latest news releases from the newsroom
Telenor: Results for the First Quarter of 2003
OSLO, Norway, May 7, 2003 (PRIMEZONE) -- Telenor's (Nasdaq:TELN) (Other OTC:TELNF) revenues increased by nine per cent to NOK 12.6 billion in the first quarter of 2003 compared to the first quarter of 2002. In the same period operating profit increased from NOK 602 million to NOK 1,475 million as a result of good underlying development, and profit before taxes and minority interests increased by more than NOK one billion to NOK 1,047 million.
Dobson Cellular Sued by Lone Star Phones for $27 Million
DALLAS, May 6, 2003 (PRIMEZONE) -- A Texas company, LSPCS, Inc., which does business as Lone Star Phones, has filed suit in Federal court against Dobson Cellular Systems, Inc., alleging that Dobson illegally terminated Lone Star's contracts and committed fraud and negligent misrepresentation in its dealings with Lone Star. The suit also alleges that Dobson employees manipulated the timing of commission payments to the detriment of Lone Star.
Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Announces Filing of Class Action Lawsuit Against Regeneron Pharmaceuticals, Inc. -- REGN
NEW YORK, May 6, 2003 (PRIMEZONE) -- Notice is hereby given that a class action lawsuit was commenced in the United States District Court for the Southern District of New York on behalf of all purchasers of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company") (Nasdaq:REGN) securities between March 28, 2000 and March 30, 2003, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the clerk's office of the Court or can be obtained by calling Faruqi & Faruqi, LLP.
PolyOne Announces Completion of Debt Refinancing
CLEVELAND, May 6, 2002 (PRIMEZONE) -- PolyOne Corporation (NYSE:POL), a leading global polymer services company, announced today that it has completed a debt refinancing plan initiated in early April. The refinancing will provide the necessary liquidity to repay $87.8 million of senior debt that matures in September 2003, as well as to support normal operations and fund previously announced restructuring initiatives intended to improve earnings.
Report from the Annual General Meeting of Teleca AB (publ) on May 6, 2003
MALMO, Sweden, May 6, 2003 (PRIMEZONE) -- Teleca's Annual General Meeting on May 6, 2003 adopted the parent company's and the group's accounts. It further discharged the Board of Directors and the CEO from liability. The CEO, Nick Stammers, commented on the group's operations and the interim report, which was distributed earlier during the day.