latest news releases from the newsroom
Volvo Starts Assembly of Trucks in China
GOTEBORG, Sweden, June 9, 2003 (PRIMEZONE) -- Volvo Trucks (Other OTC:VOLAFK) has signed a Joint Venture agreement with China National Heavy Truck Corporation, CNHTC, for production of trucks. The registered capital in the joint venture company amounts to 600 million RMB, 60 MEUR, which is split equally between the two parties. Production is planned to commence by the end of this year.
Cordiant Communications Group PLC
Cordiant Communications Group plc: Disposal of 77.3 % Interest in Scholz & Friends
LONDON, June 9, 2003 (PRIMEZONE) -- Cordiant ("the Company") (NYSE:CDA) (LSE:CRI) has entered into a conditional agreement to dispose of its 77.3% interest in Scholz & Friends A.G. ("Scholz"). It is proposed that Cordiant's interest in Scholz is acquired by a new corporate entity ("Newco") which, on completion, will be owned by Electra European Fund LP and Scholz management. This transaction represents the second step in Cordiant's stated plan to reduce debt through a programme of non-core asset disposals.
Disposal of Telia Mobile Finland Completed by TeliaSonera
STOCKHOLM, Sweden, June 9, 2003 (PRIMEZONE) -- Today, TeliaSonera has completed the disposal of Telia Mobile Finland to Finnet Oy (DNA Finland Oy, Suomen 2G Oy and Suomen 3P Oy) The disposal of Telia Mobile Finland was completed following the approval of the Finnish Competition Authority and the European Commission.
Glancy Binkow & Goldberg LLP
Glancy & Binkow LLP, Representing Shareholders Of Pharmacia Corporation, Announces Update To Shareholder Lawsuit -- PHA
LOS ANGELES, June 6, 2003 (PRIMEZONE) -- Glancy & Binkow LLP -- representing shareholders of Pharmacia Corporation - announces 4 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who purchased securities of Pharmacia Corporation ("Pharmacia" or the "Company") (NYSE:PHA) between April 17, 2000 and August 22, 2001, inclusive (the "Class Period"), may move the Court not later than June 10, 2003, to serve as lead plaintiff, however, you must meet certain legal requirements.
Hong Kong -- $599. 6 Days Air & Hotel -- Book By June 19! Travel Valid July 8-July 25, 2003
BOTHELL, Wash., June 6, 2003 (PRIMEZONE) -- This incredible package is available for a limited time only -- and for select travel dates -- but what an amazing deal to one of the world's most amazing cities. East meets West -- and old meets new. Hong Kong pulsates with vitality, and culture and a unique vibrancy that no other city can compare -- and we were determined that we would be the ones to make it affordable to get you there!
Oakley to Present At Goldman Sachs Retail Conference
FOOTHILL RANCH, Calif., June 6, 2003 (PRIMEZONE) -- Oakley, Inc. (NYSE:OO) today announced that it will present at the Goldman Sachs Third Annual Small-Cap Retail Conference at the Goldman Sachs Conference Center in New York, on Thursday, June 12, 2003 at 10:00 am EDT. Chief Operating Officer Link Newcomb and Chief Financial Officer Tom George will review Oakley's record first quarter revenues, highlighting its product and distribution diversification strategies.
Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Announces Filing Of Class Action Lawsuit Against eUniverse Inc. -- EUNI
NEW YORK, June 6, 2003 (PRIMEZONE) -- Notice is hereby given that a class action lawsuit was commenced in the United States District Court for the Central District of California on behalf of all purchasers of eUniverse Inc. ("eUniverse" or the "Company") (Nasdaq:EUNI) securities between July 30, 2002 and May 5, 2003, inclusive (the "Class Period"). A copy of the complaint filed in this action can be viewed on the firm's website at www.faruqilaw.com.
Abbey Spanier Rodd & Abrams, LLP
Abbey Gardy, LLP Commences Class Action Securities Fraud Suit on Behalf of Purchasers of Allou Healthcare, Inc. -- ALU
NEW YORK, June 6, 2003 (PRIMEZONE) -- Abbey Gardy, LLP commenced a Class Action lawsuit in the United States District Court for the Eastern District of New York on behalf of a class (the "Class") of all persons who purchased securities of Allou Healthcare, Inc., formerly Allou Health & Beauty Care, Inc. (AMEX:ALU) ("Allou" or the "Company") publicly traded securities during the period between July 3, 2002 and April 9, 2003, inclusive (the "Class Period").