latest news releases from the newsroom
Hannover Re: Personnel Information
HANNOVER, Germany, Dec. 12, 2001 (PRIMEZONE) -- With effect from January 1, 2002, the Supervisory Boards of Hannover Re (GER:HNR) and E+S Rueck have appointed Dr. Michael Pickel as a full member of the Executive Board.
OTI On Track Innovations Inc.
OTI Opens New Facilities in Israel
ROSH PINA, Israel, Dec. 12, 2001 (PRIMEZONE) -- OTI (Neuer Markt:OT5), announced yesterday the opening of its new facilities covering an area of 4,000 square meters at an investment of US$3.5 million on its existing site in Rosh Pina, Israel. Mr. Ariel Sharon, Israel's Prime Minister, was in attendance at the opening ceremony held the evening of December 11 at the new building site.
Wall Street Reporter Airs Online Interview with Neoware CEO Michael Kantrowitz
KING OF PRUSSIA, Pa., Dec. 12, 2001 (PRIMEZONE) -- Neoware Systems (Nasdaq:NWRE), the leading supplier of award-winning software, services and solutions for the emerging Appliance Computing market, announced today that the Company's chief executive officer, Michael Kantrowitz, can be heard in an online interview with the Wall Street Reporter on the web at http://www.wallstreetreporter.com.
Metso to Supply On-Machine LWC Paper Making Line to China
HELSINKI, Finland, Dec. 12, 2001 (PRIMEZONE) -- Metso Paper has received an order to supply an on-machine LWC paper making line to Yueyang Paper Group Co. Ltd. of China. The start-up of the line, to be built at Yueyang, Hunan province, is scheduled for summer 2003. The value of the order is approx. EUR 74 million (USD 65 million).
Frontline: Mandatory Notification of Trade
OSLO, Norway, Dec. 12, 2001 (PRIMEZONE) -- Frontline (NYSE:FRO) has, based on the Stock Indexed Total Return Swap Program with Nova Scotia Group (Scotia), been informed that the latter, through market purchases executed today, has acquired 55,000 Frontline common shares. The shares have been acquired at an average price of NOK 84.21.
Ahold Successfully Completes Acquisition of Bruno's Supermarkets, Inc.
ZAANDAM, Netherlands, Dec. 12, 2001 (PRIMEZONE) -- Ahold (NYSE:AHO), the leading food retail and foodservice company, today announced the successful completion of its acquisition of Bruno's Supermarkets, Inc., following the approval of the Federal Trade Commission last week. Bruno's is a prominent food retailer in the Southeastern U.S. with sales of approximately USD 1.6 billion and 185 stores (of which 170 are supermarkets) operating under various banners in Alabama, Florida, Mississippi and Georgia. Ahold now operates six retail companies in the U.S. (Stop & Shop, Giant-Landover, Giant-Carlisle, Tops, BI-LO and Bruno's) with combined annualized sales approaching USD 24 billion.
Metso Minerals to Divest or Close Down Non-Core Businesses and Overlapping Manufacturing Units
HELSINKI, Finland, Dec. 12, 2001 (PRIMEZONE) -- Metso Minerals, the rock and mineral processing business area of Metso Corporation (NYSE:MX), has concluded the first decisions to divest or dismantle non-core business operations and overlapping manufacturing units in order to increase its global manufacturing and operational efficiency following the acquisition of Svedala Industri AB in September 2001. The combined personnel of these operations to be divested or dismantled is approx. 600 and the combined external net sales totaled to approx. EUR 50 million in 2000.
Brodsky & Smith, LLC
Brodsky & Smith, L.L.C. States That Class Actions and/or Investigations of Potential Securities Law Violations Are Ongoing Against Hayes Lemmerz, Inc., Log On America, Inc., Xoma, Ltd. and Nesco, Inc. - HAZ, LOAX, XOMA, NESCO
BALA CYNWYD, Pa., Dec. 11, 2001 (PRIMEZONE) -- Brodsky & Smith, L.L.C., of Bala Cynwyd, Pa., today announced that class action lawsuits have been initiated in federal courts across the country by various law firms alleging violations of the federal and/or state securities laws and that investigations of these securities law violations by Brodsky & Smith, L.L.C. are underway for the following corporations:
PurchasePro CEO Addresses Shareholders at Informal Meeting
LAS VEGAS, Dec. 11, 2001 (PRIMEZONE) -- The following is the prepared text of the remarks by Richard L. Clemmer, chief executive officer of PurchasePro (Nasdaq:PPRO), delivered to an informal meeting of shareholders on December 10, 2001. A replay of the meeting may be heard on the company's investor relations website located at www.irconnect.com/ppro.