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Swiss Re profits jump by a fifth

This content was published on Apr 26, 2001 The company attributed the strong result to a recovery in the non-life business, after several years of strong competitive pressure. In a statement, Swiss Re said the result was the latest in a long series of marked improvements. “Over the past six years — in other words, since the strategic reorientation of the group and…

Swatch links up with AOL Time Warner

This content was published on Apr 26, 2001 Under the deal, announced on Wednesday, AOL Time Warner will develop programmes and promotional initiatives for Swatch’s 18 brands. These will be promoted across the US company’s various media, including Time Inc. and AOL websites. AOL Time Warner boss, Bob Pittman, said the agreement would give Swatch new opportunities to showcase their products while creating…

InCentive withdraws hostile bid for Sulzer

This content was published on Apr 26, 2001 The announcement was widely expected after InCentive, an investment company headed by René Braginsky, failed to win over shareholders at Sulzer’s annual general meeting last week. InCentive was hoping to elect its own board and to abolish voting restrictions to ease through its SFr 1.6 billion ($0.94 million) bid, but failed on both counts. Shareholders…

Ciba reports solid first quarter

This content was published on Apr 26, 2001 Sales were up only one per cent in local currencies in what the company described as a challenging business environment. The figures, however, were at the top end of analysts’ forecasts. Ciba on Thursday said it expected further sales and earnings growth for the rest of the year. “These forecasts are based on both a…

The longest train journey in a small country

This content was published on Apr 26, 2001 I asked an official at the Swiss Federal Railways to tell me where I would have to start and end my journey if I wanted to take the longest possible train ride in the country. It took a while before he understood the strange request. “It depends where you want to go,” he replied. But…

SAirGroup boss tries to restore public confidence

This content was published on Apr 25, 2001 In his introductory remarks at the meeting, Corti traced the history of SAirGroup’s problems, which led to the company’s worst-ever results last year. Corti said the search for a new strategy had started when the Swiss people turned down membership of the European Economic Area in 1992, but he admitted that an attempt to create…

Novartis plans to develop new research facility

This content was published on Apr 25, 2001 A Novartis spokesman said the project was already in an advanced stage and that a firm decision would be taken within the next few months. The plan is to build a new research centre called the “Drug Discovery Centre” where researchers will conduct studies into new medicines. Their work will be based on genetic research.…

Association grapples with sports information in Internet age

This content was published on Apr 25, 2001 Sport has spawned a whole new world of information and research which touches on many other fields of human activity – commerce, law, medicine and psychology, for example. Sport has also been one of the key forces driving the growth of the worldwide web. It is said that a search for the word “sport” on…

Adecco performs well in first quarter

This content was published on Apr 25, 2001 The results, which were in line with analysts’ forecasts, included figures for the United States-based group Olsten, which Adecco acquired last year. The acquisition significantly increased the importance of the North American market for Adecco, which itself was formed in 1996 from the merger of Switzerland’s Adia and the French company, Ecco. The group said…

SAirGroup faces stormy AGM

This content was published on Apr 25, 2001 The new chairman and chief executive, Mario Corti, is also expected to unveil further details at the meeting in Zurich of his plans to turn the company around. As many as 11,000 people are expected to attend the AGM, the largest in Swiss corporate history. The company, rarely out of the headlines since the beginning…

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Swiss Re profits jump by a fifth

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Swatch links up with AOL Time Warner

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InCentive withdraws hostile bid for Sulzer

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Ciba reports solid first quarter

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The longest train journey in a small country

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SAirGroup boss tries to restore public confidence

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Novartis plans to develop new research facility

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Association grapples with sports information in Internet age

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Adecco performs well in first quarter

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SAirGroup faces stormy AGM

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