Blog Posts by Simplus Information Services

  • NEW YORK--(BUSINESS WIRE)--

    PVH Corp. [NYSE:PVH] today announced that it has entered into a new employment agreement with Fred Gehring, currently Executive Chairman, Tommy Hilfiger, and Vice Chairman, PVH Corp. The agreement provides for Mr. Gehring to relinquish his role as Executive Chairman, Tommy Hilfiger, and reflects the continued strong performance of the Tommy Hilfiger business under the leadership of Tommy Hilfiger CEO Daniel Grieder, which role Daniel assumed in July 2014. Mr. Gehring will continue in his role of Vice Chairman, PVH, serving as an advisor to Manny Chirico, PVH’s Chairman and Chief Executive Officer, and the PVH Board on matters related to PVH’s business and growth strategies. In connection with this change, Mr. Gehring will also step down as a member of PVH Corp.’s Board of Directors. The new agreement and arrangements are effective August 1, 2015.

    “Fred

    Read More »from PVH Corp. Announces New Agreement with and Revised Role for Fred Gehring
    Contact:
    PVH Corp.
    Dana Perlman, 212-381-3502
    Treasurer and Senior Vice President
    Business Development & Investor Relations
    investorrelations@pvh.com
  • Honda records 20 pct profit rise on yen, despite recalls

    Honda records 20 pct rise in profit on cheap yen despite costs of massive air bag recalls

    TOKYO (AP) -- Japanese automaker Honda is seeing a 20 percent jump in fiscal first quarter profit on the back of a cheap yen that offset the damage from a massive air bag recall.

    Honda Motor Co. reported Friday April-June net profit of 186 billion yen ($1.5 billion), up from 155.6 billion yen the same period the previous year.

    Quarterly sales gained nearly 16 percent to 3.7 trillion yen ($29.9 billion).

    The Tokyo-based maker of the Accord sedan and Odyssey minivan has been the hardest hit among automakers from the costs related to a global recall of Takata Corp.'s air bags that can explode.

    Results got a boost from healthy sales, especially in North America. The cheap yen, which lifts the overseas earnings of Japanese exporters, also helped. Honda left forecasts unchanged.

  • China rebound, other Asian markets mostly up after US data

    China rebound, other Asian markets mostly gain after strong US growth data

    SEOUL, South Korea (AP) -- China's stock market rebounded while other Asian stocks also mostly gained Friday after data showed the U.S. economy posted solid growth during the second quarter.

    KEEPING SCORE: The Shanghai Composite Index gained 0.2 percent to 3,713.54, bouncing back for the first time in two days. South Korea's Kospi finished up 0.2 percent at 2,023.63. Japan's Nikkei 225 added 0.2 percent to 20,557.96 while Hong Kong's Hang Seng index rose 0.5 percent to 24,618.67. Stocks in Australia and New Zealand were higher as well as most stocks in Southeast Asia.

    CHINA'S SWING: The Shanghai benchmark reversed its loss and made a rebound for the first time in two trading sessions. The index suffered its biggest one-day drop in eight years on Monday when it plunged 8.5 percent despite government intervention to halt a slide in stock prices. Stocks recovered moderately on Wednesday before falling again on Thursday. Analysts say

    Read More »from China rebound, other Asian markets mostly up after US data
  • Airbus takes 290M euro charge for military transport crash

    Airbus profit boosted by sale of stake in Dassault, charge of 290M euro booked for plane crash

    FRANKFURT, Germany (AP) -- Plane maker Airbus Group SE said Friday its net profit rose 34 percent in the first half of the year to 1.52 billion euros ($1.68 billion.)

    Profits were boosted by 748 billion euros reaped from the sale of a stake in jet fighter maker Dassault Aviation.

    Airbus had to book a 290 million euro charge related to the May 9 crash of an A400M military transport plane in Spain that killed four crew members. The crash stopped some flight test activities for weeks and led to production bottlenecks.

    The company said it was working with customers to agree on a new schedule for deliveries. The A400M program has run years behind schedule and cost billions more than expected.

