latest news releases from the newsroom
KWI Encourages the Emergence of Energy Market Makers
HOUSTON, Nov. 2, 2004 (PRIMEZONE) -- KWI, the leading provider of risk management and trading software for the global energy industry, is today encouraging energy companies to be less cautious and become market makers. Research conducted by KWI found that traders must first understand the business models in which they operate before determining the optimal strategy for operations. Poor credit ratings and industry regulations were found to be stifling companies attempting to take advantage of the lucrative asset heavy trading market.
AB Volvo Announces Share Repurchase
GOTEBORG, Sweden, Nov. 2, 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 Monday November 1, acquired 250,000 series B shares. The shares were traded between SEK 269.50 and 272.50 with an average price of SEK 271.14.
Credit Acceptance Corporation
Credit Acceptance Announces 3rd Quarter Earnings
SOUTHFIELD, Mich., Nov. 1, 2004 (PRIMEZONE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced consolidated net income for the three months ended September 30, 2004 of $12,742,000 or $0.31 per diluted share compared to $8,818,000 or $0.20 per diluted share for the same period in 2003. For the nine months ended September 30, 2004, consolidated net income was $26,878,000 or $0.65 per diluted share compared to $18,419,000 or $0.43 per diluted share for the same period in 2003.