latest news releases from the newsroom
Transocean Receives Court Approval to Change Place of Incorporation
HOUSTON, Dec. 16, 2008 (GLOBE NEWSWIRE) -- Transocean Inc. (NYSE:RIG) announced that it received approval today from the Grand Court of the Cayman Islands of the pending change of place of incorporation of its group holding company from the Cayman Islands to Switzerland (the "Transaction"). The company intends to complete the Transaction after the close of business on December 18, 2008.
Bank Hapoalim's Response to Moody's Downgrade Announcement
TEL AVIV, Israel, Dec. 16, 2008 (GLOBE NEWSWIRE) -- In response to the release issued today by Moody's, Bank Hapoalim (TASE:POLI) (LSE:BKHD) (Pink Sheets:BKHYY) said that the downgrade does not adequately reflect the current and future position of the Bank. Rather, it reflects a backward-looking stance on data that has since changed considerably.