latest news releases from the newsroom
SEB Has Sold 7.9 Percent in Custos
STOCKHOLM, Sweden, Jan. 30, 2002 (PRIMEZONE) -- On January 29, 2002, SEB sold its entire holding of 1,066,383 shares in AB Custos, representing 7.9 percent of the issued share capital and voting rights of the company.
Skandia: Financial Effects from January Through December 2001
STOCKHOLM, Sweden, Jan. 30, 2002 (PRIMEZONE) -- Financial Effects from January Through December 2001 (a). In order to achieve accurate recognition of income and expenses for its unit linked assurance business, Skandia has been using the embedded value method since 1989 for business control as well as for external reporting according to the group overview.
Schiffrin Barroway Topaz & Kessler, LLP
Schiffrin & Barroway, LLP: 5 Days Remaining to Move to be a Lead Plaintiff in Shareholder Class Action Suit Against Underwriters of the Initial Public Offering of Chartered Semiconductor Manufacturing, Ltd. -- CHRT
BALA CYNWYD, Pa., Jan. 30, 2002 (PRIMEZONE) -- Shareholders of Chartered Semiconductor Manufacturing, Ltd. (Nasdaq:CHRT) who desire to serve as a lead plaintiff in a shareholder class action lawsuit now pending in federal court in New York (01-CV-10839) against defendants Salomon Smith Barney, Inc.; Credit Suisse First Boston Corporation; SG Cowen Securities Corporation; and Soundview Technology Group, Inc. ("Defendants") must submit an application with the Court by February 3, 2002 according to the law firm of Schiffrin & Barroway, LLP.
Northrop Grumman Corp.
Northrop Grumman Reports Higher 2001 Fourth Quarter Results
LOS ANGELES, Jan. 30, 2002 (PRIMEZONE) -- Northrop Grumman Corporation(NYSE:NOC) today reported 2001 fourth quarter economic earnings of $158 million, compared with $106 million for the same period of 2000. On a per share basis, the company reported 2001 fourth quarter economic earnings of $1.55 on average diluted shares outstanding of 98.0 million, compared with economic earnings of $1.46 on average diluted shares outstanding of 72.5 million for the fourth quarter of 2000.