Homburg Invest Inc. (AMS:HII) Halifax, Nova Scotia, November 3, 2008 (TSX: HII.A & HII.B and NYSE Euronext Amsterdam: HII)- Mr. Richard Homburg, Chairman and CEO of Homburg Invest Inc. ("Homburg Invest" or "HII") announces that the previously reported proposed joint venture with Cedar Shopping Centres Inc. ("Cedar") to purchase 32 properties has been cancelled. Mr. Homburg states that:
Ship Finance International Limited (NYSE:SFL) Press release from Ship Finance International Limited, November 3, 2008
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Scandinavian Property Development ASA (OSL:SPDE) Scandinavian Property Development (SPDE) has hired Anne Grete Ellingsen in a newly established position as Director of Communications. Ms. Ellingsen will be responsible for communications and marketing, and will be part of the company's management team.
NORECO (OSL:NOR) Stavanger, 3 November October 2008: Norwegian Energy Company ASA (Noreco - OSE:NOR), Noreco has received approval from the NOK 2,800 million bondholders to redeem NOK 560 million of bonds at par value and remove the covenant related to the market adjusted equity ratio in the loan agreement.
Kitron ASA (OSL:KIT) Following the decision to transfer manufacturing of a major customer to a low-cost alternative it has been decided to adjust capacity at Kitrons site in Karlskoga. The notice involves 50 employees with full effect from 1 September, 2009. Kitron has requested to start negotiations with the Works Council.
Wavefield Inseis ASA (OSL:WAVE) The Geowave Endeavour acquired 4,911 sail kilometers during the month of October while working offshore Libya for BP. Towing a configuration of 10 x 8,000 meter long streamers at 100 meter separation, this translates to 2,456 square kilometers. This is believed to be a new production record for any seismic vessel and confirms that Wavefield Inseis operates one of the most efficient seismic fleets in the world.
