cash distribution of $0.285 per limited partner unit, which corresponds to $1.14 per limited partner unit on an annualized basis, payable on February 14, 2017, to unitholders of record at the close of business on February 8, 2017. The fourth-quarter 2016 distribution covers the period from October 1, 2016, through December 31, 2016.
The distribution to be paid in February 2017 is unchanged from the third-quarter 2016 distribution.About Archrock PartnersArchrock Partners, L.P., a master limited partnership, is the leading provider of natural gas contract compression services to customers throughout the United States. Archrock, Inc. (NYSE:AROC) owns an equity interest in Archrock Partners, including all of the general partner interest. For more information, visit www.archrock.com.Non-U.S. Withholding InformationThis press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Archrock Partners’ distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Archrock Partners’ distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.Forward-Looking StatementsThis press release contains forward-looking statements, which may include statements about Archrock Partners’ distributions. These statements are not guarantees of future performance or actions. Forward-looking statements rely on a number of assumptions concerning future events and are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Archrock Partners expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in Archrock Partners’ (formerly Exterran Partners, L.P.) Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and as set forth from time to time in Archrock Partners’ filings with the Securities and Exchange Commission. These filings are available online at www.sec.gov and www.archrock.comFor information, contact:
David Skipper, 281-836-8155

Westlake Chemical Partners LP Statement on Final Regulations Relating to its Qualifying Income Activities

HOUSTON–(BUSINESS WIRE)–The Internal Revenue Service (“IRS”) and U.S. Department of Treasury (“Treasury”) today issued final regulations under section 7704(d)(1)(E) of the Internal Revenue Code (the “Code”) relating to qualifying income from the processing, refining and transportation of minerals or natural resources, which allows a business to be treated as a partnership for U.S. federal tax purposes.

Westlake Chemical Corporation (NYSE:WLK) previously requested and received a favorable private letter ruling from the IRS, prior to formation and initial public offering of Westlake Chemical Partners LP (NYSE:WLKP) (the “Partnership”), to the effect that the production, transportation, storage and marketing of ethylene constitutes “qualifying income” within the meaning of section 7704(d)(1)(E).

The final regulations issued today by the IRS and Treasury uphold Westlake’s private letter ruling and holds that the Partnership’s activities constitute “qualifying income.”

“We appreciate the thorough process taken by the IRS and Treasury Department to reach their final decision and are pleased that the final regulations reconfirm and properly recognize these industry practices and remove uncertainty that our activities will continue to generate qualifying income under the Code,” said Albert Chao, President and Chief Executive Officer.

Westlake Chemical Partners LP

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop facilities for the processing of natural gas liquids as well as other qualifying activities. Headquartered in Houston, Texas, the Partnership owns a 13.3% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.

Forward-Looking Statements

Certain of the statements contained in this press release are forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements can be identified by the use of words such as “believes,” “intends,” “may,” “should,” “could,” “anticipates,” “expects,” “will” or comparable terminology, or by discussions of strategies or trends. Although the Partnership believes that the expectations reflected in such forward-looking statements are reasonable, the Partnership cannot give any assurances that these expectations will prove to be correct.

China Labor Market Keeping Upward Trend in the Fourth Quarter of 2016

BEIJING, Jan. 19, 2017 /PRNewswire/ — Zhaopin Limited (NYSE: ZPIN) („Zhaopin” or the „Company”), a leading career platform[1] in China focused on connecting users with relevant job opportunities throughout their career lifecycles, and the China Institute for Employment Research („CIER”)  at Renmin University released the CIER Employment Index Report for the fourth quarter of 2016. The labor market in China maintained its upward trend as the CIER index reached its highest level since the first quarter of 2015, providing a favorable environment for job seekers.

Based on data from Zhaopin’s online platform, the CIER index tracks the ratio changes between job vacancies and job seekers in a variety of industries and cities across the country, and identifies the overall trend in China’s employment market. Jointly published by Zhaopin and the CIER at Renmin University, the CIER index has become a leading barometer of China’s labor market and macro-economic environment.

