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Swiss president to express thanks, condolences at Swissair crash memorial

This content was published on Sep 2, 1999 Canadian Prime Minister Jean Chrétien and Swiss President Ruth Dreifuss are expected to attend Thursday’s public memorial ceremony marking the anniversary of the tragic Swissair Flight 111 crash off Nova Scotia. At the ceremony in Halifax, Dreifuss will express Switzerland’s thanks to all those involved in the rescue efforts, including the rescue teams and the…

Burial services for Swissair Flight 111 victims

This content was published on Sep 2, 1999 (Reuters) — Hundreds of relatives and friends of the 229 people killed in the crash of Swissair Flight 111 gathered for solemn burial services under a brilliant blue sky at a memorial site near this Canadian Atlantic coast hamlet. The victims died when the passenger jet plunged into the Atlantic Ocean a year ago. An…

Gerashchenko says Russia used IMF funds properly

This content was published on Sep 1, 1999 The chairman of Russia’s central bank, Viktor Gerashchenko, on Wednesday denied claims that billions of dollars from the International Monetary Fund had been improperly used. Gerashchenko, speaking in Zurich, said the money from the IMF was used correctly to support budgetary revenues, and he dismissed suggestions they had been siphoned off as part of a…

Families bury Swissair disaster victims

This content was published on Sep 1, 1999 The families of the 229 victims of Swissair Flight 111 were burying their dead Wednesday in private memorial services.The casks containing the unidentified remains of the passengers were buried at, Bayswater and Whalesback, two locations near Peggy’s Cove, which overlooks the crash site 10 kilometres out in the Atlantic Ocean. The coffins, which arrived in…

Ascom says first-half saw doubling of net income

This content was published on Aug 31, 1999 Swiss-based telecommunications giant Ascom on Tuesday released its figures for the first six months of the year and reported an operating result increase of 18 percent compared to the same period the previous year. The group’s after tax net income effectively doubled and reached SFr 39 million ($26 million), the company said. Ascom said the…

Energy for the future

This content was published on Aug 30, 1999

Swiss shoemaker Bally is bought by U.S.-based Texas Pacific

This content was published on Aug 30, 1999 Switzerland’s famous shoemaker Bally is bought from Oerlikon-Bührle by the United States-based Texas Pacific Group, a spokeswoman announced Monday. Texas Pacific, which has a reputation for tightening financial controls and turning around declining consumer brands, has agreed to invest a “substantial” amount in Bally to boost the company’s global brand strategy, said the spokeswoman. Bally’s…

Swisscom announces first-half figures

This content was published on Aug 27, 1999 Swisscom AG, Switzerland’s largest telecommunications company, reported a 6 percent rise in net profit to SFr1.2 billion ($800 million). Revenues in the company, which began selling shares on the stock market last year, rose to SFr5.2 billion ($3.5 billion), up from SFr5.12 billion (then $3.36 billion) in the corresponding period of 1998, a statement said.…

Sulzer Industries announces 2,000 job reductions to boost performance

This content was published on Aug 26, 1999 Sulzer Industries announced Thursday that it would shed 2,000 out of its 19,000 jobs by the end of 2001 as part of a realignment programme aimed at boosting competitiveness and profitability. Sulzer said it would focus on the oil, gas and chemical industries and related markets, where strong growth was planned, above all in the…

Novartis reports first-half profit up 5 percent

This content was published on Aug 26, 1999 (AP) – Swiss-based Pharmaceutical giant Novartis said Thursday its net profit for the first half of this year rose 5 percent on the same period in 1998. It reported earnings of SFr3.73 billion ($2.45 billion), up from SFr3.55 billion (then $2.4 billion) last year. The company credited higher operating income and “good” financial earnings for…

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Swiss president to express thanks, condolences at Swissair crash memorial

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Burial services for Swissair Flight 111 victims

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Gerashchenko says Russia used IMF funds properly

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Families bury Swissair disaster victims

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Ascom says first-half saw doubling of net income

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Energy for the future

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Swiss shoemaker Bally is bought by U.S.-based Texas Pacific

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Swisscom announces first-half figures

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Sulzer Industries announces 2,000 job reductions to boost performance

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Novartis reports first-half profit up 5 percent

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