Sunday, April 22, 2012

Twitter and LinkedIn Manage Tasks With Asana, New API Means Robots Can Too

Asana LogoWhat could be a better endorsement of your product's quality than having some of the hottest companies in tech relying on it? Launched in November, task management software Asana is already being used by Twitter, Uber, Foursquare, LinkedIn, Rdio, NationBuilder, and Airbnb. This week, Asana released a REST API to let customers build custom interfaces and in-roads to its productivity tool.?A few examples of what you could build include a desktop app for viewing assigned tasks, or a dashboard for monitoring your team's current projects. At an event to celebrate the startup's progress on Thursday night, co-founder (and Facebook co-founder) Dustin Moskovitz and advisors like Ron Conway watched proudly as Asana's other co-founder Justin Rosenstein delivered a rousing speech. "In just five months, customers have created 10 million tasks. Even more impressively, they've completed 4 million of them."

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Facebook flips the swtich on its North Carolina data center, cooled with balmy mountain air

Facebook flips the swtich on its North Carolina data center, cooled with balmy mountain air

Since breaking ground in Western North Carolina some 16 months ago, Facebook has been running at full speed to get its newest data center online. This week, Zuckerberg & Co. flipped the switch. The new facility, located in Forest City, touts the "first major deployment" of the outfit's Open Compute Project web servers and will be the first "live test" of the OPC's outdoor air-cooling design. It tends to get pretty warm around those parts and humidity levels are a bit outside of ideal data center conditions. The Carolina facility will mirror the projected power utilization effectiveness (PUE) of FB's Oregon data center at just a smidge above 1 - somewhere between 1.06 and 1.08 to be exact. In other words, this means the ratio of power used by the structure and the actual power sent to the hardware is almost perfect with minimal energy loss. No matter, it'll still be using plenty of power. A second identical building is slated to open on the site later this year, but for now, hit the source link for a bit more info on the initial launch.

Continue reading Facebook flips the swtich on its North Carolina data center, cooled with balmy mountain air

Facebook flips the swtich on its North Carolina data center, cooled with balmy mountain air originally appeared on Engadget on Sat, 21 Apr 2012 03:05:00 EDT. Please see our terms for use of feeds.

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Did Caravaggio meet a grisly end - with the Vatican's complicity?

Citing documents from the Vatican Secret Archives, an Italian historian argues that 17th-century documents reveal Renaissance artist Caravaggio was assassinated by the Knights of Malta.

In one of his most graphic paintings, the rabble-rousing Renaissance artist Caravaggio?depicted his tortured face on the head of Goliath, slain and decapitated by the boy warrior David.

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An Italian historian thinks that Caravaggio may have met just such a grisly end ? at the hands of the Knights of St. John of Malta, the chivalric order founded during the Crusades.

Vincenzo Pacelli, a Caravaggio expert from the University of Naples, has unearthed documents from the Vatican Secret Archives and state archives in Rome that suggest the Knights ordered the artist to be assassinated in revenge for him attacking and wounding on one of their members during a brawl.

They then dumped his body in the sea at Palo, north of Rome, which would explain why there are no documents recording his death.

Until now, conventional wisdom said Caravaggio died either from an illness or lead poisoning from the oil paints he used.

The murder was ?commissioned and organized? by the Knights of Malta and carried out with the complicity of the Vatican, Mr. Pacelli says in his forthcoming book, "Caravaggio ? Between Art and Science."

The historian found strange discrepancies in correspondence between Cardinal Scipione Borghese, a powerful Vatican secretary of state, and Deodato Gentile, a papal ambassador, in which the painter?s place of death was cited as the island of Procida near Naples, ?a place that Caravaggio had nothing to do with,? according to Pacelli.

A document written by Caravaggio?s doctor and first biographer claimed that the painter died at the age of 38 north of Rome, but the place name was later scrubbed out and replaced by the name of a town in Tuscany.?Pacelli also found an account written 20 years after Caravaggio?s death in which an Italian archivist wrote that the artist had been ?assassinated.?

He believes it all adds up to evidence of an assassination plot by the Knights of Malta which was then covered up.

Not all experts are convinced by the new theory.?John T. Spike, a Caravaggio expert at the College of William and Mary in Williamsburg, Va., is skeptical of the idea that the painter was murdered on the Knights' orders.

?The problem with the theory is that the Knights had ample opportunities to kill him sooner ? either when he was living in Malta, or when he then went to Sicily, which is very close,? says Mr. Spike. ?Why did they wait so long??

