Banking & Fintech

Scars of Seveso still linger

This content was published on Jul 11, 2001 Around midday on July 10, 1976, a ventilation system failed at the Icmesa factory, releasing the toxins into the atmosphere over a residential area. At first, nobody realised what was happening. It was only four days later that children started showing skin damage. The initial conclusion was they were contaminated by chlorine. But two weeks…

Shares in Sulzer Medica fall as company gains independence

This content was published on Jul 10, 2001 The company’s stock price has fallen around 80 per cent this year amid a crisis over the recall of faulty hip implants in the United States and doubts over the spin-off strategy. On Monday, the company said the number of lawsuits it is facing in the United States had risen to 1,000 from 800 reported…

Novartis drug hits regulatory hurdle

This content was published on Jul 10, 2001 A statement from the company said it would provide fresh data to the US Food and Drug Administration with conservative estimates for the new submission ranging from 2002 to early 2003. The company said the drug’s approval in the European Union was also subject to delay. Analysts say there are concerns about the drug’s side…

Banking ombudsman gives cautious welcome to complaints slowdown

This content was published on Jul 10, 2001 In his annual report on Tuesday, Häni said the number of complaints he received increased by 10 per cent last year to 1,605 cases. That is a significantly smaller rise than in previous years, when complaints went up on average by 25 per cent a year. However, Häni told swissinfo that he wasn’t ready to…

Jelmoli sales up 25 per cent

This content was published on Jul 10, 2001 Excluding the acquisition of Electro Plus and the opening of new outlets for its Molino restaurants, sales on a comparable basis for the same period in 2000 were up 8.5 per cent. Jelmoli said that based on a strong consumer sentiment, it expected favourable sales growth for the rest of the year. Rental income is…

Zurich town trounces Davos as most dynamic Swiss location

This content was published on Jul 10, 2001 The survey, published annually, takes into account the economic conditions in each town. It also assesses towns according to a variety of social and environmental criteria. Opfikon/Glattbrugg, a town located close to Zurich’s international airport, jumped eight places to wrestle the number one spot away from the mountain resort of Davos, which slipped down to…

WWF: Sleeping with the enemy?

This content was published on Jul 10, 2001 This change in approach from confrontation to cooperation was the key factor in the WWF-Switzerland’s decision to recruit its new boss from big business. The person it chose was Carol Franklin, who had previously worked for 20 years at the reinsurance company, Swiss Re. Franklin has presided over a three-stage re-organisation of the WWF, overhauling…

Nestlé takes bigger portion of US ice cream maker

This content was published on Jul 9, 2001 Nestlé has acquired 3,400,000 shares of Dreyer’s Grand Ice Cream common stock from General Electric Capital Corporation, General Electric Pension Trust and General Electric Investment Private Placement Partners. However, under agreements that do not expire until 2004, Nestlé’s ownership position is limited to 25 per cent. Dreyer’s chairman T. Gary Rogers said in a statement…

Unaxis-owned robot maker cuts 250 jobs

This content was published on Jul 9, 2001 The announcement sent Esec shares tumbling on the Swiss stock exchange. In early trading, the share price fell by 20 per cent, or SFr40, to SFr170, before climbing back to SFr190. By the end of the day’s trading, the shares had picked up slightly to close on SFr198. Esec, which builds semi-conductor assembly robots, said…

Pro Senectute encourages “silver surfers”

This content was published on Jul 9, 2001 In conjunction with Credit Suisse and the Argaau cantonal bank, Pro Senectute is encouraging pensioners to come forward for free internet training. So far around 100 men and women, aged between 60 and 84, have dived into the world wide web and started surfing. The aim of the project is to set up a permanent…

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Banking & Fintech

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Scars of Seveso still linger

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Shares in Sulzer Medica fall as company gains independence

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Novartis drug hits regulatory hurdle

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Banking ombudsman gives cautious welcome to complaints slowdown

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Jelmoli sales up 25 per cent

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Zurich town trounces Davos as most dynamic Swiss location

More

WWF: Sleeping with the enemy?

More

Nestlé takes bigger portion of US ice cream maker

More

Unaxis-owned robot maker cuts 250 jobs

More

Pro Senectute encourages “silver surfers”

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