GO
Loading...

Switzerland

More

  • Heard In Davos: Nailing the Problem of A U.S. Recession Wednesday, 23 Jan 2008 | 7:22 AM ET

    Economic slowdown and market disruption is the talk of Davos, in official forums, on camera and informal chats in halls and shuttle vans. Other issues like the environment and health are taking a back seat.

  • Richemont Sales Rise 8%, Miss Forecast Wednesday, 23 Jan 2008 | 4:07 AM ET

    Richemont, the world's second-largest luxury goods group, narrowly missed forecasts on Wednesday with an 8 percent rise in third-quarter sales, and said demand "slowed somewhat" in Japan and the United States in December.

  • On Recession Watching And Fed Watchers Tuesday, 22 Jan 2008 | 4:02 PM ET

    How avoiding a US recession may be a slippery slope, what a PricewatershouseCoopers survey says about CEO confidence and why one economist expects to be in big demand at Davos this year.

  • Looking for Meaning in the Davos Theme Tuesday, 22 Jan 2008 | 11:50 AM ET

    The World Economic Forum's annual meeting always has a grand theme, but last year's topic of a shifting power equation could serve just as well this year as China's representation increases. Now the question is whether the U.S. still calls the tune when it comes to economic direction.

  • Being Seen and Heard in Davos The Digital Way Tuesday, 22 Jan 2008 | 11:48 AM ET

    Without a doubt, CNBC's coverage will be comprehensive. We'll be interviewing -- among many others -- attendees such as Henry Kissinger, Cerberus Chairman John Snow, Merrill Lynch CEO John Thain, BT CEO Ben Verwaayen, Barclays President Bob Diamond and US Secretary of State Condoleezza Rice. But if time runs short and one of our anchors follows up with a question when the cameras have stoped rolling, or a reporter gets the inside word on a big deal, they'll be blogging about it here.

  • Big Ideas, Free Thinkers Drive Debate Tuesday, 22 Jan 2008 | 11:39 AM ET

    Davos sometimes gets dismissed as a talking shop which achieves few concrete results, but that is a misunderstanding of the event, usually spoken by people who have never attended.Davos' greatest coup is in gathering together individuals who have the ability to make meaningful decisions –- and then encouraging them to think freely and discuss their fears and hopes.

  • Barry Callebaut Sales Rise 22%, Sees Tough Year Tuesday, 22 Jan 2008 | 3:58 AM ET

    Barry Callebaut, the world's largest chocolate maker, posted a forecast-beating 22 percent rise in first-quarter sales on Tuesday, but warned margins could face pressure due to high raw material prices.

  • Roche Wins Ventana with Raised $3.4 Billion Bid Tuesday, 22 Jan 2008 | 3:31 AM ET

    Roche Holding has overcome Ventana's resistance to its takeover bid by raising its price, acquiring the diagnostics maker for $3.4 billion to boost its cancer testing business.

  • UBS to Revamp Investment Bank, Start Workout Fund Friday, 18 Jan 2008 | 6:43 AM ET

    UBS, the biggest European casualty of the U.S. subprime crisis, said it was shrinking its investment banking business, cutting staff and drastically downscaling its exposure to risky investments.

  • Novartis Boosts Shareholder Return as Profit Sinks Thursday, 17 Jan 2008 | 12:11 PM ET

    Swiss drug maker Novartis said Thursday its fourth-quarter profit fell sharply, mainly due to restructuring costs, but that it would increase returns to shareholders with a new buyback program and an increase to its dividend.

  • Sulzer Predicts Slower Growth in 2008 Tuesday, 15 Jan 2008 | 3:56 AM ET

    Swiss engineering group Sulzer posted a 24 percent rise in full-year order intake on Tuesday, boosted by demand in the oil and gas sector, but said the growth rate was likely to slow in 2008.

  • UBS, struck with billions of dollars of writedowns on subprime exposures, is trying to persuade investment bankers to stay with the company by allowing them to sell some of their share-based bonuses after just one year, the Financial Times reported.

  • Logitech Shares Surge on Talk of Microsoft Bid Thursday, 10 Jan 2008 | 8:32 AM ET

    Shares in Swiss-based computer peripherals maker Logitech International gained up to 12 percent on Thursday amid speculation Microsoft would launch a takeover bid, traders said.

  • Credit Suisse Stock Drops on Report of Writedowns Monday, 7 Jan 2008 | 5:16 AM ET

    Shares in Swiss bank Credit Suisse  fell by around 3 percent on Monday after a Swiss newspaper reported the bank faced writedowns in its commercial mortgage and leveraged-finance business.

  • Swiss Re Loyal to Troubled Unit, Sees Fast Buyback Tuesday, 11 Dec 2007 | 3:57 AM ET

    Reinsurer Swiss Re said it is committed to the Financial Services unit that was the source of last month's large subprime writedown and said it was likely to speed up its share buyback program.

  • Novartis Plans Restructuring, Job Cuts: WSJE Tuesday, 11 Dec 2007 | 3:50 AM ET

    Novartis plans a restructuring that will result in job cuts and the removal of several layers of management, according to an interview with CEO Daniel Vasella in the Wall Street Journal Europe.

  • UBS revealed a $10 billion writedown and an emergency injection of funds from Singapore and the Middle East, making it the biggest victim of the U.S. subprime crisis to date among major European banks.

  • Sometimes weekend newspaper pickups go nowhere and sometimes you hit pay dirt. This morning, putting together "Squawk Box Europe", the team debated the merits of a story carried by the Swiss weekly the Sonntagszeitung. It said UBS management held an unscheduled board meeting at the weekend and could announce more sizeable writedowns.

  • Nestle to Sell Jamba Juice in Grocery Stores Tuesday, 4 Dec 2007 | 10:49 AM ET

    Jamba said it is partnering with Nestle USA to sell bottled smoothies and juice drinks at U.S. grocery stores, sending the company's shares up 28 percent.

  • Swiss Life Shrugs off Credit Crisis, Boosts Targets Tuesday, 4 Dec 2007 | 4:13 AM ET

    Insurer Swiss Life raised its targets on Tuesday, aiming to boost earnings per share by at least 12 percent annually, and said the credit crisis will not hit its results, lifting its shares.