AsiaNet Daily Summary - Press Releases for Wednesday October 9, 2002

RUNNING AROUND...

HONG KONG: Athletic footwear and apparel company, New Balance announced they would sponsor a number of top Marathons in the Asia-Pacific region. The company said the sponsorship would further improve their reputation as a leading manufacturer of athletic footwear and accessories.

SCHIZOPHRENIA TREATMENT...

BARCELONA: A medical study has revealed Schizophrenia patients being treated with Risperdal Consta were experiencing improved health-related quality of life, reported pharmaceutical manufacturer Janssen-Cilag. Henry Nasrallah, MD, a professor at the University of Mississippi Medical Center, USA said "with this novel treatment, we can make a significant impact on the well-being of persons suffering from this debilitating disorder."

HOUSE ARREST...

WASSENAAR: Yang Bin, the President and major shareholder of the Euro Asia Group was taken into custody on October 4 and placed under house arrest, a media release said. The Euro Asia Group said charges have not yet been laid but he is being kept in custody due to allegations of tax evasion.

STRATEGIC PARTNER...

MANNHEIM: Main.net Communications said today that ABB has joined Power Plus Communications as shareholder and strategic partner for Power Line Communications. "Main.net's global market strategy consists of creating joint ventures and strategic partnerships with entities that have strong connections with local power utilities," said Mr. Moshe Efrati, CEO of Main.net Communications Ltd.

ENERGY OPERATIONS...

Ireland's premier electricity supplier ESB, will utilise Allegro's Power, Natural Gas and Risk Management applications a press release said. ESB Energy Trading and Risk Management Program Manager Peter Murphy said "Allegro Development now provides ESB with tools that will help optimise our energy operations within controlled risk parameters in the developing electricity and fuel markets."

OPERATING SYSTEM...

LEUVEN: Acunia said today that it would add the Windows CE.net operating system to its Xingu Processing Platform. "Acunia has designed Xingu as an open solution that is flexible and operating system-agnostic, and it has the advantage of being able to meet the requirements of all these devices," said Bart Plackle, business unit manager of Acunia Embedded Solutions.

FINANCIAL RESULTS...

NEW YORK: Strong financial results were reported by PepsiCo with fully diluted earnings per share up 14% to 56 cents, a press release said. Chairman and CEO Steve Reinemund said "we increased our market share across our key U.S. businesses and our cash flow was extremely healthy."

EXECUTIVE APPOINTMENTS...

LONDON: The Global Association of Risk Professionals said Frederic Lau has become the new regional director in Hong Kong. The company said Lau is well regarded in the global financial risk management community for his work with both local and foreign bank branches in Hong Kong.

(AsiaNet is a consortium of leading news agencies distributing unedited,translated press releases for worldwide clients. Full-text versions are avaible at www.asianetnews.net)

• ข่าวSchizophrenia
• ข่าวthe sponsors
• ข่าวNew Balance
• ข่าวmotor
• ข่าวo:heal