Cluster: Archive Archives - Page 2060 of 2696

More

Logitech knocked off top spot in business survey

This content was published on May 27, 2003 Logitech, known for developing the computer mouse, fell to third place in the league table compiled by the Swiss business magazine “Bilanz”. The survey highlighted the difficulties faced by Swiss firms in the current market environment, which has been marred by accounting scandals, record losses and management crises. But it found that some companies, particularly…

More

Swiss firms in this year’s Tornado 100 listing

This content was published on May 27, 2003 Which businesses succeed in being listed among the “Tornado 100”, is calculated by looking at the amount of capital raised in venture capital transactions per country. The ratio of venture capital investment to top young companies in Switzerland “ranks among the highest in Europe”, according to Tim Weeks, senior research analyst at Amsterdam-based Tornado Insider.…

More

Geneva airport flies in face of aviation crisis

This content was published on May 27, 2003 The number of passengers using the airport rose by one per cent to 7.6 million, thanks mainly to business generated by the low-cost carrier, easyJet. At a news conference on Tuesday, Geneva airport’s director general, Jean-Pierre Jobin, pointed out that passenger figures were down by 14.6 per cent last year at Zurich airport and by…

More

Post Office takes less painful route

This content was published on May 27, 2003 The measures are expected to save SFr170 million ($133 million) annually as Swiss Post gears up for liberalisation. Last October, Swiss Post announced plans to cut 2,800 jobs and drastically reduce the number of sorting centres from 18 to just three. But on Tuesday, officials said they would consolidate operations into three principal mail sorting…

More

Mikron set to stay in Swiss hands

This content was published on May 27, 2003 Led by industrialist and parliamentarian Johann Schneider-Ammann, the group plans to inject SFr100 million ($77.55 million) to repair the damage to the company’s ailing balance sheet. The restructuring includes plans to reduce the par value of Mikron shares from SFr50 to 10 cents. In a statement, the company said that all balance sheet restructuring scenarios…

More

Swiss flies into SFr200 million first quarter loss

This content was published on May 27, 2003 Although revenues rose to SFr1.04 billion, costs swelled to SFr1.27 billion, cutting the firm’s liquidity by SFr343 million – a “cash-burn rate” of around Fr3.8 million per day. The unaudited result was in line with market expectations, after the chief executive, Andre Dosé, recently indicated the loss would not exceed SFr250 million. “The results reflect…

More

Lake Geneva region braced for G-8 summit

This content was published on May 27, 2003 Some 10,000 soldiers and police officers are to be deployed in the lakeside region in the heaviest security operation since the Second World War. Widespread disruptions to road and air traffic are expected during the three-day event in the French resort. Boats on Lake Geneva are banned altogether, except for shuttles transporting high-ranking delegates to…

More

April brings ray of hope to hotels

This content was published on May 26, 2003 But business is still sluggish, with demand expected to dip 3.2 per cent this summer. According to figures released on Monday by the Federal Office of Statistics, Swiss and European clients generated the most overnight stays for hotels across Switzerland in April. Business during the first quarter of 2003 was down by 2.3 per cent…

More

Swiss Life makes SFr100 million loss on STG sale

This content was published on May 26, 2003 STG Schweizerische Treuhandgesellschaft was bought by LGT group, owned by the Liechtenstein royal family, at book loss of SFr100 million ($65 million). The Zurich-based company said in a statement on Monday it would net SFr197 million ($152.6 million) from the sale. Swiss Life CEO Rolf Dörig said the book loss on STG would not affect…

Cluster: Archive

Popular Stories

Most Discussed

Cluster: Archive

More

Stephan Eicher feat. Gazzè & Grönemeyer: Taxi Europa

More

Logitech knocked off top spot in business survey

More

Swiss firms in this year’s Tornado 100 listing

More

Geneva airport flies in face of aviation crisis

More

Post Office takes less painful route

More

Mikron set to stay in Swiss hands

More

Swiss flies into SFr200 million first quarter loss

More

Lake Geneva region braced for G-8 summit

More

April brings ray of hope to hotels

More

Swiss Life makes SFr100 million loss on STG sale

Popular Stories

Most Discussed