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Swiss Re estimates SFr1.2 billion loss after terrorist attacks

This content was published on Sep 12, 2001 Reinsurance companies insure insurance companies against major losses. Swiss Re said in a statement from its Zurich headquarters that based on a first and very rough estimation, the loss to the company was expected to be in the range of the 1999 European winter storms Lothar and Martin. “But further information will affect this indication,”…

Swiss firms to clean up New Jersey site

This content was published on Sep 11, 2001 The US Congress established the Superfund programme in 1980 to locate, investigate, and clean up the worst environmentally damaged sites. The companies agreed to the cleanup under a consent decree lodged on Monday in a US District Court. The US Environmental Protection Agency (EPA) made the agreement with the companies, which have already spent an…

Swissair sells stake in airport restaurant

This content was published on Sep 11, 2001 The move comes as part of Swissair’s drive to shed assets and shore up it wafer-thin liquidity base. “The holding has been sold as part of a broader refocus of the Swissair Group’s overall strategic thrust onto its core airline operations and closely associated activities,” the company said in a statement. Autogrill said it had…

Crealogix profit plunges

This content was published on Sep 11, 2001 Completing its first year as a listed company, Crealogix said it would not pay a dividend, in keeping with its policy of reinvesting earnings in expansion. Sales rose 39 per cent to SFr27.3 million in a market that showed an expected slowing in demand for e-business projects over the year. Crealogix said that, not least…

Profits up at Unilabs

This content was published on Sep 11, 2001 Pretax profit at the Geneva-based company rose to SFr22.5 million ($13.4 million) from SFr21.4 million. The company said in its results statement on Tuesday that it was confident of being able to maintain a return-on-equity ratio of more than 20 per cent for the year 2001/02. Sales over the year rose 13.6 per cent to…

Iceland’s gene pool sheds light on cause of obesity

This content was published on Sep 11, 2001 Announcing the discovery, the two firms said the genes would prove invaluable in the search for a cure or a way of preventing the two disorders. One out of four adults in Europe and the United States is overweight, as are increasing ranks of children, the companies said. They stressed, though, that although genetics does…

Winegrowers to meet Couchepin

This content was published on Sep 11, 2001 A delegation of winegrowers received assurances from Manfred Bötsch, head of the Federal Office for Agriculture, that a meeting would take place with the economics minister on his return from Paris. Demonstrators had earlier threatened to occupy the parliament building as well as camp outside if their demands for talks with Couchepin were turned down.…

Winegrowers lead tractor protest to Bern

This content was published on Sep 11, 2001 The Swiss Winegrowers Association and the Swiss Farmers Association say the problem can be attributed to the lifting of protective import tariffs, a step which has led to a flood of foreign wines on the Swiss market. The demonstrators are mainly from the western part of Switzerland. Participant Laurent Carr of the Mont sur Rolle…

Switzerland’s prehistoric past on show in new museum

This content was published on Sep 10, 2001 The new museum has been dubbed the Laténium, referring to a nearby beach along the lake of Neuchâtel. The site’s name (La Tène) refers to the period between 450 BC and 100 BC. Nearly 20,000 objects are stored in the museum, most of them discovered during archaeological digs throughout the canton and along the lake.…

Swissair ends joint venture with Mövenpick

This content was published on Sep 10, 2001 “Swissair approached us and offered us its stake in the joint venture. We will acquire the stake at the end of the year,” said Mövenpick spokeswoman, Lilly Frei. No financial details of the transaction have been released. Frei said dissolving the joint venture would not create any adverse conditions for purchasing and that existing contracts…

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Swiss Re estimates SFr1.2 billion loss after terrorist attacks

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Swiss firms to clean up New Jersey site

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Swissair sells stake in airport restaurant

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Crealogix profit plunges

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Profits up at Unilabs

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Iceland’s gene pool sheds light on cause of obesity

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Winegrowers to meet Couchepin

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Winegrowers lead tractor protest to Bern

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Switzerland’s prehistoric past on show in new museum

More

Swissair ends joint venture with Mövenpick

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