Banking & Fintech

Nestlé stands firm over GM crops

This content was published on May 16, 2002 Scientific experts from the world’s biggest food company held talks with representatives of Greenpeace at the multinational’s global headquarters in the Swiss town of Vevey. The environmentalist group had requested the meeting, after activists in a number of countries in South-East Asia and South America had failed to obtain similar talks with Nestlé’s regional subsidiaries.…

Billions returned to Italy under tax amnesty

This content was published on May 15, 2002 The sums, although vast, are only a fraction of the SFr400 billion that Italians are estimated to have deposited in Switzerland, chiefly in banks in canton Ticino. Italians started repatriating money from Switzerland last November in response to an amnesty granted by the Italian finance minister, Giulio Tremonti. He was hoping to recover as much…

New Gotthard tunnel not priority, government says

This content was published on May 15, 2002 Amid increasing pressure by motorist associations and political parties to build a new tunnel through the Gotthard, the cabinet stood firm on its position. The transport minister, Moritz Leuenberger, said on Wednesday there is no urgent need for another tunnel, because dramatic traffic jams on the main north-south route are limited to the main holiday…

Medica posts healthy profits

This content was published on May 15, 2002 Medica is hoping for more good news from the United States, where it is on the verge of resolving a class-action lawsuit over faulty hip and knee implants. The company will learn on Wednesday whether 2,000 plaintiffs who were given the faulty implants have accepted its SFr1.6 billion ($1 billion) settlement. They have until Wednesday…

CS profit below expectations — UBS results above

This content was published on May 15, 2002 Although the profit reversed two consecutive quarterly losses, the figure fell way short of analysts’ expectations. They had predicted an average result of SFr563 million. The profit compares with income of SFr1.428 billion made during the comparable period last year. On Tuesday, Switzerland’s largest bank UBS reported a first quarter net profit of SFr1.363 billion…

Go4Equity founders open corporate finance office

This content was published on May 15, 2002 Beat Bühlman, Harry Sprecher, and Reto Suter founded Tendo AG late last year when their Internet startup, Go4Equity AG, was shut down by its largest shareholder. Tendo’s first mandates are positioning it as a corporate finance consultancy for high-tech firms, particularly Internet and wireless firms. It is busy with an MBO in the mobile messaging…

Alps group urges protection of valleys

This content was published on May 15, 2002 At a press conference in Bern on Tuesday, the group said traffic flow and natural valley properties, such as retaining heat and noise, were leading to a greater pollution of low land environments, which in turn posed a threat to health. In a dossier entitled “Transport, Environment, Health”, the doctors and Alpine Initiative representatives highlighted…

Swiss IT consultancy spins off software startup

This content was published on May 14, 2002 Seculitons AG will package and commercialize software developed by Ergon engineers who worked on projects requiring the development of highly secure web and Internet solutions. The startup’s first product is a software package it calls Secure Entry Server (SES). Heer says that SES represents a “new approach to securing web applications and email.” Ergon Informatik…

Zurich names Schiro as new CEO

This content was published on May 14, 2002 Schiro is a relative newcomer to Zurich having joined the company as a chief operating officer in March. Analysts say his appointment is aimed at winning back investor confidence after Hüppi’s reign lead to four profit warnings last year. In a statement Zurich said Hüppi would step down as CEO and chairman of the company…

UBS profits down

This content was published on May 14, 2002 At the same time, UBS announced that the chairman of UBS Warburg, Markus Granziol, would leave the investment bank at the end of August. No reason was given for his departure. In a statement, UBS said that although its first quarter profit was 14 per cent down on the comparable period last year, it was…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Nestlé stands firm over GM crops

More

Billions returned to Italy under tax amnesty

More

New Gotthard tunnel not priority, government says

More

Medica posts healthy profits

More

CS profit below expectations — UBS results above

More

Go4Equity founders open corporate finance office

More

Alps group urges protection of valleys

More

Swiss IT consultancy spins off software startup

More

Zurich names Schiro as new CEO

More

UBS profits down

Popular Stories

Most Discussed