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Leica rejects hostile takeover bid

This content was published on Jun 27, 2005 The Swiss group said the offer made on Monday of SFr440 ($347) per share – worth about SFr1 billion – was too low. “The board has considered the offer [and] came to the conclusion that the Hexagon offer does not reflect the actual value of the company and its excellent growth potential,” Leica Geosystems said…

Swiss-American relations in spotlight

This content was published on Jun 26, 2005 She will discuss the question of an additional further Red Cross emblem with Rice, and United Nations reforms during a stop in New York. As the depository state of the Geneva Conventions, Switzerland is closely following the debate concerning a third symbol, after the cross and crescent, for the Geneva-based Red Cross movement. Switzerland has…

Railways bosses admit mistakes

This content was published on Jun 26, 2005 Speaking in the Sunday newspapers, the Railways management promised to introduce measures to minimise the chance of such a shutdown repeating itself in future. Railways CEO, Benedikt Weibel, told the Blick newspaper that the company’s risk management had to be optimised. Weibel said the Railways would investigate why the short circuit was not contained, but…

Fewer marriages but more divorces

This content was published on Jun 24, 2005 There was also a decrease in the number of marriages and deaths, according to figures released by the Federal Statistics Office on Friday. They show that there were 73,100 children born, which is 1.7 per cent more than the previous year. The number of births has remained stable since 2001, after falling by almost 15…

Men fight for greater recognition

This content was published on Jun 24, 2005 The founders of männer.ch say Swiss men are under increasing pressure and need to restore a healthy balance between work and leisure. The “forum for men, emancipation and politics” sees itself as an umbrella organisation for men’s groups, and it promises to represent their interests at the federal political level. Its main goal, according to…

A thousand francs to lure jobless back to work

This content was published on Jun 24, 2005 The trade unions fear that wages will be pushed down and economists warn that more complex solutions are required. Every year the Swiss cantons and municipal authorities spend around SFr3 billion ($2.36 billion) on income support. Some 300,000 people depend wholly or partly on help of this kind. And this is a growing trend. In…

Machine industry celebrates a milestone

This content was published on Jun 24, 2005 Despite a downturn in its fortunes, the sector has been celebrating 100 years of the engineering employers’ association in Switzerland at a ceremony in Zurich. Swissmem, which is the industries’ umbrella organisation, warned on Friday that companies were losing two to three per cent of their workforce every year. This is down to a number…

The day the trains stopped running…

This content was published on Jun 24, 2005 You can set your watch by a Swiss train, is a common, if inaccurate, cliché about the rail service in this nation of train lovers. The qualities that define the Swiss Federal Railways are the same as those frequently associated with Switzerland – punctuality, reliability and superior service. With such high expectations, the failure of…

US buyers target Swiss chip firms

This content was published on Jun 24, 2005 In the latest deal, Californian semiconductor manufacturer Semtech is buying Swiss wireless chipmaker and spin-off from the Swiss Center for Electronics and Microtechnology (CSEM), Xemics SA. The Swiss subsidiary of the US chipmaker, Semtech International AG, will pay up to $59 million (SFr75 million) in cash to the shareholders of Neuchâtel-based Xemics. The transaction is…

Overheating oil prices set to cool economy

This content was published on Jun 24, 2005 Experts are warning that Switzerland’s economy will suffer and growth will be hindered if the cost of oil does not drop. On Thursday a barrel of crude briefly crossed the $60 (SFr77) threshold in New York, establishing a new record. Trading closed at $59.42. North Sea Brent crude oil, usually considered the most expensive, closed…

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Leica rejects hostile takeover bid

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Swiss-American relations in spotlight

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Railways bosses admit mistakes

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Fewer marriages but more divorces

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Men fight for greater recognition

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A thousand francs to lure jobless back to work

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Machine industry celebrates a milestone

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The day the trains stopped running…

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US buyers target Swiss chip firms

More

Overheating oil prices set to cool economy

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