The CIER index score is calculated by dividing the number of job vacancies during a specified period by the number of unique job seekers during the same period. A CIER index score of more than 1 indicates that the labor market is booming, with more vacancies than job seekers. A CIER index score of less than 1 indicates that the labor market competition is intensifying, with more job seekers than available vacancies.

China Fourth-Quarter 2016 Labor Market Highlights:

CIER Index Reaching All Year High in the Fourth Quarter of 2016

The job market in China had been on a declining trajectory in 2015 as the economic growth slowed down. With the overall economy improving in 2016, the job market reversed its declining trend and started to move upward since the second quarter of 2016. The momentum continued in the fourth quarter with the CIER index reaching 2.41, the highest level since the first quarter of 2015, compared with 2.22 in the third quarter and 1.93 in the second quarter of 2016.

Excluding the effects of seasonality and changing demographics, which have traditionally resulted in a long-term rise in the CIER index scores, the quarterly adjusted CIER index for the fourth quarter of 2016 showed a significant increase, indicating the continuing improvement in China’s labor market.

According to Zhaopin’s data, total online recruitment demand increased by 43% year-over-year in the fourth quarter of 2016, compared with a 35% year-over-year growth in the third quarter of 2016. As the economy improved, the labor market in China had gained momentum in the fourth quarter with increasing job demand year-over-year.

CIER Index by Sectors

With the economy continuing to undergo a shift from an industrial, manufacturing-based economy to one that is more service-based”, the performance of different sectors continued to polarize in the fourth quarter of 2016. Internet and e-commerce was still the best-performing sector with a CIER index of 10.89, up from 7.28 in the third quarter. Insurance, funds/securities/futures/investment, traffic/transportation and intermediary service sectors were also performing well by CIER index rankings.

The worst performing sectors by CIER index ranking in the fourth quarter of 2016 included energy/mineral/mining/smelting, printing/packaging/papermaking, and inspection/testing/authentication. These traditional industries were under great pressure from the economic restructuring. Still, a positive sign was that the CIER index for these industries did improve in the fourth quarter compared with the third quarter of 2016.

IT and internet sector continued to generate huge job demand and to attract an influx of talents. In the fourth quarter of 2016, the job demand from this sector jumped by 48% year-over-year. Computer software posted the fast growth of 84% in job demand in the fourth quarter year-over-year. Most e-commerce companies had year-end promotions in the fourth quarter, which resulted in a 47% increase in job demand from internet/e-commerce companies.

The real estate sector was still an important industry with increasing job demand in the fourth quarter of 2016, even though many cities had imposed purchase restrictions to curb the real estate bubble. The overall job demand in the sector went up 37% in the fourth quarter year-over-year.

The financial sector saw recruitment demand increased by 19% in the fourth quarter of 2016 year-over-year, below the average growth rate of 43% nationwide.

Traffic/transportation sector enjoyed the highest growth in job demand among all sectors with an 82% increase in the fourth quarter of 2016 year-over-year. The central and local governments had approved huge investments to improve the transportation infrastructure. The year-end promotions by e-commerce companies also created surging demand for courier services.

CIER Index by Regions and Cities

In the fourth quarter of 2016, Eastern China had the highest CIER index score of 2.07, followed by 1.94 for Central China and 1.77 for Western China. Except for Northeast China, the CIER index for all other regions improved in the fourth quarter over the third quarter of 2016. Among all regions, Central China saw the fastest increase in job demand at 73% in the fourth quarter year-over-year.

Northeast China was still the lowest with a CIER index score of 1.40 in the fourth quarter of 2016, the same as the third quarter. However, there were some positive signs as the government has introduced new initiatives to rejuvenate the economy in Northeast China. The job demand in the region increased by 59% in the fourth quarter year-over-year, higher than the 35% growth in the third quarter.

With the development of the internet economy, emerging first-tier cities and lower-tier cities witnessed faster economic growth than first-tier cities, leading to more job demand in these cities and higher CIER index scores in the fourth quarter of 2016. The job market in the first-tier cities had become saturated with a CIER index of only 0.93 in the fourth quarter.

