latest news releases from the newsroom
Innovation Award to Volvo Penta IPS
GOTEBORG, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Volvo Penta IPS was awarded ``The Best Technological Innovation Trophy" at the international boat show currently being held in Genoa, Italy.
Atlas Copco to Acquire Compressed Air Treatment Company in the United States
STOCKHOLM, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Atlas Copco North America Inc. has signed an agreement to acquire Pneumatech Inc. and ConservAIR Technologies Company LLP, of the United States. The companies have a consolidated turnover of approximately MSEK 140 (MUSD 18) and 175 employees. The expected closing date of the acquisition is October 31, 2005.
Skanska to Manage School Construction in Orlando for USD 43 M, SEK 315 M
STOCKHOLM, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Skanska has been awarded the construction management contract for a high school in Orlando, Florida. The contract is valued at a total of approximately USD 58 M, of which Skanska's portion is USD 43 M, corresponding to SEK 315 M, which has been included in order bookings for the third quarter. The customer is Orange County Public Schools.
Scania at RAI in Amsterdam: The New Powertrains och and the Driver in Focus
SODERTALJE, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Scania's new powertrains are in focus at the RAI exhibition. News from Scania includes a full range of Euro 4 engines and a couple of Euro 5 engines tailored to the needs of international long-haulage operators. Together with a new generation of gearboxes, this enables customers to optimise powertrains for any type of transport. Scania's latest offer in Fleet Management is also being demonstrated, including new services aimed at connecting driver and vehicle to any transport management system in the office. Scania continues to profile its commitment as a full service provider to customers. Drivers are strongly in focus -- not least during the 'Driver weekend' 15-16 Oct.
JetBlue Airways Corporation
JetBlue Airways Restates 2005 Financial Statements
NEW YORK, Oct. 12, 2005 (PRIMEZONE) -- JetBlue Airways Corporation (Nasdaq:JBLU) today filed amendments to its first quarter and second quarter 2005 Form 10-Qs to restate its consolidated financial statements and other financial information contained in those reports with respect to its accounting for 1) rent expense under operating leases for certain airport properties containing provisions with minimum rent escalations, 2) depreciation expense for leasehold improvements with respect to certain airport locations and other facilities, and 3) the inadvertent recognition of passenger revenue related to unpaid ticket reservations. As a result, for the six months ended June 30, 2005, net income increased $0.3 million and diluted earnings per share increased one cent to 18 cents.
Education Realty Trust, Inc.
Education Realty Trust Sets 3rd Quarter Earnings Release, Conference Call
MEMPHIS, Tenn., Oct. 12, 2005 (PRIMEZONE) -- Education Realty Trust, Inc. (NYSE:EDR) today said it will release third-quarter financial results before the market opens on Monday, November 14, 2005 and it will host an earnings conference call for interested parties also on November 14, 2005, beginning at 11 a.m. Eastern Time. The call will feature Paul O. Bower, EDR president, chairman and chief executive officer; Randall H. Brown, chief financial officer; and Craig L. Cardwell, chief investment officer, who will review the company's results.
Pomerantz Haudek Block Grossman & Gross LLP Commences Securities Class Action Against Refco, Inc. -- RFX
NEW YORK, Oct. 12, 2005 (PRIMEZONE) -- The Pomerantz Firm (www.pomerantzlaw.com) has filed a class action complaint in the United States District Court, Southern District of New York, against Refco, Inc. ("Refco" or the "Company") (NYSE:RFX), two of its officers, certain underwriters and the Company's outside auditor. The class action was filed on behalf of public investors who purchased the common stock of Refco during the period of August 11, 2005 and October 7, 2005, inclusive (the "Class Period"). It includes those investors who purchased the common stock of Refco pursuant and/or traceable to the Company's initial public offering on August 11, 2005 ("IPO").