Cluster: Archive

ABB announces third-quarter profit up 31 percent

This content was published on Oct 19, 1999 (AP) — Swiss-Swedish electrical company Asea Brown Boveri Tuesday announced a net profit of $1.108 billion for the first nine months of this year, up 31 percent on the same period in 1998. The transfer of most of ABB’s power generation businesses to a new joint venture, ABB Alstom Power, brought a net capital gain…

The main Swiss news stories of the week

This content was published on Oct 15, 1999

Lobby groups raise food issue ahead of WTO summit

This content was published on Oct 15, 1999 Two development aid groups Friday called on the Swiss government to defend the rights of poor nations at the upcoming world trade summit, saying many people in developing nations had yet to see the benefits of trade liberalisation. The Berne Declaration and Swissaid told a news conference in Berne that the World Trade Organisation had…

Successful take-off for Swiss Aircraft and Systems

This content was published on Oct 15, 1999 The Swiss Aircraft and Systems Company in Emmen, near Lucerne, is making a successful take-off after changing at the beginning of the year from a state-owned company into a public limited enterprise. The company has just announced a series of contracts, after completing the final assembly of F/A-18 aircraft for the Swiss Air Force. The…

Swiss health authorities approve functional food margarine

This content was published on Oct 15, 1999 The Swiss health authorities have given the green light for the sale of a new kind of margarine which, according to the producers Lipton-Sais, has a beneficial effect on bad cholesterol. The Federal Health Office said the product belonged to a relatively new category of food products often referred to as “functional foods.” Those products…

More remains, some diamonds found in Swissair crash debris

This content was published on Oct 15, 1999 More than a year after the crash of Swissair Flight 111, investigators have recovered more debris that includes human remains. The debris were picked up by the Dutch vessel Queen of the Netherlands, which has been raking the ground with a special suction device (picture). The Transportation and Safety Board said investigators were searching the…

Japanese police raid branch of Credit Suisse unit

This content was published on Oct 14, 1999 Japanese police raided the Tokyo branch of Credit Suisse Financial Products (CSFP), a unit of Credit Suisse Group, on Thursday on suspicion it obstructed an earlier inspection by Japanese financial regulators. It was the first time in memory that Japanese police had raided a foreign bank. CSFP’s Tokyo branch is suspected of instructing employees to…

Graphics industry workers stage warning strike over pay demands

This content was published on Oct 13, 1999 Members of a key trade union in the Swiss graphics industry staged a warning strike Wednesday, demanding higher salaries and protesting against a controversial collective labour contract with employers. The Comedia union said about 4,000 people had followed its call to stop work and stage protests in ten cities throughout the country in order to…

Swissair, Delta, Sabena, Austrian end trans-Atlantic alliance

This content was published on Oct 13, 1999 (AP) — Swissair, Delta Air Lines, Sabena and Austrian Airlines have agreed to disband their trans-Atlantic alliance, Swissair parent SAirGroup said Wednesday. The dissolution of the Atlantic Excellence code-sharing agreement “was foreseeable following Delta’s decision to cooperate with Air France,” SAirGroup said in a statement. The process “should be completed within the next 12 months…

Graphics industry sector stages warning strike over contracts

This content was published on Oct 13, 1999 A key trade union in the Swiss graphics industry was urging the 39,000 industry workers to stage a warning strike Wednesday afternoon to protest against a controversial collective labour contract with employers. The Comedia union, which has 10,000 members, wants all workers in the industry to stop work for a few hours to force employers…

Cluster: Archive

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