latest news releases from the newsroom
Capital Research Group, Inc
TheSUBWAY.com announces its morning stock focus list for Thursday, July 25, 2002: CALY, VRTS, CNXT, PMCS, OPWV!
WESTON, Fla., July 25, 2002 (PRIMEZONE) -- Keep an Calypte Biomedical Corp. (OTCBB:CALY). The company just began to pick up volume and could be a huge gainer in the short term.
Old Mutual plc
Old Mutual's U.S. Asset Management Group Reports Results for First Half of 2002
BOSTON, July 25, 2002 (PRIMEZONE) -- The U.S. asset management group of Old Mutual plc (LSE:OML) today announced results for its affiliated asset management firms for the six months ended June 30, 2002. The group achieved strong relative performance overall, with assets under management declining 3.2% excluding divestitures, compared to a 6.9% decline for the Dow Jones Industrial Average, 13.2% decline for the S&P 500 Index, and 25.0% decline for the NASDAQ Composite Index. In addition, the firms in aggregate had net inflows of client assets of $1.5 billion, or 1.0% of 2001 yearend assets of $149.9 billion, and divestitures of nonstrategic firms and transfers within Old Mutual accounted for a reduction of $5.4 billion or 3.6% of assets. As of June 30, the group managed a total of $141.2 billion.
Sign On: Sweden's Most Used Forms Revealed
STOCKHOLM, Sweden, July 25, 2002 (PRIMEZONE) -- Notifications of amendment for limited companies, contracts of employment and employer certificates are Sweden's most-used forms, as revealed in new statistics from Sign On, a Stock Exchange-listed company, which has gathered together on the Internet all the forms used in Sweden.
Cardo Sells Rail Business Area
MALMO, Sweden, July 25, 2002 (PRIMEZONE) -- Cardo has entered into an agreement on the sale of the wholly owned Cardo Rail business area to Vestar Capital Partners. The selling price is approximately SEK 2 billion for the company free from debt, generating a tax-free capital gain of approximately SEK 345 million.