latest news releases from the newsroom
Metso to Supply a Tissue Line to Fujian HengAn, China
HELSINKI, Finland, Sept. 20, 2006 (PRIMEZONE) -- Metso Paper will supply a second complete Advantagea DCTa 200 tissue production line to Fujian HengAn Paper Co., Ltd in China. The line is scheduled to start up at their Anhai mill in Fujian province in the beginning of 2008. The value of the order approaches EUR 20 million.
Virgin Unite Launches With Innovative Mobile Auction
BURLINGAME, Calif., Sept. 20, 2006 (PRIMEZONE) -- What's next for Sir Richard Branson, the entrepreneur, adventurer, business magnate? The chance to use the entrepreneurial energy of the Virgin Group to drive social and environmental change. Introducing Virgin Unite, the new global charitable arm of Virgin. Virgin Unite today launched an innovative new way to raise money -- a text message-driven auction, through which people from throughout the United States and Canada can play a game and attempt to win exclusive prizes with 100 percent of the proceeds directly supporting its partner charities.
The NASDAQ OMX Group, Inc.
PowerShares Capital Management Launches Ten New ETF Portfolios on NASDAQ
CHICAGO and NEW YORK, Sept. 20, 2006 (PRIMEZONE) -- PowerShares Capital Management LLC continues to "Lead the Intelligent ETF Revolution," announcing today with The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) the launching of ten new exchange-traded funds (ETFs) based on FTSE RAFI fundamental indexes. The ETFs are the world's first fundamentally weighted sector ETFs and comprised of nine sector funds and a small-mid cap fund. The names and NASDAQ ticker symbols for the new ETF portfolios are listed below:
Pomerantz Weighs in On Recent Debate About Who Really Owns Public Corporations
NEW YORK, Sept. 20, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP ("Pomerantz"), in its PomTalk blog, has weighed in on the recent debate about whether shareholders really own public corporations and whether that ownership entitles them to a meaningful role in board elections. A PomTalk post on September 19, 2006 critiques two recently released academic papers that analyze the relationship between shareholders and corporations and the merits and drawbacks of giving shareholders more of a voice in board elections.
Aventine Renewable Energy Holdings, Inc.
Aventine, Consolidated Grain and Barge Co. Finalize Agreement
PEKIN, Ill., Sept. 19, 2006 (PRIMEZONE) -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end to end supplier of ethanol, and Consolidated Grain and Barge Co. ("CGB"), an innovative and progressive leader in the grain and transportation industries, today announced that they have completed their definitive agreement with respect to previously announced mutually beneficial business ventures.
Historic Harvard Stadium Installs FieldTurf
CAMBRIDGE, Mass., Sept. 19, 2006 (PRIMEZONE) -- Harvard Stadium, the nation's oldest and one of the most historic football venues, has installed FieldTurf for the 2006 football season. The Crimson's new state-of-the-art FieldTurf debuted this past Saturday when Harvard played host to Holy Cross in the '06 season opener.
DCI USA, Inc.
DCI USA Announces an Agreement to be the Lead Investor in a Clean Energy Wind Turbine Windmill Farm in Israel
NEW YORK, Sept. 19, 2006 (PRIMEZONE) -- DCI USA, Inc. (OTCBB:DCIU) announced today that it has entered into an agreement with the largest Israeli developers of wind turbine farms to be the Lead Strategic Investor in the takeover of an existing wind turbine farm in Israel. DCI's investment would be made through a newly-created Israel subsidiary which would immediately upgrade the turbines. Through various subsidiaries, DCI also plans to establish new sites in Israel, Jordan, Turkey, and Australia. DCI intends to fund its new Israel subsidiary with $3,000,000, of which approximately $500,000 would be cash equity from DCI and the balance would come from other third-party financing directly to the subsidiary.