Banking & Fintech

Swiss Re to buy US operation for SFr3.36 billion

This content was published on Jul 30, 2001 Swiss Re said on Monday it would integrate Lincoln Re, based in Fort Wayne, Indiana, into the Swiss Re North American Life and Health unit, strengthening its position as the leader in the world’s largest life and health reinsurance market. Swiss Re is one of the world’s leading reinsurers with over 70 offices in more…

Kühne & Nagel posts strong first half-year result

This content was published on Jul 30, 2001 A statement from the group’s headquarters at Schindellegi in canton Schwyz said gross profit rose by 10.9 per cent to SFr764.9 million. The result confirmed the group’s leading position in the global forwarding and logistics market, the company said, and emphasized the value of its global network. The International Forwarding business unit once again had…

Swiss maps her way to world orienteering title

This content was published on Jul 29, 2001 König Salmi, who hails from Zurich, defeated Finland’s Johanna Asklof by 5.6 seconds, and Bern’s Simone Luder by seven seconds. Married to a Finnish orienteering champion and now living in Finland, the mother-of-two said she was delighted to finish in first place especially after enduring a slight hiccup at the second control gate. “I didn’t…

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…

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Banking & Fintech

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Swiss Re to buy US operation for SFr3.36 billion

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Kühne & Nagel posts strong first half-year result

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Swiss maps her way to world orienteering title

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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

More

Swissair celebrates split from AOM/Air Liberté

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