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CSFB refutes allegations of insider trading

This content was published on Mar 7, 2001 The reported charge is linked to a merger which will create the largest private sector bank in India. The Securities and Exchange Board of India (SEBI) was quoted by the paper as saying that it had “prima facie” evidence that CSFB was involved in insider trading. It said there had been “unusual movements” in the…

Computer programmers stop snow in its tracks

This content was published on Mar 7, 2001 The programme has already helped the authorities in canton Valais determine the best locations for avalanche fences near Verbier. Until now, the siting of such barriers has been largely hit and miss, says Dr Alexandre Masselot, who spent five years at Geneva University’s computer science department, working on the project. “You can ask a human…

Zurich Financial Services to shed 230 jobs

This content was published on Mar 7, 2001 In a statement, the company said it hoped that natural wastage would account for a large number of the job losses. It said it also planned to re-deploy more than 80 employees whose posts are being axed. The job cuts are envisaged as part of a new organisational structure, which was first announced last November…

Woodies revive memories of motoring’s golden age in Geneva

This content was published on Mar 7, 2001 The eight lovingly restored automobiles at the exhibition transport the visitor back to a post-war baby boom America, full of wide-open spaces and far from the high-tech concept cars jostling for space elsewhere in the show. The Woodies were so named because they were built predominantly from wood. This was partly as a result of…

Another sponsor pulls out of troubled Expo 02

This content was published on Mar 6, 2001 Jakobshorn-Bahnen SA, a ski lift company based in Davos, announced on Tuesday it was withdrawing its donation of SFr6 million, which had been earmarked for the construction of a modular hotel in Biel, one of the venues for Expo 02. The 90-bed hotel was to have been built to accommodate Expo 02 visitors before being…

Shares jump as profits soar at Serono

This content was published on Mar 6, 2001 The Geneva-based group’s fourth quarter performance was particularly strong with net income at $90.7 million versus $54.0 million a year ago. Analysts had forecast net income for the year as a whole of between $268-292 million, up from $184 million in 1999. “This performance results from the very strong growth of our business and our…

Germany learns lessons about BSE from Switzerland

This content was published on Mar 6, 2001 After meeting the Swiss economics minister, Pascal Couchepin, on Tuesday, Künast said she had been particularly interested to find out how the various government departments and agriculture organisations were working together to cope with the BSE crisis. “I wanted to learn more about the clearing-up operation and how the parties concerned cooperate.” She added that…

Ascom sells cash handling business to British firm

This content was published on Mar 6, 2001 Ascom chief executive, Urs Fischer, said in a statement on Tuesday that the sale was a further step in the company’s strategy of refocusing on core activities to boost profitability. De La Rue will take on all the 142 staff employed in the Swiss cash handling business, which will be renamed De La Rue Cash…

Julius Baer sees asset management as key to stronger profits

This content was published on Mar 6, 2001 The company said in a statement that it intends to achieve this goal through expanding its key asset management business. The bank saw net profits rise by 63 per cent to SFr433 million ($262.2 million) last year, despite a slowdown in earnings growth in the second half of the year. Assets under management, a key…

Nestlé takeover facing scrutiny by US trade authorities

This content was published on Mar 6, 2001 The FTC is seeking more information about the deal, which would make Nestlé the world’s biggest pet food company, and is seeking to extend the deadline by which the purchase must be approved. The takeover would enable Nestlé to add such household names as Ralston’s Dog and Cat Chow to its range of Friskies cat…

Internal: Archive

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CSFB refutes allegations of insider trading

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Computer programmers stop snow in its tracks

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Zurich Financial Services to shed 230 jobs

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Woodies revive memories of motoring’s golden age in Geneva

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Another sponsor pulls out of troubled Expo 02

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Shares jump as profits soar at Serono

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Germany learns lessons about BSE from Switzerland

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Ascom sells cash handling business to British firm

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Julius Baer sees asset management as key to stronger profits

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Nestlé takeover facing scrutiny by US trade authorities

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