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Home » Business News
Business News
Tuesday 27. January 2009

Improper Accounting Practices at Consolidated Subsidiary Companies and Postponement of Third Quarter Results Announcement

Seiko Epson Corporation (“Epson”) today announced it had uncovered improper accounting practices at certain consolidated subsidiary companies, and as a result has postponed its third quarter results announcement (fiscal year ending March 31, 2009) originally planned for January 30, 2009. Details of the postponement are as follows.

Tuesday 27. January 2009

Stora Enso’s fourth quarter 2008 operating profit clearly negatively impacted by extensive production curtailments, as anticipated in October, and by wood inventory writedowns; significant production curt

Stora Enso’s fourth quarter 2008 operating profit clearly negatively impacted ; by extensive production curtailments, as anticipated in October, and by wood ; inventory writedowns; significant production curtailments will continue during first half of 2009 ; The Group will take an impairment charge of about EUR 670 million in fourth quarter 2008

Tuesday 27. January 2009

Rohm and Haas Company Announces Intent to Pursue All Available Alternatives to Protect Shareholders

Rohm and Haas Company (NYSE: ROH) announced today that it has been advised by The Dow Chemical Company that Dow does not intend to close the pending acquisition of Rohm and Haas on or before Tuesday, January 27, 2009.

Tuesday 27. January 2009

Stora Enso plans temporary lay-offs in its operations in Finland

As Stora Enso announced in a stock exchange release today, it will continue to curtail production in its Finnish operations during the first half of 2009 to adjust to weakened demand of the Group’s products.

Tuesday 27. January 2009

St Ives plc – Senior Management Changes

The Board of St Ives plc (“the Company” or “the Group”) announces the following changes in the senior management of the Company. As part of an overall management succession plan, Brian Edwards, Chief Executive Officer, will step down on 3rd August, 2009 following the end of the Company’s financial year.

Tuesday 27. January 2009

WEYERHAEUSER ANNOUNCES CLOSURES OF TWO WASHINGTON MILLS

Weyerhaeuser Company (NYSE: WY) today announced the immediate closure of two mills in Washington state due to weak market conditions.

Tuesday 27. January 2009

Disclosure made according to the requirements of the Law of May 2, 2007

According to Agfa-Gevaert NV’s bylaws, the threshold as from which a shareholding needs to be disclosed, has been set at 3%.

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