latest news releases from the newsroom
Oakley and Luxottica Group Settle Litigation
FOOTHILL RANCH, Calif., May 21, 2003 (PRIMEZONE) -- Oakley, Inc. (NYSE:OO) announced today that it and Luxottica Group S.p.A. (NYSE:LUX) (Milan:LUX) have settled two previously announced patent and intellectual property lawsuits pending against Luxottica and its subsidiaries Sunglass Hut, LensCrafters, Ray Ban Sun Optics, Arnette and Revo, regarding claims by Oakley for infringement of certain intellectual property rights.
BP: Rhum Gas Field Gets Green Light
London, May 21, 2003 (PRIMEZONE) -- BP (NYSE:BP), on behalf of its co-venturer, today announced plans to develop the Rhum gas field at a cost of around GBP350 million.
Bure Equity: Interim Report January -- March 2003
GOTHENBURG, Sweden, May 21, 2003 (PRIMEZONE) -- Bure Equity (Other OTC:BRVVF): the Board of Directors proposes that the Annual General Meeting of Bure approves issues totalling SEK 750M, of which SEK 600M is guaranteedby Sjatte AP-fonden and Bure's lenders. An agreement for a long-term credit limit of SEK 1,200M has been concluded with Bure's lenders.
Vodafone Sverige AB
Vodafone New Main Sponsor of Sweden's Snowboard and Freestyle Teams
STOCKHOLM, Sweden, May 21, 2003 (PRIMEZONE) -- Vodafone Sweden (NYSE:VOD) and the Swedish Ski Association (Svenska Skidforbundet) snowboard and freestyle teams are signing a three-year sponsorship agreement that will help to make Swedish action sports into a recognised and familiar sporting concept. The sponsorship agreement covers both Sweden's teams, as well as the nationwide Dream initiative.
100 Employees Become Redundant when NCC Property Development Restructures
SOLNA, Sweden, May 21, 2003 (PRIMEZONE) -- NCC Property Development is currently restructuring its organization. As a result, 100 of a total of 200 employees will become surplus to requirements. In Sweden, nearly 50 employees will be laid off. The restructuring measures should be viewed in the light of the sharp decline in the market for commercial premises.
AudioDev Receives Large Order in Relation to Important Industry Trade Show
MALMO, Sweden, May 21, 2003 (PRIMEZONE) -- AudioDev has recently taken part in the largest gathering of media manufacturing professionals this year, Media Tech Expo. The trade show was held in Las Vegas, which meant there was a large focus on the American market and premastered DVD. At the show, AudioDev launched two new products in the high end product series, CATS, and the first product under the new brand Go!. These products were very favourably received.
mtm laboratories AG
mtm laboratories Announces First Closing of Series B Financing
HEIDELBERG, Germany, May 21, 2003 (PRIMEZONE) -- mtm laboratories AG, a private biotechnology company focused on the early detection and prevention of cancer, today announced the first closing of a second round of financing, totalling 9 million Euro. The money was raised through the participation of a new lead investor, HBM BioVentures AG, with the involvement of the original shareholders Heidelberg Innovation and Mannheim Holdings. The additional funds will enable mtm to strengthen its cancer diagnostics portfolio and to take the products through to market.