latest news releases from the newsroom
TeliaSonera Requests Interim Measures on Turkcell Holding Shares
STOCKHOLM, Sweden, June 17, 2005 (PRIMEZONE) -- On March 25, an agreement was announced in which Cukurova agreed to sell all its shares in Turkcell Holding to TeliaSonera for USD 3.1 billion (SEK 23.7 billion). Cukurova has thereafter refused to sign a final share purchase agreement. TeliaSonera believes that Cukurova is still required to complete the transaction and pursued legal actions to protect its rights.
JetBlue Airways Corporation
JetBlue Launches New Service to Ponce, Puerto Rico
NEW YORK, June 17, 2005 (PRIMEZONE) -- JetBlue Airways (Nasdaq:JBLU) today launched new service from New York City's John F. Kennedy International Airport to Ponce, the second largest city on Puerto Rico's southern coast. The low-fare carrier now offers nonstop flights from New York City to more destinations in Puerto Rico than any other airline.
Autoliv Australia Announces Major Cost Reductions
STOCKHOLM, Sweden, June 17, 2005 (PRIMEZONE) -- Autoliv Australia Pty Ltd, a subsidiary of Autoliv Inc., the world's leading automotive safety company, announced today plans to restructure in order to ensure a viable future. The plans affect 565 of the 900 Autoliv employees in Australia.
Royal Numico NV
Numico: Italian Antitrust Authority Approves Mellin Acquisition
SCHIPHOL AIRPORT, Netherlands, June 17, 2005 (PRIMEZONE) -- Royal Numico N.V. announces that the Italian antitrust authority has approved Numico's acquisition of Mellin S.p.A., Italy's fastest growing Baby Food company. The transaction is expected to close before the end of June. Commenting on the approval from the Italian antitrust authority, Jan Bennink, CEO of Numico, commented: "We are very pleased with the positive outcome from the Italian antitrust authority which now ensures completion of this acquisition before the end of June. The agreed reduction of consumer prices, which formed an integral part of our business plan, will help bolster growth in this very attractive market with low per capita consumption. We remain confident with the anticipated level of synergies which will allow the acquisition to be accretive from year one."
American Skandia Market Timing
STOCKHOLM, Sweden, June 17, 2005 (PRIMEZONE) -- As previously communicated, most recently in Skandia's 2004 Annual Report, in connection with investigations by the US Securities and Exchange Commission (SEC) and the New York Attorney General's office, several mutual fund and variable annuity assurance companies in the US have been accused of allowing frequent trading, or "market timing", in fund units, which may be harmful to the interests of other investors. Skandia's former subsidiary American Skandia has been subject to such investigations.