PC World reports that popular anti-virus tools by Symantec – published under the Norton suite of security products – suffers a serious vulnerability. The vulnerability affects version 10 of Symantec’s enterprise antivirus software, and could lead to Symantec customers being attacked and their systems controlled by a hacker – all without Norton anti-virus noticing. eEye

Antigoni Papadopoulou (DIKO) will be the new Chairwoman of the House Finance Committee replacing fellow DIKO backbencher Aristos Chrysostomou who failed to get elected to the House. The Deputy Chairman of the powerful HFC will be another DIKO newcomer, Nicholas Papadopoulos, replacing fellow DIKO MP Zacharias Koulias who will take up the Chairmanship of the

C.A. Papaellinas Pcl (CAP) shareholders approved a dividend payment of 1.2 cent per share to all shareholders registered at 1 June 2006. The ex-dividend date is set on 30 May 2005. Additionally, the AGM also approved a dividend reinvestment scheme. According to the dividend reinvestment scheme, shareholders wishing to reinvest their dividend in CAP shares

Woolworth (Cyprus) Properties Pcl (FWW) issued its first quarter results posting a 46% increase in net profit to CYP 839.000, for an EPS of 0.9 cent vs. 0.6 cent in the same quarter a year ago. The increase is primarily attributed to improved profitability from investments in associated companies and lower financing expenses. For the

Louis Hellenic Cruises, a member of Louis Cruise Lines acquired another cruiser, the ‘Ivory’ with a capacity of 690 passengers and 254 cabins. The new cruise liner will operate in the Greek islands thus increasing its presence in the Greek market with a total fleet of four vessels. The management of Louis Hellenic Cruises anticipates

Cyprus Trading Corporation Pcl (CTC) issued its first quarter 2006 results, posting a net profit of CYP 637.000 compared to CYP 110.000 a year ago in the same period with EPS climbing to 0.69 cent from 0.12 cent a year earlier. Revenue increased to CYP 31.75 mln, posting an increase of 11% year-on-year. Gross Profit,

The Inland Revenue Department reported a 30.8% increase in revenues for the period January- March 2006 to CYP 164.3 mln. Revenue from Special Contribution for Defence recorded a 50% increase to CYP 53.1 mln, while revenue from corporation tax declined by 9% to CYP 22.7 mln. Income tax PAYEE receipts increased by 21% to CYP

The dollar steadied on Thursday after recovering against the euro and the yen the previous session on upbeat housing data that tilted expectations toward the Federal Reserve raising interest rates in June, but further direction rests with US GDP data due at 3.30pm Cyprus time. The market is expecting US Q1 GDP growth to have