latest news releases from the newsroom
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.
Volvo Truck deliveries January -- May 2005
GOTEBORG, Sweden, June 17, 2005 (PRIMEZONE) -- Total deliveries of trucks from the Volvo Group's three truck companies increased 22% through May this year, compared with the year-earlier period. Deliveries from Mack rose 55%, while deliveries from Renault Trucks were up 10%. Deliveries from Volvo Trucks increased 23% during the period.
Strategy for TDC Directories
COPENHAGEN, Denmark, June 17, 2005 (PRIMEZONE) -- Today, TDC has announced that it is exploring strategic options for its fully owned subsidiary TDC Forlag A/S (TDC Directories), including a potential sale of the business.
Murray, Frank & Sailer LLP
Investor Notice: Murray, Frank & Sailer LLP Has Commenced a Shareholder Class Action Against PEMSTAR, Inc. -- PMTR
NEW YORK, June 16, 2005 (PRIMEZONE) -- Murray, Frank & Sailer LLP has filed a class action lawsuit in the United States District Court for the District of Minnesota on behalf of shareholders who purchased or otherwise acquired the securities of PEMSTAR, Inc. ("PEMSTAR" or the "Company") (Nasdaq:PMTR) between January 29, 2003 to January 24, 2005, inclusive (the "Class Period"). The action is captioned The Cornelia I. Crowell GST Trust v. PEMSTAR, Inc., et al., Civ. No. 05-1182 (D. Minn.).