latest news releases from the newsroom
Abbey Spanier Rodd & Abrams, LLP
Abbey Gardy, LLP Commences Class Action Securities Fraud Suit Against Electronic Data Systems Corp. -- EDS
NEW YORK, Oct. 11, 2002 (PRIMEZONE) -- The law firm of Abbey Gardy, LLP has filed a class action against Electronic Data Systems (EDS" or the "Company") (NYSE:EDS) in the United States District Court for the Eastern District of Texas, on behalf of all persons or entities who purchased securities during the period from April 22, 2002 and September 24, 2002, inclusive (the "Class Period"). The suit names the Company, its Chairman and Chief Executive Officer Richard H. Brown, it Vice Chairman Paul Chiapparone and its Chief Financial Officer James E. Daley as defendants.
Telia AB has Filed a Listing Application to the Helsinki Exchanges
STOCKHOLM, Sweden, Oct. 11, 2002 (PRIMEZONE) -- Telia (Other OTC:TLAAF) (London:TLIAq) has today submitted a listing application to the Helsinki Exchanges. Telia's listing on the Helsinki Exchanges relates to the combination of the Swedish-company Telia and the Finnish-company Sonera and is subject to completion of the relating exchange offer launched by Telia to holders of Sonera shares and warrants.
Barrow Street Research, Inc.
Barrow Street Research Analyst Expands on AdZone Research Recommendation
NEW YORK, Oct. 11, 2002 (PRIMEZONE) -- IPOdesktop.com, continuing its Internet radio series: "Defense and Homeland Security Applications Open New Markets for AdZone Research" (OTCBB:ADZR), today features Barrow Street Research analyst John Attalienti. Earlier this week, the independent research firm issued a speculative buy recommendation on the company, saying it had "the potential to be a huge micro-cap winner."
Occidental Petroleum Corp.
Occidental Sells Chromium Chemical Business
LOS ANGELES, Oct. 11, 2002 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) has agreed to sell its chromium chemical business to United Kingdom based Elementis plc for $40 million in cash and up to an additional $6 million in future performance based proceeds. As a result of the sale, Occidental will recognize an after-tax loss of approximately $30 million. The loss will be recognized in the third quarter results.
Finnveden to Move Head Office to Gothenburg
VARNAMO, Sweden, Oct. 11, 2002 (PRIMEZONE) -- Finnveden (Stockholm:FVEDb) will move its head office from Varnamo to Gothenburg, Sweden, during the first half of 2003. At the same time, the management teams for the Sheet Metal Components and Fasteners business areas will move to the new office in Gothenburg.