SYDNEY, June 24--AsiaNet/InfoQuest FDA APPROVAL... HAYWARD, Calif. and KUALA LUMPUR, Malaysia: Farallon Medical, Inc., a California headquartered developer of point-of-care diagnostic and drug monitoring technologies, Thursday announced the United States Food and Drug Administration has accepted and cleared for marketing the Immedia PT System. http://www.farallonmedical.com COGNOS RESULTS... OTTAWA & BURLINGTON, Mass.: Cognos Incorporated, the world leader in business intelligence (BI) and corporate performance management (CPM) solutions, has posted a 15 per cent on-year jump in revenue to US$200.1 million for the first quarter of fiscal year 2006 ended May 31, 2005. http://www.cognos.com CONTRACT OFFER... WASHINGTON: After 32 months in negotiations, the Independent Pilots Association Thursday called on UPS to make its last, best and final offer on a new pilot contract. SYNDICATED LOAN... SEOUL & NEW YORK: New Songdo City Development, LLC (NSC), the developer of the International Business District of New Songdo City, Thursday announced that it has successfully concluded a US$1.5 billion (KRW $1.5 trillion) syndicated loan in cooperation with the three coordinating arrangers -- ABN Amro, Kookmin Bank and Woori Bank -- along with 23 other financial institutions. INCINERATION PLANTS... COLOGNE: Four of the total 33 refuse incineration plants (RIP) in South Korea are already being operated with activated lignite from Germany that is distributed world-wide by the company Rheinbraun Brennstoff GmbH (RBB) under the brand name "Activated Lignite HOK". http://www.hok.de FANNIE MAE... WASHINGTON, D.C.: Fannie Mae will redeem the principal amount of two securities issues amounting to a total of US$175 million on July 5, 2005 at a redemption price equal to 100 percent of the principal amount redeemed plus accrued interest. http://www.fanniemae.com (AsiaNet is a consortium of leading news agencies distributing unedited, translated news releases for worldwide clients. Visit www.asianetnews.net for full-text versions.)