The academic sparring will continue, but more than four centuries after his death in 1610, the true fate of Caravaggio remains an enigma.

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Google Sync for BlackBerry swept away in spring cleaning

Google sweeps away BlackBerry sync support during spring cleaning

It's springtime, and you know what that means for Google: out with the old and in with the new. Unfortunately, many BlackBerry fans might not like how Google's rearranging the furniture. During its routine tradition, the company announced that Google Sync for the BlackBerry will no longer be available for download as of June 1st. Put simply, the company identified its app as redundant, as RIM provides the same contact and calendar sync services to its customers with native software. Also in the spirit of spring cleaning, Google is encouraging users to uninstall the Sync app and properly configure their BlackBerry handsets to take advantage of these services. Fortunately, those content to keep with the status quo will be glad to know that Google Sync will continue to function properly -- so even if you're feeling lazy on this fine day, it's all good. Those with motivation, however, will find instructions of how to make the switch in the source below.

[Spring cleaning photo via Shutterstock]

Google Sync for BlackBerry swept away in spring cleaning originally appeared on Engadget on Fri, 20 Apr 2012 18:12:00 EDT. Please see our terms for use of feeds.

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Christian Conservatives Plot Defeat For 'Socialist' Obama At Florida Revival

ABSTRACT:

Information technology helps meet today's medical students' needs by providing multiple curriculum delivery methods. Video streaming is an e-learning technology that uses the Internet to deliver curriculum while giving the student control of the content's delivery.

We then describe how the video streaming concept is in the medical profession. Then we describe how the medical institutions especially the Apollo group in Hyderabad, India uses the video streaming in their institutions and also their contribution to it.

INTRODUCTION:

Internet as everyone knows is the ideal network that connects all computers in the world. It is a very popular platform for most of the applications. With the rapid development in communication and communication technology, distribution of continuous media such as video that demand more resources than the other media has gained more popularity. "Video streaming" is a technique of distributing videos over the internet. With greater than ever broadband speeds and website bandwidth, next generation websites are increasing the findings of new ways to engage potential clients.What better way would anyone suggest to communicate quickly with potential clients than with highly potential and visually rich content, which streams directly from our website requiring no download time or additional software to run!? (www1)

For a long time, it has been very easy downloading and playing back high-quality video files from the Internet. Today's web browsers and servers are supporting full-file transfer of the document retrieval. However, full-file transfer is very long, the transfer times are high. Ideally, video have to be streamed across the Internet according to the client request from the web page where the requested embedded videos are present. The client plays the incoming video stream in real time as the data is being received. The idea of video streaming on the network has been gaining a lot of interest.

There is a saying that, one picture is equal to 100 words. It means that, instead of writing 100s of words showing a picture makes people understand easily. In the same way according to the present trend, showing one video makes things very clear instead of showing 100s of pictures. That is the reason why, video streaming is used by every business personnel for the development of their business. It has become the life to business field.

The medical profession is one of the major professions which always look for modernization. The video streaming is also been adopted into their profession by the doctors. The medical education, the hospital maintenance, telemedicine, video assisted surgeries, the CT scans, MRI scans, online publicity and the security maintenance are the areas where the video streaming is used in the medical profession.

Apollo Hospitals is one of the largest health groups in Asia. We are going to consider the Apollo hospitals in Hyderabad for our case. Its services are supported by sophisticated infrastructure and highly experienced medical professionals. Apollo Hospitals, Hyderabad was the first institution in India in which a PET CT Scanner was used. It shows their interest in adopting new technologies. (www12)

LITERATURE REVIEW:

Video streaming is generally known for distribution of video over the internet. Before the introduction of streaming continuous media files were downloaded to the disk of the client as a whole before the beginning of the playback. Streaming overlaps transmission and playback and thus eliminates high waiting times and large disk space requirement that occur in downloading approach. Although downloading gives better quality, the quality produced in streaming is within acceptable levels. (Book2)

With true video streaming, users are able to watch files almost as soon as the download begins. The file would be sent to the user through an almost constant streaming, making the user able to watch the video as soon as it arrives. An obvious advantage would be that you no longer need to wait for the video to be completely downloaded. Streaming media has a lot of advantages and benefits like having the ability to broadcast live events - this is called a net-cast or webcast. True video streaming could be done by delivering the video from a server which is specially for streaming. (www2)

