Archive – Banking & Fintech

Swiss Birchermüesli enters Guinness Book of Records

This content was published on Jul 29, 2001 Four hundred kilos of müesli, 425 litres of milk, 20 litres of orange juice and 20 litres of lemon juice, 80 kilos of strawberry yoghourt, 200 kilos of sliced apples, 50 kilos of bananas, and 75 kilos of strawberries went into the record-breaking mixture. Happily for the organisers, more than 5,000 people arrived armed with…

Swissair Group holds high-profile talks with Lufthansa

This content was published on Jul 29, 2001 Swissair Group spokesman, Peter Naef, confirmed that his company had already reached a deal over the merger of the two airlines’ respective computer divisions. However Naef refused to comment on a possible alliance of the two airlines’ passenger transport operations. He said it was “possible” that Swissair Group was in contact with Lufthansa, as well…

Tough test for new boss at Sulzer Medica

This content was published on Jul 29, 2001 Sulzer Medica was once the jewel in Sulzer Industries crown but is now facing legal action in the United States over faulty hip and knee implants. Despite the crisis which has seen Sulzer Medica’s share price plummet, Sulzer spun the company off earlier this month. It is not an ideal atmosphere in which to take…

Mobile phones switched off

This content was published on Jul 28, 2001 The network collapsed shortly after midday and it was not until 10.30pm that normal service was restored to Swisscom customers. In a statement on Saturday, the company said it would compensate customers by not charging sms messages and mobile calls made on Thursday and Friday. Swisscom also said it would knock off SFr5 from customers’…

Sunken wagons offer insight into early rail transport

This content was published on Jul 28, 2001 Gilbert Paillex used an underwater robot he developed himself to locate the wagons, some 300 metres under water. A total of six carriages had been loaded unto a freight ship, which set off from Morges on July 8, 1859. They were meant for use on the railway lines connecting Italy and Switzerland. A gust of…

ABB job cuts send share price into free-fall

This content was published on Jul 28, 2001 Twelve thousand jobs are to go in the next 18 months as the company tries to improve its competitiveness. Two thirds of the cuts will come through redundancies. The announcement saw ABB’s share price fall by a fifth although it clawed back some of the losses later in the week. ABB justified the eight per…

Swissair celebrates split from AOM/Air Liberté

This content was published on Jul 27, 2001 Mario Corti, chief executive of the Swissair Group, which owns a 49.5 per cent stake in the carrier, said he was “delighted that a solution had been found for AOM/Air Liberté”. Corti added that the tribunal’s decision marked the end of the group’s strategy to divest itself of its interests in France. However the conclusion…

Growing number of near misses in Swiss airspace

This content was published on Jul 27, 2001 The Swiss air accident investigation bureau said 51 air incidents were recorded in 2000, confirming a report in the “Blick” newspaper. Of that number, 22 incidents were considered near misses. In a further 14 cases collision was considered possible. In 1999, 11 near collisions were recorded. “We are registering more and more near collisions,” bureau…

EC approves Nestlé acquisition of Ralston

This content was published on Jul 27, 2001 “The Commission gives conditional clearance to the acquisition,” it said in a statement. Nestlé, the world’s biggest food group, agreed to conditions in Italy, Spain and Greece, including the licensing of several pet food brands. The deal cannot yet be closed, however, because it has yet to be approved by the US Federal Trade Commission.…

Profits down at Zurich cantonal bank

This content was published on Jul 27, 2001 In a statement, the bank said that it expected a lower profit for the year as a whole compared with last year. It said that in “difficult market conditions”, profit for the first six months fell by 16.2 per cent to SFr338.3 million ($197.26 million). “At this half-year stage, we do not expect to reach…

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Archive – Banking & Fintech

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Swiss Birchermüesli enters Guinness Book of Records

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Swissair Group holds high-profile talks with Lufthansa

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Tough test for new boss at Sulzer Medica

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Mobile phones switched off

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Sunken wagons offer insight into early rail transport

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ABB job cuts send share price into free-fall

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Swissair celebrates split from AOM/Air Liberté

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Growing number of near misses in Swiss airspace

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EC approves Nestlé acquisition of Ralston

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Profits down at Zurich cantonal bank

Popular Stories

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