latest news releases from the newsroom
SKF awarded maintenance programme contract for Algerian gas production facility
GOTEBORG, Sweden, Sept. 23, 2003 (PRIMEZONE) -- DEI, the Aberdeen-based branch of SKF Reliability Systems (Nasdaq:SKFR), has been awarded a contract to develop a comprehensive maintenance programme for the "In Salah Gas" project in Algeria. In Salah Gas, a joint venture project between BP and the Algerian state energy company Sonatrach, is scheduled to come on stream in 2004 and produce nine billion cubic metres of gas per annum.
Press Release - Frontline Ltd.
HAMILTON, Bermuda, Sept. 23, 2003 (PRIMEZONE) -- The Board of Frontline (NYSE:FRO) Management AS and Mr. Ola Lorentzon have today agreed that Mr. Lorentzon shall retire from his current position as Frontline Management AS's managing director, effective from 1 October 2003.
Statoil's strategy unchanged
OSLO, Norway, Sept. 23, 2003 (PRIMEZONE) -- The board of directors of Statoil (OSE:STL) (NYSE:STO) and Olav Fjell have agreed at a board meeting on 22 September that Mr Fjell will resign as chief executive in order to normalise the group's position, both in-house and externally. At the same meeting the board appointed the present chief financial officer, Inge K. Hansen, as acting chief executive. The group will be developed further in accordance with existing strategy.
Stora Enso Oyj
Stora Enso's closed period two weeks
HELSINKI, Finland, Sept. 23, 2003 (PRIMEZONE) -- Stora Enso (NYSE:SEO) today announced that Stora Enso has changed the duration of its closed period to two weeks. Stora Enso will therefore not comment or meet capital market representatives or the media for two weeks prior to the date when the results of a reporting period are announced. Until now the closed period started immediately when a reporting period ended and lasted until the results were announced.
MTG applies for digital terrestrial broadcasting licences
STOCKHOLM, Sweden, Sept. 23, 2003 (PRIMEZONE) -- Modern Times Group MTG AB (Other OTC:MTGNF) (Nasdaq:MTGNY), the international media group, today announced that it has applied for licenses to broadcast its Viasat television channels on the Swedish digital terrestrial broadcasting network.
Skanska awarded largest Botniabanan rail project -- contract valued at SEK 1.3 billion
STOCKHOLM, Sweden, Sept. 23, 2003 (PRIMEZONE) -- Skanska (Other OTC:SKSBF) (LSE:SKABQ) Sweden will be responsible for the largest contract on the construction of the Botniabanan rail line in northern Sweden, the stretch between Offersjon and Bjallstaan, south of Ornskoldsvik. The contract for the design-construct project is valued at approximately SEK 1.3 billion and is included in order bookings for the third quarter of 2003.
Sydkraft chooses WM-data as partner for SAP Competence Center
STOCKHOLM, Sweden, Sept. 23, 2003 (PRIMEZONE) -- WM-data (Pink Sheets:WMDTF) is investing in the establishment of a SAP Competence Center in Malmo that will offer users of the SAP business system cost-efficient and total-package support and management services. At the same time, WM- data has signed an agreement with Sydkraft to incorporate Sydkraft's existing SAP Support Center into the new structure at WM-data. The Sydkraft Group, which is in the final stages of an extensive SAP installation project, has decided to outsource the help-desk and support functions to an external contractor. WM-data has been assigned principal responsibility for the contract, which is initially worth approximately SEK 125 M during a five-year period.
Murray, Frank & Sailer LLP
Rabin, Murray & Frank LLP Commences Class Action Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of the Securities of The Strong Funds Family of Funds
NEW YORK, Sept. 22, 2003 (PRIMEZONE) -- A class action lawsuit has been filed in United States District Court for the Southern District of New York, case number 03-CV-7438, on behalf of all persons or entities who purchased or otherwise acquired Strong Funds family of funds (the "Funds") owned and operated by Strong Financial Corporation, and its subsidiaries and affiliates, between October 1, 1998 and July 3, 2003, inclusive, (the "Class Period"). The complaint names Strong Financial Corporation, Strong Capital Management, Inc., and each of the Funds' registrants and issuers, Edward J. Stern, Canary Capital Partners, LLC, Canary Investment Management, LLC, Canary Capital Partners, Ltd, each of the Funds, and John Does 1-100.