latest news releases from the newsroom
If P&C Insurance
Zurich's insurance portfolios in Latvia and Lithuania to be transferred to If
STOCKHOLM, Sweden, March 20, 2003 (PRIMEZONE) -- If P & C Insurance and Zurich Financial Services Group have signed a preliminary agreement, through which the insurance portfolios of Zurich's companies in Latvia and Lithuania will be transferred to If's local subsidiaries. Going forward, If will act as Zurich's local cooperation partner in Baltic countries. The portfolio transfer is subject to approval from the local authorities.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against VaxGen, Inc. -- VXGN
BALA CYNWYD, March 20, 2003 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock of VaxGen, Inc. ("VaxGen" or the "Company") (Nasdaq:VXGN) between August 6, 2002 and February 26, 2003, inclusive (the "Class Period").
PharmChem Reports 2002 Results
HALTOM CITY, Texas, March 20, 2003 (PRIMEZONE) -- PharmChem, Inc. (Nasdaq:PCHM) today reported net sales from continuing operations of $7,227,000 for the fourth quarter ended December 31, 2002, a decrease of 10.5% from 2001 net sales of $8,078,000. The Company's net income from continuing operations in the quarter was $49,000, or $0.01 per share, compared to a net loss from continuing operations last year of $824,000, or $0.14 per share.
Wihlborgs Launches Share Buyback
STOCKHOLM, Sweden, March 20, 2003 (PRIMEZONE) -- Wihlborgs Fastigheter AB (publ) has started the share buyback program approved by the annual general meeting on April 4, 2002. Acquisitions of Wihlborgs' own shares may take place of not more than the number of shares, which at any time are equivalent to 10 per cent of all the company's issued shares.
LRF Fastigheter AB
LRF issues cash offer for Mandamus
STOCKHOLM, Sweden, March 20, 2003 (PRIMEZONE) -- This Offer is not intended for individuals whose participation requires additional prospectuses, registration or measures other than those stipulated by Swedish law. This press release may not be distributed to or released in the United States, Canada, Japan or Australia or in any other jurisdiction where its distribution or the Offer require measures in accordance with the previous paragraph or violate the rules in such a jurisdiction. This press announcement is a translation from the Swedish language. In the event of any discrepancy between the Swedish version and the English version, the Swedish version shall prevail.
Kinnevik Settles Dispute with Alecta
STOCKHOLM, Sweden, March 20, 2003 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (Nasdaq:KVIKA) (Nasdaq:KVIKB) today announced that it has settled an old dispute with Alecta, the pension fund management group, relating to the 1992 tender offer for Korsnas AB.
Northrop Grumman Corp.
Northrop Grumman Receives U.S. Army Award for Smart Card Middleware
HERNDON, Va., March 20, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) is expanding its smart card systems and services for the Department of the Army. Through a task order from the General Services Administration, Northrop Grumman Information Technology (IT) will deliver middleware that allows smart cards to communicate with computers and computer applications for the Army's Common Access Card (CAC) program.