latest news releases from the newsroom
Internal Changes in TietoEnator Group Management
ESPOO, Finland, Nov. 21, 2002 (PRIMEZONE) -- The Senior Vice Presidents in charge of two of TietoEnator's (Other OTC:TTNTF) (Stockholm:TIEN) business areas, Lars Gahnstrom, Public & Healthcare, and Carl-Johan Lindfors, Resource Management, are to exchange their responsibilities. Mr. Gahnstrom has been appointed Senior Vice President, Resource Management, and Mr. Lindfors Senior Vice President, Public & Healthcare, effective from January 1, 2003. Both will continue as members of TietoEnator Group Management.
Shareholders Representing More than 90% of the Shares in Sonera Have Accepted Telia's Public Offer
STOCKHOLM, Sweden, Nov. 21, 2002 (PRIMEZONE) -- Telias (Stockholm:TLIA) (Other OTC:TLAAF) public offer to holders of shares and warrants in Sonera (Helsinki:SRA) (Nasdaq:SNRA) has been accepted by owners representing more than 90% of the total number of shares and votes in Sonera. According to the calculations, 1 060 062 362 Sonera shares (including shares represented by Sonera ADS:s) and 26 750 072 Sonera warrants, in aggregate representing 95.0% of the shares and votes (fully diluted) in Sonera, have been tenderd. An important condition for the merger between Telia and Sonera has thereby been fulfilled.
Green Welling LLP
Asia Global Bankruptcy Could Wipe Out Existing Stock Says Green & Jigarjian LLP
SAN FRANCISCO, Nov. 20, 2002 (PRIMEZONE) -- On November 18, 2002, Asia Global announced that some of its units had filed for protection in the U.S. Bankruptcy Court for the Southern District of New York. The bankruptcy filing was little more than a footnote in a press release announcing that a group led by China Netcom is poised to purchase Asia Global. The company's announcement said nothing about what existing common stockholders can expect to receive in the transaction. In most Chapter 11 bankruptcies, the common stock is simply extinguished by operation of law. The shareholders receive nothing.
go-today.com: It's Not Too Late -- Ring in the New Year in London!
BOTHELL, Wash., Nov. 20, 2002 (PRIMEZONE) -- Celebrate the New Year in style this year in one of Europe's most popular cities -- London. Enjoy a 6 nights stay for as low as $649 per person. And, as an added extra -- while supplies last -- we will add a Free One Year Subscription to our favorite travel magazine -- Arthur Frommer's Budget Travel Magazine so you can continue to read about great travel bargains all year long!
The Pomerantz Firm: Sears Shareholders Have Until Tuesday, December 17, 2002 to Seek Appointment as Lead Plaintiff -- S
NEW YORK, Nov. 20, 2002 (PRIMEZONE) -- According to Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com), which has filed a class action lawsuit against Sears Roebuck & Co. ("Sears" or the "Company") (NYSE:S) and five of the Company's senior officers, on behalf of all persons or entities who purchased or otherwise acquired the securities of Sears during the period between January 17, 2002 and October 17, 2002 (the "Class Period"), shareholders have until Tuesday December 17, 2002 to seek appointment by the Court as one of the lead plaintiffs in this action.
Northrop Grumman Corp.
Northrop Grumman Board Declares Quarterly Dividends
LOS ANGELES, Nov. 20, 2002 (PRIMEZONE) -- The Board of Directors of Northrop Grumman Corporation (NYSE:NOC) today declared a quarterly dividend of 40 cents per share on Northrop Grumman common stock, payable Dec. 14, 2002, to shareholders of record Dec. 2, 2002. The board also declared a dividend of $1.75 per share on the company's Series B convertible preferred stock, payable Jan. 15, 2003, to shareholders of record Jan. 3, 2003.
Filling Up the Void of an Earthly Existence -- New Book Focuses on `The Spirit Within' Each of Us
LOS ANGELES, Calif., Nov. 20, 2002 (PRIMEZONE) -- Each year, people spend millions of dollars and countless hours in search of spiritual peace and security, but many come away still feeling anxious and doubtful. People attend self-help seminars, scour the scriptures, and attend church, to no avail. Oftentimes, the more they seek tranquility, the more it eludes them. Jon Robertson's "The Spirit Within" (now available through 1stBooks Library) directly confronts this dilemma. Robertson reveals simple ways to regaining lost peace and provide answers to the daily confrontations of modern life.