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Durable goods are just that: hard goods; they don't wear out quickly and can be used over and over again for at least several years. Think your car, TV, refrigerator or computer. These are certainly not disposable, one-time use items.
The opposite of a hard good is (surprise!) a soft good or, if you like, a non-durable good. These are products you use once, like your lunch at McDonald's, the gas in your car and the ugly sweater your grandmother bought you for your birthday. These items have an intended lifespan short of three years, or are consumed immediately.
Investors pay attention to the monthly durable orders report released by the Commerce Department around the end of each month. When durable goods are strong, it means that U.S. manufacturing is humming along, though economists tend to parse the numbers pretty closely. Big-ticket items can skew the overall results, since an order for, say, 75 Boeing 747s has a bigger impact than 75 iPods. Luckily, the data lets economists break down the sectors.
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Monday, May 05, 2008
Volvo: Henrik Bergquist Receives Assar Gabrielsson Prize for Dissertation on Esophageal Cancer
Comtex
STOCKHOLM, Sweden, May 05, 2008 (BUSINESS WIRE) ----Regulatory News:
Dr. Henrik Bergquist MD has been awarded the Assar Gabrielsson Prize for an outstanding scientific dissertation in cancer research at Goteborg University during the past three years.
The prize is SEK 50,000, with the possibility in autumn 2008 to receive a research grant of SEK 100,000. The prize was presented today.
Henrik Bergquist works at the Department of Otorhinolaryngology/Head & Neck Surgery, the Sahlgrenska Academy, Goteborg University, Sweden. He received the prize for his dissertation "Aspects of the management of patients with esophageal cancer."
In his dissertation, Henrik Bergquist chose to specifically study patients offered relief treatment, so-called palliation, with regard to esophageal cancer and then compared with two other treatment methods. Henrik Bergquist has also studied treatment results for esophageal cancer with a new surgical technique for tumors positioned high in the throat (proximal esophageal or hypopharyngeal cancer). Despite advanced tumor disease, the outcome is positive with regards to long-term survival and function, which opens possibilities of establishing a new treatment principle.
Esophageal cancer is the eighth most common cancer form in the world and is increasing sharply, particularly among middle-age men. In Sweden, about 400 persons are diagnosed each year with esophageal cancer. Patients seek treatment late in the course of the disease and the tumor is often advanced already at diagnosis. Despite modern diagnostics and treatment, the prognosis overall is poor. Only 12-15% survive up to five years. Since the disease is often advanced at diagnosis, slightly more than 40% of the patients can only be offered palliative treatment.
In its citation, the Assar Gabrielsson Foundation Fund writes that Henrik Bergquist's dissertation is an example of a well-implemented clinical dissertation that in itself is significant for care management of the heavily impacted cancer population and that clears a path for continued significant research efforts.
In addition to this prize, each year the Assar Gabrielsson Foundation Fund offers grants to young researchers in the field of clinical research, particularly cancer. Assar Gabrielsson was one of Volvo's founders.
May 5, 2008
For further information, please contact Professor Gosta Granstrom, executive member of the Assar Gabrielsson Foundation, tel. +46 31-342 12 76 or +46 703-80 61 20.
The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Annual sales of the Volvo Group amount to about SEK 285 billion. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.
This information was brought to you by Cision http://newsroom.cision.com
SOURCE: Volvo
Volvo Gosta Granstrom, +46 31-342 12 76 or +46 703-80 61 20
Copyright Business Wire 2008
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