latest news releases from the newsroom
Metro to be Removed from Stockholm Observation List
BERTRANGE, Luxembourg, Feb. 24, 2003 (PRIMEZONE) -- Metro International S.A. ("Metro") (Nasdaq:MTROa) (Nasdaq:MTROb), the international newspaper group, today reported that the Stockholm Stock Exchange (Stockholmsborsen) has announced that Metro's shares are to be removed from the O-List's "Observation" list (O-listans observationsavdelning) with effect from tomorrow, Tuesday, February 25, 2003.
Frontline: Fourth Quarter and Financial Year 2002 Results
HAMILTON, Bermuda, Feb. 24, 2003 (PRIMEZONE) -- Frontline Ltd. (NYSE:FRO) reports earnings before interest, tax, depreciation, and amortisation including earnings from associated companies (EBITDA) of $105.3 million and net income of $67.1 million for the fourth quarter of 2002. Earnings per share for the quarter were $0.88.
Stockholmsborsen: Metro Returns to O-List
STOCKHOLM, Sweden, Feb. 24, 2003 (PRIMEZONE) -- Since Metro (Nasdaq:MTROa) (Nasdaq:MTROb) has satisfied Stockholmsborsen's requirements regarding the composition of the company's Board of Directors and the Exchange has been given an opportunity to conduct a first-year assessment of the company, trading in Metro shares on the O-List may now be resumed. Stockholmsborsen decided on January 20, 2003 to place shares in Metro International S.A in the "under observation" section of the O-List. Shares in Metro International S.A were initially listed on Stockholmsborsen's O-List on February 8, 2001. According to Stockholmsborsen's procedures, an examination of the company's development should have been conducted during the first year of its listing on the Exchange. Stockholmsborsen decided to place Metro shares in the O List's "under observation" section against the following background:
Ahold Announces Significantly Reduced Earnings Expected for 2002
ZAANDAM, The Netherlands, Feb. 24 2003 (PRIMEZONE) -- Ahold (NYSE:AHO) announces that net earnings and earnings per share under Dutch GAAP and U.S. GAAP will be significantly lower than previously indicated for the year ended December 29, 2002. This is due primarily to overstatements of income related to promotional allowance programs at U.S. Foodservice which are still being investigated. Based on information obtained to date, the company believes that operating earnings for fiscal year 2001 and expected operating earnings for fiscal year 2002 have been overstated by an amount that the company believes may exceed U.S. $500 mln, with the majority of such amount occurring in the expected operating earnings for fiscal year 2002. The overstatements of the income discovered to date will require the restatement of Ahold's financial statements for fiscal year 2001 and the first three quarters of fiscal year 2002.
MoneyTV, Week of 2/21
LOS ANGELES, Feb. 21, 2003 (PRIMEZONE) -- MoneyTV is the nationally syndicated television program all about money, profiling emerging-growth companies (http://www.moneytv.net), featuring informative interviews with the CEOs, insights into their operations and outlooks for their futures.
Glancy Binkow & Goldberg LLP
Glancy & Binkow LLP, Representing Shareholders of Motorola, Inc., Announces Update to Shareholder Lawsuit -- MOT
LOS ANGELES, Feb. 21, 2003 (PRIMEZONE) -- Glancy & Binkow LLP, a law firm representing shareholders of Motorola, Inc., announces 10 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who purchased securities of Motorola, Inc. ("Motorola" or the "Company") (NYSE:MOT) between February 3, 2000 and April 6, 2001, inclusive (the "Class Period"), may move the Court not later than March 3, 2003, to serve as lead plaintiff, however, you must meet certain legal requirements.