Banking & Fintech

One in three planes delayed at Geneva airport

This content was published on Aug 2, 2001 The European Airline Association says 30.4 per cent of all planes taking off from Geneva’s Cointrin airport are delayed. Philippe Roy, spokesman for AIG, said the airport authority would not dispute the figures, which were published in the American magazine “Time”. However, to find out the real extent of the delays, it would be necessary…

“Code Red” worm threat remains

This content was published on Aug 2, 2001 Free software squashes worm Computer experts saw no immediate effect from the virus-like “Code Red” worm, which has struck twice before, and Swiss internet sites remainedlargely unscathed. This could partly be due to the fact that computer users were better prepared this time as Microsoft has distributed a free software programme on the internet to…

Swissfirst boosts profits and stake

This content was published on Aug 2, 2001 “Based on what we know, very good results can be expected and Swissfirst’s growth targets should be able to be attained,” Swissfirst said in its outlook for the full year. The Swiss financial services group said on Thursday it had also increased its stake in Bank Wengelin (Liechtenstein) by 27.5 per cent to 52.5 per…

Zurich’s US unit confuses Sweden with Switzerland

This content was published on Aug 2, 2001 However, as Scudder tried to promote itself as a savvy global mutual fund manager it also managed to confuse the two nations in a full-page advertisement in the Tuesday’s Wall Street Journal. “How many lightning bolts does it take to change a stock market,” the ad asks in bold lettering emblazoned over a dramatic photograph…

Marron steps down from PaineWebber

This content was published on Aug 2, 2001 Marron, who at one point was a candidate for chairman of the United States Securities and Exchange Commission, agreed to sell PaineWebber to UBS after a 20-year reign as head of the firm. Marron agreed to sell the company for $10.8 billion last July, a price that valued his stake in the company at $215…

Zeppelin postal delivery slowed by wind

This content was published on Aug 1, 2001 The zeppelin, in its first flight over the region, picked up the mail from a motorboat at Lake Lucerne to deliver it to Altenrhein. However, the manoeuvring turned out to be more troublesome than expected. The “Friedrichshafen” had trouble keeping its position, which made hauling the postal sacks a real challenge. But the mail bags…

Graubünden draws new business with five-star service

This content was published on Jul 31, 2001 With resorts such as Davos, Klosters and St Moritz all located within its borders, it’s no surprise that 60 per cent of Graubünden’s income comes from tourism. But now the canton is using top-drawer service to attract investors, offering assistance that varies from helpful contacts to tax breaks, loans and even cash injections. Eugen Arpagaus,…

Victorinox and Swiss Army Brands plan new watch business

This content was published on Jul 31, 2001 A joint announcement said that the new company, Victorinox Swiss Army Watch, would market and distribute a single unified brand in all international markets outside the United States, Canada and the Caribbean. Victorinox and Swiss Army Brands will each contribute an equivalent anount of cash, inventory and their entire watch businesses outside the US, Canada…

Lower petrol prices put a brake on inflation

This content was published on Jul 31, 2001 The annual inflation rate fell to 1.4 per cent in July, compared with 1.6 per cent in June and 1.9 per cent in July last year. Commenting on the figures, the office said that the slight decline in the price index was due mainly to lower transport costs (-1.4 per cent), which had been influenced…

Silicon Graphics closes plant in Switzerland, 300 lose jobs

This content was published on Jul 30, 2001 The company, also known as sgi, said the move was being made in response to economic pressures caused by the global IT downturn and was part of a restructuring plan designed to restore the company’s financial health. Silicon Graphics said it expected to close its manufacturing facility at Cortaillod in canton Neuchâtel by the end…

Banking & Fintech

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Banking & Fintech

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One in three planes delayed at Geneva airport

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“Code Red” worm threat remains

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Swissfirst boosts profits and stake

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Zurich’s US unit confuses Sweden with Switzerland

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Marron steps down from PaineWebber

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Zeppelin postal delivery slowed by wind

More

Graubünden draws new business with five-star service

More

Victorinox and Swiss Army Brands plan new watch business

More

Lower petrol prices put a brake on inflation

More

Silicon Graphics closes plant in Switzerland, 300 lose jobs

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