latest news releases from the newsroom
Old Mutual plc
Funds Under Management Reach $1bn at Old Mutual Reassurance Company
LONDON, July 26, 2002 (PRIMEZONE) -- Old Mutual Reassurance (Ireland) Ltd ("Old Mutual Reassurance"), Old Mutual plc's ("Old Mutual's") captive Reassurance company, which was established in Dublin in May 2002, reports funds under management now exceeding $1bn. These funds largely comprise assets of Fidelity & Guaranty Life, Old Mutual's life assurance subsidiary based in the USA. Old Mutual Reassurance will, in future, enter into retrocession and Reassurance contracts on behalf of third parties, as well Old Mutual, its parent.
Saint-Gobain Pam Secures a Major Contract for a Ductile-Iron Pipeline
PARIS, July 26, 2002 (PRIMEZONE) -- Saint-Gobain Pam, the flagship company of Saint-Gobain's Pipe Division, has signed a contract to supply Japan's Marubeni Corporation with equipment to build a drinking-water pipeline for the Abu Dhabi Water and Electricity Authorities. The pipeline will link the Shuweihat desalination plant with Abu Dhabi.
Wihlborgs Fastigheter: Declaration
STOCKHOLM, Sweden, July 26, 2002 (PRIMEZONE) -- Wihlborgs Fastigheter AB (publ) has purchased 10,525,816 B shares in Klovern AB (publ). Wihlborgs will thereafter own a total of 10,525,816 B shares, which together represent 35.2 percent of the capital and 20.8 percent of the votes in the company on full conversion.
NCC Sells Dusseldorf Property for SEK 600 M
SOLNA, Sweden, July 26, 2002 (PRIMEZONE) -- NCC has signed a contract for the sale of a property in Dusseldorf, Germany for approximately SEK 600 M. The purchaser is a subsidiary of Deutsche Bank. The sale, which will be included in the third-quarter accounts, will have a limited impact on NCC's profits.
Digital Wall Street Inc.
President, CEO and Chairman of Internet Security Systems, Inc., Thomas Noonan, Gives Keynote Interview
NEW YORK, July 26, 2002 (PRIMEZONE) -- Thomas Noonan, President, CEO and Chairman of Internet Security Systems, Inc. (Nasdaq:ISSX), begins with the broader strategic partnership that ISS established with Network Associates earlier this quarter. He goes on to explain the synergies that can be found in these two companies' products and the manner in which they hope to maximize the strengths of the joined services.