Cluster: Archive

Internet provider questioned about data leak

This content was published on Aug 3, 2000 Guntern also wants Sunrise to outline what measures it plans to take to prevent such a leak happening again. However, the data protection ombudsman said he did not plan to open an inquiry into a possible breach of data protection laws. Sunrise was alerted about the leak on Tuesday by the weekly newspaper “Weltwoche”. In…

Italian authorities fine insurance companies

This content was published on Aug 3, 2000 The three – Winterthur, Zurich and Helvetia Patria – are among 38 companies which are facing fines of SFr559 million by the Italian competition regulators. The three are going to appeal against the fines. Winterthur has been fined SFr33 million and is not making any comment about the case until the appeal is heard. Helvetia…

Inflation rises to a four-year high

This content was published on Aug 3, 2000 The federal statistics office in Neuchatel reported that the annual inflation figure a year ago was only 0.7 per cent. It added that the consumer price index, calculated according to a new system since May, rose by 0.2 per cent in July compared to the previous month to reach 100.6 (May 2000 = 100). The…

Geberit sees income treble

This content was published on Aug 3, 2000 A communiqué said the company increased sales by 6.7 per cent in the first half to reach SFr647.4 million, with operating profit increasing by 16.4 per cent to SFr117.3 million. It added that profit had tripled in the absence of non-recurring financing costs incurred during the same period last year. Geberit said the board of…

Inflation driven higher by rising fuel and accommodation costs

This content was published on Aug 3, 2000 The Federal Statistics Office in Neuchâtel reported that the annual inflation figure a year ago was only 0.7 per cent. It added that the consumer price index, calculated according to a new system since May, rose by 0.2 per cent in July compared to the previous month to reach 100.6 (May 2000 = 100). The…

UBS plans share increase to fund US acquisition

This content was published on Aug 3, 2000 A UBS communiqué said an extraordinary general meeting would be held on September 7, when shareholders would be requested to approve the creation of 38 million new UBS shares in the form of authorised capital and 17 million in the form of conditional capital. The board of directors will propose that UBS shareholders be paid…

Novartis bans GMOs in own food, but seed production continues

This content was published on Aug 3, 2000 A Novartis spokesman said that since the end of June, all of its food brands sold in Europe’s Benelux region had been certified GMO free. In September last year the company’s babyfood brand, Gerber, also stopped using GMOs. The international environmental pressure group, Greenpeace, welcomed Novartis’ decision to end the use of GMOs. A spokesman…

Tobacco companies reject WHO accusations

This content was published on Aug 2, 2000 The vice-president of Philip Morris’s European Union operations, David Davies, told swissinfo that the WHO’s accusations did not stand up to scrutiny. “We do not believe that any of the documents included in the report substantiate a conclusion that we obstructed the WHO’s health message about tobacco or its tobacco control initiatives.” Davies admitted that…

Ciba enters Wall Street

This content was published on Aug 2, 2000 The company says the move is intended to facilitate access to the United States capital market and to expand the shareholder base. It denies the listing is a precursor to major acquisitions in the US, saying its focus will remain on internal growth. Analysts expect the company’s profit to grow to SFr392.5 million ($230 million)…

Nestlé buys in South Africa, sells in the US

This content was published on Aug 2, 2000 The Vevey-based company has bought two mineral water companies in South Africa, and sold off three factories in the United States making frozen potato products. The buyer of the three US plants, which have an annual turnover of $300 million, is JR Simplot Company. Nestlé declined to give details of the sale, which is subject…

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Internet provider questioned about data leak

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Italian authorities fine insurance companies

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Inflation rises to a four-year high

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Geberit sees income treble

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Inflation driven higher by rising fuel and accommodation costs

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UBS plans share increase to fund US acquisition

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Novartis bans GMOs in own food, but seed production continues

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Tobacco companies reject WHO accusations

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Ciba enters Wall Street

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Nestlé buys in South Africa, sells in the US

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