latest news releases from the newsroom
SkandiaBanken to sell discretionary management business
STOCKHOLM, Sweden, Sept. 2, 2004 (PRIMEZONE) -- SkandiaBanken is selling its discretionary asset management business to Carlson Investment Management. The business was started by Carlson Investment Management and was taken over by Skandia in connection with Skandia's acquisition of Carlson Investment Management in 1999. Today Carlson Investment Management is a subsidiary of DnB NOR.
Oakley Announces Exclusive Worldwide Eyewear Licensing Agreement With Fox Racing
FOOTHILL RANCH, Calif., Sept. 2, 2004 (PRIMEZONE) -- Oakley, Inc. (NYSE:OO) today announced that it has signed an exclusive worldwide licensing agreement with Fox Racing, Inc. for sunglasses, goggles and prescription eyewear. As the exclusive licensee, Oakley will be responsible for the design, manufacturing, marketing and distribution of these products worldwide.
Wireless Industry Leaders Publish Open Specifications for Cellular/WLAN Convergence
MILPITAS Calif., Sept. 1, 2004 (PRIMEZONE) -- Kineto Wireless (www.kinetowireless.com), a key innovator and leading supplier of solutions for seamless mobility and Cellular/WLAN convergence, today announced the company, along with thirteen other leading service providers, infrastructure suppliers and handset manufacturers in the wireless industry, have published a set of open specifications for extending mobile voice and data services over Wireless LANs. Companies that participated in the development of the Unlicensed Mobile Access (UMA) specifications include Alcatel, AT&T Wireless Services, Inc., BT PLC, Cingular Wireless LLC, Ericsson AB, Kineto Wireless Inc., Motorola, Inc., Nokia, Nortel Networks, Inc., O2, Rogers Wireless Inc., Siemens AG, Sony Ericsson, and T-Mobile USA. More information about UMA technology, as well as access to the UMA specifications, is available through the UMA technology web site (www.umatechnology.org).
Pergo launches wood flooring in the US
STOCKHOLM, Sweden, Sept. 2, 2004 (PRIMEZONE) -- Pergo is now launching wood flooring under the PERGO(R) brand in the US market. The PERGO(R) wood flooring will be sold through Lowe's, one of the world's largest home improvement stores, with over 950 stores in North America.
Volvo Aero Enters Strategic Alliance with Carlton, Following Acquisition of Supplier
GOTEBORG, Sweden, Sept. 2, 2004 (PRIMEZONE) -- Volvo Aero is acquiring the company Aero-Craft outside Hartford, Connecticut, in the US. The acquisition is part of a strategic alliance with Carlton Forge Works, and will mean that Volvo Aero can expand its range of specialized parts with fan cases. Aero-Craft has some 35 employees and sales of about USD 5 million.