    Airbus CEO Tom Enders said the company was on track to achieve its earnings forecast for the year amid healthy demand for commercial aircraft. He said the company was focusing on stepping up production of the

    Read More »from Airbus takes 290M euro charge for military transport crash
  • Change in the Number of Shares and Votes in BE Group

    MALMÖ, Sweden--(BUSINESS WIRE)--

    Regulatory News:

    As a result of the rights issue, resolved upon by the Board of Directors of BE Group AB (BEGR.ST) (“BE Group”) and approved by the Annual General Meeting 2015, the number of shares and votes in BE Group has increased by 185,474,367. As of 31 July 2015, the total number of shares and votes in the company amounts to 260,202,495.

    BE Group, listed on the Nasdaq Stockholm exchange, is a trading and service company in steel and other metals. BE Group provides various forms of service for steel, stainless steel and aluminium applications to customers primarily in the construction and engineering sectors. In 2014, the Group reported sales of SEK 4.2 Bn. BE Group has approximately 750 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com

    Read More »from Change in the Number of Shares and Votes in BE Group
    Contact:
    BE Group
    Andreas Karlsson, CFO
    tel.: +46 (0)709-48 22 33
    e-mail: andreas.karlsson@begroup.com
  • Australian seated beside overweight passenger sues Etihad

    Etihad vows to fight lawsuit from Australian who claims back pain from overweight passenger

    BRISBANE, Australia (AP) -- Etihad Airways said Friday that it will continue to fight a lawsuit by a passenger who says he was left with back pain because he was seated beside an overweight man on a 14-hour flight from the United Arab Emirates to Sydney.

    James Bassos, of Brisbane, is suing the Abu Dhabi-based airline in the Queensland state District Court over a permanent back injury he says he suffered while trying to avoid his fellow passenger on the 2011 flight. The 38-year-old interior designer is claiming $227,000 Australian dollars ($166,000) for medical expenses and lost earnings.

    Etihad predicted in a statement on Friday that a court-ordered medical assessment would bring the case to a swift end.

    "Etihad Airways will continue to oppose the action and now that Mr. Bassos will finally face a medical assessment in December 2015 ... we believe that the matter will proceed to an early conclusion," the airline

    Read More »from Australian seated beside overweight passenger sues Etihad
  • Scientist: Oil slick likely from natural seafloor seepage

    Scientist: Oil slick drifting off California coast likely from natural seafloor seepage

    LOS ANGELES (AP) -- Beaches along the Santa Barbara County coast remained open to swimmers, surfers and sunbathers Friday as the Coast Guard worked to determine whether an oil slick that materialized just offshore this week was simply the result of natural ocean-floor seepage.

    That's the conclusion Jordan Clark, professor of earth science and environmental studies at the University of California, Santa Barbara, suspects authorities will find when laboratory analyses of the slick come back, probably sometime early next week.

    The oil is floating in the Santa Barbara Channel above the Coal Oil Point seep field, a region Clark said is known for releasing methane and also about 100 barrels of liquid petroleum per day.

    "If you fly in to Santa Barbara airport you can often see slicks on the water out there. It's reasonable for a slick this size to be spotted in the seepage area," Clark said of the 3-mile sheen first

    Read More »from Scientist: Oil slick likely from natural seafloor seepage
  • Swiss central bank reports hefty 2nd-quarter loss

    Swiss central bank reports another hefty loss for 2nd quarter after abandoning cap on franc

    BERLIN (AP) -- Switzerland's central bank is reporting a hefty loss for the second consecutive quarter after its decision to drop a cap on the franc's value against the euro sent the national currency soaring higher.

    The Swiss National Bank said Friday it lost 20 billion francs ($20.6 billion) in the April-June period, nearly 18 billion francs of that on foreign-currency positions and over 2 billion francs on gold holdings. That brought its total loss for the first half to 50.1 billion francs, including 47.2 billion francs in foreign-exchange losses.

    For last year's second quarter, it reported a profit of 11.8 billion francs.

    The bank on Jan. 15 abandoned a policy of preventing the euro from trading below 1.20 francs, causing the franc to surge. The euro now buys about 1.06 francs.

