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Sulzer allows management buyout of SLM

This content was published on Apr 5, 2001 The new company, called Winpro, will be an independent supplier to the rolling stock and machine building industry. It will keep its headquarters in Winterthur and take on all of the existing 135 Sulzer employees. The Winpro divestiture fits in with Sulzer’s strategy of focusing on selected core businesses. Sulzer had already announced in August…

Record results at Baloise

This content was published on Apr 5, 2001 Baloise, which is Switzerland’s fourth largest insurance group, said in a statement that it expected to see higher than average earnings this year: “We are sticking to our aim of achieving a double-digit percentage increase in profit every year.” The company said it proposed paying an unchanged dividend of SFr24 ($14), and plans an additional…

SAirGroup shares recover a little ground

This content was published on Apr 4, 2001 A spokesman for SAirGroup, which on Monday reported a massive SFr2.9 billion ($1.71 billion) loss, said talks with a consortium of four banks were ongoing and the results of these discussions would be announced “as soon as possible”. Shares in SAirGroup climbed 8.2 per cent higher to SFr151.50 at one stage on Wednesday, but closed…

Geneva observatory helps discover new planets

This content was published on Apr 4, 2001 The University of Geneva’s Observatory made the announcement on Wednesday along with its European counterpart, the European Southern Observatory (ESO). The finding brings the number of planetary systems known to mankind to six. The planetary systems were spotted indirectly by high precision radial measurements of solar-type stars. This method allows the varied speeds of stars…

Calida profits down, but sales hold up

This content was published on Apr 4, 2001 At the company’s annual results press conference on Wednesday, chairman Thomas Lustenberger said Calida had spent the past year sorting out its problems. He promised that the company was now pursuing a “forward-looking strategy” which will put the group “back on the road to success”. The losses were partly due to weak demand over Christmas…

Swiss supermarkets first to sell guaranteed “dolphin-safe” tuna

This content was published on Apr 4, 2001 The two Swiss chains have teamed up with the Swiss Working Group for the Protection of Sea Mammals (WPSM) to promote the new label, which is the first in the world to guarantee that dolphins are not harmed in the process of fishing for tuna. The WPSM supports the International Dolphin-Safe Monitoring Program (IMP), which…

Government unveils plans to promote biodiversity

This content was published on Apr 4, 2001 Announcing the plan on Wednesday, the cabinet said it wanted to encourage farmers to grow a wide variety of flora on pastures that also support a range of animals. Farmers who take advantage of the programme, which is due to get underway next month, will receive an annual sum of SFr500 ($293) per hectare of…

ABB facing confidence crisis over asbestos claims

This content was published on Apr 4, 2001 ABB told swissinfo on Wednesday that it had put aside $590 million (SFr1 billion) for claims related to asbestos exposure in the US. The sum is based on analysis of previous settlements but spokesman, Thomas Schmidt, admitted that the company’s liabilities could be well in excess of that amount. “I have to stress that due…

Mir space station re-launched from Lucerne

This content was published on Apr 4, 2001 The film will be shown every Friday and Saturday evening throughout April in the museum’s IMAX theatre. The film presents life as it was for the cosmonauts on board MIR, as well as the Cold War struggle for space supremacy. A Russian-made scale model of the space station is part of the museum’s permanent collection,…

Swiss firms upbeat despite slower growth

This content was published on Apr 4, 2001 The survey by Switzerland’s largest bank, which looks at 300 Swiss companies, showed that during the first quarter of 2001 the pace of economic growth continued to slow. The report indicated that there was “a slowdown in the growth rate for the first quarter of 2001 to 2.2 per cent over the prior-year period, with…

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Sulzer allows management buyout of SLM

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Record results at Baloise

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SAirGroup shares recover a little ground

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Geneva observatory helps discover new planets

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Calida profits down, but sales hold up

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Swiss supermarkets first to sell guaranteed “dolphin-safe” tuna

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Government unveils plans to promote biodiversity

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ABB facing confidence crisis over asbestos claims

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Mir space station re-launched from Lucerne

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Swiss firms upbeat despite slower growth

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