latest news releases from the newsroom
Joint Venture Strengthens Trelleborg's Tire Distribution in Middle East
STOCKHOLM, Sweden, April 7, 2005 (PRIMEZONE) -- Trelleborg Wheel Systems, a business area within the Trelleborg Group, has signed a joint-venture agreement with Al Dobowi Ltd regarding the distribution of industrial and agricultural tires in the Middle East and certain parts of Africa. The new company, Trelleborg Wheel Systems Middle East Ltd will be located in Dubai, in the United Arab Emirates.
OMX Exchanges: Stockholm Stock Exchange Adopts the Swedish Code of Corporate Governance
STOCKHOLM, Sweden, April 7, 2005 (PRIMEZONE) -- On a press briefing today, the Swedish Association of Exchange Listed Companies and the Stockholm Stock Exchange will present the adaptation of the Swedish Code of Corporate Governance for the listed companies. The Swedish Association of Exchange Listed Companies and the Stockholm Stock Exchange have agreed to incorporate the Swedish Code of Corporate Governance into the Stockholm Stock Exchange's rules. The decision means that initially the code will apply to all Swedish companies on the A List and Swedish companies on the O List with a market capitalization exceeding SEK 3 billion. The affected companies should apply the code as soon as possible after July 1, 2005, and it must be fully implemented prior to the Annual General Meetings in 2006.
Saab: Financial Reports Re-calculated Based on new Business Segments and IFRS
LINKOPING, Sweden, April 7, 2005 (PRIMEZONE) -- With an increased focus on business and customer relations, the Saab Group's business units are divided into three business segments, in addition to Corporate, effective January 1, 2005. The three segments reflect the specific business conditions for each segment, and are called Defense & Security Solutions, Systems & Products and Aeronautics.
Helvetia Patria Holding
Helvetia Patria: Excellent Result In 2004
ST. GALLEN, Switzerland, April 7, 2005 (PRIMEZONE) -- The Europe-wide active Helvetia Patria (Stockholm:HEPN) reports an after-tax profit for the business year 2004 in the amount of CHF 158.7 million (prior-year: CHF 92.4 million) which translates into a growth rate of 71.8 per cent. The life- and the non-life business have both contributed to this result. The consolidated shareholders' equity stood at CHF 1'417.1 million (2003: CHF 1'155.3 million), an increase by 22.7 per cent. In view of the excellent result a proposal to raise the dividend by CHF 1.50 to CHF 5.50 per share will be submitted to the Shareholders' Meeting.
Powerwave Technologies Announces First Quarter Conference Call Information
SANTA ANA, Calif., April 6, 2005 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) announced today that it will provide a simultaneous Webcast and live dial-in number for it's First Quarter ended April 3, 2005, Financial Results Conference Call on Monday, May 2, 2005, at 6:00 AM Pacific Time (9:00 AM Eastern Time). Powerwave will be releasing its First Quarter 2005 Financial Results on Monday, May 2, 2005. To access this live audio Webcast, select the Investor Relations page at www.powerwave.com and select the Powerwave Technologies Q1 Earnings Conference Call. To listen by phone, please dial (617) 786-2962 and enter reservation number 60946262. The call will begin at 6:00 AM Pacific Time on May 2, 2005 and last for approximately 1 hour. A replay of the Webcast will be available beginning approximately 2 hours after completion of the initial Webcast.
To Catch an Elusive Dream: From Underprivileged to Corporate Executive; New Book Gives a Thorough Guide on How African-Americans Can Succeed
VOORHEES, N.J., April 6, 2005 (PRIMEZONE) -- How do underprivileged African-Americans beat the odds and achieve success? The sports and the music industry provide a route to multi-millions, but for most, success must be obtained through another path. A new autobiography tells the story of an African-American kid from Yonkers, NY who rose to become a corporate executive. B.R. White's book The Glass in My Throat is a detailed chronicle of how he overcame the pressures an underprivileged kid encounters. In his book, B.R. lays out what he calls personal cookbooks that provide for every African-American dreamer a step-by-step guide to help reach their goals.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Collins & Aikman Corp. -- CKC
BALTIMORE, April 6, 2005 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Collins & Aikman Corp. (NYSE:CKC) between May 6, 2004 and March 17, 2005, inclusive (the "Class Period").
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against MBIA, Inc. -- MBI
BALTIMORE, April 6, 2005 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of MBIA, Inc. (NYSE:MBI) between August 5, 2003 and March 30, 2005, inclusive (the "Class Period").