CIER Index by Size of Companies

Micro-sized companies (companies with fewer than 20 employees) had the highest CIER index score of 2.10 in the fourth quarter of 2016, followed by 1.81 for large companies (companies with more than 10,000 employees) and 1.18 for mid-sized companies (companies with 500 to 9,999 employees). Small-sized companies (companies with 20 to 499 employees) scored the lowest at 1.05.

The CIER index for micro-sized companies declined to 2.10 in the fourth quarter of 2016, down from 3.11 in the third quarter and 3.58 in the second quarter. Many of these micro-sized companies were still in the start-up stages and some had short lifecycles. However, such micro-sized companies were still the most dynamic companies in China. During the first three quarters of 2016, an average of 14,600 start-up companies were registered each day, which had created huge job demand in China.

Labor Market Outlook

The CIER index is very likely to decline in the first quarter of 2017 with seasonality factors, the long-term demographic trend and cyclical considerations.  

About Zhaopin Limited

Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company’s zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended September 30, 2016, number of registered users as of September 30, 2016 and number of unique customers[2] for the three months ended September 30, 2016. The Company’s over 125.2 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2016, approximately 36.9 million job postings[3] were placed on Zhaopin’s platform by 509,813 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin’s users and the resumes in the Company’s database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

Safe Harbor Statements

This press release contains forward-looking statements made under the „safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as „will,” „expects,” „anticipates,” „future,” „intends,” „plans,” „believes,” „estimates,” „confident” and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin’s goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users’ information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

Zhaopin Limited 
Ms. Daisy Wang 
Investor Relations 
ir@zhaopin.com.cn

ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com

SOURCE Zhaopin Limited

Tortoise Capital Advisors Announces 2016 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

LEAWOOD, Kan.–(BUSINESS WIRE)–Tortoise Capital Advisors today announced the tax characterization of 2016 distributions paid to common stockholders of:

Tortoise Energy Infrastructure Corp. (NYSE: TYG)
Tortoise MLP Fund, Inc. (NYSE: NTG)
Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP)
Tortoise Energy Independence Fund, Inc. (NYSE: NDP)
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)

2016 Tax Characterization
of Distributions

   

Midstream
Focused

     

Upstream
Focused

     

Energy Value
Chain

                   

TYG

NTG

TTP

NDP

TPZ

 
Qualified Dividend Income 86 % 39 % 11 %
Ordinary Dividend Income 58 % 80 %
Return of Capital 14 % 100 % 100 %
Long-Term Capital Gain N/A N/A 3 % 9 %
 

Additional information regarding the tax characterization of the 2016 distributions is available at www.tortoiseadvisors.com. A copy of the information is also available upon request by calling (866) 362-9331.

Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual Report

The adviser also announced today the release of the combined 2016 annual stockholders’ report including all of these funds.

The annual report is available online at www.tortoiseadvisors.com. Please call (866) 362-9331 or email info@tortoiseadvisors.com to request a hard copy of this report free of charge.

First Quarter Conference Call

Also, Tortoise will host its first quarter Energy Value Chain Update conference call on Jan. 25, 2017 at 3 p.m. Central time to discuss the energy sector.

Toll Free Dial-In Number: 877-407-9210
Replay Number: 877-481-4010
(Replay available through Feb. 25, 2017)

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy investments. As of Dec. 31, 2016, the adviser had approximately $16.3 billion of assets under management in listed closed-end funds, mutual funds, private funds and separate accounts. For more information, visit www.tortoiseadvisors.com.

Forward-Looking Statement

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are „forward-looking statements.” Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the funds’ reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

New York Man Pleads Guilty to Conspiring to Provide Material Support to ISIL

Akhror Saidakhmetov, 21, a citizen of Kazakhstan and a resident of Brooklyn, New York, pleaded guilty to conspiring to provide material support to the Islamic State in Iraq and the Levant (ISIL), a designated foreign terrorist organization.

