latest news releases from the newsroom
Scania Booms in Syria; 100 Trucks Delivered Since January
SODERTALJE, Sweden, Aug. 23, 2002 (PRIMEZONE) -- Scania is on its way to recording its best-ever year in Syria, with 100 vehicles delivered so far in the first eight months of this year. Behind the truck boom lies not only increased cargo transport to Saudi Arabia and the Gulf states, but also UN transport operations from the Syrian ports in Latakia and Tartous to and from Iraq.
Allied Irish Banks, p.l.c.
AIB & BoI Announce the Withdrawal of Proposals for IT JV
DUBLIN, Ireland, Aug. 23, 2002 (PRIMEZONE) -- Allied Irish Banks, p.l.c. (NYSE:AIB) and Bank of Ireland (NYSE:IRE) have announced that they have annulled their agreement to form a joint venture technology company (JV) and have jointly withdrawn their application to the European Commission for competition clearance for the proposed JV.
Frontline Ltd.: Interim Report, April - June 2002; Second Quarter and Six Months Results
HAMILTON, Bermuda, Aug. 23, 2002 (PRIMEZONE) -- Frontline Ltd. (NYSE:FRO) reports earnings before interest, tax, depreciation, and amortisation including earnings from associated companies (EBITDA) of $38.2 million and a net loss of $31.8 million for the second quarter of 2002. The net loss figure includes losses of $2.4 million related to the ordinary ship operating activities and losses of $29.4 million as a result of non ship operating activities whereof the main factor is an unrealised foreign currency loss due to revaluation of Yen debt. The loss per share for the quarter was $0.42.
Dan Jangblad to Become Manager of Business Development Within Saab
LINKOPING, Sweden, Aug. 23, 2002 (PRIMEZONE) -- In recent years Saab has gradually stepped up its efforts to support the defence forces in its reorganisation into a network-based defence system (NCW). Full implementation of NCW requires integration of systems across the traditional dividing lines in the defence system, but also to adjoining civil operations. This also requires increased co-operation between the various operations within Saab.