A company can broadcast live or recorded presentations and announcements to viewers in different locations at the same time. Many Universities use this for delivering live or recorded guest lectures' to the students at multiple places at the same time. Monitoring corporate properties and assets in real time is also done using the video streaming. It is a powerful communication tool for marketing, as it requires almost no download time and can run directly from the website using a Flash player; a plug-in which is now installed on virtually every internet user's web browser.Streaming Video can fit neatly into the design of your website, providing a compact, attractive and above all engaging way for your website's users to explore your content and services, giving them immediate access to information. (www3)

Online web streaming is one of most popular internet activities. Whatsoever you want to watch in the video from across the world, news recaps, TV shows, tutorials or funny videos, you are guaranteed to find something you like at one of the top five video streaming web sites. Besides watching television anywhere in the world, non-entertainment applications for streaming video are being developed. Webcam Surveyor is a webcam software system that combines video surveillance and video capturing tools. With this software you can record all video activity at your home or office, activated with motion detection and Webcam Surveyor will alert you by sending an e-mail and uploading images to an FTP site. This will make it possible to remotely observe activity from a surveillance camera. You can remotely watch surveillance cameras on your mobile device or laptop for additional security. (www5)

The television programs that are being broadcasted are also a form of video streaming. The videos that are telecasted live are also of the same form. They are the applications of video streaming. In the car industry, a customer can be shown the promotional videos before buying the car. One of the most common streaming media applications outsourced by corporations to CDNs is the live webcasting. A live webcasting component varies from one provider to another and tends to have people asking a lot of questions. Utilizing streaming video technology in a live environment is a great way to take advantage of global communication at a fraction of second at the cost of traditional broadcast mediums. When making the decision to use the Internet to broadcast your message, there are many decisions to make. Some corporations have the in-house resources to make the broadcast happen, but most of the companies need to outsource the live event to a service provider. (Book 1)

The other industry where it is mostly and rapidly used is the business analysis field.

Here the business analysts use this for the instant update of the business details, for example, shares update, stocks update etc. The share market uses this very highly because shares is the only business where the figures and analysis change in fraction of seconds. The profit and loss plays a big role here so, every second is precious and hence the video conferencing and the teleconferencing are very frequently followed. For this most of the TV channels telecast live interviews and recorded views of the business analysts. This would be of great help to the investors and share holders.

CASE DESCRIPTION:

Video Streaming & Medical Profession:

A change always leads to modernization. In olden days, the medical professors used to demonstrate the surgeries on human bodies to their students. But they felt it difficult to demonstrate that to large number of students as the operation theatre cannot accommodate all of them at a time. Then thought the medical practitioners, "Why not use video streaming in Medical profession?". They adopted video streaming in medical profession for overcoming this problem. Using this, the professors have started demonstrating the surgeries from the operation theatre and the students watch them visually sitting in the class rooms. The students can even ask queries and can get the replies from their professors. (www6)

They even went a step forward using it in surgeries. The ophthalmologists use it for surgeries regarding eyes. They also use it for the general check up of the patients. The heart surgeries can also be done using the live video streaming. Video assisted thoracoscopic surgery is a type of thoracic surgery performed using a small video camerathat is introduced into the patient's chest via a scope where the surgeonis able to view the instruments that are being used along with the anatomy that is being operated on. (www7)

Now-a-days everyone had become health conscious, which is of course a very important of life. As a result of this almost all the hospitals have started to allot some space in their hospital websites for some videos related to tips and health care. The websites related to the health care centres or the hospitals consists of many pictures and videos of their achievements and their service, these videos can be streamed from any place in the world. In the major surgeries such as heart surgeries and many other surgeries, the doctors insert instruments with a micro camera which shows the internal view of the patient's body. Seeing these in the monitor doctors operate the patient. (Journal 1)

Strengthening the saying, "to err is human" errors in surgeries have now-a-days become common and they contribute to complications for patients.Between the period of May 2000 and August 2006, 1108 selective cases were studied. There were 2684 errors in nearly 87.1% of these cases. Technical errors were 27.8%, contamination errors 25.3%, failure of the equipment or missing of the equipment was found in 18.2%, or errors due to delay were 12.5%. Of these errors, 22.6% were considered major and 77.4% were minor. Of all these errors, 78.5% were tested preventable. 80.6% were major errors. Of the error-related complications, 74.2% were declared as preventable. So it is understood that most of these errors were done due to the negligence of the medical staff. (www8)

Taking this into consideration, the patient is given a chance to appeal for justice if any errors took place in the surgery. With the help video recordings of the surgery the court investigates the case. (www9)

