latest news releases from the newsroom
Helvetia Patria Holding
Shareholders' Meeting of Helvetia Patria Holding
ST.GALLEN, Switzerland, May 7, 2004 (PRIMEZONE) -- The non-life business took again last year advantage of its excellent portfolio quality. A good loss experience, a cautious underwriting policy and a strict cost management all contributed to the renewed reduction of the net combined ratio that decreased from 99.9 per cent to 98.4 per cent. The life business generated a significantly improved result thanks to the again normalised level of investment income as well as the steps initiated to increase profitability. The difficult conditions in the Swiss group life business caused its growth to be deliberately slowed down. The reduction in the minimum interest rate and especially the cost savings were instrumental in achieving a now balanced sector result after the severe loss in the previous year. The investment business gained last year again from the improved conditions on the international stock markets as well as from the strengthened Euro.
Capital Research Group, Inc
TheSUBWAY.com Announces Its Stock Market Standouts List for Friday, May 7, 2004: WLFI, GWDL, NT, MSFT
WESTON, Fla., May 7, 2004 (PRIMEZONE) -- TheSUBWAY.com announces the following stocks to its Stock Market Standouts List: Weight Loss Forever International Inc. (OTCBB:WLFI), Gateway Distributors Ltd. (OTCBB:GWDL), Nortel Networks Corp. (NYSE:NT), Microsoft Corporation (Nasdaq:MSFT).
UMICORE: Quarterly Update -- Overview
BRUSSELS, Belgium, May 7, 2004 (PRIMEZONE) -- Umicore's (Other OTC:UMICF) various businesses posted a strong performance in the first quarter of 2004. This was the case both for Umicore's traditional business as well as for the units acquired in 2003.
FindProfit.com Provides Investment Coverage of the WiMax Sector
PRINCETON, N.J., May 7, 2004 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +67% audited return in 2003, announced today that it has provided to trial and paid subscribers investment coverage of the WiMax sector, including coverage of Alvarion (Nasdaq:ALVR) and Intel (Nasdaq:INTC).
Metro Launches Sixth Edition In France
BERTRANGE, Luxembourg, May 7, 2004 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced the continuation of its organic expansion in France with the launch of a new edition in Bordeaux. Bordeaux is the seventh largest city in France and Metro already publishes daily editions in the five largest French cities -- Paris, Marseille, Lyon, Toulouse and Lille.
KLIPPAN Annual General Meeting
KLIPPAN, Sweden, May 7, 2004 (PRIMEZONE) -- Election of board At KLIPPAN's annual general meeting, Jan Bernander, Bertil Bernadotte, Mariana Burenstam Linder, Bjorn Gillberg, Tommy Kullberg, Stefan Lersten and Kjell Svensson were re-elected as ordinary members of the board. Lars-Ake Helgesson was elected as new ordinary member of the board.
Sandvik -- EUR 1,000 million Syndicated Term Loan Facility
SANDVIKEN, Sweden, May 7, 2004 (PRIMEZONE) -- Sandvik AB has appointed Barclays Capital, BNP Paribas, Citigroup Global Markets Limited, Nordea Bank AB and Svenska Handelsbanken AB as joint Mandated Lead Arrangers for a EUR 1,000 million Syndicated Term Loan Facility. BNP Paribas, Barclays and Citigroup will act as Bookrunners with Nordea acting as the Documentation Agent and Handelsbanken acting as the Facility Agent and Swingline Agent.