latest news releases from the newsroom
Overseas Shipholding Group, Inc.
OSG to bareboat 10 Jones Act product carriers built by Kvaerner Philadelphia Shipyard, Inc.
OSLO, Norway and NEW YORK, April 14, 2005 (PRIMEZONE) -- Kvaerner ASA (Oslo:KVI) and Overseas Shipholding Group, Inc. (NYSE:OSG) announced today that they had signed an agreement in principle pursuant to which Kvaerner's subsidiary, Kvaerner Philadelphia Shipyard, Inc. (KPSI), will construct ten Veteran MT-46 class Jones Act Product Tankers, with an option for two additional vessels, and transfer them to another subsidiary which will bareboat charter them to subsidiaries of OSG for initial terms of five or seven years, with extension options for the charterer. For Kvaerner, the proposed transaction is valued at more than USD 500 million. The agreement in principle is subject to, among other conditions, approval by the Boards of Directors of Kvaerner and OSG, preparation and execution of final agreements and relevant government approvals.
Teligent: Substantial order in Southeast Asia
STOCKHOLM, Sweden, April 14, 2005 (PRIMEZONE) -- Teligent announces details today of a substantial order from a leading communications group in Southeast Asia. The order entails the delivery of base installations of the generic multi-application platform Teligent P90/E, together with a company-wide network usage license. The unnamed communications group has thereby acquired the right to utilise the Teligent P90/E concept in order to build a new service network architecture which will accelerate future service developments.
Market Pulse Announces its AM Stock Picks for Thursday, April 14, 2005: TLPE, CSCO, AMAT, JNJ
ATLANTA, April 14, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, TelePlus Enterprises, Inc. (OTCBB:TLPE), to the investment community! Teleplus is new to Market Pulse and is a vertically integrated provider of wireless and landline products and services across North America! TLPE had excellent news out before today's opening bell regarding its acquisition of Canada Reconnect! This could be great news for investors! Other notable stocks that look great lately from a fundamental and technical perspective include:
Capital Research Group, Inc
TheSUBWAY.com Announces Its Stock Market Standouts List for Thursday, April 14, 2005: PNDR, SEBL, ORCL, PMCS
WESTON, Fla., April 14, 2005 (PRIMEZONE) -- TheSUBWAY.com announces the following stocks to its Stock Market Standouts List: Pender International Inc. (OTCBB:PNDR), Siebel Systems Inc. (Nasdaq:SEBL), Oracle Corporation (Nasdaq:ORCL), PMC-Sierra Inc. (Nasdaq:PMCS).