Internal: Archive

SGS makes strategic acquisition in Australia

This content was published on Oct 22, 2001 A statement from SGS headquarters in Geneva on Monday said the company had made a public offer for 100 per cent of Scientific Services shares. It did not disclose a figure for the deal. Scientific Services is active in testing and analytical services to the global minerals and petroleum industries, with operations centred mainly in…

Swiss Re raises capital to pay for Lincoln acquisition

This content was published on Oct 22, 2001 Swiss Re is to issue 28,522,370 shares, offering existing shareholders one new share for every 10 held. The move is expected to raise capital by almost 10 per cent. Swiss Re announced the SFr3.36 billion deal in July, saying that Lincoln Re – part of the Lincoln National Corporation in the United States – would…

Swiss political parties split over future of Swissair

This content was published on Oct 22, 2001 At the Radical Party’s meeting in Schaffhausen, the economics minister, Pascal Couchepin, said it was necessary for the government to intervene in the Swissair debacle for both “political and economic” reasons. He said that airline routes and services needed to be maintained and that the affair needed to be sorted out quickly and efficiently, so…

Through the looking glass factory

This content was published on Oct 22, 2001 About 25 craftsmen are busily taking molten glass out of a large furnace and pouring it into moulds or blowing it into shape. They are outnumbered by the visitors watching from the viewing platform in the Glasi Hergiswil factory. About 200,000 visitors come to the factory every year (located just south of Lucerne on the…

Nestlé streamlines information flow

This content was published on Oct 21, 2001 The Vevey-based company, which has an annual turnover of SFr62.4 billion ($38 billion), has spent the last 13 years buying up major brands including Buitoni and Rowntree in 1988, Perrier in 1992 and San Pellegrino in 1998. As a result of this buying spree, Switzerland’s largest company has become an unwieldy conglomerate, with each factory…

Impasse over Swissair salvage plan

This content was published on Oct 21, 2001 The sticking point was the question of who would foot the bill for the estimated SFr1 billion ($610 million) set up costs for the new national airline, Crossair. According to the Swiss newspaper, the “SonntagsZeitung”, the government said it would provide more than half of the required SFr940 million ($572 million) start up funds, agreeing…

Funds encourage humane, pro-environment investment

This content was published on Oct 21, 2001 To qualify for funding, companies must prove that their environmental and social policies are acceptable to the banks’ fund managers. Investments in alcohol or tobacco can be turned away, and companies without effective trade union representation or equal opportunity policies for their staff may also face rejection. Carol Franklin, head of the WWF Switzerland, told…

To fly or not to fly

This content was published on Oct 21, 2001 Last week the Swiss government said it was willing to help rescue the national airline industry in the wake of the spectacular collapse of the Swissair Group, but made it clear that it would only do so if the private sector provided a large chunk of the funds required. Officials from the federal government, local…

Agro-tourism helps one Swiss farm thrive

This content was published on Oct 21, 2001 Ulrico Feitknecht told swissinfo that the farm he runs with his wife Rose produces pigs, seed maize, soybeans, cereals and potatoes and 1,800 litres of milk each day from their dairy herd. However, farmers in Switzerland have suffered from lower agricultural prices over the past few years, encouraging more and more farmers to diversify their…

Swissair crisis continues

This content was published on Oct 20, 2001 With the government, local authorities, banks and business leaders still discussing plans to save the country’s airline industry arguments have raged about the likelihood of the plans’ success. Employees at Swissair, which collapsed at the start of the month under a huge debt burden, were among the most concerned as they petitioned the government for…

Internal: Archive

Popular Stories

Most Discussed

Internal: Archive

More

SGS makes strategic acquisition in Australia

More

Swiss Re raises capital to pay for Lincoln acquisition

More

Swiss political parties split over future of Swissair

More

Through the looking glass factory

More

Nestlé streamlines information flow

More

Impasse over Swissair salvage plan

More

Funds encourage humane, pro-environment investment

More

To fly or not to fly

More

Agro-tourism helps one Swiss farm thrive

More

Swissair crisis continues

Popular Stories

Most Discussed