latest news releases from the newsroom
Overseas Shipholding Group, Inc.
First Quarter Earnings Results
NEW YORK, May 5, 2004 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) reported net income for the quarter ended March 31, 2004 of $76,188,000, or $1.99 per share, an increase of 72% compared with net income of $44,235,000, or $1.28 per share, in the first quarter of 2003. EBITDA for the first quarter rose to $156,413,000 compared with $94,216,000 in the first quarter of 2003 (see EBITDA reconciliation included in the financial profile section).
CinTel Appoints Tong Soo Chung to Corporate Counsel
SOUTH KOREA, May 5, 2004 (PRIMEZONE) -- CinTel Corp. (OTCBB:CNCN) announced today that Tong Soo Chung has joined CinTel as its corporate counsel to support the Company in reaching its objectives. Mr. Chung joins CinTel with over 20 years' experience in corporate law and with an extensive public/legal service and business background.
Capital Research Group, Inc
Hot Stocks To Watch for Wednesday, May 5, 2004: WLFI, BRCM, MU, USXP
WESTON, Fla., May 5, 2004 (PRIMEZONE) -- TheSUBWAY.com names the following stocks to its Stock Watch List: Weight Loss Forever International Inc. (OTCBB:WLFI), Broadcom Corporation (Nasdaq:BRCM), Micron Technology, Inc., (NYSE:MU), Universal Express Inc. (OTCBB:USXP).
Millennium Chemicals Postpones Conference Call and Provides Information on First Quarter Results
HUNT VALLEY, Md., May 5, 2004 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium" or the "Company") announced today the postponement of its previously announced conference call on first quarter operating results and outlook scheduled for 1:00 p.m. on May 5, 2004. The postponement of the call and the issuance of first quarter operating results is necessary to provide Millennium with additional time to analyze the potential accounting ramifications in the first quarter of revised FASB Interpretation No. 46 (FIN 46), Consolidation of Variable Interest Entities, effective January 1, 2004 for variable interests acquired before February 1, 2003.
Hufvudstaden sells Schonborg 6 in Stockholm
STOCKHOLM, Sweden, May 05, 2004 (PRIMEZONE) -- Hufvudstaden has sold the company that owns the office and residential property Schonborg 6. The consideration for the shares, including the accumulated profit for January 1 to May 31, 2004, amounts to approximately SEK 168 million. The disposal will have an impact of approximately SEK 100 million on the consolidated post-tax profit for the second quarter.