latest news releases from the newsroom
Rabobank Is Having a 'Positive' Year
UTRECHT, Netherlands, June 16, 2005 (PRIMEZONE) -- Rabobank has gotten off to a good start in 2005. Mr H. (Bert) Heemskerk, Chairman of the Executive Board of the Rabobank Group, reported that the developments across the breadth of the Rabobank Group were "once again positive" in the first months of 2005. In his speech to the Rabobank General Meeting held this afternoon in Utrecht, the Chairman of the Executive Board said that: "We are on track. But we clearly need all hands on deck to ensure that we stay on course. Because we are definitely working against a strong headwind." Rabobank's large-scale annual General Meeting was held this afternoon in Utrecht. For the co-operative bank this meeting is comparable to a shareholders' meeting attended by representatives of all the local member banks.
Hydro Restructures Aluminium Plants
OSLO, Norway, June 16, 2005 (PRIMEZONE) -- Increasing power prices in Europe forces Hydro to restructure its German primary aluminium production plants. The company has been unable to secure power contracts at prices that can sustain continued operation of two of Hydro's primary aluminium plants in Germany. Hydro is also preparing to close this year the oldest production line at its Hoeyanger plant in Norway. The restructuring will improve competitiveness of the primary aluminium operations.
HCC Insurance Holdings, Inc.
HCC Announces Formation of HCC Credit Underwriters
HOUSTON, June 16, 2005 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today, subject to regulatory approval, the formation of HCC Credit Underwriters, Inc. (HCC-CU), an underwriting agency to be located in New York City with a branch office in London. HCC-CU will specialize in short and medium term credit risks for U.S. and international companies and will underwrite on behalf of its affiliated insurance companies: Houston Casualty Company, HCC Europe, US Specialty Insurance Company and HCC Reinsurance Company.
Faux Fun, Inc.
Faux Fun's Barbara Wurden Offers Instructional DVDs for the Flourishing Faux Painting Market
LONG BEACH, Calif., June 16, 2005 (PRIMEZONE) -- When Faux Fun showcased its series of instructional DVDs at the National Hardware Show, attendees were able to meet almost the entire production team. That's because the talented artist is also the director, writer, camerawoman, photographer, instructor, and on-screen talent.
Atlas Copco Acquires Distributors in Slovenia and Croatia
STOCKHOLM, Sweden, June 16, 2005 (PRIMEZONE) -- Atlas Copco International B.V, the Netherlands, has today acquired Contex AC d.d. and Contex d.o.o., based in Slovenia and Croatia respectively. Together, the companies have 23 employees. The purchase price was not disclosed.
GTREX Capital Announces Global Travel Exchange Web Services Management Agreement with Itellix
ALISO VIEJO, Calif., June 16, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) and its operating subsidiary Global Travel Exchange, Inc., a leading provider of direct access travel distribution technology, today announced an agreement with Itellix to provide a single comprehensive solution for the Global Travel Exchange's Voyager Network travel distribution system. The web services management solution provided by Itellix is expected to reduce costs and improve service as Global Travel Exchange increases the number of transactions booked through its platform.
TeliaSonera Launches WLAN-Service Homerun on Airplanes
STOCKHOLM, Sweden, June 16, 2005 (PRIMEZONE) -- TeliaSonera has signed a roaming agreement with wireless Internet service provider Connexion by Boeing to provide TeliaSonera's wireless broadband service HomeRun on airplanes as of today. TeliaSonera is taking the lead in the migration from fixed to mobile and Internet-based services through its focused service portfolio. HomeRun is an integrated part of TeliaSoneras mobile services.