latest news releases from the newsroom
New Pension Agreements for Senior Volvo Executives in Sweden
GOTEBORG, Sweden, Dec. 9, 2004 (PRIMEZONE) -- As part of the review of pension agreements for senior executives within the Volvo Group, all of the executives who currently have defined-benefit pension agreements are being offered to switch to a defined-contribution agreement. In the defined-contribution agreements, the pension earned will correspond to the sum of paid-in premiums and possible return, rather than the previous system whereby a specific percentage of pensionable income was guaranteed. Those who have now received a defined-contribution agreement include Leif Johansson, President of AB Volvo, whose right to retirement at of 55 years will simultaneously be replaced by a continuous employment contract subject to 12 months of termination notice from the company and six months from Leif Johansson.
AB Volvo Announces Repurchase of 250,000 B Shares and 10,000 A Shares
GOTEBORG, Sweden, Dec. 9, 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 Wednesday, December 8, acquired 250,000 series B shares. The shares were traded between SEK 272.00 and 274.50 with an average price of SEK 273.47. And has acquired 10,000 series A shares. The shares were traded between SEK 262.00 and 264.50 with an average price of SEK 262.82.
United Kingdom Rocks at Launch of OAKLEY THUMP(tm)
FOOTHILL RANCH, Calif., Dec. 8, 2004 (PRIMEZONE) -- Oakley, Inc. (NYSE:OO) hosted an exclusive media event in London yesterday to showcase the launch of OAKLEY THUMP(tm), the world's first digital audio eyewear. Oakley's new invention was showcased for celebrities, athletes and select members of the press at The Neighborhood nightclub, located in fashionable West London.
Rush Financial Technologies, Inc.
RushTrade Securities, Inc. Names New President
DALLAS, Dec. 8, 2004 (PRIMEZONE) -- Rush Financial Technologies, Inc., dba RushTrade(r) Group (OTCBB:RSHF), announced today that securities industry executive T. Scott Brooks has joined the Company as president of the firm's broker/dealer subsidiary, RushTrade Securities, Inc. ("RushTrade"), effective January 1, 2005.
SimpleTech to Present at the Lehman Brothers T4 2004 - Technology and Telecom Trends for Tomorrow Conference
SANTA ANA, Calif., Dec. 8, 2004 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a technology leader in the design, development, manufacturing and marketing of DRAM- and Flash-based memory solutions and external storage solutions, announced today that Dan Moses, the company's chief financial officer and a director, will present at the Lehman Brothers T4 2004 - Technology and Telecom Trends for Tomorrow Conference on December 8, 2004, at 3:00 p.m. at the Fairmont Hotel in San Francisco.