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Nestlé still Switzerland’s top firm

This content was published on Jun 12, 2001 With an annual turnover of SFr81.4 billion ($45.3 billion), Nestlé is just ahead of the raw materials trading company, Glencore, which has a turnover of SFr81.1 billion. The trading group, Metro, comes in third with a turnover of SFr73.2 billion. The 10 largest Swiss companies have a combined annual turnover of SFr414 billion. There are…

Basel duo in the running for top businesswoman title

This content was published on Jun 12, 2001 Founded in 1997, GetWellness is a medical consultancy firm, which offers specialist advice to companies and healthcare professionals, and provides a 24-hour service via the Internet for executives who need medical advice or treatment when travelling abroad. The two, who both studied biochemistry, and worked for the United States consultancy firm, McKinsey, identified a niche…

Forbo sets sights on Spanish market

This content was published on Jun 12, 2001 Carzuh supplies the car, furniture and wood industries. The transaction should be completed next month. Forbo, with adhesive sales of SFr206 million last year, is trying to expand this part of its business through acquisitions and organic growth. “The takeover of Carzuh is a first step in the implementation of this part of the strategy,”…

CSFB files defence in IPO investigation

This content was published on Jun 12, 2001 The Wall Street Journal says in its Tuesday edition that CSFB argues that it did not violate rules in receiving large commissions from investors who obtained allocations of popular IPOs. According to the report, the Credit Suisse unit told the National Association of Securities Dealers that it should not face charges of excessive commissions because…

Swisscom sells Italian unit to Grapes

This content was published on Jun 12, 2001 No financial details of the transaction have been released but Swisscom said it was part of its plan to concentrate on its mobile communications and data services. The Milan-based unit, Swisscom S.p.A, is a switch-based telecommunications service provider for business customers in northern Italy. The 50 strong workforce will be taken on by Grapes and…

Swiss herds head for the Alps

This content was published on Jun 12, 2001 Today’s “Sennhütte” – the alpine summer-house where the dairymen or “Sennen” and their assistants live – usually has electricity, running water and perhaps even a bathroom, while the cowshed has a milk machine and the dairy, the latest in cheese-making equipment. Although they enjoy more comfort than their predecessors, today’s Sennen still work 13 or…

The questions facing Blatter

This content was published on Jun 12, 2001 1. When were you first aware of the financial difficulties facing ISL/ISMM and what steps were taken at that time to inform the FIFA Executive Committee of the potential problems ahead? 2. On what basis was the decision taken to plan a bond issue with ISL/ISMM; when was this decision taken; when and on what…

Switzerland helps labour relations in South Africa

This content was published on Jun 11, 2001 The project, which ran from 1997 to 2000, was paid for by the Swiss foreign ministry and the State Secretariat for Economic Affairs and run by the United Nations International Labour Organisation (ILO). The leader of the ILO/Swiss Project, Charles Nupen, said Apartheid had left South Africa with a legacy of animosity between workers and…

Swissair shares take further hammering on Zurich bourse

This content was published on Jun 11, 2001 Analysts say investors are worried about how the company’s chairman, Mario Corti, plans to return the group to profitability after losses last year of SFr2.9 billion. Corti has promised a rethink of the disastrous strategy that saw Swissair buy stakes in small European airlines such as French-based AOM/Air Liberté and the Belgian carrier, Sabena. However,…

Swiss instruments to measure solar activity

This content was published on Jun 11, 2001 The High Energy Solar Spectroscopic Imager (HESSI) satellite is to measure peak solar activity, which happens every 11 years. Scientists hope to find the reasons of some well-known phenomena. “We want to observe solar flares”, says Alex Zehnder, head of the astrophysics laboratory at PSI. “These events produce energy equivalent to millions of atomic bombs.”…

Internal: Archive

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Nestlé still Switzerland’s top firm

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Basel duo in the running for top businesswoman title

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Forbo sets sights on Spanish market

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CSFB files defence in IPO investigation

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Swisscom sells Italian unit to Grapes

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Swiss herds head for the Alps

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The questions facing Blatter

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Switzerland helps labour relations in South Africa

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Swissair shares take further hammering on Zurich bourse

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Swiss instruments to measure solar activity

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