latest news releases from the newsroom
Hannover Re Expects Losses in the Range of EUR 120 - 180 Million From Winter Storm 'Kyrill'
HANNOVER, Germany, Jan. 29, 2007 (PRIME NEWSWIRE) -- Winter storm 'Kyrill' - which swept across large parts of Europe on 18 and 19 January 2007 - caused insured losses in the order of EUR 4 to 7 billion. The exact scale of insured damage cannot yet be reliably assessed in view of the multitude of small- and medium-size losses and the large number of countries affected. Against this backdrop Hannover Re expects a net loss burden of EUR 120 to 180 million before tax; the bulk of this expenditure is attributable to claims in Germany. The total loss amount was alleviated by the 'K5' risk securitisation which had been expanded to USD 520 million as at January 1, 2007 (see NewsLetter published on January 16, 2007).
QLogic Executives to Present at Thomas Weisel Partners Technology Conference
ALISO VIEJO, Calif., Jan. 29, 2007 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced that Tony Massetti, senior vice president and CFO, and Rick Franz, vice president of technology and planning, will present at the Thomas Weisel Partners 2007 Technology Conference on Tuesday, February 6, 2007 at 3:50 p.m. Pacific Time in San Francisco. The conference will be held at the Fairmont Hotel.
Tyson Foods, Inc.
Tyson Reports First Quarter Fiscal 2007 Results
SPRINGDALE, Ark., Jan. 29, 2007 (PRIME NEWSWIRE) --Tyson Foods, Inc. (NYSE:TSN) today reported $0.16 diluted earnings per share for the first fiscal quarter ended December 30, 2006, compared to $0.11 diluted earnings per share in the same quarter last year. Sales for the first quarter of fiscal years 2007 and 2006 were $6.6 billion and $6.5 billion, respectively. Operating income was $145 million compared to $110 million and net income was $57 million compared to $39 million for the first quarter of fiscal 2007 and for the same period last year, respectively.