  • Change of the Number of Shares and Votes in Karo Bio AB (publ)

    HUDDINGE, Sweden--(BUSINESS WIRE)--

    Regulatory News:

    Karo Bio AB (KARO.ST) today announced that the company’s total number of shares as per July 31, 2015 amounts to 939,658,066 shares, corresponding to an equal number of votes. The increase in the number of shares and votes results from the recently completed share issues of 249,914,516 shares. Both issues were announced on April 29, 2015.

    About Karo Bio

    Karo Bio is a development company focused on broadening its operations to include projects and products closer to market. Karo Bio is based in Huddinge, Sweden and is listed on Nasdaq Stockholm.

    Karo Bio publishes this information in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on July 31, 2015 at 8:30 CET.

    This press release is also

    Read More »from Change of the Number of Shares and Votes in Karo Bio AB (publ)
    Contact:
    Karo Bio
    Henrik Palm, CFO
    telephone +46 70 540 4014
    email henrik.palm@karobio.se
  • Change in Number of Shares and Votes in Moberg Pharma

    STOCKHOLM--(BUSINESS WIRE)--

    Regulatory News:

    The number of shares and votes in Moberg Pharma AB (publ) (MOB.ST) has increased by 39,000 to 14,001,537 during July 2015. Therefore, there are in total 14,001,537 shares and votes in the company as of July 31, 2015.

    The reason for the increase is that warrants in Moberg Pharma have been exercised under the company’s share-based incentive program.

    About this information

    Moberg Pharma discloses this information pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8.30 a.m. (CET) on July 31, 2015.

    About Moberg Pharma

    Moberg Pharma AB (publ) is a rapidly growing Swedish pharmaceutical company with OTC sales operations in the U.S. and a distributor network in more than 40 countries. The company’s

    Read More »from Change in Number of Shares and Votes in Moberg Pharma
    Contact:
    Moberg Pharma
    Peter Wolpert, CEO
    Telephone: +46 (0)70 - 735 7135,
    E-mail: peter.wolpert@mobergpharma.se
    or
    Anna Ljung, CFO
    Telephone: +46 (0)70 - 766 60 30
    E-mail: anna.ljung@mobergpharma.se

Blog Posts by Simplus Information Services

  • NEW YORK--(BUSINESS WIRE)--

    PVH Corp. [NYSE:PVH] today announced that it has entered into a new employment agreement with Fred Gehring, currently Executive Chairman, Tommy Hilfiger, and Vice Chairman, PVH Corp. The agreement provides for Mr. Gehring to relinquish his role as Executive Chairman, Tommy Hilfiger, and reflects the continued strong performance of the Tommy Hilfiger business under the leadership of Tommy Hilfiger CEO Daniel Grieder, which role Daniel assumed in July 2014. Mr. Gehring will continue in his role of Vice Chairman, PVH, serving as an advisor to Manny Chirico, PVH’s Chairman and Chief Executive Officer, and the PVH Board on matters related to PVH’s business and growth strategies. In connection with this change, Mr. Gehring will also step down as a member of PVH Corp.’s Board of Directors. The new agreement and arrangements are effective August 1, 2015.

    “Fred

    Read More »from PVH Corp. Announces New Agreement with and Revised Role for Fred Gehring
    Contact:
    PVH Corp.
    Dana Perlman, 212-381-3502
    Treasurer and Senior Vice President
    Business Development & Investor Relations
    investorrelations@pvh.com
  • Honda records 20 pct profit rise on yen, despite recalls

    Honda records 20 pct rise in profit on cheap yen despite costs of massive air bag recalls

    TOKYO (AP) -- Japanese automaker Honda is seeing a 20 percent jump in fiscal first quarter profit on the back of a cheap yen that offset the damage from a massive air bag recall.

    Honda Motor Co. reported Friday April-June net profit of 186 billion yen ($1.5 billion), up from 155.6 billion yen the same period the previous year.

    Quarterly sales gained nearly 16 percent to 3.7 trillion yen ($29.9 billion).

    The Tokyo-based maker of the Accord sedan and Odyssey minivan has been the hardest hit among automakers from the costs related to a global recall of Takata Corp.'s air bags that can explode.

