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Synthes comes of age after severing patent ties

This content was published on Mar 28, 2006 The Solothurn-based firm recently paid SFr1 billion ($770 million) for the intellectual property rights to its orthopaedic products from Swiss non-profit organisation AO Foundation. Synthes has grown out of all recognition from the original enterprise set up 36 years ago by the AO Foundation, a network of surgeons and experts promoting orthopaedic advances, and the…

Swiss Life profit jumps by 44 per cent

This content was published on Mar 28, 2006 Gross premium income was SFr20.211 billion, up 0.2 per cent, amounting to an organic growth of eight per cent. The net profit exceeded analysts’ expectations, as the company continues to cut costs and its sizeable operations abroad balance out a weak home market. CEO Rolf Dörig has set an ambitious target of a net profit…

Zurich Financial reaches a new settlement in US

This content was published on Mar 28, 2006 Switzerland’s biggest insurance company had only announced a week ago that it was paying nearly $172 million following an industry-wide probe into insurance dealings. In a statement, Zurich said a total of $325 million would be booked in the first quarter, plus lawyers’ fees and payments in connection with class-action suits. The latest settlement known…

Researchers want more state cash

This content was published on Mar 27, 2006 That’s according to the Swiss National Science Foundation (SNSF), which says current funding lags behind the average across the countries belonging to the Organisation for Economic Cooperation and Development (OECD). Bern spends 0.65 per cent of the gross domestic product on research every year, compared with an OECD average of 0.75 per cent. The gap…

Alpine air leaves dairy cows gasping

This content was published on Mar 27, 2006 That is the conclusion of research by the Federal Institute of Technology in Zurich, which found that the cheese was packed with unsaturated fatty acids that can prevent heart disease. Two herds of Brown Swiss cows were left to graze on the Weissenstein Alp, where the institute has a research station. Pastures there are 1,900-2,600…

Cheap is good, says furniture magnate

This content was published on Mar 26, 2006 The billionaire Swede, who has lived in Switzerland for nearly 30 years, drives a 15-year-old car and always flies economy as an example for his 90,000 employees. The furniture store founder’s fortune was recently estimated at $28 billion (SFr36.7 billion) by Forbes magazine – trailing only Microsoft co-founder Bill Gates, United States investor Warren Buffett…

Serostim continues to haunt Serono

This content was published on Mar 26, 2006 A Boston court formally ordered Serono late last year to pay $704 million (SFr922 million) to settle claims that it offered kickbacks to doctors to push its weight-wasting treatment. The new suit, filed in Massachusetts, was reported in the SonntagsZeitung newspaper on Sunday. “The newspaper refers to the case as is it stated (in our…

Swiss graduates outlive school leavers

This content was published on Mar 25, 2006 The authors of the study, the first of its kind in Switzerland, say new health and social strategies are needed to reduce inequalities in life expectancy. Switzerland is one of the nations with the highest life expectancy – 77.9 years for men and 83 years for women. But how long you live is linked to…

Brazilian police detain Swiss banker

This content was published on Mar 24, 2006 The authorities launched an investigation into several company executives in São Paulo amid allegations that they illegally transferred large sums of money overseas for Brazilian clients. A Swiss citizen was detained at the airport while trying to leave Brazil for Switzerland, federal police said in a statement on Friday. Earlier in the week police searched…

Swiss Post delivers another proud profit

This content was published on Mar 24, 2006 The state-owned company, which is affectionately called the “yellow giant”, also reported that it was ready for the partial liberalisation of its letter delivery service from next month. “Swiss Post has again worked well during 2005,” said Swiss Post head Ulrich Gygi. “We made a profit for the eighth time in a row. “The SFr811-million…

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Synthes comes of age after severing patent ties

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Swiss Life profit jumps by 44 per cent

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Zurich Financial reaches a new settlement in US

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Researchers want more state cash

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Alpine air leaves dairy cows gasping

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Cheap is good, says furniture magnate

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Serostim continues to haunt Serono

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Swiss graduates outlive school leavers

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Brazilian police detain Swiss banker

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Swiss Post delivers another proud profit

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