latest news releases from the newsroom
Scania Reviews Production Structure -- a Precondition for Keeping Jobs in Sweden
SODERTALJE, Sweden, Oct. 10, 2005 (PRIMEZONE) -- Scania has decided to carry out a review of the company's production structure in Sweden. The review primarily concerns operations in Sodertalje, Falun and Sibbhult related to axles, gearboxes and components for these. Some 1 800 employees are today employed in these operations. "Continued streamlining of production is a precondition for keeping jobs in Sweden," says Leif Ostling, President and CEO.
Northrop Grumman Corp.
Northrop Grumman Updates Financial Guidance for Hurricane Impact
LOS ANGELES, Oct. 10, 2005 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has updated its assessments of damage, work delays and cost growth resulting from hurricanes Katrina and Rita. The company's facilities have incurred significant damage and its operations have been impacted. As a result, the company expects to take a charge to third quarter 2005 earnings; however, the company does not expect a material impact to its overall financial health.
Sorin Group Secures License From Cytomedix
ROCKVILLE, Md. and MILAN, Italy, Oct. 10, 2005 (PRIMEZONE) -- Cytomedix, Inc. (AMEX:GTF) today announced that COBE Cardiovascular, Inc., a member of Sorin Group (Reuters Code:SORN.MI), has been granted a worldwide license to Cytomedix's "Knighton" patent for all applications relating to the use of autologous platelet releasate therapies for healing purposes.
Sandvik AB: Nomination Committee for Annual General Meeting on 2 May 2006
SANDVIKEN, Sweden, Oct. 10, 2005 (PRIMEZONE) -- At Sandvik AB's Annual General Meeting on 3 May 2005 it was resolved that the Nomination Committee shall comprise five persons. The four largest shareholders shall each appoint a member and they, jointly with the Chairman of the Board, shall comprise the Nomination Committee for the period until the next Annual General Meeting. The Chairman of the Board is the convening authority. The composition of the Nomination Committee prior to the Board election in 2006 shall be announced publicly as soon as it is appointed, however, not later than six months prior to the Annual General Meeting.