Example:

An elderly lady underwent a surgery for brainaneurysmhaving the defective blood vessel embolized and a platinum coil to be inserted, effectively blocking it off from the vascular system. Unfortunately, during the surgery a medication mistake caused her to die a languishing death after she was injected with chlorohexidine, a topical antiseptic which is toxic to the body. Theclearskincleanser was in an unmarked container next to the clear dye that was intended to be injected. She got extreme leg pain and swelling that went on to cause tissue death and organ dysfunction. She suffered a stroke,kidney failure, limb necrosis requiring amputation and heart attacks in the 19 days before her death. The lady's relatives have claimed compensation in the court of law on the error made by the doctors during the surgery. Examining the videos recorded on the account of the surgery, the court's judgement was against the doctors. So, video streaming plays a very important role in the medical profession. (www10)

The founder and chairman of Apollo Groups, Dr. Prathap C. Reddy says that, their mission is to bring healthcare of international standards within the reach of every individual. The Apollo hospitals are always first in adopting the advanced technology. They have been using video streaming in many ways in their institutions for the healthcare of the individuals. They are planning to extend super speciality services to every remote corner of the globe by using the technological developments and video streaming techniques to create benchmark standards in the field of medicine. (www13)

Apollo services (video streaming):

Telemedicine:

Tele-Pathology - By using this, the microscopic view can be shared with pathologists sitting in different locations for instant reports through streaming.

Tele-Cardiology - Here the transfer of ECG and Echo Cardiogram will take place for gaining the opinion of the experts.

Remote ICU Monitoring It is an excellent solution for providing critical care to the patients who are in remote areas with minimum healthcare facilities. Vital parameters of the patient can be monitored from the multi-speciality hospital through TV monitoring.

Tele-Radiology The transferring of the digitized medical images and clippings like X-rays, MRIs and CT scans from one location to another for reports. (www14)

Key Advantages:

In General:
  • A company can archive the history of its accomplishments or events for future reference and can produce its promotional CDs, DVDs and other online presentations.
  • In the travel industry the organizers can showcase their resorts in form of video samples.
  • Real Estate companies can show the videos of the house to the buyers with clicking a button. They can see and hear taking them from the front view, through the bathrooms and out the backyard.
  • Businesses looking for the generation of revenue from online ventures, always find the video as the single most effective representation for their products and services. etc., (www16)
In Medical Profession (Apollo):
  • They publish training videos from equipment manufacturers to ensure proper use of medical devices and instruments, such as heart monitors, MRI, and radiology.
  • They provide hospital news and information to staff and visitors, broadcast to always-on plasma screens located in hallways, cafeterias, and lobbies.
  • They also provide desktop video-based training and continuing education to physicians, nurses, medical technicians, and other staff to reduce time out of the hospital.

Key Disadvantages:

In General:
  • Almost every video on the World Wide Web is virus infected. Streaming these infected videos from the video streaming websites will lead to the malfunctioning of the computer.
  • Almost 3/4th of the videos on the web are having adult content in them. It creates a bad impact in the youth.
  • The video streaming websites are very free to upload and download, and because of this the piracy is being developed. (Journal 3)
  • In Medical Profession (Apollo):
  • Not all hospitals can afford it in the cost perspective.
  • The video assisted surgeries often take lot of time when compared to the traditional one. The laparoscopic surgery can increase the risk of developing blood clots and wounds. (www17)

CONCLUSION:

REFERENCES:

BOOKS:

  • Book1: Dan Rayburn & Michael Hoch (2005).The Business of streaming and digital media. Burlington, United States of America: Focal Press. p80-100.
  • Dan Rayburn & Michael Hoch, The Business of streaming and digital media.

  • Book2: Aylin kantarci. (2000). Lecture notes in computer science. In: Turhan TunaliAdvances in Information Systems. Heidelberg: Springer Berlin. p275-284. http://www.springerlink.com/content/5u5dfnrx57fvy6r6/

JOURNALS:

  • Journal1: Y D Tan, N Philip. (2006). Fragility Issues of Medical Video Streaming over 802.11e-WLAN m-health Environments.Fragility Issues of Medical Video Streaming over 802.11e-WLAN m-health Environments.1(1), p6316-9. http://www.molecularstation.com/research/fragility-issues-of-medical-video-streaming-over-80211e-wlan-m-health-environments-17945954.html
  • Journal2: http://apollomedicaljournal.com/
  • Journal3: Jay Lickfett. (2001). What are the disadvantages of streaming audio versus downloading audio?.What are the disadvantages of streaming audio versus downloading audio ? .1 (3), question 58.