The guilty plea was announced by Acting Assistant Attorney General for National Security Mary B. McCord, U.S. Attorney Robert L. Capers of the Eastern District of New York, Assistant Director-in-Charge William F. Sweeney, Jr. of the FBI’s New York Field Office, Special Agent-in-Charge Angel M. Melendez of Homeland Security Investigations (HSI) New York Field Office and Commissioner James P. O’Neill of the New York City Police Department. The plea took place before U.S. District Judge William F. Kuntz, II.

“Akhror Saidakhmetov admitted that he conspired to provide material support to ISIL and that he was prepared to commit violence overseas or here in the United States,” said Acting Assistant Attorney General McCord. “The National Security Division’s highest priority is counterterrorism. This case reflects our commitment to disrupting and holding accountable those who wish to wage violence on behalf of ISIL, either at home or abroad.”

“The defendant was committed to traveling to Syria to join ISIL or to conducting a domestic terror attack if unable to travel to Syria,” said U.S. Attorney Capers. “Thanks to the efforts of FBI’s Joint Terrorism Task Force in New York, we have prevented two local residents – Saidakhmetov and his codefendant Abdurasul Juraboev – from becoming foreign fighters in Syria or attacking victims here in the United States.”

“As we presented in our case, Akhror Saidakhmetov clearly expressed the desire to commit violence, either domestically or abroad, on behalf of a terrorist organization. His failure to carry out this desire is a testament to the tireless efforts of FBI New York’s Joint Terrorism Task Force. Today’s guilty plea is further testament to the dedicated work on this case by agents and officers who encompass that task force,” said Assistant Director-in-Charge Sweeney.

“Saidakhmetov made threats towards American law enforcement and attempted to join ISIL in its caustic jihad. Terrorism, and its threat to the homeland, is why HSI continues to be a leading contributor to the Joint Terrorism Task Force here in New York and across the country,” said Special-Agent-in-Charge Melendez. “We cannot allow extremists to terrorize our neighborhoods or make threats towards our men and women in blue.”

“This defendant pledged allegiance to ISIL, which has called on its followers to attack the United States and specifically New York City. The defendant also attempted to travel to Syria,” said Commissioner O’Neill. “This guilty plea is another example of the collaborative work of the members of the FBI-NYPD Joint Terrorism Task Force and the prosecutors of the U.S. Attorney for the Eastern District of New York.”  

According to previous court filings, Saidakhmetov became keenly interested in traveling to ISIL-controlled territories in order to wage violent jihad. In August 2014, he made the following online posting referencing a video containing footage of multiple individuals pledging allegiance to ISIL and showing mass executions by ISIL of Iraqi forces captured during ISIL’s takeover of Mosul, Iraq: “Allohu Akbar I was very happy after reading this, my eyes joyful so much victory.”

During the fall and winter of 2014-2015, Saidakhmetov and codefendant Abdurasul Juraboev made plans to travel to Syria to fight on behalf of ISIL. In one recorded conversation, Saidakhmetov remarked that if he was unable to travel to Syria, he would purchase a machine gun and shoot police officers in the U.S. The defendants’ efforts to travel culminated in Saidakhmetov’s arrest on Feb, 25, 2015 at John F. Kennedy International Airport in Queens, New York, while attempting to board a flight for Turkey. Juraboev was also arrested on the same day. At the time of Juraboev’s arrest, he had already purchased a ticket for a flight to Turkey. Juraboev pleaded guilty in August 2016 to conspiring to provide material support to a designated foreign terrorist organization, and is awaiting sentencing.

At sentencing, Saidakhmetov faces up to 15 years in prison.

The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes. If convicted of any offense, the sentencing of the defendant will be determined by the court based on the advisory Sentencing Guidelines and other statutory factors.

The government’s case is being prosecuted by the National Security & Cybercrime Section of the U.S. Attorney’s Office for the Eastern District of New York. Assistant U.S. Attorneys Alexander Solomon, Douglas M. Pravda, Peter W. Baldwin and David K. Kessler of the Eastern District of New York are in charge of the prosecution, with assistance from Trial Attorney Steven Ward of the National Security Division’s Counterterrorism Section.