latest news releases from the newsroom
AB Volvo Announces Share Repurchase
GOTEBORG, Sweden, Nov. 2, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Monday November 1, acquired 250,000 series B shares. The shares were traded between SEK 269.50 and 272.50 with an average price of SEK 271.14.
Credit Acceptance Corporation
Credit Acceptance Announces 3rd Quarter Earnings
SOUTHFIELD, Mich., Nov. 1, 2004 (PRIMEZONE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced consolidated net income for the three months ended September 30, 2004 of $12,742,000 or $0.31 per diluted share compared to $8,818,000 or $0.20 per diluted share for the same period in 2003. For the nine months ended September 30, 2004, consolidated net income was $26,878,000 or $0.65 per diluted share compared to $18,419,000 or $0.43 per diluted share for the same period in 2003.
Spector Roseman Kodroff & Willis, P.C.
Class Action Lawsuit on Behalf of Noteholders of Sears Roebuck Acceptance Corporation to Proceed Announce Much Shelist and Spector, Roseman & Kodroff, P.C. -- SRJ
PHILADELPHIA, Nov. 1, 2004 (PRIMEZONE) -- Lead Counsel, Much Shelist Freed Denenberg Ament & Rubenstein P.C. and Spector, Roseman & Kodroff, P.C. announce that the United States District Court for the Northern District of Illinois denied the defendants' motion to dismiss in part on September 24, 2004, allowing the class action to proceed against certain defendants and allowing plaintiffs to file a second amended complaint. The class is defined as all persons and entities who (1) purchased, pursuant to a prospectus, securities issued by Sears Roebuck Acceptance Corporation ("SRAC") (NYSE:SRJ) between October 24, 2001 and October 17, 2002 (the "Class Period") and (2) those who purchased during the Class Period, the publicly traded securities issued by SRAC before the Class Period and actively traded through the public markets and over national stock exchanges. The Second Amended Complaint will be filed on November 15, 2004.
Ahold transfers controlling interest in Disco to Cencosud
ZAANDAM, The Netherlands, Nov. 1, 2004 (PRIMEZONE) -- Ahold today announced it has partially completed the sale of its 99.94% controlling interest in Disco S.A. to Chilean retailer Cencosud S.A. by transferring the ownership of approximately 85% of the outstanding Disco shares. The remaining approximately 15% of the Disco shares will be transferred to Cencosud as soon as legally possible; currently these shares are subject to certain Uruguayan court orders processed and executed in Argentina, that might possibly prohibit their transfer.