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Migros checks out well in 2008

This content was published on Mar 31, 2009 The company, which includes grocery stores, banks, electronics shops and other divisions, said on Tuesday that turnover for the group as a whole jumped 13.5 per cent in 2008 to SFr25.75 billion. The increase is thanks largely to an upturn in retail sales that amounted to SFr21.6 billion. The company’s earnings before interest and taxes…

Julius Bär picks new CEO from internal ranks

This content was published on Mar 31, 2009 Boris Collardi, who currently serves as the bank’s chief operating officer, will take the helm on May 1. Johannes de Gier has been the bank’s acting CEO and will now continue his role as chairman of the company’s hedge fund arm. Collardi, who was born in 1974, assumes the leadership role at a critical time…

Current Affairs

This content was published on Mar 30, 2009

Young riders tempted by doping

This content was published on Mar 30, 2009 swissinfo talked to Vanessa Lentillon-Kaestner, a sports psychologist at Lausanne University and author of new research into why young riders on the verge of becoming professional might resort to doping. Lentillon-Kaestner has carried out the Swiss part of a comparative study, financed by the World Anti-Doping Agency (WADA), into doping among young amateur and professional…

UBS and top manager part company

This content was published on Mar 29, 2009 Martin Liechti was head of wealth management Americas, and was not allowed to leave the US for several months last year after being called to testify before a Senate hearing investigating charges that UBS staff helped wealthy clients evade tax. Liechti refused to answer questions regarding former UBS employee, Bradley Birkenfeld, who was arrested and…

Swiss feel secure despite economic crisis

This content was published on Mar 27, 2009 It also found that three out of four respondents approve of the Swiss militia army, although overall confidence in state institutions is waning. Environmental risks, shortage of commodities and the economic crisis are perceived as the biggest dangers by the Swiss, said representatives of the institute’s military academy at a news conference on Friday. The…

Keeping time

This content was published on Mar 27, 2009 A glimpse inside the workshop of one of the most famous Swiss watchmakers, Audemars Piguet. Timepieces are developed and assembled not far from the French border in Le Brassus and since 1986 at a subsidiary in nearby Le Locle. All photos Thomas Kern, swissinfo.

Crisis forces watch industry to “reset” values

This content was published on Mar 26, 2009 François Thiébaud, president of the Swiss exhibitors committee, tells swissinfo the industry will start to recover from the effects of the global financial crisis as of May and the general feeling of pessimism will subside. The industry will “reset” its watches as it returns to traditional values, he says. The sector is currently experiencing its…

Oerlikon extends restructuring

This content was published on Mar 26, 2009 The company said on Thursday it had been hit by restructuring costs and goodwill write-offs, while the global economic slump weighed on demand at its textiles and semiconductor units. Although the slowdown in these areas was partially compensated by its well-performing core businesses, in particular Oerlikon Solar, the group said it would react to the…

Goodwill write-offs

This content was published on Mar 26, 2009 Goodwill was first defined in the late 19th century as the difference between the purchase price and the book value of an acquired company’s assets. Today it can also mean the difference between the combined company’s profits over normal earnings for a similar business. It is difficult to measure as it is based on future…

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Migros checks out well in 2008

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Julius Bär picks new CEO from internal ranks

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Young riders tempted by doping

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UBS and top manager part company

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Swiss feel secure despite economic crisis

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Keeping time

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Crisis forces watch industry to “reset” values

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Oerlikon extends restructuring

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Goodwill write-offs

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