latest news releases from the newsroom
Frontline Ltd.: Declaration of Option to Convert to Heavylift Vessel
HAMILTON, Bermuda, Dec. 13, 2006 (PRIME NEWSWIRE) -- Frontline Ltd. (NYSE:FRO), (LSE:FRO), ("Frontline" or the "Company") has declared an option with COSCO Shipyard, China to convert Front Target to a heavylift vessel. The conversion will begin in May 2007, and completion is expected in August 2007. By fitting a new mid-ship section and upgrading all major components of the vessel, we foresee that the vessel will be able to operate for at least 15 years.
Hannover Re Sells Praetorian Group to Australian Insurer
HANNOVER, Germany, Dec. 13, 2006 (PRIME NEWSWIRE) -- Hannover Re today reached agreement to sell its U.S. subsidiary Praetorian Financial Group, Inc., New York, to QBE Insurance Group Ltd., Sydney, Australia. "This successful sale demonstrates that it was the right decision to carve out our U.S. primary specialty business into Praetorian," Chief Executive Officer Wilhelm Zeller explained. Once this transaction is completed Hannover Re will concentrate exclusively on its core business of reinsurance. "We have no doubt," Mr. Zeller continued, "that with QBE -- a leading Australian and international primary insurance group -- a strong strategic partner has been found for Praetorian."
SmallCap Sentinel: Offering Insurance Against Identity Theft
IRVINE, Calif., Dec. 13, 2006 (PRIME NEWSWIRE) -- "Under the inherent banner of protecting individuals and entities against risk, the arrival of Identity Theft Insurance may be overdue," stated SmallCap Sentinel analyst D.R. Clark. "As identity theft claims the dubious title of the fastest-growing crime in the U.S. with 27.5 million victims since 1997 and at a cost of billions of dollars to individuals and businesses, it's likely many businesses will welcome this solution."
Applied Micro Circuits Corporation
Applied Micro Circuits Corporation Announces Schedule of Investor Conference Presentations and Webcasts
SUNNYVALE, Calif., Dec. 12, 2006 (PRIME NEWSWIRE) -- Applied Micro Circuits Corporation (Nasdaq:AMCC) announced today that it will be presenting and webcasting at the 9th Annual Needham & Company, LLC Growth Conference in New York, NY to be held January 9-12, 2007. Interested parties can access the live or archived webcast of the presentation by visiting the AMCC web site at http://www.amcc.com and selecting Investor Relations, then clicking on Presentations and Webcasts. AMCC also maintains a current listing of its scheduled investor conferences on the Investor Relations section of its web site, under Calendar of Events.
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces Preliminary Settlement Approval on Behalf of Participants and Beneficiaries in the Visteon Corp. Retirement Plans
SEATTLE, Dec. 12, 2006 (PRIME NEWSWIRE) -- Keller Rohrback L.L.P. today announced that the Honorable Avern Cohn of the United States District Court for the Eastern District of Michigan preliminarily approved a settlement of $7.6 million plus interest in a class action lawsuit brought under the Employee Retirement Income Security Act ("ERISA") against Visteon Corp. (NYSE:VC). The Settlement with Visteon Corp. will provide for payments to the Visteon Investment Plan and the Visteon 401(k) Savings Plan (formerly known as the Visteon Investment Savings Plan for Hourly Employees) and for allocation of those payments to the accounts of members of the Settlement Class who had portions of their Plan accounts invested in Visteon stock.