latest news releases from the newsroom
Interhyp AG: Report on 1st Quarter 2006: Mortgage Volume and Net Revenues More Than Doubled -- EBIT Improved by a Factor of 3.6
MUNICH, Germany, May 9, 2006 (PRIMEZONE) -- Interhyp AG, Germany's largest independent residential mortgage broker, clearly strengthens its market leadership with its results for the first quarter of 2006. Brokered residential mortgage volume rose by 118 per cent to EUR 1.105 billion (1st quarter 2005: EUR 507 million). Net revenues, that is commission income achieved after deduction of payments to partners in the intermediary channel, grew by 121 per cent to EUR 14.2 million (previous year: EUR 6.4 million). Earnings before interest and tax (EBIT) improved by a factor of 3.6 to EUR 5.0 million compared with the first quarter of 2005 (EUR 1.4 million). This corresponds to an EBIT margin of 35.6 per cent, which lies above the 35 percent target for the whole of 2006. Net income in the first quarter of 2006 is at EUR 3.0 million.
Converium Holding AG
Converium Holding: Successful April 1 Treaty Renewals With Stable Premium Volume
ZUG, Switzerland, May 9, 2006 (PRIMEZONE) -- Converium recorded a successful April 1 renewal of non-life treaties. The Company bound non-life contracts of US$ 272.2 million or 99.5% of the business that was up for renewal. This result is fully in line with previously stated expectations. It again testifies to the resilience of Converium's franchise, following the gratifying results of the January 1 renewals.
Dobson Communications Corporation
Dobson Communications Corporation Announces Tender Offer and Consent Solicitation
OKLAHOMA CITY, May 8, 2006 (PRIMEZONE) -- Dobson Communications Corporation (the "Company") (Nasdaq:DCEL) announced today that its wholly-owned subsidiary Dobson Cellular Systems, Inc. ("Dobson Cellular") has commenced a cash tender offer for any and all of its $250 million aggregate principal amount of First Priority Senior Secured Floating Rate Notes due 2011 (CUSIP No. 256067AF6) (the "Notes") and a consent solicitation to amend the related Notes and indenture. The terms and conditions are set forth in the Offer to Purchase and Consent Solicitation Statement dated May 8, 2006 (the "Statement").
Toyota Motor North America, Inc.
Toyota Motor North America Names New Leadership Team, Appointing Yuki Funo Chairman and CEO, and Jim Press President
NEW YORK, May 8, 2006 (PRIMEZONE) -- Toyota Motor North America, Inc. (TMA), the North American subsidiary of Toyota Motor Corporation (TMC), today announced the appointment of a new leadership team. Yuki Funo, currently chairman and CEO of Toyota Motor Sales, U.S.A., Inc. (TMS), has been named Chairman and CEO of TMA, and Jim Press, currently President and COO of TMS, has been appointed President of TMA, effective immediately. Mr. Press is the first American to serve as President of TMA.
ClassicWines.com Expands Its Online Guide to Classic Wine
CHESTER, Pa., May 8, 2006 (PRIMEZONE) -- Wine has been produced and enjoyed for more than 7,000 years, and these days, it is more popular than ever. Retail sales of wine, through web sites and online merchants, are surging. At the same time, the restrictive laws governing the sale and distribution of wine are relaxing. As a result, "The next revolution in the wine industry will not come from wineries, but from web sites," says Mark Spangler, the new product manager of ClassicWines.com.
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against UnitedHealth Group, Inc. -- UNH
HARTFORD, Conn., May 8, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Minnestota on behalf of all persons who purchased or otherwise acquired the publicly traded securities of UnitedHealth Group, Inc. ("UnitedHealth" or the "Company") (NYSE:UNH) between May 4, 2001 and April 7, 2006, inclusive, (the "Class Period"). Also included are all those who acquired UnitedHealth's securities through its acquisitions of AmeriChoice, Mid Atlantic Medical, Oxford Health Plans and Pacificare Health.