WEBSITES:

  • www1: Meta minds team. (2009).streaming video introduction. Available: http://metaminds.weebly.com/introduction.html. Last accessed 24 November 2009. http://metaminds.weebly.com/introduction.html
  • www2:Bill Pratt. (2009).Bill Pratt EzineArticles.com Expert Author.Available: http://ezinearticles.com/?expert=Bill_Pratt. Last accessed 30 November 2009. http://EzineArticles.com/?expert=Bill_Pratt
  • www3: IVCI. (2009).Streaming video applications.Available: http://www.ivci.com/streaming_video_applications.html. Last accessed 29 November 2009. http://www.ivci.com/streaming_video_applications.html
  • www4: Emma. (2008). The top 5 video streaming websites. Available: http://www.techsupportalert.com/top-5-video-streaming-websites.htm. Last accessed 30 November 2009. http://www.techsupportalert.com/top-5-video-streaming-websites.htm
  • www5: In data group. (2009). Streaming An Introduction to Video Streaming, live streaming and stream. Available: http://www.indata.com/video_streaming.html. Last accessed 30 November 2009. http://www.indata.com/video_streaming.html
  • www6: Rochester Institute of Technology. (2009).Telemedicine: Researchers Broadcast Live Surgery Using Internet2. Available: http://www.sciencedaily.com/releases/2008/11/081112160853.htm. Last accessed 30 November 2009.
  • www7: Harvard University. (2000-2009).Video Assisted Thoracic surgery.Available: http://www.health.harvard.edu/diagnostic-tests/video-assisted-thoracic-surgery.htm. Last accessed 25 November 2009. http://www.health.harvard.edu/diagnostic-tests/video-assisted-thoracic-surgery.htm
  • www8: March 6, 2007, teleconference with Diane D. Cousins. (2000-2009).Medication Errors during Surgeries Particularly Dangerous.Available: http://yourtotalhealth.ivillage.com/medication-errors-during-surgeries-particularly-dangerous.html. Last accessed 24 November 2009. http://yourtotalhealth.ivillage.com/medication-errors-during-surgeries-particularly-dangerous.html
  • www9: Health And Negligence Law Australia. (2009).Medical Negligence Compensation Cases.Available: http://www.solicitoradvice.com/mednegcaselaw.htm. Last accessed 24 November 2009. http://www.solicitoradvice.com/mednegcaselaw.htm
  • www10: wrong diagnosis team. (2009).Missing Document.Available: http://www.wrongdiagnosis.com/news/medical_error_in_surgery_causes_deb%20ilitating_death.htm. Last accessed 27 November 2009. http://www.wrongdiagnosis.com/news/medical_error_in_surgery_causes_deb ilitating_death.htm
  • www11: CCTV camera pros. (2006).Dome Security Camera. Available: http://www.cctvcamerapros.com/Dome-Security-Camera-p/dpro-92311.htm. Last accessed 27 November 2009. http://www.cctvcamerapros.com/Dome-Security-Camera-p/dpro-92311.htm
  • www12: Apollo Hospitals. (2009).Apollo hospitals overview. Available: http://www.apollohospitals.com/about-us.html. Last accessed 25 November 2009. http://www.apollohospitals.com/
  • www13: Apollo Hospitals. (2009).Apollo Telemedicine Network Foundation.Available: http://www.telemedicineindia.com/index.htm. Last accessed 26 November 2009. http://www.telemedicineindia.com/index.htm
  • www14: Apollo Hospitals. (2009). Services.Available: http://www.telemedicineindia.com/Services.htm. Last accessed 26 November 2009. http://www.telemedicineindia.com/Services.htm
  • www15: Apollo Hospitals. (2009).Patient Experiences.Available: http://www.apollohospitals.com/apollo-international-patients-speak.html. Last accessed 24 November 2009. http://www.apollohospitals.com/apollo-international-patients-speak.html
  • www16: Virtual needs. (2005).Virtual Video streaming Benefits. Available: http://www.virtual-needs.com/benefits.htm. Last accessed 29 November 2009. http://www.virtual-needs.com/benefits.htm
  • www17: Ring Surf. (2009).Laparoscopic Disadvantages.Available: http://www.ringsurf.com/online/1793-laparoscopic_disadvantages.html. Last accessed 29 November 2009. http://www.ringsurf.com/online/1793-laparoscopic_disadvantages.html

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Friday, April 20, 2012

Exclusive: JPMorgan poised to sell U.S. metal concentrate unit

SANTIAGO (Reuters) - JPMorgan Chase & Co is close to selling its U.S. metal concentrates trading arm and could announce a deal as early as Monday, two sources who were informed of the deal told Reuters this week.

