latest news releases from the newsroom
Credit Suisse Group
Credit Suisse Group Reports Net Income of CHF 4.7 Billion for the First Nine Months of 2004, with Net Income of CHF 1.4 Billion for the Third Quarter of 2004
ZURICH, Switzerland, Nov. 04, 2004 (PRIMEZONE) -- Credit Suisse Group today reported net income of CHF 1,351 million for the third quarter of 2004, compared to net income of CHF 1,457 million in the previous quarter. For the first nine months of 2004, the Group recorded net income of CHF 4,669 million. Private Banking reported seasonally lower third quarter 2004 results versus the second quarter, while Corporate & Retail Banking continued to deliver a solid performance; both segments recorded good results for the first nine months of the year. Credit Suisse First Boston reported improved fixed income trading and investment banking advisory revenues but lower equity trading and underwriting revenues and lower private equity gains compared to the second quarter of 2004. In the insurance business, both Life & Pensions and Non-Life produced solid results for the first nine months of 2004. Third quarter 2004 net income at Credit Suisse First Boston and Winterthur included favorable tax impacts totaling CHF 257 million. Credit Suisse Group's return on equity was 15.3% in the third quarter and 17.7% in the first nine months of 2004.
Starfield Resources, Inc.
Drilling Commenced On Starfield Resources, Inc. Ferguson Lake Option Property
VANCOUVER, British Columbia, Nov. 3, 2004 (PRIMEZONE) -- Starfield Resources, Inc. (the Operator) (OTCBB:SRFDF) (TSX Venture Exchange:SRU) and Wyn Developments Inc. are pleased to announce that drilling has commenced on the JR-1 Claim on the east side of Ferguson Lake, Nunavut. This exploration is part of the Phase II Exploration Program being conducted at Starfield's Ferguson Lake copper-nickel-cobalt-palladium-platinum massive sulphide project.
Diamant Art Corp.
ART International Signs Distribution Agreement with Victory Packaging
MARKHAM, Ontario, Nov. 3, 2004 (PRIMEZONE) -- ART International Corporation (OTCBB:ARIOF) is pleased to announce that its wholly-owned subsidiary, Diamant Film Inc., the North American distributor of a revolutionary non-PVC stretch wrap, has signed a Letter of Intent for a distribution agreement with Victory Packaging, headquartered in Houston, TX. The agreement is for the distribution rights of Diamant(tm) film to the industrial, supermarket, institutional, and catering markets throughout North America.