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Judgement day looms for Corti

This content was published on Jul 11, 2001 Swissair has been studying ways to restore its profitability since the beginning of the year after abandoning an ill-conceived foreign expansion policy that saw its losses mount to SFr2.9 billion ($1.61 billion) last year. Analysts want to hear Corti explain how he intends to withdraw from foreign investments and how he plans to cut a…

UBS postpones plans to spin-off private equity unit after big losses

This content was published on Jul 11, 2001 The decision comes after UBS Capital made a loss of SFr282 million ($158.5 million) in the first three months of the year under the leadership of Pierre de Weck. UBS said on Wednesday that de Weck is to leave the company by mutual agreement at the end of July. UBS Capital will for now remain…

Scars of Seveso still linger

This content was published on Jul 11, 2001 Around midday on July 10, 1976, a ventilation system failed at the Icmesa factory, releasing the toxins into the atmosphere over a residential area. At first, nobody realised what was happening. It was only four days later that children started showing skin damage. The initial conclusion was they were contaminated by chlorine. But two weeks…

Mountain films shown in shadow of Matterhorn

This content was published on Jul 11, 2001 The respected mountain guide and film director, Gerhard Baur, will be on hand during the showing of his film on opening night, “The Great Aletsch Glacier”. Baur takes moviegoers on a journey through the ice age. He takes his camera into the depths of the ice mass, and transforms a single snowflake into a mighty…

Shares in Sulzer Medica fall as company gains independence

This content was published on Jul 10, 2001 The company’s stock price has fallen around 80 per cent this year amid a crisis over the recall of faulty hip implants in the United States and doubts over the spin-off strategy. On Monday, the company said the number of lawsuits it is facing in the United States had risen to 1,000 from 800 reported…

Novartis drug hits regulatory hurdle

This content was published on Jul 10, 2001 A statement from the company said it would provide fresh data to the US Food and Drug Administration with conservative estimates for the new submission ranging from 2002 to early 2003. The company said the drug’s approval in the European Union was also subject to delay. Analysts say there are concerns about the drug’s side…

Banking ombudsman gives cautious welcome to complaints slowdown

This content was published on Jul 10, 2001 In his annual report on Tuesday, Häni said the number of complaints he received increased by 10 per cent last year to 1,605 cases. That is a significantly smaller rise than in previous years, when complaints went up on average by 25 per cent a year. However, Häni told swissinfo that he wasn’t ready to…

Jelmoli sales up 25 per cent

This content was published on Jul 10, 2001 Excluding the acquisition of Electro Plus and the opening of new outlets for its Molino restaurants, sales on a comparable basis for the same period in 2000 were up 8.5 per cent. Jelmoli said that based on a strong consumer sentiment, it expected favourable sales growth for the rest of the year. Rental income is…

Zurich town trounces Davos as most dynamic Swiss location

This content was published on Jul 10, 2001 The survey, published annually, takes into account the economic conditions in each town. It also assesses towns according to a variety of social and environmental criteria. Opfikon/Glattbrugg, a town located close to Zurich’s international airport, jumped eight places to wrestle the number one spot away from the mountain resort of Davos, which slipped down to…

WWF: Sleeping with the enemy?

This content was published on Jul 10, 2001 This change in approach from confrontation to cooperation was the key factor in the WWF-Switzerland’s decision to recruit its new boss from big business. The person it chose was Carol Franklin, who had previously worked for 20 years at the reinsurance company, Swiss Re. Franklin has presided over a three-stage re-organisation of the WWF, overhauling…

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Judgement day looms for Corti

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UBS postpones plans to spin-off private equity unit after big losses

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Scars of Seveso still linger

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Mountain films shown in shadow of Matterhorn

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Shares in Sulzer Medica fall as company gains independence

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Novartis drug hits regulatory hurdle

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Banking ombudsman gives cautious welcome to complaints slowdown

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Jelmoli sales up 25 per cent

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Zurich town trounces Davos as most dynamic Swiss location

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WWF: Sleeping with the enemy?

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