    Results got a boost from healthy sales, especially in North America. The cheap yen, which lifts the overseas earnings of Japanese exporters, also helped. Honda left forecasts unchanged.

  • China rebound, other Asian markets mostly up after US data

    China rebound, other Asian markets mostly gain after strong US growth data

    SEOUL, South Korea (AP) -- China's stock market rebounded while other Asian stocks also mostly gained Friday after data showed the U.S. economy posted solid growth during the second quarter.

    KEEPING SCORE: The Shanghai Composite Index gained 0.2 percent to 3,713.54, bouncing back for the first time in two days. South Korea's Kospi finished up 0.2 percent at 2,023.63. Japan's Nikkei 225 added 0.2 percent to 20,557.96 while Hong Kong's Hang Seng index rose 0.5 percent to 24,618.67. Stocks in Australia and New Zealand were higher as well as most stocks in Southeast Asia.

    CHINA'S SWING: The Shanghai benchmark reversed its loss and made a rebound for the first time in two trading sessions. The index suffered its biggest one-day drop in eight years on Monday when it plunged 8.5 percent despite government intervention to halt a slide in stock prices. Stocks recovered moderately on Wednesday before falling again on Thursday. Analysts say

    Read More »from China rebound, other Asian markets mostly up after US data
  • Airbus takes 290M euro charge for military transport crash

    Airbus profit boosted by sale of stake in Dassault, charge of 290M euro booked for plane crash

    FRANKFURT, Germany (AP) -- Plane maker Airbus Group SE said Friday its net profit rose 34 percent in the first half of the year to 1.52 billion euros ($1.68 billion.)

    Profits were boosted by 748 billion euros reaped from the sale of a stake in jet fighter maker Dassault Aviation.

    Airbus had to book a 290 million euro charge related to the May 9 crash of an A400M military transport plane in Spain that killed four crew members. The crash stopped some flight test activities for weeks and led to production bottlenecks.

    The company said it was working with customers to agree on a new schedule for deliveries. The A400M program has run years behind schedule and cost billions more than expected.

    Airbus CEO Tom Enders said the company was on track to achieve its earnings forecast for the year amid healthy demand for commercial aircraft. He said the company was focusing on stepping up production of the

    Read More »from Airbus takes 290M euro charge for military transport crash
  • Change in the Number of Shares and Votes in BE Group

    MALMÖ, Sweden--(BUSINESS WIRE)--

    Regulatory News:

    As a result of the rights issue, resolved upon by the Board of Directors of BE Group AB (BEGR.ST) (“BE Group”) and approved by the Annual General Meeting 2015, the number of shares and votes in BE Group has increased by 185,474,367. As of 31 July 2015, the total number of shares and votes in the company amounts to 260,202,495.

    BE Group, listed on the Nasdaq Stockholm exchange, is a trading and service company in steel and other metals. BE Group provides various forms of service for steel, stainless steel and aluminium applications to customers primarily in the construction and engineering sectors. In 2014, the Group reported sales of SEK 4.2 Bn. BE Group has approximately 750 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com

    Read More »from Change in the Number of Shares and Votes in BE Group
    Contact:
    BE Group
    Andreas Karlsson, CFO
    tel.: +46 (0)709-48 22 33
    e-mail: andreas.karlsson@begroup.com
  • Australian seated beside overweight passenger sues Etihad

    Etihad vows to fight lawsuit from Australian who claims back pain from overweight passenger

    BRISBANE, Australia (AP) -- Etihad Airways said Friday that it will continue to fight a lawsuit by a passenger who says he was left with back pain because he was seated beside an overweight man on a 14-hour flight from the United Arab Emirates to Sydney.

    James Bassos, of Brisbane, is suing the Abu Dhabi-based airline in the Queensland state District Court over a permanent back injury he says he suffered while trying to avoid his fellow passenger on the 2011 flight. The 38-year-old interior designer is claiming $227,000 Australian dollars ($166,000) for medical expenses and lost earnings.

    Etihad predicted in a statement on Friday that a court-ordered medical assessment would bring the case to a swift end.

