latest news releases from the newsroom
If P&C Insurance
If P&C Insurance: Capital Contribution from Owners
SOLNA, Sweden, Aug. 14, 2002 (PRIMEZONE) -- The owners of If have today committed to inject in total the equivalent of SEK 1.6 billion into If, whereof SEK 1.0 billion as equity capital to If P&C Holding Ltd. (publ) and the equivalent of SEK 0.6 billion as subordinated debt to If P&C Insurance Company Ltd.
Credit Suisse Group
Credit Suisse Group Announces Second Quarter and First Half Results 2002
ZURICH, Switzerland, Aug. 14, 2002 (PRIMEZONE) -- Credit Suisse Group (NYSE:CSR) reported a net loss of CHF 579 million and a net operating loss, excluding the amortization of acquired intangible assets and goodwill, of CHF 285 million in the second quarter of 2002. This unsatisfactory result is primarily attributable to the extremely low investment income in the insurance businesses due to the significant deterioration in the equity markets, which had a negative impact of approximately CHF 1.5 billion on the Group's result compared to the second quarter of 2001. Private banking and Swiss corporate and retail banking recorded solid earnings given the challenging market conditions, and investment banking reported continued improvements in costs and revenues. The Group remains adequately capitalized and is implementing measures to strengthen Winterthur's capital base.
Glancy Binkow & Goldberg LLP
Glancy & Binkow LLP Commences Class Action Lawsuit Against AOL Time Warner, Inc. -- AOL
LOS ANGELES, Aug. 13, 2002 (PRIMEZONE) -- Notice is hereby given that Glancy & Binkow LLP commenced a Class Action lawsuit in the United States District Court for the Southern District of New York on behalf of a class consisting of all persons who acquired the common stock of America Online, Inc. ("AOL") (NYSE:AOL) between July 19, 1999 and January 10, 2001 inclusive, and all persons who acquired the common stock of AOL Time Warner, Inc. ("AOL Time Warner" or the "Company") between January 11, 2001 and July 17, 2002, inclusive (the "Class").
go-today.com: Pack Your Bags Your Going to Europe Prices!
BOTHELL, Wash., Aug. 13, 2002 (PRIMEZONE) -- The word is out! Winter prices are posted and the deals are steals! Savvy travelers are scooping up our packages at a breathtaking rate and not just one package either -- with rates as lows as these, they are snapping up two or more! So hurry -- space is limited!
Blyth, Inc. Names Robert B. Goergen, Jr. Vice President, Business Development & Internet Strategy
GREENWICH, Conn., Aug. 13, 2002 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leader in the candles, home fragrance and giftware industry, today announced the appointment of Robert B. Goergen, Jr. as Vice President, Business Development & Internet Strategy, overseeing the Company's acquisitions and corporate development. Mr. Goergen is the eldest son of Robert B. Goergen, Sr., Blyth's Chairman of the Board and CEO, and has served as Director, Internet Strategy & E-Business Initiatives for the past two years. He is also Chairman of Blyth's Worldwide Technology Group and retains that role in his newly-expanded position. Mr. Goergen received his B.A. from the University of Richmond and his M.B.A. from the Wharton School of the University of Pennsylvania.