Banking & Fintech

Swissair crash investigators issue safety recommendations

This content was published on Aug 28, 2001 Issuing new safety recommendations in the wake of the crash off the coast of Nova Scotia, the Transportation Safety Board of Canada said more should be done to prevent sparks or wiring problems turning into fatal fires. The new recommendations called for more stringent tests on electrical wires, stricter flammability standards on materials used in…

Roche denies any intent to buy Bayer unit

This content was published on Aug 28, 2001 The Basel-based company said in a statement on Tuesday that it has not held talks with Bayer about an acquisition or agreed to a meeting with the German company. Roche said it did not normally comment on market rumours, but made an exception in this case “to avoid the spread of further speculation generated by…

Roche denies it intends to buy Bayer or its drugs business

This content was published on Aug 28, 2001 Roche had reportedly made an offer to Roche last year, but was turned down, sources had told Reuters news agency. In the latest approach, Roche is offering a mixture of stock and cash in exchange for the business. The sources said Bayer, which recently suffered a severe setback when it had to withdraw its anti-cholesterol…

First half losses sweetened at Lindt and Sprüngli

This content was published on Aug 28, 2001 The Kilchberg-based company said sales were up 5.2 per cent at SFr623.7 million ($373.5 million), while the operating loss narrowed to SFr15.8 million. Financial analysts had expected a six per cent rise in sales and a first-half operating loss off SFr16.7 million. The pre-tax loss for the first six months of the year narrowed to…

Road tunnels need safety measures, group says

This content was published on Aug 28, 2001 According to the Transport and Environment Association, two disasters have heightened awareness about safety – the Mont Blanc catastrophe in 1999 in which 39 people were killed, and another fire in Austria’s Tauern tunnel the same year, which claimed the lives of 12 others. In both cases, trucks were involved in the accidents that sparked…

Management ready to step in at Forbo carpet unit

This content was published on Aug 28, 2001 The company said in a statement on Tuesday that the negotiations cover production sites in the Netherlands, Germany and Switzerland, as well as all European marketing activities. The Zurich-based adhesives flooring producer also said the transaction would exclude its needlefelt production facility in Reims, France. The company did not indicate what would happen to the…

Knickers drop below expectations

This content was published on Aug 28, 2001 It said Sulzberger’s appointment would allow the Kellenberger family, majority shareholders, to withdraw from operational management. Managing director Erich Kellenberger will remain a board member. Swiss-born Sulzberger is currently senior vice president and general manager Europe of sportswear group Reebok International. Calida, whose underwear is the biggest seller in Switzerland, does not normally report first…

All eyes on Swissair

This content was published on Aug 27, 2001 Analysts will be combing the figures on Thursday, searching for signs that Swissair is pulling out of its turbulent descent that saw it wrack up losses of SFr2.9 billion ($1.74 billion) last year. According to media reports, Swissair is likely to post losses of around SFr200-220 million. There have been some signs recently that things…

Simulated rescue highlights dangers of tunnel transport

This content was published on Aug 27, 2001 The operation comes in the wake of two major tunnel disasters – the Mont Blanc road tunnel in 1999 in which 39 people were killed, and another last November inside a funicular tunnel in the Austrian resort of Kaprun, which claimed the lives of 160 people. The operation, codenamed “Granite”, brought together some 200 police,…

SGS net profit tumbles by 25 per cent

This content was published on Aug 27, 2001 A statement from SGS headquarters in Geneva said group sales were down by 2.6 per cent to SFr1.164 billion. SGS said it expected to deliver full year earnings broadly similar to last year, despite the ongoing weakness in the global economy and assuming no significant deterioration in trading conditions. The group made a profit of…

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Banking & Fintech

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Swissair crash investigators issue safety recommendations

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Roche denies any intent to buy Bayer unit

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Roche denies it intends to buy Bayer or its drugs business

More

First half losses sweetened at Lindt and Sprüngli

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Road tunnels need safety measures, group says

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Management ready to step in at Forbo carpet unit

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Knickers drop below expectations

More

All eyes on Swissair

More

Simulated rescue highlights dangers of tunnel transport

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SGS net profit tumbles by 25 per cent

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