    "Etihad Airways will continue to oppose the action and now that Mr. Bassos will finally face a medical assessment in December 2015 ... we believe that the matter will proceed to an early conclusion," the airline

    Read More »from Australian seated beside overweight passenger sues Etihad
  • Scientist: Oil slick likely from natural seafloor seepage

    Scientist: Oil slick drifting off California coast likely from natural seafloor seepage

    LOS ANGELES (AP) -- Beaches along the Santa Barbara County coast remained open to swimmers, surfers and sunbathers Friday as the Coast Guard worked to determine whether an oil slick that materialized just offshore this week was simply the result of natural ocean-floor seepage.

    That's the conclusion Jordan Clark, professor of earth science and environmental studies at the University of California, Santa Barbara, suspects authorities will find when laboratory analyses of the slick come back, probably sometime early next week.

    The oil is floating in the Santa Barbara Channel above the Coal Oil Point seep field, a region Clark said is known for releasing methane and also about 100 barrels of liquid petroleum per day.

    "If you fly in to Santa Barbara airport you can often see slicks on the water out there. It's reasonable for a slick this size to be spotted in the seepage area," Clark said of the 3-mile sheen first

    Read More »from Scientist: Oil slick likely from natural seafloor seepage
  • Swiss central bank reports hefty 2nd-quarter loss

    Swiss central bank reports another hefty loss for 2nd quarter after abandoning cap on franc

    BERLIN (AP) -- Switzerland's central bank is reporting a hefty loss for the second consecutive quarter after its decision to drop a cap on the franc's value against the euro sent the national currency soaring higher.

    The Swiss National Bank said Friday it lost 20 billion francs ($20.6 billion) in the April-June period, nearly 18 billion francs of that on foreign-currency positions and over 2 billion francs on gold holdings. That brought its total loss for the first half to 50.1 billion francs, including 47.2 billion francs in foreign-exchange losses.

    For last year's second quarter, it reported a profit of 11.8 billion francs.

    The bank on Jan. 15 abandoned a policy of preventing the euro from trading below 1.20 francs, causing the franc to surge. The euro now buys about 1.06 francs.

  • Change of the Number of Shares and Votes in Karo Bio AB (publ)

    HUDDINGE, Sweden--(BUSINESS WIRE)--

    Regulatory News:

    Karo Bio AB (KARO.ST) today announced that the company’s total number of shares as per July 31, 2015 amounts to 939,658,066 shares, corresponding to an equal number of votes. The increase in the number of shares and votes results from the recently completed share issues of 249,914,516 shares. Both issues were announced on April 29, 2015.

    About Karo Bio

    Karo Bio is a development company focused on broadening its operations to include projects and products closer to market. Karo Bio is based in Huddinge, Sweden and is listed on Nasdaq Stockholm.

    Karo Bio publishes this information in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on July 31, 2015 at 8:30 CET.

    This press release is also

    Read More »from Change of the Number of Shares and Votes in Karo Bio AB (publ)
    Contact:
    Karo Bio
    Henrik Palm, CFO
    telephone +46 70 540 4014
    email henrik.palm@karobio.se
  • Change in Number of Shares and Votes in Moberg Pharma

    STOCKHOLM--(BUSINESS WIRE)--

    Regulatory News:

    The number of shares and votes in Moberg Pharma AB (publ) (MOB.ST) has increased by 39,000 to 14,001,537 during July 2015. Therefore, there are in total 14,001,537 shares and votes in the company as of July 31, 2015.

    The reason for the increase is that warrants in Moberg Pharma have been exercised under the company’s share-based incentive program.

    About this information

    Moberg Pharma discloses this information pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8.30 a.m. (CET) on July 31, 2015.

    About Moberg Pharma

    Moberg Pharma AB (publ) is a rapidly growing Swedish pharmaceutical company with OTC sales operations in the U.S. and a distributor network in more than 40 countries. The company’s

    Read More »from Change in Number of Shares and Votes in Moberg Pharma
    Contact:
    Moberg Pharma
    Peter Wolpert, CEO
    Telephone: +46 (0)70 - 735 7135,
    E-mail: peter.wolpert@mobergpharma.se
    or
    Anna Ljung, CFO
    Telephone: +46 (0)70 - 766 60 30
    E-mail: anna.ljung@mobergpharma.se

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