The divestment, while likely small in dollar terms, would come just months ahead of a deadline to sell off parts of the bank's enlarged commodity trading operation that do not meet Federal Reserve regulations. JP Morgan had two years to comply after it bought the bulk of RBS Sempra in 2010.

The size of the deal and identify of the buyer were not clear, but sources said most large merchant traders had examined the Stamford, Connecticut-based business, a mid-sized player in the niche market for trading concentrate ore that has been crushed and milled to remove waste and increase the metal.

Philip Bacon, who runs JPMorgan Metal & Concentrate LLC, told customers and traders at this week's CESCO copper industry conference in Santiago, Chile, that they hoped to announce a deal by Monday, two sources who met with the team told Reuters.

A JP Morgan spokeswoman declined to comment.

The concentrates team, which includes a handful of senior traders, had to miss Wednesday night's CESCO dinner, one of the metal and mining industry's biggest events of the year, to fly back to the United States to finalize the last remaining details of the deal, the sources said.

The announcement could yet slip a few days, but the team expects to inform customers by the end of next week, they said. The sale does not including the bank's physical copper and aluminum trading desks in Singapore and London and its much-larger metal futures trading and brokerage operations, which includes its London Metal Exchange ringdealing membership.

The unit trades copper, zinc and lead concentrates, as well as physical base metals, mainly copper and aluminum. The base metal book is run by Brian Ahern, they said.

"It makes sense. They'll have a full offering that way," said one source who had spoken to the team about the sale.

Bacon and Ahern did not return calls for comment. Speculation about the identity of the buyer was rife at the conference, but Bacon and his team told customers they would not disclose it until it was official.

Most large international trading houses have taken a look at the business, but did not pursue the purchase, one trader said.

"I don't know who's going to buy them, everyone's taken a look," said the trader, whose company - much larger than the JPM unit - had opted not to make a bid.

The sale seems unlikely to mar commodities chief Blythe Masters' recent success. After a rocky integration in 2010, Masters led the commodities division to record revenues topping $2.8 billion last year, exceeding long-time industry leaders Goldman Sachs Group Inc and Morgan Stanley for the first time.

The sale of the unit, initially reported by Reuters in March, has heightened speculation about the future of Wall Street's growing role in physical commodity markets.

While the Federal Reserve has over the past decade allowed a dozen banks to freely trade physical commodities such as crude oil, wheat and copper, it has drawn a line at allowing regulated banks to own and operate hard assets, unless they do so at arm's length under merchant banking terms.

Morgan Stanley and Goldman Sachs were given five years to comply with regulations after they converted to holding companies during the 2008 financial crisis. But JP Morgan had a tighter time frame after its $1.7 billion acquisition of RBS Sempra's global metals and oil business in July 2010.

Because concentrates are not traded on any derivative exchange, the U.S. Federal Reserve had already required RBS to divest or shut down the business within two years when it granted approval to the UK bank's acquisition of a stake in Sempra Commodities in 2008, according to its published order.

Now additional questions are being asked about the future of UK-based Henry Bath, the global metals warehousing firm, because the Federal Reserve previously barred the Royal Bank of Scotland Group Plc from owning such assets.

The bank has not received any explicit authorization from the Fed to carry on operating the business, sources told Reuters last month. Talks with the Fed are ongoing, sources say.

CONCENTRATED BUSINESS

The trading team is well respected, although it is thought to be dwarfed by the bank's London-based physical metal trading business, sources said. The unit traces its history back to MG Metals, the Metallgesellschaft operation that dominated the metals market in the 1990s and was later bought by Enron.

It can be a hugely profitable business through spot or long-term contracts. When mine output falls, so do charges that miners pay smelters to treat and refine their material as smelters scramble for raw material.

JPMorgan Metals & Concentrates has at least three agreements to buy concentrate that produce the equivalent of about 43,000 metric tons (47,399 tons) of copper metal and 23,000 metric tons (25,353 tons) of zinc metal per year from Australian copper and zinc mines run by companies, including Hillgrove Resources Ltd and Straits Resources Ltd .

(Editing by Andre Grenon)

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