latest news releases from the newsroom
SCA Acquires All Shares in Jointly Owned Mexican Hygiene Operations
STOCKHOLM, Sweden, Dec. 8, 2004 (PRIMEZONE) -- SCA and the Mexican company Copamex S.A. de C.V. (Copamex) currently own 50% each of the hygiene products company Copamex Productus al Consumidor S.A. de C.V. (CPG). To achieve an efficient coordination with SCA's other operations, primarily in North and South America, and to attain full control over the company's future management and development in the rapidly growing markets in Mexico and Central America, SCA has acquired the remaining shares in CPG.
Ahold appeals local court order related to antitrust approval process of Disco sale
ZAANDAM, The Netherlands, Dec. 8, 2004 (PRIMEZONE) -- Ahold today announced that its subsidiary Disco Ahold International Holdings N.V. ("DAIH") has appealed an Argentine judicial order rendered by a federal court in San Rafael, Province of Mendoza, Argentina, of which DAIH was notified on December 3, 2004. The order relates to the transfer of approximately 85% of the shares of Disco S.A. to Cencosud S.A., which was communicated on November 1, 2004. If ultimately enforced the order could lead the parties to reverse the transfer, at least temporarily.
AB Volvo Announces Repurchase of 250,000 B Shares and 10,000 A Shares
GOTEBORG, Sweden, Dec. 8, 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 Tuesday, December 7, acquired 250,000 series B shares. The shares were traded between SEK 268.00 and 273.00 with an average price of SEK 271.35 and has acquired 10,000 series A shares. The shares were traded between SEK 258.00 and 262.50 with an average price of SEK 260.12.
Los Angeles World Airports
Mayor Hahn Declares City Council Vote on LAX Modernization Historic
LOS ANGELES, Dec. 7, 2004 (PRIMEZONE) -- Mayor Jim Hahn today applauded the City Council for voting to move forward with the plan to modernize Los Angeles International Airport (LAX). Mayor Hahn was joined by members of the business, labor, environmental and residential communities today at City Hall to celebrate final override of a County land-use commission opposed to the plan, the final certification of the LAX Master Plan Environmental Impact Report (EIR), and the adoption of the Consensus Plan.
Credit Acceptance Corporation
Credit Acceptance Corporation Announces Promotion
SOUTHFIELD, Mich., Dec. 7, 2004 (PRIMEZONE) -- Credit Acceptance Corporation (Nasdaq:CACC) today announced the promotion of Kenneth S. Booth to the position of Chief Financial Officer. Mr. Booth previously held the position of Chief Accounting Officer. Mr. Booth joined the Company in January 2004 after spending 12 years in public accounting, most recently as a senior manager for PricewaterhouseCoopers LLP.
Occidental Petroleum Corp.
Occidental Adopts Human Rights Policy
LOS ANGELES, Dec. 7, 2004 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced that its board of directors today adopted a corporate-wide human rights policy. The policy reaffirms Occidental's respect for and promotion of human rights as recognized in the Universal Declaration of Human Rights, the International Labour Organization Declaration on Fundamental Principles and Rights at Work, the Voluntary Principles on Security and Human Rights, and the Global Sullivan Principles. The policy specifically provides for social risk assessments prior to the onset of operations in locations outside the United States; the inclusion of human rights provisions in foreign contracts; human rights training programs for employees and security contractors; and background checks on security personnel.